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Economic
Bucharest hotel market headed for rebound, outperforms other CEE capital cities in terms of RevPAR
Tuesday, February 8, 2022
Of all Central and Eastern European capital cities, Bucharest saw last year the largest increase in the revenue per available hotel room (RevPAR), mainly due to the increase in the hotel occupancy rate, shows the Hotel Operator Beat Q4 2021 survey published by Cushman & Wakefield.According to the cited source, this upward trend happened against the background of the relaxation of travel requirements and the rescheduling of several events from 2020 to ...
The first DoubleTree By Hilton to open in Brasov
Tuesday, February 8, 2022
* DoubleTree by Hilton Marks European Expansion with Six New Hotels in Italy, France, Romania, Hungary, the Netherlands and Germany. Hilton has confirmed significant expansions to its DoubleTree by Hilton portfolio, with the announcement of six new European hotels in Italy, France, Romania, Hungary, the Netherlands and Germany. DoubleTree is Hilton’s fastest ...
Arrivals in tourist reception structures, up by 46.4% in 2021; 9.1% foreign tourists
Tuesday, February 8, 2022
- Compared to the corresponding month of the previous year, the arrivals in the establishments of tourists’ reception with functions of tourists’ accommodation increased by 69.5%, while the overnight stays increased by 76.0% in December 2021. - Compared to December 2020, in December 2021 customs registered an increase in the arrivals of foreign visitors of 92.2% and an increase of 83.0% in the departures ...
Infrastructure: Romanian-Spanish association wins contract for construction of Chetani - Campia Turzii motorway lot
Tuesday, February 8, 2022
A Romanian-Spanish association is the winner of the contract for the construction of the Chetani - Campia Turzii motorway lot for RON 363.79 million (VAT excluded), Transport Minister Sorin Grindeanu announced on Monday."The missing motorway sector between Cluj and Targu Mures finally has a designated builder! A Romanian-Spanish association has won the contract for the Chetani - Campia Turzii lot. The amount: RON 363.79 million (VAT excluded). The contractor has 3 ...
Romanian seaports report record 2021 freight traffic
Tuesday, February 8, 2022
Romanian seaports have reported a total freight traffic in 2021 of 67.5 million tonnes, up 11.77% on 60.3 million tonnes in 2020, a record high in the freight traffic history of Romanian seaports, the Constanta National Seaport Administration Corporation (CNAPM) reported on last Wednesday.Previous record high traffic was 62.3 million tonnes in 1988, 61.8 million tonnes in 2008, and 66.6 million tonnes in 2019.Cereals accounted for the largest ...
Brasov international airport to open this November
Tuesday, February 8, 2022
The Brasov - Ghimbav International Airport will be operational starting with November 1 of this year, the representatives of the Brasov County Council told Ziarul ...
Real Estate: The financial, medical, IT&C and retail sectors, among the most active ones in the office leasing market
Tuesday, February 1, 2022
The financial sector, medical service operators, the IT&C and retail companies were the most active tenants in the office leasing market in Bucharest last year, in terms of the average transaction size, according to the Cushman & Wakefield Echinox real estate consulting company. With an average transaction size of almost 2,000 sq. m, the financial sector ranks first from this perspective, being ...
Colliers: 10 predictions for the Romanian real estate market in 2022
Tuesday, February 1, 2022
The Romanian real estate market has enough resources for a strong pick-up in activity in 2022, subject to how the pandemic will evolve, as well as other new themes, Colliers consultants predict. The repricing of risk and other post-pandemic trends will greatly influence the appetite and value of real estate investments in 2022 and beyond. A major opportunity that Romania should take advantage of relates to EU funds: the coronavirus aid ...
Scallier to build new retail park in eastern Romania
Tuesday, February 1, 2022
Polish company Scallier announced on January 27 that it obtained the building permit for a new retail park to be developed in Vaslui, eastern Romania. The facility will have a leasable area of 9,975 sqm and is scheduled to be put into service this year. According to the company, about half of the retail space offered by the new project is already leased, with tenants including brands such as New Yorker, Hervis, Designer Outlet and ZOO ...
Healthcare: Govt. approves EUR 305 mln EIB loan for Cluj regional hospital
Tuesday, February 1, 2022
The EUR 305 mln financing contract between Romania and the European Investment Bank (EIB) for the construction of the EUR 500 mln Cluj Regional Emergency Hospital was approved at the Government meeting on January 27. In November 2017, the Cluj County Council handed over the necessary land to the Ministry of Health in order to help it obtain the necessary European funding through the ...
Agriculture: Voinesti fruit-growing basin joins Tara Mea Co-op
Tuesday, February 1, 2022
The Voinesti fruit-growing basin is part of the "Tara Mea" (My country - e.n.) Co-op starting with January 2022 and will deliver 150 tons of apples, according to a release sent on last Tuesday Florin Burculescu, the chair of the Tara Mea Co-op mentioned, in context, that he intends to deliver the fruit taken from this area in nearly all the large chain stores in the country, so that Romanians can feel the flavor of natural ...
Infrastructure: Romania Infrastructure Map: +1.5 Bln. Eur Investments Expected in 2022
Tuesday, February 1, 2022
New infrastructure projects worth more than € 1.5 billion are expected to be delivered in the regional cities of Romania this year, while in Bucharest construction works for the new bypass will continue as part of a € 1 billion investment. At the same time, the first new airport in the last decades will start operating in Brasov from 2022, following an investment of approximately 70 million euros, while airports in other cities are included in major modernization ...
New investments in airport infrastructure in Brasov, Bucharest – Baneasa, Iasi and Timisoara
Tuesday, February 1, 2022
The first new airport built in the last decades will become operational in Ghimbav, 12 km from Brasov, following an investment of approximately EUR 70 million. Authorities plan to raise around € 300 million in EU funding to build a rail link between the airport and Brasov, which could boost freight operations in the region. In this year’s Spring, the modernized Bucharest Baneasa Airport should ...
Mures: “Transylvania” Airport starts biggest investment project of 150 million lei
Tuesday, February 1, 2022
Transport minister and deputy prime minister Sorin Grindeanu and the director of “Transylvania”Airport Targu Mures, Peti Andras, recently signed documents for the initiation of the biggest financing project of the airport of 150 million lei, according to a press release. With EU support, which ensures financing of 130 million lei from the Big Infrastructure Operational Program, the passenger ...
Traffic on Bucharest airports rises by 55% YoY in 2021, to half of that in 2019
Tuesday, February 1, 2022
The traffic on the two airports of Bucharest operated by the Bucharest Airports company (CNAB) increased by 54.9% YoY to 6.92 million passengers in 2021. The traffic last year was, however, only 47% of the traffic in 2019 - the year with the highest traffic for CNAB. The secondary airport Baneasa - Aurel Vlaicu served only 7,687 passengers in 2021, with the bulk of ...
LIOP: Payment applications submitted to the European Commission by end-2021 amount to 4.8bn euros
Tuesday, February 1, 2022
The total value of payment applications submitted to the European Commission under the Large Infrastructure Operational Program (LIOP) was 4.8 billion euros at the end of last year (52% of EU funds allocated to LIOP, amounting to 9 .1 billion euros), and payment applications of 1.5 billion euros (increasing by 47% compared to the amount in 2020) were sent to the European Commission in 2021 alone.These figures were presented by Cristian Roman, Secretary ...
Telecom. IT: Over 1.1 million phone numbers ported in Romania last year
Tuesday, February 1, 2022
Over 1.1 million phone numbers changed their operators, not users, in Romania in 2021, according to data released on Wednesday by the National Communications Administration and ...
Trade: Survey: Romania has economy with most rapid e-commerce growth in Central and Eastern Europe
Tuesday, February 1, 2022
Romania has the most rapid e-commerce growth in Central and Eastern Europe, and Romanians expect banks to offer their customers dynamic, efficient experiences according to their real needs, according to the McKinsey Global Annual Banking Review. “Among the most relevant functions there are personalized services and offers or connecting to ecosystems of adjoining services (financial and non ...
Healthcare: Romania launches national plan to combat cancer
Tuesday, January 25, 2022
Romania’s National Plan to Combat Cancer was launched on January 19, at an event hosted by the Presidential Administration. The strategy is needed to access EU funding for ...
Trade: Primark confirms its first store in Romania
Tuesday, January 25, 2022
Primark, the international retailer, has announced plans to launch in Romania with a new store planned to open in the capital city of Bucharest later this year, located at ParkLake Shopping Centre. The move is another significant milestone for the retailer in its ongoing expansion across Europe and the US. The new store will mark Primark’s entry into a fourth Central Eastern European market ...