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Cars: National automobile park grew to 8.20 million vehicles in 2018

Tuesday, March 19, 2019

The national automobile park in Romania reached about 8.20 million units at the end of 2018, on the rise by 7.30% compared to the previous year, when 7.635 million units were registered, according to DRPCIV data. Specialized statistics show that 1,381,620 cars were registered in Bucharest, out of 8,193,278 cars registered at national level, an advance of 4.64% compared to 2017. At the same time, the number of cars registered in ...

The contribution of the auto sector in the economy represented 14% of GDP in 2018

Tuesday, March 19, 2019

The Minister of economy Niculae Badalau stated on Monday at the Auto Industry Forum 2019 in Craiova that, at national level, the contribution of the auto sector in the economy represented In 2018 approximately 14% of GDP and assured 27% of the exports, but the Romanian Industry was not protected from the worries through which the whole European sector went. ‘ We are not talking about the two big auto producers of Romania Dacia and Ford, but about ...

Lithuania and Romania – highest increase of new car registrations in the EU

Tuesday, March 19, 2019

The new car registrations in the European Union have decreased by 1% in February, but Lithuania and Romania have registered the highest increase, the European Automobile Manufacturers Association (ACEA) informs on Friday. In February some 1.114 million vehicles were sold in the EU, down against the similar period in 2018 (1.125 million). The highest increases were registered by Lithuania (94.5%), Romania (37.5%) and Hungary ...

Almost 100,000 new, used cars registered in Romania two months into 2019

Tuesday, March 19, 2019

Almost 100,000 new and used cars were registered in the first two months of this year in Romania, of which about three quarters (72,933 units) were used ones, show the statistics of the Driving License and Vehicle Registration Directorate (DRPCIV).Compared to the first two months of 2018, passenger car registrations decreased overall by 0.67pct, between January and February 2019, to 98,956 units.According to statistical data, the total number of new ...

Dacia sales in Europe up 2.4 pct in February

Tuesday, March 19, 2019

Sales of Dacia cars increased by 2.4 percent in February across Europe, while the Romanian auto manufacturer’s market share increased from 3.5 to 3.6 percent over the past year, according to data from the European Automobile Producers’ Association (ACEA). Data includes EU countries along with European Free Trade Association (EFTA) countries – Iceland, Liechtenstein, Norway, Switzerland. Dacia registrations in ...

Tourism: Study: About two thirds of Romanians use mobile application to book flights or rooms

Tuesday, March 19, 2019

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About two thirds (61%) of Romanians use a mobile application “almost  always”or “sometimes”to book flights or accommodation. The main reason for choosing a travel application are good ratings and recommendations of a friend or family member, according to a market study published by a technology company on Thursday. The study made by Travelport shows that 77% of business travelers and 53% of leisure travelers used a mobile ...

Non-resident tourists arrived in Romania in 2018 spent 2383.5 lei/person as average

Tuesday, March 19, 2019

 • In Q IV 2018, the total number of non-residents in collective tourist accommodation structures*) was 572.3 thousands and their total expenditure amounted to 1399.0 million lei. • In 2018, the number of non-residents in collective tourist accommodation structures was 2784.0 thousands and their total expenditure amounted to 6635.6 million lei More than 2.78 million foreign tourists checked in ...

Infrastructure : Ministry of Transport and Alsim Alarko signed for building A0 – Bucharest ring motorway

Tuesday, March 19, 2019

The Ministry of Transport has signed a EUR 160 million contract with Alsim Alarko Sanayi Tesisleri ve Ticaret, a Turkish company, for 16 km of motorway, out of the entire 51 km length of the future A0 – the Bucharest ring motorway. The highway, made up of three lots, should be completed by 2022 if works are going according to the plans, digi24.ro informs. Lot no. 2, which will connect the highway to Pitesti to the one to ...

Wizz Air announces two new routes from Romania to Germany

Tuesday, March 19, 2019

Wizz Air has announced two new routes to Germany from Sibiu to Karlsruhe/Baden Baden and from Suceava to Munich Memmingen. Both routes are starting from 17 June but Romanian passengers can already plan their trips to these cities as tickets are already available on wizzair.com with fares starting from as low as RON 99/ EUR 19.99. Baden-Baden becomes the fifth WIZZ destination in Germany from Sibiu after Frankfurt Hahn, Munich Memmingen, Dortmund and ...

Blue Air to take final decision on its Boeing 737 MAX order only after crash investigation

Tuesday, March 19, 2019

Blue Air, the largest Romanian airline, will take a decision on its order for 12 Boeing 737 MAX 8 jets only after an investigation into a fatal crash of one of the planes in Ethiopia, CEO Marius Puiu told Reuters. Puiu said his company was “monitoring the situation very carefully.” “We trust the world-wide precautionary suspension of flights, a decision that puts civil aviation transport safety first,” ...

Real estate: Real estate market to register new commercial property stock in 2019, 37% more than last year

Tuesday, March 19, 2019

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The real estate market will register the delivery of a new stock of commercial properties (retail, offices, industrial) in 2019, about two million square meters, on the rise by 37% compared to last year, according to the annual market report. Real estate analysts anticipate that the market will continue its positive evolution of 2018. Important increases of the modern stock, significant demand volumes, the drop of unoccupied ratios and the growing ...

Modern stock of logistic and industrial areas in Romania reached 3.8 million square meters in 2018

Tuesday, March 19, 2019

The modern stock of logistic and industrial areas in Romania reached last year 3.8 million sq.m, 81% of which is class A and 70% is found in properties close to regional cities, according to data published by CBR real estate consulting company. The unoccupied rate reached 3.7%, on the background of big demand, of the small area available in projects completed and the large number of pre-renting contracts signed for areas in construction, according to ...

Romanian real estate market, in the sight of Asian investors

Tuesday, March 19, 2019

Major Asian investors, like groups from China and South Korea, have set eyes on the local real estate market, exploring the potential to invest directly in the primary commercial markets. It is feasible that the first transaction could occur by the end of this year, according to Cushman & Wakefield Echinox consultants. The local market is currently undergoing a maturing process, which also involves the diversification of investment capital, ...

Trade: Victoria’s Secret to open store at Baneasa Shopping City

Tuesday, March 19, 2019

Victoria’s Secret will open a store in Romania in Baneasa Shopping City in the last quarter of this year, where the entire range of branded products will be traded. Baneasa Shopping City announces that the opening of Victoria’s Secret’s first store in Romania is scheduled for the last quarter of this year, digi24.ro informs. The store will have an area of over 500 square meters and will be located on the ...

Telecom.IT: Romania is 5th in the world for Internet speed in 2018

Tuesday, March 19, 2019

Romania ranked 5th in the world in 2018 for Internet speed, after Singapore, Sweden, Denmark and Norway, a thing which also attracted besides benefits, cyber risks, said Gabriel Mazilu, former deputy director of Cyberint National Center, within SRI, at a specialized forum. “Although the field of cyber security was set up in 2008, in Romania, on the occasion of NATO Summit in  Bucharest, in 2010 this country started setting up cyber security ...

Real Esatate: OTP Bank Romania: the volume of financing for real estate projects, almost double in 2018

Tuesday, March 12, 2019

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In 2018, OTP Bank Romania recorded a significant increase in the volume of corporate finance in real estate sector by 43.8%, compared to 2017. The evolution was due to the increased appetite of real estate developers, especially for office buildings, which resulted in an increased demand for financing in the real estate industry. The financing granted by OTP Bank Romania in 2018 was for residential projects, office buildings (development of new ...

GLL Real Estate Partners puts up for sale EUR 110 mln office building in Bucharest

Tuesday, March 12, 2019

German asset management company GLL Real Estate Partners has put up for sale the Floreasca Park office project located on Pipera road near the intersection with Barbu Vacarescu boulevard, according to data from the real estate market, quoted ...

Statistics: Approximately 60,000 dwellings completed in Romania, in 2018, 60 pct of the total in urban environment

Tuesday, March 12, 2019

Almost 60,000 of new dwellings were completed in Romania in 2018, a growth by 6,424 dwellings against the previous year, according to the provisional data released by the National Institute of Statistics (INS) on Friday.By area of residence, the official statistics shows that, out of the total 59,725 completed dwellings, there is a growth in the weight of completed dwellings in the urban environment (from 54.9 per cent in 2017 to 58.4 per cent in 2018), but also a ...

Globalworth starts construction of the Globalworth Square office building

Tuesday, March 12, 2019

Globalworth office investor in Romania and Poland, has started construction of the Globalworth Square office building. Located in the Barbu V?c?rescu area of the New Business District in Bucharest, between Globalworth Plaza and Green Court, the project will have a total leasable area of approximately 28,000 sqm, spanning 14 floors of office space and three underground floors for parking, while the ground floor will include facilities such as a restaurant and various retail ...

Cars: Dacia posts 17 pct growth on German market in February

Tuesday, March 12, 2019

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Dacia continues to improve its performance in Germany, Europe’s largest auto market. In February, the Romanian carmaker registered almost 6,000 cars in Germany and exceeded 12,000 in the first two months of the year combined, according to profit.ro. Not all brands in Germany recorded growth at the beginning of this year, but Dacia gained 17 percent in February, with a total of 5,849 units registered. The company remains in the top 20 of the ...

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