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Metro line project: North railway station - Progresul station, at estimated cost of 8.5 billion lei

Tuesday, November 10, 2020

Feasibility study for the construction of the M4 metro line Straulesti Lake - Progresul Station, section Bucharest North railway station - Progresul Station, will be discussed, on Thursday, in a meeting of the Interministerial Council for endorsement of public works of national interest and housing and the Ministry of Public Works, Development and Administration (MLPDA).According to a press release from MLPDA, the objective will have a route of 11.94 km, with 13 ...

Healthcare: Cantacuzino Institute working to roll out Polidin-type polybacterial immunomodulator, flu vaccine

Tuesday, November 10, 2020

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A Polidin-type polybacterial immunomodulator and a flu vaccine are being developed at the 'Cantacuzino' National Institute for Medical-Military Research and Development, the institution's director, medical Colonel Florin Oancea told a press conference on Tuesday.Oancea said that the flu vaccine is being tested on 200,000 embryonated eggs and that plans are afoot to turn this line of development into an experimental area of strategic ...

Cars: Number of new vehicle registrations drops in Romania by 28 pct in first ten months

Tuesday, November 10, 2020

The registrations of new vehicles dropped in Romania by nearly 28 pct in the first ten months of the current year, compared to the similar interval of 2019, shows the data of the Directorate for Driving Licenses and Vehicle Registration (DRPCIV), analyzed by the Automotive Producers' and Importers' Association (APIA).According to an APIA release, in October of the current year there were, at the national level 14,077 registrations of new vehicles (cars and ...

New passenger vehicle registrations drop 20.3 pct in Q3 from year-ago levels

Tuesday, November 10, 2020

New registrations of passenger vehicles were 20.3 percent down in Q3 compared to the third quarter of 2019, shows data released on Wednesday by the National Institute of Statistics (INS).The YoY advance for new registrations of mopeds and motorcycles was 14.9 percent, while car registrations plunged 21.2 percent and bus and minibus registrations fell 3.9 percent.In terms of new registrations of new passenger vehicles, there was a 60 percent ...

Tourism : Arrivals in tourist reception facilities, down 39.5%, in September

Tuesday, November 10, 2020

- Compared to the corresponding month of the previous year, the arrivals in the establishments of tourists’ reception with functions of tourists’ accommodation decreased by 39.5%, while the overnight stays decreased by 36.9% in September 2020. - Compared to September 2019, in September 2020 customs registered a decrease in the arrivals of foreign visitors of 66.2 % and a decrease of 60.1% in the departures abroad of the ...

Tourism : Route of Wooden Churches in Romania, launched by Economy Ministry

Tuesday, November 3, 2020

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The Route of Wooden Churches in Romania, one of the 49 Cultural Tourist Routes in Romania that benefit from the recognition of the Ministry of Economy, Energy and Business Environment (MEEMA), was officially launched on Tuesday, within the event tilted "The protection and cultural-tourist valorisation of the Wooden Church historical monument from Valea Crisului (Cris Valley), Bihor", informs the relevant ministry.The Route of Wooden Churches in Romania ...

Infrasructure : EU Funds for the first section of Moldova motorway

Tuesday, November 3, 2020

The European Commission has Okayed the major infrastructure road project “Bypass of Bacau”, with a total value of RON 968.781 million, Transport minister Lucian Bode has announced.   The Transport minister has applied for these funds allotted through the Big Infrastructure Operational Programme 2014-2020 on November 22, 2019. According to the Transport ...

Bucharest Airports Company completed 4% of planned investments in 2018 and 11% in 2019

Tuesday, November 3, 2020

Bucharest Airports National Company completed only 4% of investments planned for 2018 and 11% of those planned for 2019, according to a report of the Prime Minister's Control Corps (PMCC). The report, posted on the government website, focused on the period between January 1, 2018 to the present day and was intended to check the observance of the law about the conclusion and completion of purchase contracts and other aspects considered ...

25% of 2.6 billion euros absorbed by transport infrastructure authorized in last 11 months

Tuesday, November 3, 2020

A quarter of the 2.6 billion euros absorbed until now within the Large Infrastructure Operational Program (650 million euros) has been authorized for payment in the last 11 months, said Lucian Bode, the minister of transports after meeting Marcel Bolos, the minister for European funds.   According to the minister, 3.7 billion lei were paid for major road and railway projects after 9 months,in 2020, ...

Trade: 5% of Romanians have started online Christmas shopping spree

Tuesday, November 3, 2020

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Romanians will increase their shopping budget this year by 3%, while 5% of them have already started buying Christmas gifts in October, a study made by an online magazine shows.   “Women stole the start and have already begun shopping for presents. 32% of the women interviewed say they have started holiday shopping, while only 9% of men did the same thing. While most men and women say they are still ...

Real Estate: Impact Developer & Contractor starts the construction works on the first 209 Boreal Plus apartments in Constanta

Tuesday, November 3, 2020

Impact Developer & Contractor, the only real estate developer in Romania listed on the Bucharest Stock Exchange, started the works on the first 3 blocks of Boreal Plus residential compound in the north of Constanta. The enterprise contract worth 9.5 million Euros was concluded with the construction company Premium Invest Concept.   The initiative of the company, to sell part (16,806 sq m) of the land ...

CBRE: small and medium sized retail parks to drive Romanian market’s expansion

Tuesday, November 3, 2020

The 172,000 square meters added this year to the stock of modern retail space in Romania consisted of large-sized projects initiated last year. Still, investors have turned cautious in the meantime, and an appetite for small and medium sized projects is already visible, according to the quarterly report of the real estate consultancy firm CBRE.   The retail space stock in Romania reached 3.94 million ...

SVN Romania Report: 8% more housing units to be delivered in Bucharest this year

Tuesday, November 3, 2020

The residential market in the Bucharest metropolitan area is expected to rise by 8% to a new record of 16,000 new housing units this year, according to a report of the real estate consultancy firm SVN Romania.   Meanwhile, over 9,000 new apartments and villas are under different development stages, with delivery dates announced for 2021, according to SVN Romania. The ...

Cars: 8.56% sales increases for ecological cars in Romania in last 9 months

Tuesday, November 3, 2020

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Sales of ecological cars grew by 8,56% in Romania, in the last 9 months, compared to the same period of 2019 and reached 5,389 units, according to data of the Association of Car Manufacturers and Importers (APIA).   In this growth margin, the share of new electric and hybrid car share in the market of local cars was 6.4% on  September 30, 2020, over the same period of 2019, when it was ...

Puma produced by Ford in Romania gains traction on foreign markets

Tuesday, November 3, 2020

Puma, the SUV model produced by Ford in Romania, ranked as the brand’s third best-selling model in Europe in the third quarter of this year, some 8.6% behind the more popular models Fiesta and Focus.   In Q3, Ford sold almost 42,400 Puma SUVs, with only Fiesta (46,500 units) and Focus (46,300 units) selling ...

Agriculture: Corn and sunflower crops will drop to half this year due to drought

Tuesday, November 3, 2020

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Corn and sunflower crops will drop to half this year, compared to previous years, because of extended drought , which will continue to produce devastating effects and on future productions in the plant and animal husbandry areas, the farmers' associations say.   “At present, we have 1.2-1.3 million ha affected for corn and sunflower. In Ialomita county, 280,000 ha out of 360,000 ha in Ialomita ...

Wine production, down for the second year in a row

Tuesday, November 3, 2020

The wine production declined by 7% in 2020 compared to 2019, to 3.6 million hectoliters, according to the first estimates from the International Organization of Vine and Wine (OIV). This is the second consecutive year when Romania produces less wine, after a record production of 5.1 million hectoliters in 2018.   This year’s grape and wine production in Romania was affected by the drought, similarly ...

Tourism: New localities and areas in Romania, certified as touristic resorts of national and local interest

Tuesday, October 27, 2020

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Commune Ocna Sugatag from the county Maramures was certified as a touristic resort of national interest, and other 12 localities were certified as touristic resorts of local interest, according to a press release of the ministry of economy, energy, and business environment. 'The govern of Romania, at the initiative of the ministry of economy, energy and business environment adopted on Thursday, 22nd October 2020 the draft government decision for ...

Romania's spa industry lost 40 mln euros in last month and half

Tuesday, October 27, 2020

The Romanian spa industry has lost 40 million euros in the last month and a half, and if the situation continues, 60% of the relevant companies will not survive until the end of the year, the Employers' Organization of Spa Tourism in Romania (OPTBR) points out in a release,"Since the latest call to the authorities on September 9, the spa industry has been waiting for a series of measures from them. Either the unrestricted opening of this sector of activity ...

Romania's tourist accommodation capacity 0.4 pct higher as of end-July

Tuesday, October 27, 2020

Romania's capacity of tourist accommodation was 0.4 percent higher as of July 31, 2020 compared to the similar period of the previous year in terms of bed places and 2.5 percent up in terms of tourist accommodation establishments overall, according to data centralized by the National Institute of Statistics (INS).Most hotels have a three-star rating (53.8 percent of the total), four-star hotels account for 23.7 percent and two-star hotels for 18.4 percent of ...

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