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The new registrations of road vehicles in the second quarter of 2018
Tuesday, August 14, 2018
The new registrations of road vehicles for passenger transport decreased by 1.5% in the second quarter of 2018 compared to the second quarter of 2017. In the same period, the new registrations of vehicles for goods transport increased ...
Retail business with motor vehicles and motorcycles up by 9 percent in first six months
Tuesday, August 14, 2018
The turnover of trade, maintenance and repairing of motor vehicles and motorcycles, raw series, went up by 9 pct during the first 6 months of this year, due to growth increased in the trade of motorcycles, components and accessories, motorcycle maintenance and repair (22.4 pct), vehicle trade (17.4 pct) and activities that came from the commerce of components and parts for motor vehicles (2.7 pct), according to the data published Monday by the National Institute of Statistics ...
Real Estate: C&W Echinox study: Retail deliveries will return to a positive trend in H2 2018
Tuesday, August 14, 2018
Retail deliveries will return to a positive trend in the second half of 2018, when at least 90,000 square meters will be delivered in four cities, with no openings scheduled for Bucharest, according to H1 Romania Retail MarketBeat, conducted by the Cushman & Wakefield Echinox real estate consultancy firm, romaniajournal.ro reads. In H1 2018, new spaces of 14,000 square meters in total were delivered via the openings of Bistrita Retail Park and ...
Romanian university city with the biggest rent hike in the past year
Tuesday, August 14, 2018
The most significant annual increases of rents were recorded in Cluj Napoca, which exceeds Capital in terms of average rent levels, http://business-review.eu reads. In Bucharest, on the other hand, price variations were significantly more moderate, rents of two- and three-room dwellings are similar to those in 2017. But all the prices align themselves to the closing of the university year. In the university ...
44,430 real estate transactions recorded in Romania, in July
Tuesday, August 14, 2018
The number of real estate transactions, nationwide, dropped by 17 percent during the month of July 2018, as opposed to the similar period of 2017, to 44,430, according to the data of the National Cadastre and Property Advertising Agency (ANCPI).The most real estate sales that were recorded during the month of July 2018 were in Bucharest - 6,815, Ilfov County - 3,285 and Timis County - 2,712. The counties with the least real estate sales in the same period of ...
Cluj-Napoca, Timisoara and Constanta - largest regional residential markets in Romania
Tuesday, August 14, 2018
Cluj-Napoca, Timisoara and Constanta are the largest residential residential markets in Romania, the classification being completed by Sibiu, Iasi and Brasov, according to a relevant survey sent on Monday.Constanta became in 2017 the third-largest regional residential market in Romania, where more than 3,000 dwellings are finished annually.The seaside city thus joins the city of Cluj-Napoca (5,403 dwellings finalised), the largest residential market ...
Agriculture: Over 12 million cubic metres of wood, harvested last year from national forest fund
Tuesday, August 14, 2018
The volume of wood harvested last year from the state's forest national fund amounted to 12.284 million cubic metres, according to data centralised by the National Institute of Statistics (INS). In 2017, 18.316 million cubic metres of wood were harvested, by 1.118 million cm more than in 2016, of which 67.1 pct from the national forest fund, the rest being harvested from private property forests (27.6 pct) and from the forest vegetation on land outside the ...
Infrastructure: Analysis : Railways in Romania face unprecedented challenges
Tuesday, August 14, 2018
The railway transport system in Romania is facing unprecedented challenges, in the context of applying the Fourth Railway Package by mid June 2019. If the package is not efficiently managed in the years to come, competition risks to be massively lost at European level, as it will be almost impossible to compete in the new conditions against present and new future players in the market, very powerful from the economic point of view, according to experts in the field of railway ...
New Wizz Air route from Craiova to Brussels
Tuesday, August 14, 2018
Wizz Air, one of Europe’s fastest growing airlines and the largest low cost carrier in CEE, has announced further expansion of its network footprint across Europe with 11 new routes, from 17 cities in 13 countries, romaniajournal.ro informs. Among the new routes, there is also the one Craiova, southern Romania, to Brussels, Belgium (Charelroi airport). The new flight will be operated every Tuesday and Saturday, starting September 15. Services can ...
Commissioner Corina Cretu announces the approval of EUR 59m for river transport in Romania
Tuesday, August 14, 2018
European Commissioner for Regional Policy, Corina Cretu, has announced on Tuesday the approval of EUR 59 million for the river transportation in Romania, for the modernisation of the sluice-gates on the canals Danube-Black Sea and Midia N?vodari-Poarta Alb?, romaniajournal.ro informs. “EUR 59 million out of the Cohesion Fund will be invested in the modernisation of the sluice-gates on the canals Danube-Black Sea and Midia Navodari-Poarta Alba. ...
Tourism: Tourism Ministry announces joint routes between Romania and Poland to attract Asian tourists
Tuesday, August 14, 2018
Witold Banka, the Polish Minister of Sport and Tourism recently declared in Bucharest that a work group will be set up to identify joint tourist offers with Romania. “One of the most important aspects in bilateral collaboration is tourism. We talked with minister Trif about joint regulations specific of the two countries, about offers in the field of tourism and possibilities of bilateral cooperation. The next step will be setting up a work group ...
Telecom.IT : Romania has the fastest mobile internet in Europe, says Google
Tuesday, August 14, 2018
A study published by Google shows that web pages have the fastest loading times on mobile devices in Romania and Germany, both with an average speed of 8.1 seconds, http://business-review.eu informs. However, this loading time is much slower than the timeframe recommended by Google, of just 3 seconds. According to the research, page loading speed is a critical aspect for online smartphone access. Almost half (46 ...
Infrastructure : Wizz Air to launch new flights from Bucharest, Cluj and Iasi
Tuesday, August 7, 2018
Airline Wizz Air has announced that it will launch new flights to Liverpool from Bucharest, Cluj-Napoca and Iasi starting this October, http://business-review.eu reports. The flights between Bucharest and Liverpool will operate three times a week – Tuesday, Thursday and Saturday, while the Iasi and Cluj routes will operate on Mondays and Fridays. Tickets are already up for sale and ...
Construction works for RON 1.4 billion suspended bridge in Braila might start next spring
Tuesday, August 7, 2018
Astaldi and IHI Japan will begin construction work on the Danube Bridge in Braila next year, finalizing the project in 2022, http://business-review.eu informs. Around 17 kilometers of this project, of about RON 1.4 billion, from the 23 km of the project are on the border of Tulcea County. Several geotechnical and geological investigations in the field took place on 2 March, and more ...
Study : Romanian airports, crossed in transit by over 155.49 million passengers during 1999-2017 period
Tuesday, August 7, 2018
Romanian airports were crossed in transit in the last 18 years by over 155.49 million passengers, with an annual average of over 1 million passengers and an average growth index of 114 percent per year, according to a study carried out by the Civil Aviation Security Investigation and Analysis (CIAS)."During the 1999-2017 period, Romanian airports were crossed in transit by a total of 155,490,203 passengers (78,145,247 boarded passengers and 77.344.956 disembarked ...
Construction of Sibiu-Pitesti highway to take at least four years
Tuesday, August 7, 2018
Transport Minister Lucian Sova said that Sibiu-Pitesti highway could be completed in about four years, http://business-review.eu informs. “It is an equation with many unknowns, but the construction could take at least three years, designing, bidding and execution should take another year, so we can talk about completing this goal from four years onwards, ” Sova stated at a TV ...
Blue Air, Lidl Tour to launch în November Bucharest-Marrakech service
Tuesday, August 7, 2018
Romanian low-cost carrier Blue Air and Lidl Tour said on Wednesday they will launch a seasonal direct route from Bucharest to Morocco's Marrakech, starting November 3, seenews.com informs. The route will be operated once a week on Saturdays until January 5, 2019, the two companies said in a joint press release. "Being one of the country's economic centers, there is tremendous potential in Marrakech, both in terms of travel and ...
Real Estate: Timisoara surpasses Cluj-Napoca to become the second office center after Bucharest
Tuesday, August 7, 2018
Timisoara became the largest office market in the country by the middle of this year, surpassing for the first time the office space in operation in Cluj-Napoca, http://business-review.eu reads. The development comes as a result of the record volumes registered in Timisoara over the past two years, both in terms of new stock deliveries and in terms of the volume of ...
Demand for residential properties in Romania fell by 5 pct in the last year
Tuesday, August 7, 2018
In the last 12 months, the demand for residential property recorded for the first time in recent years, a decline about 5 percent cumulative decrease in the big regional centers of the country, according to imobiliare.ro quoted by http://business-review.eu. Of the six cities analyzed only three have a decrease in appetite for purchases, one of them notable of ...
Survey: Office space market sees 400 ml euro worth of investments as of mid-year, up 18 pct
Tuesday, August 7, 2018
Investments in the office market amounted to 404 million euro as of mid-year, almost 18 pct higher from H1 2017, and chances are that the 1-bln euro threshold is exceeded, representatives of Colliers International Romania said in release this Tuesday.The weightiest deals were sealed for Bucharest-based office and retail projects (the sale of Oregon Park to Lion's Head, the sale of the first phase of the Campus 6 project to CA Immo, the purchase of Militari ...