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Real Estate: Real estate market recovers; higher prices for new apartments in Bucharest
Tuesday, May 14, 2024
Prices of new apartments are highest in Bucharest, recording an advance of 17% against the same period of 2023, according to an analysis made by Imobiliare.ro. The analysis of price evolutions in the largest cities in the country shows that prices of new apartments are highest in Bucharest where the present average prices per square meter in 1,850 ...
SkyTower Bucharest closes the first quarter of 2024 with new leases totalling 3,000 sqm
Tuesday, May 14, 2024
SkyTower, the iconic landmark of Bucharest and the tallest building in Romania, proudly announces that it has secured leases for more than 3,000 square meters of prime office space in the first quarter of 2024, attracting interest from both local and international companies. The leases signed until 2024 show the growing attractiveness of SkyTower for various business sectors such as renewable energy, artificial intelligence, digital currency trading ...
Cars: Slight drop of new car registrations in Romania in first 4 months
Tuesday, May 14, 2024
The number of new car registrations in Romania in the first four months of the ongoing year, dropped by 0.69% compared to the same period of 2023, to 46,504 units, from 46,831 units, according to data centralized by DRPCIV, quoted by the Association of Automobile Builders in Romania (ACAROM). The volume of second hand cars registered for the first time in Romania, in the period analyzed reached 114,027 ...
New registrations of road vehicles for passenger transport up 4.5 pct in Q1
Tuesday, May 14, 2024
New registrations of road vehicles for passenger transport increased by 4.5% in Q1 2024, year-over-year, and the share of new registrations of imported second-hand cars in total new car registrations increased by 4.5 percentage points, according to data published last Tuesday by the National Institute of Statistics (INS).According to the cited source, in the first three months of the current year, new registrations of road vehicles for passenger ...
Infrastructure: Rehabilitation and modernization of Drobeta-Turnu Severin port, approved by government
Tuesday, May 14, 2024
“The Executive approved, by decision, the rehabilitation and modernization of Drobeta-Turnu Severin port, the total investment value being 125 million lei, to be made in 24 months,” said Mihai Constantin, government spokesman. “The main works planned for the commercial port include: rehabilitation of the existing vertical docks of 300 m., the rehabilitation of railway platforms and ...
CFR Calatori's estimated losses for 2024 increase by 464%, to 1.03 bn RON
Tuesday, May 14, 2024
The state operator of passenger rail transport CFR Calatori estimates for 2024 losses of 1.026 billion RON, 464% higher than those reported on December 31, 2023, these being mainly determined by the decrease of almost 30 % of the compensation granted from the state budget and the increase in salary expenses to almost 1.8 billion RON as a result of the application of the Law on the status of railway workers.According to the draft Government Decision on the approval ...
Constanta Port, under-performing, insufficient investments to upgrade, develop obsolete infrastructure
Tuesday, May 14, 2024
In the period 2016 - 2022, Romania did not have a coherent strategy for the development of naval transport, and the activity of the Constanta Maritime Ports Administration National Company (CNAPM CT) did not take place in a stable environment and on the basis of key performance indicators, adapted to the specifics of the activity, to ensure the efficient use of resources and the implementation of an adequate long-term development plan for the Port of Constanta, reveals ...
Telecom. IT : IT industry accounts for 8% of Romania's GDP; AI technology is the future
Tuesday, May 14, 2024
The IT sector in Romania is making up 8% of the Gross Domestic Product (GDP), being one of the industries with the highest added value in the country, Minister of Research, Innovation and Digital Transformation Bogdan Ivan told the International Summit & Gala Award 2024 on last Wednesday."When we talk about AI and related technologies, we talk about the future, and right now, we're not just in a local or regional race, but in a global race. In my ...
Tourism : Arrivals registered in tourist accommodation facilities up 2.4 pct in the first three months
Tuesday, May 14, 2024
Arrivals registered in tourist accommodation units, including apartments and rooms for rent, totaled 2.47 million people in the first quarter, up 2.4% compared to the same period in 2023, according to data from the National Institute of Statistics (INS), published on last Wednesday.Out of the total number of arrivals, during the period January 1 - March 31, 2024, those of Romanian tourists in tourist accommodation facilities accounted for ...
Agriculture: Prices of agricultural products, down by 18.69% in February 2024 v February 2023
Tuesday, May 7, 2024
The prices of agricultural products decreased by 18.69% in February 2024, compared to February 2023, according to the statistical price bulletin of the National Institute of Statistics, in which it is mentioned that the prices of vegetable products decreased by 24.05%, and those of animal products increased by 0.32%.The inflation rate in February 2024, compared to the same month of 2023, was 7.2%.The prices of food increased by 4.5%, those of ...
Healthcare: Eurostat:Medicinal and pharmaceutical products: Exports down in 2023
Tuesday, May 7, 2024
In ...
Real Estate: IFC Boosts NEPI Rockastle’s Green Financing To €445 Million
Tuesday, May 7, 2024
The International Finance Corporation (IFC), the investment division of the World Bank, has extended a €58 million facility to supplement the existing €387 million green financing provided to NEPI Rockastle. This expands the total financing package to €445 million. The facility now covers around 89% of the principal of the bond issue, and the difference is to be covered from the ...
Telecom. IT: Eurostat: Digitalisation in Europe – 2024 edition
Tuesday, May 7, 2024
In 2023, 8% of businesses in the EU used AI. As with cloud computing, its use was more common in large businesses (30%) than in SMEs (7%). Among the EU countries, the use of AI technologies was highest in Denmark and Finland (both 15%), followed by Luxembourg and Belgium (both 14%). In contrast, it was lowest in Romania (2%), Bulgaria, Poland, Hungary and Greece (all 4%), according to the ...
Cars: Avis: Romanians rented more cars abroad in the first months of the year, compared to last year
Tuesday, May 7, 2024
Avis, a global provider of mobility solutions, has seen a significant increase in the number of cars booked by Romanians during the Easter mini-vacation compared to 2023. Particularly for international getaways, as the number of Romanian outbound reservations continues to rise. Italy, France, Germany, and Spain were the most sought-after destinations for car rental services ...
Real Estate: Deloitte 2024 Real Estate Confidence Survey for Central Europe
Tuesday, April 30, 2024
Half of the real estate companies in Central Europe (49%) estimate investment to increase this year and only 19% expect a decrease (down from 51% in 2023), amid improving perception of growth potential in the market, according to Deloitte 2024 Real Estate Confidence Survey for Central Europe. Moreover, 40% of respondents anticipate market activity to increase this year, up from 15% a year ago, while the ...
Colliers: Number of residential properties sold in Bucharest in first quarter of 2024, 18% higher
Tuesday, April 30, 2024
The residential market has started 2024 strongly, with the first quarter ending with an 18% increase in the number of residential transactions in Bucharest compared to the same period last year, according to Colliers data. In the rest of the country, however, demand in the residential market has seen an even higher increase of 19%. Buying intentions remain high, Colliers consultants note, explaining that the easing of the financial markets will boost housing demand. In ...
Cars: Vehicles made in Romania are in demand in over 60 markets worldwide
Tuesday, April 30, 2024
The vehicles made in Romania are in demand on all markets where they are on sale, over 60 markets in the world, so that 2024 could end on the plus, with a new record, stated Adrian Sandu, general secretary and member in the Managing Council of the Romanian Automobile Manufacturers Association (ACAROM).According to him, in 2023 there was a growth of production, a new record of the automobile industry in Romania, with 513,000 units."And ...
Infrastructure: Road freight transport lost EUR 2.55 billion in 2023 due to delays at borders
Tuesday, April 30, 2024
Romania's road freight transport industry lost EUR 2.55 billion in 2023 due to delays at borders, from EUR 2.41 billion in 2022, Radu Dinescu, secretary general of the National Union of Romania's Road Hauliers (UNTRR) told a specialist conference on Monday."According to our estimates, last year we lost EUR 2.55 billion as a road freight transport industry, as against EUR 2.41 billion in 2022. In March 2011, Romania had the earliest occasion to integrate with the Schengen ...
Delta Dunarii Int'l Airport of Tulcea brought to Schengen standards, with 180 million RON financing
Tuesday, April 30, 2024
The EU funds' 180 million RON upgrading works of the Delta Dunarii / Danube Delta airport in eastern Tulcea were completed in the spring, with it being brought up to Schengen standards, under the coordination of a Bucharest builder, a press release from Concelex sent on last Thursday, informs.The expansion and modernization of the airport were completed in 18 months, to which two more months were added for the design part, by the association of the companies Concelex SRL ...
TransportMin: EU funds for infrastructure, fully absorbed in 2014-2020
Tuesday, April 30, 2024
All the European money available for improving infrastructure in Romania has been absorbed in the 2014-2020 financial year, Transport Minister Sorin Grindeanu said in Tulcea on Wednesday.He participated in the handover of the modernisation works of the "Delta Dunarii" International Airport.The government official announced that the investments carried out in Tulcea, Timisoara and Iasi will be followed by the one in Cluj."We had EUR 4.5 billion for ...