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Infrastructure: TAROM prepares opening long-courier routes to China and USA

Tuesday, October 15, 2019

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TAROM is preparing the opening of long courier flights to China and the US. In October they intend to replace the ATR fleet, transport minister Razvan Cuc declared while attending the signing of the rehabilitation contract for buildings A, B and Rotonda at Aurel Vlaicu, Bucharest Baneasa International Airport. As for replacing the ATR fleet, the minister said the first aircraft  out of the nine planned ones should arrive in October. “TAROM managers informed me that ...

Ploiesti-Brasov highway to be made by Turkish-Chinese consortium

Tuesday, October 15, 2019

The dismissed minister of Transports, Razvan Cuc, has announced that the contract for the Ploiesti-Brasov Highway is ready. It is to be made in public-private partnership by a Turkish-Chinese consortium. The sacked minister said the consortium and the Romanian Prognosis Commission have reached a consensus and they will deliver the contract to kick off the project next week. “We hand it to the next government on a silver plate,” Cuc said. The ...

Tourism: Apex will open first Courtyard by Marriott hotel in Romania

Tuesday, October 15, 2019

The Lithuanian company Apex will open the first Courtyard by Marriott hotel in Romania in the next two weeks. It is an up to 30 million euro investment and two other hotels, Moxy by Marriott and Autograph by Marriott will be commissioned next year, Gerhard Erasmus, CEO Apex Hotel Alliance Management told News.ro. The company also owns in Romania Hilton Garden Inn Bucharest Old Town and Hilton Garden Inn Bucharest Airport, near Otopeni Airport. The hotel is a recently built ...

Healthcare: Social Monitor: Half a million Romanians gave up medical care in 2018

Tuesday, October 15, 2019

Half a million Romanians have up medical care in 2018 because they considered they did not afford it, according to the Social  Monitor, a Friedrich-Ebert-Stiftung Romania project. According to statistics, about 560,000 people needed the services of specialized physicians in 2018 but avoided them because they considered they could not afford the expenses. Of them, 345,000 were women and 213,000 men. 296,000 persons lived in the rural area and 262,000 in the rural area. At ...

Eurostat: Stem cell transplantation in the EU

Tuesday, October 15, 2019

In 2017, over 30 000 patients in the European Union (EU) received healthy blood-forming cells (stem cells) to replace their own that had been destroyed. The highest numbers of stem cell transplants were reported in Germany (7 700), France (5 500), Italy (5 100), the United Kingdom (3 800) and Spain (3 100; 2015 data). Rate of stem cell transplantation highest in Luxembourg To make a sound comparison between countries, the absolute numbers of stem ...

Real estate: Office area market grew by 24% in first three quarter, 2019

Tuesday, October 15, 2019

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The volume of office area rentals amounted to 339,100 sq.m at the end of the first three quarters of the year, 65,430 sq.m more (24%) than in the same period of 2018, according to an ESOP  survey on data centralized by main brokers in the market, which shows that most transactions were made in Bucharest, Cluj Napoca and Timisoara. “The office market remains in a growing trend, it is a period of development and extension both for multinational companies and the local ones. ...

Real Estate investments exceeded EUR 585 M in the first 9 months of 2019

Tuesday, October 15, 2019

The volume of real estate investments in Romania exceeded EUR 585 million in the first nine months, shows the latest research report of CBRE real estate market consultancy firm. The office market attracted more than half of the investments, Bucharest and ...

Telecom.IT: 5G deployment set to unleash new wave of startup innovation

Tuesday, October 15, 2019

With Romania set to announce the winners of the tender for 5G spectrum by year-end, the local startup community could harness the potential of the new generation of wireless technology, which will impact a wide array of industries, ranging from transportation to healthcare and manufacturing, http://business-review.eu reads. The biggest telecom players in Romania have already carried out limited tests on 5G, while globally the main smartphone ...

Cars: Motor vehicles and motorcycles trade up 7.3 pct in January-August

Tuesday, October 15, 2019

Motor vehicles and motorcycles trade advanced 7.3 per cent in January-August 2019, gross series, compared with the same period last year, while services provided to the population posted an increase of 13.4 pct, according to data released by the National Institute of Statistics (INS) on Monday.In January 1-August 31 2019, as against the same period last year, wholesale and retail, maintenance and repair of motor vehicles and motorcycles, series adjusted depending on the number of ...

Slight decrease in registrations of new and second-hand vehicles in first nine months of 2019

Tuesday, October 15, 2019

 The number of new and second-hand vehicle registrations in Romania reached 453,280 units in the first nine months of 2019, down 0.05 percent compared to the same period in 2018, according to the statistics with the Driving Licences and Vehicle Registration Directorate (DRPCIV).According to the data, between January and September 2019, the total number of new vehicle registrations was 124,049 units ( +16.37 percent compared to the first nine months of 2018) and in the ...

Agriculture: Plescoi sausages, sixth EU recognised, protected Romanian product

Tuesday, October 8, 2019

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The European Commission approved the registration of the Romanian product "Plescoi sausages" in the register of the products that benefit from Protected Geographical Indication (PGI), a press release of the community executive informs."According to the procedures to register a name in the Registry of protected designation of origin and protected geographical indication, there was no statement of opposition submitted in the legal term. Thus, according to the terms ...

Ministry of Agriculture: This year, wheat yields, slightly down to 10 mil t; rapeseed down by 900,000 t

Tuesday, October 8, 2019

Romania has this year harvested a bit over 10 million tonnes of wheat from 2.1 million hectares, down by about 80,000 tonnes from 2018, with the best per hectare yield reported by the counties of Giurgiu (5,800 kg), Satu-Mare (5,700 kg) and Timis (5,500 kg), according to data centralised by the Ministry of Agriculture and Rural Development (MADR)."Now we can say that this year's wheat crops from 2.1 million hectares exceed 10 million tonnes, being close to last ...

EximBank, Agricost sign agreement worth 2.8mln euros for investment in Big Island of Braila holding

Tuesday, October 8, 2019

A financing agreement worth 28.8 million euros was concluded between EximBank and Agricost SA - the administrator of the farm holding on the Big Island of Braila, the largest integrated farm system in the European Union (EU), with the purpose of acquiring high-performance agricultural equipment and expanding the irrigation structure in this area, EximBank announced in a release issued on Monday .In 2018, Agricost was taken over by the Al Dahra group in the United ...

Real Estate: Eurostat:The price of housing increased in Romania as in the EU, in the second quarter of 2019

Tuesday, October 8, 2019

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House prices, as measured by the House Price Index, rose by 4.2% in both the euro area and the EU in the second quarter of 2019 compared with the same quarter of the previous year. These figures come from Eurostat, the statistical office of the European Union. Compared with the first quarter of 2019, house prices rose by 1.7% in the euro area and 1.6% in the EU in the second quarter of 2019. House price developments in the EU Member States ...

Lion’s Head Investment eyes more office projects in Romania

Tuesday, October 8, 2019

South African investment fund Lion’s Head Investments, a company resulted from the merger of Old Mutual (the oldest insurance company in South Africa) and AG Capital, is negotiating the acquisition of more office buildings on the Romanian market, after the Oregon Park acquisition last ...

One United has EUR 220 mln office projects under development

Tuesday, October 8, 2019

Romanian real estate developer One United Properties has office projects totaling 150,000 sqm under development or in the pipeline in Bucharest, to be completed in the next five years. The total investment in these projects amount to EUR 220 million, One United co-founder Andrei Diaconescu said in a meeting with the press, ...

Survey: developers predict residential prices in Romania will grow this year

Tuesday, October 8, 2019

According to a survey conducted by real estate exhibition Imobiliarium among the developers who will be present at the Baneasa fair from October 11-13, 60 percent of developers expect price increases of up to 10 percent per square meter in the next year. On the other hand, about 30 percent of them said that prices would stagnate, while 10 percent think they will fall. According to developers, the biggest impediments encountered ...

RU Shalit pour EUR 10 mln in luxury apartments in Bucharest

Tuesday, October 8, 2019

Real estate developer RU Shalit, founded in Israel by entrepreneurs Rivka and Uriel Shalit, plans to build a tower with 50-60 luxury apartments near Free Press House (Casa Presei Libere) in the northern part of ...

Gran Via Real Estate completes the Aviation Apartments project, an investment of 17 million euros

Tuesday, October 8, 2019

The Spanish-based developer, Gran Via Real Estate, is completing in October the residential project Aviatiei Apartments with 291 units: studio, two and three room apartments, a total investment of EUR 17 million (construction cost, without land value). ”We are completing this month the third project in Bucharest, a premium ensemble, in Aviatiei area, that benefits from contemporary architecture, efficient layouts, low height regime, indoor ...

Infrastructure : EC initiates infringement procedure over failure to transpose directives of 4th Railway Package's Technical Pillar

Tuesday, October 8, 2019

European Commission initiated the infringement procedure against Romania over failure to transpose the two directives related to the Fourth Railway Package's Technical Pillar, namely the safety directive and the inter-operability directive, into the national legislation.The Romanian authorities received a letter of formal notice from the Community Executive, which is the first stage of the procedure applied in case of violation of the community laws, the Ministry ...

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