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CFR Calatori: About 25 trains will be cancelled by March 1
Tuesday, February 20, 2018
CFR Calatori has not yet decided on the list of about 50 trains to be cancelled at the beginning of March. Of them, 20-25 trains will be permanently cancelled, while the rest will have either a shorter route or limited circulation in weekends, when commuters do not go to their jobs, company representatives said. CFR Calatori has a budget 10% lower this year, although the transport capacity is dropping and demand is higher on certain ...
EC to invest 1.3bn euros in Romania train link upgrade
Tuesday, February 20, 2018
An investment of EUR 1.3 billion out of the Cohesion Fund will be made in the upgrade of a section of the railway corridor that links Curtici, located at the border between Romania and Hungary, to the city of Constanta by the Black Sea. The works will focus significantly on increasing speed and the safety of travel on the section between kilometre 614 and Simeria town, by refurbishing and upgrading 13 stations from this section, improving signalling ...
New Italian airline enters Romania
Tuesday, February 20, 2018
Ernest Airlines, a new Italian airline headquartered in Milan, will launch this summer flights linking Romania’s Iasi and Bucharest to Northern Italy, ...
Real Estate: Mall & office developer goes residential in Bucharest
Tuesday, February 20, 2018
Real estate developer AFI Europe, known for its commercial and office developments, has received the construction permit for its first apartments in Romania, romania-insider.com informs. It will start working on the first phase of the AFI City residential project in Bucharest in a couple of months. With 190 apartments and 228 parking places, the compound will be built instead of a ...
RE/MAX expands network to 25 offices in Romania
Tuesday, February 20, 2018
RE/MAX Romania, part of the global leader in real-estate and the number one franchise on this segment, announced the expansion of their Romanian network to 25 offices, business-review.eu reports. The most recent franchises in the company’s portfolio are RE/MAX Home Connection, RE/MAX Magnum in Bucharest and RE/MAX Smart in Satu-Mare. RE/MAX Home Connection, the newest office in Bucharest which will become operational in March, was opened by ...
Some 40,000 properties traded nationwide in January 2018
Tuesday, February 20, 2018
The number of properties sold nationwide increased in January to 39,482 from the same month of the year before, while property mortgages reached 16,316, by 5,000 more YoY, shows data of the National Cadastre and Property Advertising Agency (ANCPI) released on Tuesday. The number of real estate transactions this January was by 16,315 higher YoY. Most such sales were in Bucharest (4,931) followed by Iasi (2,431) and Cluj (2,374); at the opposite end, the ...
Trade: Online gift market increases by 84% in past two years
Tuesday, February 13, 2018
The number of Internet buyers is growing and the online gift market increased by 84% in 2017 compared to 2015, according to a survey based on the data provided by Google and conducted by TargetWeb agency and issued on Monday.This growth is in line with the evolution of the online commerce in Romania, which increased over the last year by over 40%, according to a GpeC study. Moreover, according to the same study, this growth is one of the largest in the European Union countries, ...
Cars: Turnover of trade in motor vehicles up 11.1 pct in 2017
Tuesday, February 13, 2018
The turnover of trade in motor vehicles was 11.1 percent higher in 2017 than in the previous year, mainly as a result of trade in motorcycles, components and accessories, shows data of the National Institute of Statistics (INS) released on Monday.The rise in turnover was prompted by the increase in trade in motorcycles, components and accessories, the maintenance and repair thereof (50.6 pct), the maintenance and repair of motor vehicles (+22.9 pct), trade in motor vehicles ...
More than 15,700 new motor vehicles registered in Romania in January 2018 (DRPCIV)
Tuesday, February 13, 2018
New vehicle registrations increased in Romania by 65.32 percent in January 2018 to 15,762 units, compared with the same month of the previous year, when 11,744 cars were registered, show data with the Driving Licenses and Vehicle Registration Directorate (DRPCIV).According to official statistics, the highest January 2018 increase by type of vehicles was recorded in the tractor category, namely 180 percent (28 units), followed by buses and minibuses (92 units, + 130 percent), ...
The new registrations of passenger cars increased by 68.1% in the fourth quarter of 2017
Tuesday, February 13, 2018
The new registrations of road vehicles for passenger transport increased by 67.4% in the fourth quarter of 2017 compared to the fourth quarter of 2016. In the same period, the new registrations of vehicles for goods transport increased by 12.2% compared to the fourth quarter of the previous year. Registrations of new cars increased 68.1 per cent in Romania in the last quarter of 2017, compared with the same period of ...
Infrastructure : Romania and Hungary plan to build a high speed railway between Cluj and Budapest
Tuesday, February 13, 2018
Romania and Hungary plan to build a high speed railway of TGV type between Cluj and Budapest, said Peter Szijjarto, minister of External Affairs and External Trade of Hungary, at Bucharest after the meeting with the Romanian minister of External Affairs, Teodor Melescanu, business-review.eu informs. He announced that the Hungarian Government approved a budget of HUF one billion for a feasibility study for the railway between Budapest and Cluj-Napoca. The Romanian party aims to ...
Healthcare: Romania’s OTC market, up by almost 19 pc in 2017
Tuesday, February 13, 2018
The Romanian OTC market, including non-prescription medicines, food supplements and medical devices for personal care, registered an increase of 18.8 percent in 2017, compared to the previous year and 14.8 percent in the last quarter of the year, compared to the previous one, according to Cegedim data, RASCI – Romanian Association of the Self-Care Industry – informs in a press release Thus, the total value of the OTC market segment amounted to RON 858 million in Q4 2017, ...
Tourism : Romania, out of Dertour catalogs
Tuesday, February 13, 2018
After TUI and Neckermann, Dertour has dropped out of promoting the Romanian offers. Romania’s removal is justified by poor infrastructure, small number of quality hotels and its very high ...
Happy Tour is for sale, but no advanced discussions have occurred
Tuesday, February 13, 2018
Happy Tour has a bright future ahead and is doing really great, Javier Garcia del Valle, CEO & Chairman of Happy Tour Group Board gave assurances on Wednesday in a press meeting, rejecting thus the last year rumors about a possible deal with a local competitor. “Happy Tour is for sale, indeed, but we are not looking for an exit at this moment. No local company did ever initiate for a due diligence. Not even a conversation!”, Happy Tour Romania ...
Telecom. IT : Orange to open 5G test sites in France and Romania in H2
Tuesday, February 13, 2018
Orange announced plans for new 5G access trials starting later this year in France and Romania. It also revealed that it will be working on the design of a ‘smart’ antenna for 4G/5G connectivity in partnership with Nokia and Kathrein, a Germany-based manufacturer of antennas for communications. Currently in prototype phase, the new device will be compact enough to be installed on existing mobile towers, said the operator, telecompapr.com informs. In France, Orange is ...
Samsung, Cisco to trial 5G fixed wireless access in Romania
Tuesday, February 13, 2018
Samsung, Cisco, and Orange will conduct a month-long 5G fixed wireless access trial in Romania in the second half of this year, zdnet.com informs. Samsung Electronics and Cisco will collaborate with France-based telco Orange to conduct 5G fixed wireless access (FWA) trial in Romania, the companies announced. It will be the first multi-vendor environment customer trial in Europe and will last a month. The goal is to demonstrate how 5G can complement existing fiber deployments ...
Vodafone's 4G network found fastest in Romania by Speedtest
Tuesday, February 13, 2018
Vodafone Romania has the fastest LTE mobile network in the country, according to tests conducted by end-users in Romania on 4G/LTE, 4G +/LTE-A and 4.5G connections in 2017 with the Speedtest by Ookla internet speed testing and analysis application, telecompaper.com reports. The results of over 1.15 million tests carried out by mobile end-users in Romania in January-December 2017 show that Vodafone Romania's LTE network offers the highest average download and upload speeds of mobile ...
Real Estate: Sofiaman invests EUR 180,000 in 3 retail spaces
Tuesday, February 13, 2018
Sofiaman, the Romanian pyjama and lingerie brand, strengthens its position on the local retail market by investing over EUR 180,000 in opening and remodelling of three retail spaces. A new store will open in Shopping City Suceava, a unit from Moldova Mall Iasi will be relocated, and the street store in Targu Neamt will be remodelled. Florin Cucu, general manager Sofiaman: “We want each retail space by Sofiaman to be easy to recognise and align with our brand ...
CTP invests EUR 12 M in developing new logistics spaces for DSV
Tuesday, February 13, 2018
CTP industrial parks developer and DSV, the fifth biggest global transport and logistics companies, signed a leasing agreement for approximately 40,000 sqm in CTPark Bucharest West, romaniajournal.ro informs. According to a press release, CTP invested about EUR 12 million in the development of the new logistics spaces occupied by the Danish company in the first days of February. “We are very happy with DSV’s decision to grant us again their trust. They are our tenants ...
Infrastructure : Ryanair to launch the first Bucharest – Amman flight
Tuesday, February 6, 2018
Irish low cost airline Ryanair will launch the first flights from Bucharest to Amman, as a press release informs, romaniajournal.ro reads. The new route will be operated with a frequency of two weekly flights starting with the end of October, as part ofRyanair’s Winter 2018 schedule. Ryanair launched its first flights to Jordan with 14 routes in total to Amman and Aqaba airports, which will ...