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Cars: Electrified automobiles almost double market share January through July
Tuesday, August 30, 2022
The market share of new green cars in Romania, in total car sales, reached, in the first seven months of 2022, 20.7%, almost double compared to the same period of last year, when the share was 11.2%, the data of the Association of Car Manufacturers and Importers (APIA) inform.According to the market analysis, the number of electric and full hybrid automobiles sold in Romania between January and July 2022 was 14,485 units, of which 5,560 units (38.1%) are represented ...
Real Estate: Real estate deals worth EUR 1.2 bln under negotiation in Romania
Tuesday, August 30, 2022
Real estate investment transactions estimated at around EUR 1.2 billion are currently in various stages of negotiation in Romania as the appetite for income-generating assets remains high, according to data from the real estate consultancy company Cushman & Wakefield Echinox. Since the beginning of the year, the total investment volume reached over EUR 600 million, out of which EUR 315 million was the value of deals closed in the first semester. ...
Agriculture: USDA: Romania’s maize exports may drop by 2 mln tonnes this year
Tuesday, August 23, 2022
Maize, the main agri-food commodity exported by Romania, will be exported in much smaller amounts in the 2022/2023 commercial year, according to the projections included in the latest report of the US Department of Agriculture (USDA). The USDA revised the EU's exports downwards by 2 million tonnes, due to the drought in Romania. EU maize exports could halve this commercial year due to the drought that ...
Cars : New vehicle registrations in Romania advance 12.1pct seven months into 2022
Tuesday, August 23, 2022
As many as 70,028 new motor vehicles were registered in Romania in the first seven months of 2022, up 12.1% y-o-y, according to data with the Association of Automobile Manufacturers and Importers (APIA).After a significant development in the first months, July 2022 witnessed a 18.9% decrease in vehicle registrations on a yearly basis, after five months of growth since the beginning of this year."If we compare it to previous years, the month of ...
H1 turnover of motor vehicle, motorcycle trade up 4.5 pct YoY
Tuesday, August 23, 2022
The turnover in wholesale and retail trade, maintenance and repair of motor vehicles and motorcycles in H1 2022 was 4.5 percent up in unadjusted terms from the same period of 2021, shows data released on last Thursday by the National Institute of Statistics (INS).The advance of the turnover of wholesale and retail trade, and the maintenance and repair of motor vehicles and motorcycles was the result of growth in the trade in motor vehicle parts and ...
Infrastructure: Wizz Air opens Suceava base
Tuesday, August 23, 2022
Wizz Air has opened a new base in Suceava, further expanding its operations in Romania. With the allocation of two modern Airbus A321neo aircraft, Wizz Air now offers 11 routes to 7 countries from Suceava “?tefan cel Mare” International Airport. The new aircraft will support operations on five new routes to Paris-Beauvais (France), Brussels-Charleroi (Belgium), Venice-Treviso (Italy), ...
Bolos : The transport infrastructure is the most complicated and the most complicated milestone Romania has
Tuesday, August 23, 2022
The ministry of investments and European Projects (MIPE), Marcel Bolos, stated that the transport infrastructure is the most complicated milestone which Romania has in the National Recovery and Resilience Plan (PNRR) . ‘The transport infrastructure is the most complicated and the most complicated milestone which Romania has and the 429 km are a touchstone for ...
Real estate: CBRE: About 500,000 logistic areas rented in first half of 2022
Tuesday, August 23, 2022
About half a million square meters of logistic areas were rented in Romania in the first semester of the ongoing year, according to a report of real estate consulting company CBRE Romania. The overall stock of industrial and logistic areas in Romania exceeded 6 million sq.m. at the end of the first semester of 2022, when 373,000 sq.m. were added.The overall renting activity in semester 1, 2022 is by 38% higher than in the same period of ...
Bucharest's modern office space stock at 3.3 ml sqm in Q2
Tuesday, August 23, 2022
Bucharest's modern office space stock reached 3.3 million sqm in Q2 2022, reveals a survey by real estate consulting company Cushman & Wakefield Echinox.The handover of the second, 25,000 sqm phase of the AFI Tech Park project located in the Center-West area has propelled Bucharest's Center-West to the top position among the Capital City's office hubs, with a stock of 579,600 sqm; the Floreasca - Barbu Vacarescu area, which totals 569,700 sqm of office space, ...
Average price increase between 10% and 22% for new apartments in Bucharest
Tuesday, August 23, 2022
The asking prices for new apartments in Bucharest continued their upward trend in the second quarter of this year, compared to the same period last year, as revealed by the joint analysis of Premier Estate Management and Imobiliare.ro. The analysis considers the requested prices for apartments built between 2019-2022 based on 7,831 listings on Imobiliare.ro. The average increases for the mass-market, medium, medium-high, ...
Healthcare: Unique device measuring pulmonary resistance on respiratory tract, at western Victor Babes Hospital in Timisoara
Tuesday, August 23, 2022
Pulmonary resistance on the respiratory tract, in patients who present possible obstructive or restrictive pulmonary diseases, such as obstructive pulmonary disease (COPD), asthma or pulmonary fibrosis, can now be measured with a unique device in the west of the country, oscillometer, at the Victor Babes Hospital for Infectious Diseases and Pulmonology in Timisoara, said on Tuesday the coordinator of the Functional Explorations Laboratory of the Victor Babes Hospital in ...
Real Estate: Deloitte study: Romania remains among the European states with the cheapest housing
Tuesday, August 16, 2022
Romania ranks second in the top of the European countries with the cheapest housing, after Bosnia and Herzegovina, according to Deloitte Property Index 2022, conducted in 23 countries and 68 cities, with an average price of 1,266 EUR/sqm, calculated based on data from the main cities and towns in the country. Compared to the previous year, the average price is 7.3% higher. The list of countries on the continent with the lowest average prices also includes Serbia ...
The average price of house trading exceeded 100.000 euros in the first half of the year
Tuesday, August 16, 2022
The average house trading price exceeded EUR 100.000 in the 1 semester of this year, registering an increase of about 10% compared to the same period last year, according to re/MAX Romania, part of the real estate group and the number 1 global franchise in this segment. The dynamics of the market, the influence factors, namely the main trends and perspectives are ...
CBRE:Romania modern stock of office spaces reached over 4.3 mln sqm in Q2
Tuesday, August 16, 2022
With 76% of the modern stock of office spaces in Bucharest, the office segment has reached over 4.3 mln. sq m all over the country in the first semester of 2022, according to the Romania Office Destinations 2022 research special report, launched by CBRE Romania, the leader of the real estate consultancy market. Moreover, the vacancy rate in the office segment is only 12%, on a decreasing trend compared to the same period of last ...
Report: The Romanian investment market grew in the first half of the year
Tuesday, August 16, 2022
The first half of 2022 closed with a total value of investment transactions worth 336 million euro in Romania, up by c.13% compared to the first semester of 2021, with office assets accounting nearly 63% of volumes, according to Colliers market report for the first semester of 2022. With a handful of large deals at various stages still ongoing despite the somewhat uncertain backdrop ...
Infrastructure: Timisoara airport in talks to become commercial hub after deal with Abu Dhabi group
Tuesday, August 16, 2022
A partnership between Timisoara International Airport "Traian Vuia" (AIT) and the UAE-based Abu Dhabi Ports Group could see the former overhaul and develop its cargo infrastructure to become a regional commercial hub. Representatives of the Abu Dhabi Ports Group and ADQ Abu Dhabi held talks in Timisoara on Wednesday, August 10, with the Romanian minister of transport Sorin ...
Govt. clears EUR 150 mln project for connecting Brasov Airport to the rail network
Tuesday, August 16, 2022
The Government approved, on August 10, the technical-economic indicators regarding a RON 739 mln (EUR 150 mn) project aimed at refurbishing and modernising a railway line in order to link the new airport Brasov-Ghimbav International Airport to the national railway ...
Tourism :Turism, Hoteluri, Restaurante Marea Neagra company reports increasing losses on H1
Tuesday, August 16, 2022
Turism, Hoteluri, Restaurante (THR) Marea Neagra company recorded increasing losses to 15.25 million RON after the first half of this year, on the background of a reduction of over 50% in revenues, according to the results published on Wednesday by the company on the Bucharest Stock Exchange (BVB).Last year in the same period, the company reported losses of 10.99 million RON.THR Marea Neagra's total revenues in the first half of this ...
Agriculture: This year's honey production will be reduced to rd 12,000-13,000 tonnes, beekeepers ask for support
Tuesday, August 16, 2022
This year's honey production is going to be somewhere round 12,000 to 13,000 tons due to drought, well below the average of a good year, such as 2015, when Romania was on the first place in Europe with over 32,000 tons of honey, the president of the Association of Bee Breeders in Romania (ACA), Ioan Fetea said. "The production varies from county to county, in the disaster areas it is up to 70% or more ...
Agriculture: More than 15 million euros available for farmers to insure crops, animals, plants
Tuesday, August 9, 2022
Romanian farmers can access more than 15 million euros from European funds to insure crops, animals and plants, with the session for submitting applications to open on Tuesday, August 9, 2022, Romania's Agency for Rural Investment Financing (AFIR) informs on Friday.The session for submitting applications will take place between August 9 and December 16, 2022, and the financial allocation available for the fourth session of sub-measure ...