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Infrastructure: Analysis : Railways in Romania face unprecedented challenges

Tuesday, August 14, 2018

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The railway transport system in Romania is facing unprecedented challenges, in the context of applying the Fourth Railway Package by mid June 2019. If the package is not efficiently managed in the years to come, competition risks to be massively lost at European level, as it will be almost impossible to compete in the new conditions against present and new future players in the market, very powerful from the economic point of view, according to experts in the field of railway ...

New Wizz Air route from Craiova to Brussels

Tuesday, August 14, 2018

Wizz Air, one of Europe’s fastest growing airlines and the largest low cost carrier in CEE, has announced further expansion of its network footprint across Europe with 11 new routes, from 17 cities in 13 countries, romaniajournal.ro informs. Among the new routes, there is also the one Craiova, southern Romania, to Brussels, Belgium (Charelroi airport). The new flight will be operated every Tuesday and Saturday, starting September 15. Services can ...

Commissioner Corina Cretu announces the approval of EUR 59m for river transport in Romania

Tuesday, August 14, 2018

European Commissioner for Regional Policy, Corina Cretu, has announced on Tuesday the approval of EUR 59 million for the river transportation in Romania, for the modernisation of the sluice-gates on the canals Danube-Black Sea and Midia N?vodari-Poarta Alb?, romaniajournal.ro informs. “EUR 59 million out of the Cohesion Fund will be invested in the modernisation of the sluice-gates on the canals Danube-Black Sea and Midia Navodari-Poarta Alba. ...

Tourism: Tourism Ministry announces joint routes between Romania and Poland to attract Asian tourists

Tuesday, August 14, 2018

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Witold Banka, the Polish Minister of Sport and Tourism recently declared in Bucharest that a work group will be set up to identify joint tourist offers with Romania. “One of the most important aspects in bilateral collaboration is tourism. We talked with minister Trif about joint regulations specific of the two countries, about offers in the field of tourism and possibilities of bilateral cooperation. The next step will be setting up a work group ...

Telecom.IT : Romania has the fastest mobile internet in Europe, says Google

Tuesday, August 14, 2018

A study published by Google shows that web pages have the fastest loading times on mobile devices in Romania and Germany, both with an average speed of 8.1 seconds, http://business-review.eu informs. However, this loading time is much slower than the timeframe recommended by Google, of just 3 seconds. According to the research, page loading speed is a critical aspect for online smartphone access. Almost half (46 ...

Infrastructure : Wizz Air to launch new flights from Bucharest, Cluj and Iasi

Tuesday, August 7, 2018

Airline Wizz Air has announced that it will launch new flights to Liverpool from Bucharest, Cluj-Napoca and Iasi starting this October, http://business-review.eu reports. The flights between Bucharest and Liverpool will operate three times a week – Tuesday, Thursday and Saturday, while the Iasi and Cluj routes will operate on Mondays and Fridays. Tickets are already up for sale and ...

Construction works for RON 1.4 billion suspended bridge in Braila might start next spring

Tuesday, August 7, 2018

Astaldi and IHI Japan will begin construction work on the Danube Bridge in Braila next year, finalizing the project in 2022, http://business-review.eu informs. Around 17 kilometers of this project, of about RON 1.4 billion, from the 23 km of the project are on the border of Tulcea County. Several geotechnical and geological investigations in the field took place on 2 March, and more ...

Study : Romanian airports, crossed in transit by over 155.49 million passengers during 1999-2017 period

Tuesday, August 7, 2018

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Romanian airports were crossed in transit in the last 18 years by over 155.49 million passengers, with an annual average of over 1 million passengers and an average growth index of 114 percent per year, according to a study carried out by the Civil Aviation Security Investigation and Analysis (CIAS)."During the 1999-2017 period, Romanian airports were crossed in transit by a total of 155,490,203 passengers (78,145,247 boarded passengers and 77.344.956 disembarked ...

Construction of Sibiu-Pitesti highway to take at least four years

Tuesday, August 7, 2018

Transport Minister Lucian Sova said that Sibiu-Pitesti highway could be completed in about four years, http://business-review.eu informs. “It is an equation with many unknowns, but the construction could take at least three years, designing, bidding and execution should take another year, so we can talk about completing this goal from four years onwards, ” Sova stated at a TV ...

Blue Air, Lidl Tour to launch în November Bucharest-Marrakech service

Tuesday, August 7, 2018

Romanian low-cost carrier Blue Air and Lidl Tour said on Wednesday they will launch a seasonal direct route from Bucharest to Morocco's Marrakech, starting November 3, seenews.com informs. The route will be operated once a week on Saturdays until January 5, 2019, the two companies said in a joint press release. "Being one of the country's economic centers, there is tremendous potential in Marrakech, both in terms of travel and ...

Real Estate: Timisoara surpasses Cluj-Napoca to become the second office center after Bucharest

Tuesday, August 7, 2018

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Timisoara became the largest office market in the country by the middle of this year, surpassing for the first time the office space in operation in Cluj-Napoca, http://business-review.eu reads. The development comes as a result of the record volumes registered in Timisoara over the past two years, both in terms of new stock deliveries and in terms of the volume of ...

Demand for residential properties in Romania fell by 5 pct in the last year

Tuesday, August 7, 2018

In the last 12 months, the demand for residential property recorded for the first time in recent years, a decline about  5 percent cumulative decrease in the big regional centers of the country, according to imobiliare.ro quoted by http://business-review.eu. Of the six cities analyzed only three have a decrease in appetite for purchases, one of them notable of ...

Survey: Office space market sees 400 ml euro worth of investments as of mid-year, up 18 pct

Tuesday, August 7, 2018

Investments in the office market amounted to 404 million euro as of mid-year, almost 18 pct higher from H1 2017, and chances are that the 1-bln euro threshold is exceeded, representatives of Colliers International Romania said in release this Tuesday.The weightiest deals were sealed for Bucharest-based office and retail projects (the sale of Oregon Park to Lion's Head, the sale of the first phase of the Campus 6 project to CA Immo, the purchase of Militari ...

Trade : Eurostat: Romania, EU's ninth beer producer in 2017

Tuesday, August 7, 2018

In 2017, over 41 billion litres of beer containing alcohol were produced in the European Union (EU), 2.5 billion litres more than in 2016. The EU's beer production was equivalent to almost 81 litres per inhabitant. In addition, the EU produced nearly 900 million litres (2 percent) of beer which contained less than 0.5 percent alcohol or had no alcohol content at all, with Romania ranking ninth among the EU beer producers. Germany was the top producer ...

Statistics: Retail trade turnover, up 6.5 percent during first 6 months 

Tuesday, August 7, 2018

The turnover from retail trade (except for trade with motor vehicles and motorcycles) went up, during the first 6 months of this year, as raw series, by 6.5 percent, due to increasing sales of non-food products (+7.4 percent), to sales of food products, beverages and tobacco (+7 percent) and the retail trade of automotive fuel in specialised stores (+4.4 percent).According to a press release sent on Friday by the National Institute of Statistics, as series ...

Survey : Romania's modern retail market at an estimated 17 - 20 bln euro

Tuesday, August 7, 2018

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Romania's modern retail market stands at an estimated 17 - 20 billion euro, following the surge in consumption by more than 10 percent in 2017, experts consider. According to a market survey by Euler Hermes, the retailers' territorial expansion also contributed to business growth, as more than 350 new stores opened in 2017, mostly in rural areas. Profi is for the second year in a row spearheading expansion with almost 200 newly opened stores for all formats, ...

Healthcare: Medical and pharmaceutical products import/export in the first four months of 2018

Tuesday, August 7, 2018

Romania exported in the first four months of 2018 medical and pharmaceutical products worth 262.2 million euro, a value by 2.1pct higher than that in the same period of last year, according to the data centralized by the National Institute of Statistics (INS).On the other hand, the imports of medical and pharmaceutical products amounted to 920.6 million euro, 3.6pct higher compared to January-April 2017, thus a deficit of 658.4 million euro on this segment was ...

Tourism: Gov't adopts normative act on protection of travel packages according to European Directive

Tuesday, August 7, 2018

The Government adopted on Thursday a normative act on protecting travel packages, in full compliance with the European Directive in this field, Prime Minister Viorica Dancila made the announcement, while specifying that the "tourists must be protected.""An important normative act that we are going to adopt today concerns the protection of the travel packages in full compliance with the European Directive in this field. We started from the idea that the tourists ...

Statistics: Over 5.2 mln arrivals in Romania's tourist accommodation units in H1

Tuesday, August 7, 2018

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More than 5.2 million arrivals were registered in the Romanian tourist accommodation units in the first six months of this year, up 4.1pct compared to the same period of last year, 75.8pct being arrivals of Romanian tourists, according to the data released by the National Institute of Statistics on Friday.Among foreign tourists, most arrivals are from Germany (144,700), Israel (120,200) and Italy (112,500).Overnight stays in tourist accommodation units ...

ibis Styles Bucharest Erbas opened on July 23

Tuesday, August 7, 2018

The ibis Styles Bucharest Erbas, located on 27 Capitan Alexandru Serbanescu St., at the very heart of the Romanian capital’s business district, has opened its doors on July 23rd. The hotel has 80 design rooms, personalized with skilfully selected decor elements, which are as much about function as style. Part of the brand’s all inclusive concept, guests enjoy free Wi-Fi and all-you-can-eat breakfast in the hotel’s restaurant. In addition, the hotel features ...

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