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Infrastructure : Almost 14.7 million passenger recorded in 2023 at the two airports based in Capital City Bucharest
Tuesday, January 23, 2024
Air traffic registered at the Henri Coanda International Airport Bucharest and Bucharest-Baneasa Aurel Vlaicu International Airport, in 2023, increased by 16.56% compared to the previous year, up to 14,698,845 passengers, according to data published on Tuesday by the Bucharest Airports National Company (CNAB).From the total number, 14,630,715 passengers were recorded at the Henri Coanda Airport (+16.11% compared to 2022), while the passenger traffic at the ...
Wizz Air to resume Tel Aviv service starting March 1
Tuesday, January 23, 2024
Starting March 1, 2024, Wizz Air will resume service to Tel Aviv from six European cities, Bucharest included, the budget airline said in a release on Wednesday.The frequency of flights from Bucharest, Budapest, Sofia, London, Krakow and Rome to Tel Aviv will be three times a week, and tickets are available on the company's website and via the dedicated mobile app, for prices starting from RON 99.Wizz Air, the fastest growing European low-cost ...
Passenger traffic at Romanian airports in 2023 advances 17pct
Tuesday, January 23, 2024
Almost 25 million passengers were recorded at Romanian airports in 2023, up 17% from 2022, according to the Association of Romanian Airports.As against 23.234 million in 2019, the advance is 6%."We are happy to note that passenger traffic in Romania has recovered strongly and exceeded the values recorded before the COVID-19 pandemic. By comparison, air traffic in Europe will probably reach the values of 2019 only at the end of this year. In ...
Cars:Dacia sells 46,124 vehicles in Romania in 2023
Tuesday, January 23, 2024
In 2023, the Dacia car manufacturer sold 46,124 vehicles in Romania, up 14.8% from 40,179 units in 2022, according to a Dacia press statement released on last Tuesday.In 2023, the top five best-selling car models in Romania were entirely occupied by the Dacia range.Topping the sales ranking by model was the Logan - with 14,269 units, up 25% from 2022. In second place is the Duster, with 10,908 units (10,161 vehicles, in 2022), and in the third ...
Electric cars end 2023 with market share of 24.4 pct of total sales in Romania
Tuesday, January 23, 2024
New car registrations in Romania increased by 11.6% in 2023 compared to the previous year, with electric cars jumping 25.9% to a market share of 24.4%, according to data from the Directorate of Driving Licenses and Vehicle Registration (DRPCIV), processed by the Association of Automobile Manufacturers and Importers (APIA).According to the statistics published on Thursday, in the national market, in the top ten brands of passenger cars and ...
Real Estate: Colliers: Top 10 predictions for the Romanian real estate market in 2024
Tuesday, January 23, 2024
Romania’s real estate market remains a sector with high growth potential, even if the pace could be slower in 2024 than before the pandemic, Colliers consultants predict in ”Top 10 Predictions Romania 2024” ...
Survey: 2024 Real Estate Market Predictions And 2023 Property Decisions Retrospective
Tuesday, January 23, 2024
A large part of those who plan to make a real estate purchase in 2024 anticipate a decrease in housing prices (60% of respondents). At the same time, owners who want to sell or rent mostly expect prices to rise, both for apartments for sale (39% of respondents) and for rent (40%). Regarding the evolution of mortgage interest rates in 2024, the majority of respondents (38%) predict a decrease in them, according to the latest survey of users of Storia, the real ...
23 Investment Transactions With Average Value Of EUR 21.5 M Concluded In Romania Last Year
Tuesday, January 23, 2024
2023 was a difficult year for the real estate investment market. In Europe, preliminary data shows that the total investment volume dropped by more than 50% compared to 2022. Romania attracted investments worth around 500 million Euro, 60% less than the previous year. Last year, 23 investment transactions were concluded on the Romanian market, with an average value of 21.5 million Euro. 10 of these, ...
The development activity in the retail market remains animated: Close to 215,000 sq. m were delivered in 2023
Tuesday, January 23, 2024
Developers completed 11 retail projects in 2023, totaling approximately 215,000 sq. m, a record level during the past 7 years, with retail parks having a 60% share, with cities such Bucharest, Craiova, Alba Iulia, Arad, Giurgiu, Vaslui benefiting from such investments. The investment plans for the next 5 years are also consistent, given that more than 500,000 sq. m of retail spaces are currently under construction or in different planning stages, according to data from the ...
Telecom. IT: Orange Romania will gradually abandon 3G technology, starting June 2024
Tuesday, January 23, 2024
Orange Romania announces the gradual closure of the 3G network, starting from June 2024, a measure that will allow the company to focus its efforts on the development of 4G/5G networks, as well as other emerging technologies, which will ensure the needs of communication and Internet access for years to come following. Through this initiative, Orange aims to offer all its customers a better connectivity experience, and the spectrum and resources previously used by 3G will be ...
Tourism: Romanian Tourism In 2023: Perspectives From Hoteliers
Tuesday, January 16, 2024
According to a survey conducted by the online hotel platform Travelminit.ro, 51% of hoteliers and owners of guesthouses, villas, and guest homes in Romania express satisfaction with the reservations recorded at their accommodation in 2023. 33% of respondents take a neutral stance, while the remainder feel that they could have had a better tourism year. Moreover, 50% of those surveyed believe that it was the best year for the tourism industry in Romania since the ...
Nordis Mamaia, a new luxury hotel on the Romanian Black Sea Coast
Tuesday, January 16, 2024
The Nordis Group recently inaugurated its new luxury hotel, the Nordis Mamaia in Mamaia on the Black Sea in Romania. It is the most important hotel investment in Romania in the last 30 years and the largest luxury leisure hotel in Central and Eastern Europe. Nordis Group celebrated the opening of the hotel with a New Year’s Eve event, marking the entry into the soft opening phase and the anniversary of 15 years of excellence in real estate on the Romanian ...
Trade: In 2023, 7 Out Of 10 Romanians Who Used The Internet Placed At Least One Order Online
Tuesday, January 16, 2024
Online commerce is gaining momentum in Romania both at the urban and rural levels, according to the data of the National Institute of Statistics (INS) published in the report “Population access to information and communication technology in 2023″, analyzed by ARMO. Face from the previous year, in 2023 the share of people who ordered goods or ...
Telecom. IT: Software industry still on the rise as sales of electronics and appliances drop
Tuesday, January 16, 2024
In 2023, the technology sector was under the sign of Artificial Intelligence, which took a big leap forward with generative AI. It should not come as a surprise that there will be generative AI tools in all the devices we use, with new apps and features that will change the way we interact with technology. Changes will also appear in the way business is conducted in various sectors, as new processes are being developed with the help of generative ...
Healthcare: Romania ranks first in EU in the number of deaths with a preventable or treatable cause
Tuesday, January 16, 2024
Romania ranks first in the European Union (EU) in the number of deaths with a preventable or treatable cause, according to the 2023 State of Health in the European Union ...
Real Estate: Analysis: The real estate market will be influenced by the contraction of consumption, the cost of financing and the evolution of inflation
Tuesday, January 16, 2024
Macroeconomic uncertainty, consumption contraction, interest rates and also inflation are the main factors which may impact the Romanian real estate market, according to the real estate investors and developers who responded to the second edition of the Cushman & Wakefield Echinox “Real Estate Investors Sentiment Barometer”. However, despite all the above-mentioned issues, investors remain positive and their expansion ...
Land market remains robust in Romania, ending 2023 on a strong note
Tuesday, January 16, 2024
The volume of land sales for commercial real estate projects in Romania (excluding for industrial and logistics projects) declined by less than 10% from the 2022 level of 450 million euro, and remains considerably above pre-pandemic levels, according to Colliers estimates. The start of the year and the final months of 2023 contributed significantly to a solid year in the land market, with the middle quarters seeing a slowdown ...
Infrastructure : Brasov Airport will have 16 hour programs
Tuesday, January 16, 2024
The Administration of Bra?ov-Ghimbav International Airport is preparing to adopt a 16 hour program, between 7.00 a.m and 11.00 p.m., as of January 15, according to promisses made, Rador News Agency announces, quoting Brasov Radio station. “As of January 15, the program will be extended. There are documents in that respect, there are employees prepared and people who are waiting to start work. ...
Gov't approves financing agreement with EIB for construction of A3 Motorway segment
Tuesday, January 16, 2024
The Government approved the financing contract between Romania and the European Investment Bank, worth 200 million euros, signed in Bucharest on November 16, 2023 and in Luxembourg on November 20, 2023, regarding the construction of a segment of the A3 highway, between Nadaselu and Poarta Salajului, with a length of 42.3 km.According to a press release sent by the Executive, the main objective of the project is the construction of a segment of the A3 ...
Road transport of goods, up by 1.2%, in first 9 months of 2023, railway down by 11.6%
Tuesday, January 16, 2024
The road transport of goods registered, in the first nine months of 2023, an increase of 1.2% in terms of the volume of transported goods, compared to the similar period of the previous year, out of a total of 241.381 million tons, 83% being registered in national transport, according to the data centralized by the National Institute of Statistics.The course of goods increased by 2.9% compared to the period January-September 2022, in national transport ...