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Infrastructure: Fincantieri will participate in building the longest suspended bridge in Romania

Tuesday, December 11, 2018

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The Italian group Fincantieri, through its subsidiary Fincantieri Infrastructure, announced it would participate in the building of a suspended bridge in Romania which, when completed, would be the longest in the country and the third in Europe for the length of the central segment. When works start in June 2019, it will be the longest suspended bridge in construction in the world, according to the company. “With a total ...

Siegfried Muresan: European Commission has not received file on Bucharest beltway yet

Tuesday, December 11, 2018

European MP Siegfried Muresan (PNL – liberal party) says the government has not sent the European Commission the file on the modernization of Bucharest beltway at highway level from European funds yet, although premier Dancila had announced the document would be sent on October 15. In a press release he presents as evidence an official EC answer of  December 5, stating that the Romanian government had not sent the financing file ...

New overground metro station to be built for Bucharest metro

Tuesday, December 11, 2018

Metrorex and Bucharest's District 4 Hall will start the joint construction project for a new overground metro station that will complete Main Line 2 and it will be located between Berceni Metro Station and the Ring Road, Daniel Baluta, Mayor of District 4 and Metrorex General Manager Dumitru Sadolescu told a Tuesday's press conference. The construction costs will be covered entirely from the local budget of District 4. The works will start in the first part ...

TTE Council meeting of the EU Council adopts general approach on Mobility package I

Tuesday, December 11, 2018

The meeting of the Transport, Telecommunications and Energy Council (TTE) of the Council of the EU adopted, after several rounds of negotiations, the general approach regarding the mobility package I (road), informs a press release of the Ministry of Transport, on last Tuesday .The event took place on Monday, December 3, in Brussels, under the Austrian Presidency of the Council of the European Union (PRES AT)."During the entire negotiation process, ...

All-time high traffic in Romanian airports in Jan-Sep 2018: passenger numbers rose 7.8 pct

Tuesday, December 11, 2018

The 16 airports in Romania have posted a 7.8 percent increase in passenger numbers in the first nine months of this year, to 16.62 million, an all-time high due to international flights, while domestic passenger traffic slightly increased, according to figures released by the National Institute of Statistics (INS) quoted by http://business-review.eu. Total passenger numbers on the Romanian airports have increased from 15.41 million in January-September ...

CFR earmarks EUR 107 mln for Bucharest central station – airport railway link

Tuesday, December 11, 2018

Romania’s public railway infrastructure company CFR SA launched an auction to select the contractor for the design and construction of a railway section that would link Bucharest airport (in the north of the city) and the existing railway system with the aim of eventually having a direct link between the airport and the central train station (Gara de Nord). The request was published in the electronic auctioning system SEAP and is estimated at a ...

Agriculture : Romania to be granted by European Commission over EUR 34M for African swine fever combating measures

Tuesday, December 11, 2018

Romania will be given a grant worth over EUR 34 million from the European Commission representing 75pct of the costs for the measures to combat the African swine fever (ASF), Prime Mminister Viorica Dancila announced on Friday at the beginning of the gov't sitting."Another piece of good news that arrived just this morning from the European Commission is related to the aid for combating the African swine fever. Romania is given a grant worth EUR 34,278,750, ...

Real Estate: Survey: Apartment prices slightly up this November to national average of 1,242 euro per sqm

Tuesday, December 11, 2018

Apartment prices continued their nationwide slightly upward trend this November, with the average asking price inching up 1.1 percent to 1,242 euro per square meter of usable living space from 1,228 euro/sqm in October, informs a survey by real estate portal Imobiliare.ro released on Thursday.Compared to the same period last year, when the average apartment cost was 1,169 euro/sqm, the sellers are now asking for a 6.2 percent higher figure. With the annual price ...

46,513 properties sold in November in Romania – 6,325 fewer than in October

Tuesday, December 11, 2018

In November 2018, 46,513 properties were sold across the country, 6,325 less than in October, according to the National Cadastre and Real Estate Advertising Agency (ANCPI) quoted by http://business-review.eu. This is the fourth consecutive month when a decrease was recorded in the number of transactions. The number of homes, land plots and apartments that were the subject of sale-purchase contracts ...

Tourism : The tourism in month of October 2018

Tuesday, December 11, 2018

Compared to the corresponding month of the previous year, the arrivals in the establishments of tourists’ reception with functions of tourists’ accommodation increased by 11.7 %, while the overnight stays increased by 10.6% in October 2018. Compared to October 2017, in October 2018 customs registered an increase in the arrivals of foreign visitors of 5.9 % and an increase of 3.3% in the departures ...

Huge deficit of work force in the hospitality industry

Tuesday, December 11, 2018

Calin Ilie, the chairman of the Federation of Hospitality Industry of Romania (FIHR) and the general manager of IBIS Continental Hotels  Romania said on Wednesday that the deficit of workforce in the hospitality industry is of 100,000 people and among the solutions proposed  by the companies in the domain is the introduction of the tip on the bill. Another solution is investment in education. The companies in the domain invested in dual ...

Telecom. IT : Study: Romania leads in top of countries with highest number of cybersecurity incidents

Tuesday, December 11, 2018

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Romania is leader in the top of jurisdictions recording the highest number of cybersecurity incidents with 14 attacks, followed by the Czech republic (11) and Hungary (8), according to the study “The Cybersecurity Challenge in Central and Eastern Europe,” published by CMS and Legal Week Intelligence. Despite the fact that over 100 separate cyber incidents last year, affecting 18 Central and East European countries, less than a quarter of ...

A Romanian used monthly on average 28 GB of internet in Q1

Tuesday, December 11, 2018

The National Authority for Administration and Regulation in Communications (ANCOM) announced on Wednesday that on average a Romanian used monthly 26 GB through cable internet and 2.3 GB through mobile internet in Q1 of this year. ‘In Q1 of this year the average monthly traffic per inhabitant increased with 15% in the case of cable internet but the mobile internet registered a spectacular growth of 49% per inhabitant’ the press release ...

Trade: Goodbye, unjustified geoblocking in EU online trade!

Tuesday, December 11, 2018

Geo-blocking and other geographically-based restrictions undermine online shopping and cross-border sales. Regulation 2018/302 of 28 February 2018 will set an end to unjustified geoblocking. The Regulation started applying as of 3 December ...

Agriculture: Romania's 2018 crops: Cereals at 30-plus ml tonnes, corn and sunflower output at EU top

Tuesday, December 4, 2018

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Romania's cereal crop this year was of over 30 million tonnes, as to 27 million tonnes last year, with corn and sunflower outputs topping EU charts, Minister of Agriculture and Rural Development Petre Daea said on Monday."This year's cereal crop exceeds 30 million tonnes. At sunflower we have more than 3.35 million tonnes, placing us on the top position in the EU, with the largest production ever. We still have to harvest 0.5 percent of the surface under corn in ...

Gov't approves establishment of "Unirea" Agri-Food Trade Office

Tuesday, December 4, 2018

The government approved on Thursday the establishment of the Romanian Agri-Food Trade Office "Unirea", a trading company tasked with creating a national mechanism to ensure the purchase, sorting, primary processing, standardization and distribution to domestic or export trade networks of agri-food products, the Ministry of Agriculture and Rural Development (MADR) announced in a release.The new entity is designed to make a pro-active contribution to the ...

Real Estate: Survey: Prices of dwellings will stagnate in 2019

Tuesday, December 4, 2018

The prices of dwellings will stagnate next year, nationwide, in the context that the funds for the ‘first house’ programme will decrease by 25%, whereas the ROBOR Index level will not exceed 3.5%, a survey conducted by RE/MAX Romania, in partnership with imobiliare.ro reveals on Monday. The respondents to the survey on the real estate market in 2019 bring both positive and negative estimates. The analysts anticipate ...

Eurostat: Romanians spend less than most other Europeans on housing

Tuesday, December 4, 2018

Romanians spent last year 22.5 percent of their total consumption expenditure on housing, water, electricity, gas and other fuels, a share significantly lower than those seen in most western European countries, Eurostat data show. In 2017, households in the EU spent over EUR 2,000 billion – equivalent to 13.1 percent of EU’s GDP, on “housing, water, electricity, gas and other fuels”. This represents 24.2 ...

Healthcare: Eurostat: Romania, last in the EU in terms of healthcare spending

Tuesday, December 4, 2018

Romania ranks last in the European Union in 2016 in terms of earmark of the GDP for healthcare (5 percent), while France (11.5 percent), Germany (11.1 percent) and Sweden stand at the opposite pole, the data published on Thursday by Eurostat revealed.By comparison, Bulgaria allocated a share of 8.23 percent of the GDP for healthcare, the Czech Republic 7.14 of the GDP, Hungary - 7.36 percent of the GDP and Poland - 6.52 percent of the GDP.Romania ranks ...

Trade: GfK TEMAX : Romanian durable goods market, up 14pct to 814 mln euro in Q3

Tuesday, December 4, 2018

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The Romanian durable goods market rose by 14pct in the third quarter of 2018 compared to the same period of last year, having reached 814 million euro, the growth engines being the telecom sector, which posted a 19pct rise and office equipment, by 17pct, according to GfK TEMAX findings for Romania in Q3 2018.On the other hand, the photo sector continues its downward trend, losing 10pct of its value from July-September 2017.Analyzing the relevant market's ...

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