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The tourists’ overnight stays in the establishments of tourists’ reception increased by 13.0% in June 2017

Tuesday, August 8, 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’ accommodation increased by 7.8 % and by 13.0 %, respectively, in June 2017. Compared to June 2016, in June 2017 customs registered an increase in both the arrivals of foreign visitors of 28.0 % and in the departures abroad of the ...

Study: turnover of Romanian seaside businesses to exceed RON 1.5 bln in 2017

Tuesday, August 8, 2017

The turnover of businesses on the Romanian seaside will exceed RON 1.5 billion, marking a twofold increase compared to 2012, Business Review reads. Moreover, the number of companies in the horeca sector will reach a record high number, on the back of an increased interest for investments in the field, a KeysFin survey shows.  According to data centralised by the consulting company in the horeca sector, almost 900 accommodation units were opened on ...

Tourism : Eurostat: Majority of Romanians cannot afford a one-week holiday

Tuesday, August 1, 2017


For many people in the European Union (EU), summer means holidays and travel. However, around a third (32.9%) of the EU population cannot afford a one-week annual holiday away from home. Slightly more households with dependent children (34.6%) than those without (31.3%) find themselves in this situation. Sweden (8.2%), ahead of Luxembourg (13.1% in 2015), Denmark (13.7%), Finland (14.2%), Austria (15.4%) and the Netherlands (16.2%) were the EU Member ...

Telecom.IT : Fixed internet data download speeds go up almost 45pct in H1 2017

Tuesday, August 1, 2017

The average fixed internet data download speeds increased by almost 45pct in the first half of 2017, compared with the first half of 2016, from 75.07 Mbps to 109.1 Mbps, the National Communications Administration and Regulation Authority (ANCOM) reported in a press statement released on Monday. At the same time, average mobile data download ...

Infrastructure :Study: Romania should invest USD 237 bln in infrastructure by 2040

Tuesday, August 1, 2017


Romania should invest USD 237 billion in its infrastructure by 2040, a study by Global Infrastructure Hub, an initiative backed by G20, shows quoted by business-review.eu.  However, according to the survey, should the current trends continue, Romania will not invest more than EUR 226 billion, creating an investment gap of USD 11 billion, the study warns. The report argues that Romania needs to invest USD 62 billion in ...

Passenger traffic on the two Bucharest international airports reached 5.92 million in H1 2017

Tuesday, August 1, 2017

Passenger traffic on the two Bucharest international airports - 'Henri Coanda' and 'Aurel Vlaicu', respectively, reached 5.92 million in H1 2017 and 61,800 aircraft movements (landings and takeoffs).Of this total, 5.91 million passengers and 55,700 aircraft movements were registered on the 'Henri Coanda' Airport, the National Company Bucharest Airports (CNAB) informs in a Monday release. "The number of passengers who transited the Bucharest ...

Healthcare: Gov't approved inter-ministerial committee tasked to resume the activities of the Cantacuzino National Research Institute

Tuesday, August 1, 2017

Prime Minister Mihai Tudose on Thursday approved the establishment and powers of an analysis inter-ministerial committee tasked with starting up and approving measures to resume the activities of the Cantacuzino National Research Institute that is to be headed by the health minister as head of the committee. According to a decision of the prime minister published in the Official Journal, the committee aims to start and approve the necessary measures to ...

Romania-Serbia's joint initiative against cancer in the cross-border region

Tuesday, August 1, 2017

Romania and Serbia will develop a cross-border project worth 11.7 million euro, of which 10 million euro from European funds, aimed at developing several common working protocols tailored for patients with cancer, the Ministry of European Funds (MFP) announced on Friday in a press release.The financing contract, signed by minister-delegate for European Funds Rovana Plumb, represents Romania-Serbia's joint initiative against cancer in the cross-border region and ...

FIC: Romania approved only 50 new medicines in last 8-10 years, compared to 650 in EU

Tuesday, August 1, 2017


Romania approved only 50 new medicines in the last 8-10 years, compared to 650 approved in EU, the Foreign Investors Council (FIC) points out in a letter addressed to the authorities. In this context, FIC recommends the increase of the budget allocated to medicines, based on objective measures by extending the contribution base for FNUASS budget or other transparent measures. Infrastructure of the health system must be rapidly modernized in Romania, ...

Agriculture : In 2016, the value of agricultural production increased by 2.5% compared to 2015

Tuesday, August 1, 2017

Compared to the previous year, the crop production increased by 5.3% and the agricultural services by 3.5%. ? The animal production decreased by 2.4% in 2016 compared to the previous year. The structure of agricultural production in 2016 did not present significant changes compared to the previous year. The share of crop production was of ...

Real Estate : JLL Romania analysis: rental area taken under lease by companies, up 54 percent în H1 of 2017

Tuesday, August 1, 2017

The rental area taken under lease by companies in Romania exceeded 350,000 square meters in the first half of 2017, up 54 percent from the same period of 2016, according to a JLL Romania analysis released on Monday. According to the analysis, total demand for industrial space in the second quarter of 2017 (April - June) the reached 180,000 square metres compared with the first three months of this year. "Demand on the industrial and logistics ...

Wizmo.ro and RE / MAX Lux Group analysis on the criteria for classifying office buildings

Tuesday, August 1, 2017

The increasing demand for office spaces and the development of new office buildings makes their classification a very important aspect to consider when choosing to rent, according to Wizmo.ro, the real estate platform dedicated to both the residential and the business sector, and RE / MAX Lux Group, one of the RE / MAX Romanian franchises. "On the Romanian real estate market we are facing a lack of regulation, which has led office buildings developers ...

Romanian transactions value in real estate at over EUR 400 mln in H1, over EUR 1 bln investments this year

Tuesday, August 1, 2017

The real estate market in Romania was dynamic in the first half of the year, with the overall transactions value exceeding EUR 400 million, business-review.eu informs. The sector will register EUR 1 billion in investments this year, according to Colliers International. Big transactions were recorded in the industrial and retail sectors, such as the sale of Dacia Pitesti warehouse to ...

Logistics and industrial market sets new records in H1, says Cushman & Wakefield Echinox

Tuesday, August 1, 2017

A record level of over 300,000 sqm of logistics and industrial space was leased in the first semester of 2017, according to data from real estate consultancy Cushman & Wakefield Echinox, business-review.eu informs. “The local industrial and logistics market is going through an effervescent development phase in term of both demand and supply. This year has maintained 2016’s upward trend, establishing new record levels for deliveries and ...

Trade: Study: 6 out of 10 Romanians will have at least one online acquisition on the mobile until the end of the year

Tuesday, August 1, 2017


Six out of 10 Romanians intend to have at least one online acquisition directly from the mobile phone until the end of this year, according to a study published on Monday and made by the online platform iVox.ro, at the request of the Cluj company Blugento, specialised in supplying e-commerce solutions. The study shows  the growing importance of the mobile phones in the process of online acquisition, as 4 out of 10 interviewees say that they make ...

Retail trade activity to rise from July to September

Tuesday, August 1, 2017

Retail trade activity in Romania will be on a rising trend in the period from July to September, while moderate growth should be recorded and in construction, industry and services, according to a short term survey conducted by the National Institute of Statistics (INS). Managers are expecting the number of employees to grow moderately in retail trade and services. "In the short-term survey of July 2017, managers in the manufacturing industry ...

Cars: Tradings with second-hand cars  increased in the first six months  of the year

Tuesday, August 1, 2017

The tradings with second-hand cars have an advance of 130%, registration of new cars increased by 27% and those of imported second-hand cars went up by 86% surpassing 250,000 units in the first quarter of 2017, in Romania, according to an analysis published on Monday by Autovit.ro. ‘The Rabla programme started in May and will have its effects known in the months to come, so that the market can close the year with over 110,000 new cars. Similarly, ...

Real Estate: The outlook for the Real Estate market in 2017 in Business Review’s latest industry guide

Tuesday, July 25, 2017

Business Review’s latest Real Estate Guide reveals that the first semester of 2017 has been a positive one for the local real estate market and the upward trend looks set to maintain for the rest of the year. Through in-depth analyses dedicated to the office, residential, commercial and industrial markets, the guide reviews the main developments on the real estate market, the players’ forecast for the remaining of 2017 as well as new trends taking shape. Business ...

Telecom. IT: MySmarty B2C marketing platform for traders, available also in Romania

Tuesday, July 25, 2017

MySmarty, one of the most powerful SaaS platforms for marketing and customer interaction, present already in Israel, Palestine, the Netherlands, Spain and Bulgaria, is now launched in Romania, a press release informs quoted by romaniajournal.ro. “Our vision is that within one year of launch, mySmarty will be the most accessible platform for Romanian customers to know about the traders they want to interact with, both with regard to the ...

Infrastructure: Romania to have direct flights to US, China by year-end

Tuesday, July 25, 2017

Minister for Business Milieu, Trade and Entrepreneurship Ilan Laufer and Transports Minister Razvan Cuc discussed on Monday the investment projects in infrastructure, one of the important topics being the relaunch of the long-haul flights to the United States of America and China. "Transports Minister Razvan Cuc confirmed to me today in a working meeting ...

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