RSS
Economic
GfK survey: Romania's durables market rose to 449 million euros in Q2 2015
Tuesday, August 18, 2015
Romania's durables market rose to 449 million euros in Q2 2015, up by 6.4pct compared to the same period of the previous year, with telecom sector having recorded the highest increase in sales, of over 15pct, show the data of GfK TEMAX Romania survey, released on Monday. On the other hand, the electronics sector recorded a surprising drop in sales of 3.3pct in Q2 ...
Real Estate: Acquisitions spur New Europe Property Investments: Growing its exposure in the Romania market
Tuesday, August 18, 2015
Acquisitions and property developments across Romania-focused shopping centre owner New Europe Property Investments (NEPI) buoyed the counter to report a 24% increase in distributable earnings for the six months to June 30. The rand hedge counter, with a market capitalisation of R39 billion, has declared a distribution to shareholders of €18.17 cents per share. NEPI says its earnings were also due in part to the performance ...
Cars: Ferrari, Lancia, Lamborghini and McLaren registred in July
Tuesday, August 18, 2015
Such luxury cars as Ferrari, Lancia, Lamborghini and McLaren got to the garages of Romanian owners in July, shows the statistics drawn up by the Directorate for Driving Licences and Vehicle ...
Infrastructure : Traffic on the Sibiu airport increased by over 32 percent in H1 of the year
Tuesday, August 18, 2015
Traffic on the Sibiu airport increased by over 32 percent in the first half of the year, shows the latest report published by the airport trade body Airport Council International (ACI) Europe, which includes statistical data for all types of civil aviation passenger flights on European airports: network, low cost, charter and ...
Henri Coanda Airport ranked No. 4 among European airports with highest air traffic growth
Tuesday, August 18, 2015
Airports Council International ranked Henri Coanda International Airport of Bucharest Europe No. 4 among the airports having recorded the highest growth of the air traffic in the first half of 2015, in the group of the airports welcoming between 5 and 10 million passengers a year. The top three airports in this group included Milan-Bergamo, Porto and Glasgow, with Budapest ranking ...
Telecom. IT : More than half of Orange Romania customers have smartphones
Tuesday, August 18, 2015
Over 50 percent of customers of Orange Romania have smartphones and the demand for this type of mobile equipment is still high, Orange Romania's CEO Julien Ducarroz told local paper Ziarul Financiar during an interview. The market for tablets and smartphones will continue to rise this year, Ducarroz said. He expects growth to come from two main sources, namely people who do not have a smartphone and who buy one and those who have one but wish ...
Tourism : Number of Romanian tourists in Bulgaria, less by 50% this year
Tuesday, August 18, 2015
“There is a huge drop in the number of tourists from the EU, it is of around 300,000,” Bayko Baykov, Chairperson of the Association of Bulgarian Tour Operators, said speaking in an interview with FOCUS News Agency.“Speaking in separate countries, we have stabilisation at the market in Germany, which is a relatively good index but unfortunately also the only one that calms us down. Speaking of Greece the drop is of 50%, Spain – ...
Agriculture: Isarescu: No negative impact for wheat, substantial decreases for corn and potatoes
Tuesday, August 11, 2015
The wheat yield does not register drops this year, while corn, potatoes and sunflower record substantial decreases, says BNR (Romanian central bank) governor Mugur Isarescu. He added there will not be a major impact on foodstuff prices in conditions of macrostability. “There are no drops for wheat, but there are substantial decreases for sunflower, corn and potatoes. We do not see an impact on Romania based on these data. There are large stocks ...
Measure on rural infrastructure will be launched in early September
Tuesday, August 11, 2015
The Agriculture Ministry has opened so far the main 10 measures in the new National Rural Development Programme (PNDR), with funding of over 900 million euros, and the measure on rural infrastructure will be launched in early September, Agriculture Minister Daniel Constantin told ...
Real estate: A quarter of new houses are in Bucharest and Ilfov county
Tuesday, August 11, 2015
2,500 houses, about 1,000 units more than in the boom period were delivered in quarter 1 in Bucharest and surrounding area. The capital city and Ilfov county cover a quarter of new houses completed at national level, compared to 18% last year. That area is the main “construction pole”in the residential area, according to a ZF analysis based on statistic data. In quarter 1, 2015, 2,500 houses were delivered in the Bucharest-Ilfov area (with ...
Cluj-Napoca, the city with the most expensive apartments in Romania
Tuesday, August 11, 2015
Cluj-Napoca consolidated its position as the city with the most expensive apartments, at the end of July the owners asking on average 4,000 euro more than for the apartments in the capital city, according to the study made by a real estate site. The owners of one-room apartments in Cluj-Napoca asked for their houses in July on average 39.316 euro, while in the capital city the average price was 35,174 euro, approximately 4,000 euro lower. At a ...
Rent prices rise across Romania
Tuesday, August 11, 2015
Rent prices asked by owners, in Romania, ranged this July between EUR 230 (for a studio) and EUR 380 (for two bedrooms) in Bucharest, according to a report by Imobiliare.ro. This places the prices at the same level compared to the same month of last year, only two bedroom apartments registering a slight increase of some EUR 20 per month. The report also covers main university centres across Romania, showing slight increases in prices asked for ...
Healthcare: Timisoara Regional Institute of Oncology starts the building works
Tuesday, August 11, 2015
The Inter-ministerial Council for the approval of the public works of national interest and housing has endorsed, at the Health Ministry's proposal, the start of the building works at the Timisoara Regional Institute of ...
Infrastructure: Constanta: Record traffic on shipping canals
Tuesday, August 11, 2015
The traffic of goods and ships on the Danube-Black Sea Canal and the variant Poarta Alba-Midia Navodari register the highest operation values since its inauguration. According to Anastasie Severin, the exploitation manager of the National Company for the Administration of Shipping Canals Constanta, the daily traffic of goods varies between 110,000 and 170,000 tons at present. “In the last 7 months of the year, the two ...
Contract reviewing feasibility study for Bucharest-Brasov highway
Tuesday, August 11, 2015
The National Motorways and National Roads Corporation (CNADNR) organizes a tender for the service contract reviewing the feasibility study for Bucharest-Brasov highway, Comarnic-Predeal and Predeal-Cristian sections, a value estimated at 16.4 million lei. “The project is meant to build the ...
Air traffic at Avram Iancu International Airport of Cluj-Napoca, up 30 percent by this mid-year
Tuesday, August 11, 2015
Air traffic at Avram Iancu International Airport of Cluj-Napoca was up 30 percent by this mid-year as compared to the same period a year ago, Cluj County Council chairman Mihai Seplecan announced at a news conference on Thursday. It is anticipated that 1.4 million passengers will be carried from the airport this year, so the County Council will soon start ...
National Road Management Corporation tenders roads maintenance contract worth almost 16 ml euros
Tuesday, August 11, 2015
The National Motorways and National Roads Corporation (CNADNR) is putting out to tender a contract with an estimated value of almost 70 million lei (approximately 16 million euros) VAT excluded, for the purchase of a system for the management and maintenance of the national roads the service life of which has run out and which have worn out bituminous surfaces, the company said in a release CNADNR ensures the management and maintenance of the national ...
Cars: More new motor vehicle registrations in July
Tuesday, August 11, 2015
The number of new motor vehicle registrations went up in July by 14.72 per cent, to 12,253 units, compared with the same month of the previous year, according to the data of the Driving Licences and Car Registration Directorate (DRPCIV) released on ...
New registrations of road vehicles increased by 12.9 per cent in Romania in H1
Tuesday, August 11, 2015
New registrations of road vehicles for passenger transport increased by 12.9 per cent in Romania in H1, 2015, to 151,661 units, compared with 134,378 units in H1, 2014, according to data released by the National Statistics Institute (INS) on ...
Trade: Growth of up to 25pct in the meat processing industry
Tuesday, August 11, 2015
The slashing of the value-added tax on agri-food products from 24 percent to 9pct on June 1 triggered a year-on-year growth of up to 25pct in the meat processing industry, the president of Romanian Meat Association (ARC) Radu Timis revealed in a Tuesday press ...