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Clients interested in buying homes for investment reached 10 pct to 15 pct

Tuesday, October 16, 2018

According to Imobiliarium real estate fair representatives, the percentage of clients buying houses for investment purposes registered a slight moderation, reaching 10 percent to 15 percent. The profile of such a buyer is generally a man aged 40 to 50, with an average or above average income, who is interested in a larger range of housing. The reasons that have encouraged investment purchases in recent ...

Healthcare: Cantacuzino Institute to resume vaccine production by end-2019

Tuesday, October 16, 2018

National Defence Minister Mihai Fifor said last Tuesday that the Cantacuzino Institute will resume vaccine production by the end of 2019 at a newly built production facility and under a partnership with a pharmaceutical company.The minister also mentioned the way in which vaccine production project is planned to be carried out. "We will not be able to continue to produce vaccine in a basement in the centre of Bucharest City; we have to get that out of our minds. ...

In statistics, only 1.5 pct of the Romanian is affected by depression

Tuesday, October 16, 2018


Romanians are, in statistics, among the most happy Europeans, despite the constant economic weights and eternal conflicts in the state. Only 1.5 percent of the population is affected by depression, according to Eurostat. What fail to say Eurostat is the fact that the majority of the population of Romania isn’t checked about the disease that affects in average 7 percent of the European Union ...

Sanador opens biggest private oncology center in Romania after EUR 20 mln investment

Tuesday, October 16, 2018

Private health group Sanador, owned by Romanian entrepreneurs Doris and Florin Andronescu, opened on Thursday the biggest private oncology center in Romania located in its hospital in downtown Bucharest, near Victoriei Square, http://business-review.eu informs. The 5,000 sqm Sanador Oncology Center provides patients with a comprehensive range of modern and integrated diagnostic, cancer treatment and ...

Recommendation on vaccines should not remain a ‘piece of paper’, Commission says

Tuesday, October 16, 2018

The European Commission’s proposed recommendation on strengthened cooperation of all stakeholders against vaccine-preventable diseases should not remain a “piece of paper” as ...

Infrastructure: Tarom might reconnect Romania with USA and Asia in 2019

Tuesday, October 16, 2018

Tarom might reconnect with USA in May and Asia in October next year, after more than ten years of interruption, said Tarom general manager Werner Wolff. ”From the political point of view, it is desirable to reconnect with the US and Asia after more than ten years. In the coming days I will have an exit to see the long-haul aircraft, and if we now close the offer that I see most realistically, to replace 13 aircraft and two more long-haul planes ...

In Summer 2019, Air Canada Rouge will return with more flights to Bucharest

Tuesday, October 16, 2018


Starting June 7, 2019 Air Canada Rouge will offer again a nonstop service between Bucharest and Montreal as well as between Bucharest and Toronto. Air Canada's leisure airline will fly four times a week until the beginning of October. Between June 24 and September 7, in peak season the nonstop services will be offered up to six times a week. The Toronto and Montreal hubs offer passengers smooth connections to many destinations in Canada and the ...

Minister Sova promises more rail transport services from 2019 on

Tuesday, October 16, 2018

In Constanta on Friday, Transport Minister Lucian Sova said that that from July 1, 2019 there will be a wider offering of rail transport form other operators in addition to the traditional domestic ones."I would like to mention that Regulation 1370 does not concern regular passenger road transport, it also concerns the transport of passengers by rail. We have already had discussions with the trade unions and the managements; we are preparing the legislation and we ...

Henri Coanda Airport achieved International Airport Council Level 3 Optimisation of Airport Carbon Accreditation

Tuesday, October 16, 2018

The Henri Coanda Bucharest International Airport (AIHCB) has achieved International Airport Council (ACI) Level 3 Optimisation of Airport Carbon Accreditation, the Bucharest National Airport Corporation (CNAB) reported on Wednesday in a press statement. The AIHCB has achieved Level 3 Optimisation of Airport Carbon Accreditation in recognition of the exemplary airport activity in managing and reducing CO2 emissions and getting other stakeholders engaged in ...

Trade: Local market for refurbished electronics will increase this year by more than 25pct

Tuesday, October 16, 2018

The local market for refurbished electronics will increase this year by more than 25pct, mainly due to the lower purchasing price, in some cases by up to half compared to that of new equipment, but also due to their performance, with configurations close to the latest generation, according to a study released on Wednesday."More and more customers are aware of the benefits of refurbished products, all the more so since in recent years technological innovation has ...

Agriculture : Romania tobacco exports lost 5.3 pct in the first half of the year

Tuesday, October 9, 2018

Romania exported raw and processed tobacco worth EUR 338.6 million in the first six months of 2018, 5.3 percent below the same period in 2017, according to data centralized by the National Institute of Statistics. Raw and manufactured tobacco imports totaled EUR 193.3 million, 13.4 percent higher than in January-June 2017, a surplus of EUR 145.3 million this segment. The best estimations ...

Real Estate: Arcadia Apartments Domenii launches its fourth building with prices starting at EUR 84,000+VAT

Tuesday, October 9, 2018

The fourth building comprises studios, two-, three- and four-room apartments, as well as duplexes and penthouses with various surfaces and compartments, http://business-review.eu informs. Designed to provide a high level of space functionality, the ...

Office boutique buildings totalling 31,949 sqm to open in the last months of the year

Tuesday, October 9, 2018

By the end of 2018, eight boutique office buildings with premium locations and finishes will enter the office market in Bucharest, with a total area of 31,949 sqm, according to an analysis by Esop Consulting. Most projects are scheduled to open in the last quarter of this year. In 2017, five such buildings were completed and three more remain for next year. Tenants who have recently moved to boutique offices include Douglas, ...

Housing prices increased by 3.1 pct in Q2 compared to Q1

Tuesday, October 9, 2018


Romania’s housing price increased by 3.1 percent between April and June, compared to the previous quarter, with the local market having the largest EU price increases in Latvia, according to Eurostat quoted by http://business-review.eu. Both in the European Union and in the euro area, house prices rose at a quarterly rate of 1.4 percent, with the advance in Romania being over two times faster. On a quarterly basis, the ...

Cars: Dacia presents new 1.3 TCe engine for Duster model at Paris Motor Show

Tuesday, October 9, 2018

Dacia on last Tuesday presented at the Paris Motor Show the new 1.3 TCe available for the Duster model."This propeller has an aluminum engine block, which benefits from the new technology for the surface treatment of the inside of the cylinders, called "Bore Spray Coating." This allows a more efficient temperature control, with the result being an increase in performance and an enhanced comfort for the users. In order to reduce the particle emissions, the new ...

Infrastructure : Gov't makes first steps to build key-motorway for Ford plant in Craiova

Tuesday, October 9, 2018

Romania’s road state-owned company selected construction companies to build two sections of Pitesti-Craiova motorway, a key project designed to speed up the development of laggard Oltenia region. Called by many “the Ford motorway”, the new motorway will ensure to the main investor in Oltenia, US carmaker Ford, an easier route of transport for its cars produced at the Craiova plant to the rest of the country or to export ...

Tourism : Antalya, Greece, Spain, Portugal and Romania, the most attractive destinations în 2018

Tuesday, October 9, 2018


Antalya, Greece, Spain, Portugal and Romania, were the most sought-after destinations in Paralela 45 tour operator in the 2018 season, whose sales increased by 25 percent in the first nine months of the year and are expected to reach an annual turnover of EUR 60 million. 2018 was the year with the most charter flights to Antalya, a 10-week passage, starting from Bucharest, Cluj-Napoca, Timisoara, Iasi and Targu Mures, but also ...

The tourists’ overnight stays  up 4.9 pct to 8.707 million in 10 months of 2018

Tuesday, October 9, 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 9.2 %, while the overnight stays increased by 9.1% in August 2018. Compared to August 2017, in August 2018 customs registered an increase in the arrivals of foreign visitors of 10.4 % and an increase of 13.7% in the departures abroad ...

Trade: The retail turnover - up 5.7pct, Jan.-Aug. 2018

Tuesday, October 9, 2018

Compared to the previous month, in August 2018 the retail turnover volume (excluding the trade with motor vehicles and motorcycles) increased as gross series by 3.3% and decreased as adjusted series according to the number of working days and to seasonality by 0.1%. Compared to the corresponding month of the previous year, the retail turnover volume (excluding the trade with motor vehicles and motorcycles) ...

În Romania, parents spend an average of RON 100 per month on children’s toys

Tuesday, October 9, 2018


Over 70.5 percent of parents in Romania choose to buy toys for their children from both physical and online stores.  The variety of shops and the many available options are attractive to Romanian parents, but the monthly budget they allocate for children’s toys rarely exceeds RON 100. Only 34.2 percent of parents buy toys for their children worth 100-300 RON a month and only 22.8 percent of them choose not to ...

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