Loading page...

Romanian Business News - ACTMedia :: Services|About us|Contact|RSS RSS

Subscribe|Login

Economic

Bucharest’s airports see 17% increase in passenger traffic

Tuesday, January 16, 2018

18011610145826196169_1449348621853648_6878142211721334836_n.jpg

Bucharest’s Henri Coanda and Aurel Vlaicu international airports recorded a 16.8% increase in the total number of passengers transiting them last year, to 12.84 million, the Bucharest Airports Company announced last Wednesday, romania-insider.com ...

Government plans to construct new highway sections worth EUR 10 bln

Tuesday, January 16, 2018

PM Mihai Tudose said last Wednesday that the Government plans to construct new highway sections, projects worth EUR 10 billion, business-review.eu reads. “We will take Romania higher than it has been for 27 years, with a highway from Ungheni to Iasi, in Oituz area up to Brasov, and from there to connect it with the rest of the areas, a highway that will make it easier to leave the country. Afterwards, a fast road or a highway that starts ...

Real Estate: Real estate, currently over-evaluated by 20-25%

Tuesday, January 16, 2018

Real estate is over-evaluated by 20-25% at the moment, and the "First Home" programme should be stopped gradually, says Iancu Guda, President of the Association of Financial-Banking Analysts of Romania (AAFBR)."Now I see real estate over-evaluated somewhere at 20-25%. If you make an average calculation of the rent that can be earned on the square meter for ten years, with a 90% occupancy rate and reinvesting the rent at a realistic annualized yield of 3% on a ...

Trading with land surpassed 350 million euro last year: 70% of the value belonged to the capital city

Tuesday, January 16, 2018

The total value of the trading with land for residence projects (except for the industrial sector) increased significantly in 2017 against 2016, surpassing the threshold of 350 million euro at national level, approximately 70% of this value belonging to the capital city, where land tradings for residential developments represented more than half of the investment volume, according to a specialty ...

The Romanians made almost 628,000  real estate tradings last year, out of which almost 20% in Bucharest and Ilfov

Tuesday, January 16, 2018

The number of real estate tradings registered last year in Romania was 627,802 out of which 19.8% only in Bucharest and Ilfov, show the data sent by the National Agency for Cadaster and Real Estate Publicity (ANCPI). Thus, in 2017, the most numerous sales of residences were registered in Bucharest – 82,477, Cluj – 43,774 and Ilfov – 41,687.The counties with the fewest residences sold during the same period are Teleorman – 4,470, ...

Tourism : Greece and Turkey are the main holiday destinations chosen in 2018 by Romanian families with children

Tuesday, January 16, 2018

Greece and Turkey are the main holiday destinations chosen in 2018 by Romanian families with children. Photographies from holidays in Africa, South America or Asia, posted on internet determine more and more Romanians to choose exotic destinations, says Cristian Pandel, president of the Christian Tour’s board, one of the most important tourism agencies in Romania. “Romanian tourists will travel more and more in exotic areas. It will be ...

Hilton opens first Garden Inn hotel in Romania

Tuesday, January 16, 2018

Hilton, one of the biggest hotel groups in the world, has officially opened its first Garden Inn hotel in Romania, romania-insider.com reports. The four-star hotel is located in Bucharest’s Old Town, next to Romania’s National Bank (BNR) headquarters. “As the number of tourists in Romania has been growing each year, we are delighted to open the first Hilton Garden Inn in the very heart of ...

Cars: Rd 519,000 second-hand, almost 106,000 new automobiles registered in Romania in 2017

Tuesday, January 16, 2018

Around 106,000 new automobiles were registered in 2017 in Romania, up by 10.71pct against the same period of 2016, while the second-hand automobiles registered the long of the year was almost 519,000 units, up by 74.55pct as compared to the same period, shows data released by the Driving Licenses and Vehicle Registration Department (DRPCIV). According to the source, Dacia ranks first among the brands with most all-year registrations, with 29,974 units ...

Agriculture : USDA: Large grain production, a problem for Romania because of transport infrastructure

Tuesday, January 16, 2018

Favorable weather, government subsidies, proper fertilizer management and disease prevention boosted Romanian winter and summer-crop production in 2017, USDA Foreign ...

Real Estate: Sale of apartments increased the prices over 10% in 2017, up to 1,160 euro/sqm

Tuesday, January 9, 2018

180109102134download__4_.jpeg

Prices for apartments for sale in Romania (both new and old) continued their upwards trend in 2017, due to the increased appetite for acquisitions, and the expectations of the owners increased by 10.48% in the last 12 months, from 1,050 euro/sqm in December 2016 up to 1,160 euro/sqm, in December 2017 according to a specialty analysis.After three quarters of increase (+4 in Q1, +2.56% in Q2 and +4.38 in Q3) the average sum requested for an apartment at national ...

Tourism: Ski infrastructure in Romania: only one ski run longer than 4 km

Tuesday, January 9, 2018

180109102338115886355.jpg

The ski domain in Romania is made of 189 homologated ski runs with a total length of 164 km, two of which authorised this year but not homologated yet, according to data sent by Ministry of Tourism officials to ZF. Only 55 ski slopes are over 1 km long, two are over 3 km long and only one is more than 4 km long. Most runs are very short and expect snow as they do not have snow guns. One of the two new ski slopes authorised by ...

The tourists’ overnight stays in the establishments of  tourists’ reception increased by 7.1% în November  2017  

Tuesday, January 9, 2018

Compared  to  the  corresponding  month  of  the  previous  year,  both  the  arrivals  and  the  overnight  stays  in  the  establishments  of  tourists’  reception  with  functions  of  tourists’  accommodation increased by 8.0 % and by 7.1 %, respectively, in November ...

Over 167,000 Romanian tourists spent almost 37 mil euros on New Year's Eve tourist packages

Tuesday, January 9, 2018

More than 167,000 Romanian tourists spent almost 37 million euros in resorts all over the country on New Year's Eve, which is by 11 per cent more than they spent last year, according to a study conducted by the Romanian Tourism Employers Federation (FPTR).Moreover, the total number of tourists recorded this year in resorts on New Year's Eve was higher by 5.5 per cent."Despite the expectations of hotel owners that the number of tourists would drop this ...

Cars: Electric, hybrid cars sold in Romania up by 125pct January through November 2017

Tuesday, January 9, 2018

 The sales of eco-vehicles (100pct hybrid and electric) have grown in January through November 2017 by 125.8pct as compared to the same period of 2016, up to 2,356 units, a release by the Automobiles Producers and Importers Association (APIA) reads.Out of the total recorded, 377 are 100pct electric cars (up by 160pct against 2016), and 1,979 units are hybrid (+120.4pct against 2016).January into November 2017, the weight of the eco-friendly ...

ACEA: the auto market of Romania dropped by 3.5 % in November: Europe reported an advance of 5.8%

Tuesday, January 9, 2018

Registration of new cars in Europe (EU plus EFTA) increased by 5.8% in November after an advance of 5.9% in October – the highest since 2009 – announced the Association of European Car Builders (ACEA). Last month were delivered in the region approximately1,18 million vehicles, against 1.25 million units in a similar period of 2016. EFTA (the European Association of Free Exchange) is made up of four states: Iceland, Liechtenstein, Norway and ...

APIA: Romanian vehicle market up over 11 pct January through November 2017

Tuesday, January 9, 2018

Sales of new motor vehicles in Romania advanced in the first 11 months of the year by 11.1 pct, y-o-y, up to 142,300 units, figure which accounts for the 14.1 pct leap recorded by automobiles, according to data with the Association of Romanian Automobiles Makers and Importers (APIA) released on Wednesday.As far as APIA representatives are concerned, the automobile market in Romania might exceed at the end of the year, for the first time in nine years, the ...

Infrastructure: Bucharest airports increase 2017 incomes by 8% and profit by 45%

Tuesday, January 9, 2018

The National Airport Company Bucharest (CNAB), which manages airports Henri Coanda and Aurel Vlaicu, achieved overall incomes of 1.08 billion lei in 2017, on the rise by 8.3% compared to 2016, on the background of increased passenger air traffic and more efficient airport activity, which gross profit grew by 45% to 389.7 million lei, the company informed. In the second quarter of the year, the company laid accent on making passenger flows more fluid, ...

Minister Stroe: EC accepts financing request for underground section to Otopeni

Tuesday, January 9, 2018

180109102938Map_of_the_Bucharest_Metro.png

Fekix Stroe, the minister of transports announced that the financing request for M6 underground section 1 Mai- Henri Coanda International Airport Otopeni was accepted by the European Commission, for a total value of 1.391 billion euros. “On December 24, the Transport Ministry made a written application for underground section M6. The financing request was accepted by EC for an underground section of 14.2 km and 12 stations, with a total value of ...

Three main corridors overlapping Trans-European Transport Network to road link with Moldova province

Tuesday, January 9, 2018

The road link with Moldova province is an absolute priority, comprising three main corridors overlapped with the Trans-European Transport Network, and the contractual value of these projects amounts to 7.32 billion euros, VAT excluded, reads a release from the Ministry of Transport."The Ministry of Transport, as an Intermediate Body for Transport, has the responsibility to prepare and manage the project portfolio for European funding in the period 2014 to 2020 and ...

EU funds of RON 1.23 bn for road rehabilitation and water infrastructure

Tuesday, January 9, 2018

18 investment contracts amounting to RON 1.23 billion (over EUR 280 million), from European funds, were signed Monday at Victoria Palace in the presence of Prime Minister Mihai Tudose and European Commissioner for Regional Policy, Corina Cretu, a press release informs, romaniajournal.ro reads. The authorities in the Northwest region will benefit most from these funds. The European Commissioner said that “a lot of efforts ...

Premium News

Daily

Friday, May 25, 2018

Financial & Banking

Monday, May 21, 2018

Economic

Tuesday, May 22, 2018

Companies

Wednesday, May 23, 2018

Energy & Environment

Thursday, May 24, 2018