RSS
Economic
Romanian investors account for only 4% of last year’s real estate deals
Tuesday, April 10, 2018
The value of commercial real estate investments in Romania amounted to EUR 960 million last year, but local buyers only accounted for 4% of this value, namely some EUR 35 million, according to a report by real estate consultancy firm Colliers Interna?ional , romania-insider.com informs. The share of local investments in Romania’s real estate sector is the lowest in the region considering that the ...
Half of the total stock of office buildings in Romania is certified "green"
Tuesday, April 10, 2018
The trend that emerged last year was that each new office building in development to obtain a LEED or BREEAM certification for better market positioning, devdiscourse.com informs. Developers are increasingly focusing on the efficiency and long-term sustainability of a building due to the benefits they can gain from passing through the green certification process - reducing energy consumption, the value of rent maintained at a competitive level or ...
Tourism: Thai hotel owners request direct charter flights between Romania and Thailand
Tuesday, April 10, 2018
Thai hotel owners say tour operators in Romania are carrying out talks about the introduction of direct charters between Romania and Thailand. The number of Romanian tourists who arrive in Phuket for holidays has grown several times of late and the introduction of direct charter flights between Romania and Phuket would make tourist packages cheaper and would shorten the flight by a few hours, Angelica Aliberti, the sales manager of Hyatt Regency resort in Phuket told ...
The tourists’ overnight stays in the establishments of tourists’ reception increased by 3.3% in February
Tuesday, April 10, 2018
Compared to the corresponding month of the previous year, both the arrivals and the overnight stays in the establishments of tourists’ reception with functions of tourists’ accommodation increased by 3.9 %, respectively by 3.3% in February 2018. Compared to February 2017, in February 2018 customs registered an increase in both the arrivals of foreign visitors of 9.0 % and in the departures abroad of the ...
Agriculture: Sheep breeders partner with 'Tara Mea' farming cooperative for easier access to big retailers
Tuesday, April 10, 2018
Farming cooperative 'Tara Mea' and sheep breeders associations on Friday set the ground for a partnership aimed at facilitating the latter's access to large chain stores, the Ministry of Agriculture and Rural Development (MADR) said in a release.The Ministry of Agriculture on Friday hosted a working meeting between representatives of the 'Tara Mea' farming cooperative and representatives of major organizations in the sheep-breeding sector; attending the meeting on ...
Infrastructue : Romania, fourth in CEE for canceled or delayed flights
Tuesday, April 10, 2018
Romania ranked fourth in the region for the share of cancelled or delayed flights last year, according to data from Flight Refund, a company that specializes in helping passengers get compensations in such cases, romania-insider.com reports. Some 782 such incidents occurred in Romania last year, representing 0.38% of the 203,403 flights to and from local airports, according to Flight ...
Rail freight transport grows 6.6pct, while road transport increases 4.7pct in 2017
Tuesday, April 10, 2018
Rail freight transport grew by 6.6% last year to 56.08 million tonnes, while road transport increased by 4.7% to 226.3 million tons, according to data centralized by the National Institute of Statistics (INS).Of the total goods transported by rail, 78.9% had an internal destination, and 76.9% of those shipped by road transport had an internal destination.Carried by plane were 45,000 tons of cargo, up 12.2% from 2016, of which 97.3% on international ...
Statistics: Number of passengers recorded in international, inter-city transport, up 8.1% in 2017
Tuesday, April 10, 2018
The number of passengers carried in international and inter-city transport rose by 8.1% last year from 2016 to 415 million people, of whom 4.7% were registered in international transport (19.5% million passengers), according to the data centralized by the National Institute of Statistics.Road passenger transport accounts for the largest share (78.5%), followed by rail transport (16.6%).Compared to the previous year, the largest increase in the ...
Romanian rail transport market opens for international competition next year
Tuesday, April 10, 2018
Romania’s passenger rail transport market will open up for competition in a much deeper way as the European Union’s Fourth Railway Package comes into force in 2019, romania-insider.com informs The possible entry on the local market of big ...
Wizz Air Announces the First Direct Flight Between Romania and Georgia
Tuesday, April 10, 2018
Wizz Air announced on April 5 the first direct flight from Romania to Georgia starting this summer, finchannel.com informs. The new low fare service from Bucharest to Kutaisi, Georgia is commencing on 3 July 2018 with 3 weekly frequencies on Tuesdays, Thursdays and Saturdays, creating great travel opportunities for Romanian passengers and their visitors from just RON 109, according to Wizz Air. WIZZ travelers looking for a ...
Trade: In February 2018 , the retail turnover increased by 6.6% compared to February 2017
Tuesday, April 10, 2018
Compared to the previous month, in February 2018 the retail turnover volume (excluding the trade with motor vehicles and motorcycles) decreased both as gross series by 3.3% and as ...
Cars: Eco-friendly cars sales, up 75 percent in first two months of 2018 (APIA)
Tuesday, April 3, 2018
The number of eco-friendly cars purchased by Romanians in the first two months of the year increased by 75 percent as compared to the same period of 2017, reaching 392 units, shows statistical data of Romania's Association of Automotive Manufacturers and Importers (APIA).According to official data, of the overall number, 158 are hundred percent electric cars, 8 times the number of electric cars sold the previous year's two months, and 234 units are hybrid (+14.1 ...
12,400 new vehicles registered in February, car registrations up 5.72 percent vs February 2017
Tuesday, April 3, 2018
The number of registrations of new vehicles in Romania in February grew by 3.52 percent, as compared to same month of 2017, reaching 12,401 units, the Vehicles Driving Licence and Registration Directorate (DRPCIV) informs on its website. The automobiles recorded a plus of 5.72 percent, from 8,302 units in February 2017, to 8,777 this February. In the same period, February 2017 to February 2018, the highest registration increase was recorded ...
Romania's Jan-Feb new commercial vehicle registrations increase - ACEA
Tuesday, April 3, 2018
Registrations of new commercial vehicles in Romania rose by an annual 10.4% on the year to 4,478 in the first two months of 2017, the European Automobile Manufacturers' Association (ACEA) said on Thursday, seenews.com informs. Registrations of new light commercial vehicles of up to 3.5 tonnes rose 13.5% on the year to 3,153 in January-February, ACEA said in a statement citing provisional data. Registrations of new heavy ...
Agriculture : The crop production increased for all crops in 2017 compared to 2016
Tuesday, April 3, 2018
The cultivated area increased for dried pulses, oilseed crops and sugar beet and decreased for cereal grains, potatoes and vegetables. Compared to the previous year, the crop production increased in 2017 for the main crops (cereal grains, dried pulses, oilseed crops, sugar beet, potatoes and vegetables). The agricultural production was up in 2017 from the year before for ...
Infrastructure: Wizz Air launches new flights from Bucharest, Cluj-Napoca
Tuesday, April 3, 2018
Hungarian low cost airline Wizz Air, the leader of the local air transport sector, has announced it would launch new routes from Bucharest and Cluj-Napoca to Athens, romania-insider.com informs. The flights from Bucharest to Athens will be operated five times a week, on Mondays, Wednesdays, Thursdays, Fridays and Sundays. During the summer season, between June 15 and September 15, the flights will be ...
Romania needs EUR 4 bln to fix holes in national roads
Tuesday, April 3, 2018
Romania would have to spend EUR 4 billion to fix all the holes in its national roads, namely the big roads that connect important cities. The national company that manages the road infrastructure – CNAIR only has a maintenance and repair budget of EUR 800 million, according to transport minister Lucian Sova, ...
Real Estate: Bucharest land transactions at 10-year high in 2017, with 116 traded hectares
Tuesday, April 3, 2018
A total surface of 116 hectares of land has been traded in Bucharest in 2017, the largest such surface in the past 10 years; Romanian developers, who mainly focused on the residential sector were the most active buyers of large plots, also located in the surroundings of Bucharest, shows an expert survey by Cushman & Wakefield Echinox released this Thursday.The trading value of these properties is estimated at 216 million euro, up 69 percent from 2016, ...
Collier report: Romanian real estate investors' share in local real estate market, just 4pct of 960-million-euro turnove
Tuesday, April 3, 2018
The share of the Romanian real estate investors in the local real estate market in Romania accounted for only 4 percent of a turnover of approximately 960 million euros in 2017, as acquisitions of real estate assets by the national and cross-border investors of the 6 Central and Eastern Europe (CEE) main markets advanced 32 percent.Their share was the lowest among the national investors in the region, against an average in excess of 18 percent. In Hungary, the ...
Healthcare: The pharma market in Romania will register a business record in 2018, estimated at 50 billion lei
Tuesday, April 3, 2018
The pharma market of Romania will register a business record in 2018, the appetite of the Romanians for drugs and treatments being stimulated by the advertisments in the media and by the crisis in the health system, the estimates going to the threshold of 50 billion lei,an analysis made by Keysfin shows.In the attempt to find solutions to their health issues, the Romanians use drugstores most often, and this trend is clear in the financial ...