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Infrastructure: Mihail Kogalniceanu International Airport Constanta has investments of 17 million euros until 2023

Tuesday, November 23, 2021

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  Mihail Kogalniceanu International Airport Constanta has investments of 17.2 million euros, Bogdan Artagea the general manager of the airport declared for News.ro. The institution has also a feasibility study for a passenger terminal of 647,000 euros included in the investment program, showing whether the construction of a new terminal was opportune or the existing one should be ...

Blue Air announces new direct flight from Bucharest to Dusseldorf

Tuesday, November 23, 2021

Blue Air announces a new direct flight from Bucharest to Dusseldorf, the third largest airport in Germany, starting with summer time 2022, the company announced on Friday.From April, Blue Air will offer five weekly flights from Bucharest to Dusseldorf, Germany, on Mondays, Wednesdays, Thursdays, Fridays and Sundays."Blue Air is committed to consolidating its presence in major cities in Germany. We are pleased to offer our passengers a new direct ...

Real estate: Medical and pharmaceutical companies rented biggest office area in first 9 months of 2021

Tuesday, November 23, 2021

Medical and pharmaceutical  companies rented the biggest office area for medical clinics, hospitals or  headquarters in the first 9 months of 2021, about 23% of the market, exceeding  companies in IT&C which cumulated 22%, according to a specialized analysis released on Monday.   According to ESOP Consulting there was an increase of the overall demand from  medical companies, which ...

Report: Five of Romania’s biggest cities attract more than EUR 2 bln in new real estate projects

Tuesday, November 23, 2021

Total investments of over EUR 2 billion are underway or will start soon in five of Romania’s largest cities - Timisoara, Cluj-Napoca, Brasov, Iasi and Constanta. Thus, commercial property projects totalling over 370,000 sqm, seven large hotels affiliated to international brands and more than 20,000 new apartments will be completed in the five cities and the adjacent regions between end-2021 and 2024, according to the Bucharest Real Estate Club (BREC) - Regional ...

The effects of the pandemic boost the suburban and rural residential market

Tuesday, November 23, 2021

2020 saw, for the first time in 14 years, an increase in the rural population in Romania. Working from anywhere and social distancing have led to a population migration trend towards quieter areas in the suburbs or in localities around big cities, with important effects on the residential market, according to Colliers Romania consultants. The number of Romanians who trade urban congestion and choose more spacious, affordable housing has increased, and the trend is expected to ...

Cars: PwC Autofacts : Romania will have a growth of only 0.7% of the sale of new cars and light commercial vehicles this year

Tuesday, November 23, 2021

Romania will have this year a growth of only 0.7% of the sale of cars and light commercial vehicles, but on a medium term the record of 2019 could be surpassed, estimating that auto sales on the local market will advance with almost 46% until 2024, as compared to this year, shows the report of Autofacts made by PwC in Central Europe, on the basis of the HIS Markit ...

Healthcare: Study: Three out of four Romanians bought goods from online pharmacy at least once during pandemic

Tuesday, November 23, 2021

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According to a study made by the online market research company Ipsos for the pharmacy line  Professional Farmaline, three out of four customers of  pharmacies aged between 25 and 55, from the urban  area, bought products from online pharmacies. Most respondents had a first experience of online purchases in the last 6 months. At the same time, a third of online pharmacy customers estimate an increase of the frequency of their orders in ...

Agriculture : Over 1.91 million ha were sown with wheat until 10th November 

Tuesday, November 16, 2021

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The sown surface with wheat has surpassed 1.91 million ha, namely 89.2% of a total programmed for the autumn, of 2.15 million ha, according to the data centralised by the ministry of agriculture and rural development (MADR) until 10th November 2021.Another 9,000 ha were sown with rye, out of 10,000 ha programmed, 62,000 ha (87.9%) with spike type cereals from a surface programmed of 71,000 ha, 294,000 ha (92.5%) sown with barley, 93% of the 84,000 ha ...

Eurostat: Romania, the most significant decline in the value of agricultural production in the EU in 2020

Tuesday, November 16, 2021

In 2020, the economic accounts for agriculture show that total agricultural output in the EU stood at €414,1 billion in basic prices, down by 1.1% compared with 2019. This information comes from final 2020 estimates on the agriculture sector published recently by Eurostat. The article presents a handful of findings from the more detailed Statistics Explained article.   With €76.3 bn (or about ...

Tourism : Tourism Alliance pleading with Gov't for 5-year holiday voucher scheme

Tuesday, November 16, 2021

 The Tourism Alliance (APT), the umbrella organisation of Romania's 24 hospitality industry associations, is asking the government to offer the holiday voucher scheme announced as of January 1, 2022 for a 5-year period to both public and private sector employees, the APT said in a release on Monday."APT, together with the other union and employers organizations, welcomes the public announcement on the reintroduction of holiday vouchers for all employee ...

Cars:  'Green' vehicle sales in Romania up 94 pct, at 10 months

Tuesday, November 16, 2021

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 Registrations of vehicles have recorded a jump of 0.7 pct in the first ten months of the year, compared to the same period of 2020, and 'green' cars have noted an increase of sales of 94 pct, to a market share of 12.8 pct, shows data centralized by the Association of Vehicle Producers and Importers (APIA), published on Monday.On the Romanian market, after ten months, the rankings of cars and vehicles is led by Dacia (29,345 units), followed by Ford (9,528), ...

Jan - Sep turnover of motor vehicle, motorcycle trade up 27.9 pct YoY

Tuesday, November 16, 2021

The turnover of motor vehicle trade in the first nine months of 2021 was 27.9 percent up in unadjusted terms from the same period of the year before, while the turnover for market services provided to the population increased by 39.5 percent, shows data released on Monday by the National Institute of Statistics (INS).The advance of the turnover of motor vehicle retail and wholesale trade, and the maintenance and repair thereof was the result of growth in the ...

Trade: Sales of about 6.9 million euros recorded by 462 online stores during Black Friday campaign

Tuesday, November 16, 2021

The total value of sales registered by 462 online stores in 25 industries between November 1 aThe total value of sales registered by 462 online stores in 25 industries between November 1 and 14 increased by 47.8% compared to the previous year and exceeded 6.9 million euros (plus VAT), through the marketing platform 2Performant, a company listed on the AeRO market of the Bucharest Stock Exchange ...

The Smart Home market of Romania is estimated at approximately 20 million euro

Tuesday, November 16, 2021

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The Smart Home market of Romania is worth, at present, almost 20 million euro, under 1% of the whole European market, which is 23 billion euro, show the data of one of the leaders on the market for distribution of IT&C products and accessories in Romania, according to the estimates made by one of the leaders on the market for distribution of IT&C products and accessories on the local market.Sales of Smart Home products in the portfolio of the company ...

Infrastructure: Baneasa Airport to re-open in the spring of 2022

Tuesday, November 16, 2021

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Bucharest Baneasa – Aurel Vlaicu International Airport will be operational at full capacity from the spring of next year, after rehabilitation works that lasted two years. The announcement was made by George Dorobantu, general manager of the Bucharest National Airports Company.   “The equipment of other institutions connected to the airport, such as the border police and those that ensure ...

Real Estate: Modest retail development activity in the first 9 months of the year

Tuesday, November 16, 2021

The development activity in the retail market has been modest in the first nine months of this year, with only three small projects delivered, but we have also seen new retailers and developers entering the Romanian market this year, according to the Cushman & Wakefield Echinox real estate consulting company.   In total, new commercial spaces with a cumulative area of about 31.000 sq. m were delivered until the end of ...

Trade: Online trade market to increase by 15 pct this year, to 18.4 billion RON

Tuesday, November 9, 2021

The local online trade market will reach the value of 18.4 billion RON, in 2021, up by 15 pct over the previous year, when income exceeded 16 billion RON, reveals a study published on Friday by Termene.ro, a platform offering real-time data on financial and legal data of companies in Romania.According to the source, if in 2019, companies in the field obtained profits of approximately 680 million RON, at the level of 2020 they obtained over 1.23 ...

Real Estate: Number of office transactions went up by 24% in first 9 months

Tuesday, November 9, 2021

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The office market in Bucharest recorded an increase of 24% for the number of transactions, in the first 9 months of the year, compared to the same period of 2020, according to a report made by experts of the real estate consulting company Avison Young.    In quarter 3, 2021, the modern office area stock reached 3.43 million sq.m,  while the non occupancy rate grew to 11.7% compared to 10% at the ...

Demand for logistics and industrial spaces in the first 9 months of 2021 sees a 3% decrease

Tuesday, November 9, 2021

The demand for logistics and industrial spaces reached 562,000 sq. m during the first 9 months of this year, a slight decrease of only 3% compared with the same period of 2020, according to the Cushman & Wakefield Echinox real estate consulting company. The leasing activity was driven mostly by new demand, which accounted for 86% of the transacted volume.   The demand for logistics ...

Real estate investment market down to 540 million euros in Romania in first nine months

Tuesday, November 9, 2021

 Romania's real estate investments recorded transactions worth 540 million euros, in the first nine months of 2021, almost half of the amount traded being registered in the third quarter of the year, reveals a report by commercial real estate brokerage professional services and investment management company Colliers, published on Thursday.Almost half of the traded amount was recorded in the third quarter of this year.According to ...

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