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Real Estate: Analysis. Romania’s real estate market prepares for busy 2018

Tuesday, December 12, 2017

With the real estate investment volume set to reach EUR 1 billion next year, consultants say the demand for projects will remain high across the board, with a focus on the office segment, business-review.eu reads. The market might see more deals in niche sectors like hotels, while the overall attractiveness of Romanian property will also be bolstered by higher yields than the rest of Central and Eastern Europe (CEE). The property sector will likely see ...

Tourism: Radisson Hotel Bucharest sold for 170 million euros

Tuesday, December 12, 2017

Elbit Imaging, holding 98.2% of shares of Radisson Hotel complex in Bucharest, announced that it had signed the sale of shares for 169.2 million euros, according to a press release issued on Wednesday by Nasdaq exchange in the United States. “Elbit Imaging announced that its subsidiary had signed the final sale of 98.2% of shares owned in the company that owns Radisson Hotel complex in Bucharest, for 169.2 million euros,” the press release ...

The tourists’ overnight stays in the establishments of tourists’ reception increased by 6.8% in October 2017

Tuesday, December 12, 2017

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 8.7 % and by 6.8 %, respectively, in October 2017. Compared to October 2016, in October 2017 customs registered an increase in both the arrivals of foreign visitors of 25.5 % and in the departures abroad of ...

Dragos Anastasiu: Labour force and lack of fiscal predictability, main worries in tourist industry

Tuesday, December 12, 2017

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Labour force deficit and the lack of fiscal predictability represent the main worries of the tourist industry, said Dragos Anastasiu, the founder of Eurolines Romania Group, at a press conference on Thursday. “The main problem of Romania and of our industry at present, is labour force, human resources. We could develop in the hotel area and in the travel agency area too, we have everything we need to do it at an accelerated rate, from finance to ...

Tourism: Number of tourists choosing Romania will exceed 12 millions in 2017

Tuesday, December 5, 2017

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Romanian tourism has grown by 10% in 2017, according to official data, while the total number of tourists choosing Romania is estimated to exceed 12 millions this year, a value which has not been reached since 1990, says Adrian Voican, first vice-president of the National Association of Travel Agencies (ANAT). According to him, the number of foreign tourists will reach a record of over 2.6 millions. “In the first nine ...

Ana Hotels is the best hotel company of the year

Tuesday, December 5, 2017

Based on the economic results obtained, Ana Hotels company maintained its top position in the category Big Enterprises in Tourism - Hotels and other similar facilities in the Top of Companies made by the Chamber of Trade and Industry of Romania. The top rewards, at national level, based on a complex, transparent and unitary methodology, the most performing commercial companies in Romania, from the main domains of economic ...

Romanian tourists spend about 9.4 million euro in Romania on December 1 mini-holiday

Tuesday, December 5, 2017

The over 88,000 Romanian tourists who left to various destinations in Romania on the December 1 mini-holiday spent approximately 9.4 million euro on accommodation and meals, according to an analysis provided by the Romanian Tourism Employer's Associations Federation (FPTR). "For the first time after 1989, the domestic city break packages were better sold than those abroad, which shapes a new trend in Romanian tourism. Tourists benefited from the up to ...

Telecom.IT: Orange Romania, Vodafone Romania take pre-orders for Huawei Mate 10 Pro

Tuesday, December 5, 2017

Orange Romania and Vodafone Romania started taking pre-orders for Huawei Mate 10 Pro, telecompaper.com informs. The smartphone will be delivered starting from 4 December. Without a contractual obligation, the smartphone costs EUR ...

68.6 percent of households have internet access

Tuesday, December 5, 2017

Computer-equipped households this year account for 65.6 percent of the total, and 68.6 percent have internet access, shows data released by the National Statistics Institute (INS). A survey on the population's access to IT & C technology has found a quite considerable difference as regards computer ownership depending on the residential environment, as 75.9 percent of urban households are computer-equipped, while the computer ownership rate in rural areas ...

Postpaid grows to over half of Romanian mobile customers

Tuesday, December 5, 2017

The number of active mobile telephony customers in Romania was down 1.5 percent year-on-year to 22.2 million at the end of June, according to data from telecommunications authority Ancom, telecompaper.com reports. The number of postpaid customers continued to grow in H1, up 7 percent to 11.8 million, at the expense of active prepaid cards, which decreased 10 percent to a total of 10.4 million.  The trend of more postpaid customers started in 2016 ...

Broadcasting services of audiovisual programs: over 7.3 million subscribers

Tuesday, December 5, 2017

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Some 98% of all households in Romania benefited in the first half of this year from paid re-broadcasting services of audiovisual programmes, with over 7.3 million subscribers, on the rise by 2.5% over the same period in 2016, show the statistics with the National Authority for Administration and Regulation in Communications (ANCOM), made public on Wednesday. According to the cited data, most subscribers (4.9 million) are cable ones, 2.4 million are ...

Agriculture: Romania, the eighth farming power in EU in 2016

Tuesday, December 5, 2017

The EU farm yield was worth 405 billion euros in 2016, 2.8% smaller than in 2015, the member states with the biggest total farm yield being France (73 billion euros or 17% of EU total), Italy (53.4 billion euros or 13%), and Germany (52.9 billion euros or 13%) according to data published by Eurostat on Wednesday. Similar figures were recorded by Spain (46.8 billion euros or 12%), Great Britain (27.9 billion euros or 7%), Holland (27billion euros or ...

Infrastructure: Neamt- Bacau road axe to be rehabilitated with 184.5 million lei

Tuesday, December 5, 2017

Neamt-Bacau road axe will be rehabilitated and modernized with European funds through the Regional Operational Program, according to a Ministry of Regional Development, Public Administration and European Funds press release. Marius Nica, the delegate minister for European Funds, signed a financing contract for the North-East Region - Neamt Bacau strategic road axe. With an overall value of 184.6 million lei, of which 175.6 ...

Corina Cretu: Romania has over 5 billion euros at its disposal in Large Infrastructure Operational Program

Tuesday, December 5, 2017

Romania has over 5 billion euros at its disposal as part of the Large Infrastructure program, but it needs  realistic planning, detailed preparation and efficient implementation of transport projects, to efficiently absorb this amount, said Corina Cretu, the European commissioner for regional policy, who met Felix Stroe, the Romanian transport minister in Brussels. Cretu pointed out the need that the Transport Ministry should have a leading role ...

Iasi Airport exceeds 1 million passengers this year

Tuesday, December 5, 2017

Iasi International Airport marked one million passengers, for the first time in history. The same day, the airport recorded another first in passenger traffic. Over 100,000 passengers used Iasi Airport services over June-October every month, August being the period with most passengers in the airport history - 125,605 passengers, 280% more than in the same period of ...

Mihail Kogalniceanu International Airport records 40% more landings and take-offs in first ten months

Tuesday, December 5, 2017

Mihail Kogalniceanu International Airport, in Constanta, reported a 19% increase of overall passenger traffic in the first 10 months of the year, to 123,355 people, while aircraft movements went up by 40% compared to the same period of 2016, the company announced. 670 tons of goods were transported over January-October 2017. At the same time the airport recorded increases in October. “In these conditions, the company ...

Blue Air considering routes from Bucharest to Tbilisi, Cairo

Tuesday, December 5, 2017

Romanian low-cost carrier Blue Air is considering the launch of two new routes from Bucharest in 2018, to Georgia's Tbilisi and Egypt's Cairo, the ministry of business, commerce and entrepreneurship said on Tuesday, seenews.com informs. Blue Air has expressed readiness to make the two new connections starting next year following a discussion with the ministry which plans to boost economic relations with the two countries. Ilan ...

Transport Ministry signed for 1.95 billion lei for the construction of 70 new kilometres of motorway on the Sebes-Turda segment

Tuesday, December 5, 2017

The Transport Ministry signed the funding application for the project worth 1.95 billion lei that provides for the construction of 70 new kilometres of motorway on the Sebes-Turda segment, financed through the 2014-2020 Transport Operational Programme, the relevant minister communicated in a press release. The application for funding initialled on Friday, 23 November 2017 aims to implement the construction project of the Sebes-Turda motorway - Phase II ...

EU backs Romania with 252 mln euro for road, water infrastructure projects

Tuesday, December 5, 2017

The European Commission said on Tuesday it is providing a total of 252 million euro ($301 million) to help Romania improve its road and water infrastructure, seenews.com informs. Some 76 million euro from the European Regional Development Fund will be invested in the works to be carried out on national road E79, which crosses the country, the European Commission said in a press release. The E79 road connects Romania with ...

Trade: Romania one of last European countries for commercial area density

Tuesday, December 5, 2017

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Romania is one of the last European countries in point of commercial area density, with 104 square metres per 1,000 inhabitants, while Norway has the highest value, 921 sq.m, according to a specialised report. Romania had, by the end of the first semester, 2017, a modern retail stock of 3.56 million square metres. Commercial centres represent 57% of the total volume, with about 2.05 million sq.m. The rest is divided between retail parks (34%) and ...

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