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Economic

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 ...

Agriculture: The quantity of cow’s milk collected by processing units in May 2017 up 5.7% from May 2016

Tuesday, July 18, 2017

The quantity of cow’s milk collected by processing units from agricultural holdings and collection centres in May 2017 increased by 21.8% compared to April 2017 and was up 5.7% from May 2016. The quantity of cow’s milk collected by processing units from agricultural holdings and collection centres in the 1.I-31.V.2017 period rose by 2.7% compared to the 1.I-31.V.2016 ...

Big farmers in Romania expect to obtain more wheat this year

Tuesday, July 18, 2017

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Big farmers in Romania, interviewed by News.ro, estimate that they will harvest more wheat this season than last year, while other farmers expect similar yields. According to Ion Cioroianu, councillor of the Farmers’ Association in Romania (AFR), the average yield being included between 4 and 6 tons per hectare, while the yield is significantly better in the case of big farms. Farmer Dimitrie Musca, who grew 3,000 hectares ...

Infrastructure: Building licence issued for connection of A3 highway with Bucharest

Tuesday, July 11, 2017

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The National Company for Road Infrastructure Administration (CNAIR) announced in a press release on Thursday that the licence for the execution of construction works was issued to connect A3 highway with Bucharest. The value of works is about 22.6 million lei. CNAIR points out that the contractor is making efforts to complete the 3.3 km known as urban highway, by December 2017. The deadline stipulated by contract was August ...

Romania plans to invite bids for building 800 km of Craiova-Pitesti motorway

Tuesday, July 11, 2017

Romania plans to invite bids for the construction of some 800 km of motorways this year, helped by the government's efforts to reduce delays in public auctions, the transport ministry has said quoted by seenews.com. The main projects, for which tenders will be called this year, are the Sibiu-Pitesti motorway and Craiova-Pitesti motorway, the southern ring road of Bucharest and the Targu Mure? - Iasi - Ungheni section, the transport ministry said in a ...

PM Tudose: works on 800km of motorways are expected to be put up for a tender in 2017

Tuesday, July 11, 2017

 After a visit to the Transport Ministry on Wednesday, Prime Minister Mihai Tudose said works on 800km of motorways are expected to be put up for a tender under the electronic public procurement system in (SEAP) in ...

2017 Q1 rail freight volume was up 9 pct YoY

Tuesday, July 11, 2017

 Romania's Q1 rail freight volume was up 9 pct YoY, while road freight volumes advanced 1 pct, shows data centralized by the National Institute of Statistics (INS). Rail freight stood at approximately 13.507 million tons, with domestic transport accounting for 78.7 pct of the total. Distance-based charges advanced 18.2 pct. Road freight volumes too advanced 1 percent to a total of 42.908 million tons, of which 69.4 pct in domestic ...

Tourism: Demand for holidays over 1,000 euros/family, higher than in 2016

Tuesday, July 11, 2017

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În 2017, the demand for holidays with budget over 1,000 euros per family is by a third higher than last year, while sales of all inclusive packages at five star hotels have grown by 15%. Destinations for which these holidays were bought are Spain, Greece, Romania, etc. Sales for summer holidays are growing by 20% compared to the same period of 2016, most of them being bought in the early booking period. Other top sales were made in the week ...

Eurostat: Romanians, 1 percent of the total number of EU residents who traveled to extra-EU destinations in 2015

Tuesday, July 11, 2017

Just 1 percent of the total number of EU residents who traveled to extra-EU destinations in 2015 were Romanians, shows relevant statistical data published by Eurostat on ...

Telecom. IT: Internet service penetration rate in Romania stands at 89 percent

Tuesday, July 11, 2017

The Internet service penetration rate in Romania stands at 89 percent and connectivity around 60 percent, the National Authority for Administration and Regulation in Communications - ANCOM President Catalin Marinescu told a specialist conference on Tuesday. "From a service quality point of view, Romania is on the first place and this is owed to some historic ...

Microsoft & Carrier Billing Partner Boku Expand into Spain, Romania, & Austria for Windows 10 Users

Tuesday, July 11, 2017

There are many users around the world whose only form of credit is the ownership and payment history for their smart phones, http://winsupersite.com/ reads. Although options like PayPal do expand some users ability to make Windows Store ...

Agriculture: In  May  2017, the number  of  slaughtered  sheep  and  goats  decreased  more than 4.8 times

Tuesday, July 11, 2017

•Compared  to  April  2017,  in  May  2017  the  slaughtering  and  the  carcass  weight ...

Trade : Study:Romania is second in Europe in terms of actual and expected average annual growth of sales in F&B sector

Tuesday, July 11, 2017

Romania is second in Europe, after Turkey, in terms of actual and expected average annual growth of sales in the Food & Beverage (F&B) sector, which comprises full service restaurants, quick service restaurants and food fast eateries, coffee and tea shops and ice cream vendors, according to a recent Cushman & Wakefield global F&B ...

Real estate: JLL: Developers should have commissioned over 200,000 sq.m of offices in 2017

Tuesday, July 11, 2017

Office developers should have commissioned this year ten projects with an area of 219,500 square metres, dropping by 37% compared to 2016, and most of the projects are likely to be postponed for 2018, said the general manager of the real estate consulting company JLL, Silvana Petre Badea, in an interview granted to News.ro. “This year there aren’t many projects to be commissioned. If projects are scheduled to be completed in quarter 3 or 4, ...

Housing prices go up by 7% in first 6 months of 2017, mainly in Cluj Napoca

Tuesday, July 11, 2017

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The price of housing in Cluj Napoca has registered the highest increase of 10%, at national level, in the first 6 months of the year, while the lowest, of 5.4% was in Bucharest, according to Imobiliare.ro index. After an advance of 0.5% in June, the average price for available  apartments for sale at national level (new and old) grew up by 6.7% in the first half of the year, reaching 1,120 euros per square metre (compared to 1,050 euros/sq.m at ...

GTC pays 9 mln euro for office building in Romania

Tuesday, July 11, 2017

Polish real estate developer Global Trade Center (GTC) has paid 9 million euro ($10.2 million euro) to Romanian real estate management company Adval Asset Management for an office building in Bucharest, seenews.com informs. Cascade Office Building is a class A office building with a total area of 4.300 sq m which was developed in 2004 by Dutch investment fund PeliFilip, the law firm which intermediated the transaction said in a press release on ...

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