RSS
Economic
EC approves Romania's 500 mln euro afforestation support scheme
Tuesday, June 21, 2022
The European Commission said on Monday it approved a 500 million euro ($527 million) Romanian funding scheme made available through the Recovery and Resilience Facility (RRF) in order to support the growth of new forest areas. The scheme, which will run until end-June 2026, is aimed at supporting owners of agricultural land suitable for afforestation to establish new forest areas, which will generate a positive climatic impact in the ...
Real Estate: Deloitte Study: Increasing construction costs, the biggest challenge of 2022 for real estate companies in Romania
Tuesday, June 21, 2022
The increase in construction costs represents the biggest challenge of 2022 for 90% of the real estate companies in Romania and in other countries in this region of Europe, according to ...
Cushman & Wakefield Echinox: Developers continue their investments, as over 500,000 sqm of retail spaces are planned or under construction
Tuesday, June 21, 2022
Real estate developers continue to expand their portfolios of retail projects in Romania, over 500,000 sq. m of new spaces being announced for the next 4 years, with 10 of the pipeline projects each having more than 10,000 sq. m, according to the Bucharest Retail Market and the Romania Retail Regional Cities reports, produced by Cushman & Wakefield Echinox. At regional level, projects totaling 270,000 sq. m are under ...
Modern stock of industrial spaces in Romania reached approx. 6 Million Sq M in S1
Tuesday, June 21, 2022
With approximately 0.5 million sq m under construction and 44% of the area under construction being already pre-let, the modern stock of industrial spaces in Romania reached 5.9 million sq m in the first semester of 2022, according to the Romania Industrial Destinations research special report, launched by CBRE Romania, the leader of the real estate consultancy market. “2022 is as ...
Official statistics: Romania's housing stock goes up 0.7 pct in 2021
Tuesday, June 21, 2022
Romania's housing stock continued on an upward trend in 2021, standing at 9,587,200 home units, by 66,100 more (+ 0.7 pct) compared to the end of 2020, shows data centralized by the National Institute of Statistics (INS ).This growth was due both to new buildings (71,400 homes) and to the conversion of spaces with another destination into housing (700 homes). Also, 6,000 dwellings were out of the housing stock as a result of demolition (5,300) and to living ...
Tourism : Foreign tourists spend over 2,460 RON per person in Romania in Q1 2022
Tuesday, June 21, 2022
- In the first quarter of 2022, the employment rate for the population aged 20-64 years was 67.8%. - In the first quarter of 2022, the economically active population of Romania was 8237.9 thousand persons, out of which 7743.7 thousand were employed persons and 494.2 thousand unemployed persons. Non-resident foreign tourists spent in Romania, on average, 2,465.9 RON per person in ...
Study: Romania is one of the less safe countries in Europe to spend one's holiday
Tuesday, June 21, 2022
A new study conducted by Forbes Advisor has revealed the safest countries in Europe to go on holiday this year. The study analyzed metrics such as the quality of bathing waters, the quality of healthcare, the rate of ...
Infrastructure : Government approves agreement with Moldova on consolidating border road bridge
Tuesday, June 21, 2022
On Thursday, the Romanian government approved an agreement with Moldova on the consolidation of a border road bridge over the Prut, between Galati in Romania and Giurgiulesti in Moldova."The government approved the agreement between Romania and Moldova on defining the technical, financial, legal and organisational aspects regarding the consolidation of the border road bridge between Romania and Moldova over the Prut, between Galati and Giurgiulesti. ...
Italian-led tie-up in 1.47 bln lei (297 mln euro) deal to build motorway section in Romania
Tuesday, June 21, 2022
Romania's road infrastructure company CNAIR said on Thursday that a consortium led by Italian construction and civil engineering group Impressa Pizzarotti has signed a 1.47 billion lei ($309 million/297 million euro) contract to build a section of the Ploiesti-Buzau motorway that will connect Romania's historical regions of Moldova and Muntenia. The 21 km section between Dumbrava and Mizil in Prahova ...
Cars: APIA: New car registrations up by 33.3 pct in first five months
Tuesday, June 21, 2022
A number of 47,111 new vehicles were registered in Romania in the first five months, up 33.3% from the 35,346 cars registered in the same period in 2021, according to the Association of Automobile Manufacturers and Importers (APIA).According to the cited source, after the important evolution of the first months, May 2022 comes with an increase of 18.7% of vehicle registrations compared to the previous year, an increase registered after four months of ...
Turnover in vehicle trade up 6.3 pct, market services up 40.5 pct in first 4 months of 2022
Tuesday, June 21, 2022
The volume of turnover in the trade of motor vehicles and motorcycles increased, as unadjusted series, by 6.3%, in the first four months compared to the similar period of the previous year, and the volume of turnover in the market services provided to the population increased by 40.5%, according to data published on Thursday by the National Institute of Statistics (INS).Thus, in the period January 1 - April 30, 2022, year-on-year, the volume of turnover in ...
ACEA: New passenger car registrations in Romania jump 33% y/y Jan-May
Tuesday, June 21, 2022
New passenger car registrations in Romania increased by an annual 32.9% to 47,645 in the first five months of 2022, provisional data from the European Automobile Manufacturers’ Association (ACEA) showed. Romanian car manufacturer Dacia increased 11.9% on the year, to a total of 155,247 units in January-May, ACEA said in a statement on ...
Jan - May car production up by almost 13 pct
Tuesday, June 21, 2022
Romania's car production over January - May 2022 increased 12.73 percent from the year-ago period to 216,105 units, shows data with the Romanian Automobile Manufacturers Association (ACAROM). Of this total, 131,063 were Dacia cars and 85,042 - Fords.The car production this May was of 39,822 units - up 11.59 pct YoY. Of this total, 28,713 cars were produced by the Dacia Plant in Mioveni, and 11,109 rolled off the lines of the Craiova-based Ford ...
Real Estate: Report: Bucharest has some of the most affordable housing in EU
Tuesday, June 14, 2022
Housing prices in Bucharest are among the most affordable in the European Union (EU), according to a report released by real estate consultant SVN Romania based on Eurostat official statistics and data on national average wages and residential prices in EU capital cities. Bucharest – Ilfov region is one of the most developed in the EU in terms of gross domestic product per capita expressed in PPS (EUR), a ...
New study confirms that Romania has the highest percentage of homeowners in Europe
Tuesday, June 14, 2022
A study by Compare the Market Australia has ranked 26 European countries on factors such as homeownership rates, average property price per square meter, and average monthly rent in each country to reveal the countries ...
Tourism: Doubletree Hotel by Hilton Oradea sold with 11 million euros
Tuesday, June 14, 2022
Doubletree Hotel by Hilton Oradea, classified with 4 stars and included in the SIF Hotels portfolio, controlled nu SIF Banat-Crisana, was sold. The transaction was made through direct negotiation, the final price being 11 million euros, over the higher limit of the price estimated in the evaluation report, a SIF Hotels report sent to Bucharest Stock Exchange shows. A previous report shows the decision ...
Google Survey: Romanians' traveling intention in 2022 is higher than in 2019
Tuesday, June 14, 2022
The Romanians' intention to travel in 2022 is higher than in 2019, so that the volume of searches about traveling (destinations, accommodation, transport) was in May 2022 35% higher than in the same period of 2019. The holiday destinations most appreciated by Romanians are Greece, Turkey, Bulgaria, Italy, Egypt and Spain, while the most popular destinations for flights are Italy, Spain, Great Britain, Germany, France and Greece, according to Google ...
Infrastructure: Financial aid for regional airports with traffic between 200,000 and 300,000 passengers/year
Tuesday, June 14, 2022
President Klaus Iohannis promulgated the law setting up a state aid plan to support the activity of regional airports with annual traffic between 200,000 and 300,000 passengers in the context of the economic crisis generated by Covid 19 pandemic. The Ministry of Public Works, Development and Administration will manage the state aid plan. The highest budget of the ...
Romanian-Bulgarian tie-up in 1.25 bln lei (253 mln euro) deal to build motorway section in Romania
Tuesday, June 14, 2022
Romania's road infrastructure company CNAIR said on last Tuesday that a consortium comprising local company Coni and Bulgarian civil engineering company Trace Group Hold signed a 1.25 billion lei ($270 million/253 million euro) contract to build the first section of a motorway that will connect Romania's historical regions of Moldova and Muntenia. The 28.35 km-long section between Mizil in Prahova county and Pietroasele ...
Bulgaria, Romania to explore locations for five new bridges over Danube
Tuesday, June 14, 2022
Bulgaria and Romania are launching simultaneous feasibility studies at five locations on their respective banks of the Danube river with the aim of building five new bridges linking the two countries, Bulgaria's transport ministry said. With dredging a priority for the Romanian side, Bulgaria will respond accordingly by starting dredging works on the Danube from June 20, the ministry said in a statement on ...