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NEPI Rockcastle starts the construction of Vulcan Residence
Tuesday, October 26, 2021
NEPI Residential, the new residential division of the NEPI Rockcastle group, the main investor and developer of shopping centers in Central and Eastern Europe, announces receiving the construction permit and the start of works at Vulcan Residence, the newest apartments complex in 13 Septembrie area, Bucharest. Vulcan Residence will be built in a single phase, GF + 12 floors, with 12 floors withdrawn, ...
Small offices are in high demand in Bucharest
Tuesday, October 26, 2021
Companies rented in Bucharest, over the first nine months of the year, more new office space than in the same period in 2020 and even in 2019 or 2018, when it comes to the market segment of up to 1,000 sqm, according to a report by ESOP Consulting quoted ...
Trade: E-commerce in Romania to rise by 15% YoY in 2021
Tuesday, October 26, 2021
According to estimates of GPeC based on data collected from the main players, the Romanian online commerce will increase this year by approximately 15% compared to 2020. It will thus reach EUR 6.5 bln, compared to EUR 5.6 bln last year, according to a press release quoted ...
Agriculture: Romania imported milk, dairy products, eggs and honey of over 348 million euros in semester 1, 2021
Tuesday, October 26, 2021
In the first 6 months of the year, Romania imported milk, dairy products, eggs and honey for 348.3 million euros, on the rise by 14% against the same period of 2020, while exports went up by 7.2% - 107.3 million euros, according to the commercial balance sheet for farm produce. The value of exports in the first semester was three times lower than that of imports for these products, commercial deficit ...
Tourism: Bulgaria receiver three times more Romanians in summer than in 2020
Tuesday, October 19, 2021
Bulgaria receiver over 461,000 Romanian tourists in summer 2021, about three times more than in 2020 and over 50% more than in 2019, so that 30% of tourists on the Bulgarian sea coast were Romanians, according to an online travel agency. In August alone, Bulgaria was visited by 250,613 Romanians, compared to 110,190 in 2020. According to a study made by Travel ...
Agriculture: Agricultural production in Romania down 15.4pct in 2020
Tuesday, October 19, 2021
- In 2020, the agricultural production value was 81400.4 mill. lei in current prices. - In 2020, the crop production holds the highest share (64.9%) in the structure of the agricultural production value. Production in agriculture dropped 15.4pct last year compared to the previous year, down to 81.4 billion lei in current prices, according to data ...
Real estate: Nine out of ten Bucharesters look for quiet and green areas when choosing new house
Tuesday, October 19, 2021
Most Bucharesters (95%) declare they changes their life styles and perspectives on the quality of dwellings in the last 1.5 years, as a result of pandemic. For them the most important aspects are peace and quiet, exterior green area and air quality, according to a study ordered by Impact Developer and Contractor. The study shows that in the last one and a half year, 47% of people living in Bucharest ...
Real estate market affected by inflation and explosive construction costs in 2020
Tuesday, October 19, 2021
The real estate market is affected by inflation and the explosion of construction costs in 2020, says Matei Malos, CEO Directimo, a site for the purchase of new houses. Malos estimates the development of a new segment, correlated with the western market, smart economy houses, efficient from the perspective of using space and improved from the architectural point of view. Directimo, the ...
Value of deals with real estate projects in Romania shrinks by 29% in 2021
Tuesday, October 19, 2021
The value of investments with real estate projects in Romania contracted by 29% to EUR 570 mln in January-September, compared to the same period last year, according to consultancy firm JLL. The prices, measured by the prime yields, have, on the other hand, increased driven by regional trends and the robust demand for quality ...
Campeador contracts a financing of EUR 4.5 million from CEC Bank for a residential project in Timisoara
Tuesday, October 19, 2021
Campeador Group, one of the most important real estate developers in western Romania, contracted a financing of EUR 4.5 million from CEC Bank. PCF Investments Banking was the exclusive consultant of Campeador in structuring, negotiating and implementing the financing, this being the third financing obtained by PCF for Campeador. The current credit will be used for developing Campeador City, one of the most important ...
Cars: New car registrations dropped by 23.1% in EU in September
Tuesday, October 19, 2021
Registrations of new cars in EU dropped by 23.1% in September, compared to the same period of 2020, reaching 718,598 units, the lowest level reached since 1995, because of the lack of chips. In Romania, the decline was 17.8% to 8.942 cars, according to data released by ACEA – European Automobile Manufacturers' Association. All important markets contracted in September, the most important drops ...
Trade of motor vehicles, motorcycles in Romania advances 31.1pct, Jan.-Aug. 2021
Tuesday, October 19, 2021
Trade of motor vehicles and motorcycles in Romania in the first eight months of 2021 increased unadjusted by 31.1%, y-o-y, while market services provided to the population increased by 38.8%, unadjusted, according to the data published on Friday by the National Institute of Statistics (INS).When adjusted for business days and seasonality, the market services provided to the population were up 33.5% y-o-y.The volume of August 2021 wholesale and ...
Agriculture: European Commission took irrigations out of NPRR as Romania did not prove they do not affect environment
Tuesday, October 12, 2021
The European Commission asked Romania to eliminate irrigation projects from the National Plan for Recovery and Resilience (NPRR) because Bucharest authorities could not show proof that the projects did not affect the environment, more exactly natural waters that feed irrigation systems, a high EU official declared in Brussels. He showed that because Romanian authorities asked for a high amount of money ...
Romania's deficit in farm produce: 1.27 billion euros in first semester
Tuesday, October 12, 2021
Romania's deficit in the foodstuff trade grew by 31% in the first semester, compared to the same period of 2020, exceeding 1.27 billion euros, according to data supplied by the Ministry of Agriculture and Rural Development (MADR). In the first 6 months of 2020, the deficit recorded in the foodstuff trade was 971.88 million ...
Vineyard area for wine was 180,682 ha in 2020
Tuesday, October 12, 2021
The total area where vine for wine was grown in 2020 was 180,682.96 ha, according to data published by the National Statistics Institute (INS). “In 2020, the area where vine for wine grapes was grown was 180,682.96 ha. The area with grapes for noble wines represents 93.6% of the total area grown. The south-eastern area held 41.6% of the total area where vine was grown in the same year,” INS ...
Romania imports meat, offal worth 414.7 million EUR in H1 2021
Tuesday, October 12, 2021
Romania has imported meat and offal worth 414.7 million Euro during the first semester of this year, dropping by over 7% from the similar period of 2020, according to the trade balance of agri-food products.During the first semester of last year, the value of imports of such items placed at 446.59 million Euro.On the other hand, the export value of meat and assorted offal during the period of January - June 2021 reached 113.25 million Euro, ...
Cars: About 12,000 electric, hybrid vehicles to qualify for car scrappage funding
Tuesday, October 12, 2021
The number of electric and hybrid vehicles which purchase will be funded this year under the Scrap Plus car scrappage programme is estimated at 12,000, against 3,550 in 2020, according to data unveiled on Thursday by Deputy Chairman of the Environmental Fund Administration (AFM) Ion Vasile at the opening conference of the Bucharest Motor Show (SAB) & Accessories 2021 at Romexpo."The Ministry of the Environment, through the Administration of the Environmental ...
New car registrations in Romania up by 4.3 pct, green vehicles 12 pct market share, at nine months
Tuesday, October 12, 2021
New car registrations in Romania increased by 4.3% in the first nine months of the current year, compared to the same period in 2020, and electric, plug-in hybrids and full hybrid vehicles have reached a market share of 12 pct, according to the data of the Driving Permits and Vehicle Registration Regime Department (DRPCIV), cited by the Association of Car Makers and Importers (APIA).Depending on the type of fuel of cars registered, after the first nine months of ...
Sales of new and used cars in Romania shrink in September
Tuesday, October 12, 2021
New car registrations in Romania decreased in September 2021 by 17.8% compared to the same month of 2021, to 8,942 units, according to the Association of Romanian Car Manufacturers (ACAROM). For the first nine months, the new sales edged up by 4.3% YoY to 88,262 units, reporting an increase that is still modest considering the special circumstances last ...
Trade: The number of online orders in the first nine months increased by 54% compared to the previous year
Tuesday, October 12, 2021
Entrepreneurs who have relied on eCommerce have had the most to win in the last 18 months, because of changes in the consumption behaviour of Romanians. Thus, the number of orders between January and September 2021 increased by 54% compared to the previous year, while the value of placed orders increased by 76% YOY, according to MerchantPro, the platform that offers SaaS solutions for ...