RSS
Economic
Real estate: Real estate investment market in Romania, the least affected by sanitary crisis
Tuesday, November 10, 2020
The real estate investment market in Romania is the least affected by the sanitary crisis, performing better in the first three quarters of the year than in the entire 2019, with a total investment volume of over 738 million euros, a specialized study shows. According to the mentioned source, crisis effects will not be substantially reflected in the real estate investment market at least until the end of the ...
Impact Developer & Contractor started the construction of Greenfield Plaza
Tuesday, November 10, 2020
Impact Developer & Contractor started the construction works at the fourth phase of development of the Greenfield Baneasa residential compound. This will include Impact's first commercial project, Greenfield Plaza, with 7,258 sqm of space for trade and services and 1,184 sqm of office ...
Trade: Romania, the seventh beer market in Europe
Tuesday, November 10, 2020
The beer market volume in 2019 maintained at the level of the previous year, with a slight growth of 0.4% in volume, reaching 16.7 million hl, according to data of the Beer Makers Association in Romania, which shows that Romania is the seventh beer market in Europe, having a national character since 97% of the beer consumed in Romania is producer locally and 50% of ingredients are local. Association ...
Agriculture: Slaughters in sheep, goats, poultry - up in September
Tuesday, November 10, 2020
• In September 2020, compared to August 2020, the slaughtering increased for pigs and poultry and decreased for cattle and sheep and goats; the carcass weight increased for pigs, sheep and goats and poultry and decreased for cattle. • Compared to September 2019, the slaughtering increased for sheep and goats and poultry and decreased for cattle and pigs; the carcass weight increased for pigs and sheep and ...
Infrastructure: Blue Air announces direct flights between Bucharest Otopeni and Paris Charles de Gaulle, as of December 1
Tuesday, November 10, 2020
All Blue Air flights operated on the route Bucharest - Paris will have Charles de Gaulle as their destination airport, starting with December 18, 2020, the company announced on Friday.Thus, Blue Air will transfer to Charles de Gaulle the flights previously operated at Beauvais Airport, offering three weekly flights during the 20/21 winter schedule. Ticket prices start at 29.99 euros/segment, taxes included.Starting with December 18, Blue ...
Financing contract for metro Line 6 project, signed; its value - over 6.3bn lei
Tuesday, November 10, 2020
The Ministry of Transport, Infrastructure and Communications and Metrorex have signed the financing contract for the project "Connection of the metro network with Henri Coanda Airport - Otopeni (1 Mai - Otopeni Line 6)", amounting to 6.334 billion lei.According to a Metrorex release, the project of Line 6 will ensure the connection of the Bucharest metro network with the Henri Coanda - Otopeni International Airport.The metro Line 6 will have a ...
Metro line project: North railway station - Progresul station, at estimated cost of 8.5 billion lei
Tuesday, November 10, 2020
Feasibility study for the construction of the M4 metro line Straulesti Lake - Progresul Station, section Bucharest North railway station - Progresul Station, will be discussed, on Thursday, in a meeting of the Interministerial Council for endorsement of public works of national interest and housing and the Ministry of Public Works, Development and Administration (MLPDA).According to a press release from MLPDA, the objective will have a route of 11.94 km, with 13 ...
Healthcare: Cantacuzino Institute working to roll out Polidin-type polybacterial immunomodulator, flu vaccine
Tuesday, November 10, 2020
A Polidin-type polybacterial immunomodulator and a flu vaccine are being developed at the 'Cantacuzino' National Institute for Medical-Military Research and Development, the institution's director, medical Colonel Florin Oancea told a press conference on Tuesday.Oancea said that the flu vaccine is being tested on 200,000 embryonated eggs and that plans are afoot to turn this line of development into an experimental area of strategic ...
Cars: Number of new vehicle registrations drops in Romania by 28 pct in first ten months
Tuesday, November 10, 2020
The registrations of new vehicles dropped in Romania by nearly 28 pct in the first ten months of the current year, compared to the similar interval of 2019, shows the data of the Directorate for Driving Licenses and Vehicle Registration (DRPCIV), analyzed by the Automotive Producers' and Importers' Association (APIA).According to an APIA release, in October of the current year there were, at the national level 14,077 registrations of new vehicles (cars and ...
New passenger vehicle registrations drop 20.3 pct in Q3 from year-ago levels
Tuesday, November 10, 2020
New registrations of passenger vehicles were 20.3 percent down in Q3 compared to the third quarter of 2019, shows data released on Wednesday by the National Institute of Statistics (INS).The YoY advance for new registrations of mopeds and motorcycles was 14.9 percent, while car registrations plunged 21.2 percent and bus and minibus registrations fell 3.9 percent.In terms of new registrations of new passenger vehicles, there was a 60 percent ...
Tourism : Arrivals in tourist reception facilities, down 39.5%, in September
Tuesday, November 10, 2020
- Compared to the corresponding month of the previous year, the arrivals in the establishments of tourists’ reception with functions of tourists’ accommodation decreased by 39.5%, while the overnight stays decreased by 36.9% in September 2020. - Compared to September 2019, in September 2020 customs registered a decrease in the arrivals of foreign visitors of 66.2 % and a decrease of 60.1% in the departures abroad of the ...
Tourism : Route of Wooden Churches in Romania, launched by Economy Ministry
Tuesday, November 3, 2020
The Route of Wooden Churches in Romania, one of the 49 Cultural Tourist Routes in Romania that benefit from the recognition of the Ministry of Economy, Energy and Business Environment (MEEMA), was officially launched on Tuesday, within the event tilted "The protection and cultural-tourist valorisation of the Wooden Church historical monument from Valea Crisului (Cris Valley), Bihor", informs the relevant ministry.The Route of Wooden Churches in Romania ...
Infrasructure : EU Funds for the first section of Moldova motorway
Tuesday, November 3, 2020
The European Commission has Okayed the major infrastructure road project “Bypass of Bacau”, with a total value of RON 968.781 million, Transport minister Lucian Bode has announced. The Transport minister has applied for these funds allotted through the Big Infrastructure Operational Programme 2014-2020 on November 22, 2019. According to the Transport ...
Bucharest Airports Company completed 4% of planned investments in 2018 and 11% in 2019
Tuesday, November 3, 2020
Bucharest Airports National Company completed only 4% of investments planned for 2018 and 11% of those planned for 2019, according to a report of the Prime Minister's Control Corps (PMCC). The report, posted on the government website, focused on the period between January 1, 2018 to the present day and was intended to check the observance of the law about the conclusion and completion of purchase contracts and other aspects considered ...
25% of 2.6 billion euros absorbed by transport infrastructure authorized in last 11 months
Tuesday, November 3, 2020
A quarter of the 2.6 billion euros absorbed until now within the Large Infrastructure Operational Program (650 million euros) has been authorized for payment in the last 11 months, said Lucian Bode, the minister of transports after meeting Marcel Bolos, the minister for European funds. According to the minister, 3.7 billion lei were paid for major road and railway projects after 9 months,in 2020, ...
Trade: 5% of Romanians have started online Christmas shopping spree
Tuesday, November 3, 2020
Romanians will increase their shopping budget this year by 3%, while 5% of them have already started buying Christmas gifts in October, a study made by an online magazine shows. “Women stole the start and have already begun shopping for presents. 32% of the women interviewed say they have started holiday shopping, while only 9% of men did the same thing. While most men and women say they are still ...
Real Estate: Impact Developer & Contractor starts the construction works on the first 209 Boreal Plus apartments in Constanta
Tuesday, November 3, 2020
Impact Developer & Contractor, the only real estate developer in Romania listed on the Bucharest Stock Exchange, started the works on the first 3 blocks of Boreal Plus residential compound in the north of Constanta. The enterprise contract worth 9.5 million Euros was concluded with the construction company Premium Invest Concept. The initiative of the company, to sell part (16,806 sq m) of the land ...
CBRE: small and medium sized retail parks to drive Romanian market’s expansion
Tuesday, November 3, 2020
The 172,000 square meters added this year to the stock of modern retail space in Romania consisted of large-sized projects initiated last year. Still, investors have turned cautious in the meantime, and an appetite for small and medium sized projects is already visible, according to the quarterly report of the real estate consultancy firm CBRE. The retail space stock in Romania reached 3.94 million ...
SVN Romania Report: 8% more housing units to be delivered in Bucharest this year
Tuesday, November 3, 2020
The residential market in the Bucharest metropolitan area is expected to rise by 8% to a new record of 16,000 new housing units this year, according to a report of the real estate consultancy firm SVN Romania. Meanwhile, over 9,000 new apartments and villas are under different development stages, with delivery dates announced for 2021, according to SVN Romania. The ...
Cars: 8.56% sales increases for ecological cars in Romania in last 9 months
Tuesday, November 3, 2020
Sales of ecological cars grew by 8,56% in Romania, in the last 9 months, compared to the same period of 2019 and reached 5,389 units, according to data of the Association of Car Manufacturers and Importers (APIA). In this growth margin, the share of new electric and hybrid car share in the market of local cars was 6.4% on September 30, 2020, over the same period of 2019, when it was ...