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Real Estate: Commercial Real Estate companies estimate revenue growth this year
Tuesday, January 25, 2022
Commercial real estate representatives (retail, business centers and offices, logistics spaces) estimate, in a proportion of 80%, a revenue increase this year compared to 2021, and 73% expect transactions activity to intensify over the next 12 months, according to ...
Romania, among the Central and Eastern European countries where the real estate transactional volume increased in 2021
Tuesday, January 25, 2022
The volume invested in real estate assets in Romania, Poland and Slovakia increased in 2021, while the Czech and Hungarian markets witnessed a downturn when compared with 2020, according to data from the Cushman & Wakefield Echinox real estate consulting company. At the regional level, the total transacted volume reached 9.98 billion euros, a 4.3% decrease compared with the previous year. The Polish market registered ...
Colliers : In Bucharest, the office rental market is recovering
Tuesday, January 25, 2022
Total demand for modern office space increased by 23% in 2021 to 263,000 square meters compared to the same period last year, Colliers data shows. At the same time, new demand reached 104,000 square meters, up 47% from the same period in 2020. Clear signs of recovery in the office market can also be seen in Colliers’ activity, which was the most active Office leasing agency in Bucharest in 2021, by representing tenants in leases of over 43,000 square meters, a volume ...
What is to be expected in Romanian real-estate market
Tuesday, January 25, 2022
Sustainability is key in future developments, strongly believes Tinu Sebe?anu, CEO Impact Developer & Contractor. To find out more about what is to be expected in Romanian real-estate market, Business Review sat down with the CEO of one of ...
Cars: Motorcycle registrations go up by 6.9% in 2021
Tuesday, January 25, 2022
Total registrations of motorcycles, ATVs, scooters and microcars have gone up last year by 6.9% from the previous year, to 6,219 units, the last trimester of 2021 being in decline, according to a market analysis, published by the Association of Automobile Manufacturers and Importers (APIA)."2021 had an increasing evolution, most of the months being in positive territory from the year 2020, the last trimester of 2021 being in decline. The largest growth was ...
Cars: Ford – leader of the commercial vehicles market in 2021
Tuesday, January 18, 2022
According to data published by the Drivers Licence Center and Registration of Vehicles, Ford Romania closed 2021 as the leader of the commercial vehicles market, while Ford Puma is the bestselling hybrid vehicle model in Romania. 2022 also looks promising for the automobile manufacturer, with several models such as E-Transit, Ranger, Fiesta, and Focus waiting to be launched this ...
National car production decreases by 3.96 pct in 2021
Tuesday, January 18, 2022
The production of automobiles in Romania reached last year a volume of 420,755 units, down by 3.96% compared to 2020, shows the data of the Romanian Automobile Makers Association (ACAROM), published on Thursday.In 2020, the total production of automobiles in Romania was 438,107 units.According to the centralized data, of the 420,755 automobiles produced at the national level in 2021, a number of 257,405 were Dacia, while 163,350 units were ...
Infrastructure: Hungary announces completion of central European road corridor Via Carpatia
Tuesday, January 18, 2022
Hungary is the first country that has already built all elements from the central European road corridor Via Carpatia, MTI informs. Via Carpatia highway links 7 countries , from Lithuania to Greece, creating a ling between Baltic Sea, Aegean Sea and Black Sea ports in the north-south direction. Once M30 highway in Hungary connecting M3 highways and the border with Slovakia is completed, the last ...
Technical-economic indicators for Cluj-Napoca underground approved by Executive
Tuesday, January 18, 2022
The government approved Technical-economic indicators for Cluj-Napoca underground, whose estimated execution time is 10 years, the government spokesman, Dan Carbunaru announced. According to him, works will be financed from the state budget and local Cluj Napoca and Floresti budgets. “Financing will be made from the state budget, ...
Iasi airport registered in 2021 traffic 37% higher than the year before
Tuesday, January 18, 2022
The traffic of Iasi airport was in 2021 37% higher than in 2020 and had 640,000 passengers. Airport managers hope the number of passengers will exceed 800,000 this year. Last year, Iasi airport had a transit of 639,532 passengers, 37% over the traffic of 2019. Romeo Vatra, the general manager of the airport announced that Blue Air will open in 2022 five foreign routes to Paris, Barcelona, Rome, Cologne ...
Construction works completed at Bucharest Baneasa Airport
Tuesday, January 18, 2022
The National Airport Company Bucharest (CNAB) completed, according to legal provisions, the last reception stage of the Rehabilitation of A,B and Rotonda buildings at Bucharest Baneasa International Airport – Aurel Vlaicu, begun in September 2020. “The works were completed on November 11, 2021 and the contract value was 66,629,040 lei, without VAT. Contractors were Bog' Art (association ...
Eurostat: Romania, among the EU countries that recorded a decline in trade flights
Tuesday, January 18, 2022
In December 2021, the number of commercial flights in the EU increased by 130% compared with December 2020. However this is still below the pre-pandemic levels (-24% compared with December ...
Real Estate: 2021 real estate investments at EUR 900-plus ml, up 4 pct from 2020
Tuesday, January 18, 2022
Investments on Romania's real estate market amounted to 919.45 million euros in 2021, up 4 percent from the previous year, shows a survey by real estate consultancy Fortim Trusted Advisors, a member of the BNP Paribas Real Estate Alliance."2021 was an excellent year for Romania's real estate investment market, with a total of 919.45 million euros, whereas 2020 real estate deals amounted to 884.6 million euros and in 2019 the figure was 714.2 million ...
Tourism: Study: Romanians want to travel more in 2022
Tuesday, January 18, 2022
The Romanians will be more available for traveling than in the pre-pandemic period, but there will be some changes in their preferences for accommodation and services, according to data released by a hotel website. According to the latest study made by Szallas Group, which includes the online websites Travelminit.ro and Nielsen IQ, smaller accommodation units such as guest houses, chalets and apartments ...
Booking.com prepares opening regional service center in Romania
Tuesday, January 18, 2022
Booking.com, the online booking website will rent new headquarters in Romania in U Complex office center developed by Forte Partners in Tineretului area, Bucharest, where it will organize a regional service center with over 700 employees, according to real estate market sources, quoted by Profit.ro. Booking.com is a hotel management instrument used by owners or managers of accommodation units to allow ...
Telecom. IT: Lower prices for fixed and mobile calls as of January 1st
Tuesday, January 18, 2022
Prices for fixed and mobile phone calls in Romania will drop, as of January 1, 2022, as a result of the EC Delegate Regulation 2021/654, ANCOM informs. Mobile phone operators active in the Romanian market will apply a price of 0.55 euro cents/minute for mobile calls in their own networks, while fixed telephone operators will have prices of 0.07 euro cents/ minute for fixed calls in their own ...
Real Estate: Eurostat: Romania remains the country with the highest percentage of homeowners in the EU
Tuesday, January 11, 2022
In 2020, 70% of the population in the EU lived in a household owning their home, while the remaining 30% lived in ...
Nearly 700,000 properties traded in 2021, by almost 96,000 more than in 2020
Tuesday, January 11, 2022
A total of 698,756 properties properties traded hands in Romania in 2021, 95,951 more than in 2020, the National Cadastre and Real Estate Advertising Agency (ANCPI) informs press release sent on Monday.According to the cited source, last year, the highest number of real estate transactions were registered in December - 74,429, by 16,865 more than in November, and the fewest in May - 47,773. In 2020, most transactions were recorded in October - 83,675 and the ...
Land transactions with residential and commercial projects exceed 800 million Euro in 2021
Tuesday, January 11, 2022
Market for land transactions exclusively intended for residential and commercial projects (offices, retail, hotels) registered last year the highest value since 2007 until now, namely 800 million Euro, according to a report done by the Colliers real estate consulting company, published on Monday.The total volume of transactions has went up by over two and a half times from the estimated volume of 310 million Euro in 2020, Colliers data ...
Cars: 4.1pct drop in new cars registrations in Romania, in 2021
Tuesday, January 11, 2022
New car registrations in Romania decreased by 4.1% in 2021, compared to the previous year, according to the data provided by the Directorate for Driving Licenses and Vehicle Registration (DRPCIV), as quoted by the Automotive Manufacturers and Importers Association (APIA).According to the said analysis, 14,111 new vehicles were registered in Romania (passenger cars and commercial vehicles, buses and special purpose vehicles) in December 2021, 23% less ...