RSS
Economic
Trade: Online shops recorded dropping traffic to 25%, over February 24 – March 7
Tuesday, March 29, 2022
Online shop traffic dropped between 15% and 25% over February 24- March 7, compared to a normal period, a sign that Romanians are much more reserved in purchases and gave up impulse shopping, according to analysis made by a digital marketing agency. The data centralized by Gun Media show that events in Ukraine generates drops in ...
Infrastructure: The Traian Vuia airport in Timisoara will have a new passenger terminal next year
Tuesday, March 29, 2022
The minister of transport, Sorin Grindeanu has announced on Friday that the winner of the bid for the project and construction of the departure terminal for external flights at the Traian Vuia airport in Timisoara has been nominated, the value of the contract being 88.99 million lei. ‘After the signing of the contract, the Romanian constructor must finalise the ...
Alstom to supply 20 inter-regional trains to Romania under 270 mln euro deal
Tuesday, March 29, 2022
French multinational rolling stock manufacturer Alstom said on Friday it has signed a contract with the Romanian Railway Reform Authority, ARF, for the delivery of 20 Coradia Stream inter-regional trains and associated 15-year maintenance services for 270 million euro ($297 million), ...
Train ticket prices to increase by 20% in Romania this summer
Tuesday, March 29, 2022
Train ticket prices in Romania are to increase by 20% from July 1. The government approved on March 25 the budget of state-owned railway operator CFR Calatori, which also includes this hike, transport minister Sorin Grindeanu announced. “CFR Calatori has requested an increase in ticket prices from July 1, 2022. Specifically: a 20% increase, after 9 years without any price change. We are talking ...
Wizz Air reopens 26 routes from 7 airports in Romania
Tuesday, March 29, 2022
Wizz Air, Europe’s fastest growing airline, announces today the gradual reopening of 26 routes from 7 Romanian airports to various destinations in 8 countries. Now, Romanians can travel again to 20 destinations starting in March and April. Seats for the reopened routes are already available online ...
Real estate: Analysis: About 2,000 residential units under construction
Tuesday, March 29, 2022
About 2,000 residential units are under construction now, while three quarters (76%) of real estate projects in Romania are no more than 4 stories high. “More of half of real estate investments in Romania (57%) are in the stage preceding construction – obtaining building license – a month after the beginning of war in Ukraine,” according to an analysis made by ...
The Center- West area of Bucharest will become the main office hub in Bucharest
Tuesday, March 29, 2022
The office stock in the Center-West area of Bucharest, near Politehnica University, will surpass the existing stock from Floreasca-Barbu V?carescu (which has been the main office hub in Bucharest for eight years) in 2022, according to data from the Cushman & Wakefield Echinox real estate consultancy company. The modern office stock in the Center -West sub-market, has reached 523,000 square meters at ...
One United seeks EUR 100 mln from investors
Tuesday, March 29, 2022
Bucharest Stock Exchange (BVB) listed real estate developer One United Properties (BVB: ONE) announced that it wants to raise up to RON 500 mln (EUR 100 mln) from investors through a capital increase operation involving cash contribution, which will be submitted to the vote in the General Meeting of Shareholders on April 26, 2022. This capital increase will be the fifth such operation for One United ...
FPSC: The interest for apartment acquisition is dropping, in the context of the situation in Ukraine
Tuesday, March 29, 2022
The interest of the clients for apartment acquisition has been dropping over the last two weeks, in the context of the situation in Ukraine, said, on Monday the vice-chairman of the Federation of Employers of the Construction Companies (FPSC), Sorin Greu in a press conference.‘Over the last two weeks there has been a drop in the interest for apartment acquisition. We have noticed a drop ...
Cars: Dacia car sales in Europe went up by 14% in February
Tuesday, March 29, 2022
Dacia car sales in Europe recorded an advance of 13.6% in February and the market share of the automobile manufacturer went up to 3.6% from 3% in the same period of 2021, according to data released by the the European Automobile Manufacturers' Association (ACEA), according to Reuters. Statistic data are valid for EU states, Great Britain and EFTA countries, Iceland, ...
Portugal, Greece and Romania, the most significant advance in auto sales in Europe, in February
Tuesday, March 29, 2022
New car registration in Europe dropped by 5.4% in February, at 804.028, the eighth month of consequitive decline, show the data published by the Association of European Car Builders (ACEA), Portugal, Greece and Romania reporting the most significant advance. The statistics data are valid for the 27 member states of the EU plus the UK and the countries in the European Free Trade Association ...
Tourism: The events in Ukraine have affected the bookings at the end of February and the first part of March
Tuesday, March 29, 2022
The National Association of tourism agencies (ANAT) announces that the events in Ukraine have affected the bookings in tourism at the end of February and the first part of March, but they notice a coming back of the bookings on the part of the Romanian tourists, close to the level of 2019 starting with 15th March. At present, in Romanian holidays can take place without ...
Real Estate : Austria, the Czech Republic and Hungary in the top of investors who acquired real estate properties in Romania in 2021
Tuesday, March 22, 2022
Investors from Austria, the Czech Republic and Hungary are at the top of those who chose commercial real estate properties in Romania in 2021 with approximately a third of the acquisitions, shows an analysis made by Fortim, member of BNP Paribas Real Estate Alliance.Thus, last year, the Austrian companies bought in Romania real estate assets (offices and retail space) worth 323 million euro, ...
Infrastructure : 53.121 million tons goods loaded/unloaded in the Romanian maritime harbours in 2021
Tuesday, March 22, 2022
Loaded/unloaded goods in the ports where maritime ships are operated were in 2021 53.121 million tons, over the last semester of the year recording 13.220 million tons, according to the data centralized by the National Institute for Statistics.Compared to the previous year, there was a growth of 15.6% for the loaded goods and 9.4% for unloaded goods.Containers transport was 657,000 TEU at the level of ...
Cluj-Napoca launches tender for EUR 1.3 bln subway line project
Tuesday, March 22, 2022
The municipality of Cluj-Napoca has put out to tender the contract for the design and execution of the local subway line, the first and only subway project in Romania outside the capital city ...
Iasi International Airport to have new terminal at the end of 2023
Tuesday, March 22, 2022
The international airport in Iasi, eastern Romania, will have a new terminal at the end of 2023. According to Iasi County Council president Costel Alexe, the future terminal will be built on a 30,000 sqm land plot and will be used for international flights. The project requires a total investment of over RON 447 million, and most of the cost will be covered with EU ...
Agriculture: Minister of Agriculture: Romania produces more potatoes than it consumes
Tuesday, March 22, 2022
Romania produces more potatoes than it consumes, and the only element missing in this setting is potato storage, for which a 50 million euro program is earmarked in the future National Strategic Plan, said, on Wednesday, after the Government sitting, the Minister of Agriculture and Rural Development, Adrian Chesnoiu.The Minister then said that, at this time, there is no envisaged cap on prices for food, but there are a series of analyses on the basis of which ...
Tourism : Non-resident tourists arriving in Romania spend 1.97 billion lei in 2021 on accommodation
Tuesday, March 22, 2022
The total number of non-resident tourists accommodated in Romania's collective tourist accommodation establishments in 2021 was 837,700, with their expenses amounting to 1.97 billion lei, and average expenditure was 2,352.1 lei per person, the National Institute of Statistics (INS) reported on Thursday.According to INS, the total number of non-resident tourists accommodated in the collective tourist accommodation establishments in Q4 2021, was 222,400, with their ...
Trade: Growth of over eight times of the number of online buyers in Romania over the last ten years
Tuesday, March 22, 2022
Romania has registered, over the last ten years 733% more buyers online, seven times over the figures of Poland, the Czech Republic, Slovakia, Hungary and Bulgaria, show the data of a study published recently by a global consultancy company in management, present at local level as well since 2005. According to the ...
Infrastructure: Turkish constructor association to build structure of 1 Mai - Tokyo Metro Line 6 first segment
Tuesday, March 15, 2022
Metrorex signed the 1.2 billion lei, VAT excluded, contract for the design and execution of the structure works for the first segment of the Metro Line 6 - M6 (1 Mai - Tokyo), which will measure 6.6 km in length, Transport Minister Sorin Grindeanu announced on Tuesday."Metro line 6 is getting near! Metrorex has signed the contract for the design and execution of the structure works for the first segment of the Metro Line 6 - M6 (1 Mai - Tokyo), which will ...