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Real Estate: Office investors become attracted by regional cities as an alternative to Bucharest

Tuesday, July 24, 2018

The accelerated economic development of the major regional cities in Romania is beginning to influence their real estate market as well, http://business-review.eu informs. According to the real estate consultancy company Colliers International, there are strong arguments to support the increased interest in office leasing and the strong investment potential, and cities such as Cluj-Napoca, Timisoara, Iasi or Brasov can offer an ...

CBRE remained the largest real estate consultant, with RON 57 million turnover in 2017

Tuesday, July 24, 2018

The largest real estate consultants,on the Romanian market, ran last year a total business of more than RON 150 million. The most important company remained CBRE, with a turnover of RON 57 million, http://business-review.eu informs. Their business has been backed by one of the most effervescent years in the office market, with large companies signing up for a new headquarters. On ...

Telecom. IT : The auction for 5G frequencies – in 2019

Tuesday, July 24, 2018


The auction of frequencies for the 5G technology will be organised in 2019, based on the calendar debated by the National Authority for Management and Regulation in Communications (ANCOM) on Thursday, together with the industry, at a sitting of the Consultative Council, the auction is to conclude in December 2019, an ANCOM release informs quoted by romaniajournal.ro. The sitting has considered the action plan and the national timetable for allocation ...

Real Estate: Co-working spaces in Bucharest doubled between October 2017 and June 2018

Tuesday, July 17, 2018


Currently, the Bucharest office market is a landlord’s market, mainly because of the low vacancy rates, http://business-review.eu informs. As a result of the delivery of new office projects, along with clients’ various requirements (the need for all-in-one workspaces, with retail facilities, entertainment and fitness/wellness areas), the market will likely shift towards a tenant’s ...

Eurostat: First quarter of 2018 compared with first quarter of 2017: House prices up by 4.7% in the EU

Tuesday, July 17, 2018

House prices, as measured by the House Price Index, rose by 4.5% in the euro area and by 4.7% in the EU in the first quarter of 2018 compared with the same quarter of the previous year. These figures come from Eurostat, the statistical office of the European Union. Compared with Q4 2017, house prices rose by 0.6% in the euro area and by 0.7% in the EU in the first quarter of 2018. Among the Member States for which data are available, the highest annual ...

Survey: Landlords increasingly prefer to outsource building management, 80 pct of office space is run by specialist companies

Tuesday, July 17, 2018

The share of externally-managed properties has increased in the past years on the retail and office segments, so that 79 percent of the new projects were run by external management services in 2017 as to 24 percent in 2015, reveals a CBRE expert survey.Experts estimate that 2018 will see a new momentum for the industrial sector in terms of asset management outsourcing. In the beginning, property management on the local market was done exclusively ...

Villar Group invests EUR 11 M in high-end residential development in Herastrau area

Tuesday, July 17, 2018

Villar Group, the real estate developer which previously build Vitan Business Center and Dorobanti Office Building, is investing EUR 11 million in a new high-end residential scheme of 86 apartments. Vida Herastrau is located in a premium area of Bucharest, near Herastrau Park, just behind Ponderas/ Regina Maria Hospital. The compound has a large mix of one, two and three-bedroom apartments, with generous terraces, in a low-height building, with five ...

Tourism: KeysFin analysis: in Romania, over 400  tourism agencies closed down in 2016 and 2017

Tuesday, July 17, 2018

Some hundreds of  agencies and tour operators closed down in the last five years  and the tourists can find themselves without money and holidays  as the solution of setting up a special fund for such situations has been left at the level of a proposal, a KeysFin analysis  shows. Even so, the summer season 2018 seems to be the best of the last years, but beyond the large number of tourists, the crowds at the seaside, the increase of the quality of the ...

Eastern Europe Accor partner buys Mercure hotel in Romania

Tuesday, July 17, 2018

Poland-based Orbis Hotel Group, the licensor of AccorHotels brand in Poland and Eastern Europe, acquired the Mercure Bucharest Unirii in Romania for €11.35 million from the Dogariu family, according to a report from the Business Review quoted by ...

Eurostat: 20 pct of tourists in Romania are foreign nationals, most from Asian countries and Germany

Tuesday, July 17, 2018

Two out of ten tourists in Romania in 2016 were foreign nationals, who spent an average of four nights in accommodation units, spending EUR 32 per night for the service, according to a report by Eurostat, http://business-review.eu informs. Most of the foreign tourists were citizens of Asian countries (2.7 percent), followed by German tourists (2.2 percent). Italians accounted for 1.8 percent of the tourists in ...

Romanian tourists prefers Greece, Spain and Turkey

Tuesday, July 17, 2018


Holidays in the Greek islands, in Antalya and Bodrum in Turkey, Tenerife and Mallorca in Spain, Split in Croatia, charter flights from Bucharest, Iasi and Cluj-Napoca are most popular for the 2018 season. According to a study conducted by Cocktail Holidays, Romanian tourist have different preferences regionally. Romanians in the north-east  of the country go more to Greece, those from east and south of the country, in Turkey, while the west have Spain ...

Telecom. IT : Romania Once Again Boasts Emerging Europe’s Fastest Broadband Speeds

Tuesday, July 17, 2018


Romania now boasts the fifth fastest internet in the world, and easily the fastest in Emerging Europe, emerging-europe.com reads. In an analysis of more than 160 million broadband speed tests conducted across 200 countries only Singapore – once again the world’s fastest country – Sweden, Denmark and Norway registered more impressive speeds. Yemen came last. According to the analysis, carried out by ...

5G national strategy completed in 2018; tech implementation to attract 9b USD in investment by 2026

Tuesday, July 17, 2018

Romania's 5G communications national strategy will be completed by the end of 2018, while the implementation of this technology in Romania will bring about 9 billion US dollars in total investment over the next eight years in energy and utilities, public security, financial services and healthcare, Minister of Communications and Information Society Bogdan Cojocaru told Agerpres on last Tuesday."Romania needs digitisation, that is clear for everyone. We are faring ...

Trade: The  watches market of Romania could  grow up to 10% this year

Tuesday, July 10, 2018


The watches market  of Romania reached last  year the value of approximately 80 million euro and the advance of this year is estimated at 5-10% stated for News.ro  the general manager of the retailer WatchShop.ro, Dragos Diaconu. He said that the Romanians have become,over the last years  more attentive to season and they are interested to follow the trend  when they acquire watches, trends which are observed in the case of ...

Eurostat: Romania, second largest retail growth rate among the EU states in May

Tuesday, July 10, 2018

Romania had the second biggest growth of retail trade, 7.1 percent, in EU in May 2018, compared with May 2017, after Hungary’s 7.7 percent, http://business-review.eu informs. In May 2018 versus April 2018, retail trade rose 2.1 percent in Romania, the sixth position in EU, after Portugal (4.7 percent), Latvia (3.4 percent), Slovenia (3.1 percent), Estonia and Belgium (2.9 percent). Decreases were ...

The fish market will reach EUR 380 million in 2018, at 7 kg consumption per capita yearly

Tuesday, July 10, 2018

The local fish market recorded an increase of about 10 percent in the first half of 2018 compared to the same period in 2017, and the current year will end with a higher sales figure of another 10 percent, according to estimates by representatives Alfredo Seafood, a Romanian fish and seafood brand. Thus, the local fish and seafood market would reach almost EUR 380 million, slowing towards 2017. “2018 brought a ...

Infrastructure : Tarom will launch direct flights to Odessa, Tbilisi, Baku and Erevan this summer

Tuesday, July 10, 2018

Tarom analyses the launching of new routes over the next months and announces investments in the development of the fleet. The general manager of the company Werner Wolff stated in an interview for News.ro that Tarom will launch direct flights to Odessa, Tbilisi, Baku and Erevan  before autumn, most probably, and has negotiations to buy another five aircraft. Moreover, another 13 aircraft will join the company fleet most probably next year. Tarom ...

CFR company needs EUR 12.2 bln for investments in infrastructure

Tuesday, July 10, 2018

Romania’s state railway company CFR needs EUR 12.2 billion for investments according to the strategy for developing the national rail infrastructure between 2018 and 2022, which is now up for debate. The document underlines the decline in rail passenger and freight traffic in the last 30 years and the progressive degradation of the local railway infrastructure due to insufficient financing, ...

Romania, Greece, Serbia and Bulgaria agree to a common transport ring including railways, ports and motorways

Tuesday, July 10, 2018

Romania, Bulgaria, Greece and Serbia have come to an agreement for a common transport ring that will include railways, ports and motorways, http://business-review.eu informs. A new company will be established to make the projects a reality, according to announcements made in a meeting in Salonic, according to Bulgarian website Trud. The Bulgarian PM, Boiko Borisov, said that there ...

Wizz Air launches new route from Cluj-Napoca to UK

Tuesday, July 10, 2018

Wizz Air has announced on Thursday a new route linking Cluj-Napoca (central Romania) to UK, precisely to Birmingham, which thus becomes the third city in Great Britain that will be directly connected to Cluj, after London Luton and Doncaster/Sheffield. As of December 2018, the number of weekly flights from Cluj to UK will mount  to 23. Overall, Wizz Air operated flights from Cluj-Napoca to 36 destinations in 18 ...

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