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Trade : In August 20171 , the retail turnover increased by 2.3% compared to the previous month 2016
Tuesday, October 10, 2017
Compared to the previous month, in August 2017 the retail turnover volume (excluding the trade with motor vehicles and motorcycles) increased both as gross series by 7.4% and as adjusted series according to the number of working days and to seasonality by ...
Infrastructure : EU finances the Metro Line 5 in Bucharest
Tuesday, October 10, 2017
The European Commission has Okayed on Tuesday the financing worth EUR 251.8 million from the Cohesion Fund to finance the extension of the Metro Line 5 in Bucharest, romaniajournal.ro informs. “Thanks to the European Union, Bucharest will have a modern metro networking. This will have a positive impact on the city’s air quality, on the local companies, tourism and of course, on the residents,” European Commissioner for ...
Infrastructure: CFR signs 8 million lei contract for feasibility study on Bucharest-Giurgiu section
Tuesday, October 3, 2017
The Romanian Railway Company (CFR) and Baicons Impex - Acciona Ingenieria Association signed a contract on the elaboration of the feasibility study for the modernization of Bucharest North-Jilava-Giurgiu North- Border railway, including Gradistea bridge, with a value of 7.95 million lei and an implementation in 18 months. According to a CFR press release, the feasibility study will be financed from foreign grants, through the Big Infrastructure ...
Switzerland pays for feasibility study for metro line in Bucharest
Tuesday, October 3, 2017
Bucharest metro operator Metrorex signed yesterday a contract with the association of Metroul SA – Amberg Engineering AG for design and consultancy services related to the feasibility study for the construction of the Metro line 4 connecting Gara Progresu to Lac Straulesti, the Gara Progresul-Gara de Nord segment, romania-insider.com ...
Air Canada to operate direct flights from Bucharest to Montreal and Toronto starting June 2018
Tuesday, October 3, 2017
Air Canada will start long-haul flights between Bucharest’s Henri Coanda airport and Montreal and Toronto from June 2018, according to representatives of The National Company of Airports Bucharest (CNAB) which struck a deal with the Canadian airline operator, business-review.eu reports. There will be four round trips four times a week on the routes Bucharest-Toronto and Bucharest-Montreal. The company will use the ...
Trade: Romanian beer market up by over 2 pct in the first seven months of the year
Tuesday, October 3, 2017
The Romanian Beer Association announces a growth by over 2 percent in volume of the beer market in the first seven months of the year, compared with the same period of 2016, business-review.eu informs. „The beer evolution during January-July was a positive one, but moderate. Currently, we consider that are met all the premises for the market to continue the evolution, but only the results at the year-end will confirm ...
Real Estate: Wizmo.ro and RE/MAX Grup de Lux Analysis: Almost 90% of Bucharest office spaces are for rent
Tuesday, October 3, 2017
According to an analysis developed by Wizmo.ro and sent to ACTMedia, the real estate platform dedicated to both residential and business sector, and RE / MAX Lux Group, one of RE/MAX Romania franchises, 88% of Bucharest office spaces are for rent. The situation is similar in Cluj, where only 30% of the buildings are for sale. ”At this moment, over 40,000 properties are published on Wizmo.ro, 1,050 of which are offices. In terms of their ...
Zacaria develops the first private industrial park in Craiova
Tuesday, October 3, 2017
The construction works on the new business park in Craiova are ongoing and the first 10.000 sqm of industrial space will be delivered by the end of the year, the Romanian real estate developer Zacaria has announced în a statement sent to ACTMedia. Southern Industrial Park will cover an area of 43.000 sqm of class A industrial space, fully equipped for activities such as storage, logistics, cross-docking or ...
Cars: New car sales grew by 11.6% in first 8 months. Five times more second hand cars (APIA)
Tuesday, October 3, 2017
New car sales grew by 11.6% in the first 8 months of the year, compared to the same period of 2016, automobiles recording an increase of 14.5%, according to statistic data of the Association of Automobile Producers and Importers (APIA), published on Wednesday. On the other hand, about 338,000 second hand cars were registered over January-August 2017, five times more than new cars. APIA representatives say that new car sales grew ...
Lancia and Chrysler in top of expensive automobile registrations in first 8 months
Tuesday, October 3, 2017
About 1,200 expensive new and second hand cars were registered in Romania in the first 8 months of 2017, most of them Lancia and Chrysler, while in the sports car category there were 16 Ferrari and seven Lamborghini cars, according to DRPCIV data. The rare automobile category includes 1,188 new and second hand units registered in the same period of time, most of them Lancia, with 577 units, on the rise 11 times compared to 2016, all of them second ...
Tourism: Balneary tourism grew by 18-20% this year
Tuesday, October 3, 2017
Balneary tourism recorded a 20% increase this year, while sea tourism grew by 10-12% compared to 2016, says Dragos Raducan, the executive vicepresident of FPTR. He pointed out that the good percentage obtained in the balneary area are owed both to the investments made and to the fact that many Romanians preferred to go to a balneary resort than the seaside. Dragos Raducan declared on Monday, at the end of a debate on the tourism bill, that the increase ...
Mastercard study: Bucharest is the European city with the highest growth of tourists’ number
Tuesday, October 3, 2017
Bucharest is the European city with the highest growth of tourists who stay over night, outrunning cities such as Lisbon, Berlin or Amsterdam, according to the Mastercard Global Index of Urban Destinations quoted by business-review.eu. Bucharest attracted 10.4 percent more tourists in 2016 than 2009 and the preferred periods for travel are May-June and September-October. On the following positions in top cities with the ...
Hungarian group invests EUR 4 mln in Faget hotel in Sovata, Romania
Tuesday, October 3, 2017
Hungarian hotel group Danubius, which owns three hotels in the Romanian spa resort Sovata, plans to invest EUR 4 million in the Faget hotel to reclassify it from two stars to a three-star rating, according to ...
Approximately 30 pct of Romanians working abroad have planned a holiday în Romania at the beginning of September
Tuesday, October 3, 2017
Rd 80 pct of the Romanians who live in the country and work abroad have planned their holidays in Romania, 30 pct of whom choosing September for it, according to a research by the online hotel reservations HotelGuru.ro sent on Friday. The end-season more ...
Romania has drawn a quarter of the European funds for tourism investments
Tuesday, October 3, 2017
Romania has drawn a quarter of the European funds for tourism investments, namely 25.2 million euros, according to the statements made by European Commissioner Corina Cretu, informs a press release of the European Commission's representation office."The tourism sector can make a significant contribution to the economic growth of the country and, in particular, to the development of the regions and employment in these." Allocated for the investments in ...
Agriculture: Visan (MADR): Wheat, rape, pea and barley crops, the highest in country’s history
Tuesday, October 3, 2017
Crops of wheat, rape, peas and barley obtained this year are the highest in the country’s history, said Mihai Visa, the state secretary in the Ministry of Agriculture and Rural Development, at PRIA Agriculture conference, on Thursday. “We had very good crops this year for wheat, rape, peas and barley, the highest in the country’s history. Farmers benefited from subsidies and the weather was favorable in most regions,” Visam ...
Secretary of state: Irrigated farming land trebled when state offered free water
Tuesday, October 3, 2017
The irrigated farming land area trebled compared to 2016, said Floricel Dima, the secretary of states in the Ministry of Agriculture in Galati, on Friday. The government target was not reached, although state offered free water to farmers. “We had expectations of over a million hectares, but we saw the target cannot be reached because farmers were found unprepared. On one hand they asked us to give them free energy for water or to find a method ...
Gov't approved payments to help farmers worth approx. 1.8 billion euros
Tuesday, October 3, 2017
The government on Wednesday approved payments to help farmers worth approx. 1.8 billion euros. It's about "direct payments to the vegetable sector for 2017, the ceilings earmarked for the transitional national aids for the livestock sector and the coupled aid scheme for sheep/goats for 2017," says a government ...
Telecom.IT: Orange Romania launches 'Orange Love' multi-play packages for families
Tuesday, October 3, 2017
Orange Romania launched a new line of multi-play packages aimed at families which are marketed as 'Orange Love', telecompaper.com informs. The packages comprise fibre optic services for homes, mobile services with 100 percent coverage of 4G/LTE in all cities and TV ...
Cars : Sales of new cars increased by 11.6 percent in the first eight months of 2017
Tuesday, September 26, 2017
Sales of new cars in Romania increased by 11.6 percent in the first eight months of 2017, y-o-y, with automobile registrations jumping 14.5 percent, according to statistical data with the Association of Romania's Manufacturers and Importers of Automobiles (APIA), released on ...