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Economic
One in five Romanians shop at traditional markets
Tuesday, July 24, 2018
Only 20% of Romanians prefer to buy constantly from traditional markets, Teodor Bir?, the president of the Association of Romanian Markets Administrators (AAPR), said. The association has kicked off a campaign called #merglapia?? (I go to the market) which aims to bring people back to buying the products sold at markets. It also aims to inform the young that they can buy there products that are more fresh and tasty, and thus encourage local ...
Agriculture : Minister of Agriculture requests Brussels financial aid for Romanian farmers affected by African swine flu
Tuesday, July 24, 2018
Minister of Agriculture Petre Daea requested in Brussels financial aid for the Romanian farmers affected by the African swine flu and the radical measures of intervention needed to be taken."Romania appeals thusly for the EU's financial aid, granted under Regulation nr. 652 of 2004 and Regulation nr. 1308 of 2013," Petre Daea declared, at the Council for Agriculture Ministers of the EU countries.Petre Daea highlighted that, according to the Ministry of ...
Milk and egg production was down in 2017 compared to the previous year
Tuesday, July 24, 2018
Romania's milk and egg production was down in 2017 compared to the previous year, while the meat production increased overall, with poultry, lamb and mutton meat going up, while beef and pork followed a downward trend, shows data of released by the National Institute of Statistics.Compared to 2016 the weight of slaughtered poultry increased 2 pct, there was a 1.8 pct increase in the weight of slaughtered sheep and goats, while the weight of slaughtered cattle was ...
Healthcare: Strategic partnership on the private healthcare market in Romania
Tuesday, July 24, 2018
Monza Group and Enayatu Group have signed a strategic partnership to develop Revera Medical City, the largest private medical project in Romania, romaniajournal.ro informs. Revera Medical City will comprise a premium unit for medical care, a residential elderly-care facility and a hospital on oncology and recovery. Monza Oncology Hospital will take the first of the three buildings to be developed on the Revera Medical City ...
Number of organ donors in Romania in decline
Tuesday, July 24, 2018
The number of organ donors has declined in Romania over the past two years. If in 2016 there were 123 donors, in 2017 their number dropped to 65 donors, according to data from the Health Ministry, quoted by romania-insider.com. Since the beginning of the year, 30 organ donors were recorded in the country. By comparison, in 2014 there were 138 donors, while in 2015 their number stood at 115. Patient associations argue that a ...
Cars: ACEA : Romania's H1 new passenger car registrations up 33.5% y/y
Tuesday, July 24, 2018
New passenger car registrations in Romania rose 33.5% year-on-year to 60,068 during the first six months of 2018, provisional data from the European Automobile Manufacturers' Association, ACEA, indicated on Tuesda, Senews.com informs. In June alone, new passenger car registrations in Romania rose 52.4% to 12,241 units, ACEA said in a statement. Romanian car maker Dacia's sales in the EU increased by 16.2% year-on-year, ...
Auto market in H1 2018: The highest level in the past 9 years for new cars
Tuesday, July 24, 2018
In the first half of 2018 the new cars market reached the highest level of the past nine years, up by 33%, an Autovit.ro analysis on the figures privided by the Directorate for Driving Licenses and Vehicle Registration Regime (DRPCIV) reveals, romaniajournal.ro informs. The second-hand cars market grew by 7% against the same period last year, but the number of car registrations was four times higher than the new car registrations. Re-registrations grew ...
Real Estate: Office investors become attracted by regional cities as an alternative to Bucharest
Tuesday, July 24, 2018
The accelerated economic development of the major regional cities in Romania is beginning to influence their real estate market as well, http://business-review.eu informs. According to the real estate consultancy company Colliers International, there are strong arguments to support the increased interest in office leasing and the strong investment potential, and cities such as Cluj-Napoca, Timisoara, Iasi or Brasov can offer an ...
CBRE remained the largest real estate consultant, with RON 57 million turnover in 2017
Tuesday, July 24, 2018
The largest real estate consultants,on the Romanian market, ran last year a total business of more than RON 150 million. The most important company remained CBRE, with a turnover of RON 57 million, http://business-review.eu informs. Their business has been backed by one of the most effervescent years in the office market, with large companies signing up for a new headquarters. On ...
Telecom. IT : The auction for 5G frequencies – in 2019
Tuesday, July 24, 2018
The auction of frequencies for the 5G technology will be organised in 2019, based on the calendar debated by the National Authority for Management and Regulation in Communications (ANCOM) on Thursday, together with the industry, at a sitting of the Consultative Council, the auction is to conclude in December 2019, an ANCOM release informs quoted by romaniajournal.ro. The sitting has considered the action plan and the national timetable for allocation ...
Real Estate: Co-working spaces in Bucharest doubled between October 2017 and June 2018
Tuesday, July 17, 2018
Currently, the Bucharest office market is a landlord’s market, mainly because of the low vacancy rates, http://business-review.eu informs. As a result of the delivery of new office projects, along with clients’ various requirements (the need for all-in-one workspaces, with retail facilities, entertainment and fitness/wellness areas), the market will likely shift towards a tenant’s ...
Eurostat: First quarter of 2018 compared with first quarter of 2017: House prices up by 4.7% in the EU
Tuesday, July 17, 2018
House prices, as measured by the House Price Index, rose by 4.5% in the euro area and by 4.7% in the EU in the first quarter of 2018 compared with the same quarter of the previous year. These figures come from Eurostat, the statistical office of the European Union. Compared with Q4 2017, house prices rose by 0.6% in the euro area and by 0.7% in the EU in the first quarter of 2018. Among the Member States for which data are available, the highest annual ...
Survey: Landlords increasingly prefer to outsource building management, 80 pct of office space is run by specialist companies
Tuesday, July 17, 2018
The share of externally-managed properties has increased in the past years on the retail and office segments, so that 79 percent of the new projects were run by external management services in 2017 as to 24 percent in 2015, reveals a CBRE expert survey.Experts estimate that 2018 will see a new momentum for the industrial sector in terms of asset management outsourcing. In the beginning, property management on the local market was done exclusively ...
Villar Group invests EUR 11 M in high-end residential development in Herastrau area
Tuesday, July 17, 2018
Villar Group, the real estate developer which previously build Vitan Business Center and Dorobanti Office Building, is investing EUR 11 million in a new high-end residential scheme of 86 apartments. Vida Herastrau is located in a premium area of Bucharest, near Herastrau Park, just behind Ponderas/ Regina Maria Hospital. The compound has a large mix of one, two and three-bedroom apartments, with generous terraces, in a low-height building, with five ...
Tourism: KeysFin analysis: in Romania, over 400 tourism agencies closed down in 2016 and 2017
Tuesday, July 17, 2018
Some hundreds of agencies and tour operators closed down in the last five years and the tourists can find themselves without money and holidays as the solution of setting up a special fund for such situations has been left at the level of a proposal, a KeysFin analysis shows. Even so, the summer season 2018 seems to be the best of the last years, but beyond the large number of tourists, the crowds at the seaside, the increase of the quality of the ...
Eastern Europe Accor partner buys Mercure hotel in Romania
Tuesday, July 17, 2018
Poland-based Orbis Hotel Group, the licensor of AccorHotels brand in Poland and Eastern Europe, acquired the Mercure Bucharest Unirii in Romania for €11.35 million from the Dogariu family, according to a report from the Business Review quoted by ...
Eurostat: 20 pct of tourists in Romania are foreign nationals, most from Asian countries and Germany
Tuesday, July 17, 2018
Two out of ten tourists in Romania in 2016 were foreign nationals, who spent an average of four nights in accommodation units, spending EUR 32 per night for the service, according to a report by Eurostat, http://business-review.eu informs. Most of the foreign tourists were citizens of Asian countries (2.7 percent), followed by German tourists (2.2 percent). Italians accounted for 1.8 percent of the tourists in ...
Romanian tourists prefers Greece, Spain and Turkey
Tuesday, July 17, 2018
Holidays in the Greek islands, in Antalya and Bodrum in Turkey, Tenerife and Mallorca in Spain, Split in Croatia, charter flights from Bucharest, Iasi and Cluj-Napoca are most popular for the 2018 season. According to a study conducted by Cocktail Holidays, Romanian tourist have different preferences regionally. Romanians in the north-east of the country go more to Greece, those from east and south of the country, in Turkey, while the west have Spain ...
Telecom. IT : Romania Once Again Boasts Emerging Europe’s Fastest Broadband Speeds
Tuesday, July 17, 2018
Romania now boasts the fifth fastest internet in the world, and easily the fastest in Emerging Europe, emerging-europe.com reads. In an analysis of more than 160 million broadband speed tests conducted across 200 countries only Singapore – once again the world’s fastest country – Sweden, Denmark and Norway registered more impressive speeds. Yemen came last. According to the analysis, carried out by ...
5G national strategy completed in 2018; tech implementation to attract 9b USD in investment by 2026
Tuesday, July 17, 2018
Romania's 5G communications national strategy will be completed by the end of 2018, while the implementation of this technology in Romania will bring about 9 billion US dollars in total investment over the next eight years in energy and utilities, public security, financial services and healthcare, Minister of Communications and Information Society Bogdan Cojocaru told Agerpres on last Tuesday."Romania needs digitisation, that is clear for everyone. We are faring ...