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9% drop of rental transaction volume for offices in Bucharest
Tuesday, May 11, 2021
The volume of renting transactions in the office market in Bucharest dropped by 9% in quarter 1, 2021, compared to the same period of 2020, up to 48,000 square meters, according to data of real estate consulting company Cushman & Wakefield Echinox, released on Thursday. On the other hand, the share of pre-renting contracts went up from 20% to 46%, while in the case of renewal contracts, there was a ...
Real estate investments in Romania drop by 19% in Q1, to 98 million Euro
Tuesday, May 11, 2021
The real estate investments in Romania in Q1 of 2021 totalled 98 million Euro, dropping by 19% from the volume traded in the same period of last year, according to the trimestrial report of CBRE.Thus, office buildings in Bucharest and industrial spaces from the Western part of the country generated the most investment volume."What is interesting to notice is the investors' appetite for industrial projects: 38 million Euro from the total ...
Transactions with industrial spaces rise by 43 pct in Romania, in Q1 2021
Tuesday, May 11, 2021
The volume transacted on the market of industrial spaces in Romania grew by 43 pct in the first quarter of this year, over the same period of 2020, reveals data contained in a report launched by CBRE, the market leader in real estate consultancy.According to the document, in the January - March 2021 interval, 264,000 square meters of industrial space were rented, with the largest transaction belonging to the Dacia carmaker, who decided to extend its contract ...
C&W Echinox sees good signs for the office market
Tuesday, May 11, 2021
Real estate consultancy firm Cushman & Wakefield Echinox believes that the first signs of a come-back for the office market were already visible in the first quarter of this year (Q1), implying that the worst is over for this segment of the real estate market. "We consider that the first three months of this current year have brought positive signs," said Madalina Cojocaru, Partner, Office Agency, Cushman & ...
Telecom. IT: Study: 99% of Romanians can benefit from 5G coverage by 2025
Tuesday, May 11, 2021
Almost 99% of Romania's population can have low bandwidth 5G coverage until 2025, while medium bandwidth 5G coverage will be available only for 55% of the population by the same deadline, shows a study conducted by the consulting and research company Analysys Mason for Ericsson. The economic benefits of 5G technology are huge, but the investments are crucial, the study ...
Trade: e-commerce sector expands 30 pct in 2020, expected to grow by 20 - 30 pct this year
Tuesday, May 11, 2021
Romania's e-commerce sector experienced a 30 percent growth in 2020 compared to 2019, and is expected to increase between 20 and 30 percent this year, shows a market survey by integrated commerce solutions company VTEX.According to the cited survey, by comparison, there was a setback in traditional retail sales and offline retailers have realized that moving online has become a necessity for a functional modern trade.Thus, concepts such as ...
Study: 4 out of 10 Romanians usually consume still mineral bottled water most often
Tuesday, May 11, 2021
4 out of 10 Romanians (40.8%) usually consume still mineral bottled water most often while 17.5% consume carbonated mineral bottled water. 51% of Romanians believe that tap water is not completely safe and that it can cause health problems if consumed unfiltered. For 42% of ...
Agriculture: Positive estimates for 2021 wheat crop and very high prices
Tuesday, May 11, 2021
This year's wheat crop seems to be a “very good” one, with very high prices for the new yield, says Aurel Popescu, the president of ROMPAN. “The wheat, rape and barley crops look very good. If there will be two more rainfalls we will have a very good crop for wheat, rape and barley. However, prices for the new yield will be very high. That means good news for farmers as there were serious losses in 2020 because of the drought,” Popescu ...
Insurers would accept better conditions for farmers if all insured
Tuesday, May 11, 2021
Insurers would agree with more acceptable conditions for farmers if the latters would all be ensured, because, if there are a few, companies are hesitant or impose conditions which cannot always be accepted, the Minister of Agriculture Adrian Oros declared on Tuesday evening, for private TV broadcaster B1TV."Insurers would accept more acceptable conditions for farmers if all farmers would be insured. Then we would ask for all risk types to be insured, so ...
Tourism : Arrivals in tourist accommodation units up by 78.1 pct in March
Tuesday, May 11, 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 78.1%, while the overnight stays increased by 61.6% in March 2021. - Compared to March 2020, in March 2021 customs registered a decrease in the arrivals of foreign visitors of 22.4% and a decrease of 15.4% in the departures abroad of the Romanian ...
Cars: Ecological car sales went up în Romania by 65% in Q1
Tuesday, May 4, 2021
About 2,500 new electric and hybrid cars were sold in Romania in the first three months of the ongoing year, on the rise by 65% compared to the same period of 2020, according to APIA data. The market analysis shows that the share of new electric and full hybrid cars in the local automobile market reached 12.2% over January-March 2021, from 5.5% in the first quarter of ...
Real estate: Analysis: Rising prices of apartments sold in Europe in 2020; Romania had 5% plus
Tuesday, May 4, 2021
Prices of apartments for sale in Europe grew in 2020, the highest increase being recorded in Russia (+16%), while in Romania it was only 5%, according to an analysis made by an online website. Data centralized by Olx Group show that renting prices for apartments in Europe recorded the most important drops in Portugal and Bulgaria (-11%), followed by Poland (-5%) and Romania (-3%). Rents for the same ...
Additional 8.6m sqm of warehouse space needed in Europe. Romania meets the gap
Tuesday, May 4, 2021
According to a recent report from Savills, an additional 8.6m sq m of warehouse space is required by parcel companies in Europe between 2021 and 2025 to keep up with growing e-commerce demand. Data analysed by the international real estate advisor shows that, based on a report from Effigy Consulting, a total of 12.3 billion parcels were delivered in Europe during 2019. Applying data from OFCOM’s parcel delivery, ...
Telecom. IT: Orange and Polytechnic Campus Research Institute open first 5G lab in Romania
Tuesday, May 4, 2021
Orange, in partnership with Polytechnic Campus Research Institute in Bucharest opened the first 5G lab in Romania, a hub in which the academic environment, startups and companies can test solutions based on 5G technology. Orange Group announced in February the opening of nine Orange 5G labs in European regions where the group is present, of which one in Romania, where companies and researchers can test 5G ...
Romania should consult better regarding 5G
Tuesday, May 4, 2021
byDr Detlef Eckert, Deep Digital Consulting, Belgium The good news: 5G is on. The less good news: Roll-out in Europe is slow. The reality: Europe remains ...
Agriculture: Dairy producers: market reached 1.5 billion euros in 2020, on the rise by 15% against 2019
Tuesday, May 4, 2021
The dairy market reached 1.5 billion euros in 2020, 15% more than in 2019, and a volume of 631,000 tones, on the rise by 11% against 2019, representatives of Lactalis Romania and Artesana told News.ro. They added that in 2020, local consumption increased following traveling restrictions and the return of Romanians from abroad. Daniel Donici, the co-founder of Artesana dairy producer, told News.ro that ...
AgriMin: Sustainable insurance system, solution for crops affected by unfavorable weather
Tuesday, May 4, 2021
The Minister of Agriculture and Rural Development, Adrian Oros, declared, on Friday, in Zlatna that the only realistic long-term measures for all farmers the crops of which are affected by unfavorable weather, be it drought or freezing, are a sustainable system of insurance and mutual funds.Present in the inauguration of agrifood hall, Adrian Oros was asked by a journalist if the Ministry he is leading intends to approve short-term support measures for farmers ...
Trade: Analysis: Food retail in Romania could exceed 140 billion RON in 2021
Tuesday, May 4, 2021
The turnover in food retail is estimated at around 130 billion RON in 2020, after, in 2019, this sector recorded incomes worth 118 billion RON, according to the most recent KeysFin analysis."The increase is due to the stockpiles made by the population at the beginning of the pandemic, as well as the ascending trend of online sales in food retail, over the average of the e-commerce market increase, situated at around 30 pct in 2020," the release ...
Tourism: The HoReCa industry needs long term relaunching measures
Tuesday, May 4, 2021
Uncertainty continues to dominate the HoReCa industry after more than one year since the beginning of Covid-19 and for a long term it is necessary to have relaunching measures for this sector which could be an engine of the economy in the years to follow, shows a material made by Camelia Malahov, manager Direct Taxes and Anca Preda, senior consultant Direct Taxes, Deloitte RomaniaAccording to the consultants, the sector of hospitality (HoReCa)is an important ...
Eturia launches TravelHubX, reservations platform dedicated to travel agencies
Tuesday, May 4, 2021
Eturia announces the expansion of its portfolio with TravelHubX, a reservations platform dedicated to travel agencies, shows a release sent, on last Wednesday.The services of the platform TravelHubX is geared towards intermediating travel agencies that want to find in one place the top travel offers of organizing agencies as well as of hoteliers.The holiday and travel packages found on the platform will fulfill all the conditions ...