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Economic

PM Grindeanu : projects in the infrastructure area amounting to about 3 billion lei were launched for tender

Tuesday, May 30, 2017

Prime Minister Sorin Grindeanu stated on Tuesday, at private TV broadcaster B1TV, that projects in the infrastructure area amounting to about 3 billion lei were launched for tender during this period. The head of the Executive gave the example of the bridge across the Danube from Braila to Tulcea. "This bridge (...) has been the topic of discussions for 20 years. Not even once has it been launched for tender and we are talking about a bridge that can be built ...

Real Estate: BNR warns that real estate prices spike could pose risk

Tuesday, May 30, 2017

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According to the National Bank of Romania (BNR), the Romanian economy is facing new risk, represented by the acceleration of prices in the real estate field, business-review.eu reads. Specifically, the increase can bring to tensions and fuel deficits, data included in the report on financial stability presented on Thursday by BNR Vice Governor Liviu Voinea show. However, this ...

Real Estate: Skanska aims to finish first phase of Campus 6 office complex in Q3 2018

Tuesday, May 23, 2017

Skanska Group, the real estate and building firm, has kicked of the construction works on Campus 6 office complex, which is located in the center-west part of Bucharest, near the Polytechnics University, business-review.eu reads. The project will feature four office building with a combined gross leasable area of 81,000 square meters, including two underground floors and 1,000 parking lots. The first phase of Campus 6 should be ...

Tourism: Over two thirds of the Romanians go on holiday this summer

Tuesday, May 23, 2017

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Over two thirds of the Romanians (77%) stated that they go on holiday this summer and 21% have not decided yet, according to a market research regarding holiday habits of the Romanians for this year, as compared to 2016. As regards destination, half of the Romanians prefer to stay in the country, the others choose destinations abroad. The preferred  Romanian region is represented by the ...

Telecom. IT : Orange Romania's LTE network reaches 100% urban coverage

Tuesday, May 23, 2017

Orange Romania announced its LTE network reached 100 percent urban coverage. Data traffic at 4G/LTE speeds increased 128 times since the Orange 4G/LTE service was launched nationwide in 2014, telecompaper.com reports. 4G/LTE traffic increased fourfold in Q1 versus Q1 2016. On 31 March, 2.4 million customers used Orange 4G/LTE services, double the number of customers who used them a year earlier. All this was supported by increased sales of smartphones, ...

ANCOM: În 2016, subscriptions exceeded prepaid cards for the first time

Tuesday, May 23, 2017

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During 2016, the tendency to increase the number of mobile subscriptions users to the detriment of those using active prepaid cards was maintained, reaching for the first time a number of subscriptions higher than active prepaid cards, the National Authority for Management and Regulation in Communications (ANCOM) informs. Romanian phone users spoke 1 hour and 4 minutes on average each month of 2016 by fixed networks and four times more through mobile ...

Infrastructure : Croatia Airlines increases competition on the Romanian market, brings three weekly flights

Tuesday, May 23, 2017

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As part of the plan to expand its European network, Croatia Airlines starts operating direct international flights from Bucharest to Zagreb, romaniajournal.ro reports. According to Kresimir Kucko, CEO of the Croatian national carrier, the service will operate on Mondays, Wednesdays and Fridays weekly. Croatia Airlines will also have flights to Split, Pula, Dubrovnik and Zadar (all via Zagreb). Once entering domestic market, the ...

CNAIR head: Romania will have another 90 km of highways this year

Tuesday, May 23, 2017

Romania will have until the end the end of 2017 some 90 km of fresh highways, in addition to 45 km of  bypass roads, while for 250 km of roads there will be upgrade works, the general director of the National Company of Road Infrastructure (CNAIR), Stefan Ionita, told Agerpres quoted by business-review.eu. According to the CNAIR head, a wide part of the road infrastructure projects for the next period might be supported by European funds, as the ...

Traffic increases at Bucharest airports put them among Europe's top five Q1 2017 highest rising

Tuesday, May 23, 2017

Bucharest City's two airports - Henri Coanda and Aurel Vlaicu - have joined the top five Q1 2017 highest rising airports in terms of passenger traffic increases, according to news from the Airports Council International Europe cited by the Bucharest National Airport Corporation (CNAB) in a press statement released on Monday. In the group of airports ...

Trade: Wholesale trade turnover increased by 6.3 pct year-over-year in Q1

Tuesday, May 23, 2017

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 Romania's wholesale trade turnover increased by 6.3 pct year-over-year in the first quarter, largely due to other products' specialised wholesale trade, but also trade in food products, tobacco and beverages, show official data released on Monday by the National Institute of Statistics ...

Cars: Romania's Jan-Apr new passenger car registrations jump 22.3% - ACEA

Tuesday, May 23, 2017

New passenger car registrations in Romania rose 22.3% year-on-year to 28,916 during the first four months of 2017, provisional data from the European Automobile Manufacturers' Association, ACEA, indicated on Tuesday, seenews.com reports. In April alone, new passenger car registrations in Romania climbed 7.5% to 6,640 units, ACEA said in a statement. Romanian car maker Dacia's sales in the EU increased by 6.1% year-on-year, ...

Healthcare: Medical service supply in Romania under European average

Tuesday, May 16, 2017

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Jacek Glinka, the president of Medicines for Europe Association, present at the International Health Forum, declared that Romania is last in Europe for the supply of medical services and said that a sustainable budget would solve the problem. State councillor Diana Paun shares the same opinion. When explained the need for balance in the budget allocated to the health sector in Romania. “We are preoccupied by having ...

Private health insurances cover only 1% of market - Experts

Tuesday, May 16, 2017

Insurance companies point to the fact that 1% of the national health system is ensured by private contributors, while a normal trend would mean a 10% increase. In Romania, 30% of hospitals are private, but only 5% of Romanians have private health insurances. According to insurers, the private health system has known an increase in the past year, but it is under the European average. This increase is determined by a relatively ...

INSP: In Romania, mortality caused by cervix uteri cancer, four times over the European average

Tuesday, May 16, 2017

Romania is  ranked first in Europe for the incidence of cervix  uteri cancer, as annualy over 4,000 Romanian women are diagnosed with this disease and mortality due to this cause is four times over the  European average, stated on Tuesday in Targu Mures Carmen Ungurean from the National Institute for Public Health (INSP). Due to this, Carmen Ungureanu showed INSP and ...

Romania cuts vaccine exports as measles outbreak takes hold

Tuesday, May 16, 2017

The European Commission has endorsed Romania’s decision to temporarily suspend exports of measles, mumps and rubella (MMR) vaccine to the rest of the EU, following a serious measles outbreak and dwindling medical stocks. EURACTIV Romania ...

Tourism: Eurostat: În 2015, Romania among the least popular tourist destinations for foreign tourists in the EU

Tuesday, May 16, 2017

Romania was among the least popular tourist destinations for foreign tourists in the EU, in 2015, along with much smaller countries such as Slovakia, Latvia, and Luxembourg, according to data from EU’s statistical office Eurostat quited by Mediafax. The statistics take into consideration the number of nights spent by foreign tourists in local hotels and guest houses. The four most popular EU destinations for non-residents were Spain (270 million ...

Real Estate: Due to poor infrastructure in Bucharest investors develop mixed projects with offices, stores and apartments

Tuesday, May 16, 2017

Real estate investors have started developing mixed projects made of office buildings, retail areas or residential ensembles in the main office building areas in Bucharest, said real estate consultant Monica Vasile from Cushman & Wakefield Echinox, at Reality Forum, organizes by Business Review. She said the tendency was due to the poor infrastructure in Bucharest. “Investors are tired of waiting for infrastructure projects. They came with ...

Office buildings in expansion in Bucharest centre-southern area Unirii-Timpuri Noi

Tuesday, May 16, 2017

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Many office buildings have been built lately in the most expensive area in Bucharest - centre and northern (Barbu Vacarescu - Dimitrie Pompeiu), but office building developers shifted their orientation to the centre-southern area (Unirii- Timpuri Noi), real estate specialists say. “There is broad interest in developing the central area. Unirii is just being born. Once Unirii View project  develops, Unirii area will be the place to develop ...

Bucharest land market hit a new record high în 2016

Tuesday, May 16, 2017

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The Bucharest land market last year hit a new record high, with an aggregate of 110 hectares of land property traded, 144 pct more than in 2015; the money value of the properties was 127 million euro, up 41 pct from the previous year, according to a a survey by a real estate ...

Agriculture: The  quantity  of  cow’s  milk  collected  by  processing  units in March 2017 up 5.9% from March 2016 

Tuesday, May 16, 2017

The  quantity  of  cow’s  milk  collected  by  processing  units  from  agricultural  holdings  and  collection centres in March 2017 increased by 19.9% compared  to February 2017 and was up  ...

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