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Economic
Bucharest land market hit a new record high în 2016
Tuesday, May 16, 2017
The Bucharest land market last year hit a new record high, with an aggregate of 110 hectares of land property traded, 144 pct more than in 2015; the money value of the properties was 127 million euro, up 41 pct from the previous year, according to a a survey by a real estate ...
Agriculture: The quantity of cow’s milk collected by processing units in March 2017 up 5.9% from March 2016
Tuesday, May 16, 2017
The quantity of cow’s milk collected by processing units from agricultural holdings and collection centres in March 2017 increased by 19.9% compared to February 2017 and was up ...
Infrastructure: Only 40% of Romania’s railway is connected to the power grid
Tuesday, May 16, 2017
Only 40% of Romania’s railway is connected to the power grid, impacting the optimal operation of the train transport system and preventing an increase in the number of passengers, according to an analysis of the National Railway Supervision Council (CNSDF) within the Competition Council, quoted ...
Trade: Salmon and mackerel sales grew 5% last year
Tuesday, May 16, 2017
Sales of salmon and mackerel grew by 5% in 2016 compared to the previous year. They were followed by white cod and hake, according to an analysis made by Romfood Trading, one of the main importers and distributors of fish and seafood in Romania.The company mentions that once VAT dropped, the purchase power has grown and Romanians pay great importance to the quality of fish they buy. Last year, salmon and mackerel sales were the highest in the Romanian ...
Tourism: Romania to enhance engagement with travel trade in India to promote destination
Tuesday, May 9, 2017
As part of its new Asia strategy, Southeastern European country of Romania will be looking at more trade engagement in travel and tourism with Indian travel trade in coming years to promote their destinations, travelbizmonitor.com reads. As part of their Asia strategy, Romania has set up a representative office in Beijing in China recently, which will also monitor and coordinate India market activities along with the Embassy here in Delhi. Informing this in a ...
ANAT: sales of travel agencies for the 1 May holiday, higher by 12 percent compared to 2016
Tuesday, May 9, 2017
The sales of travel agencies for the 1 May holiday were higher by 12 percent compared to last year, and 42 percent of the tourists have bought packages for Romanian seaside resorts, according to a release of the National Association of Travel Agencies (ANAT) sent on ...
Around 94,000 tourists spend EUR 3.5 million on 1 May holiday
Tuesday, May 9, 2017
Around 94,000 tourists have spent this year the 1 May holiday in the country's rural areas, as well as in various resorts and spas, shelling out as much as EUR 3.5 million, by 20 percent less than in 2015, reads a release by the Romanian Tourism Employers' Federation (FPTR). The main attraction of this 1 May holiday was the rural area, as ...
Real Estate: JLL: Vacancy rate of industrial and logistic areas in Bucharest close to zero
Tuesday, May 9, 2017
The vacancy rate of industrial and logistic areas in Bucharest are close to zero, when demand has exceeded offer of new areas seven times in the first quarter of the year and banks have become interested even in speculative projects, the real estate consulting company JLL Romania announced on Tuesday. 27,000 square meters of industrial areas were delivered in the first quarter, while the net demand was seven times higher, reaching about 180,000 sq.m, ...
Prices for houses and apartments in urban areas to increase by 8-10 percent until the end of 2017
Tuesday, May 9, 2017
Prices for houses and apartments in urban areas of Romania will increase by 8-10 percent until the end of 2017, compared to the rates of 2016, according to an analysis carried out by company of a real estate ...
Hili Ventures acquires business centre in Romania for 30 mln euro
Tuesday, May 9, 2017
Hili Properties, the real estate division of Hili Ventures, said on Friday it has finalised the acquisition of ART Business Centre in Bucharest from FBC Exclusive Company for 30 million euro ($32.8 million). Located in the northern part of Romania’s capital, the nine-storey property has 18,600 square metres of gross leasable area and sits on a footprint of 3,400 square metres. The three underground floors accommodate 407 parking spaces, Hili ...
Tibbett Logistics expands multi-user warehousing capacity in Romania
Tuesday, May 9, 2017
Tibbett Logistics, the Romania-based transport, intermodal and contract logistics specialist within The Keswick Enterprises Group, is again extending its warehousing operations in Romania with the signing this week of two new long-term leases with CTP – a leading Central European industrial property developer, ...
Cars: In Quarter I 2017, the new registrations of passenger cars increased by 74.4%
Tuesday, May 9, 2017
In Quarter I 2017, the new registrations of road vehicles for passenger transport increased by 73.0% compared to quarter I 2016. In Quarter I 2017, the new registrations of vehicles for goods transport increased by 3.6% ...
In March, a number of 183 electric and hybrid cars were sold
Tuesday, May 9, 2017
Romanians have bought, in Q1 of 2017, 407 new eco-cars (electric and hybrid), increasing by +223 percent, twice as high compared to the same interval of 2016, when 126 units were recorded to have been sold, the statistics of the Automotive Manufactures and Importers Association (APIA) reveals. Therefore in the period between January and March 2017, compared to the first three months of the previous year, the share of "eco" vehicles out of the overall sales ...
Second-hand cars market doubled in Q1 2017
Tuesday, May 9, 2017
The second-hand cars market doubled in Q1 2017 from the same period of the year before, nearing 130,000 units, shows data published on Wednesday by the Autovit.ro site. "As an effect of the scraping of the green stamp as of February 1, Q1 2017 was special. Registrations exploded, especially for imported and used cars and for re-registered cars, while the new vehicle segment saw the highest growth in recent years. This was mainly due to the registration of ...
Infrastructure : CIAS: the number of civil aviation occurences reported in Romania increased last year by 13%
Tuesday, May 9, 2017
In Romania, there recorded last year 1,531 occurences of civil aviation with 13.1% more than the previous year, after a drop in 2015 advance appeared especially in the area of cargo, while the number of serious occurences increased nine times, according to the annual report published b the Centre for Investigation and Analysis for the Safety of Civil Aviation (CIAS) institution under the subordination of the ministry of transport, responsible for investigations regarding the ...
Romanian flag carrier Tarom leases two new aircraft
Tuesday, May 9, 2017
Romanian flag carrier Tarom said it has signed a contract for the lease of two series 800 NG new Boeing aircraft of 189 seats each, seenews.com informs. The aircraft will be leased for ten years and will join Tarom's fleet this month, the air carrier said in a press release on late Friday. Following the company's call for international offers, it emerged that the two Boeings were the only new aircraft currently available for ...
Telecom. IT : UPC Romania adds 17,500 RGUs in Q1
Tuesday, May 9, 2017
UPC Romania had 2.923 million homes passed in Q1, up by 34,800 compared to the previous quarter. The number of two-way homes passed grew by 38,600 to 2.877 million, telecompapr.com informs. The total number of customer relationships decreased by 5,100 to 1.291 million, the first sequential decline after 7 quarters. Total revenue-generating units (RGUs) increased by 17,500 to 2.291 million. UPC Romania's number of analog TV subscribers fell by 8,400 to ...
Healthcare: Health Minister wants a high-capacity vaccine production line to open at the Cantacuzino Institute of Bucharest
Tuesday, May 9, 2017
Health Minister Florian Bodog said Wednesday evening that he wants a high-capacity vaccine production line to open at the Cantacuzino Institute of ...
Healthcare: Medical service supply in Romania, under European average
Tuesday, May 2, 2017
Jacek Glinka, the president of Medicines for Europe Association, present at the International Health Forum, declared that Romania is last in Europe for the supply of medical services and said that a sustainable budget would solve the problem. State councillor Diana Paun shares the same opinion. When explained the need for balance in the budget allocated to the health sector in Romania. “We are preoccupied by having ...
Private health insurances cover only 1% of market ( Experts)
Tuesday, May 2, 2017
Insurance companies point to the fact that 1% of the national health system is ensured by private contributors, while a normal trend would mean a 10% increase. In Romania, 30% of hospitals are private, but only 5% of Romanians have private health insurances. According to insurers, the private health system has known an increase in the past year, but it is under the European average. This increase is determined by a relatively ...