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New Hilton hotel opens in Bucharest’s Old Town in December
Tuesday, November 21, 2017
The first Hilton Garden Inn hotel in Bucharest will open in December in the Old Town, romania-insider.com informs. The four – star hotel is located in a revamped historic building, near the National Bank headquarters, and is the first large chain hotel in the Old Town. The Lithuanian investors who own the hotel through local company Apex Alliance also own the Europa Royal hotel ...
Agriculture : Greenpeace reveals map on 300,000 hectares of virgin forests in Romania
Tuesday, November 21, 2017
Virgin forests reportedly cover some 300,000 hectares in Romania, an analysis completed by Greenpeace Romania reads quoted by romaniajournal.ro. The organisation has launched on Wednesday a map with these forests, drawn up on public information and satellite images, and asks the Water and Forests Ministry to get involved to identify these areas, a first step towards protecting them, RFI informs. The map was drawn up by Greenpeace Romania together with ...
Romania's share of organic farming area second lowest in EU - Eurostat
Tuesday, November 21, 2017
Romania's organic farming area as a percentage of total crop area in the country was the second lowest in the European Union in 2016, Eurostat said on Thursday quoted by seenews.com. Within the bloc, Romania's share of organic farming area - 1.6% of the total crop area - was higher only compared to Malta where it was 0.21%, Eurostat said in a statement. On the opposite end of the table, in Austria the organic farming area ...
Minister Daea: Romania recorded this year historic records in nine crops
Tuesday, November 21, 2017
Romania has recorded this year historic records in nine crops, which shows the size of the potential that we have, Agriculture and Rural Development Minister Petre Daea stated on Monday, at a debate on the Romanian village, that takes place at the Romanian Academy. "This year, historic records have been registered in nine crops which show, on the one hand, the size of the potential that we have, of the research [area] having produced valuable varieties ...
Deficit in agri-food trade doubles
Tuesday, November 21, 2017
Romania’s deficit in agri-food trade rose to EUR 820.9 million in the first eight months of this year, more than double compared to the same period in 2016. However, the deficit slightly went down compared to the first six months of this year, when it exceeded EUR 1.06 billion, according to the Agriculture and Rural Development Ministry. Agri-food exports rose by 5.1% between January and August this year to EUR 3.8 billion ...
Trade: E-commerce to reach EUR 2.8 bln in Romania
Tuesday, November 21, 2017
The e-commerce market in Romania will reach EUR 2.8 billion this year, up 35% over 2016, according to the Association of Romanian Online Stores (ARMO) quoted by romania-insider.com. Romania’s e-commerce grew by 38% last year to EUR 2.05 billion, according to the European report on e-commerce concluded by the Global Ecommerce Association. The report placed Romania first in Europe based on the growth rate and second in the ...
In September 2017, the wholesale turnover1 decreased by 1.6% compared to the previous month
Tuesday, November 21, 2017
As against the previous month, in September 2017 the wholesale turnover (excluding the trade with motor vehicles and motorcycles), in nominal terms, decreased both as gross series by 2.6% and as adjusted series according to the number of working days and to seasonality ...
eMag, largest online retailer, sees changing trends in Black Friday sales
Tuesday, November 21, 2017
eMag, the largest online retailer in Romania, saw its highest sales yet during the Black Friday campaign organized in Romania last Friday, November 17, romania-insider.com reads. More important, however, the retailer also saw significant changes in consumer behavior compared to previous ...
Bucharest’s Calea Victoriei in top 50 most expensive retail streets in the world
Tuesday, November 21, 2017
Bucharest’s Calea Victoriei, one of the busiest boulevards in the Romanian capital, has climbed four positions in Cushman & Wakefield’s Main Streets Across The World report quoted by romania-insider.com The report tracks 451 of the top retail streets around the globe and ranks the most expensive in 68 countries by prime ...
Healthcare: Diana Paun : Romania should follow the European trend towards patient-centered healthcare policies
Tuesday, November 21, 2017
Romania should follow the European trend towards patient-centered healthcare policies and ensure the sustainability of the healthcare system, senior adviser Diana Paun said on Monday. "We are fast approaching the year 2019, when Romania takes over the rotating presidency of the Council of the European Union and has the opportunity to bring topics of interest to the agenda, but also to be fully in line with the European project and the themes advocated by the ...
Health Observatory: Romania among EU's top 5 by use of antibiotics
Tuesday, November 21, 2017
Romania is ranked among EU's top 5 heaviest consumers of antibiotics, a situation which favors the emergence of treatment resistant bacteria, the Romanian Health Observatory (ORS) said in a report this Friday. "The high consumption of antibiotics has turned Romania into one of the European countries with the highest rates of proliferation of ...
Infrastructure : Romanian Govt. to borrow EUR 35 mln from World Bank for highway
Tuesday, November 21, 2017
The Romanian Government approved on Wednesday, November 15, a loan of up to EUR 35 million from the International Bank for Reconstruction and Development (IBRD) for preliminary activities on the construction of the Ploiesti-Brasov highway. IBRD is part of the World Bank group, romania-insider.com ...
Real Estate: Industrial, logistics and offices are drivers of Romanian real estate market in Q3
Tuesday, November 21, 2017
The industrial, logistics and office sectors in Bucharest were the drivers of the real estate development market in the first nine months of the year, while the retail sector recorded the lowest growth rate in terms of projects delivered in this period of time, according to the latest market report published by JLL, Bucharest City Report quoted by Business Review. Over 215,000 sqm were delivered in the Romanian industrial market between January and ...
Demand for offices in Bucharest reaches 45,000 sqm in Q3
Tuesday, November 21, 2017
The new demand for office space in Bucharest reached 45,000 sqm in the third quarter of this year and 134,000 sqm in the first nine months, according to real estate consultancy firm Colliers, romania-insider.com informs.Companies in IT and outsourcing dominated generated most of the ...
"Real Estate Analyses" report: În Q3, a relatively constant level as compared to the second quarter
Tuesday, November 14, 2017
The asking prices for the dwellings put on the market countrywide held steady in the third quarter of 2017, at a relatively constant level as compared to the second quarter, but became cheaper by 9.7 pct, as compared to 2016, according to an analysis carried out by a real estate portal sent on last Tuesday. According to the analysis, this stagnation is exclusively due to depreciation trend recorded by apartments in Bucharest, given that countrywide, the ...
CTP buys Phoenix Logistics Center for EUR 7 M, fully leased by DB Schenker
Tuesday, November 14, 2017
CTP makes a new key acquisition near Bucharest, romaniajournal.ro informs. It’s about Phoenix Logistics Center (PLC), that was bought with approximately EUR 7 million from the Dutch company LSREF3 Alpha Dutch Holdings B.V., in the second quarter of 2017, a press release informs. PLC was integrated in CTPark Bucharest and is located in Chiajna, at the crossroad between A1 motorway and “Centura” ring road, at only 10 kilometres distance ...
IT and outsourcing companies, the main drivers of office space demand. 45,000 sqm leased in Bucharest this Q3
Tuesday, November 14, 2017
The Bucharest office market saw a net take-up of close to 45,000 sqm in this year’s third quarter, romaniajournal.ro reports. According to data from the real estate consultancy company Colliers International, the demand came mostly from IT and BPO/SSC companies, including from the new entries in the market: Amazon, GoPro and Systematic. The leasing transactions volume was lower in Q3 2017, compared with the same period last year. The gross ...
Cars: Logan, Duster and Sandero in top 25 of best sold cars in Russia
Tuesday, November 14, 2017
Duster, Logan and Sandero were in the top of best sold 25 car models in Russia in October, according to data published by the Association of European Business, while deliveries of automobiles and light commercial vehicles went up by 17.3% to 148,597 units, compared to the same period of 2016, Reuters informs. It is the 8th month on a row of sales increase by 10%, a sign showing that the Russian automobile market comes back after four years of ...
NEXT-E consortium and EU sign a grant agreement to deploy 252 fast and ultra-chargers for Electric Vehicles across CEE
Tuesday, November 14, 2017
· The network of 222 fast chargers and 30 ultra-chargers for EV (Electric Vehicles) will connect six countries in CEE along main roads on the EU's core transport network · The largest grant ever given by the EU’s Connecting Europe Facility for any EV project, amounts to EUR 18.84 million The NEXT-E network will be interoperable within the ...
Tourism : Romania to implement IT system for tourism activities inventory in 2018
Tuesday, November 14, 2017
Romania will implement an IT system in 2018 for tourism activities inventory, said this Wednesday Mircea Dobre, the minister of Tourism, during debates within the economic Commission, industries and services of the Senate, business-review.eu informs. „The soft that the Special Telecommunications Service ...