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Economic
Real Estate : The number of sold properties increased in H1 2023, but the average price per asset decreased
Tuesday, September 26, 2023
The number of sold income – generating real estate properties (office, retail, industrial & logistics spaces and hotels) during the first half of 2023 increased by 30% when compared with the same period of last year, but the average price per property decreased from €24 million to €11 million. Therefore, the transactional volume has seen an y-o-y decline of 43%, to a level of €181 million, according to data from the ...
Telecom.IT : Eight out of ten consummers in Romania noticed increase of online fraud and scams
Tuesday, September 26, 2023
Eight out of ten consumers in Romania (83%) noticed an increase of fraud and scams directed either towards them, their friends or people they knew, Revolut informed. Revolut launched a new educational module created to increase prevention of fraud among customers. According to the latest data offered by Global Anti-Scam Alliance (GASA), frauds generated losses of over 50 billion euros in 2021. A recent Revolut study ...
Forscope Romania: Unlicensed software in Romania is estimated at 130 million Euros
Tuesday, September 26, 2023
Forscope Romania, the largest software broker focused on buying and selling second hand software in Central and Eastern Europe, is drawing attention on the magnitude of the software piracy trend in Romania which is estimated to represent more than half (53%) of the total number of installed software, at a market value of about 130 million ...
Study: 75% of companies believe the organization with the most advanced generative artificial intelligence wins
Tuesday, September 26, 2023
Three quarters of the companies (75%) consider that the organisation with the most advanced advanced generative artificial intelligence will have a competitive advantage, but as in the case of any technology under quick development, the businesses prove to be unprepared and unsure about the way in which they can use it, show the data of the annual IBM study, CEO decision-making in the age of AI, Act with ...
Infrastructure: Development of Brasov-Ghimbav International Airport, discussed by Development Minister Vestea with EU Commissioner Valean
Tuesday, September 26, 2023
The Minister of Development, Adrian Vestea, discussed, on Tuesday evening, with the European Commissioner for Transport, Adina Valean, the MEP Siegfried Muresan and the director of the Brasov-Ghimbav Airport, Alexandru Anghel on the development of the airport based in Ghimbav, the central Brasov County."We focused on finding support and financing opportunities for the development of Brasov-Ghimbav International Airport (AIBG). Commissioner Adina Valean ...
Tourism: Fewer foreign tourists in Danube Delta
Tuesday, September 26, 2023
Fewer foreign tourists visited the Danube Delta this year, and those who did preferred independent means, the situation being influenced mainly by the Ukraine war. Marius Potolea, the vicepresident of “Discover Jurilovca” Association declared that the unit he is head of had recorded a 20% increase of the number of guests compared to last year, but at general level the situation was not a ...
Infrastructure: TAROM introduces more flights on Bucharest-Chisinau route from September 24
Tuesday, September 19, 2023
TAROM introduces more flights on the Bucharest-Chisinau route, starting from September 24, the prices for a ticket starting from 85 euros/segment, the national airline operator announced on Thursday.The company will operate additional flights every weekend, reaching 21 round-trip flights per week.According to the source, the prices for a ticket to or from Chisinau start from 85 euros/segment with the transport of a 23 kg checked baggage and ...
14 million euros for two large infrastructure projects under Interreg IPA Romania-Serbia Programme
Tuesday, September 19, 2023
Two large infrastructure projects worth a total of 14 million euros in the area of emergency management and development of medical infrastructure in the border area have been selected for funding at the third meeting of the Monitoring Committee for the Interreg IPA Romania-Serbia Programme, the Ministry of Development, Public Works and Administration (MDLPA) announced.According to a press release issued on Friday, the projects aim to improve the health and ...
Romania awards 4.5 mln euro deal for road feasibility study to local tie-up
Tuesday, September 19, 2023
Romania's road infrastructure company CNAIR said that it has signed a contract worth 22.3 million lei ($4.8 million/4.5 million euro) with a consortium of three local companies for a feasibility study for the construction of a section of the Filiasi-Lugoj expressway. The contract has a 24-month duration, with the feasability study requiring completion within 22 months, CNAIR said in a press ...
Tourism : Over 871,000 non-resident tourists in tourist accommodation structures in Romania in H1
Tuesday, September 19, 2023
The total number of non-resident tourists staying in tourist accommodation structures, such as hotels and hostels, was 871,600 in the first half of the current year, their expenditure amounting to 2.222 billion lei, with an average of almost 2,550 lei/person, according to data the National Institute of Statistics (INS) released on Friday.In this context, business trips (including participation in congresses, conferences, courses, fairs and exhibitions) ...
Real Estate: Romanian real estate investment market halved in H1 2023
Tuesday, September 19, 2023
The real estate investment market in Romania reached EUR 168 million in H1 2023, almost half the size in H1 2022, reveal data in a Colliers report published on last Tuesday.The industrial and logistics segment make up approximately 36% of the total, and the office segment some 31%.Also, offices remained an important asset class making up 31% of the total H1 2023 trade volume, while retail generated approximately 23% of turnover and hotels almost ...
New retail schemes in smaller cities reach a decade-high in deliveries
Tuesday, September 19, 2023
The first half of 2023 saw low new modern retail projects delivered, but the second half of the year is going to be more active, with about 260,000 square meters of new retail schemes announced for the end of the year, mostly in small and medium-sized cities, according to Colliers mid-year market report. Looking at the consumption structure, after years of high inflation, it is likely that households are starting to become more cautious and more oriented towards good quality- ...
Cars: New car registrations in Romania, up by 20%, after eight months
Tuesday, September 19, 2023
New car registrations rose 20% in the first eight months of this year compared to the same period in 2022, while green brands reported a 35.9% jump and a market share of 23,4%, according to the data of the Directorate for Driving Licenses and Vehicle Registration (DRPCIV), processed by the Association of Automobile Manufacturers and Importers (APIA).Depending on the type of fuel of the registered cars, in the first eight months of this year, gasoline ...
Healthcare: Analysis: The Demand For Pharmaceutical Products Sold Online Increased By 34% In Eastern Europe
Tuesday, September 19, 2023
The e-commerce sector for pharmaceutical products is experiencing unprecedented growth globally, and Eastern Europe is quickly confirming the trend. In 2022, Eastern Europe recorded 3 billion online visits on such platforms, marking a 34% increase compared to 2021. As a result, the region ranks fifth in global growth for 2022 compared to 2021, following other areas such as Sub-Saharan Africa (98%), Western Asia (51%), Southeast Asia (49%), and South Asia ...
9 Out Of 10 Romanians Lose Their Teeth From The Age Of 40, Investing Between EUR 5,000 To 15,000 In Dental Implants
Tuesday, September 19, 2023
The number of Romanians with dental problems and requesting dental implants increased in the period 2021-2023 compared to the pre-pandemic period (2018-2019). Thus, 9 out of 10 Romanians end up without teeth from the age of 40, at which point they opt for dental implants to complete one or both dental arches, investing between 5,000 and 15,000 euros for prosthetic work, shows an analysis of one local dental implantology ...
Agriculture : Romania managed to open new export markets this year, in the USA and Morocco
Tuesday, September 19, 2023
Romania managed to get on the market in the United States of America with products of pork, as well as to export, for the first time, to Morocco, live sheep with zero animal quarantine days, stated the chairman of the National Sanitary Veterinary and Food Safety Authority (ANSVSA), Alexandru Nicolae Bociu. Following very rigorous audits, Romanian operators have been ...
Real Estate: Interest in local land market remains high
Tuesday, September 12, 2023
The land market remained very active in Romania in the first half of 2023, with an estimated turnover of around 250 million euros, a volume that only includes land transactions for commercial real estate projects in sectors such as the residential, office, retail ones, without taking into account segments such as the industrial or energy ones, shows Colliers in its market report on the evolution of the real estate market in the first half of this year.The ...
Infrastructure: GfK Survey: Places where Romanians flew this summer
Tuesday, September 12, 2023
Italy, France and Spain are places where three quarters of the Romanians who organized their travels on eSky.ro spent their summer vacations. These three countries were closely followed by Greece and Turkey, while USA and Malta went up in the classification compared to 2022. Portugal was left behind. On the average, 19% more money was paid for low cost flights compared to the previous year , while full ...
Projects for expansion and modernization of Port of Constanta, worth 1.4 billion RON
Tuesday, September 12, 2023
Prime minister Marcel Ciolacu announced that projects aimed at expanding and modernizing the Port of Constanta, worth 1.4 billion RON, will be discussed at Friday's Government meeting."Mr. Minister of Transport, Sorin Grindeanu, I am glad that this is taking place the very day after the Three Seas Initiative Business Forum in Bucharest. This is clear and concrete proof that Romania is making serious efforts to support Ukraine by sustaining grain transit, but ...
Wizz Air to close Suceava base at October-end
Tuesday, September 12, 2023
Air operator Wizz Air announces that, as of October 28, it will close its base in Suceava, but will continue to operate flights on five routes to London Luton, Rome, Milan Malpensa, Dortmund and Memmingen.According to a press release the company sent on last Thursday, flights to Larnaca, Eindhoven, Brussels Charleroi, Paris Beauvais and Bologna will continue to be operated, but from the base in Iasi, which will grow with the addition of a fifth aircraft this ...