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Colliers: The Bucharest office market recovery continued at the start of 2022

Tuesday, May 24, 2022

The first quarter of 2022 saw a delivery of a bit over 70,000 square meters in new modern office spaces in Bucharest, taking the overall stock closer to 3.3 million square meters.   Despite the new uncertainties, caused by the pandemic, the shocks in the global economy and the Russian invasion in Ukraine, companies active on the Romanian real estate market went ahead with their leasing decisions, contracts were signed and ...

Tourism : Six beaches in Navodari, Mamaia, Eforie and Olimp awarded Blue Flag eco-label for 2022

Tuesday, May 24, 2022

Six beaches in the seaside resorts of Navodari, Mamaia, Eforie and Olimp - one more than in 2021 - were awarded the Blue Flag certificate for 2022 by the Environmental Education Foundation (FEE), the Ministry of Entrepreneurship and Tourism informs."Based on the provisions of Government Decision No. 335/2002 on specific measures for the implementation in Romania of the Blue Flag Program, with all subsequent amendments and additions, Romania, through the Ministry ...

Healthcare: Integrated Transplant Center to be built in Cluj with EUR 200 million

Tuesday, May 24, 2022

Cluj County Council announced on May 17 that the tender for the construction of an Integrated Transplant Center in Cluj would be launched this month. The investment is estimated at EUR 200 million.According to the local authorities, this is a unique project in Romania and Southeast Europe.   "In the beginning, the costs of the actual construction of the only Integrated Transplant Center in the country and Southeast Europe ...

Infrastructure: Timisoara Airport’s new terminal to be completed by end-2023

Tuesday, May 24, 2022

The Traian Vuia International Airport of Timisoara, western Romania, will have a new passenger terminal for international departures. The design and construction contract was signed on May 17, and the Romanian builder must complete the works by December 31, 2023, transport minister Sorin Grindeanu said.    The contract has a value of RON 88.99 million (some EUR 18 million), excluding VAT, and was awarded to the builder ...

Gov’t operationalized aid scheme for economic operators of road and freight transport

Tuesday, May 24, 2022

Prime Minister Nicolae Ciuca announced that the Executive operationalized the aid scheme for economic operators of road and freight transport ."The aim of the bill is to establish a state aid scheme to support enterprises affected by the crisis by mitigating the economic effects of the armed conflict in Ukraine. The proposed state aid scheme is not applicable to companies operating in the field of processing and trade of agricultural products. The measure ...

KEYSFIN ESTIMATE: THE TURNOVER OF local FREIGHT carriers, RECORD LEVEL of over LEI 75 billion IN 2021

Tuesday, May 24, 2022

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The turnover of local freight carriers decreased marginally in 2020, by 0.7% compared to 2019, but remained 36% above the 2016 level, to almost lei 66 billion.   “If in 2020 we saw the marginal decrease in turnover based on the change of consumer behaviour (more food retail items at the expense of durable goods) generated by the COVID-19 pandemic, for 2021 we estimate not only a recovery, but a significant advance ...

Oradea Airport resumes flights

Tuesday, May 24, 2022

Bihor County Council announced that passenger flights at Oradea Airport in northwest Romania resumed this past Sunday. Flight operations were suspended between May 2 and May 15 due to work on the taxiway connecting the airport runway to the future cargo terminal. According to the quoted source, more than 60 meters of the new taxiway's 276 meters have been completed.   "In the last two weeks, work has been done at a very ...

Telecom. IT: Number of fixed Internet connections exceeds 6 M threshold

Tuesday, May 24, 2022

The number of fixed internet connections exceeded the 6 million threshold in the second half of 2021, which means that three quarters of households benefited from fixed internet at the end of the year, according to a report of the National Authority for Administration and Regulation in Communications (ANCOM).Of the 410,000 new connections in 2021, the activation of 250,000 connections in rural areas has led to the penetration of 64pct of households, compared to ...

Only 5% of all completed digitization projects is used in the Romanian public sector

Tuesday, May 24, 2022

Only 5% of completed digitization projects, with application in the Romanian public sector, are actually used and continue to be developed and benefit from maintenance services – are the conclusions of an analysis of OVES Enterprise, a Romanian software development company, established, in 2015, in Cluj-Napoca.   The cumbersome procedure, red tape, lack of specialists for project analysis, long duration of the tender ...

Agriculture: Romania has the most wine farms in the EU, but also the smallest

Tuesday, May 24, 2022

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Romania had 844.015 vineyards in 2020, equivalent to 37,9% of the 2,2 million vineyards that existed throughout the European Union, Eurostat data shows on Friday. The large majority of the vineyards in the EU are very small, 83.3% of them having a surface under one ha. This is valid especially in Romania, where a vineyard is, on average, 0.21 ha, the smallest surface in the EU ...

Agriculture: Corteva Agriscience extends sunflower seed production in Romania with 14 million euro investment

Tuesday, May 17, 2022

Corteva Agriscience completed a 14 million euro investment in the production unit in Afumati, Ilfov, one of the most modern Corteva production facilities in the world and the largest seed processing station in Romania.   The investment project, consisting of a new deposit and conditioning unit, will allow Corteva Agriscience company to shorten the supply chain, to increase the reaction and delivery ...

Law facilitating investments in irrigation systems from national and European funds promulgated

Tuesday, May 17, 2022

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President Klaus Iohannis promulgated on Friday, the law amending and completing the Land melioration law no. 138/2004 and the amending of article III, paragraph (1) and (3) of law 269/2015 approving government emergency order 4/2015 amending government emergency order 83/2011 on certain organization measures for land melioration, the Presidential Administration informs.   The document mentions ...

Livestock existent on December 1, 2021

Tuesday, May 17, 2022

• In 2021, the cattle, pig and sheep and goats livestock decreased compared to 2020. • Romania ranked third in the hierarchy of the European Union member states for the sheep and goats livestock.   The total number of cattle and the origin livestock (milk cows, buffalo cows for reproduction and heifers for reproduction) decreased on December ...

Real Estate: Hagag Development invests over EUR 20 mln in new residential project in Bucharest

Tuesday, May 17, 2022

Real estate developer Hagag Development Europe announced that it would invest more than EUR 20 million in a new upper-premium residential project in Bucharest. Currently in the design phase, H Primaverii 1 will rise above a 1,360 square metres plot of land and showcase, once completed, more than 4,000 square metres GBA of residential units and commercial ...

Infrastructure: Gov't: 126 million RON investment to modernize and develop Braila Harbor

Tuesday, May 17, 2022

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 The Government approved, on Wednesday, the technical-economic indicators for a project to modernize and develop Braila Harbor, the total value of investments being 126.8 million RON, VAT included, announced Dan Carbunaru, the Executive's spokesperson.The investments entail harbor infrastructure works on the Danube operation front adjacent to the jetty.According to Carbunaru, the objective of these works is to offer optimum conditions for ...

Iasi International Airport to receive over 300 million RON investments

Tuesday, May 17, 2022

 Iasi International Airport will receive financing worth over 300 million RON to build a new passenger terminal and to reconfigure the network of access roads and parking spaces, announced the Minister of Transport and Infrastructure, Sorin Grindeanu."The financing contract was signed for the project to develop Iasi International Airport! We can thus extend the passenger terminals and the parking facilities of this airport. The total eligible value of ...

Cars: Registration of "electrified" cars up 131.1pct in Jan-April

Tuesday, May 17, 2022

Car registrations in Romania increased by 36pct in the first four months of 2022, compared to the same period last year, while "electrified" versions jumped 131.1pct, according to data published on Wednesday by the Automotive Manufacturers and Importers Association (APIA)."After the important evolution the first three months, April 2022 comes with an increase of only 7.4pct in car registrations compared to the previous year, an increase registered after 4 ...

Healthcare: KEYFIN ESTIMATES: The ROMANIAN private health care SERVICES, RECORD LEVEL in 2021

Tuesday, May 17, 2022

The turnover of the Romanian private medical services market rose by 11% compared to 2019 and exceeded the 2011 level by 312%, reaching lei 15.4 billion in 2020, according to the latest KeyFin analysis. For 2021 KeyFin analysts estimate lei 17 billion threshold to be exceeded, due to the testing process and the increased demand for private services, in the context of re-directing efforts of public hospitals to treating COVID-19 ...

Trade: KEYSFIN ESTIMATE: The Romanian food retail turnover could exceed 142 billion LEI in 2021

Tuesday, May 17, 2022

The food retail turnover increased by almost 10% compared to 2019 and was 97% above the 2011 level, reaching the level estimated in last year’s analysis dedicated to this market, of almost lei 130 billion in 2020. For 2021, KeysFin analysts estimate exceeding the lei 142 billion threshold, due to the increased demand but also to the heightened inflationary pressures.   The food retail industry had a ...

The soft drinks industry contributed over 3,65 billion euros to Romania’s economy in 2017-2020

Tuesday, May 17, 2022

The soft drinks industry contributed over 3.65 billion euro to Romania’s economy in 2017 – 2020 out of which one billion euro direct gross added value, shows a study Deloitte Romania commissioned by the National Association of Soft Drinks.   The study ‘ The economic impact of the soft drinks industry in Romania’ shows that the soft drinks industry is developing, fact which is shown ...

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