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Economic

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

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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 ...

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, ...

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