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Real Estate: Globalworth to develop EUR 35.5m logistics project in Romania

Tuesday, May 21, 2019

Globalworth leading office investor operating in Romania and Poland is rebranding its industrial space portfolio to Global Logistics as part of its strategy to consolidate its position in this fast-growing market and announces a new project near Bucharest with an ...

Real estate market: 110,000 square meters were leased in Bucharest in Q1, 2019

Tuesday, May 21, 2019

The largest area traded on the real estate market in Romania in the first quarter of the year is in office buildings in Bucharest, where 110,000 square meters were leased, according to a special analysis conducted by a CBRE. On a general level, the modern office space inventory reached 3 million square meters, of which 51 percent are in Class A projects. “In the first three months of the year, ...

Bucharest has over 70,000 sqm of co-working spaces

Tuesday, May 21, 2019

The total surface taken up by co-working spaces in Bucharest has increased rapidly over the past years, especially driven by the development of the IT industry, and now reaches over 70,000 sqm, according to economica.net. Flexible offices appeared for the first time in Bucharest in 1998, from ...

Crisis in Romanian real estate market: the number of transactions dropped by 22 pct in Q1 2019

Tuesday, May 21, 2019

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The number of transactions in the Romanian real estate market declined by by 22 percent year-on-year in the first quarter of this year to 116,109, according to Imobiliare.ro. The analysis shows that the drop can be a consequence of the fact that in January and February the First House (Prima Casa) government-backed programme didn’t start – and Prima Casa still covers a big part of the house market demand. In Q1 2019, ...

Agriculture : Romania becomes a major grain producer and exporter in the EU

Tuesday, May 21, 2019

Romania consolidates its position as a major producer and exporter of cereals in the European Union as it registered good crops during the last couple of years. Last year, Romania was the third producer of cereals in the EU, after France and Germany, with 31.2 million of tonnes. The eastern European country is now the biggest producer of corn and sunflower seeds within the EU, with total output of almost 19 million tonnes of ...

Area of virgin forests in Romania, in dedicated catalogue, increases to 6,947 ha

Tuesday, May 21, 2019

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The area of virgin forests in Romania, registered in the dedicated catalogue, grew by 1,048 hectares, up to 6,947 hectares, while quasi-virgin forests, according to the same document, cover an area of approximately 22,116 hectares, the Ministry of Waters and Forestry (MAP) announced in a press release on Tuesday.With the new figures, the relevant ministry states that it has completed a new phase of analysis of the forests of great value in Romania and that it has ...

Tourism : Over 265,000 arrivals of tourists registered in Bucharest in first two months of 2019

Tuesday, May 21, 2019

The number of arrivals of tourists in Bucharest in the first two months of 2019 amounted to 265,160, of which about 96 percent (253,840 arrivals) were arrivals in hotels, according to data centralized by the National Institute of Statistics (INS). As many as 3,114 tourists arrivals were registered in villas, 1,046 arrivals in boarding houses and 50 in motels. The number of overnight stays in the mentioned period was 452,440, of which 428,997 overnight stays ...

Workforce shortage in tourism reaches 150,000 people

Tuesday, May 21, 2019

The workforce shortage in tourism is at 150,000 people at the moment, says Dragos Anastasiu, the vice president of the National Association of Tourism Agencies (ANAT).  According to Anastasiu, importing workers from countries such as Nepal or Vietnam is only a short-term solution and does not solve the fundamental problem of the labor shortage Romania is facing. However, labour shortages exist across the entire economy, and ...

Accor and Orbis plan to open 10 new hotels in Romania by 2022

Tuesday, May 21, 2019

Romania is a key market for Accor and its strategic partner in Eastern Europe, Orbis Group. There are 11 hotels operating throughout the country today, under Accor brands: Pullman, Novotel, Mercure, ibis and ibis Styles – and the development pipeline comprises 10 more hotels, that will bring 1450 new rooms to the market by 2022. In 2018, Orbis has reinforced its commitment to the Romanian hospitality by purchasing Mercure Bucharest Unirii for EUR ...

Romanians are looking for holidays on beaches in southern Europe

Tuesday, May 21, 2019

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After the cold wave that covered Europe until May, it’s no surprise that Romanian travelers are dreaming of spending a holiday on the beach under the mighty Mediterranean sun: 66 percent of Romanians are planning to spend their holiday at the seaside (compared with 53 percent of international travelers). The free travel search engine momondo.ro asked people around the country about their ideal summer vacation and where they were planning to ...

Infrastructure : The International airport Timisoara – Traian Vuia estimates income growing with 6%

Tuesday, May 21, 2019

The international airport Timisoara – Traian Vuia estimates this year the income will grow by 6% at 55.5 million lei and a net profit of 5.21 million lei, according to a draft of ordnance regarding the budget for income and expenses for 2019 of the company under the authority of the ministry of transport. “The budget for income and expenses for 2019 was drawn up with a growth of total income with 6% and total expenses with 5.95%, the ...

Trade: Romanians use online trade less than the West

Tuesday, May 21, 2019

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Alexandru Petrescu, the minister of communications and information society declared in Timisoara, on Tuesday, that although the volume of transactions made by means of online trade went up bhy 30% in Romania in 2018 compared to the previous one, the margin of use is too small compared to Western European practices. For that, laws concerning online trade at EU level should be uniformed. “E-commerce grew in 2018 by 30% in transaction volume, ...

Cars: Motor vehicles and motorcycles trade turnover goes up 19.5pct in March against February

Tuesday, May 21, 2019

Compared to the previous month, in March 2019 the turnover volume of the trade with motor vehicles and motorcycles increased both as gross series by 19.5% and as adjusted series according to the number of working days and to seasonality by 2.2%. The turnover volume of the market services provided to the population, compared to the previous month, increased both as gross series by 9.1% and as adjusted series according to the number of working days and to ...

Telecom.IT: Fixed internet connections, up 7pct in Romania, in 2018; over 10mln mobile connections, 4G

Tuesday, May 21, 2019

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The number of fixed internet connections in Romania reached 5.1 million at the end of 2018, 7 percent more than in the previous year, while in the case of mobile internet, 4G connections have exceeded 10 million, an annual increase of 27 percent, according to statistics published on Monday by the National Communications Administration and Regulation Authority (ANCOM).According to the statistical data report, at the end of 2018 the number of 4G connections was 10.1 ...

Telecom.IT : The government plans to launch 5G auction in autumn

Tuesday, May 14, 2019

The Romanian government plans to launch the auction for 5G licenses in autumn, despite higher taxes impose this year to telecom operators, according to telecom regulator (ANCOM) president Sorin Grindeanu. “All this, combined, 5G with the Internet of Things, will lead to a new industrial revolution. Implementing 5G on all market studies will lead to the creation of around 250,000 jobs. We are talking about intelligent industries that will ...

Real Estate: Flats got cheaper last month on lower demand for new dwellings

Tuesday, May 14, 2019

Romanian apartments got cheaper in April, according to a study conducted by Imobiliare.ro. After March, when prices grew slightly, in April claims from apartment sellers declined nationwide. According ...

6,500 residential units in development in north Bucharest

Tuesday, May 14, 2019

Over 6,500 residential units are under development in the northern part of Bucharest and are due to be delivered on the market in 2019-2020, according to a study released by real estate consultant SVN Romania. The majority of this dwellings – approximately 60 percent – are in the Aviatiei-Pipera area, where there are also the most office buildings in Bucharest. Approximately 2,400 new units are due to be delivered in 2019, while another ...

Colosseum Mall signs new tenants

Tuesday, May 14, 2019

Colosseum Centre, located in the north-western part of Bucharest, district 1, has attracted new fashion, leisure and food court tenants, as part of the extension plan of the commercial centre. As the construction work progresses, many tenants are interested to join Colosseum Mall. This trend is sustained by the strong performance of the existing Colosseum Centre which has given brands a great opportunity to develop their businesses in district 1, ...

Cars: New passenger vehicle registrations down 1.1 pct in Q1

Tuesday, May 14, 2019

The new registrations of road vehicles for passenger transport decreased by 1.1% in the first quarter of 2019 compared to the first quarter of 2018. In the same period, the new registrations of vehicles for goods transport fell by 0.2% compared to the first quarter of the previous year. New registrations of passenger vehicles were 1.1 percent down to 149,498 units in Q1 ...

Healthcare: Report: The pharma market in Romania increased by over 13% last year

Tuesday, May 14, 2019

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The pharma market in Romania, including drugs with and without prescription registered in 2018 an increase of 13.4% against last year, reaching the level of 3.374 billion euro, according to the data supplied by the company for market research IMS and quoted by Zentiva, one of the main local producer of drugs. According to it, Zentiva had in 2018 an average producer price of 7.84 lei with 4% up against the average of 7.52 lei in ...

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