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Healthcare: telemedica, a virtual clinic software product, launched by htss following an investment of over 500,000 euros

Tuesday, August 1, 2023

High-Tech Systems & Software (htss), a company specializing in providing software services for the medical industry, with over 1,000 clients in 11 countries, has launched telemedica – a Software as a Service (SaaS) platform of virtual clinic type, following an investment of over 500,000 euros. The platform targets clinics, medical centers, and public and private hospitals in Romania. Through telemedica, medical units can open new sales channels for medical services, ...

Romania is almost at the bottom of the ranking in Europe in terms of neonatal screening

Tuesday, August 1, 2023

Romania is almost at the bottom of the ranking in Europe in terms of neonatal screening, the president of the Romania National Alliance for Rare Diseases, Dorica Dan, said on last Thursday."Basically, Romania is at the bottom of the ranking in Europe regarding neonatal screening. Screening is done only for three diseases. We also have a pilot project for screening patients with spinal amyotrophy - a pilot project implemented by the Robanescu Hospital in ...

Infrastructure: AirConnect starts operating on Baneasa Airport with inaugural flight to Baia Mare

Tuesday, August 1, 2023

The Romanian-owned airline AirConnect launched its operations from Bucharest Baneasa "Aurel Vlaicu" International Airport, with four daily flights and four arrivals, at prices starting from 50 euros."This is the moment when, in fact, AirConnect consolidates its presence in Bucharest by repositioning itself to a new home, which we hope will be successful and bring our passengers the benefits they are so much looking for and for the moment we could not offer ...

Baneasa Airport registers 10k passengers in first month of operations

Tuesday, August 1, 2023

Henri Coanda (Otopeni) International Airport will register over 14 million passengers this year, so somewhere around the figure recorded in 2019, the best pre-pandemic year, and on Bucharest Baneasa "Aurel Vlaicu" International Airport we expect to reach the one million annual passenger mark quite quickly, in less than a year, Bucharest Airports National Company (CNAB) Spokesman Valentin Iordache said on Monday.Speaking at the conference to launch the ...

Real estate: End of year could bring along relaunch of real estate transactions

Tuesday, August 1, 2023

Real estate in Romania was characterised, in the first 6 months of the year, by the buyers' pridence, with minor adjustments of transaction prices, but the end of 2023 could be marked by a slight amendment of the number of purchases, in thecontext of dropping inflation, according to an analysis. In the opinion of Oriol Casellas Deig, general manager of Meta Estate Trust, a real estate company, inflaiton dropping will encourage the local real estate market by reducing ...

22% increase in gross demand for offices in Bucharest, in first six months

Tuesday, August 1, 2023

 The gross demand for offices in Bucharest increased by 22% in the first half of this year compared to the similar interval in 2022, up to an area of approximately 164,400 sqm, reveals a specialized analysis published on Wednesday.Compared to the second quarter of the current year, the demand almost tripled and exceeded 120,000 sqm.According to iOPartners (JLL Preferred Partner in Romania) data, net demand was only 47% higher compared to the ...

CPI Romania: We’ve had a very fruitful year in terms of office leasing

Tuesday, August 1, 2023

Since the beginning of the year, CPI Romania has signed over 35,000 sqm GLA, which represents 20 percent of the leasing activity for the entire Bucharest office market, while attendance in the group’s office buildings in Bucharest has reached 70 percent. Fulga Dinu, country manager at CPI Romania, talked to Business Review about the company’s plans for its local office and retail portfolio, which totals 590,000 sqm, and the trends shaping its operations in ...

CBRE: Investments in real estate market, down by 43% in first half of the year

Tuesday, August 1, 2023

 The volume of investments in the Real Estate market went down to 183.8 million euros after the first half of the year, 43% less than the same period last year, and 21% of the total volume of investments was directed to the retail sector, in increase by 7% compared to the same year, according to an analysis released by the CBRE real estate investment company.Retail has attracted investments of 39 million euros and is in the top three in terms of ...

Agriculture: Value of agricultural production, down last year by almost 16%, to 109.56 billion RON

Tuesday, August 1, 2023

The value of agricultural production decreased by 15.8% in 2022, compared to the previous year, totaling 109.56 billion RON at current prices, according to data published on Tuesday by the National Institute of Statistics (INS).Plant production decreased last year by 22.8%, to the value of 71.91 billion RON, animal production by 0.5% (34.86 billion RON), while agricultural services increased by 29.2%, recording a value of 2.78 billion RON.In ...

Infrastructure: Braila Bridge – a great leap for Romania and the EU

Tuesday, July 25, 2023

* The new Braila Bridge over the Danube is an engineering marvel which shows that Romania can carry out complex infrastructure projects. It represents another milestone in the efforts of EU Cohesion Policy to enhance territorial integration and promote economic growth in the EU, ...

1,274 CFR Marfa rail cars sold off for 27.92 ml RON in debt repayment effort

Tuesday, July 25, 2023

The liquidation through the National Tax Administration Agency (ANAF) of garnished rail cars of the Romanian rail freight company CFR Marfa began in May 2022 and as many as 1,274 rail cars have been sold and invoiced so far for a total price of 27.92 million RON, CFR Marfa CEO Daniel Postolache told a news conference on Friday."The cars and engines placed under garnishment by ANAF since March 2020 are not used in the company's current activity, they are in conservation, ...

Hungarian businessman builds airport in Harghita for flights from Budapest

Tuesday, July 25, 2023

Hungarian mass media announced the inauguration of a private airport at Remetea, in Harghita, built by one of the richest businessmen in Hungary. Attila Balázs, the creator and builder of the airport, is one of Hungary’s richest men, with an estimated fortune of over 80 million euros.   A passenger plane of the Hungarian airline Aeroexpress was the first to land, as part of a test flight, at the airport still under construction in Remetea ...

Trade: Spirits Romania: Budget revenues from the excise tax on ethyl alcohol decreased by

Tuesday, July 25, 2023

* 2.6% in the first semester, despite the increased excise tax. The phenomenon will intensify if the Government approves new taxes   Budget revenues from the excise tax on ethyl alcohol have decreased by 2.6% in the first semester of 2023 compared to the similar period in 2022 (from RON 379.46 million to RON 369.68 million), despite an aggregate increase of 11% in excise tax in 2022. According to Spirits Romania Association, these figures ...

Real Estate: Luxury real estate in the Pipera area, preferred by foreigners due to low costs and proximity to international schools in the capital  

Tuesday, July 25, 2023

80% of buyers in the first phase of the Bonton Luxury Villas residential project in Pipera are foreigners.   The share of end buyers versus investors is 70% - 30%.   The project is in the second phase of development, of 30 villas, which are in the final stages of completion    The luxury real estate ...

Mortgage lending drops, amid rising housing prices in major cities of Romania

Tuesday, July 25, 2023

Housing in major cities of Romania continued to rise this year, and mortgage lending fell and no longer provided support for transactions, according to financial consultants with Kiwi Finance.Kiwi Finance ended 2022 with a record level of intermediated loans, worth EUR 400 million, up 15 pct, almost five times faster than lending to the population in the banking system as a whole, in conditions of business of about RON 45 million. Of the total loans intermediated by Kiwi ...

Cars: Romania ranks 14th in EU for new car registrations, in the first semester of 2023

Tuesday, July 25, 2023

Romania ranked 14th in the European Union (EU) in terms of new car registrations, in the first semester of 2023, with a volume of 73,645 units, an increase of 25.4% compared to the same period of the previous year, shows the statistics of the Romanian Automobile Manufacturers Association (ACAROM), based on the data of the European Automobile Manufacturers Association (ACEA).According to the cited source, in June of this year, new car registrations in the EU increased by ...

Second hand cars sold in Romania more expensive by 17%

Tuesday, July 25, 2023

The average sale price of second hand cars, have gone up this year by 17% in Romania, compared to the 2022 situation, to 12,800 euros, a market analysis released on Wedneday by an online sales platform shows.   According to data centralised by Instant.ro, Volkswagen, BMW, Audi, Renault and Mercedes, followed by Ford and Skoda are second hand car makes Romanians prefer. In 2023 the buyers' interest focused on gasoline cars, to the detriment of diesel ...

Tourism : Transilvania Investments sells Coroana-Postavaru Hotel for over EUR 9 M

Tuesday, July 25, 2023

Aro Palace SA announces the completion of the sale procedure of Coroana-Postavaru Hotel, informs the company’s majority shareholder, the investment fund Transilvania Investments.   The sales contract was signed on Friday 14 July with the winning company of the public tender. The final price paid by Elevate Properties SRL is EUR 9,367,000.   “The completion of the sale process of Coroana Hotel allows us ...

New 4-star hotel inaugurated in Sovata Spa Resort

Tuesday, July 25, 2023

A new luxury hotel was inaugurated in Sovata spa resort, in Mures county, at the end of last week. Hotel Crystal has 4 stars and is a project initiated in 2021 from the need to raise to a new level the tourist offer of the resort which seems to be reborn from its own ashes after being ignored for a long time. Part of the financing was supported by the Pro Economica Alapítvány Foundation.The new hotel, Hotel Crystal, is located in the center of Sovata resort, ...

Real Estate: Colliers: Romanian real estate market concludes a favorable first half of the year

Tuesday, July 18, 2023

Consistent with the economic deceleration, the Romanian real estate market is displaying signs of moderation across various sectors, although the overall performance remains robust, as outlined by experts from Colliers Romania in their first-half outlook.   The logistics and industrial market offers the most promising results, with leasing activity increasing by about a quarter compared to the same period last year. And in ...

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