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Buyers' own funds - financing source for 69 pct of post-emergency property purchases
Tuesday, December 8, 2020
Funding for roughly 69 percent of the real estate transactions concluded from June 2020 to date came from the buyers' own resources and only 31 percent were financed from loans, found a RE/MAX survey conducted based on its nationwide network intermediation deals.The typical real estate buyers in the reporting period were individuals or families with pre-approved loans or liquidity, who sought larger homes. Single-family homes are currently the most attractive ...
The occupancy costs of office spaces represent 3-4 pct. of the turnover of services companies in Bucharest
Tuesday, December 8, 2020
The occupancy costs of office spaces represent, on average, between 3 and 4 percent of the turnover of services companies in Bucharest, and they may fall even below 2 percent, in some cases, according to an analysis of the real estate consultancy company Cushman & Wakefield Echinox. The analysis takes into account the results from 2019 achieved by companies in various fields, such as software development, advertising ...
Cars: New car registrations in Romania, down 25.3% in first 11 months
Tuesday, December 8, 2020
The number of new car registrations in Romania decreased by 25.3% in the first 11 months of the year, compared to the same period in 2019, while in the used segment the decline was 15%, at comparative level, according to an analysis of the Association of Automobile Makers and Importers (APIA), based on the statistics of the Driving Licences and Vehicle Registration Directorate (DRPCIV).According to the data centralized by APIA, between January and November 2020, ...
Healthcare: First batch of OROSTIM-HV immunomodulatory product, launched by Cantacuzino Institute
Tuesday, December 8, 2020
The Cantacuzino Institute is launching the OROSTIM-HV immunomodulatory product, which will be available for purchase starting December 2, at the retail point of the Institute on Splaiul Independentei 103, the National Defence Ministry (MApN) informs.A press conference on the launch of the first batch of the product will take place at the Cantacuzino National Military - Medical Institute for Research - Development. Prime Minister Ludovic Orban and National Defence ...
Real Estate: Rental income increases 5.7% in Q1-3 2020, FFO 1 10.1% over previous year
Tuesday, December 1, 2020
IMMOFINANZ recorded an increase in rental income and in the results of asset management and property sales during the first three quarters of 2020 despite the Covid-19 crisis. FFO 1 (before tax) was only slightly lower than the previous year at EUR 89.2 million. After an adjustment for the straight-lining of a bond coupon payment in Q1 2020 over 12 months, FFO 1 improved by 10.1% to EUR 92.4 million. The capital measures carried out in ...
Trade: Retailers, pharmaceutical chains reportedly fined in Romania for selling non-compliant masks
Tuesday, December 1, 2020
Some of the largest retailers and pharmacy chains in Romania are on the list of companies fined for selling non-compliant masks, according to a report of the National Authority for Consumer Protection (ANPC) obtained by ...
Healthcare: Health minister: half of the protective face masks on sale are of no use against COVID-19
Tuesday, December 1, 2020
Half of the face masks sold as personal protective equipment in Romania offer no protection against COVID-19, economy minister Virgil Popescu said on Wednesday, November ...
Bosch Romania opens medical center for own employees
Tuesday, December 1, 2020
German group Bosch, a global leader in technology and services with over 8,000 employees in Romania, has opened a medical center for its employees in Blaj, in the central part of the country, where it concentrates a large part of its local workforce. The Bosch production unit in Blaj is one of the few Bosch plants in the world that offers such benefits to its employees."In close collaboration with our institutional ...
Tourism : PM Orban promises more aid to HoReCa
Tuesday, December 1, 2020
In a meeting with representatives of the HoReCa sector, Romanian prime minister Ludovic Orban said he favored extending the technical unemployment benefits to the firms subject to operating restrictions due to the pandemic for another six months (by ...
Holiday voucher validity extended to end of 2021
Tuesday, December 1, 2020
The validity of holiday vouchers granted in 2019 and 2020 was extended to December 31, 2021, according to a document approved by the Executive on Friday. “Holiday vouchers granted in this period which could not be used because of restrictions imposed by health restrictions can be used until the end of 2021, especially since we expect pandemic effects to cease in the first quarter of ...
Telecom. IT: ANCOM: We are prapred to launch a tender for spectrum frequencies for 5G technology
Tuesday, December 1, 2020
The National Authority for Management and Regulation in Communications (ANCOM) is ready to launch a tender for spectrum frequencies for 5G technology, but until the launch it must be established with the other decision makers what are the starting prices for each frequency block, Cristin Popa, head of the Monitoring and Control Department within the authority said on Wednesday.He also stated that the transposition of the Memorandum with the United States of ...
Infrastructure: Henri Coanda Airport gets Airport Council International health accreditation
Tuesday, December 1, 2020
Henri Coanda International Airport Bucharest (AIHCB) received the health and safety accreditation from the Airport Council International – ACI World, the National Airport Company Bucharest (CNAB) informs. “This accreditation represents an important step in maintaining passenger confidence and that of airport employees (ours or of other entities – air or handling companies, state ...
Blue Air to operate daily flights from Bucharest Otopeni to London Heathrow starting December 1
Tuesday, December 1, 2020
Blue Air is adding two flights a week, operating seven weekly services during the winter holidays and until the end of March 2021 to meet the growing demand for the route Bucharest Otopeni - London Heathrow, the company announced on Tuesday.According to a press release, ticket prices start at 29.99 euros/segment, with taxes included."As of December 1, 2020, Blue Air will operate daily flights on the route Bucharest Otopeni - London Heathrow. Blue ...
Cars: Automobile market in Romania had highest European increase in October
Tuesday, December 1, 2020
The European automobile market dropped in October, due to restrictions adopted to limit the spreading of coronavirus, but Romania was the country where sales recorded the highest increase rate, according to figures published on Wednesday by the Association of European Automobile Manufacturers (AEAM), AFP informs. According to the source, 1.129 million cars were registered in October 2020 in the European ...
Motorcycle market in Romania grew by 23% in first ten months of 2020
Tuesday, December 1, 2020
The motorcycle market in Romania recorded a 22.8% increase in the first ten months of the year, compared to 2019 data, the APIA statistic released on Monday shows. According to it, the motorcycle segment had a registration increase of 9.3%, while ATV grew by 46%, compared to last year. On the other hand, the scooter category went down by 9%. APIA analysis shows that ...
Healthcare: First integrated transplant centre in Romania and South-Eastern Europe to open in Cluj-Napoca
Tuesday, November 24, 2020
An integrated transplant centre, the first in Romania and South-Eastern Europe, is to be set up in the Romanian northeastern city of Cluj-Napoca on an investment of approximately 90 million euros."Cluj County Council Chair, Mr Alin Tise, signed on Wednesday, November 18, 2020, a design contract for one of the most important medical investment projects ever carried out in Romania: the Integrated Transplant Centre in Cluj. (...) Signing the contract, worth ...
Govt. approved legal framework for telemedicine
Tuesday, November 24, 2020
Romania's Health Ministry has approved the legislation for telemedicine - defined as the offering of remote consultations, by phone or online - by adding the relevant provisions to the Law 95/2006 on healthcare reform.Telemedicine, temporarily allowed during the pandemic, hasn't been officially regulated in Romania so far. The list of medical specialties and medical services that may be subject to ...
Regina Maria Health Network launches online store for medical services
Tuesday, November 24, 2020
Regina Maria, the second-biggest provider of private medical services in Romania, has launched the first online store dedicated to medical services on the local market. The platform is dedicated to employees in companies that have contracts with Regina Maria and allows them to buy medical service packages for their family members or upgrade the packages provided by their ...
Drug sales decline in Romania amid COVID-19 pandemic
Tuesday, November 24, 2020
Despite the 9.3% rise in the volume of OTC drugs purchased by Romanians from pharmacies in the 12 months ended September 2020 compared to the previous 12-month period, the overall consumption of medicines decreased by 2.1% in volume terms and by 4% in value terms over the period. Romanians purchased 614 million boxes of medicines between October 2019 and September 2020, down 2.1% compared to the same ...
Agriculture: KeysFin: Agriculture to shrink by 15% this year
Tuesday, November 24, 2020
The turnover of Romanian agriculture companies will decrease by about 15% in the current year, according to KeysFin specialists' estimates.The drought and the lack of infrastructure investments may have led to decreases in the turnover of the companies that operate in agriculture, from almost RON 46 billion (EUR 10 bln) in 2019 to some RON 39 bln (EUR 8 bln) in 2020. "This is the first year when the ...