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How the Romanian real estate market evolved in T4 2017

Tuesday, January 23, 2018

Throughout the year 2017, the price demands of residential real estate sellers in Romania, for both apartments and houses, maintained a growth trend, business-review.eu informs. According to the trimestral market report published by Analize Imobiliare, a platform launched and supported by Imobiliare.ro, residential properties are, overall, 9.1 percent more expensive compared to the previous year. The figure marks a slowing down of the increase in ...

Infrastructure: Blue Air had 5.06 million passengers last year, 70% more than in 2016

Tuesday, January 23, 2018

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Blue Air, the largest Romanian air company had 5,061,790 passengers last year, 70% more than the previous year and over initial estimates, more than double compared to 2015 when it flew over 2 million passengers. The 70% increase of passenger number is due to the fact that in 2017, Blue Air continued to expand, increased the number of domestic flights, their frequency, and direct links between the sea coast and some large towns in Romania, a press ...

Romania to invest 155 mln lei (33 mln euro) in Constanta road upgrade

Tuesday, January 23, 2018

Romania will spend over 155 million lei ($41 million/ 33 million euro) to overhaul a 39 km road section in Constanta county, the ministry of regional development, public administration and European funds said quoted by seenews.com. The ministry signed on Wednesday the financing contract for the rehabilitation of the secondary road between Cernavoda and Ion Corvin in Constanta, eastern Romania,  it said in a press ...

Astaldi-IHI JV to build 435 mln euro bridge over Danube in Romania

Tuesday, January 23, 2018

Italy's Astaldi said on Wednesday it has been awarded a contract to build a suspension bridge over the Danube river in the area of Braila in Romania, in a joint venture with Japan's IHI, seenews.com informs. The value of the works totals approximately 435 million euro ($531 million), with Astaldi responsible for a 60% share, the company said in a statement. The contract calls for designing and building a suspension bridge ...

Rail, road freight volumes go upwards Jan - Sept 2017

Tuesday, January 23, 2018

Romania's rail and road freight volumes were up 8.4 pct and 7 pct, respectively, in the first nine months of 2017 from the similar period of the year before, shows data centralized by the National Institute of Statistics (INS).Rail freight stood at approximately 41.503 million tons, with domestic transport accounting for 79 pct of the total. Road freight volumes totaled 168.18 million tons, of which 76.9 pct in domestic ...

Healthcare: Romania, Germany discuss collaboration in pharmaceutical and medical technology fields

Tuesday, January 23, 2018

Consul of the Federal Republic of Germany in Sibiu Hans E. Tischler and the rector of the University of Medicine and Pharmacy Targu Mures (UMF Targu Mures), Prof. Dr. Leonard Azamfirei, on the occasion of a bilateral meeting discussed about academic exchanges and collaborations of the Targu Mures-based university with German companies operating in the pharmaceutical and medical technology fields."The possibility of expanding the academic exchanges between the UMF ...

Tourism: Bran Castle visited by over 1 million people last year

Tuesday, January 23, 2018

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Bran Castle, one of the best known Romanian tourist attractions in the world, attracted 835,116 paying visitors last year, to whom we could add participants in public and private events, gratuities, thus recording 1 million people who visited the castle, Bogdana Balmus, PR director at Bran Castle told News.ro. She says Count Dracula’s legend and ghost stories are the main attraction for foreigners who make reservation as early as January-February to make sure they find ...

Over 1.724 million tourist arrivals in Bucharest 10 months into 2017

Tuesday, January 23, 2018

Over 1.724 million tourist arrivals were recorded in Bucharest over January - October 2017, according to data released by the National Institute of Statistics (INS).Most of the arrivals were written down in September, namely 199,641, while the lowest numbers were in January, at 123,909.Ten-month overnight stays in tourist accommodation structures stood at over 2.82 million, most of which in October - 327.522, and the fewest in January - ...

Trade: PayU: December in top 3 months when Romanians make most online purchases

Tuesday, January 23, 2018

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December is in top 3 months when Romanians make most online purchases, after November, marked by Black Friday event, March with Women’s Day, according to PayU, a global payment service supplier for companies. 951,000 online transactions of over 246 million lei were made in the PayU system. “It is more simple, more rapid and more secure to pay online, and this thing was seen again at the end of the year, when ...

Romania, Bulgaria have lowest shares of e-shoppers in EU

Tuesday, January 23, 2018

Romania and Bulgaria posted the lowest shares of Internet users who shopped online last year among EU member states, Eurostat said on Wednesday, seenews.com informs A total of 23% of Internet users in Romania and 27% in Bulgaria said they purchased goods or services for private use in 2017, Eurostat said in a statement. Croatia posted the fourth lowest share of e-shoppers in the EU, of just over 40%. Slovenia posted the highest share of e-shoppers among EU member states from ...

Trade: GfK: Romanian market of household appliances grew to 1.9 billion euros in first 9 months of 2017

Tuesday, January 16, 2018

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Sales of household appliances in Romania grew by 12.7% in 2017 compared to the same period of 2016m to 1.887 billion euros, according to GfK Temax market study issued on last Thursday, which shows that the telecommunication sector and that of small appliances recorded the highest increases. Household appliances of long use include vacuum cleaners, refrigerators, washing machines, TV sets, computers, laptops, mobile phones, tablets, printers and photo ...

Big retailers opened fewer stores in 2017

Tuesday, January 16, 2018

The number of new stores opened by big retailers in the local market dropped by 18% compared to the previous year, influencing at the same time, the increase rate of the business figure, according to the Retailers’ Metrics, made by Cushman & Wakefield Echinox. The study analysed the  expansion rate and the evolution of the business figure of 99 retail companies operating under 120 brands in the fields FMCG, Fashion, Electric-IT, ...

Online shopping posts record growth in Romania

Tuesday, January 16, 2018

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Romanians spent some EUR 2.8 million online only in 2017, 40% more than the year before, according to estimations from local ecommerce companies, romania-insider.com informs. This is one of the highest growth rates in the EU. Online shoppers spent some EUR 7.7 million daily in Romania last year, and most of them (85%) prefer to pay cash on delivery. The amounts include only physical goods sold online, but ...

Livestock exports bring over EUR 315 million to Romaia January through September 2017

Tuesday, January 16, 2018

Romania cashed over EUR 315 million in the first three quarters of 2017 from livestock exports to the intra- and extra-community area, up by rd 15pct against the similar period of 2016, when it collected almost EUR 275 million, according to the agri-food products' trade balance .Approximately 148,717 tonnes of live animals, up by 6pct against the 140,204 tonnes exported in the similar period of 2016, were traded on the EU and third markets in the first nine months ...

Egg exports up 29pct January through September 2017

Tuesday, January 16, 2018

 Romania exported 8,715 tonnes of eggs in the first nine months of 2017, up by 29 pct as compared to the similar period of 2016, and collected cash raised by 53pct to EUR 9.555 million, according to data sent by the Ministry of Agriculture and Rural Development (MADR).On the other hand, although the egg imports from the intra- and extra-community countries were slightly lower from January to September 2017, respectively 7,808 tonnes, acquisition spending ...

Telecom.IT: Romania's smartphone sales up 9% to 4.5 mln units in 2017

Tuesday, January 16, 2018

The number of smartphones sold in 2017 in Romania increased by 9 percent to 4.5 million units, writes local paper Ziarul Financiar citing head of Samsung Romania's telecom division, Cristian Cojocaru, telecompaper.com informs. The sales' value was up 27 percent as the demand for mid and high-range smartphones  is rising. Premium models worth over EUR 600 generated 35 percent of total sales. The market value exceeds the 1 billion ...

Healthcare: PM Tudose: Public health system needs shock treatment

Tuesday, January 16, 2018

The public health system needs a "shock treatment" that should go into the medical infrastructure, state-of-the-art equipment and the motivation of specialized staff, Premier Mihai Tudose wrote on Tuesday on his Facebook page."Quality medical services imply investments: in the medical infrastructure, in up-to-date equipment, in specialized staff. The public health system needs a 'shock treatment' delivered in at least three directions," said ...

Romania among EU countries with lowest health contributions, yet citizens want quality services

Tuesday, January 16, 2018

Romania is the EU country with almost the lowest contributions paid to the health care system, yet its citizens want quality services comparable to the ones in other countries that are paying far higher amounts in this direction, which is why a public debate on this topic is needed, president of the National Health Insurance Office (CNAS) Laurentiu Mihai told a press conference on Thursday."We are talking of the health system based on social insurance in Romania ...

Infrastructure: Passenger traffic at Romania's Sibiu airport rises in 2017

Tuesday, January 16, 2018

Passenger traffic at Romania's Sibiu International Airport rose by an annual 36.6% to 533,306 in 2017, the airport operator said, seenews.com informs Aircraft landings and take-offs at Sibiu airport increased 44.4% on the year to 7,714 in 2017, the airport operator said in a statement on Friday. The most popular destinations from Sibiu in 2017 were Munich, London and Stuttgart. In November 2017, Hungarian ...

Bucharest’s airports see 17% increase in passenger traffic

Tuesday, January 16, 2018

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Bucharest’s Henri Coanda and Aurel Vlaicu international airports recorded a 16.8% increase in the total number of passengers transiting them last year, to 12.84 million, the Bucharest Airports Company announced last Wednesday, romania-insider.com ...

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