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PM Ludovic Orban: Transport infrastructure investments to connect Galati and Braila Counties to Pan-European Corridors 4 and 9

Tuesday, September 29, 2020

Prime Minister Ludovic Orban said on Wednesday that through investments in transport infrastructure that will be made in the next 5-6 years, the southeastern counties of Galati and Braila will be connected to Pan-European transport Corridor 4 and Corridor 9."Our idea is to implement a project to connect the Galati - Braila metropolitan area with all important transport networks. Investments in the transport infrastructure in Galati and Braila, in the next ...

AKTOR signs €573 million railway project in Romania

Tuesday, September 29, 2020


AKTOR signed a contract for a €573 million (excluding VAT) railway project in Romania, as leader (60%) of a consortium with ALSTOM (20%) and ARCADA (20%), a statement sent to ACTMedia informs.   The contract was signed on Tuesday, September 22, in Bucharest, between the General Director of the National Railway Company of Romania (CFR) Mr. Ioan Pintea and the CEO of AKTOR Mr. Alexandros Exarchou, in a ...

Cluj-based "Avram Iancu" International Airport first in Romania to obtain the ACI Airport Health Accreditation

Tuesday, September 29, 2020

Cluj-Napoca-based "Avram Iancu" International Airport is the first in Romania and among the first in Europe to obtain the "Airport Council International Airport Health Accreditation", especially for anti-COVID-19 measures."Avram Iancu International Airport in Cluj is the first airport in Romania and also among the first in Europe to obtain the "Airport Council International Airport Health Accreditation." The accreditation was obtained as a result of the ...

Real Estate: Only 13% of the 9.1 million residences were built in the last 30 years

Tuesday, September 29, 2020

Approximately 1.22 million new residencies were built in Romania between 1990 and 2019, representing only 13.4% of the total dwellings stock calculated by the National Institute of Statistics, so the residential stock is mainly composed of apartments built under the communist regime, having a low degree of comfort in most cases, according to an analysis realised by Cushman & Wakefield Echinox real estate consulting company. In only three ...

Study: specialists estimate a drop in price for flats between 5 and 10%

Tuesday, September 29, 2020


The specialists estimate a correction between 5 and 10% of the price for flats in Romania, depending on the market/town and on the sector of rentals 28% of the interviwees in a study about the impact of Covid-19 on the real estate market estimate drops both in the rural area and in the urban one, according to RE/MAX Romania, part  of the world group in real estate and franchise no.1 at global level. The company presented the results of a study ...

Trade: Bulgaria and Romania, the most reduced use of e-commerce in the EU

Tuesday, September 29, 2020


More than half (60%) of the adults in the EU aged between 16 and 7 used the internet to order goods and services in 2018, the lowest percentage being in Bulgaria, Romania and southern Italy, show the data published on Friday by the Eurostat ( the European Office for Statistics).Among the NUTS 2 regions ( the roster of statistics territorial units) in the EU, the  highest percentage of citizens who had online ...

Cars: Dacia car sales in Europe dropped by 34% in August

Tuesday, September 22, 2020


Dacia car sales recorded a drop of 34% in Europe in August, while the car manufacturer's market share dropped to 3.9% from 4.8% (in the same period of 2019), according to ACEA statistics released on last Thursday.Statistic data are available for EU states, UK and EFTA countries – Iceland, Liechtenstein, Norway and Switzerland.   Dacia car registrations in Europe amounted to 34,112 units last month, ...

Romania and Estonia recorded the most significant car sale decline in Europe

Tuesday, September 22, 2020

New car registrations in Europe dropped by 17.6% in August, to 884,394 units, while Romania and Estonia reported the most significant decline, according to data published by ACEA.   In August, the car market in Romania recorded a drop of 51.9%, with 11,157 cars registered against 23,177 cars in the same period of 2019. Estonia reported a decline of 42.3% last ...

Turnover in motor vehicles, motorcycles trade down 14.2pct in Jan-July

Tuesday, September 22, 2020

Romania's volume of turnover in motor vehicles and motorcycles trade decreased, between January 1 and July 31, 2020, compared to the similar period of 2019, both as gross series, by 14.2 per cent, and as a series adjusted according to the number of business days and seasonality, by 13.6 per cent, according to data published on Tuesday by the National Institute of Statistics (INS).The market services provided to the population, gross series, in the period January 1 ...

Real Estate: P3 Logistic Parks leased out a total of 58,637 m2 of logistic and office space in the first half of 2020

Tuesday, September 22, 2020

P3 Logistic Parks (“P3”) announces it leased out, in the first half of 2020, a total of 58,637 square meters of logistic and office space to clients such as Gebrüder Weiss Romania, Interbrands Marketing & Distribution, Logwin or Just Master Activities. Of the total number of transactions, 52% of the surface (30,466 m2) is represented by new long-term contracts, 38% are prolongations of existing contracts (22,420 m2), and the remaining 10% (over 5,700 m2) ...

The residential market showing resilience to the COVID-19 crisis

Tuesday, September 22, 2020

New housing has become more expensive in European countries over the last few years, including in 2019. Among the 23 countries participating in the Deloitte Property Index Study, 20 showed growth in prices of new dwellings and only three of them saw a price drop. Romania was among the former, with a price increase of 8.1 percent in the first quarter of the year. Experts in the residential real estate market expected the growth trend to continue in ...

Healthcare: PwC Romania: Limiting interaction means reconsidering market strategy and sales force in pharmaceutical industry

Tuesday, September 22, 2020

Limiting interaction means reconsidering market strategy and sales force in pharmaceutical industry and the number of medical representatives could drop by 10% to 30%, according to a PwC Romania press release.   “Prior to six months ago most interactions between physicians and pharmaceutical companies were face to face and often involved trips of hundreds of kilometers. Social distancing and ...

Tourism: Over 4.2 million euros returned to customers affected by flight cancellations this year

Tuesday, September 22, 2020


Over 4.2 million euros were paid back to customers affected by flight cancellations this year, offering at the same time various solutions to recover the said amounts, according to a statistic made by one of the online travel agencies in Romania.   According to Vola.ro, during the emergency state, about 95% of their customers' flights were canceled, 41,739 customers being affected by these changes. Of ...

Infrastructure: Maritime freight transport, down 4.9% in first half of 2020

Tuesday, September 22, 2020

Maritime port freight recorded a decrease of 4.9% in the first half of 2020 compared to the similar period of 2019, in the context in which there was an increase of 10.7% in goods loaded and a decrease of 17.7% in those unloaded, according to data centralized by the National Institute of Statistics (INS).Goods loaded and unloaded in ports where seagoing vessels are operated totaled 23.099 million tonnes in the first half-year, of which 10.934 million tonnes ...

Real Estate: Consultants: Romanian Investment Market shows resilience in the face of the pandemic

Tuesday, September 15, 2020

The recent transactions closed in the last weeks, with a total value of 400 million euros, demonstrate that the investment market in Romania remains strong and attractive even in the Covid-19 pandemic period, Romania no longer being just seen as just a fringe market of Central Europe, according to Cushman & Wakefield Echinox real estate consultants.  The joint-venture of Resolution Property and Zeus Capital Management recently acquired ...

Demand on real estate market increases by 15% in August

Tuesday, September 15, 2020

Demand on the real estate market increased by 15% in August compared to January, after a sharp decrease of almost 70% at the end of March, in the context of the Covid-19 epidemic, and Cluj-Napoca still ranks first in a price list, according to a press release of a specialized company.After a promising year start, with an 11% accelerated growth in the first quarter in terms of demand dynamics compared to the same period of the previous year, market ...

Resolution Property and Zeus Capital Management acquired Floreasca Park in Bucharest

Tuesday, September 15, 2020

Resolution Property and Zeus Capital Management have recently acquired Floreasca Park, a ca. 40,000 m2 office campus in the heart of Bucharest. The property was sold to the joint venture by a fund managed by GLL Real Estate Partners GMBH (a member of Macquarie Group). Floreasca Park is Resolution’s first investment in Romania and Zeus’ fifth investment in the Bucharest real estate market, and represents the first acquisition of ...

Tourism: The capacity of touristic accommodation was 5.9% lower in Q1 than the same period of 2019

Tuesday, September 15, 2020


The touristic accommodation capacity was in Q1 2020 by 54.9% lower than in the similar period of last year, according to the centralised data of INS.In the first six months of 2020, hotels had the highest share of 60.2% as a total of touristic accommodation functioning, being followed by agro-touristic pensions (13.1%), touristic pensions (12%), touristic villas (4%),hotels (3.8%),motels (3.2%) and the rest of structures with touristic accommodation ...

Agriculture: European Commission approves 7.4 million-euro Romanian scheme to support bovine breeding sector

Tuesday, September 15, 2020

The European Commission on Wednesday approved a 7.4 million-euro (approximately 35.7 million lei) Romanian scheme to support companies operating in the bovine breeding sector that are affected by the coronavirus outbreak.According to a press statement released by the commission, the scheme was approved under the State aid Temporary Framework. Under the scheme, public support will be provided in the form of direct grants.The aim of the scheme is ...

Infrastructure : Railway line connecting train station to Henri Coanda International Airport is 97% completed

Tuesday, September 15, 2020

The railway line Gara de Nord [North Train Station] - Henri Coanda International Airport is 97% completed, CFR SA announced on Wednesday.According to a company's release, the new railway to the airport starts from the connection area (former Halta Odaile) on about 600 meters, the route continues with a consolidation area of 900 meters in length and a viaduct of 1.52 kilometers, which crosses National Road 1, to the new passenger station, from the Henri ...

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