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Real Estate: Prices of apartments in Romania, down 4.2% in three months
Tuesday, July 14, 2020
The average prices of apartments in Romania decreased in June for the third month in a row. Still, the monthly decline eased to 1.1% from 1.4% in May and 1.7% in April. The cumulative decline in the three months thus reached 4.2%, according to the data compiled by local property marketplace Imobiliare.ro based on the asking prices. The average price for apartments in Romania (including old and new apartments) reached EUR 1,333 ...
Eurostat: Romania, among the EU countries with the largest increases in house prices, in the first quarter
Tuesday, July 14, 2020
House prices and rents in the EU-27 have followed very different paths since 2007. While rents increased steadily throughout the period up to the first quarter of 2020, house prices have fluctuated significantly. After an initial sharp decline following the financial crisis, house prices remained more or less stable between 2009 and 2014. Then there was a rapid rise in early 2015, since when house prices have increased at a much faster pace than ...
Globalworth has leased over 25,000 square meters during the pandemic
Tuesday, July 14, 2020
The Globalworth’s portfolio in Romania has been consolidated by the prolongation and/or the extending of the lease contracts for a period of 3 – 11 years with key partners such as Adecco, Cegedim, Clinicile ?i Laboratoarele Sfânta Maria, Mazars, and one of the most important banks in the system that has rented the Globalworth building on the Exhibition Boulevard. In the context of social distancing, the need to increase the existing ...
Bosch inaugurated new office building of its Engineering Center in Cluj
Tuesday, July 14, 2020
Bosch, a leading global supplier of technology and services, officially inaugurated the new office building of the Bosch Engineering Center Cluj. Construction work started in March 2018 and were completed in December 2019. The overall investment in this time was 30 million euros. The new facility covers a total built area of 17,000 square metres and more than 10,000 square metres of modern, custom-made office spaces ...
Infrastructure: An association of two companies will draw up the feasibility study for the Express Road Constanta-Tulcea
Tuesday, July 14, 2020
Egis Romania will draw up the feasibility study for the Express Road Constanta-Tulcea, the value of the contract being 17.845 million lei without VAT, informs the National Company for Administration of the Road Infrastructure (CNAIR).‘Friday, 10th July 2020, CNAIR signed the contract for services with the objective Feasability Study and Technical Draft for Execution for Express Road Constanta-Tulcea’ with the winner of the public bid. Association ...
Wizz Air to fly from Bucharest to Palma de Mallorca starting August
Tuesday, July 14, 2020
Hungarian group Wizz Air, one of the biggest low-cost airlines in Europe, will fly from Bucharest to the Spanish resort of Palma de Mallorca beginning August 9. The airline will offer two weekly flights on this route. Tickets for this destination can already be booked at prices starting at RON 119 (EUR 24.5). Palma de Mallorca is the capital and largest city of the Balearic Islands in Spain. It is located ...
Commissioner Valean: Speeding up motorway construction in Romania mainly depends on national authorities
Tuesday, July 14, 2020
Speeding up the construction of motorways in Romania depends mainly on the Romanian authorities, European Commissioner for Transport Adina Valean told an online debate on last Thursday, emphasizing that financing sources have always been available."We are never out of plans, it is important that they meet the deadlines and that everything goes as planned. I say this because speeding up the construction of motorways in Romania depends mainly on the Romanian ...
Romania says restrictive provisions in Mobility Package I final version to affect EU road transport
Tuesday, July 14, 2020
The Romanian authorities, through the Ministry of Transport, Infrastructure and Communications (MTIC) and the Ministry of Foreign Affairs (MAE), consider that the provisions of a "restrictive" and "disproportionate" character, included in the final version of the Mobility Package I adopted by the European Parliament on Wednesday and whose "negative" implications have previously been reported repeatedly by the Romanian authorities, "will affect" the functioning of the internal ...
Cars: New car sales in Romania down 28% in June
Tuesday, July 14, 2020
New car registrations in Romania didn't recover in June when they decreased by 27.8% compared to June 2019, not far from the 30.7% overall decline in the first half of the year. In absolute terms, 10,161 new cars were sold in June and 49,616 in the first half of the year, according to the Association of Romanian Car Manufacturers (ACAROM). The sales of local producer Dacia dropped by 31.8% year-on-year to 14,572 units in ...
IntMin Vela: All car dealers, makers to be allowed to register cars directly
Tuesday, July 14, 2020
Minister of Internal Affairs Marcel Vela said on Friday that all car dealers, including producers, will be able to directly register the new owners' vehicles through a simple document."Today [Friday], I will sign the Order of the Minister of Internal Affairs by which the registration of vehicles can be done in a more efficient and simpler way, so that citizens are no longer put in a situation where they lose time, stand in line in congested areas, especially ...
Renault - Romania's EV market leader in H1
Tuesday, July 14, 2020
Carmaker Renault is Romania's market leader on the segment of electric vehicles, with a share of 44 percent in the first six months of the year, shows company data.Against the background of a 27 percent increase in domestic sales of 100 percent electric cars, Renault announces that its Zoe model has sold 225 units in H1 2020, twice the number registered between January - June 2019."Despite the delicate market context in the first half of the year, ...
Healthcare: First batches of Antibiotice Iasi-produced Covid-19 drugs supplied to the US and UK
Tuesday, July 14, 2020
Romanian drug manufacturer Antibiotice Iasi delivered in early July the first supplies of two injectable anti-infective drugs used in the treatment of Covid-19 to hospitals in the UK and the US, the company said in a release on Thursday.With a dwindling activity on the Romanian hospital and pharmacy market, Antibiotice Iasi identifies medicines usage opportunities by bidding in international tenders organised, for instance, in the US and the UK, against the ...
Tourism : Arrivals in tourist accommodation units, 96.9 pct decrease in May; 3.8 pct were foreign tourists
Tuesday, July 7, 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 96.9 %, while the overnight stays decreased by 97.0% in May 2020. Compared to May 2019, in May 2020 customs registered a decrease in the arrivals of foreign visitors of 81.5% and a decrease of 83.9% in the departures abroad of the ...
New Ibis Hotel near the future terminal 2 of Henri Coanda International Airport
Tuesday, July 7, 2020
Accor has signed a management agreement with Alexandra Residence Design to open 144-room ibis hotel by the end of 2022. The newly signed hotel will be located near the future Terminal 2 of Henri Coanda International Airport, the largest airport in Bucharest and in the country. Est Hospitality Consulting is the consultant of the project until its official opening while Cumulus Architecture is responsible for the design. On June 24th a management ...
Rebuilding travel: 5 measures that will allow you to travel (almost) for free
Tuesday, July 7, 2020
Highlights from the measures adopted in different parts of the world: Local authorities are paying for extra accommodation and offer free entrance to museums and archeological sites (Sicily, Italy) Beach resorts are offering free beach access and amenities (Bulgaria) Italy, Japan, UK might pay their citizens to spend holidays inside the ...
Gov't, HORECA representatives to jointly establish health protection rules to be applied in restaurants
Tuesday, July 7, 2020
Representatives of the Government and those in the HORECA industry will establish, within a joint group, a set of health protection rules to be applied in restaurants, in the perspective of resuming their activity, when the epidemiological evolution allows it."The representatives of the Government and those from the HORECA industry will work, within a common group, a set of sanitary protection rules, to be applied in the service units - restaurants - in the ...
Agriculture : EBRD and EIB make €12.5 million of new funds available to Romanian farmers
Tuesday, July 7, 2020
EIB with EFSI support and EBRD providing new financing of €7.5 million and €5 million respectively to Agricover Credit IFN Romania’s leading financier of agriculture expanding farmers’ access to finance Loans will help local producers overcome impact of coronavirus ...
Measure on support for young farmers to be launched on July 15
Tuesday, July 7, 2020
The measure on support for young farmers through the National Rural Development Program 2014 - 2020 (PNDR 2020) will be launched on July 15, with an allocation of 43 million euros, of which 20 million euro for those applying from the diaspora, Minister of Agriculture and Rural Development Adrian Oros said in a press conference on last Thursday."The support for the installation of young farmers, a measure that will be launched on July 15, until October 15, will ...
Drought in Romania affects 34,647 farmers, 1.168 million hectares
Tuesday, July 7, 2020
Minister of Agriculture and Rural Development Adrian Oros announced that 34,647 farmers, who own 1.168 million hectares of crops established last autumn, have reported losses due to extreme drought, and compensations will be paid to agricultural producers in early September."A synthesis of the reports drawn up by those who worked in the emergency management boards has been completed and today we have official figures. A number of 34,647 farmers have been affected, ...
Statistics: Increase in 2019 poultry slaughter numbers, downward trend for all other slaughter animals
Tuesday, July 7, 2020
Slaughter numbers for cattle, pigs, sheep and goats in industrial units (slaughterhouses) followed a downward trend in 2019 compared to the year before, while the chicken meat production was on the rise, shows data released by the National Institute of Statistics (INS).With 196,037 cattle slaughtered in abattoirs last year, carcass weight was 43,536 tons, while the meat supply from the 3,921,418 pigs slaughtered in 2019 stood at 342,575 tons.The number ...