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Real Estate: ParkLake chooses the Nooka Space smart office solution offering its customers the option to work remotely from the mall’s garden

Tuesday, August 31, 2021

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Following a partnership exclusively for Bucharest, Nooka Space installs the first smart proximity office in the ParkLake garden, thus redefining the concept of "working remotely" for the mall's customers, but also for those who live nearby. Launched on the local market in April this year, is the Irish start-up that initiated in 2020 the first concept of smart proximity offices in the world, ...

Infrastructure: At end-2022, with Bridge over the Danube, connecting roads will be ready as well

Tuesday, August 31, 2021

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  The Minister of Transport and Infrastructure, Catalin Drula, declared on Thursday, in Braila, that the roads that will connect with the Suspension Bridge over the Danube will be ready at the end of next year, once the bridge works are completed, with the traffic to be open from the day of the bridge's inauguration, including for heavy traffic."We have, on the one hand, the bridge itself, whose construction is advancing according to ...

Tourism : Moxy and The Marmorosch, two hotels that become a reference point in the Romanian tourist landscape

Tuesday, August 31, 2021

CUMULUS has completed the conversion into a hotel of two buildings on Doamnei Street, Moxy Bucharest Old Town – opened in the summer of 2020 – with a design that combines exuberance and comfort and The Marmorosch Bucharest – opened in August 2021 – a hotel under the Autograph Collection brand, which is imposed by the historical heritage and the lush atmosphere. The two involve a total of 436 ...

Agriculture: Holde Agri Invest completes acquisition of 2,400-hectare Videle farm

Tuesday, August 31, 2021

Holde Agri Invest, a Romanian company that operates agricultural land, said on August 24 that it completed the acquisition of Videle farm in Teleorman county for RON 14.3 million. Following this transaction, Videle farm becomes the third ‘nucleus’ of Holde Agri Invest, alongside Rosiori and Frumusani farms.   Videle Farm has 2,400 hectares of leased land and was previously managed by Agrocom ...

Estimates: Corn yield about 13.7 million tons and 3.2 million tons for sunflower in 2021

Tuesday, August 31, 2021

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The overall corn yield will be this year about 13.7 million tons, and that of sunflower 3.2 million tons, according to estimates, said Adrian Oros, the minister of agriculture and rural development.   Last year, the total sunflower yield was only 2.2 million tons, because of drought, while the average was 1,883 kg/ha.   The minister of ...

MADR: 100 million euros to install young farmers and 87 million euros to develop small farms

Tuesday, August 31, 2021

Young farmers who start a business in the farming domain can apply for financing, as of August 27, to obtain grants of up to 70,000 euros, the overall budget for this support being 100 million euros, of which 30 million euros for the mountain area, said Adrian Oros, the minister of agriculture.   He also pointed out that the financial support allocated to this measure was increased to 60,000 euros and ...

Romsilva: Over 2,000 hectares of state forests in Arges, Prahova, included in Virgin, Quasivirgin Forests National Catalogue

Tuesday, August 31, 2021

Over 2,000 hectares of state forests administered by Romsilva, in the counties of Arges and Prahova, were included in the National Catalogue of Virgin and Quasi-virgin Forests, the Romsilva National Administration of Forests (RNP-Romsilva) announced on Wednesday."Another 2,227.16 hectares of state forests administered by the National Administration of Forests - Romsilva were included in the National Catalogue of Virgin and Quasi-virgin Forests, following the ...

Trade: XTB: Gold, oil, natural gas, soy, coffee and sugar – goods most transacted by Romanians in 2021

Tuesday, August 31, 2021

Investors' choices in Romania focused on raw materials that benefited from favorable dynamics this year This shows that their preferences are based on identifying on the spot opportunities with potential to offer positive results on a short and medium term. Moreover, we can see that Romanian investors have in view global ...

Various Brands reopens the store in City Park Mall Constanta with a new design

Tuesday, August 31, 2021

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Various Brands, the well-known retailer of sporting goods with 100% Romanian capital, has completed the relocation and modernization process of the store in City Park Mall Constanta, as part of the development plan launched earlier this year.   The new 90-square-meter space that houses the Various Brands store, located on the -1 floor of the mall, has a modern and minimalist design, suitable for ...

PC sales going strong as companies prepare hybrid workplaces

Tuesday, August 31, 2021

PC and printer manufacturers enjoyed record sales during the pandemic as companies closed their offices and people set up workspaces in their living rooms. Though annual growth for PCs remains quite high, as the pandemic receded it has begun to slow down – the 13% growth rate in 2Q21 is far lower than the 55.9% growth in 1Q21 and 25.8% growth in Q4 of 2020.   “With businesses opening back up, demand ...

Survey: 52% of customers with physical stores have launched online stores during pandemic

Tuesday, August 31, 2021

More than half (52%) of the Romanian entrepreneurs who owned physical stores launched online stores during the pandemic, considering that it is a much safer business in the current context, shows an analysis of CIEL Romania, one of the most important software producers for entrepreneurs.   The trend of adding an online store to the physical one or creating an eshop is an upward one this year as well, many of the ...

Real Estate: Residential market resisted well to pandemic shock

Tuesday, August 24, 2021

Average rents on the new residential segment in Bucharest dropped by 6% in semester I of the year, compared to the same period of 2020, according to an analysis made by the real estate consulting company SVN Romania, according to which the residential market resisted very well to the shock produced by the pandemic, while the rental sector was strongly affected.   The present occupation degree of those ...

Office market starts to recover as employees return to the workplace

Tuesday, August 24, 2021

The office market showed signs of recovery this summer as transaction volumes increased in the first quarter of the year, including the share of pre-lease contracts. New office buildings were also completed in the Politehnica area of Bucharest. The recovery continued well into the second and third quarters since the gradual lifting of restrictions started in May carried on over the summer of 2021.   The volume of leasing ...

“CEE Investment Scene Q1 2021”: Investment market still recovering

Tuesday, August 24, 2021

The first quarter of 2021 ended with investment transactions totalling EUR 85 million in Romania, a 42 percent decrease compared to the first three months of 2020, when the country had not yet been significantly impacted by the pandemic, according to Colliers’s latest “CEE Investment Scene Q1 2021” report. Despite the slow start, investor sentiment suggests that there will be a strong pick-up in activity in the second half of the year, subject to ...

Romania is still well positioned from a price perspective of the real estate projects

Tuesday, August 24, 2021

Romania is still well positioned from a price perspective of the real estate projects – offices, industrial spaces, logistics, hotels – thus, in an optimistic scenario, investment volume in 2021 will be close to the total registered in 2020, of about 900 million euros.   JLL forecasts show that on the local market there are in different negotiations stages investment transactions of over 400 million euros, ...

Investors are still having appetite for commercial properties in Romania

Tuesday, August 24, 2021

The property investment volume for Romania in H1 2021 is estimated at circa €309 million, a value almost 22% lower than the one registered in the same period in 2020. The Covid-19 pandemic impact on the real estate market was lower than expected, as investment volumes remained at a healthy level, both in 2020 and the first half of 2021.   Transactions started ...

Agriculture: Biggest wheat crop this year since Romania's accession to EU

Tuesday, August 24, 2021

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Romania obtains this year a wheat yield of over 11.33 million tons, the largest crop since its accession to EU, representatives of the Ministry of Agriculture and Rural Development (MADR) announced on last Wednesday.   Last year, Romania obtained only 6.4 million tons of wheat, the yield being 40% smaller because of drought. The best year since 2007 tp the present are 2017, with 10.03 million tons of ...

Romania's record high sunflower crop to be exported unprocessed due to lack of oil plants

Tuesday, August 24, 2021

Romania registers this year the highest sunflower output since it joined the EU, by approximately 1.22 million tons higher compared to 2020, but due to the lack of processing units it has to sell the unprocessed crop to EU countries and not only, say the representatives of the Romanian Farmers Club."Romania uses for domestic consumption about 1.2 - 1.3 million tons out of a total forecast sunflower crop of 3.3 million tons this year. This amount represents roughly ...

Telecom. IT: Average data transfer speed for broadband increases by 25 pct in 2020

Tuesday, August 24, 2021

The average data transfer speed over broadband has increased by approximately 25 pct in 2020 compared to the previous year, according to a release sent on Tuesday by the National Authority for Management and Regulation in Communications (ANCOM).Thus, tests done by users on Netograf.ro - an electronic platform offered by ANCOM to internet users to verify the quality of the services they receive - show that in 2020 the average download speed at the national level ...

Tourism : Accor Group will open in 2024 two hotels, under the brands Tribe and Adagio

Tuesday, August 24, 2021

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French hotel group Accor, which operates 15 hotels in Romania, plans to open two units in Bucharest under the Tribe and Adagio brands.   The two hotels will be arranged in the same building, in Bucharest's Basarab area. The total investment in this complex amounts to EUR 50 million, and the two hotels will open in 2024.   "The revolutionary concept of the Tribe lifestyle ...

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