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Retail parks are the new star of the retail market
Tuesday, September 7, 2021
The first semester of 2021 saw limited deliveries of new modern retail schemes, as the pandemic context triggered delays in the construction process. Also, prices of building materials have soared over the last six months, leading to a slowdown of the planned retail developments, but quite a few medium-large schemes are set to be opened throughout the next few quarters. Overall, out of the c. 121,000 square meters of new ...
Tourism : Tourist accommodation capacity, up by almost 55% in H1
Tuesday, September 7, 2021
The tourist accommodation capacity in operation of the tourist reception structures was, in the first half of 2021, by 54.9% higher compared to the same period last year, according to data centralized by the National Institute of Statistics.In the first six months of the first half of 2021, the hotels held the largest share (59.5%) in the total tourist accommodation capacity in operation, followed by agri-tourism pensions - 14.8%, tourist pensions - 11.7%, tourist ...
Arrivals in tourist reception structures, increasing by 56.3% in July; 8.9% foreign tourists
Tuesday, September 7, 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 56.3%, while the overnight stays increased by 51.3% in July 2021. - Compared to July 2020, in July 2021 customs registered an increase in the arrivals of foreign visitors of 93.1% and an increase of 63.4% in the departures abroad of the Romanian ...
First Radisson Blu hotel in Cluj-Napoca set to open next spring
Tuesday, September 7, 2021
Radisson Blu Cluj, the first five-star hotel under an international brand in Cluj-Napoca, will open in the spring of next year.Its opening was postponed for a year because of the pandemic crisis that left a strong mark on the hospitality industry. “Initially, we estimated that the opening would take place earlier, but the uncertainty and problems that arose with the epidemiological situation ...
Trade: Physical retail remains essential for many consumers, despite accelerating digitization
Tuesday, September 7, 2021
Even as the world moves at breakneck speed toward digital adoption – compounded by national lockdowns – the fourth chapter of EY study, Decoding the digital home, reveals that brick-and-mortar retail remains a crucial element of the customer journey for digital home users. Thirty-nine percent of survey respondents would prefer to visit a retail store when purchasing a mobile device or package, rising to 41% when purchasing a smart home ...
Real Estate: ParkLake chooses the Nooka Space smart office solution offering its customers the option to work remotely from the mall’s garden
Tuesday, August 31, 2021
Following a partnership exclusively for Bucharest, Nooka Space installs the first smart proximity office in the ParkLake garden, thus redefining the concept of "working remotely" for the mall's customers, but also for those who live nearby. Launched on the local market in April this year, is the Irish start-up that initiated in 2020 the first concept of smart proximity offices in the world, ...
Infrastructure: At end-2022, with Bridge over the Danube, connecting roads will be ready as well
Tuesday, August 31, 2021
The Minister of Transport and Infrastructure, Catalin Drula, declared on Thursday, in Braila, that the roads that will connect with the Suspension Bridge over the Danube will be ready at the end of next year, once the bridge works are completed, with the traffic to be open from the day of the bridge's inauguration, including for heavy traffic."We have, on the one hand, the bridge itself, whose construction is advancing according to ...
Tourism : Moxy and The Marmorosch, two hotels that become a reference point in the Romanian tourist landscape
Tuesday, August 31, 2021
CUMULUS has completed the conversion into a hotel of two buildings on Doamnei Street, Moxy Bucharest Old Town – opened in the summer of 2020 – with a design that combines exuberance and comfort and The Marmorosch Bucharest – opened in August 2021 – a hotel under the Autograph Collection brand, which is imposed by the historical heritage and the lush atmosphere. The two involve a total of 436 ...
Agriculture: Holde Agri Invest completes acquisition of 2,400-hectare Videle farm
Tuesday, August 31, 2021
Holde Agri Invest, a Romanian company that operates agricultural land, said on August 24 that it completed the acquisition of Videle farm in Teleorman county for RON 14.3 million. Following this transaction, Videle farm becomes the third ‘nucleus’ of Holde Agri Invest, alongside Rosiori and Frumusani farms. Videle Farm has 2,400 hectares of leased land and was previously managed by Agrocom ...
Estimates: Corn yield about 13.7 million tons and 3.2 million tons for sunflower in 2021
Tuesday, August 31, 2021
The overall corn yield will be this year about 13.7 million tons, and that of sunflower 3.2 million tons, according to estimates, said Adrian Oros, the minister of agriculture and rural development. Last year, the total sunflower yield was only 2.2 million tons, because of drought, while the average was 1,883 kg/ha. The minister of ...
MADR: 100 million euros to install young farmers and 87 million euros to develop small farms
Tuesday, August 31, 2021
Young farmers who start a business in the farming domain can apply for financing, as of August 27, to obtain grants of up to 70,000 euros, the overall budget for this support being 100 million euros, of which 30 million euros for the mountain area, said Adrian Oros, the minister of agriculture. He also pointed out that the financial support allocated to this measure was increased to 60,000 euros and ...
Romsilva: Over 2,000 hectares of state forests in Arges, Prahova, included in Virgin, Quasivirgin Forests National Catalogue
Tuesday, August 31, 2021
Over 2,000 hectares of state forests administered by Romsilva, in the counties of Arges and Prahova, were included in the National Catalogue of Virgin and Quasi-virgin Forests, the Romsilva National Administration of Forests (RNP-Romsilva) announced on Wednesday."Another 2,227.16 hectares of state forests administered by the National Administration of Forests - Romsilva were included in the National Catalogue of Virgin and Quasi-virgin Forests, following the ...
Trade: XTB: Gold, oil, natural gas, soy, coffee and sugar – goods most transacted by Romanians in 2021
Tuesday, August 31, 2021
Investors' choices in Romania focused on raw materials that benefited from favorable dynamics this year This shows that their preferences are based on identifying on the spot opportunities with potential to offer positive results on a short and medium term. Moreover, we can see that Romanian investors have in view global ...
Various Brands reopens the store in City Park Mall Constanta with a new design
Tuesday, August 31, 2021
Various Brands, the well-known retailer of sporting goods with 100% Romanian capital, has completed the relocation and modernization process of the store in City Park Mall Constanta, as part of the development plan launched earlier this year. The new 90-square-meter space that houses the Various Brands store, located on the -1 floor of the mall, has a modern and minimalist design, suitable for ...
PC sales going strong as companies prepare hybrid workplaces
Tuesday, August 31, 2021
PC and printer manufacturers enjoyed record sales during the pandemic as companies closed their offices and people set up workspaces in their living rooms. Though annual growth for PCs remains quite high, as the pandemic receded it has begun to slow down – the 13% growth rate in 2Q21 is far lower than the 55.9% growth in 1Q21 and 25.8% growth in Q4 of 2020. “With businesses opening back up, demand ...
Survey: 52% of customers with physical stores have launched online stores during pandemic
Tuesday, August 31, 2021
More than half (52%) of the Romanian entrepreneurs who owned physical stores launched online stores during the pandemic, considering that it is a much safer business in the current context, shows an analysis of CIEL Romania, one of the most important software producers for entrepreneurs. The trend of adding an online store to the physical one or creating an eshop is an upward one this year as well, many of the ...
Real Estate: Residential market resisted well to pandemic shock
Tuesday, August 24, 2021
Average rents on the new residential segment in Bucharest dropped by 6% in semester I of the year, compared to the same period of 2020, according to an analysis made by the real estate consulting company SVN Romania, according to which the residential market resisted very well to the shock produced by the pandemic, while the rental sector was strongly affected. The present occupation degree of those ...
Office market starts to recover as employees return to the workplace
Tuesday, August 24, 2021
The office market showed signs of recovery this summer as transaction volumes increased in the first quarter of the year, including the share of pre-lease contracts. New office buildings were also completed in the Politehnica area of Bucharest. The recovery continued well into the second and third quarters since the gradual lifting of restrictions started in May carried on over the summer of 2021. The volume of leasing ...
“CEE Investment Scene Q1 2021”: Investment market still recovering
Tuesday, August 24, 2021
The first quarter of 2021 ended with investment transactions totalling EUR 85 million in Romania, a 42 percent decrease compared to the first three months of 2020, when the country had not yet been significantly impacted by the pandemic, according to Colliers’s latest “CEE Investment Scene Q1 2021” report. Despite the slow start, investor sentiment suggests that there will be a strong pick-up in activity in the second half of the year, subject to ...
Romania is still well positioned from a price perspective of the real estate projects
Tuesday, August 24, 2021
Romania is still well positioned from a price perspective of the real estate projects – offices, industrial spaces, logistics, hotels – thus, in an optimistic scenario, investment volume in 2021 will be close to the total registered in 2020, of about 900 million euros. JLL forecasts show that on the local market there are in different negotiations stages investment transactions of over 400 million euros, ...