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Cars: DRPCIV : August new car registrations see more than twofold YoY increase

Tuesday, September 11, 2018

New car registrations this August stood at 28,546 - by 137.9 percent higher than the 12,001 registered in August 2017, shows data released by the Driving Licenses and Vehicle Registration Department (DRPCIV).According to the cited source, Jan - August car registrations hit 103,824, up 51.9 percent from the same period of 2017. As far as car registrations are concerned, this August was an exceptional month in other EU states too, as numbers in Spain were up 48 ...

Real Estate: Wallberg Properties invests EUR 62 mln in a new residential project in Timisoara

Tuesday, September 11, 2018

Valentin Morar’s Wallberg Properties prepares a major investment in Timisoara, the XCity Towers project with 955 apartments. Construction work began this summer and will last for several years, being organized in two stages. Wallberg has already obtained the building permit for Tower 1, with a 15-storey height scheme. XCity Towers project will total 955 apartments in 8 buildings with G + 15 and P + 10 levels in two development stages. The total ...

Global Trade Center increases its office rental income in Bucharest and plans for new expansion

Tuesday, September 11, 2018

The real estate developer Global Trade Center (GTC), owner of four office buildings in Bucharest, reported a rental income of EUR 8.6 million in Romania in the first half of the year, an increase by 12 percent. Revenues in Romania cover 11 percent of those at group level amounted to EUR 77 million.  GTC’s portfolio in Romania includes City Gate office buildings in Piata Presei, Cascade Office Building, Premium Plaza and Premium Point Plaza ...

Atenor to start new office project on Expozitiei Blvd. at the beginning of next year

Tuesday, September 11, 2018

Belgian real estate developer Atenor intends to start the development of an office project on Expozitiei Blvd. in early 2019, according to its last market report, if it receives the construction approval this autumn, http://business-review.eu informs. The office project in Expozitiei will be built on an 11,500 sqm land plot and will comprise 46,900 sqm of office space. The Belgian group will also develop an ...

Bucharest office market’s vacancy rate up to 8 pct, a 9-year low

Tuesday, September 11, 2018

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The vacancy rate in Bucharest’s office market has reached a historic minimum for the past 9 years, standing at 8 percent, while the modern office space stock reached 2.79 million sqm, according to CBRE consultants quoted by http://business-review.eu. In S1 2018, 149,000 sqm were traded, and in terms of deliveries, the first part of the year recorded a relatively slow pace, with 28,000 sqm completed and put into use, but the agency’s estimates for the second half of the ...

Healthcare: Competition Council starts probing into the market of non-prescription medicines and food supplements

Tuesday, September 11, 2018

The Competition Council has launched an investigation into the production and sale of non-prescription medicines and of food supplements, romaniajournal.ro reports. The inspectors will probe into the structural conditions of the markets, the existing contracts in this sector, while also conducting a detailed analysis of the enforceable legislative framework. If malfunctions which affect the competition environment are identified, the Council will propose amendments or revision of the ...

Tourism : The tourists’ overnight stays in the establishments of tourists’ reception, up 3.8pct between January-July 2018

Tuesday, September 11, 2018

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• Compared to the corresponding month of the previous year, the arrivals in the establishments of tourists’ reception with functions of tourists’ accommodation increased by 2.8 %, while the overnight stays increased by 2.9% in July 2018. • Compared to July 2017, in July 2018 customs registered an increase in the arrivals of foreign visitors of 7.0 % and an increase of 8.3% in the departures abroad of the Romanian visitors. Over 6.858 ...

Romanians spend around EUR 700 on summer vacations abroad

Tuesday, September 11, 2018

According to Vola.ro and Revolut data, between June and August 2018, the number of Romanians who choose to spend their summer vacations abroad is increasing from year to year, http://business-review.eu reads. Vola.ro registered over 100,000 air tickets sold to destinations abroad this summer.  Vola.ro’s travel options coincide with the destinations where Revolut users spent the ...

Government decides to maintain holiday vouchers worth 1,450 lei, in 2019

Tuesday, September 11, 2018

Prime Minister Viorica Dancila announced on Wednesday that the Government has decided to maintain in 2019 the holiday vouchers worth 1,450 lei."I established at the Government level to keep this highly appreciated measure, by both the public sector employees, as well as by those in the tourism sector. I mean we intend to keep in 2019 the holiday vouchers worth 1,450 lei. We have made this decision considering both the economic benefits, as well as the social ones", Dancila ...

Infrastructure : Transport Ministry signs contract of about 230 million lei to upgrade Constanta port infrastructure

Tuesday, September 4, 2018

Transport Minister Lucian Sova and Director General of the Constanta National Maritime Port Administration (CNAPM) Nicolae Dan Tivilichi signed a funding contract involving European funds worth almost 230 million lei for upgrading the Constanta port infrastructure, at the company's main offices on Friday.The value of the investment project "Modernising port infrastructure by deepening the navigable parts and basins and enhancing safety of navigation in the Port of ...

Statistics: Flight passenger number up 7.5 pct in H1

Tuesday, September 4, 2018

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The number of air passengers in H1 2018 was in excess of 9.94 million, up 7.5 pct from the same period of the year before, shows data centralized by the National Institute of Statistics (INS).The airports with the highest share of carried passengers are Bucharest's Henri Coanda with over 3,203 ml boardings and 3,126 million off-boardings; Cluj-Napoca - 661,600 boardings and 635,400 off-boardings; and Timisoara's Traian Vuia airport with 357,400 boardings and ...

New passenger terminal to be built at Henri Coanda Airport

Tuesday, September 4, 2018

The government approved on last Wednesday technical and economic indicators for a strategic infrastructure development programmme for the Henri Coanda International Airport, under which a new passenger terminal is being built."The programme provides for investment in developing the infrastructure of the Henri Coanda International Airport and consists mainly of the construction of a new passenger terminal capable of accommodating existing and projected passenger ...

Gov't approved background study on Ploiesti-Comarnic-Brasov motorway segment

Tuesday, September 4, 2018

The government approved a background study for the construction and operation of the Ploiesti - Comarnic - Brasov motorway segment and the operation of the Bucharest - Ploiesti motorway, Prime Minister Viorica Dancila said Wednesday."Today we approve a background study on the construction and operation of the Ploiesti - Comarnic - Brasov motorway segment, as well as the operation of the Bucharest - Ploiesti motorway. The study was drafted in accordance with the ...

Real estate: Developers announce projects of 380,000 sq.m for 2019

Tuesday, September 4, 2018

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Real estate developers announced projects for offices of 380,000 sq.m for 2019, and of 242,000 sq.m in 2020. Commissioning for such areas will grow by 55% this year against last year, according to an analysis made by an international consulting company. This fall, about 23,500 employees will move to new office buildings, until the end of the year. Class A offices of 224,000 sq.m will be commissioned this year, 84% of these areas opening in the second half of the year, ...

NEPI Rockastle reported EUR 149 mln profit in H1 2018 and will open Satu Mare Shopping City this winter

Tuesday, September 4, 2018

With around 39 percent of the portofolio in Romania, NEPI Rockastle real estate investor published its unaudited results for the first half of a year, http://business-review.eu reports. The company net rental income reached EUR 164.6 million, 30.3 percent growth compared with the same period last year. The portofolio of the company increased at EUR 5.3 billion, from EUR 4.9 billion at the end of 2017 and an ...

The developer of Cosmopolis residential project buys 10 more hectares of land

Tuesday, September 4, 2018

Opus Land Development, the developer of 80 hectares residential project Cosmopolis located close to Stefanestii de Jos, will purchase seven more land plots of about 10 hectares, for around EUR 2.5 million from Atlas Construct company, http://business-review.eu informs. The developer sold until now around 3,000 apartments in Cosmopolis, a project launched in 2007, in which invested around EUR 300 million to this ...

The luxury resort planned by the government near Costinesti will require a few hundred million euros

Tuesday, September 4, 2018

One of the strategic objectives included by the government on a recent to-do list is a luxury resort on the seaside, between Costinesti and 23 August village, http://business-review.eu reports. At present, the 800 hectares that the authorities want to use are in the wilderness, with a dirt road and around 150 meters away from the shoreline. The project includes ...

Number of employees in modern office buildings in Bucharest could reach 270,000 by the end of the year

Tuesday, September 4, 2018

The number of employees in Class A and B office buildings in Bucharest has reached about 253,000 at the end of the first semester of 2018, a slight increase compared to the end of 2017. In H1 2018, the number of employees working in companies with headquarters in modern office buildings in the capital increased by 3,000, according to estimates of Cushman & Wakefield ...

Atria Urban Resort, new residential real estate project worth over EUR 100 M announced in Bucharest

Tuesday, September 4, 2018

Straulesti Lac Alfa SA, a company owned by SIF Moldova and Cityring Property announces the development of a large-scale residential village with 1,400 apartments set in four phases up to 2023, following an investment of over 100 million EUR and a master-plan developed by a renowned London firm, romaniajournal.ro reads. The new project is being built in Bucharest’s Sector 1, near Straulesti Lake, adjacent to the Colosseum Retail Park, and spans ...

Agriculture: Minister Daea: Wheat yield 200,000 ton higher this year than in 2017

Tuesday, September 4, 2018

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The wheat yield is this year 200,000 tons higher than in 2017, exceeding 10 million tons although it has been a difficult year, when Romania was devastated by extreme natural phenomena, said Petre Daea, the minister of agriculture and rural development declared at a press conference. The head of MADR added that  barley harvests were also higher than last year. MADR data show that this year’s wheat harvest exceeded ...

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