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Cars: Car market records explosive growth of 113 per cent in August

Tuesday, September 25, 2018

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The number of new passenger car registrations in the European Union (including Malta) increased by 31.2 per cent in August, up to 1.13 million, while Romania reported the highest growth, shows data published on Wednesday by the European Automobile Manufacturers' Association (ACEA).The Romanian car marked saw an increase of 112.9 per cent in August, with 25,546 cars registered, compared with 12,001 cars registered in the same period of 2017. Significant increases ...

APIA: Romanian car market up 22 pct; almost 12,000 new cars sold in 8 months

Tuesday, September 25, 2018

The Romanian car market recorded a 22 per cent growth in January through August this year, compared with the same period of 2017, with the total number of cars sold reaching 119,093 units, shows data published by the Automotive Importers and Manufacturers Association (APIA).The APIA representatives explained the largest car sales were the highest recorded in the past 10 years, in the first 8 months of the year, in the context in which, in 2009, the first year of ...

Over 2,630 eco cars sold in Romania in first eight months of 2018 (APIA)

Tuesday, September 25, 2018

Romania's sales of eco-friendly cars reached 2.6% in the first eight months of the year, increasing significantly over the same period of 2017, with the total number of units sold 2,635, by 73.3% more than in the reference period, informs the Automotive Manufacturers and Importers Association (APIA).According to statistics, out of the total number of units sold between January and August, 2,048 units were plug-in hybrid cars (a 53.6 percent jump over the first ...

Healthcare: HOSPICE Casa Sperantei opened the first socio-medical center in Romania for children with incurable diseases

Tuesday, September 25, 2018

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HOSPICE Casa Sperantei has inaugurated on Friday the first socio-medical center in Romania exclusively destined for children with incurable diseases and their families, romaniajournal.ro reports. Through the various types of therapies, from the classic to the revolutionary ones, through technology, the new center is unique not only in Romania, but also in the entire region. The center, located in Adunatii Copaceni, on the scenic domain Florescu family ...

Over 4 in 5 Romanian doctors considered leaving the country at least once

Tuesday, September 25, 2018

Some 78% of employees in Romania’s healthcare system questioned in an official survey, namely 83.7% of the doctors and 74.4% of the nurses, said they considered at least once leaving the country to work abroad. The study also found that the increase in the doctors’ and nurses’ base salaries has had a relatively low impact on the emigration trend, much lower that the estimated one, ...

Real Estate: Number of real estate transactions down 29 pct, to 40,576 in August

Tuesday, September 25, 2018

The number of real estate transactions registered in August in Romania was 40,576, 29 percent lower than in the same month last year, according to the data of National Agency for Cadastre and Real Estate Advertising (ANCPI). ~In August 2018, 40,576 properties were sold across the country. The number of homes, land and flats that were the subject of sale-purchase contracts nationwide in the eighth month of this year is 16,410 ...

Czech PPF Real Estate close to buying Crystal Tower for over EUR 40 million

Tuesday, September 25, 2018

Czech investment fund PPF Real Estate, founded by Petr Kellner, is close to acquiring Crystal Tower, the first Romanian office building equipped with a heliport, for more than EUR 40 million, market sources told BR. Two years ago, PPF Real Estate bought Metropolis Center, a 19,000-sqm building in Bucharest for around EUR 50 million, in its first Romanian real estate market investment. Crystal Tower is a class A office building ...

Infrastructure: Astra Trans Carpatic invests 20 million euro in new railway routes

Tuesday, September 18, 2018

Astra Trans Carpatic railway company invested 20 million euro in opening new railway routes, following the purchase of 15 trains from Danish Railways. The company controlled by Arad businessman Valer Blidar, put in operation the first train purchased, on the route Timisoara-Arad- Satu Mare- Baia Mare, offering luxury conditions to passengers. The fourth train will be launched on the route Timisoara-Arad-Oradea-Cluj in December, while the other trains will put in circulation ...

Commissioner Cretu asks Transport Ministry to prepare mature projects for European financing

Tuesday, September 18, 2018

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European Commissioner for Regional Policy Corina Cretu called on Romania's Transport Ministry to prepare "mature projects" for European financing."There are issues with regard to the administrative capacity, red-tape has not been curbed yet, procedures have not been reduced and the transport domain is one in which Romania has incurred losses. (...) We are analysing the Bucharest North Railway Station and the Henri Coanda International Airport Metro Line project, ...

Green light for new airport în Brasov

Tuesday, September 18, 2018

Brasov County Council will invest EUR 22 million in building the passengers gate of the future international airport Brasov-Ghimbav, which will have a total area of 11,000 sqm and three levels. According to the architect in charge of the project, the works will be concluded in about one year and a half. “We estimate to launch the public tender and sign the contract this autumn, while construction works are planned to start ...

European Commission announces it will finance Line 6 (1 Mai - Otopeni) of the Bucharest metro project

Tuesday, September 18, 2018

Line 6 (1 Mai - Otopeni) of the Bucharest metro project will be financed by the European Commission, with negotiating being underway over the maximum amount of non-reimbursable funds to be allocated under the operational programme infrastructure, according to the Romanian Transport Ministry."The European Commission has announced the Ministry of Transport that it will finance the metro line that will provide underground transportation to Henri Coanda International ...

Telecom. IT : Study: Local software and IT service market posted increased below expectations in 2017

Tuesday, September 18, 2018

According to the latest study by ANIS – The Employers’ Association of the Software and Services Industry, the local IT and software market has increased by only 2.1% last year, reaching EUR 975 million. The total turnover of the IT sector has increased by 11 percent in 2017, compared to 2016, reaching the threshold of EUR 4 billion. Analysts had estimated the threshold will be exceeded in 2017. For 2018, the forecast is that total revenues generated by the ...

Agriculture: Romania ranks first in Europe for honey production

Tuesday, September 18, 2018

Romania ranks first in Europe for honey production, with over 30,000 tons in 2017, which means 13% of honey production in Europe, said Dumitru Botanoiu, secretary of state in the Ministry of Agriculture and Rural Development (MADR). MADR data show that honey production obtained in 2017 (Eurostat source) exceeded 30,000 tons, on the rise compared to 2016, when 21,202 tons were obtained. As for bee families, there was an increase from 1,437,394 families ...

EU Commissioner Hogan: direct payments for Romanian farmers to increase after 2020

Tuesday, September 18, 2018

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Direct payments for Romanian farmers will increase through the proposal for the post-2020 agriculture budget, European Agriculture and Rural Development Commissioner Phil Hogan told a press conference on Thursday, adding that he hopes to do more under the Romanian Presidency of the Council of the EU, as of 1 January 2019 He stated that people want to know what will be the budget after 2020 and, taking into account that the UK will leave the EU, thus results ...

Romania to register “excellent” maize crop this year 

Tuesday, September 18, 2018

Romania is among the few countries in the European Union to post “excellent” maize crop this year, as production in many regions is affected by hot and dry weather over the summer, while poor quality offsets Romania’s large wheat output, according to French consultant Consultancy Strategie Grains, cited by Reuters. In a report published on Thursday, Consultancy Strategie Grains cut its outlook for grain maize production in the EU by ...

Healthcare: Study: 10% of monthly household expenses allocated to pharmaceutical products

Tuesday, September 18, 2018

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About 10% of monthly household expenses are for pharmaceutical products, this type of goods having a relatively constant price in the past year, while the sector profitability went up from 3.1% in 2015, to 3.9% in 2016, according to a study on trade of pharmaceutical products published by Coface on Friday. “About 70 lei was spent monthly for pharmaceutical products, exceeding only two of non-food products - tobacco and fuel,” the study ...

Commissioner Cretu: I hope construction of regional emergency hospitals to kick off by end-2019

Tuesday, September 18, 2018

European Commissioner for Regional Development Corina Cretu declared on Friday, in Cluj-Napoca, that she hopes for the construction works of the three regional emergency hospitals to kick off by the end of next year. "There were delays and I will never shy away from warning member states when there are delays, as regards the infrastructure for important investments, but, now, the European Investment Bank (BEI) has carried out the feasibility studies for the ...

Cars: APIA: 103,824 new cars registered in first 8 months of 2018

Tuesday, September 18, 2018

In the first eight months of 2018, 103,824 new cars were registered, on the rise by 51.9% compared to 2017. 28,546 new cars were registered in August, on the rise by 137%, compared to August 2017, the Association of Automobile Manufacturers and Importers (APIA) informs. “Overall new registrations in the first 8 months of 2018, reached 103,824 units, which represent 51.9%, compared to 2017. According to data communicated today (Friday), by DRPCIV, ...

Real estate: Study: Cheaper apartments in Bucharest, more expensive in Brasov, Cluj Napoca or Timisoara

Tuesday, September 18, 2018

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The latest Imobiliare.ro study, presented on Friday, shows that apartments are cheaper in Bucharest, but continue to grow in regional centres. In Bucharest, demands of apartment sellers dropped by 1.2% last months, from 1,318 to 1,302 euros/square meter. Drops were recorded on both market segments analysed; apartments in old apartment buildings depreciated less, by 0.6% (from 1,239 to 1,231 euro/sq.m) while newly built units recorded a decline of 2% ...

Analysis: Large, furnished apartments and villas most in demand for rentals in H1

Tuesday, September 18, 2018

Most rental demands for premium housing were registered for 3 room apartments, a third of total transactions in the centre-northern area in Bucharest in the first semester of 2018, most tenants being foreigners (over 80%). Luxury tenants are looking for large housing units, completely furnished, in premium areas, while students are looking for small, cheap, one or two-room apartments, according to an analysis made by ...

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