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Murotti Valley, the newest mountain resort in Romania

Tuesday, August 11, 2020

Alessio Karkhi and Nicu Hagivreta, two known local business men, started the development of touristic project Murotti Valley, located in Varful Roman (1,850 meters) area, 17 km from Horezu (Valcea county). The first phase of the project will be delivered in Q1 2021 and at the end of next year and will comprise 74 villas, two restaurants, two ski slopes along all the necessary amenities, and a hotel The first phase of Murotti Valley will attract an ...

Romanian tour operators seek partnership with Gov't to save the travel industry

Tuesday, August 11, 2020

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 The Romanian travel agencies are calling for the government's intervention for identifying viable solutions in the short and medium term for the relaunch of the tourism industry and for making possible the holidays desired by Romanians, reads a letter sent to premier Ludovic Orban by several tour operators."Romanian tour operators need support in order to deal with these vicissitudes, both in the interest of the Romanian citizens we serve and in order to ...

Real estate: Real estate investments of 408 million euros in Romania in first semester

Tuesday, August 11, 2020

The first half of the year ended with real estate investments of 408 million euros in Romania, 18% more than in the same period of 2019. Of them transactions for offices represented 86%, according to the market report of Colliers International. Some major transactions which exceed 100 million euros were postponed or canceled, the report shows.   However, prospects are uncertain, as several major transactions were frozen or canceled. On the ...

CTPark Bucharest North will open its first operational spaces in Autumn 2020

Tuesday, August 11, 2020

CTP, the leading premium industrial parks developer and long-term manager in Romania and Central and Eastern Europe, continues its expansion in Romania by developing a new logistics park in the Northern part of Bucharest – CTPark Bucharest North. The park, located in Stefanesti, Ilfov County, has a total area of 21 ha and has a large opening with a great access to the Bucharest Ring Road, close to A3 ...

Trade: Average basket in online store, double the one of physical locations

Tuesday, August 11, 2020

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The average value of the purchase basket in online stores is two times higher than the offline one, the average purchase made by Romanians online being a few hundred lei, according to Mugurel Horia Rusu, CEO Hornbach Romania. In his opinion, the average online customer is not different from the one in physical stores, the highest share being represented by men (70%). The average age is 29-49 years. However, virtual stores also have customers over the ...

Retail trade turnover advance 0.5pct in H1 2020

Tuesday, August 11, 2020

Compared to the previous month, in June 2020 the retail turnover volume (excluding the trade with motor vehicles and motorcycles) increased both as gross series by 9.1% and as adjusted series according to the number of working days and to seasonality by 6.3%. Compared to the corresponding month of the previous year, the retail turnover volume (excluding the trade with motor vehicles and motorcycles) increased both ...

Eurostat: Romania, EU's eighth largest beer producer in 2019

Tuesday, August 11, 2020

Romania was the eighth largest beer producer among the 27 EU member states in 2019, according to data released on Friday by the European Statistical Office (Eurostat).Last year, over 34 billion litres of beer containing alcohol were produced in the EU, equivalent to around 77 litres per inhabitant.In addition, in 2019 the EU produced 1.4 billion litres of beer which contained less than 0.5% alcohol or had no alcohol content at all.Among the ...

Agriculture:The Embassy of France: appeal for a partnership addressed to Romanian farmers

Tuesday, August 4, 2020

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The Romanian and French ministries of agriculture, the French Embassy and a group of NGOs  launch an appeal to Romanian farmers to develop a partnership meant to professionalise the  agricultural jobs by means of exchanges between the two countries, informs the French Embassy in a press release on Friday. The objective of this partnership is to develop the connection between training, agricultural  exploitation and the companies in the ...

Tourism : Arrivals in tourist accommodation units down 74.5pct in June; 3.9 were foreign tourists

Tuesday, August 4, 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 74.5%, while the overnight stays decreased by 76.4% in June 2020. • Compared to June 2019, in June 2020 customs registered a decrease in the arrivals of foreign visitors of 68.7 % and a decrease of 68.1% in the departures ...

Romanians spend over EUR 480 million on vacation, business travels in first quarter

Tuesday, August 4, 2020

Romanian residents spent over EUR 480 million (RON 2.34 billion) on vacation and business travels in the first quarter of this year, of which 77.6 pct for those targeting domestic destinations, according to data centralized by the National Statistics Institute (INS).Of the total tourist expenses for vacation trips in the first quarter of 2020, 81.3 pct represented travel expenses in the country and 18.7 pct for foreign travels.The peak month for ...

Real Estate: Deals on non-residential real estate market up 21% in H1

Tuesday, August 4, 2020

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The volume of commercial real estate transactions in Romania, including offices, retail, industrial and logistics projects, and hotels, reached EUR 410 million in the first half of the year (H1), 21% more than in the same period last year. The properties in Bucharest accounted for almost 90% of the total, according to the report published by real estate consultancy firm JLL Romania. The largest segment was that of offices, which ...

Analysis: Developers have a pipeline of 100,000 sqm of offices and 700 hotel rooms in the Calea Victoriei area of Bucharest

Tuesday, August 4, 2020

Calea Victoriei in Bucharest, the 2.8-kilometer-long artery between Pia?a Victoriei and Pia?a Na?iunilor Unite, will continue to grow as an office and hotel hub in the upcoming years, with the developers’ plans to build seven new office buildings and six hotels as a result of investments that could exceed the EUR 300 million threshold, according to an analysis of Cushman & Wakefield Echinox real estate consulting ...

Colliers International: The drop in new demand is starting to be felt în Office Market H1 2020

Tuesday, August 4, 2020

New office space delivered in the first half of the year reached nearly 105,000 square meters, in tune with Colliers International’s estimates, but total demand in Bucharest was down by nearly 28%, to a bit over 124,000 square meters, while new demand halved after an exceptional year, to under 45,000 square meters. Overall, Colliers International consultants do not expect to see too much in terms of new contracts, except for companies that are actually ...

Nasdaq-listed ON Semiconductor leases 3,200 sqm in western Bucharest

Tuesday, August 4, 2020

ON Semiconductor, a provider of integrated circuit and semiconductor solutions, listed on the US stock exchange (Nasdaq), signed for 3,200 sqm office space in the first building of The Light project, developed by River Development. The Light One is the first of the three Class A office buildings planned in the mixed-use office and residential project. The building has a leasable area of 21,653 sqm (GLA) and a height regime of 11 floors (2S plus P plus ...

Two of ten Romanians are interested in acquisition of holiday home within next year 

Tuesday, August 4, 2020

 Nearly two thirds of Romanians (64 pct) will choose, this summer, the Romanian littoral for spending holidays, while two in ten persons have said they are interested in buying a holiday home within a year, show the results of a specialty study, centralized by real estate developer Nordis Group, published last Friday.According to Nordis Group's data, the highest interest for holidays on the Romanian seaside was recorded amongst families (78 pct) and youths ...

HAGAG Development Europe builds EUR 16 mln residential project in exclusive Bucharest area

Tuesday, August 4, 2020

Israeli real estate developer HAGAG Development Europe has received the construction permit for the premium residential project H Eliade 9 Residence, located in Bucharest's Primaverii neighborhood. The works are scheduled to start in August of this year and involve an investment of EUR 16 mln. The project is over 35% sold, according to data provided by company representatives. The project will be built on a land area of 2,200 ...

Telecom.IT: Internet and mobile data traffic grew by a third during the first two months of the pandemic

Tuesday, August 4, 2020

During the 60-day state of emergency, data and internet traffic increased on average by 26 percent, i.e. by 30 percent on fixed networks and 5 percent on mobile networks, while voice traffic grew on average by 11 percent, compared to the 60 days preceding the introduction of the state of emergency, according to Romania’s National Authority for Management and Regulation in Communications (ANCOM). In the March 16 – May 15 2020 period, ...

Hdealthcare: Centre for military medical scientific research to relocate at Cantacuzino Institute

Tuesday, August 4, 2020

The government adopted a draft emergency ordinance under which the Centre for Military Medical Scientific Research will be relocated to the Cantacuzino Institute. A request in this regard came from Defence Minister Nicolae Ciuca."Please approve the introduction on the additional agenda of the draft emergency ordinance on the establishment of measures in the field of research, development, innovation, to amend and supplement OUG 66/2017 establishing measures in the ...

Infrastructure : State aid: Commission approves €1 million Romanian aid scheme for airlines starting or resuming operations at Oradea airport following the coronavirus outbreak

Tuesday, August 4, 2020

The European Commission has approved a €1 million Romanian scheme for those airlines resuming or starting flights to and from Oradea airport in Romania. Oradea airport plays an important role in the regional and international connectivity of the country. The scheme was approved under the State ...

A Romanian consortium wins 146 mln euro deal to build Galati detour road

Tuesday, August 4, 2020

Romania's road infrastructure company CNAIR said on Friday that a consortium comprised of local companies SA&PE Construct, SC Spedition UMB, Tehnostrade won a tender of a 705 million lei without VAT ($172 million/146 million euro) contract for the construction of a detour road around the eastern city of Galati. The 33.6 km detour road should be built in 54 months, including twelve months for the design phase, with an ...

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