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Colliers: Number of residential properties sold in Bucharest in first quarter of 2024, 18% higher
Tuesday, April 30, 2024
The residential market has started 2024 strongly, with the first quarter ending with an 18% increase in the number of residential transactions in Bucharest compared to the same period last year, according to Colliers data. In the rest of the country, however, demand in the residential market has seen an even higher increase of 19%. Buying intentions remain high, Colliers consultants note, explaining that the easing of the financial markets will boost housing demand. In ...
Cars: Vehicles made in Romania are in demand in over 60 markets worldwide
Tuesday, April 30, 2024
The vehicles made in Romania are in demand on all markets where they are on sale, over 60 markets in the world, so that 2024 could end on the plus, with a new record, stated Adrian Sandu, general secretary and member in the Managing Council of the Romanian Automobile Manufacturers Association (ACAROM).According to him, in 2023 there was a growth of production, a new record of the automobile industry in Romania, with 513,000 units."And ...
Infrastructure: Road freight transport lost EUR 2.55 billion in 2023 due to delays at borders
Tuesday, April 30, 2024
Romania's road freight transport industry lost EUR 2.55 billion in 2023 due to delays at borders, from EUR 2.41 billion in 2022, Radu Dinescu, secretary general of the National Union of Romania's Road Hauliers (UNTRR) told a specialist conference on Monday."According to our estimates, last year we lost EUR 2.55 billion as a road freight transport industry, as against EUR 2.41 billion in 2022. In March 2011, Romania had the earliest occasion to integrate with the Schengen ...
Delta Dunarii Int'l Airport of Tulcea brought to Schengen standards, with 180 million RON financing
Tuesday, April 30, 2024
The EU funds' 180 million RON upgrading works of the Delta Dunarii / Danube Delta airport in eastern Tulcea were completed in the spring, with it being brought up to Schengen standards, under the coordination of a Bucharest builder, a press release from Concelex sent on last Thursday, informs.The expansion and modernization of the airport were completed in 18 months, to which two more months were added for the design part, by the association of the companies Concelex SRL ...
TransportMin: EU funds for infrastructure, fully absorbed in 2014-2020
Tuesday, April 30, 2024
All the European money available for improving infrastructure in Romania has been absorbed in the 2014-2020 financial year, Transport Minister Sorin Grindeanu said in Tulcea on Wednesday.He participated in the handover of the modernisation works of the "Delta Dunarii" International Airport.The government official announced that the investments carried out in Tulcea, Timisoara and Iasi will be followed by the one in Cluj."We had EUR 4.5 billion for ...
Tourism : The majority of the Romanians want to travel in the country over the next four months
Tuesday, April 23, 2024
The majority of the Romanians (68%)want to travel in the country over the next four months but their preferences as regards favourite destinations have changed, and the mountain destinations are, at present, favourite, according to the Travelminit.ro survey on the issue of travelling intentions of the Romanians.The data of the booking platform show that 40% of the Romanians want a stay in the mountains, 21% of them choose seaside ...
Oenological tourism, small steps forward in Vrancea, county with largest vineyard area in Romania
Tuesday, April 23, 2024
Eastern Vrancea County has more than 26,000 hectares of vineyards, 10% of Romania's vineyard area, from which more than 100 million litres of wine are produced annually, but wine tourism in the area is underdeveloped compared to other vineyard surface areas of the country.The potential of this type of tourism has been perceived, however, by entrepreneurs in the wine industry who, gradually, have begun in recent years to develop accommodation or tasting rooms ...
Infrastructure: HiSky can now begin the operation of regular flights to Canada
Tuesday, April 23, 2024
The Romanian airline HiSky has obtained the foreign air carrier license from the Canadian Transportation Agency, granting it permission to operate regular flights. This makes Canada the second North American country, after the United States, to authorize HiSky to establish regular routes on its territory, following a comprehensive verification process. HiSky thus becomes the only company in Romania taking steps towards launching flights to Canada, while also owning the ...
EIB: €600 million for Romania-Moldova motorway
Tuesday, April 23, 2024
A €600 million funding package will help pay for the new Ploiesti-Pascani Motorway, https://www.worldhighways.com/ informs. This funding is being provided through the European Investment Bank (EIB). The 319km motorway will ...
Telecom. IT: Romania has an estimated 1 bn internet-connected smart devices
Tuesday, April 23, 2024
Approximately 127 new smart devices in the world are getting connected to the internet every second, and Romania has around one billion already connected terminals, shows data presented on Wednesday by the director of the National Cyber Security Directorate (DNSC) Dan Cimpean."If we also add all the platforms, all the systems managed by institutions, we get a rather complex and somewhat worrying global picture. Obviously, digital technologies come with a lot ...
Cars: Important drops of electric car registrations in March: market share dropped to 7.4%
Tuesday, April 23, 2024
March 2024 brought important drops of new car registrations in Romania, a trend that also included electric cars, whose number was reduced by 35.9% against the same period of 2023, according to statistics released by the Association of Car Manufacturers and Importers (APIA). On the overall, in that time span, there was a 22% frop of new car registrations, compared to March 2023 and of 17.4% against ...
National passenger car production up by 7.1 pct in first three months of year
Tuesday, April 23, 2024
The national production of cars increased in the first three months of this year by 7.1%, to 152,912 units, compared to the same period in 2023, according to data published Wednesday by the Romanian Association of Automobile Manufacturers (ACAROM).According to the cited source, in March 2024, 53,696 cars were produced in Romania, down 3.12% compared to the same period last year, when 55,428 units were recorded.Out of the total number of cars ...
Trade: Analysis: eCommerce Market: Slow but steady growth
Tuesday, April 23, 2024
An analysis conducted by MerchantPro – a local SaaS platform for e-Commerce solutions – based on data recorded by online stores active on the platform, indicates a smooth but stable increase in sales in the first quarter of the year by 5.4% compared to the same period last year. This indicates a slowdown in the growth rate in eCommerce, but maintains a positive and sustained ...
Packeta Romania Survey: The main challenges for Romanian online stores when selling internationally
Tuesday, April 23, 2024
Logistics and transportation costs are the major challenges faced by Romanian online stores when selling products abroad, according to the latest survey by Packeta Romania, a digital platform for e-commerce. Therefore, support in optimizing the supply chain and reducing costs associated with international shipping is crucial. The survey, the first of its kind conducted by Packeta ...
Agriculture: Autumn wheat crop affected by drought in Moldova, Dobrogea, Oltenia and Muntenia and locally in Transylvania
Tuesday, April 23, 2024
The autumn wheat crop is affected by moderate and severe soil drought in Moldova, Dobrogea, Oltenia and Muntenia, as well as locally in eastern and southern Transylvania, according to an analysis by the National Meteorological Administration (ANM). In contrast, soil moisture reserves are within satisfactory and close to optimal limits in Maramures, Crisana and Banat, most of Transylvania, locally in ...
Timis county tops Romania in arable land area
Tuesday, April 23, 2024
According to a CBRE Romania analysis, Timis county stands out as a vital centre of Romanian agriculture, ranking first in agricultural area with 693.034 hectares and second in organically cultivated land area. Additionally, the county in western Romania is attracting significant and growing interest from investors, representing 5% of the total agricultural land transactions nationwide in ...
Real Estate: Real estate sales in Bucharest 16% higher in March 2024 than March 2023
Tuesday, April 23, 2024
The trend of the real estate market in Bucharest will continue to grow for property sales, especially for new, well located ones, as sales grew by 15.8% in March 2024, compared to the same period of 2023, according to North Bucharest Investments company. “According to data supplied by the National Agency for Cadastre and Real Estate Advertising (ANCPI), March marked a plus in the real estate ...
Real Estate: The stock of modern retail spaces in Romania will exceed 4.5 million square meters in 2024
Tuesday, April 16, 2024
By the end of 2024 the stock of modern retail spaces will overpass 4.5 mln. sq. m setting a new record for Romania. Circa 186,000 sq. m could be added to country’s modern retail stock if taking into consideration under-construction projects. The popularity of the specialized format is noticed in the forecast developments, claiming 95% of the future new supply and when looking exclusively at the under-construction units, retail ...
Total office leasing activity in Bucharest, 71% higher at Q1 end compared to the same period last year
Tuesday, April 16, 2024
* 41% of total office take-up was recorded in the Dimitrie Pompeiu area in Q1 2024 in Bucharest. The office market remains fluid and flexible. Two distinct trends have emerged in 2023: securing entry into prime new locations and optimising the portfolio through best value negotiations, all driven by a market with limited deliveries. After the first 3 months of this year, the office sector in Bucharest shows a positive fluctuation in terms of ...
Tourism : Non-resident tourists coming for business purposes have spent over 730 million RON in Q4 2023
Tuesday, April 16, 2024
Non-resident tourists arriving in Romania for business purposes in the last quarter of 2023 spent 730.5 million RON, according to data centralized by the National Institute of Statistics.So, among the non-resident tourists who arrived in Romania during the mentioned period, 47% traveled for business purposes, their expenses representing 55.5% of the total ...