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Blue Air to take final decision on its Boeing 737 MAX order only after crash investigation
Tuesday, March 19, 2019
Blue Air, the largest Romanian airline, will take a decision on its order for 12 Boeing 737 MAX 8 jets only after an investigation into a fatal crash of one of the planes in Ethiopia, CEO Marius Puiu told Reuters. Puiu said his company was “monitoring the situation very carefully.” “We trust the world-wide precautionary suspension of flights, a decision that puts civil aviation transport safety first,” ...
Real estate: Real estate market to register new commercial property stock in 2019, 37% more than last year
Tuesday, March 19, 2019
The real estate market will register the delivery of a new stock of commercial properties (retail, offices, industrial) in 2019, about two million square meters, on the rise by 37% compared to last year, according to the annual market report. Real estate analysts anticipate that the market will continue its positive evolution of 2018. Important increases of the modern stock, significant demand volumes, the drop of unoccupied ratios and the growing ...
Modern stock of logistic and industrial areas in Romania reached 3.8 million square meters in 2018
Tuesday, March 19, 2019
The modern stock of logistic and industrial areas in Romania reached last year 3.8 million sq.m, 81% of which is class A and 70% is found in properties close to regional cities, according to data published by CBR real estate consulting company. The unoccupied rate reached 3.7%, on the background of big demand, of the small area available in projects completed and the large number of pre-renting contracts signed for areas in construction, according to ...
Romanian real estate market, in the sight of Asian investors
Tuesday, March 19, 2019
Major Asian investors, like groups from China and South Korea, have set eyes on the local real estate market, exploring the potential to invest directly in the primary commercial markets. It is feasible that the first transaction could occur by the end of this year, according to Cushman & Wakefield Echinox consultants. The local market is currently undergoing a maturing process, which also involves the diversification of investment capital, ...
Trade: Victoria’s Secret to open store at Baneasa Shopping City
Tuesday, March 19, 2019
Victoria’s Secret will open a store in Romania in Baneasa Shopping City in the last quarter of this year, where the entire range of branded products will be traded. Baneasa Shopping City announces that the opening of Victoria’s Secret’s first store in Romania is scheduled for the last quarter of this year, digi24.ro informs. The store will have an area of over 500 square meters and will be located on the ...
Telecom.IT: Romania is 5th in the world for Internet speed in 2018
Tuesday, March 19, 2019
Romania ranked 5th in the world in 2018 for Internet speed, after Singapore, Sweden, Denmark and Norway, a thing which also attracted besides benefits, cyber risks, said Gabriel Mazilu, former deputy director of Cyberint National Center, within SRI, at a specialized forum. “Although the field of cyber security was set up in 2008, in Romania, on the occasion of NATO Summit in Bucharest, in 2010 this country started setting up cyber security ...
Real Esatate: OTP Bank Romania: the volume of financing for real estate projects, almost double in 2018
Tuesday, March 12, 2019
In 2018, OTP Bank Romania recorded a significant increase in the volume of corporate finance in real estate sector by 43.8%, compared to 2017. The evolution was due to the increased appetite of real estate developers, especially for office buildings, which resulted in an increased demand for financing in the real estate industry. The financing granted by OTP Bank Romania in 2018 was for residential projects, office buildings (development of new ...
GLL Real Estate Partners puts up for sale EUR 110 mln office building in Bucharest
Tuesday, March 12, 2019
German asset management company GLL Real Estate Partners has put up for sale the Floreasca Park office project located on Pipera road near the intersection with Barbu Vacarescu boulevard, according to data from the real estate market, quoted ...
Statistics: Approximately 60,000 dwellings completed in Romania, in 2018, 60 pct of the total in urban environment
Tuesday, March 12, 2019
Almost 60,000 of new dwellings were completed in Romania in 2018, a growth by 6,424 dwellings against the previous year, according to the provisional data released by the National Institute of Statistics (INS) on Friday.By area of residence, the official statistics shows that, out of the total 59,725 completed dwellings, there is a growth in the weight of completed dwellings in the urban environment (from 54.9 per cent in 2017 to 58.4 per cent in 2018), but also a ...
Globalworth starts construction of the Globalworth Square office building
Tuesday, March 12, 2019
Globalworth office investor in Romania and Poland, has started construction of the Globalworth Square office building. Located in the Barbu V?c?rescu area of the New Business District in Bucharest, between Globalworth Plaza and Green Court, the project will have a total leasable area of approximately 28,000 sqm, spanning 14 floors of office space and three underground floors for parking, while the ground floor will include facilities such as a restaurant and various retail ...
Cars: Dacia posts 17 pct growth on German market in February
Tuesday, March 12, 2019
Dacia continues to improve its performance in Germany, Europe’s largest auto market. In February, the Romanian carmaker registered almost 6,000 cars in Germany and exceeded 12,000 in the first two months of the year combined, according to profit.ro. Not all brands in Germany recorded growth at the beginning of this year, but Dacia gained 17 percent in February, with a total of 5,849 units registered. The company remains in the top 20 of the ...
More than 45% of Romanian cars are older than 15 years
Tuesday, March 12, 2019
There are 6.4 million cars registered in Romania, of which less than 550,000 are under five years old while over 3 million are over 15 years old, according to the car registrations and driving licenses registry DRPCIV data. In two years, the share of cars older than ten years has increased from 71% to 79%, ...
Infrastructure : Record traffic in 2018 Romanian airports: passenger numbers up 7.9 pct to 21.8 mln due to international flights
Tuesday, March 12, 2019
The 16 airports in Romania have posted a 7.9 percent increase in passenger numbers last year up to 21.8 million, an all-time high due to international flights, while domestic passenger traffic slightly increased, according to figures released by the National Institute of Statistics (INS). Total passenger numbers on the Romanian airports have increased from 20.22 million in 2017 to 21.82 million in 2018. International passenger ...
Porr Construct to build first section of Pitesti-Sibiu motorway
Tuesday, March 12, 2019
Romanian transport minister Razvan Cuc announced on March 6, at Campia Turzii, that Austrian company Porr Construct won the auction for the first 13 kilometers of the Sibiu-Pitesti motorway, namely the Sibiu-Boita segment. The state company in charge of infrastructure projects - CNAIR confirmed that Porr won the tender with a financial offer of EUR 129 million, VAT not included, or EUR 9.7 million per ...
Healthcare: Market of medicines without prescription, food supplements and medical care devices grew by 14.4% in 2018
Tuesday, March 5, 2019
The market of OTC products in Romania, which includes medicines without medical prescription, food supplements and medical devices for personal care, recorded an increase of 14.4% in 2018, compared to the previous year, according to the Romanian Association RASCI. The overall value of this market segment was 3.552 billion lei in 2018, from 3.104 billion lei, recorded in 2017. In the last quarter if 2018, the total value of the ...
Tourism: 38% more tourists went on cruises in 2018
Tuesday, March 5, 2019
Croaziere.net travel agency announced that last year they recorded an increase by 37.5% of the number of tourists who went on cruises, to 11,000, while prices dropped in the last years. The agency recorded 8,000 passengers in 2017, by direct and indirect sales, while in 2008 they had 11,000 Romanian passengers (37.5% increase). The price of a cruise can start from 300 euro per person, a package including all meals, cabin accommodation, parties and ...
The tourism up 5pct in January 2019
Tuesday, March 5, 2019
Compared to the corresponding month of the previous year, the arrivals in the establishments of tourists’ reception with functions of tourists’ accommodation increased by 5.0 %, while the overnight stays increased by 8.2% in January 2019. Compared to January 2018, in January 2019 customs registered an increase in the arrivals of foreign visitors of 5.1 % and an increase of 4.6% in the departures abroad ...
Cars: Romanians buying more new cars in 2019; Domestic brands record strong growth
Tuesday, March 5, 2019
Statistics released by the Automotive Manufacturers and Importers Association (APIA) on new car sales show a 21.6 percent growth of the auto market in Romania at the beginning of 2019 compared to the previous year, http://business-review.eu informs. In January 2019, 8,832 cars were sold locally, with 2,406 cars from domestic brands Dacia and Ford (a 49.5 percent growth compared to January 2018) and 6,426 import ...
ACEA:Romania’s car production exceeds Hungary and Poland’s in 2018, ranks eighth in EU
Tuesday, March 5, 2019
Romania ranked eighth last year in the European Union for car production, having exceeded Hungary and Poland, but remained far below Slovakia and the Czech Republic, according to a report by ACEA. The report shows that most of the cars imported by the EU come from Japan and Turkey, while the US and China are the main export destinations. For buses and commercial vehicle, Turkey is the main country where the EU exports. The ACEA ...
Telecom. IT: 5G technology familiar to 34% of Romanians
Tuesday, March 5, 2019
Over a third of Romanians (34%) heard about 5G technology, while about a quarter (22%) know about Internet of Things (IoT), according to a study made by the National Authority for Administration and Ruling in Communications (ANCOM). In this context, 4% of people own intelligent objects which can be connected, the typical IoT user in Romania being a young person with college degrees, high incomes and living in the urban ...