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Real Estate: In Romania, CTP to expand its industrial parks by 200,000 sqm in 2019
Tuesday, April 23, 2019
Logistic and industrial park developer CTP has exceeded 1 million sqm in leasable surface in Romania and continues its expansion, planning to add another 200,000 sqm to its local portfolio, economica.net reports. In 2018, the developer delivered over 300,000 sqm of logistic spaces and reached 50 ...
Healthcare: World Class to open its first health & fitness club in Bra?ov
Tuesday, April 23, 2019
World Class announces a strategic expansion to a new major city with World Class Afi Brasov. Starting in 2020, the largest health & fitness network in Romania will cover 7 metropolitan areas: Bucharest, Iasi, Timisoara, Cluj, Brasov, Constanta and Ploiesti, with over 40 health & fitness centers, 85,000 members and a team of more than 700 health and fitness experts. “Our presence in Brasov, voted in 2018 as the best Romanian city to live ...
Cars: Motor vehicles and motorcycles trade turnover up 5 pct in January-February
Tuesday, April 23, 2019
Motor vehicles and motorcycles trade turnover increased by 5 per cent in the first two months of the year 2019 against the same period in 2018, while turnover for market services provided to the population advanced by 16.5 per cent, according to data published on Monday by the National Institute of Statistics (INS).Thus, in the said interval, the turnover of retail, maintenance and repair of motor vehicles and motorcycles, gross series, increased by 5 per cent, ...
Romania's new automotive sales up 6.3 pct in Q1
Tuesday, April 23, 2019
Romania's new automotive sales were up 6.3 pct in Q1 2019 compared to the same period last year, standing at 38,253 units, the Association of Automotive Manufacturers and Importers (APIA) said in release on Tuesday.The market analysis shows that domestic sales are further mainly supported by legal entities that account for 72 pct of the total car purchases in the first three months of 2019.Romania's flagship car maker Dacia tops the brand ranking (cars ...
Telecom. IT: Bitdefender: Romania, most affected worldwide by the computer threat of the moment
Tuesday, April 23, 2019
Bitdefender IT Security Specialists have discovered an aggressive computer threat that hides on the infected device and has access to all personal data. Called Scranos, the threat is rapidly spreading globally, with extremely intense activity in Romania, India, Brazil, France, Italy and Indonesia. Scranos infects the user’s device both through legally apparent applications, such as e-readers, video players, drivers, or even security solutions, as ...
Romania to cap prices of calls to EEA countries as from May 15
Tuesday, April 23, 2019
Fixed and mobile calls made from Romania to any country within the European Economic Area (the EU countries, plus Norway, Iceland and Liechtenstein) will not exceed 0.19 euro (excluding VAT) per minute, or 0.06 euro for a text message starting May 15, 2019, Romania's National Communications Regulation and Administration Authority (ANCOM) reported on Monday.The reasons behind the caps are found in Regulation (EU) 2018/1971 of the European Parliament and of the ...
Agriculture: The quantity of cow’s milk collected by processing units in February 2019
Tuesday, April 16, 2019
The quantity of cow’s milk collected by processing units from agricultural holdings and collection centres in February 2019 decreased by 5.1% compared to January 2019 and was up 7.2% from February 2018. The quantity of cow’s milk collected by processing units from agricultural holdings and collection centres in the 1.I-28.II.2019 period rose by 6.4% compared to the 1.I-28.II.2018 period. ...
Infrastructure: TAROM inaugurates direct Bucharest-Erevan flight and resumes Bucharest-Cairo flight
Tuesday, April 16, 2019
TAROM company inaugurated the Bucharest- Erevan flight and resumes Bucharest-Cairo flight, TAROM spokesperson informs. Bucharest Cairo and Bucharest-Erevan flights are operated with two frequencies a week, on Wednesday and Sunday and Wednesday and Friday. For a round trip between Bucharest and Cairo, prices start from 193 euro. The price includes hand luggage, cargo luggage up to 23 kg and all fees, catering services ...
New terminal to be built at Henri Coanda airport
Tuesday, April 16, 2019
Henri Coanda Airport (Otopeni) will complete all the expropriations for a new terminal this year, and the works will start next year, said Dragoa Titea, State Secretary at the Ministry of Transport, present at Aviation Day conference. Asked by journalists what measures are taken to reduce airline delays, he replied: “Even though studies show that delays have increased, I can tell you that there has been a lot of investment in Romanian airports, ...
Litigations delay infrastructure projects by 311 months since 2017
Tuesday, April 16, 2019
The litigations tabled on the infrastructure projects since 2017 until now have delayed the works by 311 months, on last Wednesday night said Transport Minister Razvan Cuc at Digi 24 private TV broadcaster."I had a huge problem and in fact this problem was the issue of all ministers, although they never admitted to it. This problem related to the litigations. I asked Mr. Neaga [Narcis Neaga, managing director of the National Road Infrastructure Administration ...
Real Estate: Eurostat: House prices up by 5.3% in 2018 in Romania
Tuesday, April 16, 2019
The prices of houses grew by 5.3% in Q4 2018 against the same quarter the previous year and by 0.8% against the previous quarter, Eurostat, statistical office of the European Union informs. House prices, as measured by the House Price Index, rose by 4.2%inboththe euro area and the EU in the fourth quarter of 2018 compared with the same quarter of the previous year. Compared with the third quarter of 2018, house prices rose by 0.7% in the euro ...
Retail stock in Bucharest is higher than in Transylvania and twice higher than in Moldova
Tuesday, April 16, 2019
The modern retail stock in Bucharest remained stable in 2018, at 1.2 million square meters, a level which is 7% higher than in the Central-West region of the country (16 counties in Transylvania and Banat areas), which reached 1.18 million square meters, and twice the corresponding value of the Moldova region (eight counties), which reached 595,000 square meters, according to the Bucharest Retail Market and Romania Retail Regional Cities reports released by the Cushman & ...
Tourism : Hospitality industry is worth 3bn euro, with over 50,000 staff shortage
Tuesday, April 16, 2019
The value of the hospitality industry in Romania amounts to 3 billion euro, but the staff shortage in the field exceeds the figure of 50,000 people, Dragos Petrescu, President of the Romanian Hotels and Restaurant Employers Organization (HORA), said on Wednesday in a conference dedicated to the hospitality industry."The data from 2017 shows a turnover of over 13 billion lei in the hospitality industry, by 15pct higher than in 2016. In 2017 there were 36,000 ...
Trade: Romania's beer market grows 3pct in 2018
Tuesday, April 16, 2019
The beer market in Romania grew by 3pct in 2018 compared to the previous year, reaching a volume of 16.6 million hectoliters, while the alcohol-free beer segment recorded a 30pct leap, according to the data presented on Tuesday in a press conference by the representatives of the Romanian Brewers Association.In the previous year, beer consumption per capita was 85 liters, while, depending on the type of preferred packaging, consumers mostly chose beer in PET ...
Telecom. IT: Microsoft report: Romania registers average malware attack rate of 7.46%, over European average
Tuesday, April 16, 2019
Romania reached a 7.646% malware attack rate in 2018, 2.13% higher than the average European rate, according tot eh 24th edition of Microsoft Security Intelligence (SIR), released on Wednesday. According to the study, Romania exceeds the Czech Republic (3.44%), Hungary (6.21%) and Bulgaria (7.20%) at this chapter. In the top of countries with a higher malware attach rate we find Serbia w9th 8.13% average, exceeding the European average by ...
Cars: Over 146,000 new and second hand cars registered in Q1, 2019
Tuesday, April 16, 2019
The number of new and second hand cars registered in Romania in the first quarter of the year reached 146,144 units, on the drop by 2.10% compared to the same period of 2018. according to DRPCIV statistics. Of overall registrations at national level, 35,836 were new cars, on the rise by 35.11% reported to the reference period, while 110,308 are second hand cars, on the drop by 8.57%. According to statistics, Over ...
Automobile market in Romania will grow by 15% in 2019
Tuesday, April 16, 2019
The local automobile market will grow this year by 15% compared to 2018, while the adoption degree of hybrid cars will continue to be high, when it exceeds the European average, said Edit Tarcolea, general manager at Toyota Romania. According to data presented on Thursday by representatives of the exclusive importers of Toyota and Lexus cars, more than half of total sales of the Japanese constructors in Romania (57%), reported in 2018 were hybrid ...
Infrastructure : EUR 2 billion approved by EU Commission for investment in Romania’s transport infrastructure
Tuesday, April 9, 2019
The EU Cohesion Policy approved investments of EUR 4 billion of EU funds in 25 large infrastructure projects in 10 member states, of which almost EUR 2 billion in Romania for the transport infrastructure. The investment package adopted today by the Commission involves Bulgaria, Czechia, Germany, Greece, Hungary, Italy, Malta, Poland, Portugal and Romania. The projects cover a wide range of areas: health, transport, research, environment and energy. With national co-financing, the ...
Telecom. IT : Digitization in Romania is very low despite its 11 million internet users
Tuesday, April 9, 2019
Digitization in Romania is low despite the advance in IT services and software development. According to Cert-RO, there are 11 million internet users in Romania – more than half of the entire population – but the country ranks at the bottom of the Digitization Index, according to Catalin Arama, the general manager of the National Center for Response to Cyber Security Incidents (Cert-RO). “Talking about digitization, we can say that this is a one way process. We, in ...
Real Estate: Timisoara office market: medium-sized companies relocate from class B to class A offices
Tuesday, April 9, 2019
The office market in Timisoara witnesses a new trend: the relocation of companies from class B spaces to class A and the increase in attractiveness of modern office projects for firms with less than 50 employees. Thus, Vox Technology Park office project leased 1,600 square meters to several IT, technology and service companies, all deals have been closed in 2019. ”As the office market in Timisoara continued to develop and the modern office stock increased significantly, ...