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Real estate: Over 75,000 properties traded nationwide in October 2014
Tuesday, January 13, 2015
Over 75,000 properties were traded nationwide in October 2014, by 7,973 more than in September and on the rise by 300 compared to October 2013, according to the statistics posted on the website of the National Agency for Cadastre and Real Estate Advertising (ANCPI). The most real estate transactions in 2014 were recorded by the ...
Rising transactions encouraged developers to begin new projects
Tuesday, January 13, 2015
The number of luxury dwellings in Bucharest grew by 12%, encouraging developers to begin big projects, according to Nordis representatives, a company with a portfolio of 2,500 properties in central areas. According to Nordis the new offer for luxury dwellings in 2014-2015 is over 500 apartments in luxury areas in Soseaua Nordului-Herastrau, Primaverii, Flotreasca, Kiseleff and Aviatorilor. Emanuel Postoaca, the general manager ...
Romania Real Estate Report Q1 2015
Tuesday, January 13, 2015
Having lagged behind much of Central and Eastern Europe (CEE) a robust and fast growing Romanian economy will provide the principal driver for the country's commercial real estate sector over the next two years. This stable backdrop will allow Romania to put itself increasingly on the radar of the international investment community as the country acquires something of a safe haven status amid political and economic upheaval to the east and west ...
Romania may see a rise in the demand for retail space this year
Tuesday, January 13, 2015
After four years during which most retailers in Romania have concentrated on consolidation and brand repositioning and less on expansion, 2014 has seen a more dynamic evolution which is expected to continue this year as well, according to representatives of real estate consultancy firm DTZ Echinox. As a result of improving retail sales, demand for all types of commercial spaces – including commercial galleries, ...
More luxury properties on the market
Tuesday, January 13, 2015
Increases in foreclosures, cautious residential developments, in parallel with the construction of new retail parks, more luxury properties on the market and increased interest in this segment are some of the characteristics of the real estate sector in 2015, Razvan Muntean, a real estate expert, told AGERPRES on ...
Tourism: The cut 9 pct VAT will also be applied in tourism
Tuesday, January 13, 2015
The cut 9 percent value-added tax (VAT) rate will also be applied the services related to the accommodation in tourist units sold or offered for sale at an overall price - dinner, supper, snacks between meals and tourist leisure&sport services offered by the tourist unit's own means, reveals a draft act for the modification of the methodological ...
Tourism – November and the period 1.I-30.XI.2014 : the arrivals in tourist accommodation structures rose by 5.4%
Tuesday, January 13, 2015
The number of arrivals and overnight stays in tourist accommodation structures recorded, in the first 11 months of 2014, increases by 6.4% and by 4.8% respectively, compared to the corresponding period in 2013, show the data released by the National Institute of Statistics (INS). According to the cited source, in November 2014, ...
Romanian tourists spend EUR 36.4 mln on New Year’s holiday
Tuesday, January 13, 2015
Over 161,000 Romanian tourists spent some EUR 36.4 million on New Year’s travel packages and parties, according to data from the Romanian Federation of Tourism Employers (FPTR) cited by Mediafax.One important trend this season was that the number of tourists that chose local destinations was up by 38 percent y-o-y, to a total of 152,000. The remaining 9,000 tourists traveled abroad and their number was ...
Infrastructure: A new bridge across Mures River to build between Romania and Hungary
Tuesday, January 13, 2015
The Timis County (western Romania) administration is going to build a bridge across Mures River between Cenad (Romania) and Csongrad (Hungary). The ambitious project will use European funds, as a part of the international cooperation of the Timis County Council. 'We will launch in the near future the negotiations on ...
Construction of 3rd bridge over Danube River important for Bulgaria’s Silistra, Romania’s Calarasi
Tuesday, January 13, 2015
Deputy Governor of Bulgaria’s Silistra District Mladen Minchev was a special guest for the feast day of Epiphany to the Romanian town of Calarasi at the invitation of its Mayor, Daniel Dragulin, the district administration announced. A joint working meeting was held with prefect Gheorghe Iacob, at which the possibility of the third bridge over the Danube River between Bulgaria and Romania being between Silistra and ...
Healthcare: Romania keen to tie up with Indian pharma sector
Tuesday, January 13, 2015
A Romanian delegation, led by their Health Minister Nicolae Banicioiu, said that the European country will tie up with Indian pharmaceutical companies to research and develop new drugs.“Romania will collaborate with India for license acquisition to sell drugs in Europe. We will tie up with the Indian companies and Romanian drug agency will inspect India’s pharma companies (for the same)”. “The ...
Romania’s rural areas need better medical services
Tuesday, January 13, 2015
Many people face huge difficulties when it comes to getting the medical care they are entitled to. One reason for this is the small number of family doctors in villages, in spite of the fact that 40% of Romania’s population lives in the countryside. People living in rural areas often have to travel to another village to see a family doctor and ...
Agriculture: Wheat, corn and barley exports grew by 20% in first 9 months to 6.67 million tons
Tuesday, January 13, 2015
Romania exported 6.67 million tons of wheat , corn and barley in the first 9 months of the year, on the rise by 20.6% against 2013, when 5.53 million tons of produce were delivered to foreign markets, according to a comparative analysis made on commercial exchanges of foodstuff in 2014. In the January-September 2014 period overall incomes obtained from exports of wheat, corn and barley exceeded 1.352 billion euros, more ...
Record produce exports in 2014, problems with animal husbandry
Tuesday, January 13, 2015
In 2014 agriculture was one of the key sectors of national economy, which brought record yields and incomes from exports of 4 billion euros in the first 9 months of the year.While farmers in the vegetal sectors boasted rich crops compared to 2013, they have to fight against the blue tongue disease in the cattle sector. This pest brought the animal husbandry sector losses of over 200 million euros. The Russian embargo on ...
Agricover Credit IFN receives a loan of 7 million euros from EFSE
Tuesday, January 13, 2015
The European Fund for South-East Europe (EFSE) has extended to Agricover Credit IFN a loan of 7 million euros to finance micro and small agricultural enterprises, according to a release of the financial institution ...
Cars: Car market on the rise by 24.1% in 11 months. Drops of national car industry by 3.5%
Tuesday, January 13, 2015
The car market in Romania recorded a 24.1% growth in the first 11 months of 2014, compared to the same period of 2013, while the national car manufacture dropped to 363,905 vehicles, according to APIA association. The national car manufacture dropped by 3.5% in the mentioned period of time, most cars being made by Dacia - 314,719 units. In the first 11 months Ford made 49,178 units in Romania (13.5%) and Roman ...
Trade: Topoloveni plum jam promoted at San Francisco Winter Fancy Food Show
Tuesday, January 13, 2015
The promotion of the Topoloveni plum jam, a Romanian 100% product, continues at international level, and at the beginning of this year it is officially presented in the Winter Fancy Food Show San Francisco, the biggest food industry exhibition on the US West coast, on Monday announced the producer's representatives, in a press ...
Production of drinking milk rose by 15.5% in the first 11 months of 2014
Tuesday, January 13, 2015
The production of drinking milk rose by 15.5% (30,844 tonnes) in the first 11 months of 2014 compared to the same period in 2013, having totaled 230,201 tonnes, whilst the quantity of imported milk decreased by 20.5%, from 87,722 tonnes to 69,763 tonnes at end-November, according to the data released on Monday by the National Statistics Institute ...
Telecom. IT : 2014 in Review: IT sector
Tuesday, January 6, 2015
The Romanian IT market surged by 9.1 percent in 2014 to a total of EUR 1.2 billion, exceeding most countries in the region, but nevertheless the industry suffered a stain on its reputation due to the outbreak of scandals that involved major international and local names in both the local administration and private sector. The 9.1 percent progress of the IT setor was attributed to strong economic growth and Romania’s ...
Trade: 2014 in Review: Retail
Tuesday, January 6, 2015
A focus on smaller retail formats, online expansion and an overall slowdown in store openings were some of the main developments on the local FMCG retail market in 2014. Fashion and footwear retailers saw their expansion hindered by the lack of new shopping malls being opened while the DIY market underwent some drastic changes. Grocery retailers bet on small formats FMCG retail players opened a total of ...