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Mercure Hotel will open at the Iron Gates, by the Danube Riviera
Tuesday, June 28, 2022
Accor, world-leading hospitality group, announced the signing of a new franchise agreement, for the opening of a Mercure hotel on the Iron Gates Riviera, by the Danube River. The hotel will be operated by the local hospitality company Queens Horeca Management and will come to market in the third quarter of 2023, after significant refurbishment. Mercure Iron Gates Riviera Hotel & ...
Real Estate: CTP delivers a 35,000 Sq M built-to-suit warehouse for the largest pharmaceutical storage facility in Romania
Tuesday, June 28, 2022
CTP, Continental Europe’s largest listed owner, developer and manager of high quality industrial and logistics real estate, has delivered a built-to-suit warehouse with approx. 35,000 sq m for A&D Pharma – Dr.Max Group, the leading pharmacy chain in Central Eastern Europe. CTPark Mogosoaia is located on the ring road of Bucharest and consolidates the CTP Romania’s portfolio of over 2,1 million sq m overall, of which 1,5 million sq m are in ...
Agriculture: Romania to close farming year 2021/2022 on stable production, but less cereals than in previous year
Tuesday, June 28, 2022
Romania will close farming year 2021/2022 on stable production, which will mean an export surplus, even if it will not get the quantities of cereals from the year before, the Minister of Agriculture and Rural Development said last week."So far, I have seen a good part of the country and I am talking a lot with our farmers. I could call the crops good nowadays. Obviously, there are differences from region to region and there are situations, especially in the ...
Trade: About 80% of fish quantity consumed by Romanians is imported
Tuesday, June 28, 2022
The share of imported fish quantity consumed by Romanians is about 80%, mainly frozen fish brought from countries like Spain, Poland and Canada, say representatives of the Federation of Black Sea Fishermen Organizations. In that context, Romanian Black Sea fishermen had to restrict their activity in the two pandemic years, when tourist activities collapsed and restaurants were mostly ...
Study: 38% of Romanians prefer buying online to better control monthly budget
Tuesday, June 28, 2022
Romanians have adapted their purchase behavior, in the context of a high inflation rate. Thus, 38% of them choose to buy the products they need online in order to better control their monthly budget, according to Innoship technology startup which developed a delivery management platform for online stores worldwide. The company shows that in 2021 Romanians bought, on the average, goods of 17 million ...
Retail sales in Romania rose twice as fast as in Europe, on average, in 2021
Tuesday, June 28, 2022
Romanians spent 11% more money in stores in 2021, the fastest growth rate in the region, Ziarul ...
Agriculture: Romania expects cereal excess this year
Tuesday, June 21, 2022
The weather and higher production costs show that Romania's cereal yield will be somehow lower than the good yield recorded last year, but still ensures excess for exports, said agriculture minister Adrian Chesnoiu, in an interview granted to Reuters. Romania has been one of the biggest cereal sellers in EU and is an active exporter in the Middle East, Egypt being the main ...
Government approved support programs for table grape and potato growers
Tuesday, June 21, 2022
Table grape growers will have 15 million lei at their disposal through a program adopted by the Government, an important support being granted also to potato growers, the Minister of Agriculture and Rural Development, Adrian Chesnoiu announced on Thursday after the Government meeting"It is a program worth 15 million lei. Applications can be submitted until July 15, and the proof of the sale of grapes and the production obtained can be made until November 29. ...
EC approves Romania's 500 mln euro afforestation support scheme
Tuesday, June 21, 2022
The European Commission said on Monday it approved a 500 million euro ($527 million) Romanian funding scheme made available through the Recovery and Resilience Facility (RRF) in order to support the growth of new forest areas. The scheme, which will run until end-June 2026, is aimed at supporting owners of agricultural land suitable for afforestation to establish new forest areas, which will generate a positive climatic impact in the ...
Real Estate: Deloitte Study: Increasing construction costs, the biggest challenge of 2022 for real estate companies in Romania
Tuesday, June 21, 2022
The increase in construction costs represents the biggest challenge of 2022 for 90% of the real estate companies in Romania and in other countries in this region of Europe, according to ...
Cushman & Wakefield Echinox: Developers continue their investments, as over 500,000 sqm of retail spaces are planned or under construction
Tuesday, June 21, 2022
Real estate developers continue to expand their portfolios of retail projects in Romania, over 500,000 sq. m of new spaces being announced for the next 4 years, with 10 of the pipeline projects each having more than 10,000 sq. m, according to the Bucharest Retail Market and the Romania Retail Regional Cities reports, produced by Cushman & Wakefield Echinox. At regional level, projects totaling 270,000 sq. m are under ...
Modern stock of industrial spaces in Romania reached approx. 6 Million Sq M in S1
Tuesday, June 21, 2022
With approximately 0.5 million sq m under construction and 44% of the area under construction being already pre-let, the modern stock of industrial spaces in Romania reached 5.9 million sq m in the first semester of 2022, according to the Romania Industrial Destinations research special report, launched by CBRE Romania, the leader of the real estate consultancy market. “2022 is as ...
Official statistics: Romania's housing stock goes up 0.7 pct in 2021
Tuesday, June 21, 2022
Romania's housing stock continued on an upward trend in 2021, standing at 9,587,200 home units, by 66,100 more (+ 0.7 pct) compared to the end of 2020, shows data centralized by the National Institute of Statistics (INS ).This growth was due both to new buildings (71,400 homes) and to the conversion of spaces with another destination into housing (700 homes). Also, 6,000 dwellings were out of the housing stock as a result of demolition (5,300) and to living ...
Tourism : Foreign tourists spend over 2,460 RON per person in Romania in Q1 2022
Tuesday, June 21, 2022
- In the first quarter of 2022, the employment rate for the population aged 20-64 years was 67.8%. - In the first quarter of 2022, the economically active population of Romania was 8237.9 thousand persons, out of which 7743.7 thousand were employed persons and 494.2 thousand unemployed persons. Non-resident foreign tourists spent in Romania, on average, 2,465.9 RON per person in ...
Study: Romania is one of the less safe countries in Europe to spend one's holiday
Tuesday, June 21, 2022
A new study conducted by Forbes Advisor has revealed the safest countries in Europe to go on holiday this year. The study analyzed metrics such as the quality of bathing waters, the quality of healthcare, the rate of ...
Infrastructure : Government approves agreement with Moldova on consolidating border road bridge
Tuesday, June 21, 2022
On Thursday, the Romanian government approved an agreement with Moldova on the consolidation of a border road bridge over the Prut, between Galati in Romania and Giurgiulesti in Moldova."The government approved the agreement between Romania and Moldova on defining the technical, financial, legal and organisational aspects regarding the consolidation of the border road bridge between Romania and Moldova over the Prut, between Galati and Giurgiulesti. ...
Italian-led tie-up in 1.47 bln lei (297 mln euro) deal to build motorway section in Romania
Tuesday, June 21, 2022
Romania's road infrastructure company CNAIR said on Thursday that a consortium led by Italian construction and civil engineering group Impressa Pizzarotti has signed a 1.47 billion lei ($309 million/297 million euro) contract to build a section of the Ploiesti-Buzau motorway that will connect Romania's historical regions of Moldova and Muntenia. The 21 km section between Dumbrava and Mizil in Prahova ...
Cars: APIA: New car registrations up by 33.3 pct in first five months
Tuesday, June 21, 2022
A number of 47,111 new vehicles were registered in Romania in the first five months, up 33.3% from the 35,346 cars registered in the same period in 2021, according to the Association of Automobile Manufacturers and Importers (APIA).According to the cited source, after the important evolution of the first months, May 2022 comes with an increase of 18.7% of vehicle registrations compared to the previous year, an increase registered after four months of ...
Turnover in vehicle trade up 6.3 pct, market services up 40.5 pct in first 4 months of 2022
Tuesday, June 21, 2022
The volume of turnover in the trade of motor vehicles and motorcycles increased, as unadjusted series, by 6.3%, in the first four months compared to the similar period of the previous year, and the volume of turnover in the market services provided to the population increased by 40.5%, according to data published on Thursday by the National Institute of Statistics (INS).Thus, in the period January 1 - April 30, 2022, year-on-year, the volume of turnover in ...
ACEA: New passenger car registrations in Romania jump 33% y/y Jan-May
Tuesday, June 21, 2022
New passenger car registrations in Romania increased by an annual 32.9% to 47,645 in the first five months of 2022, provisional data from the European Automobile Manufacturers’ Association (ACEA) showed. Romanian car manufacturer Dacia increased 11.9% on the year, to a total of 155,247 units in January-May, ACEA said in a statement on ...