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Agriculture: AgriMin Oros: We are interested in transfer of American irrigation technology
Tuesday, September 21, 2021
The Agriculture Ministry is interested in the transfer of technology for the development of the irrigation infrastructure from American partners, Agriculture Minister Adrian Oros told the new regional attache of the USA on matters of agriculture, Alicia Hernandez, according to a release sent by the Ministry of Agriculture and Rural Development (MADR).During the meeting with the representative of the United States Government, the Minister of Agriculture showed that ...
Tourism : Non-resident tourists in Romania spend an average 520euros/person in first half of the year
Tuesday, September 21, 2021
Non-resident tourists arriving in Romania spent, on average, 2,573.3 lei/person (approximately 520 euros, at the National Bank of Romania exchange rate), in the first half of this year, and the main reason for travel to Romania (59.6%) was represented by business, including participation in congresses, conferences, courses, fairs, and exhibitions, according to data published by the National Institute of Statistics (INS) on Thursday.According to the official ...
Volume of tourist reservations in Romania up by 60 pct this summer compared to last year
Tuesday, September 21, 2021
The pandemic boosted Romanian tourism, the volume of bookings this summer having increased by 46% compared to 2019 and by 60% compared to last year, according to a press release from Travelminit.ro, sent on last Tuesday.This summer, Romanians have fully caught with respect to holidays, especially with the relaxation of restrictions and security measures taken by the authorities in the context of the pandemic. According to the online hospitality platform ...
Trade: One in two urban Romanians wants to make purchases with Buy Now and Pay Later
Tuesday, September 21, 2021
One in two urban Romanians intends to make purchases using buy now and pay later services, according to an iSense Solutions study, commissioned by fintech company Revo Technologies, which operates under the Mokka brand, the leading Buy Now Pay Later provider in Romania. Some 55% of respondents say they intend to make purchases using BNPL in the next 12 months. Almost half of the respondents (46%) ...
Real Estate: The local land market continues to see significant interest
Tuesday, September 21, 2021
The land market remained active in the first half of 2021 in terms of buying intentions, continuing last year’s trends and setting out a good outlook for the rest of the year, even though some transactions might not close in 2021 due to pre-conditions in the signed contracts, mostly related to zoning, reveals Colliers in its market report on the evolution of the real estate market in the first semester of ...
Fondul Proprietatea contests massive overvaluation of Baneasa Airport Land
Tuesday, September 21, 2021
Franklin Templeton International Services, as Alternative Investment Fund Manager and Sole Director of Fondul Proprietatea expresses its extreme dissatisfaction with the possibility that the Bucharest Airports National Company (“CNAB”) might shortly call a General Shareholders Meeting for the approval of a share capital increase based on an excessive and disputed value of 3.8 billion lei for the land inside the Baneasa airport, brought as a ...
Cars: Trade in motor vehicles and motorcycles up 34pct Jan-July
Tuesday, September 21, 2021
Turnover in motor vehicles and motorcycles trade increased, by gross series, by 34%, in the first seven months of the year compared to the similar period of the previous year, while turnover in services provided to the population rose, as gross series, by 37.6%, according to data published on Wednesday by the National Institute of Statistics (INS).Thus, January through July this year, compared to the same period last year, turnover in wholesale and retail ...
Real Estate: Over 62,000 properties sold in Romania in August
Tuesday, September 14, 2021
Over 62,000 properties were sold, nationwide, in August, the National Land Record and Real Estate Advertising Agency (ANCPI) informs on Tuesday.According to a press release sent on last Tuesday, in August 2021 there were 62,137 properties sold, with 2,811 more than July.The number of houses, apartments and plots of land were the subject of buying-selling contracts in August is larger by 18,375 than the similar period of 2020, the quoted source ...
CWEchinox: Industrial sector can reach up to 1 million built sqm in 2021
Tuesday, September 14, 2021
The need for industrial spaces grew exponentially in 2020 (the best year for the industrial and logistics property market in the past 30 years in terms of demand), becoming a so-called “star-sector” of the Real Estate industry. To find out how the sector fared in H1 2021 and if the upwards trend can be sustained, Business Review turned to Andrei Brinzea, Partner | Land & Industrial Agency at Cushman & Wakefield Echinox, during the recent REALTY Forum ...
Colliers: The logistics and industrial market continues to be the most dynamic real estate sector
Tuesday, September 14, 2021
The first half of 2021 looks exceptional for the industrial & logistics real estate sector, with total demand increasing to nearly 394,000 square meters of leasing deals, from close to 289,000 square meters of modern storage spaces traded in the same period last year, according to Colliers market report for the first semester of 2021. The strong first half of the year makes 2021 a contender to set a new record for leasing for the second year in a ...
Infrastructure: Wizz Air announces two new routes from Romania to Madrid and Brussels
Tuesday, September 14, 2021
Wizz Air introduces two new routes from Romania to Spain and Belgium, with flights to be operated in early December.Thus, Romanians will be able to travel from Iasi to Madrid, Spain, on Thursdays and Sundays, starting with December 2, and from Suceava to Brussels, Belgium, every Tuesday and Saturday, from December 4.According to a company release sent to AGERPRES on Wednesday, the tickets for the two routes are already available online and ...
Agriculture: Moldova and Romania – new step in promoting Black Sea wine area
Tuesday, September 14, 2021
The National Wine and Vineyard Office of Moldova signed on Thursday, September 9, a collaboration memorandum with Romania's Chamber of Trade and Industry. The main objective of the accord is collaboration with Romanian producers with a view to promoting the Black Sea wine area and boost the wine and vineyard capital of the two countries, which share a joint history, customs, traditions and indigenous ...
Tourism: Number of Romanian tourists in the Delta grows
Tuesday, September 14, 2021
The tourist phenomenon in the Danube Delta recorded in the first 8 months of the year reached the level of 2019, for the number of Romanian visitors, said Catalin Tibuleac, the president of the Danube Delta Tourist Management Association (AMDTDD). The lack of foreign tourists in the reservation led to the drop by 8.8% of the phenomenon recorded in the mentioned period compared to the same interval of ...
Infrastructure: Air passenger transport in Romania declines 26.5pct in H1 2021
Tuesday, September 7, 2021
Air passenger transport in Romania decreased by 26.5% in H1 2021, y-o-y, from 4,077,800 passengers to 2,997,000 passengers, according to centralised data with the National Institute of Statistics (INS).The airports that recorded the highest shares in terms of H1 2021 passenger transport were Henri Coanda - Bucharest, with 985,100 boarded passengers and 948,700 disembarked passengers; Avram Iancu-Cluj-Napoca, with 194,600 boarded passengers and ...
Connecting Europe Express will travel across the EU, Romania included
Tuesday, September 7, 2021
As 2021 has been designated the “year of the railways”, the EU decided that a symbolic train, called the Connecting Europe Express, will cross Europe for more than a month, departing on Thursday from Lisbon and ending on October 7, in Paris. Connecting Europe Express will travel across the EU and stop in most European capitals to promote the many benefits of rail – for passengers, ...
Blue Air announces launch of services from new Iasi base
Tuesday, September 7, 2021
Blue Air announced the launch of services from its new base in northeastern Iasi, starting with next summer and is offering direct and connecting flights to over 23 destinations, according to a release of the company.Blue Air will have one Boeing 737-8-MAX at its headquarters in Iasi and will operate 8 direct flights and over 15 connecting flights in Iasi.Blue Air currently operates direct flights from Iasi to London Heathrow and Bucharest Otopeni. ...
Real Estate: Colliers Repot: Real estate investment down 29 pct, in H1, 2021
Tuesday, September 7, 2021
The value of real estate investment in Romania totaled, in H1 of this year, nearly 290 million euro, a drop of 29 pct over the level of 409 million euro in the first half of the 2020, the transactions in the office space segment representing nearly 66 pct of the volume, shows Colliers in the market report regarding the development of the real estate market in the first half of 2021.According to a report, the Colliers consultants believe that, despite the slowdown, ...
Impact to develop 1.25 million sqm residential constructions in the next 6 years
Tuesday, September 7, 2021
Impact Developer & Contractor (IMP) has published its medium-term development plan on the impactsa.ro website as part of good practices of corporate governance, transparency, ...
Retail parks are the new star of the retail market
Tuesday, September 7, 2021
The first semester of 2021 saw limited deliveries of new modern retail schemes, as the pandemic context triggered delays in the construction process. Also, prices of building materials have soared over the last six months, leading to a slowdown of the planned retail developments, but quite a few medium-large schemes are set to be opened throughout the next few quarters. Overall, out of the c. 121,000 square meters of new ...
Tourism : Tourist accommodation capacity, up by almost 55% in H1
Tuesday, September 7, 2021
The tourist accommodation capacity in operation of the tourist reception structures was, in the first half of 2021, by 54.9% higher compared to the same period last year, according to data centralized by the National Institute of Statistics.In the first six months of the first half of 2021, the hotels held the largest share (59.5%) in the total tourist accommodation capacity in operation, followed by agri-tourism pensions - 14.8%, tourist pensions - 11.7%, tourist ...