Economic
AIR FRANCE and KLM launch promo campaign for flights from Bucharest
Tuesday, September 17, 2024
At the beginning of autumn, AIR FRANCE and KLM invite all travel enthusiasts to explore the world at promotional prices. Until October 1, 2024, travelers can benefit from special fares to more than 50 destinations in Europe, the US, Canada and Asia. The promotion is valid for trips made between September 24 – December 12, 2024 and January 10 – March 31, 2025. Le Rendez-Vous by Air France: Discover America with promotional fares, ...
Trade: The retail turnover in July 2024
Tuesday, September 10, 2024
- Compared to June 2024, in July 2024 the retail turnover volume (excluding the trade with motor vehicles and motorcycles) increased as gross series by 4.6% and as adjusted series according to the number of working days and to seasonality decreased by 1.8%. - Compared to July 2023, in July 2024 the retail turnover volume (excluding the trade with motor vehicles and motorcycles) increased both as gross ...
Tourism : Number of arrivals and overnight stays in accommodation units in Romania, up seven months into 2024
Tuesday, September 10, 2024
The number of arrivals registered in tourist reception structures (including apartments and rooms for rent) in Romania totaled, in the first seven months of this year, 7.666 million people, an increase of 3.8% compared to the same period in 2023, while overnight stays increased by 3.4%, up to 15.975 million, according to the data published on Thursday by the National Institute of Statistics (INS).So, between January 1 and July 31, 2024, of the total number ...
Accor Announces The Debut Of Swissôtel Poiana Brasov
Tuesday, September 10, 2024
Accor hospitality group announces the opening of Swissôtel Poiana Brasov, introducing the Swissôtel brand to Romania for the first time. Located in the heart of Poiana Brasov, Romania’s most popular ski resort, the hotel is surrounded by the lush landscapes of the Postavarul Massif, making it an ideal escape for skiers, hikers, and nature enthusiasts. Swissôtel Poiana Brasov is ...
Cars: APIA: New vehicle registrations, down 23pct in August 2024
Tuesday, September 10, 2024
New vehicle registrations in Romania fell by 23% in August 2024, year-on-year, while the green vehicle segment declining 16%, of which full electric vehicles by 69%, according to statistics published on Thursday by the Association of Romania's Motor Vehicle Manufacturers and Importers (APIA).August 2024 witnessed a 24.5% decrease in new vehicle registrations, year-on-year, and a 27.2% decline on a monthly basisIn terms of market share, the ...
New car registrations up by 6.35 pct in first eight months, volume down by 22.64 pct in August
Tuesday, September 10, 2024
The number of new car registrations in Romania in the first eight months of this year reached 106,534 units, up 6.35% compared to the same period in 2023, according to data from the Romanian General Directorate for Driving Licenses and Vehicles Registration (DRPCIV), cited by the Romanian Automobile Manufacturers Association (ACAROM).According to the cited source, new car registrations fell by 22.64% to 9,972 units during the same period in 2024, compared to ...
Real estate: Average price of new houses went up to 1,709 euros/sq.m in Bucharest in semester 1
Tuesday, September 10, 2024
The average price of new houses in Bucharest went up to 1,709 euro/sq.m, in semester 1, 2024, on the rise by 29% compared to the same period of 2019, when it was 1,329 euros, said Razvan Ionescu, commercial manager at Imobiliare.ro. “Rising prices have not stopped in the last 5 years. There were times of uncertainty, but the increase was almost continuous and I have figures that show what happened ...
Companies Leased New Offices For Around 8,000 Employees During H1 2024
Tuesday, September 10, 2024
The net office take-up in Bucharest across Q2 exceeded the renewal and renegociation transactional volume for the first time during the last two years, with a positive impact on the average vacancy rate, given that no new office projects were delivered in H1, according to data from the Cushman & Wakefield Echinox real estate consultancy company. Close to 77,000 sq. m of office spaces were leased in ...
Romanian real estate investment market could reach 1 billion euro this year
Tuesday, September 10, 2024
The Romanian real estate investment market could again reach the threshold of 1 billion euros in 2024, under the conditions in which the first half of the year ended with a total value of 419 million euros, according to the report made by Colliers consultants on the evolution of the real estate market in the first semester of this year."The first half of 2024 ended with real estate transactions worth a total of 419 million euros in Romania, which represents ...
Infrastructure: Passenger air transport grew by 5% in semester I, 2024
Tuesday, September 10, 2024
Passenger air transport went up by 4.9% to 11,839,500 passengers in semester 1, 2024, compared to the same period of 2023, when it recorded 11,287,100 passengers, according to data released by the National Statistics Institute. “Air transport is one of the most used transport means by passengers who want to travel long distances in a short period of time. This transport means is more often used on ...
Air freight services went up 7.4% in semester 1, 2024
Tuesday, September 10, 2024
Air freight services (including mail) went up by 7.4% in semester 1, 2024, compared to the same period of 2023, to 24,400 tons to 26,200 tons, according to INS data. The highest shares of air freight were registered at Henri Coanda-Bucharest, with 7,100 tons of freight loaded and 11,900 tons of freight unloaded; Avram Iancu, Cluj-Napoca – 1,800 tons of freight loaded and 2,000 tons unloaded and ...
Agriculture: Farmers says crop and sunflower crops to record high losses because of drought
Tuesday, September 3, 2024
Corn crops will record high losses this year, of over 30%, because of the drought, while sunflower crops will recorded losses to exceed 25%, with the situation in agriculture in terms of agricultural production being much worse than last year, the head of the League of Agricultural Producers Associations of Romania (LAPAR), Nicu Vasile, said."In my opinion, corn losses will be more than 30%. We are not doing very well with sunflower either. ...
Healthcare: National health care system expenses, up 4.7% in 2022
Tuesday, September 3, 2024
The national health care system as a whole recorded current expenditures of 80.56 billion lei in 2022, up 4.7% compared to the previous year, according to data from the National Institute of Statistics (NIS), published on Friday.According to the statistics, 77.8% of the sources of financing in the health sector, or 62.66 billion lei, were public funds.Thus, in 2022, current expenditure for health amounted to 80.56 billion lei, an increase of 4.7% compared to ...
Real Estate: One United Properties restored One Gallery, a multifunctional hall for theatre performances, cultural events, as well as a museum area
Tuesday, September 3, 2024
One United Properties, the leading green investor and developer of residential, mixed-use, and office real estate in Romania, is currently carrying out restoration works on the former Ford Hall in Bucharest, which will be modernized into a sustainable mixed-use space. After restoration, it will open under the name One Gallery and will include, in addition to modern offices and a unique food market concept, ...
Top Investor Countries In Romania’s Real Estate 2024
Tuesday, September 3, 2024
The number of commercial real estate assets purchased by Romanian investors is by far the highest in the ranking, with a total of 12 properties acquired, priced between €1.4 million and €44.7 million, from the beginning of this year until the end of August 2024.The most significant acquisition by a Romanian investor this year was the Iride office complex in the Pipera area of Bucharest, purchased by Alin Niculae. Romanian investors have bought office buildings, hotels ...
PPF Real Estate Selects Strabag Romania as General Contractor for ARC Office Building in Bucharest
Tuesday, September 3, 2024
PPF Real Estate announces it has chosen the Romanian unit of Strabag as the general contractor for the construction of ARC, a premium office building to offer 30,000 square meters of space in one of Bucharest’s expanding commercial districts near the Basarab metro station. The ARC project is PPF Real Estate’s first development project in Bucharest, adding to the company’s existing office spaces available at Metropolis Center and ...
Tourism : Analysis: Romania is still below global standards on the luxury hotel market
Tuesday, September 3, 2024
The global luxury tourism industry will reach the value of 2.3 billion dollars by 2030, while Romania is still behind global standards of this market, with a smaller share of high-end facilities, says the latest edition of the 'Romania Hotel Market' report, published on Monday. According to Crosspoint Real Estate, the creator of the report, 13 important hotel projects are expected to be delivered locally, including five 5-star hotels and six 4-star ...
Infrastructure: New Coradia Stream Trains from Alstom in Romania: Testing Completed and Ready for Launch
Tuesday, September 3, 2024
Alstom has completed dynamic tests of the Coradia Stream trains for Romania, marking a significant step towards their entry into service, this is reported by the railway transport news portal Railway ...
Agriculture: Seven million hectares of farmland to be ensured against drought under singular mechanism
Tuesday, August 27, 2024
Romania will insure seven million hectares against drought under a singular mechanism in Europe by offering an insurance premium of RON 3,000 per hectare, Agriculture Minister Florin Barbu told a conference on great challenges and risks generated by climate change.And this is possible because "we have set up a risk fund under which 3% of the subsidy from the European Union is withheld from farmers, and by applying this mechanism under which we ...
Cars: Favorite used cars in Romania in H1 2024: Volkswagen, Audi, and BMW dominate the market
Tuesday, August 27, 2024
Over the years, Romanian buyers’ loyalty to German cars hasn’t diminished. This was revealed by a study conducted by the car data company carVertical, which identified the most checked car models in the first half of 2024. Among the most popular are used models from the Volkswagen, Audi, and BMW brands. The Volkswagen Passat remains the most desired car in the secondary ...