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CFR opens 96 mln euro tender to upgrade Bucharest North train station
Tuesday, February 7, 2023
Romanian railway operator CFR said on Tuesday that it has launched a tender worth 471.1 million lei ($103.6 million/95.7 million euro) to upgrade the Bucharest North railway station, the largest in the country. The duration of the contract is of 55 months, with a warranty period of 60 months, CFR said in a press release. All three ...
Government decides to reorganize Romanian Railway Authority and set up Romanian Railway Safety Authority
Tuesday, February 7, 2023
The government decided, in its Tuesday meeting, to reorganize the Romanian Railway Authority (AFER) and set up the Romanian Railway Safety Authority (ASFR), public institutions in the railway field, subordinated to the Ministry of Transports and Infrastructure. According to the government press release, these actions will ensure the adaptation of the juridical situation in railway transport to the ...
Airport Association: Over 21 million passengers have transited Romanian airports in 2022
Tuesday, February 7, 2023
More than 21 million passengers passed through Romanian airports last year, and in 2023 a higher number could be registered than in 2019, said specialists in the field, present at a working meeting organized in Brasov, informs the Airports Association from Romania (AAR), in a press release.The general directors of the airports in Romania met on Wednesday in a working meeting organized at the Brasov Airport. The meeting was also attended by representatives of the ...
CFR SA in 2022 records a 65% increase in rail freight traffic at Ukrainian border
Tuesday, February 7, 2023
The National Railway Company CFR SA recorded last year a 65% increase in freight traffic through the Halmeu station, a railway point on the northern border with Ukraine, the company announced on Friday.According to the CFR SA, increases in the volume of goods traffic were also recorded last year in the other border railway stations with Ukraine (UZ) and the Republic of Moldova (CFM), in percentages between 23% and 28%. Thus, 28% - northern border station ...
Tourism : 21 new localities get gov't certification as tourist resource areas
Tuesday, February 7, 2023
The government approved at its Tuesday meeting the certification of 21 localities as areas with tourist resources, thus enhancing the development chances of these administrative-territorial units by attracting European funds for tourist infrastructure, technical and environmental protection projects, the Ministry of Development, Public Works and Administration said in a release.The regulatory act amends the annexes to OUG No. 142/2008 approving the National ...
Arrivals in tourist accommodation units up 21.8pct in 2022
Tuesday, February 7, 2023
Arrivals in tourist accommodation units totaled 11.299 million people in 2022, an increase of 21.8pct compared to 2021, according to data released on Friday by the National Statistics Institute (INS).Of the total number of arrivals in 2022, the arrivals of Romanian tourists in accommodation units represented 86pct, while arrivals of foreign tourists accounted for 14pct. The overnight stays recorded in tourist accommodation units in 2022 totaled 24.319 ...
Cars: New car registrations drop 12.3pct in Q4 2022
Tuesday, February 7, 2023
Romania's new passenger car registrations went down 12.3pct in the fourth quarter of 2022 against the fourth quarter of 2021, while new cargo vehicles registrations went down 7.2pct in the same interval, according to data posted by the National Institute of Statistics (INS) on Friday.Second-hand cars accounted for 68.3pct of the total new registrations, in the fourth quarter of 2022, down 5pct against the same quarter of 2021.Also, the buses and ...
Real Estate: The CEE property investment market returned to growth in 2022
Tuesday, February 7, 2023
The total volume invested in income-producing real estate assets – office, retail, logistics and industrial spaces and hotels – in the Central and Eastern Europe returned to growth last year, a positive evolution mainly driven by the activity recorded in Romania and Slovakia. Romania benefited from an almost 40% increase of the investment volume, thus moving to the 3rd place in the region (after Poland and the Czech Republic) in this regard in ...
Around 500,000 Sq. M of office spaces are vacant in Bucharest
Tuesday, February 7, 2023
* 50% of them are located in buildings over 15 years old Around 500,000 sq. m of office spaces are unoccupied in Bucharest, reflecting a vacancy rate of 15.2%, the highest availability being reported in the Pipera North, Center-West and Floreasca – Barbu Vacarescu submarkets. There is still a significant discrepancy between A and B-class projects in terms of vacancy rates, a difference which could be ...
Study: Inflation, workforce challenges, cyber risks will impact the most real estate companies’ revenues this year
Tuesday, February 7, 2023
Revenues of commercial real estate companies (commercial spaces, business centers and offices, logistics premises) will be impacted this year mainly by persisting high inflation, workforce challenges, cyber risk, and climate-related regulations, according to ...
Agriculture: As much as 400 ml euro disbursed between 2015 - 2022 for fostering rural entrepreneurship
Tuesday, January 31, 2023
Entrepreneurs who invested in Romanian rural areas received between 2015 and 2022 support for the establishment and development of non-agricultural businesses through the Agency for Rural Investments Financing (AFIR), the agency informs.More than 14,900 applications for the financing of rural non-agricultural investments worth over 1.3 billion euros were filed with AFIR and in the end, following the evaluation and selection process, the agency concluded ...
AgriMin Daea: Romania has 1.5 B euros at its disposal to invest in land improvement
Tuesday, January 31, 2023
Romania can benefit from funds worth 1.5 billion euros for land improvement works, combating soil erosion and improving the irrigation system, said Minister Petre Daea, who presented, on Wednesday, at Deva, the National Strategic Plan for 2023-2027, for development of agriculture."We have an amount of 1.5 billion euros that we must invest in these land improvement works, including irrigation, combating soil erosion and drying, knowing that in the western ...
Infrastructure: Polish, French producers submit bids for 62 short-distance electric frames
Tuesday, January 31, 2023
A Polish and a French producers have submitted bids for the 62 short-distance electric frames (RE-R), put up for tender by the Railway Reform Authority (ARF)."The Railway Reform Authority informs that today, 25 January 2023, the meeting of the Assessment Commission took place, appointed within the tender regarding the purchase of 62 short-distance electric frames, in view of opening the submitted bids. Thus, the companies which filed the documentation on all ...
Passenger traffic through Romanian airports up by 87 pct in 2022
Tuesday, January 31, 2023
Romanian airports handled over 21 million passengers last year, by 87.53 percent more than in 2021, shows data released on Friday by the Romanian Airports Association (AAR).Compared to 2020, the increase in passenger traffic is almost 192 percent."Even if the total number of airport passengers in 2022 is 9.55 percent below the pre-pandemic peak recorded in 2019, it still exceeds even the most optimistic estimations for last year, which means that ...
Tourism : Romania has new ecotourism area: Baile Tusnad and Surroundings
Tuesday, January 31, 2023
"The Baile Tusnad and Surroundings" represents the 7th ecotourism location of Romania recognized by the Ministry of Entrepreneurship and Tourism (MAT), according to a release sent on last Thursday.According to the quoted source, the "Baile Tusnad and Surroundings" area is made up of Baile Tusnad, Cozmeni, Sancraieni, Sansimion, Santimbru and Tusanad (Hundeoara county) territorial administrative units (UAT)."The 'Baile Tusnad and Surroundings' ...
Real Estate: Prices of Romania's flats up almost 50pct in eight years
Tuesday, January 31, 2023
The average price of an apartment in Romania has increased by 47.2pct in the last eight years, at national level, newly built homes becoming more expensive by 38pct, and old ones, built before 1977, having a higher price by 43pct compared to 2015, according to an analysis carried out by a real estate platform.According to the quoted source, for apartments, the increase is 38pct for condominiums in Bucharest and 52pct for those in the rest of the country, shows the ...
Real estate market remains solid, despite signs of economic slowdown
Tuesday, January 31, 2023
Romania’s real estate market has enough resources to continue developing in 2023. This is thanks to the fact that a 3-4% expansion rate for the local economy is achievable even in the current context, where the conflict in Ukraine and the full effects of monetary policy tightening in the Eurozone and the US have not yet been fully felt, Colliers consultants predict. While an exceptional 2022 is likely to be followed ...
Under inflationary pressure, the office market has stagnated
Tuesday, January 31, 2023
* In 2022, the office market went through a period of stagnation. Demand values remained at the same level as in 2021, while deliveries of new space halved compared to 2021. Total demand for office space in Bucharest stagnated compared to the previous year, reaching 286,100 m², a level comparable to 2021. At the same time, net demand increased only slightly, by 3%, to 140,500 ...
Cars: 11,672 Renault vehicles registered in Romania last year, reaching a market share of 8.1%
Tuesday, January 31, 2023
11,672 vehicles were registered in Romania last year, in a market rising by 3.7%, recording a share of 8.1%, 0.8% higher than in 2021, according to a company press release. The car manufacturer ranked second in the top of imported cars registered in 2022. According to the source, Renault recorded a significant sales increase in C segment, which represented 45% of ...
Tourism: The Romanian tourists spent over 77 million euro in the first five countries of destination in December
Tuesday, January 24, 2023
The Romanian tourists spent in December 2022 over 77 million euro, cumulated in the first five countries of destination- Malta, the UK, the Netherlands, Ireland, Germany shows a study published by Revolut According to the quoted source, the top was maintained in the last quarter of last year and the value of the quarterly expenses for this category of services surpassed 225 million ...