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40% of agricultural land in Romania belongs to foreign investors

Tuesday, September 12, 2017

About 40% of the agricultural land in Romania belongs to foreign investors, according to a study the European Parliament carried out in 2015, reports local Ziarul ...

Infrastructure : Bulgaria and Romania Are to Build Another Bridge Over the Dunabe Near Russe

Tuesday, September 12, 2017

''Bulgaria and Romania are to build another bridge over the Dunabe near Russe’’, Bulgarias PremierBoyko Borisov announced on Sunday, quoted by novinite.com. The topic will be discussed during the joint Bulgaria-Romania intergovernmental sitting in October this year. In his words, a new bridge over the Dunabe can be built without state expenditures. The construction of a second Dunabe ...

Targu-Mures Airport – rehabilitation works of almost EUR 12m

Tuesday, September 12, 2017

Transilvania Airport Targu-Mures will be rehabilitated by almost EUR 12 million. Among other things, the take-off/landing runway will be repaired as well as the boarding/disembarking platform, romaniajournal.ro reads. According to a communiqué sent on Thursday by the Mures County Council, four offers were filed for the airport’s rehabilitation. “After checking and evaluating the four offers submitted in the ...

Reuters: Bucharest Airports plans $980 mln expansion at main airport

Tuesday, September 12, 2017

Romania’s state-owned firm Bucharest Airports aims to break ground on an airport expansion project worth 818.5 million euros ($980 million) in 2022 to cope with double-digit rises in passenger numbers, company officials said on Wednesday, Reuters correspondent reports. Passenger traffic across Romania’s 17 airports rose by roughly 30 percent in the first half of the year to 9.2 million passengers, the Romanian Airports Association ...

EU backs Romania with 155 mln euro for water infrastructure upgrades

Tuesday, September 12, 2017

The European Commission said on Tuesday it is providing 155 million euro ($184 million) to Romania to finance projects for modernization of water infrastructure in six counties, seenews.com informs. The financial support will be directed to six major projects in Arges, Dambovita, Maramures, Prahova, Satu Mare and Vaslui counties, the European Commission said in a press release. "Investments through the cohesion policy help ...

Commissioner Cretu: Romania badly needs investments in transports

Tuesday, September 12, 2017


Romania badly needs investments in transports, on Friday said the European Commissioner for Regional Development, Corina Cretu, adding that situation in this field is ...

Healthcare: EU funding worth EUR 320 mln in Romanian healthcare system for 2014-2020 period

Tuesday, September 12, 2017

The commissioner for regional policy, Corina Cretu, said last Thursday that Romania has EUR 320 million from European funds allocated for its healthcare system for 2014-2020 period and EUR 150 million are allocated for three regional hospitals in Cluj, Iasi and Craiova, business-review.eu reports. „Regarding the European funds in healthcare, I think that we don’t have so severe situations in hospitals, there is considerable progress, if we ...

Real Estate: Over 393, 000 sales of land and houses recorded in the whole country, from the beginning of the year

Tuesday, September 12, 2017

Over 393,000 sales of land and houses were recorded in the whole country, in the first eight months of this year, and in August there were traded at national level almost 57,000 houses, according to the data sent by the National Agency of Cadaster and Real Estate Publicity. Thus, in the first eight months of the year there were recorded in the whole country 393,294 sales, most of the sales of houses being in Bucuresti – 47,764,Cluj – 26,381 ...


Tuesday, September 12, 2017

In Quarter II 2017, 12973 dwellings went into use, 457 dwellings more compared to Quarter II 2016. In Semester I 2017, 23057 dwellings went into use, 1049 dwellings less compared to Semester I ...

RE/MAX Romania: 2017, the best year for the real estate market after crisis

Tuesday, September 12, 2017

2017 is the best year for the real estate market in Romania after the crisis, and for this reason more and more Romanians are interested in working in this field, RE/MAX Romania shows, romaniajournal.ro reports. Both entrepreneurs who open a business or buy a franchise on this segment, as well as those who are getting a job in a real estate agency, they do it because they feel a real opportunity to develop, although they often come from other areas of ...

Trade: Romanians’ alcoholic beverages consumption up by 5 pct in 2016

Tuesday, September 12, 2017


  A Romanian consumed 30.156 liters of alcoholic beverages on average in 2016, an increase by 5 percent compared with 2015, business-review.eu reports. The biggest quantity is represented by beer, with over 16.584 liters, according to a release of the National Institute of Statistics (INS). Also, in 2016 a person consumed monthly 0.89 liters of wine in average, 0.21 liters of tuica (plum brandy) and natural rachiu ...

Tourism : County of Brasov, first in the Centre Region as regards the number of tourists în H1 of 2017

Tuesday, September 12, 2017


The County of Brasov ranks first in the Centre Region as regards the number of tourists who have visited the county in this year's first half, up against the similar period of 2016. Brasov County overall recorded 550,727 tourists in H1 2017, of whom 82,627 foreign tourists, as compared to 394,694 tourists in the same period of 2016, of whom 68,291 foreigners, a release sent on Monday by the Brasov County Statistics Directorate (DJSB) ...

Orbis accelerates the network expansion in Eastern Europe. Romania is on the list

Tuesday, September 12, 2017

With 8 hotel openings in the up-coming few months and 40 development projects in the pipeline, romaniajournal.ro reports. Orbis accelerates the network expansion in Eastern Europe and strengthens its development team. Three units of the hotels planned to be opened until this year-end are in Romania: Mercure Sighisoara Binderbubi, ibis Styles Arad, Mercure Bucharest Unirii. The others are in Serbia (Mercure Belgrade ...

Tourism : Romania's Jan-July tourist numbers rise 12.1% y/y

Tuesday, September 5, 2017


Compared  to  the  corresponding  month  of  the  previous  year,  both  the  arrivals  and  the overnight  stays  in  the  establishments  of  tourists’  reception  with  functions  of  tourists’ ...

Agriculture : Romania exported 6.7 MMT of wheat in the 2016/17 season

Tuesday, September 5, 2017

In June 2017 Romania exported 176 KMT of wheat, which was 2.6 times lower than record, achieved in June 2016 (455 KMT). Thus, since the beginning of 2016/17 (July-June) Romania exported 6716 KMT of wheat, which was absolute record for the country. Previous record of wheat exports was set in 2014/15 – 4874 ...

Real Estate: Analysis: Bucharest and Cluj-Napoca post the most expensive rents

Tuesday, September 5, 2017

Imobilare.ro developed a new analysis on the most expensive and the cheapest apartments in four big cities: Bucharest, Cluj-Napoca, Timisoara and Iasi, taking into account the average prices apartments with one, two and three bedrooms over the summer, business-review.eu reads. According to the study, Bucharest and Cluj-Napoca post the highest rents. For instance, the price per month of a rental studio in Lipscani is EUR 450, the same average price ...

C&W Echinox: 75 pct of offices due for delivery in H2 are in western part of Bucharest

Tuesday, September 5, 2017

The Western part of Bucharest will attract 75 percent of the offices that will be delivered in the second half of this year and 50 percent of the deliveries for 2018, so that the stock from this area will increase by around 236,000 sqm, according to an analysis of the firm Cushman & Wakefield Echinox quoted by business-review.eu. The offices stock of A and B type from Bucharest reached 2.61 million sqm at the end of the first semester of this year ...

Price of flats in Romania's large cities increased slightly in Q2 2017

Tuesday, September 5, 2017

The market prices for square metre of flats in Romania's large cities increased slightly in Q2 2017 compared with Q1, according to the real estate index of the National Association of Romania's Certified Evaluators (ANEVAR). The highest increases were ...

Banca Transilvania: Romania’s real estate market has reached maturity

Tuesday, September 5, 2017

The Romanian real estate market has entered the maturity phase, reflected in recent price developments, according to economists from the local lender Banca Transilvania (BT) quoted by romania-insider.com. This could lead to adjustments in the coming quarters as funding costs increase. The residential building permits grew by 20% in July year-on-year, recording the best evolution since August 2015, according ...

Cars: Renault to launch new Duster model under Romanian brand Dacia

Tuesday, September 5, 2017


French car maker Renault said on Wednesday it will launch a new Duster SUV model under its Romanian brand Dacia this month, seenews.com informs. The new Duster model will be launched at the Frankfurt Motor Show on September 12, Renault said in a statement. Compared to its predecessors, the new model offers enhanced comfort, with a completely new interior with quality materials and a few pieces of new equipment. "This is a model ...

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