Hungarian group invests EUR 4 mln in Faget hotel in Sovata, Romania

Tuesday, October 3, 2017

Hungarian hotel group Danubius, which owns three hotels in the Romanian spa resort Sovata, plans to invest EUR 4 million in the Faget hotel to reclassify it from two stars to a three-star rating, according to ...

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Economic

Tuesday, October 3, 2017

Infrastructure: CFR signs 8 million lei contract for feasibility study on Bucharest-Giurgiu section
Switzerland pays for feasibility study for metro line in Bucharest
Air Canada to operate direct flights from Bucharest to Montreal and Toronto starting June 2018
Trade: Romanian beer market up by over 2 pct in the first seven months of the year
Real Estate: Wizmo.ro and RE/MAX Grup de Lux Analysis: Almost 90% of Bucharest office spaces are for rent
Zacaria develops the first private industrial park in Craiova
Cars: New car sales grew by 11.6% in first 8 months. Five times more second hand cars (APIA)
Lancia and Chrysler in top of expensive automobile registrations in first 8 months
Tourism: Balneary tourism grew by 18-20% this year
Mastercard study: Bucharest is the European city with the highest growth of tourists’ number
Hungarian group invests EUR 4 mln in Faget hotel in Sovata, Romania
Approximately 30 pct of Romanians working abroad have planned a holiday în Romania at the beginning of September
Romania has drawn a quarter of the European funds for tourism investments
Agriculture: Visan (MADR): Wheat, rape, pea and barley crops, the highest in country’s history
Secretary of state: Irrigated farming land trebled when state offered free water
Gov't approved payments to help farmers worth approx. 1.8 billion euros
Telecom.IT: Orange Romania launches 'Orange Love' multi-play packages for families