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EIB is lending EUR 1bn for transport infrastructure projects to be implemented across Romania

Tuesday, July 25, 2017

The European Investment Bank (EIB) is lending EUR 1bn to co-finance with European Structural and Investment Funds priority transport infrastructure projects totalling EUR 6.8bn to be implemented across Romania during the 2014-2020 EU programming period, reads a EIB release issued on Tuesday.EIB funds will cover the state budget contribution that co-finances priority transport investments under the Large Infrastructure Operational Programme 2014-2020 (LIOP). The ...

Tarom introduces new direct route Suceava – Torino

Tuesday, July 25, 2017

National air carrier Tarom introduces a new direct route from Suceava to Torino, with tickets starting from EUR 16 for a one way trip, the company announced, business-review.eu reports. The planes that will operate on the new route are Boeing 737 Series 300 with 134 seats at economy class. There will be one flight a week. According to Tarom, passengers for the Suceava – Torino route can book their tickets ...

Romania’s road freight market up 13 pct to over RON 34 bln in 2015

Tuesday, July 25, 2017

Firms in the road freight transport sector reported a combined turnover of RON 34.28 billion in 2015, up 13 percent to the previous year, according to a study by Coface, based on the financial statements submitted by 31,363 firms, business-review.eu reads. Coface further shows that 38 percent of the firms in the industry reported a fall in revenues in 2015. Moreover, 39 percent of the total assets of the transport ...

WIZZ AIR INTRODUCES NEW CABIN LUGGAGE POLICY

Tuesday, July 25, 2017

 Wizz Air, the largest low-cost airline in Central and Eastern Europe, announces that passengers will no longer be charged an additional fee to bring a large item of hand baggage into the aircraft cabin on all Wizz Air flights, from 29 October 2017. Passengers will be entitled to bring on board one item of hand luggage which meets the dimensions of 55x40x23cm. This bag is included in the ticket ...

Trade: Study: Seven out of ten Romanians use chicken meat for weekly meals

Tuesday, July 25, 2017

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Chicken meet is preferred by Romanians, seven out of ten using it to prepare meals several times a week. 95% of people who cook at least weekly use this meat at according to a study made by Transavia, a company processing  chicken meat. Hypermarkets and supermarkets are places where Romanians choose to buy chicken meat (77%), while specialized stores (49%) and usual food shops (46%) are preferred by a smaller number of ...

Online shopping in Romania up 61%

Tuesday, July 25, 2017

Romanians made online purchases of over RON 1.9 billion (EUR 417 million) between April last year and March 2017 via PayU Romania, up 61% year-on-year, romania-insider.com reads. Daily online payments via PayU Romania exceeded RON 5.2 million (EUR 1.1 million) during this period. In the last financial year, the online payments in the PayU system had the best evolution in the last 12 years, said the PayU Romania CEO Marius ...

Cars: APIA: H1 2017 sales of new vehicles advanced 17.1 percent

Tuesday, July 25, 2017

H1 2017 sales of new vehicles in Romania (passenger cars and commercial vehicles) advanced 17.1 percent to 71,603 units, y-o-y, far below the H1 2017 unit sales of used cars of 253,000, or 84 percent of the total 2016 sales, according to statistics with the Association of Romanian Automobile Makers and Importers (APIA) released on ...

Green car sales surged by 215.75 percent in Romania in H1 of 2017

Tuesday, July 25, 2017

Green car sales surged by 215.75 percent in Romania in the first six months of the year, reaching 982 units, from 311 in the same period of 2016, according to statistics with the Association of Automobile Manufacturers and Importers (APIA).Between January and June 2017, compared with the first six months of the previous year, the share of "green cars in total sales was 1.7 percent locally; sales of electric cars increased by 197.1 percent, while hybrid car sales ...

New vehicles have increased in June by over 27 pct

Tuesday, July 25, 2017

Registrations of new vehicles have increased in June by over 27 pct, reaching 11,231 units, compared to the same period of 2016, while the number of cars increased 47.02 pct and exceeded 8,000 units, according to data of the Driving Licences and Car Registrations Directorate (DRPCIV). According to the quoted source, in the analyzed interval, depending on the number of units that were registered, the most demanded were the following brands: Dacia (2,093 units, ...

Over 253,306 units of second-hand vehicles registered in Romania, in the first six months of 2017

Tuesday, July 25, 2017

The number of second-hand vehicles registered in Romania, in the first six months of 2017, reached 253,306 units, increasing by 86.64 pct as compared to the same period of 2016, when 137,722 units were recorded, according to data of the Directorate for Driving Licenses and Vehicle Registration (DRPCIV).According to the statistics, in June 2017, the registration of used cars recorded a jump of over 61 pct, compared to the first six months of 2016, when up to 39,988 ...

Tourism: Antalya, Mallorca, Crete and Lefkada, in demand for holidays this summer

Tuesday, July 25, 2017

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The top of most in demand summer destinations this year included areas in Greece and Turkey, to which Spain was added, according to data offered by tour operator Christian Tour which show that Antalya, Mallorca, Creta, Lefkada, Rhodes, Tenerife and Santorini are most sold summer destinations. “According to sales statistics we have by mid July, the number of tourists who chose this season for holidays with our agency exceeds 150,000 people. Now we ...

Business travel market more dynamic, observing special rules

Tuesday, July 25, 2017

The business travel market in Romania has become dynamic in the last years, with competition among serious players, with considerable experience in the corporate segment, Lucian Boronea, general manager of Accent Travel& Events tour operator told News.ro, adding that the segment supposes special rules. The company has been specialised in the business travel segment for 18 years. “Our main customers are companies with ...

Romanian spa market valued at EUR 8.37 mln, up by 9 pct

Tuesday, July 25, 2017

According to data collected by Romanian spa portalDespreSpa.ro, the Romanian spa market had a value of around EUR 8.37 ...

Infrastructure : Infrastructure projects financed by USA with USD 4.6 mln, launched at Kogalniceanu military base

Tuesday, July 18, 2017

Ten infrastructure projects financed by the USA with USD 4.6 million, through the European Reassurance Initiative (ERI), will be opened this Monday at Kogalniceanu air base, business-review.eu reports. „The new constructions include the airplanes maintenance facilities, equipment storage, auto parks, auto cleaning stations or class rooms,” said the Romanian Ministry of Defense. A distinct element of Romanian-American ...

Cars: Dacia posts record sales in H1

Tuesday, July 18, 2017

French car maker Groupe Renault Romania said on Monday its worldwide sales under the Automobile Dacia brand rose 11.8% on the year in the first half on 2017, reaching record-high 332,845 units, seenews.com reports. Out of the total number of Dacia cars sold in the first six months of 2017, 310,141 were passenger vehicles, while the remainder were commercial vehicles, Groupe Renault Romania said in a press release. In ...

In May 2017, compared to May 2016, the turnover of the trade with  motor vehicles increased by 18.4%

Tuesday, July 18, 2017

Compared  to  the previous month, in May 2017, the  turnover volume of  the  trade with motor vehicles  and  motorcycles  increased  both  as  gross  series  by  15.0%  and  as  adjusted  series according  to  the number of working days and  to  ...

Real Estate: The Romanians had over 282,000  real estate tradings in Q1, dropping by38%

Tuesday, July 18, 2017

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The number of real estate tradings registered  in Romania got to 282,810 sales in the first six months of this year, dropping by 37.9% against the same period of 2016,  the decline being explained by the fact that, starting with this year, only tradings of sale-purchase type are taken into consideration, show the data sent on Monday by the National Agency of Cadastre and real estate  advertisement (ANCPI). In Q1 of 2016 the number of ...

CTP secures EUR 75.8 mln financing for expansion of CTPark Bucharest West

Tuesday, July 18, 2017

Czech developer CTP will partially use a new loan facility jointly provided by BCR and the European Bank for Reconstruction (EBRD) to expand its logistics park in the western part of Bucharest, in a bid to keep up with growing demand, business-review.eu informs. The company said it got EUR 75.8 million from the two banks, with BCR providing EUR 39.1 million and EBRD another EUR 36.7 million. A portion of the funding will be used to refinance an ...

185,000 square meters of office spaces traded in 1st half of 2017

Tuesday, July 18, 2017

The surface of office spaces traded in Bucharest was almost 185,000 square meters in 1st half of 2017, recording a decline of 3.6 compared to the similar period of 2016, an analysis carried out by JLL Romania, a company specialised in professional and management services of investments dedicated to the real estate ...

Tourism : Happy Tour: Romanian tourism is on the rise

Tuesday, July 18, 2017

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According to Javier Garcia del Valle, the CEO of Happy Tour travel group, the Romanian tourism may experience significant boost as a result of 2017 momentum, travelwires.com reads. The Romanian tourism faces a favorable context this year due to the security concerns in other parts of Europe, as more and more foreign tourists choose the south-eastern country for spending their leisure time. At the same time, the increase in the minimum wage currently ...

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