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Real Estate: Searches for apartment sales in Romania increased 26pct year-on-year in the first five months of 2015

Tuesday, June 30, 2015

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The amount of searches for apartment sales in Romania increased 26pct year-on-year in the first five months of 2015; the most wanted were the homes worth up to 40,000 euros, according to an analysis carried by the specialized portal imobiliare.ro, sent on ...

Realty 2015: New apartment deliveries to surpass 2014 levels by yearned

Tuesday, June 30, 2015

After posting the first signs of growth in 2014, the local residential market is expected to achieve a stable development through to yearend. One welcome change, however, is that the market is becoming increasingly mature, raising hopes of a sustainable growth cycle ahead, argued panelists during BR’s 14th Realty event. “Buyers are more educated and ask more questions than they did in 2008, for ...

Residential building permits issued this May was by 8.9 percent higher compared to April 2015

Tuesday, June 30, 2015

The number of residential building permits issued this May was by 8.9 percent higher compared to April 2015, hitting 3,654 units in a year-on-year advance of 1.9 percent, shows data released on Monday by the National Statistics Institute ...

Infrastructure: CNADNR- 1.7 billion lei needed for national road lowest viability conditions

Tuesday, June 30, 2015

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The National Company of Motorways and National Roads of Romania (CNADNR) has approved the 2015 Action Plan, the estimated necessary funds able to ensure the lowest viability conditions of national ...

The uptake of European funds for transport infrastructure rose, in the last six months of 2014

Tuesday, June 30, 2015

The uptake of European funds for transport infrastructure rose, in the last six months of last year, from some 32pct in June 2014 to 58.77pct at end-2014, by 1.132 billion euros respectively, according to the activity report of former Transport Minister Ioan Rus, related to the period of his term, June 26, 2014 - June 11, ...

Healthcare: Half of pharmacies operating in Romania may close down next year

Tuesday, June 30, 2015

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Half of the pharmacies may close down next year if medicine prices drop very much and that will not be in harmony with the clawback tax, said the president of the Association of Pharmaceutical Distributors and Retailers in Romania (ADRFR), Robert Popescu, at the Mediafax conference. He declared at the conference Mediafax Talks about Health Reform that ensuring in Romania the lowest European price for medicines, which is then affected by the clawback ...

Tourism: ANT allocates 8 million euros for Romania’s tourist promotion and opens Beijing office

Tuesday, June 30, 2015

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The National Authority for Tourism (ANT) will allocate 8 million euros from European funds for outdoor advertising and the participation in tourism fairs abroad. The government will contribute with 110,000 euros. “The sums allocated from the state budget for the promotion of tourism in 2015 amount to 508,000 lei. About 4 million euros are allocated from European funds for the purchase of outdoor advertising services for the implementation of ...

Fagaras Fortress receives certificate of excellence from TripAdvisor

Tuesday, June 30, 2015

Fagaras Fortress has recently received the Certificate of Excellence in tourism from the travel website TripAdvisor. Last year the fortress was considered the second most beautiful castle in the world after Newschwanstein Castle in germany, according to a classification made by Hopper, a website devoted to trip planning and presented by Huffington Post. Built at the end of the 15th century, in Renaissance style, the Throne Room ...

Wizz Air and Bucharest Tourism Board associate to bring more tourists to Bucharest

Tuesday, June 30, 2015

The Wizz Air airline has carried 20 million passengers since its opening in 2007, company representatives announced in a press conference on Thursday. "The celebration of 20 million passengers carried to and from Romania since the launching of local operation in 2007 is a historic moment for Romania — the second country where we have operational bases ...

Statistics: 16.068 million accommodation in Q1 2015

Tuesday, June 30, 2015

Tourist accommodation places available in Romania in the first quarter of 2015 were standing at 16.068 million, with more than 6.811 million of them in Bucharest City and county capitals, according to data with the National Statistics Institute ...

Agriculture: New vine and wine law forbids adding water to wine

Tuesday, June 30, 2015

The new vine and wine law, promulgated on Tuesday by president Klaus Iohannis, forbids adding water to wine and wine products. Among other things, Law 191 stipulates that wine cannot be manufactured from other than grapes and no other substances than the ones mentioned by law can be added. Aromas, synthetic sweeteners and colours cannot be sued to obtain ...

The beneficiaries of EU funds via PNDR are allowed to borrow also from NBFIs

Tuesday, June 30, 2015

The beneficiaries of EU funds via the 2014-2020 National Programme for Rural Development (PNDR) are allowed to borrow or get loan guarantees also from non-bank financial institutions (NBFIs), even from those not registered with a specialist association, the Rural Investments Financing Agency (AFIR) informed on ...

Trade: Top of Bucharest commercial centres: Baneasa, AFI and Unirea leaders according to rent incomes

Tuesday, June 30, 2015

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The 16 commercial centres in Bucharest have a total area of 1 million square meters and have exploitation incomes of 800 million lei/year. Mall sales represent 5.3 billion lei per year. The 16 Bucharest commercial centres which include Baneasa Shopping City, AFI Cotroceni, Sun Plaza or Bucharest Mall brought exploitation incomes of over 800 million lei last year, according to a ZF analysis based on the financial reports published with the Finance ...

Foreign retail players made capital infusions of 85.9 million euros in local chains in the first four months of 2015

Tuesday, June 30, 2015

Foreign retail players made capital infusions of 85.9 million euros in local chains in the first four months of this year, by 63pct higher compared to the same period in 2014, when these totaled 52.7 million euros, according to data with the National Trade Registry Office ...

Telecom.IT: Romanians buy new phones every two years

Tuesday, June 30, 2015

Over 90% of cell phone buyers purchase smart phones. The exchange rate of a telephone varies from 6 months for premium devices and 2 years for average and low price models, according to QuickMobile.ro, the store selling telephones, tablets, gadgets and accessories. Over half of the phones sold by QuickMobile are state of the art. Sales grew by 40% last year in the smart phone segment. About 70% of clients who buy cell phones are ...

Healthcare: Romania would shift to the lowest European price for drugs from July 1

Tuesday, June 23, 2015

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 Health Minister Nicolae Banicioiu announced on Monday Romania would shift to the lowest European price for drugs from July 1, with the new prices being already known in the medicine ...

Tourism : Romania on 23rd place among city break destinations

Tuesday, June 23, 2015

A recent study concerning global tourism has placed Romania on 23rd place as a travel destination for city breaks. The study, conducted by Mercury Research, had 16,800 respondents from 24 countries and included 111 tourist destinations. Respondents who selected Romania as a city break destination motivated their choice by an interest in tourist attractions and new experiences, and less an interest into knowing ...

Demand for tours has grown by rd 15pct in 2015

Tuesday, June 23, 2015

Romanians' demand for tours has grown by rd 15pct in 2015, as compared to 2014, the most preferred remaining the European countries, according to an analysis by a tour ...

Romania is Britain's fastest growing HOLIDAY destination - thanks to immigration influx

Tuesday, June 23, 2015

A MASSIVE rise in Romanian immigrants to the UK means the eastern European country is now the fastest growing overseas holiday destination for Brits. Just over 340,000 UK residents made the trip to the central European country last year - more than double the number of 2010. That is the biggest rise in any overseas destination by British travellers, official analysis from the Office of National Statistics (ONS) has ...

Non-resident tourists to Romania have spent on average 2,960 lei/person (around 660 euro) in Q1 2015

Tuesday, June 23, 2015

Non-resident tourists to Romania have spent on average 2,960 lei/person (around 660 euro) in the first quarter of 2015; most of them came for business, according to the data released on Tuesday by the National Institute of Statistics ...

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