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Economic
First charter flights to Sharm El-Sheikh from Sibiu Airport to take off in April
Tuesday, March 9, 2021
For the first time, charter flights to Sharm El-Sheikh, Egypt, will take off from the Sibiu International Airport this April, according to a press statement released by the airport on Thursday.The flights that will be operated in partnership with the Cocktail Holidays tour operator and EgyptAir will depart every Saturday, between April 3 - May 8, 2021.According to the statement, the rollout of the global vaccination campaign and the strict health ...
Real Estate: Colliers: Romania’s real estate market may see a dip in 2021
Tuesday, March 9, 2021
The volume of investments in Romanian commercial real estate assets may see a dip in 2021, as some buyers may remain on the sidelines amid a lack of clarity about the future revenue stream, according to the 2021 annual report released by real estate consultancy firm Colliers. The firm's consultants foresee a total volume for commercial real estate transactions of over EUR 0.5 billion (down from EUR 0.9 ...
Imobiliare : Colliers Report: The logistics and industrial market was the most dynamic real estate sector in 2020, with total demand up by 72%
Tuesday, March 2, 2021
The “pandemic year” turned out to be a bumper year for industrial and logistics, with total demand increasing by a staggering 72% over 2019, to nearly 784,000 square meters of leasing deals. A large part of the record demand came from various retailers, including FMCGs, expanding their presence nationwide, and various companies, not just pure e-commerce players, looking to branch out in the online sales segment, shows the annual report released ...
C&W Echinox: demand on Bucharest office market segment to rise by 20-30% this year
Tuesday, March 2, 2021
The demand for office spaces in Bucharest will increase by 20-30% this year, given that a significant part of the large tenants have exceeded expectations and are actively evaluating the options for space optimization, according to Cushman & Wakefield Echinox consultants. During 2020, the transactional volume decreased by 40%, up to 237,000 sqm, amid the Covid-19 pandemic that caused most companies ...
Impact Developer & Contractor opens its first office in Iasi
Tuesday, March 2, 2021
Impact Developer & Contractor, the only real estate developer listed on the Bucharest Stock Exchange, continues its national expansion by opening an office in Ia?i, the company’s fifth one in the country. The office will serve the coordination of the construction and sales activities for the residential project Greenfield Copou, which is due to start this year. Located in Moldova Center, ...
Commons: Threefold increase in requests for offices in coworking spaces in 2021, compared to end of last year
Tuesday, March 2, 2021
* Freelancers and entrepreneurs migrate from cafes to coworking spaces, which are safer and more conducive to work After almost a year since the start of the Covid-19 health crisis which caused the partial closure of offices and workspaces in the country and the rethinking of the way people work, coworking chain ...
Trade: Reveal Marketing Research Study: Only 18% of Romanians consider it important to invest in the high quality of electronic products
Tuesday, March 2, 2021
1 in 2 Romanians say they would choose brands with medium prices, because the quality-price ratio is the most important. Consumers prefer to buy electronics from specialty stores, at the expense of online orders. 18% of Romanians consider it important to invest in the high quality of electronic products and would choose more expensive ...
Agriculture: Last year, the government allocated 1.1 billion lei in drought aid
Tuesday, March 2, 2021
Prime Minister Florin Citu said on Wednesday that the government had allocated 1.1 billion lei in 2020 in aid to farmers to compensate for drought, and if necessary, money will be allocated this year as well.Asked at a news conference at the Government House if farmers will receive their arrears last year's drought aid, Citu said: "Last year, the government allocated the largest amount in drought aid - 1.1 billion lei. Those were the applications, we solved ...
Infrastructure: Lufthansa introduces flights Iasi-Frankfurt starting with 21st May
Tuesday, March 2, 2021
The Lufthansa company will operate four flights per week on the route Iasi- Frankfurt, starting with 21st May, the price for a return ticket starting from 189 euro. According to the leadership of Airport Iasi, this is for the first time when the people from Moldova region will be able to fly to Frankfurt, a hub which offers both connections for transcontinental flights and the possibility to travel to other European ...
Telecom.IT: Survey: 75% of the Romanians consider that mobile phones radiate the most
Tuesday, March 2, 2021
Three quarters of the Romanians (75%) consider that mobile phones represent the main sources of radiation, while two out of ten people (19%) stated that 5G technology has negative effects on the health of the people, the flora and the fauna, show the data of a study made by the National Authority for Administration and Regulation in Communications (ANCOM), presented in an online event. According to the research, four out ...
Cars: Dacia car sales in Europe dropped by 12% in January
Tuesday, March 2, 2021
Dacia car sales in Europe (EU plus UK and EFTA countries) recorded a drop of 12& in January, while the producer's market share went up to 3.4% from 2.9% in the same period of 2020, according to ACEA statistics (European Automobile Manufacturers' Association). Statistics are valid for the 27 EU member states plus UK and EFTA countries (Iceland, Liechtenstein, Norway and Switzerland).28,781 ...
Tourism: Government approves financial aid of 1 billion lei for HoReCa sector
Tuesday, March 2, 2021
Government emergency order 10/2021 about granting financial aid for enterprises in the field of tourism and restaurants, which amends order 224/2020, was issued on Wednesday in the Official Monitor. The aid is granted under the form of grants of 20% resulted from activities from CAEN code mentioned at article 3, paragraph 2, in 2020 against 2019, but not more than 800,000 euros at enterprise ...
Tourism : Tourist accomodation capacity down almost 17pct in Q4 2020
Tuesday, February 23, 2021
The tourist accommodation capacity meant 16,526,600 beds in the fourth quarter of 2020, by 16.9pct less than in the same period of 2019, according to data centralized by the National Institute of Statistics (INS).Hotels accounted for 58pct of the total tourist accommodation capacity, agritourism guesthouses accounted for 15.2pct, tourist hostels accounted for 12.7pct, tourist villas 4.4pct, hostels 3.6pct, motels 3.2pct, tourist chalets 1.8pct and other types of ...
Bulgaria provides most foreign tourists to Romania in 2020
Tuesday, February 23, 2021
Most of the foreign visitors who came to Romania in 2020 (96.2%) came from European countries, with the largest share made up of visitors from Bulgaria (26.2%), according to data with the National Institute of Statistics (INS) released on Friday.In fact, the top 6 places, according to the share in the total number of foreign arrivals, is occupied by countries located in Europe: Bulgaria (25.2%), Moldova (16.5%), Ukraine (13.2%), Hungary (9.6%), Turkey (7%), and ...
Cooked food and beverage market goes down, in Romania, by 29% in 2020
Tuesday, February 23, 2021
The annual total value of the cooked food and beverage market has gone up to 10.32 billion RON in 2020, in five of the largest cities in the country, namely Bucharest, Timisoara, Iasi, Cluj and Brasov, dropping by 29% as opposed to 2019, according to a study done by the National Foodservice Research, made by Hospitality Culture Institute.The specialty research shows that 47% of the cooked food market is currently generated by food delivery, used by 9 of the 10 ...
Szallas.hu, the largest hotel platform in Hungary merges with Travelminit.ro
Tuesday, February 23, 2021
Szallas.hu, the largest online hotel reservation platform in Hungary, merged last year with the Romanian hotel reservation platform, Travelminit.ro. The process began two years ago and was accelerated in 2020, despite the pandemic situation and general uncertainty in the global tourism industry. The value of the transaction remains confidential, but in these ...
Real Estate: Black Sea Trade and Development Bank (BSTDB) Supports Business Infrastructure in Romania
Tuesday, February 23, 2021
The Black Sea Trade and Development Bank (BSTDB) has extended a EUR 50 million loan to One United Tower S.A. to facilitate the development of business infrastructure in Romania. The purpose of the BSTDB loan is to finance the development costs of “One Tower”, a green office building making part of the newly developed One Floreasca City mixed-use complex ...
EUR 1 Bln investments in 60 middle & upper real estate projects in Bucharest
Tuesday, February 23, 2021
Amid the Covid – 19 pandemic and with the amount of time spent at home having increased in the past year, together with the increase of Romanians` purchasing power, the Bucharest residential market is undergoing an effervescence period. Developers active in Bucharest are investing a total of 1 billion euros in middle & upper class housing projects, which improve the living standards in the Capital City, ...
Trade: E-Commerce trends in Romania in 2021
Tuesday, February 23, 2021
Romania is experiencing an accelerated digitalization process, with direct effects on traditional retail, which will migrate more and more to online commerce. After a leap counting for at least 3 years in 2020, ecommerce will continue its evolution and will register an increase of at least 15% in 2021, providing an optimistic perspective for local stores. “At this point, the local market has ...
Romanians spend 250 ml euros a year fon vending machine coffee, beverages, snacks
Tuesday, February 23, 2021
Romanians spend 250 million euros yearly on coffee, juice or snacks from vending machines, shows a statistical report published on Monday by a manufacturer of electronic devices."There are currently 120,000 vending machines in Romania, and in large cities 70 percent of the payments for such dispenser products are made with cash. In small towns, villages and communes, cash payments account for an overwhelming 85 percent. In times of pandemic, shifting from ...