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Infrastructure : EC approved 170 million euros for the Bucharest Metro Line 5 project
Tuesday, July 19, 2016
The European Commission approved on Tuesday the two-stage phasing out of the Bucharest Metro Line 5 project, with the first being included in the 2007-2013 programming period for which EU co-financing amounts to around 170 million euros; funding for the second phase will be made available in the 2014-2020 programming period. "The European Commission approved today, July 12, 2016 the amendment to the major project 'Metro Line 5 Section Raul Doamnei - ...
Real estate : Eurostat: Romania is on the fifth place in a ranking of price increases in Europe
Tuesday, July 19, 2016
Romania, with an increase of 5.9pct in residential segment prices in H1 2016 is on the fifth place in a ranking of price increases in Europe, after Portugal (14.3pct ), Germany (11.24pct), Turkey (10.68pct) and Spain (6.64pct), according to a survey conducted in 15 European countries by a real estate consulting company, and issued on Tuesday. At the end of the classification there are countries such as Slovakia or Greece, where prices have dropped even ...
Real estate transactions in Romania grew by 80 pct in the first semester, says JLL
Tuesday, July 19, 2016
The volume of real estate transactions in Romania grew by 80 percent in the first semester compared with the same period of 2015, to an estimated EUR 340 million, according to property consultancy JLL quoted by business-review.eu. In the first six months there were registered both transactions of project acquisitions, and deals for the complete take over control of co-owners over some projects. Bucharest attracted almost 48 ...
Impact Romania registers contracts worth EUR 23.85 mln in GREENFIELD complex in H1 2016
Tuesday, July 19, 2016
Impact Developer & Contractor Romania has concluded over 300 contracts and selling pre-contracts for the apartments in the GREENFIELD project, a residential compound in Baneasa in the first semester of the year, summing a total of EUR 23.85 million (VAT included), business-review.eu reports. Records show that on average, there were 50 apartments contracted monthly, with a sales record registered in March consisting of 72 apartments sold. ...
Hanner enters the office segment in Romania following land acquisition in Grozavesti area
Tuesday, July 19, 2016
Hanner Holding, the developer of several residential projects in Romania, plans to expand in the office segment after acquiring part of the land plot of the former Grivita Beer Factory, in center-west Bucharest,business-review.eu informs. The company has purchased a 11,000 sqm land plot in Grozave?ti area. The property, which also includes three buildings classified as monuments – outbuildings Maltarie, Orzarie and Administrative Building ...
Cars: Dacia sales in the EU increased by 16.3% in June
Tuesday, July 19, 2016
Dacia sales recorded in June an advance of 16.3% in Europe (EU plus EFTA)and the market share of the car builder went up to 3.1% from 2.8% according to the statistics of the Association of the European Automobile Builders (ACEA) published on Friday. Registrations of Dacia in Europe were last month 46,252 units, up against June 2015 (39,779 vehicles). The French group Renault recorded in June an advance of deliveries of 19.9% ...
Tourism: The Bucharest inhabitants, the most active users on the online tourism
Tuesday, July 19, 2016
The Romanian tourists who choose to book online their trips look for offers for plane tickets, city break packages, hotel rooms booking and tourist consultancy through callcenter or live chat, according to a study made by the consultancy company GfK Romania. The least looked for service online is that of car rent. The research wanted to identify different behaviours of the tourists from Romania as well as to compare the agencies which dispute the local ...
Real Estate: Coldwell Banker: the selling prices for apartments will not be modified in the next months
Tuesday, July 12, 2016
Selling prices of the apartments in Bucharest will not be modified in the next months, neither upwards nor downwards, the present level being a correct reflection of the reality, Alexandru Pricop, managing partner of Coldwell Banker considers. ‘An average correct price should not go over 1,000 euro per square metre’ he said. At present, the real estate market is on stand-by, the buyers and sellers waiting for the ...
Infrastructure: Romania’s development strategy includes highways, bridges over the Danube and high speed rail tracks
Tuesday, July 12, 2016
PM Ciolos presented recently at the Palace of Parliament Romania’s development strategy, which includes projects such as building four highways, constructing two bridges over the Danube and two high-speed rail tracks, within 11 years or less. Romania’s development strategy for the next 20 years includes investments in road infrastructure, the expansion of airport infrastructure and exploiting tourist resources. The project was ...
'Henri Coanda' International Airport of Bucharest - 4th in ACI Europe ranking at 5 - 10 ml passengers per year category
Tuesday, July 12, 2016
The "Henri Coanda" International Airport of Bucharest (Otopeni) is on the 4th spot in the ACI Europe ranking of airports with the steepest increase in air traffic in May 2016 at the passenger traffic category 5 to 10 million a year, the National Company Bucharest Airports (CNAB) said in a release on Friday. The Berlin Schoenefeld Airport holds the top ...
Agriculture : New package of crisis measures for the dairy, pork, vegetables and fruit sectors will be presented on July 18
Tuesday, July 12, 2016
A new package of crisis measures for the dairy, pork, vegetables and fruit sectors will be presented on July 18 at the next Council of Agriculture ministers meeting, Minister of Agriculture Achim Irimescu told the International Food Forum in Bucharest this Friday. "European Commissioner for Agriculture Phil Hogan will present [the package] on July 18 at the next meeting of the Council of EU Ministers of Agriculture, because we are still faced with an acute ...
Minister Irimescu: Brexit impact on food prices in Romania can’t be estimated at present
Tuesday, July 12, 2016
The Brexit impact on the agro- food prices from Romania cannot be estimated at the moment because it was the first time when a state left the EU, says the Agriculture Minister, Achim Irimescu quoted by business-review.eu. „It’s hard to say at present. The prime minister said that there might be a global impact on budget of 10 percent. There are estimations that show 6 percent. It’s hard to foresee at present because it’s ...
Winemaker Cotnari wins eight gold medals at international wine contest 'VINAGORA-BUDAPEST'
Tuesday, July 12, 2016
Winemaker Cotnari has won eight gold medals at the international wine contest "VINAGORA-BUDAPEST" held recently in Hungary, under the rules and patronage of the International Organization of Vine and Wine, reads a company's release issued on last Wednesday. "The gold medal and Trophy for best local variety granted to Grasa de Cotnari, are even more precious ...
Romania's Q1 honey exports up almost 10 pct y-o-y
Tuesday, July 12, 2016
Romania's honey exports to EU and non-EU countries in Q1 2016 totaled 2,442 tons, up by almost 10 percent from the 2,235 tons registered in the similar period of 2015, shows data provided by the Ministry of Agriculture and Rural Development (MADR). Romania cashed 9.18 million euros from honey exports in Q1, by 14 percent more than the 8.06 million euros ...
Trade: A Romanian consumed fewer vegetables monthly last year against 2014
Tuesday, July 12, 2016
A Romanian consumed on average 7.55 kg of vegetables and canned vegetables monthly, dropping by 0.17 kg against the previous year, a publication of the National Institute for Statistics (INS) said. ‘The consumption of vegetables and canned vegetables was in 2015 – 7.55 kg on average every month per person, dropping by 0.17 kg/person against the previous year. The consumption of vegetables depends on the size and composition of the ...
THE RETAIL TURNOVER INCREASED BY 15.8% IN MAY 2016 COMPARED TO MAY 2015
Tuesday, July 12, 2016
As against the previous month, in May 2016 the retail turnover volume (excluding the trade with motor vehicles and motorcycles) decreased both as gross series by 4.7% and as adjusted series according to the number of working days and to seasonality by 1.6%. As against the corresponding month of the previous year, the retail turnover volume (excluding the trade with motor vehicles and motorcycles) increased both as ...
Tourism: DoubleTree by Hilton Opens in Romania
Tuesday, July 12, 2016
The DoubleTree by Hilton Sighisoara–Cavaler has opened in Sighisoara, Romania, marking the brand’s debut in Sighisoara and the sixth property in its portfolio in Romania, hotelbusiness.com informs. The property joins 70 other DoubleTree by Hilton properties open across Europe. The refurbished, upscale hotel features 74 modern guestrooms, including suites and loft rooms. Dining options include the Terasa Domnitei ...
Cars: Registrations of new cars dropped by almost 24 percent in June 2016
Tuesday, July 12, 2016
Registrations of new cars dropped by almost 24 percent in June 2016, to 8,838 units from the same period of 2015, shows data released by the Driving Licenses and Vehicle Registration Department (DRPCIV). There was a significant decrease regarding passenger cars, with registrations standing at 5,462, down 36.71 percent from 8,630 units registered in June 2015. Statistics show that Dacia was the most sought after car make, with 998 units - down ...
Telecom.IT : Over 2.8 mil Romanian Facebook users living in Muntenia; accounts reach 8.5 mil
Tuesday, July 12, 2016
Romania's southern province of Muntenia is topping the country's ranking of Facebook users, with 2.334 million users, followed far behind by the west-central province of Transylvania - 1.401 million users and the eastern province of Moldavia - 965,560 users, according to a count by Facebrands.ro, a monitoring service of Romanian Facebook pages. Out of the ...
Mobile internet consumption doubles in Romania in H2 2015
Tuesday, July 12, 2016
Romanian operators saw their mobile internet consumption double in the second half of 2015 compared to the first half of the year, according to local authority Ancom's online application for comparing telecom offers, Veritel.ro quoted by telecompaper.com. According to Ancom’s data, average users of mobile telephony and internet services configured on Veritel.ro consume 336 MB mobile internet traffic a month (compared to 167 MB in the previous ...