RSS
Economic
Used car registrations in the first eight months of 2017 reached 337,787 units
Tuesday, September 19, 2017
Used car registrations in Romania in the first eight months of 2017 reached 337,787 units, increasing 75.43 percent from the same period of 2016, when a number of 192,551 vehicles were registered, as reveals the statistics of the Driving Licence and Car Registrations Directorate (DRPCIV).In this context, the number of second hand car registrations exceeded five times the number of new cars registrations, namely 68,344 units from January to the end of August ...
Tourism: Romania has taken over as vice president of WTO
Tuesday, September 19, 2017
Prime Minister Mihai Tudose announced on Wednesday, at the beginning of a government meeting, that Romania has taken over as vice president of the United States World Tourism Organization (WTO). "The second good news is in real time. Starting today, Romania holds the position of vice president at the World Tourism Organization. Congratulations to Mr Minister Dobre who is there and made the achievement," said Tudose. Romania has become a ...
Real estate: NEPI Rockcastle wants to build mall in Targu Mures in less than a year
Tuesday, September 19, 2017
NEPI Rockcastle is preparing for 2018 the development of a new commercial centre, with an area of over 50,000 square metres in Targu Mures. Construction works for the Targu Mures mall, an investment of 50 million euros, will be located at the crossroad of 1 December 1918 Blvd and Sighisoara Avenue, and will begin in the first part of 2018. The opening is planned for quarter four, 2018, according to NEPI Rockcastle representatives. The main competitor ...
Office non-occupancy rate in Bucharest falls to 9 pct in H1
Tuesday, September 19, 2017
The first half of the year saw the non-occupancy rate of offices in Bucharest drop close to 9 percent, compared with the rate of approximately 13 percent at the end of 2016 business-review.eu informs. Louis-Maxime Juhel, director of office department at BNP Paribas Real Estate Romania, said: “The high demand was registered not only in office sector, but also in retail and logistic. The office market from Bucharest has a high potential, as in the ...
Portland Trust to invest EUR 50 mln in third building at Oregon Park
Tuesday, September 19, 2017
Real estate developer Portland Trust and the American investment fund Ares Management will invest EUR 50 million in the development of the third building at Oregon Park, the office project located in northern Bucharest, business-review.eu informs. The third office building will have a surface of 25,000 sqm and should be completed by the end of 2018. Robert Neale, the CEO of ...
Agriculture: Romanian and French wheat cargoes still in Egyptian prosecutor custody
Tuesday, September 19, 2017
Two wheat cargoes rejected by Egypt’s agriculture quarantine service for containing poppy seeds are still in the custody of the public prosecutor and have not been released yet, Egypt’s Red Sea Port Authority said on Saturday quoted by Reuters. The agriculture minister said on Wednesday that the poppy seed variety found in the cargoes from France and Romania was not dangerous and the shipments would be released and ...
Trade: 70% of Romanian consumers remain faithful to brands (study)
Tuesday, September 19, 2017
Seven out of ten Romanians are open to continue buying products of companies which make mistakes towards them, as long as mistakes are repaired. On the other hand, 19% of consumers say brands in Romania are honest, according to a specialised study released on Thursday. In the same context of reaction to attitudes, 90% of people interviewed prefer people with certain flaws they acknowledge, to the detriment of perfect persons or those seeking ...
Telecom. IT: Romanian companies on the last places in EU on internet usage
Tuesday, September 12, 2017
At the beginning of 2016, the companies in Romania and Greece were on the last places from the European Union based on Internet usage, with 16, respectively 12 percent, while across the EU only 3 percent did not have a connection to Internet, according to the data published this Monday by Eurostat quoted by business-review.eu. Among the EU countries with Internet usage, most of them (95 percent) used fixed internet on broadband. However, the mobile ...
Agriculture : The production of wine is higher by 10-15% this year against 2016
Tuesday, September 12, 2017
The production of wine of Romania will be 10-15% higher this year against last year, around the quantity of 3.6 million hectolitre and from the point of view of quality, 2017 will be an exceptional one, considers the manager of the National Employer of Vineyard and Wine, Ovidiu Gheorrghe. As regards the production of wine, the representative of the employers’ association estimates for this year a growth at national level by 10 -15% against the ...
40% of agricultural land in Romania belongs to foreign investors
Tuesday, September 12, 2017
About 40% of the agricultural land in Romania belongs to foreign investors, according to a study the European Parliament carried out in 2015, reports local Ziarul ...
Infrastructure : Bulgaria and Romania Are to Build Another Bridge Over the Dunabe Near Russe
Tuesday, September 12, 2017
''Bulgaria and Romania are to build another bridge over the Dunabe near Russe’’, Bulgarias PremierBoyko Borisov announced on Sunday, quoted by novinite.com. The topic will be discussed during the joint Bulgaria-Romania intergovernmental sitting in October this year. In his words, a new bridge over the Dunabe can be built without state expenditures. The construction of a second Dunabe ...
Targu-Mures Airport – rehabilitation works of almost EUR 12m
Tuesday, September 12, 2017
Transilvania Airport Targu-Mures will be rehabilitated by almost EUR 12 million. Among other things, the take-off/landing runway will be repaired as well as the boarding/disembarking platform, romaniajournal.ro reads. According to a communiqué sent on Thursday by the Mures County Council, four offers were filed for the airport’s rehabilitation. “After checking and evaluating the four offers submitted in the ...
Reuters: Bucharest Airports plans $980 mln expansion at main airport
Tuesday, September 12, 2017
Romania’s state-owned firm Bucharest Airports aims to break ground on an airport expansion project worth 818.5 million euros ($980 million) in 2022 to cope with double-digit rises in passenger numbers, company officials said on Wednesday, Reuters correspondent reports. Passenger traffic across Romania’s 17 airports rose by roughly 30 percent in the first half of the year to 9.2 million passengers, the Romanian Airports Association ...
EU backs Romania with 155 mln euro for water infrastructure upgrades
Tuesday, September 12, 2017
The European Commission said on Tuesday it is providing 155 million euro ($184 million) to Romania to finance projects for modernization of water infrastructure in six counties, seenews.com informs. The financial support will be directed to six major projects in Arges, Dambovita, Maramures, Prahova, Satu Mare and Vaslui counties, the European Commission said in a press release. "Investments through the cohesion policy help ...
Commissioner Cretu: Romania badly needs investments in transports
Tuesday, September 12, 2017
Romania badly needs investments in transports, on Friday said the European Commissioner for Regional Development, Corina Cretu, adding that situation in this field is ...
Healthcare: EU funding worth EUR 320 mln in Romanian healthcare system for 2014-2020 period
Tuesday, September 12, 2017
The commissioner for regional policy, Corina Cretu, said last Thursday that Romania has EUR 320 million from European funds allocated for its healthcare system for 2014-2020 period and EUR 150 million are allocated for three regional hospitals in Cluj, Iasi and Craiova, business-review.eu reports. „Regarding the European funds in healthcare, I think that we don’t have so severe situations in hospitals, there is considerable progress, if we ...
Real Estate: Over 393, 000 sales of land and houses recorded in the whole country, from the beginning of the year
Tuesday, September 12, 2017
Over 393,000 sales of land and houses were recorded in the whole country, in the first eight months of this year, and in August there were traded at national level almost 57,000 houses, according to the data sent by the National Agency of Cadaster and Real Estate Publicity. Thus, in the first eight months of the year there were recorded in the whole country 393,294 sales, most of the sales of houses being in Bucuresti – 47,764,Cluj – 26,381 ...
IN QUARTER I 2017, 23057 DWELLINGS WERE BUILT, 1049 DWELLINGS LESS COMPARED TO QUARTER I 2016
Tuesday, September 12, 2017
In Quarter II 2017, 12973 dwellings went into use, 457 dwellings more compared to Quarter II 2016. In Semester I 2017, 23057 dwellings went into use, 1049 dwellings less compared to Semester I ...
RE/MAX Romania: 2017, the best year for the real estate market after crisis
Tuesday, September 12, 2017
2017 is the best year for the real estate market in Romania after the crisis, and for this reason more and more Romanians are interested in working in this field, RE/MAX Romania shows, romaniajournal.ro reports. Both entrepreneurs who open a business or buy a franchise on this segment, as well as those who are getting a job in a real estate agency, they do it because they feel a real opportunity to develop, although they often come from other areas of ...
Trade: Romanians’ alcoholic beverages consumption up by 5 pct in 2016
Tuesday, September 12, 2017
A Romanian consumed 30.156 liters of alcoholic beverages on average in 2016, an increase by 5 percent compared with 2015, business-review.eu reports. The biggest quantity is represented by beer, with over 16.584 liters, according to a release of the National Institute of Statistics (INS). Also, in 2016 a person consumed monthly 0.89 liters of wine in average, 0.21 liters of tuica (plum brandy) and natural rachiu ...