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Investors are still having appetite for commercial properties in Romania
Tuesday, August 24, 2021
The property investment volume for Romania in H1 2021 is estimated at circa €309 million, a value almost 22% lower than the one registered in the same period in 2020. The Covid-19 pandemic impact on the real estate market was lower than expected, as investment volumes remained at a healthy level, both in 2020 and the first half of 2021. Transactions started ...
Agriculture: Biggest wheat crop this year since Romania's accession to EU
Tuesday, August 24, 2021
Romania obtains this year a wheat yield of over 11.33 million tons, the largest crop since its accession to EU, representatives of the Ministry of Agriculture and Rural Development (MADR) announced on last Wednesday. Last year, Romania obtained only 6.4 million tons of wheat, the yield being 40% smaller because of drought. The best year since 2007 tp the present are 2017, with 10.03 million tons of ...
Romania's record high sunflower crop to be exported unprocessed due to lack of oil plants
Tuesday, August 24, 2021
Romania registers this year the highest sunflower output since it joined the EU, by approximately 1.22 million tons higher compared to 2020, but due to the lack of processing units it has to sell the unprocessed crop to EU countries and not only, say the representatives of the Romanian Farmers Club."Romania uses for domestic consumption about 1.2 - 1.3 million tons out of a total forecast sunflower crop of 3.3 million tons this year. This amount represents roughly ...
Telecom. IT: Average data transfer speed for broadband increases by 25 pct in 2020
Tuesday, August 24, 2021
The average data transfer speed over broadband has increased by approximately 25 pct in 2020 compared to the previous year, according to a release sent on Tuesday by the National Authority for Management and Regulation in Communications (ANCOM).Thus, tests done by users on Netograf.ro - an electronic platform offered by ANCOM to internet users to verify the quality of the services they receive - show that in 2020 the average download speed at the national level ...
Tourism : Accor Group will open in 2024 two hotels, under the brands Tribe and Adagio
Tuesday, August 24, 2021
French hotel group Accor, which operates 15 hotels in Romania, plans to open two units in Bucharest under the Tribe and Adagio brands. The two hotels will be arranged in the same building, in Bucharest's Basarab area. The total investment in this complex amounts to EUR 50 million, and the two hotels will open in 2024. "The revolutionary concept of the Tribe lifestyle ...
Trade: Historical record of mineral water sales in July – 129 million liters
Tuesday, August 24, 2021
The National Mineral Water Society (SNAM), a producer of natural mineral water owned by the Ministry of Economy, announced on Tuesday that it sold 129 million liters of water in July 2021, with over 20 million liters more than in the same period of 2020, which is a historical record. Over January – July 2021, SNAM sold 680 million liters of water, the second best result of the past five years, ...
Romania has the lowest prices for bread in the EU
Tuesday, August 24, 2021
According to Eurostat data , in 2020, the price of bread and cereals across the EU was around two and a half times as ...
Agriculture: About 3.22 million farms reviewed in Romania over May 10- July 31, 2021
Tuesday, August 17, 2021
About 3.22 million farms were reviewed in Romania over May 10- July 31, 2021, about 93% of them being farms using lands and owning animal herds or carry out activities maintaining farming land in the best agricultural and environment conditions. “About 90% of farms where the interview was made are farms without juridical status (individual farms, authorized physical persons, family enterprises, ...
Forest regeneration works on 25,189 ha in 2020
Tuesday, August 17, 2021
Forest regeneration works were carried out in 2020 on an area of 25, 189 ha, of which 17,162 ha (68.1%) were natural regenerations, 1,146 ha more than in 2019, while 8,027 ha (31.9%) were artificial regenerations (munus 416 ha), according to data centralized by the National Statistics Institute. Most regenerations, 99.6% were made on forest fund land, 0.3% of lands outside the forest fund and 0.1% of ...
Eurostat: Romania is the seventh largest potato producer in the EU
Tuesday, August 17, 2021
In 2020, a total of 55.3 million tonnes of potatoes were harvested in the EU. Germany was the largest producer and accounted for 21.2% of EU production, followed by Poland (16.4%), France (15.7%), the Netherlands (12.7%) and Belgium (7.2%). These five Member States accounted for nearly 75% of the total EU production of potatoes. Romania ranks seventh with 4.9% production.A ...
Real Estate: IMPACT completes the project Luxuria Residence in the Expozitiei area
Tuesday, August 17, 2021
Impact Developer & Contractor, the first real estate developer in Romania listed on the Bucharest Stock Exchange, completes the last phase of Luxuria Residence, the ...
Stock of industrial spaces in Romania exceeds 5.4 million sqm in H1
Tuesday, August 17, 2021
The modern industrial stock in Romania exceeded 5.4 million square meters, the highest demand (66 pct) being drawn in Bucharest, shows the most recent report drawn up by a real estate consultancy company.The analysis of the experts from Avison Young emphasizes that in the first half of 2021, approximately 350,000 square meters of modern industrial and logistical space were rented, similarly with the first half of 2020, when approximately 340,000 square ...
Telecom. IT : 150,000 people in rural areas benefit from Vodafone 4G services
Tuesday, August 17, 2021
Between March 2020 and June 2021, Vodafone Romania expanded the coverage of the mobile network with over 700 4G stations, ensuring the connection to voice and mobile data services for approximately 150,000 inhabitants from 158 localities in rural areas. Currently, Vodafone provides coverage with communications services for 96% of the rural population, allowing access to voice and mobile data services for some of the most isolated communities in Romania. In the same period of ...
Tourism : Ibis Politehnica hotel opens in Bucharest
Tuesday, August 17, 2021
Ibis Bucharest Politehnica officially opened on August 9 in the city’s western business district.The 158-room hotel was developed by real estate developer Novum Invest and is operated by Accor under a management contract. The hotel has an Albert’s Place restaurant, a bar, a conference area, and underground parking. The conference area offers four flexible rooms, which merged ...
Marmorosch Hotel Bucharest, Autograph Collection, officially opened in the Old Center of the Capital
Tuesday, August 17, 2021
Lithuanian group Apex Alliance Hotel Management opens The Marmorosch Bucharest Hotel, Autograph Collection, following a 42 million euro investment, in Bucharest Old Town. “After a year of uncertainty and challenges due to the pandemic, we are delighted to now present a mesmerising project and the first Autograph Collection hotel in the Romanian market with the opening of Marmorosch ...
Infrastructure: Bihor County Council and Oradea Town Hall set up local air company
Tuesday, August 17, 2021
Ilie Bolojan, the president of Bihor County Council and Florin Birta, the mayor of Oradea announced the setting up of a local air company to ensure the town's better connections with the rest of the country and with Europe. Since March 2022, the company will operate regular flights to Bucharest and will buy two airplanes no later than January. Ile Bolojan and Florin Birta announced, at a press ...
Air traffic in Romania 18%-22% below pre-crisis level, in July
Tuesday, August 17, 2021
The number of flights operated by Romanian airports in July was 18%-22% below the levels seen in July 2019, before the pandemic, according to the European Organization for the Safety of Air Navigation, known as Eurocontrol, quoted ...
Trade: Pandemic led to business drop of retail parks and malls in Romania
Tuesday, August 17, 2021
The business figure recorded by retail parks in Romania dropped by 9.5% during pandemic, while malls registered a drop of 20.6%, according to a Cushman& Wakefield Echinox analysis. According to the study, owners of commercial centers (malls and retail parks) in Romania had a business figure drop of 18.5%, compared to 2019, the last year without functioning restrictions, from 607 million euros to 495 ...
Frames study : “Household appliance technology and how it contributes to making people's lives easier”
Tuesday, August 17, 2021
Romanians have started changing their household appliances sooner, so that while in the past the rate of replacing refrigerators, cooking appliances, or washing machines was between 7 and 10 years, with a significant part of the population making purchases after 10 to 12 years, now most of them (70.3%) buy them after 4 to 7 years and even sooner, especially in the case of small appliances, according to the Haier Market Outlook 2021 study made by Haier Romania and ...
Infrastructure: Wizz Air adds two new routes from Romania to Gran Canaria and Billund, respectively
Tuesday, August 10, 2021
Starting this autumn, low cost airline Wizz Air will launch two new flights from Bucharest to Gran Canaria (Canary Islands) - Spain, and from Cluj-Napoca to Billund (Denmark), the airline announced on ThursdayThe Hungarian based carrier will offer a once-weekly flight to Gran Canaria, on Saturdays, starting with November 6, while the service for Billund will be operating twice per week, on Wednesdays and Sundays, starting October 31."The new flight to Billund from the ...