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Analysis: Large, furnished apartments and villas most in demand for rentals in H1
Tuesday, September 18, 2018
Most rental demands for premium housing were registered for 3 room apartments, a third of total transactions in the centre-northern area in Bucharest in the first semester of 2018, most tenants being foreigners (over 80%). Luxury tenants are looking for large housing units, completely furnished, in premium areas, while students are looking for small, cheap, one or two-room apartments, according to an analysis made by ...
Infrastructure: Cluj-Napoca 'Avram Iancu' Airport hits 2 million passengers milestone
Tuesday, September 11, 2018
Cluj city's international airport "Avram Iancu" festively celebrated having reached the mark of 2,000,000 passengers a year; the airline hub targets a 7-ml strong traffic by 2030.In 2018 we hit the 2-million passengers mark together with Tarom, our traditional partner that celebrates its 64th anniversary on September 18; for 64 years now the Cluj International Airport has been working together with Tarom. We have major development plans, as we estimate reaching a traffic of about ...
Eurostat: Romania is among top spenders on transport in the EU, but has the poorest infrastructure
Tuesday, September 11, 2018
Romania is the fifth largest spender on transport among the 28 European Union member states, but with poor results, being seen as the country with the poorest infrastructure in the EU, Eurostat data show quoted by http://business-review.eu. In 2016, Romania’s government spent 3.1 percent of the gross domestic product (GDP) on transport, the fifth highest percentage in the EU, after Luxembourg (3.7 percent), Hungary (3.5 percent), the Czech Republic (3.5 percent), and Slovakia ...
NGO: Government’s PPP solution for Bucharest-Brasov highway is a disaster
Tuesday, September 11, 2018
The Pro Infrastructura Association wrote a post on Facebook on Monday criticizing the public-private-partnership project approved last week by the Dancila government for the A3 Bucharest-Ploiesti-Brasov highway, saying that it represents an “imminent Regina Maria takes over 4 Hiperdia centers in a transaction imposed by Competition Councildisaster” due to the route crossing through the middle of Prahova river and across the tourist resorts on the Prahova Valley, ...
Trade: 60 pct of Romanian employees shop online during work hours
Tuesday, September 11, 2018
Almost 6 out of 10 Romanian employees admit they shop online during their work hours at least once a month, and most of them (52 percent) say they allocate an average of 30 minutes for each shopping session, according to a survey by HR platform BestJobs cited by http://business-review.eu. There are also employees who take a break from their job roles to shop online more often than once a week (7 percent) or even daily (almost 2 percent), and in some cases ...
Vegetables, fruit imports worth EUR 691 M Jan into May, exports park at EUR 57.6 M
Tuesday, September 11, 2018
Imports of vegetables and fruit of Romania have totalled January into May EUR 691 M, by 6.5 pct higher as compared to the similar period of 2017, according to data centralised at the National Statistics Institute (INS). Exports saw EUR 57.6 M, up 5.4 pct against the same period of 2017, thus resulting a EUR 633.3 M in deficit. From 1 January to 31 May 2018, the FOB exports exceeded EUR 28.092 billion and grew by 8.8 pct as compared to same period of 2017. ...
The retail turnover advanced 6.4pct in Jan.-July, 2018
Tuesday, September 11, 2018
Compared to the previous month, in July 2018 the retail turnover volume (excluding the trade with motor vehicles and motorcycles) increased as gross series by 5.4% and decreased as adjusted series according to the number of working days and to seasonality by 0.9%. Compared to the corresponding month of the previous year, the retail turnover volume (excluding the trade with motor vehicles and motorcycles) increased both as gross series by 5.3% and ...
Cars: DRPCIV : August new car registrations see more than twofold YoY increase
Tuesday, September 11, 2018
New car registrations this August stood at 28,546 - by 137.9 percent higher than the 12,001 registered in August 2017, shows data released by the Driving Licenses and Vehicle Registration Department (DRPCIV).According to the cited source, Jan - August car registrations hit 103,824, up 51.9 percent from the same period of 2017. As far as car registrations are concerned, this August was an exceptional month in other EU states too, as numbers in Spain were up 48 ...
Real Estate: Wallberg Properties invests EUR 62 mln in a new residential project in Timisoara
Tuesday, September 11, 2018
Valentin Morar’s Wallberg Properties prepares a major investment in Timisoara, the XCity Towers project with 955 apartments. Construction work began this summer and will last for several years, being organized in two stages. Wallberg has already obtained the building permit for Tower 1, with a 15-storey height scheme. XCity Towers project will total 955 apartments in 8 buildings with G + 15 and P + 10 levels in two development stages. The total ...
Global Trade Center increases its office rental income in Bucharest and plans for new expansion
Tuesday, September 11, 2018
The real estate developer Global Trade Center (GTC), owner of four office buildings in Bucharest, reported a rental income of EUR 8.6 million in Romania in the first half of the year, an increase by 12 percent. Revenues in Romania cover 11 percent of those at group level amounted to EUR 77 million. GTC’s portfolio in Romania includes City Gate office buildings in Piata Presei, Cascade Office Building, Premium Plaza and Premium Point Plaza ...
Atenor to start new office project on Expozitiei Blvd. at the beginning of next year
Tuesday, September 11, 2018
Belgian real estate developer Atenor intends to start the development of an office project on Expozitiei Blvd. in early 2019, according to its last market report, if it receives the construction approval this autumn, http://business-review.eu informs. The office project in Expozitiei will be built on an 11,500 sqm land plot and will comprise 46,900 sqm of office space. The Belgian group will also develop an ...
Bucharest office market’s vacancy rate up to 8 pct, a 9-year low
Tuesday, September 11, 2018
The vacancy rate in Bucharest’s office market has reached a historic minimum for the past 9 years, standing at 8 percent, while the modern office space stock reached 2.79 million sqm, according to CBRE consultants quoted by http://business-review.eu. In S1 2018, 149,000 sqm were traded, and in terms of deliveries, the first part of the year recorded a relatively slow pace, with 28,000 sqm completed and put into use, but the agency’s estimates for the second half of the ...
Healthcare: Competition Council starts probing into the market of non-prescription medicines and food supplements
Tuesday, September 11, 2018
The Competition Council has launched an investigation into the production and sale of non-prescription medicines and of food supplements, romaniajournal.ro reports. The inspectors will probe into the structural conditions of the markets, the existing contracts in this sector, while also conducting a detailed analysis of the enforceable legislative framework. If malfunctions which affect the competition environment are identified, the Council will propose amendments or revision of the ...
Tourism : The tourists’ overnight stays in the establishments of tourists’ reception, up 3.8pct between January-July 2018
Tuesday, September 11, 2018
• Compared to the corresponding month of the previous year, the arrivals in the establishments of tourists’ reception with functions of tourists’ accommodation increased by 2.8 %, while the overnight stays increased by 2.9% in July 2018. • Compared to July 2017, in July 2018 customs registered an increase in the arrivals of foreign visitors of 7.0 % and an increase of 8.3% in the departures abroad of the Romanian visitors. Over 6.858 ...
Romanians spend around EUR 700 on summer vacations abroad
Tuesday, September 11, 2018
According to Vola.ro and Revolut data, between June and August 2018, the number of Romanians who choose to spend their summer vacations abroad is increasing from year to year, http://business-review.eu reads. Vola.ro registered over 100,000 air tickets sold to destinations abroad this summer. Vola.ro’s travel options coincide with the destinations where Revolut users spent the ...
Government decides to maintain holiday vouchers worth 1,450 lei, in 2019
Tuesday, September 11, 2018
Prime Minister Viorica Dancila announced on Wednesday that the Government has decided to maintain in 2019 the holiday vouchers worth 1,450 lei."I established at the Government level to keep this highly appreciated measure, by both the public sector employees, as well as by those in the tourism sector. I mean we intend to keep in 2019 the holiday vouchers worth 1,450 lei. We have made this decision considering both the economic benefits, as well as the social ones", Dancila ...
Infrastructure : Transport Ministry signs contract of about 230 million lei to upgrade Constanta port infrastructure
Tuesday, September 4, 2018
Transport Minister Lucian Sova and Director General of the Constanta National Maritime Port Administration (CNAPM) Nicolae Dan Tivilichi signed a funding contract involving European funds worth almost 230 million lei for upgrading the Constanta port infrastructure, at the company's main offices on Friday.The value of the investment project "Modernising port infrastructure by deepening the navigable parts and basins and enhancing safety of navigation in the Port of ...
Statistics: Flight passenger number up 7.5 pct in H1
Tuesday, September 4, 2018
The number of air passengers in H1 2018 was in excess of 9.94 million, up 7.5 pct from the same period of the year before, shows data centralized by the National Institute of Statistics (INS).The airports with the highest share of carried passengers are Bucharest's Henri Coanda with over 3,203 ml boardings and 3,126 million off-boardings; Cluj-Napoca - 661,600 boardings and 635,400 off-boardings; and Timisoara's Traian Vuia airport with 357,400 boardings and ...
New passenger terminal to be built at Henri Coanda Airport
Tuesday, September 4, 2018
The government approved on last Wednesday technical and economic indicators for a strategic infrastructure development programmme for the Henri Coanda International Airport, under which a new passenger terminal is being built."The programme provides for investment in developing the infrastructure of the Henri Coanda International Airport and consists mainly of the construction of a new passenger terminal capable of accommodating existing and projected passenger ...
Gov't approved background study on Ploiesti-Comarnic-Brasov motorway segment
Tuesday, September 4, 2018
The government approved a background study for the construction and operation of the Ploiesti - Comarnic - Brasov motorway segment and the operation of the Bucharest - Ploiesti motorway, Prime Minister Viorica Dancila said Wednesday."Today we approve a background study on the construction and operation of the Ploiesti - Comarnic - Brasov motorway segment, as well as the operation of the Bucharest - Ploiesti motorway. The study was drafted in accordance with the ...