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Trade: Online trade market to increase by 15 pct this year, to 18.4 billion RON
Tuesday, November 9, 2021
The local online trade market will reach the value of 18.4 billion RON, in 2021, up by 15 pct over the previous year, when income exceeded 16 billion RON, reveals a study published on Friday by Termene.ro, a platform offering real-time data on financial and legal data of companies in Romania.According to the source, if in 2019, companies in the field obtained profits of approximately 680 million RON, at the level of 2020 they obtained over 1.23 ...
Real Estate: Number of office transactions went up by 24% in first 9 months
Tuesday, November 9, 2021
The office market in Bucharest recorded an increase of 24% for the number of transactions, in the first 9 months of the year, compared to the same period of 2020, according to a report made by experts of the real estate consulting company Avison Young. In quarter 3, 2021, the modern office area stock reached 3.43 million sq.m, while the non occupancy rate grew to 11.7% compared to 10% at the ...
Demand for logistics and industrial spaces in the first 9 months of 2021 sees a 3% decrease
Tuesday, November 9, 2021
The demand for logistics and industrial spaces reached 562,000 sq. m during the first 9 months of this year, a slight decrease of only 3% compared with the same period of 2020, according to the Cushman & Wakefield Echinox real estate consulting company. The leasing activity was driven mostly by new demand, which accounted for 86% of the transacted volume. The demand for logistics ...
Real estate investment market down to 540 million euros in Romania in first nine months
Tuesday, November 9, 2021
Romania's real estate investments recorded transactions worth 540 million euros, in the first nine months of 2021, almost half of the amount traded being registered in the third quarter of the year, reveals a report by commercial real estate brokerage professional services and investment management company Colliers, published on Thursday.Almost half of the traded amount was recorded in the third quarter of this year.According to ...
Cosmopolis & Affidea, first joint venture Real Estate & Medical
Tuesday, November 9, 2021
Opus Land Development, the developer of the Cosmopolis residential complex, and Affidea / Hiperdia, a network of medical centers specialized in consultations, laboratory analyzes and high-performance medical imaging, mark the first real estate & medical partnership in Romania. As a result of this agreement, following investments of over 200,000 euros, the first medical clinic was inaugurated in the Cosmopolis residential complex, operating under the Affidea ...
Cars: New vehicle registrations up 12.7 pct in Q3; used vehicle share up to 72.7 pct
Tuesday, November 9, 2021
- In the third quarter of 2021, the new registrations of road vehicles for passenger transport increased by 12.7% compared to the third quarter of 2020. - During the same period, the new registrations of road vehicles for goods transport rose by 0.7% compared to the third quarter of the previous year. - In the third quarter of 2021, the share of the new registrations of imported used passenger cars in the total ...
Tourism : Euromonitor: Romania ranks 28th of 99 countries for tourism sustainability
Tuesday, November 9, 2021
Romania ranks 28th out of 99 countries for tourism sustainability, but in certain aspects, like local community support it is far from having reached maximum potential, says Pro Economica Foundation, quoting data of an Euromonitor report. “Euromonitor experts analyzed 99 countries from the point of view of ecological, social and economic sustainability , country risk and the present demand of ...
Coface: HoReCa sector most affected in 2020 – 77% profit drop
Tuesday, November 9, 2021
Measures for company subsidy in 2020 helped HoReCa companies cope with unprecedented challenges but did not solve problems of vulnerable companies. HoReCa sector was the most affected recording a drop of 77% profit reduction, said Alina Popa, Coface commercial manager at a specialized conference. “In 2020, measures meant to save companies helped them get over a year with unprecedented challenges, ...
Tourism in September 2021
Tuesday, November 9, 2021
• Compared to the corresponding month of the previous year, the arrivals in the establishments of tourists’ reception with functions of tourists’ accommodation increased by 35.0%, while the overnight stays increased by 25.0% in September 2021. • Compared to September 2020, in September 2021 customs registered an increase in the arrivals of foreign visitors of 89.2% and an ...
Real Estate: Eurostat: Romanians live in brighter homes than Spaniards and French
Tuesday, November 2, 2021
In 2020, 5.9% of people in the EU reported not having enough daylight in their dwelling, meaning their dwelling seemed too dark and was ...
Only 10% of the employees wanting to work exclusively from home
Tuesday, November 2, 2021
Romanian employees who had to work more from home in the last 18 months due to the COVID-19 pandemic want to return to the office, given that more than half of them associate coming back to the office with “the return to normality” and experience a lack of socializing with their colleagues, according to the “Back to the Office” study conducted by Cushman & Wakefield Echinox. The study was ...
Infrastruture : Cluj : The Airport ‘ Avram Iancu’ , the best in Europe in the category under five million passengers
Tuesday, November 2, 2021
The international airport ‘ Avram Iancu’ in Cluj-Napoca was nominated during the 17th edition of the Annual Gala ACI Europe Awards the best in Europe for the category under five million passengers ‘The International Airport ‘ Avram Iancu’ Cluj was nominated, for the first time, the best airport in Europe for the category under five million passengers annually, during ...
Blue Air adds ten routes from Bucharest, Cluj-Napoca and Iasi
Tuesday, November 2, 2021
Romanian low-cost carrier said it would add ten direct routes from Bucharest, Cluj-Napoca and Iasi in its Summer 2022 schedule. The airline adds five new direct routes from Bucharest to Zaragoza, Bilbao, Seville, Porto, and Olbia; two new direct routes from Cluj-Napoca to Malaga and Valencia; and three new direct routes from Iasi to Mykonos, Zakynthos and ...
Trade: Over half of the buyers of clothes and footwear buy products from shops
Tuesday, November 2, 2021
Over half (57%) of the buyers of clothes, footwear and accessories bought them in September from physical shops, according to study published on Thursday by MKOR Consulting.According to Fashion Consumer Trends Live, in September, only 2 out of 10 consumers (21%) chose to buy such articles exclusively on online, and another 22% of the consumers bought clothes, footwear and accessories, both in shops and ...
Consumer goods represent sector least affected by pandemic
Tuesday, November 2, 2021
Consumer goods represent the sector that was least affected by the pandemic crisis, and three out of four customers remain faithful to their preferred brand, according to a study made by Reveal Marketing Research.The Reveal Marketing Research study analyzed the behavior of Romanian consumers during the period of August-September in three sectors of the economy: retail, consumer goods and banking. According to this new study that covered both the urban and ...
EY Study: The rise of the “omnisumer” offers energy providers an opportunity to create a sophisticated customer experience
Tuesday, November 2, 2021
A perfect storm of government policy, consumer trends and technology is accelerating the energy transition. And while much of the discussion centers around renewables and infrastructure, it mostly overlooks the customer. EY has conducted a survey of 34,000 energy consumers across 17 countries to understand their shifting needs, values and expectations and the results present compelling opportunities for energy providers willing to reshape their business, according to the new ...
Cars: Hybrid and electric car sales in Romania exceed diesel ones in September
Tuesday, November 2, 2021
While this does not reflect the balance on the local Romanian car market yet, more electric and hybrid cars were sold in Romania in September, compared to the number of diesel cars. Thus, 1,433 electric and hybrid cars were sold in September, compared to 1,243 diesel models sold in the same month, according to data from the Car Importers and Producers Association APIA quoted ...
Tourism: Romania will not participate in any international tourism fairs
Tuesday, October 26, 2021
Romania has not applied to participate in any international tourism fairs, such as World Travel Market London, FITUR Madrid or ITB Berlin and checks its first absence from the London fair after 40 years, according to representatives of the National Association of Travel Agencies (ANAT) and Incoming Association Romania (AIR) in a press release on last Wednesday. In this context, the two associations draw ...
Tourist accommodation capacity increases by 1.8 pct in number of accommodation spaces, on July 31
Tuesday, October 26, 2021
The tourist accommodation capacity has increased, on July 31, 2021, compared to the similar period of last year, by 1.8 in number of accommodation spaces and by 6.2 pct in number of structures for tourist accommodation, according to data centralized by the National Institute for Statistics (INS).According to the INS, most hotels were registered as 3 star hotels (53.3 pct of hotels), 4 star hotels (25.5 pct) and 2 stars (17.3 pct). There were 36 five star ...
Real estate: Analysis: Industrial investments migrate to South-Eastern Romania
Tuesday, October 26, 2021
Industrial constructions register a 6% drop at national level and there is an investment migration toward South-Eastern Romania, probably because of the labor force available in that area, according to an analysis by Victa.ro, a sales assistance website for construction sites. The retail sector is one of the domains that preserves an increase of the total number of building sites. “Industrial ...