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Overnight stays demand in Bucharest’s hotels posts the highest rise in the region from 2013 to 2017

Tuesday, November 13, 2018

CEE hotel markets continued to lead the Europe’s growth story in 2017, romaniajournal.ro informs. The majority of the hotel markets in this dynamic region achieved continued performance gains in 2017, as they had over the past three years, reads the CEE Hospitality Snapshot 2018 report, conducted by Cushman & Wakefield. According to the report, central cities including Warsaw, Prague and Budapest recorded double digit Revenue per Available ...

Infrastructure : Calin Popescu Tariceanu: Danube-Bucharest Canal project is huge mistake

Tuesday, November 13, 2018


Senate Speaker Calin Popescu Tariceanu (leader of the Alliance of Liberals and Democrats – minor in the ruling coallition) recently declared that Danube-Bucharest Canal was a “huge mistake”, since it does not answer real needs from the economic point of view. Such an investment could be justified only for the traffic of goods. “The best approach for this project shows us the canal is not necessary because from the economic point ...

Complex aircraft maintenance hangar to be built at 546 Otopeni barracks

Tuesday, November 13, 2018

The Ministry of National Defence (MApN) and the association of companies Strabag SRL (leader) - Leviatan Design SRL signed on Wednesday a contract for the purchase of services and works for the construction of a new complex aircraft maintenance hangar at Cazarma 546 Otopeni.MApN said in a press statement on Thursday that the value of the project is 40.2 million lei and the deadline for completion is 30 months of the issuance of the work execution order. The ...

Analysis: Romania is 17th in the European top of countries with most delays or cancelations of flights

Tuesday, November 13, 2018

Romania is 17th in the ranking of European countries where there were most delays or cancellations of flights in the first nine months of the year,the top being led by Germany,shows a new analysis published by AirHelp.According to the quoted data, in Germany, almost 29% of the flights of the airlines confronted with such situations on the airports in this country. The ranking is completed by the UK and Spain.At the level of the European Union,the ...

Commissioner Corina Cretu reiterates that A8 motorway can be made with EU funds

Tuesday, November 13, 2018

European Commissioner for Regional Poliy Corina Cretu has reiterated the EC’s availability to finance the feasibility study and construction of the Targu Mures-Iasi-Ungheni (A8) motorway or the so called „The Union Motorway”, after the the Chamber of Deputies plenary has approved on Wednesday ...

Agriculture : Romania scores slightly better in global report on food security

Tuesday, November 6, 2018

Romania ranks 38th in the 2018 edition of the Global Food Security Index, with a score of 68.9 points, up one point compared to 2017. Corteva Agriscience, DowDuPont’s Agriculture Division, and the Economist Intelligence Unit (EIU) published the results of the Global Food Security Index 2018 – GFSI. The index considers the core issues of affordability, availability, and quality across a set of 113 countries, providing a common framework for ...

Despite the record wheat harvest, bread will be more expensive and of poorer quality

Tuesday, November 6, 2018

Romanian Employers in Milling, Bread and Flavor Industry (Rompan) President, Aurel Popescu, says the price of bread will increase this month, due to higher expenses for the producers of milling and bakery. “The price of raw material is going up, the same for the expenses with the labour force. The gas and energy suppliers have informed us the tariffs will grow by 25%,” Popescu said, according to ziare.com. He argues ...

KeysFin: Romania records this year's best agricultural result in history

Tuesday, November 6, 2018


Romania has the best agricultural year in history, with record production of wheat and maize, which lead the agricultural turnover to almost EUR 8 billion, a KeysFin analysis released on Tuesday reads. The figures from Agriculture Ministry read that the wheat production is by 200,00 tons higher than last year, of over 10 million tons, whereas the maize production will reach 14.5-15 million tons. For example France will have a maize crop estimated to ...

Healthcare: 3 years since the Colectiv fire: Romania would not be ready for a similar tragedy

Tuesday, November 6, 2018

Three years are commemorated since the Colectiv tragedy on Tuesday, October 30. Following the deadly fire burst out in a nightclub in Bucharest on night of October 30, 2015, during a rock band concert, 64 people, mostly youngsters, died, 26 on the scene, as they could not save themselves from the flames, and the rest passed away later on, while admitted in the hospitals in Romania or abroad. Among the victims there were students, pupils, journalists, photographers, artists, ...

Trade: E-commerce forecasts by 2022 in the CEE-6 markets: The growth potential could be 20-30% in Romania, Bulgaria

Tuesday, November 6, 2018

A conservative growth scenario sees e-commerce in CEE-6 expanding 8.8% per year from a baseline of EUR 13.1bn, to EUR 20bn, romaniajournal.ro reads. According to Colliers International’s latest logistics and retail research report, Survival of the fittest, ...

More than half Romanian Internet users buys online at least once a month

Tuesday, November 6, 2018


 More than half of the Romanian Internet users (55 per cent) buy online at least once a month, worth notice being the fact that, among them, 61 per cent are people with university degrees, while those with a medium and sub-medium education accounted for 50 per cent, showed a quantitative study "Digital Evolution: Connected Consumer Monitor". The Bucharesters are the most active on the Internet when it come to online shopping, 62 ...

Tourism : Gov't cuts VAT for accommodation, restaurants, catering, gyms and amusement parks to 5 percent starting November 1

Tuesday, November 6, 2018

The government has lowered the VAT rate for accommodation, restaurants, catering, gyms and access to amusement parks to 5 percent starting November 1. Experts point out that there are still many questions about the application of the new rules.  The decision was announced at the beginning of October. Until end-October, the VAT rate for accommodation, restaurants and catering was 9 percent, while for gyms and amusement ...

The tourists’ overnight stays in the establishments of  tourists’ reception in September 2018

Tuesday, November 6, 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 9.8 %, while the overnight stays increased by 10.8% in September 2018. - Compared  to  ...

Real Estate: BCR Housing Bank: Romania has oldest housing stock in EU

Tuesday, November 6, 2018

Romania probably has the oldest housing stock in EU. A household out of five needs consolidation against earthquakes and between 12% and 16% of urban household need major repairs for installations, according to an IRSOP opinion poll presented on Monday by Lucian Anghel, the president of BCR Housing Bank. The Romanians’ houses are constantly affected by passing years and maintenance costs. We probably have the oldest housing stock in EU. According ...

Northern Bucharest, the future logistics hub

Tuesday, November 6, 2018

The areas in northern Bucharest, such as Stefanestii de Jos and Chitila, have the potential to form a new logistics hub, according to the real estate consultancy company Colliers Interna?ional, quoted by romaniajournal.ro. Over 180,000 sqm of logistics space are to be delivered next year, as the West of the capital has become loaded in terms of the development of industrial and logistic spaces. In the past year, the real estate consultant advised the ...

Prices for residential properties up 0.7 pct in Q3 2018

Tuesday, November 6, 2018

Against the backdrop of a reduction in the number of domestic real estate transactions, the growth rate of housing prices has continued to slow down in the third quarter of 2018. According to the latest market report by imobiliare.ro, residential properties available for sale in Romania appreciated by only 0.7 percent compared to the previous three months. The annual growth rate of prices (T3 2018 versus T3 2017) is currently at 5.6 percent – in ...

Telecom. IT: Average data transfer speeds grew both for fixed and mobile internet in semester 1, 2018

Tuesday, November 6, 2018

Average data transfer speeds experimented by Romanian internet users in the first semester 2018, have grown both for the fixed internet (+14%) and mobile internet sections (+16%), compared to semester 2, 2017, according data supplied by Netograf.ro, published by the National Authority of Administration in Communications (ANCOM). Following the tests made by the application developed by ANCOM, in the first 6 months of 2018, the average fixed internet ...

ANCOM: Over 5.1 million phone numbers ported in 10 years

Tuesday, November 6, 2018

ANCOM announced on Monday that 5.1 million phone numbers have been ported in the ten years since the portability service was launched. On October 21, 2008, when the service was launched, to mid October 2018, 5.12 million numbers have been ported, of which 4.39 millions are mobile phone numbers and 740,111 are fix numbers. After the first 10 years, RCS&RDS is the supplier with most mobile phone numbers obtained by porting ...

Infrastructure: Platform no.1 of Henri Coanda Airport to be extended by contract of 12.7 million lei

Tuesday, November 6, 2018

Platform no.1 of Henri Coanda International Airport will be extended by 15,000 sq.m, four new parking positions by a contract of 12.7 million lei, signed with the association between Napoca Construction Society and UTI Grup, the National Airport Company Bucharest (CNAB) informs. The execution will last 6 months. The new parking positions will have modern lighting installations to ensure safety of operations in reduced visibility ...

New train to be introduced on Cluj-Budapest-Vienna route

Tuesday, November 6, 2018


Romania's CFR Calatori national railway passenger corporation in cooperation with MAV Start (the National Railway Company of Hungary) and OBB (the Austrian Federal Railways) have decided to introduce a new train on the Cluj Napoca - Budapest - Vienna Hbf route and back, starting with the 2018-2019 railway timetable."The IR 144 and IR 143 trains on the Cluj Napoca - Budapest - Vienna Hbf and back, don't belong to a single operator, being made up of the CFR Calatori ...

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