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Economic
Infrastructure: TransMin Bode: 700kms of motorways, 300kms of expressways likely to be completed by 2024
Tuesday, October 20, 2020
Romania could have 700 kilometres of new motorways and 300 kilometres of expressways in the next four years, given the sections being worked on and those for which a start work order will be issued soon, Transport Minister Lucian Bode told RoInvest virtual conference on Thursday.He was asked how many kilometres of motorways will be completed in the next four years."We have important projects underway and we believe that 700 kilometres of ...
Real estate: Office rental volume reaches 57,000 sq.m in Romania, in quarter 3
Tuesday, October 20, 2020
The office rental market in Romania cumulated 56,730 sq.m. in quarter 3 getting close to the same period of 2019, according to an analysis made by a real estate consulting company.According to analysts , the 56,730 sq.m existing in the office rental market represents about 88% of the total recorded in the third quarter of 2019. “For more than half of these areas, tenants prefer to remain in the ...
STUDY: Specialists estimate a price drop between 5 and 10% for apartments
Tuesday, October 20, 2020
Specialists estimate an average correction between 5 and 10% of the price of apartments in Romania, according to their location. For the rental segment, 28% of people interviewed in the study about the Covid 19 impact in the real estate market estimate drops that both in the rural and urban environment, according to RE/MAX Romania, part of the number 1 real estate and franchise group at global level in this ...
Trade: e-coomerce kept economy open and moving throughout the pandemic
Tuesday, October 20, 2020
e-commerce held economy open and moving throughout the pandemic, said Florinel Chis, the CEO of the Romanian Association of Online Stores (ARMO), estimates being on the rise by at least 30% at the end of the year. Eastern Europe marks the most important evolution on the continent, of about 27%, while Romania exceeds the average , estimates growing by at least 30% until the end ...
Tourism: STUDY: Romanians, the main foreign tourists on Bulgarian sea coast in 2020
Tuesday, October 20, 2020
Bulgaria was assaulted by Romanians this summer, as they were the main foreign tourists on the Bulgarian sea coast, with a share of 40% of total. Over 216,000 Romanians went to Bulgaria for their holidays in the first 8 months of the year, which is 20% of the number of foreign tourists, of whom 110,190 in August, according to a study made by Travel Planner, based on statistic data sent by the National Statistic Institute of ...
Over 4.2 million euros returned to customers affected by flight cancellations this year
Tuesday, October 20, 2020
Over 4.2 million euros were paid back to customers affected by flight cancellations this year, together with various solutions to recover that amount, according to statistics made by an online travel agency in Romania. According to Vola.ro, about 95% of flights booked by their customers were canceled during the emergency state, 41,739 customers being affected by changes. Of them, 71% already received ...
Infrastructure: Blue Air celebrated the launch of the first direct low cost service between Bucharest to Amsterdam
Tuesday, October 13, 2020
Starting with October 9, 2020, Blue Air connects Bucharest with Amsterdam and with the whole world, providing its passengers with daily services to and from this key destination, at prices starting from 29 euro / segment. The welcome event organized at Schiphol Airport was attended by Marcel Lekkerkerk Marketing Director Route & Business Development Royal Schiphol Group, and Krassimir Tanev, Chief Commercial Officer Blue ...
Real Estate: CBRE takes over the property management of Ethos House Boutique Building in Floreasca
Tuesday, October 13, 2020
CBRE real estate consultancy agency was appointed to provide property management services for the Ethos House office building, located in Floreasca, in the north of the capital city. Ethos House is a boutique building, known for its remarkable architecture, which turned the project into one of the most “instagramable” places in Bucharest. With a leasable area of about 8,000 sq m, Ethos House ...
The volume of modern industrial and logistic space to top 5 ml sqm by year-end
Tuesday, October 13, 2020
Romania's modern industrial and logistic space will top 5 million sqm by the end of this year, shows the most recent exCEEding Borders report by Colliers International.As of H1 2020 this type of property hit 4.72 million sqm, up 5 percent compared to the same period in 2019, and accounts for over 9 percent of the stock of the largest 17 Central and Eastern European markets.It is estimated that in the first six months of 2020 developers delivered ...
Agriculture : Over 1mln ha of corn, sunflower affected by drought
Tuesday, October 13, 2020
Minister of Agriculture and Rural Development Adrian Oros said on Monday evening that over one million hectares of corn and sunflower have been affected by the extreme and strong pedological drought this year, but solutions are being sought to compensate the farmers who sowed in the spring."If we refer to this year's harvest, it was very, very drastically affected by the extreme and severe pedological drought, which affected the production of grains sown last ...
Romania's agri-food trade deficit at 968.2 million euros in H1 2020
Tuesday, October 13, 2020
Romania was running an agri-food trade deficit of 968.2 million euros in H1 2020, down 11 percent from the 1.087 billion euro deficit registered a year ago, shows data centralized by the Ministry of Agriculture And Rural Development (MADR).Romania's trade balance with the EU in the first six months of the year was at a negative 1.74 billion euros, but registered a surplus of 781.4 million euros with non-EU countries.Exports increased by 12.4 percent in ...
Romania's corn grain exports at almost 3.4 ml tons in H1 2020
Tuesday, October 13, 2020
Romania's corn grain exports to EU and non-EU countries in H1 2020 amounted to 3.377 million tons, up by over 28 percent YoY, shows data provided by the Ministry of Agriculture and Rural Development (MADR).These exports brought 665.45 million euros in revenues, 25.3 percent more compared to 531 million euros for 2.63 million tons of corn grain sold abroad in the year-ago period.Corn tops deliveries to foreign markets in Romania's agri-food trade ...
Romania imports pork worth 292 million euro in H1
Tuesday, October 13, 2020
Romania imported pork worth 292.2 million euro, in the first six months of this year, an increase of 17 pct over the similar period of 2019, according to data centralized by the Ministry of Agriculture and Rural Development (MADR).The quantity of pork brought to Romania in the first quarter of this year - fresh, refrigerated or frozen - was by 5 pct smaller than that imported in the first quarter of last year, namely 122,961.12 tons.In the ...
Romania receives over 507 million euros in H1 2020 wheat, meslin export revenues
Tuesday, October 13, 2020
Romania exported 2.55 million tonnes of wheat and meslin in the first half of 2020 to the countries inside and outside the EU, up by almost 13% on H1 2019, according data with the Ministry of Agriculture and Rural Development (MADR).The value of wheat and meslin exports, between January 1 and June 30, 2020, advanced 12.8% to 507.63 million euros. In the first half of 2019, 2.258 million tonnes of wheat and meslin were exported worth 450.089 million ...
Tourism : Mercure Timisoara, the first Romanian hotel and fourth in Europe with BREEAM OUTSTANDING certification
Tuesday, October 13, 2020
Accor has announced the opening of Mercure Timisoara, its first hotel in the Western city of Romania. With an unrivalled location, close to the city’s historical and business center, the hotel offers 60 rooms, a rooftop penthouse, a Winestone restaurant with terrace and a bar. The hotel marks several premieres that positions it as the new standard in hospitality, not just in Romania, but across Europe. Mercure Timisoara is the first ...
The future of tourism in the Danube Delta – 4* floating hotels
Tuesday, October 13, 2020
Flotel (floating hotel) is the newest trend in sustainable tourism and has the potential to become the new standard for tourism in the Danube Delta. GLO Marine, a Romanian naval architecture company, proposes two concepts of 4 * floating hotels for tour operators in the Danube Delta or other water areas in Romania. The hotels are approximately 40m long and 9.5m wide and can accommodate up to 28 passengers and a permanent crew of 4 people. ...
Healthcare: PONDERAS ACADEMIC HOSPITAL is the first multidisciplinary hospital in Romania with JCI accreditation
Tuesday, October 13, 2020
PONDERAS ACADEMIC HOSPITAL, part of REGINA MARIA Healthcare Network, is the first and only multidisciplinary hospital in Romania to obtain JCI international recognition for the safety and quality of medical care. JCI is the most prestigious and thorough international accreditation and 240 quality standards have been evaluated to obtain it. With this accreditation, PONDERAS ACADEMIC HOSPITAL becomes the only hospital in Romania with 7 international accreditations: 1 from JCI ...
FinMin Citu: We will contract 250-million euros loan from EIB for Iasi Emergency Hospital
Tuesday, October 13, 2020
The Executive on Thursday approved, at the government meeting, a memorandum regarding the contracting of a 250 million euro loan from the European Investment Bank (EIB), for the Iasi Regional Emergency Hospital, informed the Minister of Finance, Florin Citu, at the end of the government meeting."A memorandum has been approved by which a loan of 250 million euros is contracted from the EIB to support the investment objective of the Iasi Regional Emergency ...
Romania must make urgent reserve stocks of medicine
Tuesday, October 13, 2020
The Association of Industrial Producers of Medicine (PRIMER) stated that Romania must begin to urgently build a reserve stock of medicine in order to successfully get over the cold season which will also see the new wave of SARS-CoV-2 infections.PRIMER drew attention that, in order to "cross the next six months, which are critical", European countries are starting to make substantial stocks of medicine for colds and the flu, of emergency injectable products used ...
Healthcare : Eurostat: Romania has more pharmacists than Germany, but far fewer physiotherapists
Tuesday, October 6, 2020
In Romania there were 90 practicing pharmacists per 100,000 inhabitants, in 2018, a number similar to that in Great Britain and higher than that registered in countries such as Poland (77), Austria (72) and Germany (66), according to data published by Eurostat. Instead, Romania is on the last place in the EU when it comes to the number of physiotherapists, in 2018 being only 10 physiotherapists per ...