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Holiday vouchers to no longer be issued in 2021
Tuesday, February 9, 2021
National Liberal Party (PNL) Chairman Ludovic Orban on Monday informed that the coalition government at the meeting on the same day discussed the broad lines of the budget for this year and certain measures meant to reduce expenditures, among which the cutting of the holiday vouchers, which will no longer be issued in 2021."No new vouchers are issued," Orban said.According to him, no decision has been made on allowances for students, bonuses and food allowance ...
Cars: Total registrations of passenger road vehicles, down 2.5% in Q4 2020 in Romania
Tuesday, February 9, 2021
- In the fourth quarter of 2020, the new registrations of road vehicles for passenger transport decreased by 2.5% compared to the fourth quarter of 2019. - During the same period, the new registrations of road vehicles for goods transport rose by 11.1% compared to the fourth quarter of the previous year. - In the fourth quarter of 2020, the share of the new registrations of imported used passenger cars in the total new ...
Real Estate: Over 240,000 sqm of office space were traded in Bucharest in 2020
Tuesday, February 9, 2021
The office space market in Bucharest registered in 2020 a total volume of transactions of approximately 240,000 sqm, a level similar to that of 2015, according to the data provided by the real estate consulting company CBRE.According to a company statement, the local developer One United was, alongside the investment funds Immofinanz and Globalworth, among the most active players in the office market, both in the relocation segment and in the one of existing contract ...
ING Survey: Three in five Romanians make home-buying decision in three months at the most
Tuesday, February 9, 2021
Three in five Romanians make the decision to buy a new home in no more than three months, and most view a maximum of five properties before the purchase, found an international ING survey on home ownership."Although half of Romanians say that finding a home that ticked all their selection criteria was difficult, they were the most determined and fastest to decide in Europe in 2020. Three in five Romanians said they found their home in three months at the most, placing ...
Report: Modern industrial stock in Romania exceeds 5.2 Million sqm
Tuesday, February 9, 2021
In the next 5 years the modern industrial and logistic stock will reach 8 million sqm, Avison Young experts estimate. With over 630,000 sqm of modern industrial space delivered, the total stock in Romania exceeded 5.2 million sqm in 2020, which means more than double the stock compared to 5 years ago, according to a report released by real estate consulting firm Avison Young Romania. “The global pandemic that marked 2020 did ...
Gran Via Real Estate buys land in the area of urban highway
Tuesday, February 9, 2021
The Spain-based developer, Gran Via Real Estate, has announced the acquisition of a new land, located on Fabrica de Ghea?? Street, in the immediate vicinity of the Urban Highway. The new land with an area of 2,395 square meters will allow us to build a project of 90 apartments, for which we plan to start construction this year, with 24 months delivery date from the moment we are going to start”, says Antoanela Comsa, ...
Agriculture: APIA authorizes payments worth 2.14 B euros to 767,907 farmers, under 2020 Campaign
Tuesday, February 9, 2021
Almost 768,000 farmers have gotten approvals to receive payments under the 2020 Campaign, which represents 93.54pct of the total number of those who submitted a Single Payment Request, informs the Agency for Payments and Intervention in Agriculture (APIA), in a press release.The total amount approved for the 767,907 farmers reaches 2.14 billion euros, of which: 1.69 billion euros come from the European Agricultural Guarantee Fund (EAGF), 373.36 million euros from the ...
Cars: This January's motor vehicle registrations at 7,600
Tuesday, February 2, 2021
Romania's motor vehicle registrations this January stood at 7,625, by 46.8 percent higher YoY, informs the Association of Automotive Manufacturers and Importers (APIA), citing data provided by the Driving Licenses and Vehicle Registration Department.Of the total number of vehicles, 6,004 were new cars, 51.9 percent lower than the 12,489 units registered in January last year.The Dacia brand tops the ranking in the category of new cars registered this ...
Healtcare: REGINA MARIA launches the first study in Romania to follow the post-vaccine immune response against COVID-19
Tuesday, February 2, 2021
REGINA MARIA Healthcare Network initiates the first study to evaluate the body’s immune response to vaccination against COVID-19. At the beginning of this year, the World Health Organization (WHO) approved vaccines that have proven their efficacy and safety against COVID-19. The vaccination campaign has started successfully in Romania as well. The next step is to monitor how protected the vaccinated population is against SARS-CoV-2 infection. REGINA MARIA aims to ...
Real estate: Number of building licenses issued in 2020 dropping by 2.9% versus 2019
Tuesday, February 2, 2021
The number of building licenses for residential constructions issued in 2020 was 41,311, on the drop by 2.9% compared to the previous year, according to data published on Friday by the National Statistic Institute (INS). Drops were recorded în the following regions: South-East (-632 licenses), Center (-353), West (-332), South-West Oltenia (-164) and Bucharest-Ilfov (-161). Increases were recorded ...
WDP invested 116 million euros in Romania in next two years
Tuesday, February 2, 2021
The real estate developer Warehouses DePauw (WDP) controlled by one of the richest families in Belgium will invest 116 million euros in Romania until the end of 2023, for areas of 187,838 sq.m. Investments made in stages are in Stefanestii de Jos, Cluj, Craiova, Paulesti, Roman and Timisoara. The beneficiaries of those areas are Profi, LPP, Decathlon, Fedex and Eobuwie. In Romania, WDP made ...
Colliers manages more than half a million square meters of office and industrial spaces
Tuesday, February 2, 2021
The Property Management Division of Colliers International manages a portfolio of over half a million square meters of office and industrial spaces in the Capital and in the country after 10 years since it was founded. During the same period, the team provided consulting services related to property management activities for another 700,000 square meters. With a total portfolio of 530,000 square meters of offices and ...
Romania’s real estate market defies regional trend and rises by 30% in 2020
Tuesday, February 2, 2021
Real estate consultancy firm JLL estimates the real estate investment market in Romania at EUR 900 million in 2020, up 30% from 2019 (EUR 694 mln), noting that Romania is the only country in the region that boasted an upward trend last year. The findings align with the 28% annual rise calculated by Cushman & Wakefield Echinox, to EUR 914 mln. However, due to re-allocation of deals de facto completed in 2019 and only ...
Element Industrial to invest 37 mln euro in new logistics park
Tuesday, February 2, 2021
Romania's industrial and logistic projects developer Element Industrial plans to invest 37 million euro ($45 million) in a new logistics park near Bucharest, it said on Wednesday.Located in the Buftea-Chitila area, Eli Park 3 will have a total area of 72,000 sq m, Element Industrial said in a press release. In the first stage of the construction, the developer will build a 18,500 sq m ...
Infrastructure: Air traffic down almost 70% on Bucharest airports in 2020
Tuesday, February 2, 2021
The two airports of Bucharest last year recorded air traffic of over 4.46 million passengers, down 69.7% compared to 2019, while aircraft movements decreased by 53.5%, totaling 67,696, the Bucharest Airports National Company announced on Thursday."The Bucharest Airports National Company registered, on Henri Coanda Bucharest International Airport and Bucharest-Baneasa Aurel Vlaicu International Airport, an air traffic of 4,468,906 passengers (decreasing by ...
Agriculture: COFACE: 5% Increase for the dairy and cheese manufacturing sector in 2019
Tuesday, February 2, 2021
*The production of consumption milk increased by 8% in 2019 in comparison to 2018. Strengths: More than half of the companies (61%) recorded an increase in net income Profitability sector increase from 4.3% in 2018 to 5.4% in ...
Thirty new projects to receive funding for investment in irrigation infrastructure
Tuesday, February 2, 2021
As many as 30 new projects will receive European funds for investment in irrigation infrastructure worth 30 million euros in all, with the eligible beneficiaries being Romanian Irrigation Water Users' Organizations (OUAI), the Rural Investment Funding Agency (AFIR) announced on Thursday.A new report for the selection of the remaining projects is said to be at an advanced procedural phase.Since the release of the National Rural Development Plan ...
Telecom. IT: ANCOM plans for 2021
Tuesday, February 2, 2021
In December 2020, the Authority for Administration and Regulation in Communications (ANCOM) published, as it is customary every year, ...
Tourism: Romanians look for holidays in countries where tests and quarantine are not necessary
Tuesday, February 2, 2021
Restrictions do not discourage people to look for recreation services but the most popular travel destinations have changed and people are looking for offers in countries where tests and quarantine are not needed, according to an online travel agency. Zanzibar is in the top of holiday destinations chosen by Romanians this year. “Despite restrictions, people ...
Infrastructure: Two new routes by Wizz Air from Bucharest to Zakynthos and Corfu, from June 15 to September 15
Tuesday, January 26, 2021
The low-cost airliner Wizz Air opens two new routes from Bucharest to Zakynthos and Corfu, with two flights per week, Tuesday and Saturday, to be operated from June 15 to September 15, and the rates will start from 149 RON (rd EUR 30) per segment, announced, on Friday, the airway operator.The tickets are already available on wizzair.com and through the mobile app."These new routes are added to the three already existing services ...