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Tourism : Romanians are booking tours and travel packages for 2024

Tuesday, July 4, 2023

DAL Travel, one of the most well-known tour operators in Romania offering premium travel products, established in 2000 and a member of the National Association of Travel Agencies (ANAT), enthusiastically announces that travel enthusiasts and adventurers are ahead of their time and have already booked tours and travel packages for 2024.   A year before departure, Romanians express an incredible desire to explore the world ...

Vama Buzaului, Romania's eighth ecotourism destination

Tuesday, July 4, 2023

Vama Buzaului, located at the foothills of the Ciucas Mountains, is the eighth ecotourism destination in Romania, having obtained the recognition of the Ministry of Economy, Entrepreneurship and Tourism (MEAT), informs the ministry in a press release."I congratulate the local administration of Vama Buzaului for its firm commitment to promoting sustainable tourism and environmental conservation and protection initiatives! Moreover, this example of good ...

ARO hotel in Brasov to be modernised by an international brand; investment - approximately 11 mln euros

Tuesday, July 4, 2023

One of the emblematic hotels in the city of Brasov, the Capitol, which is part of the Romanian chain Aro SA, will be modernised by an international brand, with an investment of approximately 11 million euros.The Capitol will be rebranded by the Accor group, which will reopen the hotel unit in Brasov under the name Mercure Brasov Center, the representatives of Aro and Accor announced on Tuesday in a press conference, after signing an agreement in this sense ...

Healthcare: Opinion poll: Health a priority for 41.5% Romanians; only 27% remember Gov't measures in the area

Tuesday, July 4, 2023

Romanians consider health a priority (41.5%), however only 27% say they can remember measures proposed by the Governments in the past years, according to the Public Health Barometer, launched on Wednesday, at the Romanian Academy Library.According to the survey, presented by the director of the Larics Sociological Research Center (CCSL), PhD Associate Professor Darie Cristea, of the 27%, 58% recall measures related to the management of the COVID-19 pandemic ...

Infrastructure: The freight transport market in Romania is slowing its growth

Tuesday, July 4, 2023

The road freight transport market recorded a slowdown in the growth rate in the period January-June 2023 compared to the same period last year, against the background of the decrease in volumes, which also generated a stagnation in transport tariffs, an analysis shows, the third largest transport company in Europe.   “If in 2022 the market for road transport of goods grew quite rapidly, this ...

Romanians are increasingly using smaller airports in the country 

Tuesday, July 4, 2023

 Romanians are increasingly using smaller airports in the country, the busiest being, after the Otopeni Airport, the airports in Ias and Cluj, according to the latest data presented by an online travel agency."The most recently opened airport in the country, the Brasov-Ghimbav International Airport, has brought with it many operational challenges, which is why we can currently only talk about a few flights that Romanians can book from Brasov and quite a ...

Tourism : Over 50,000 Romanian tourists travelled to Israel during the first six months of 2023

Tuesday, June 27, 2023

Tourism to Israel has a significant recovery in the first half of the year and the number of Romanian tourists to Israel has registered an impressive increase of 7% against 2019, informs the ministry of tourism of Israel, in a press release.According to the official statistic data, in the first six months of the present year, 50,000 Romanian tourists visited Israel, a remarkable figure which ...

Trade: Luxury market to account for almost 20 pct of Romania's total housing supply in 2023

Tuesday, June 27, 2023

 The luxury market accounts for almost 20% of Romania's total housing supply this year, 90% of which is in Bucharest, say representatives of some real estate companies.About 50% of real estate transactions were made in cash, and developers maintain that more than 70% of them were for medium-high and luxury apartments or for the most expensive homes in a complex, namely the exact opposite of the trend so far, shows data from the National Cadastre and ...

Healthcare: 2 out of 4 middle-aged people in Romania are overweight or obese

Tuesday, June 27, 2023

2 out of 4 middle-aged people in Romania face weight problems, being overweight or obese, and 6 out of 10 are sedentary. The data are part of an analysis carried out by the Romanian application DAHNA – Diet According to the Healthy Heart Nutritional Approach, as part of a cardiometabolic health screening project among the Romanian population.   The DAHNA application is intended for those who will ...

Infrastructure : EU invests EUR 6.2 billion in sustainable, safe and efficient transport infrastructure

Tuesday, June 27, 2023

The Commission has selected 107 transport infrastructure projects to receive more than EUR 6 billion in EU grants from the Connecting Europe Facility (CEF) – the EU instrument for strategic investments in transport infrastructure. More than 80 % of this funding will support projects that ensure a more ...

Real Estate: Colliers: Bank-financed housing acquisitions continue to fall in 2023

Tuesday, June 27, 2023

Rising interest rates have reduced Romanians’ appetite for home mortgages, with the number of apartment transactions falling by almost 30% in Bucharest and Romania’s major cities in the first five months of the year, Colliers consultants note.   Compared to the past four years, when the balance of housing loans grew by an annual average of 10-12%, the annual evolution of housing loan stock is now growing by only ...

The largest business hub in western Romania, in Iulius Town Timisoara

Tuesday, June 27, 2023

The largest business hub in the western part of the country, developed by IULIUS Company in the Iulius Town mixed-use complex, brings together some of the world’s strongest ‘intelligence’ providers in the automotive and technology industry. The four office buildings under the United Business Center (UBC) brand have a leasable area upwards ...

Workers prefer hybrid work and this is hurting the office market

Tuesday, June 27, 2023

by eToro analyst for Romania, Bogdan Maioreanu   Workers do not want to work only from the office, hybrid work is gaining importance and this is putting the commercial real estate sector under pressure, especially the office sector.   The Fed paused the rates but is planning some new increases to contain price pressures. The ECB ...

CBRE:The office vacancy rate recorded in Bucharest is 15.1%

Tuesday, June 27, 2023

The best quality offices continued to have a strong demand on the local market which will determine that the request for development or refurbishment projects remain high, despite overall levels falling, shows the data of CBRE.   The companies are still in search of qualitative upgrades, in Bucharest, despite the slowing down of deliveries, also impacted by the evolution of hybrid working. While in Europe ...

Telecom.IT: Aligning Cybersecurity to business objectives helps drive revenue growth and lower costs of breaches, Accenture report finds

Tuesday, June 27, 2023

* Accenture State of Cyber Resilience 2023 report reveals key traits of “cyber transformers,” who make cybersecurity the cornerstone of their business transformation efforts  Organizations that closely align their cybersecurity programs to business objectives are 18% more likely to achieve target revenue growth and market share and improve customer satisfaction, as well as 26% more likely to lower the ...

Tourism: Non-resident tourists spend in Romania approx. 2,600 lei per person in Q1

Tuesday, June 20, 2023

Non-resident tourists spent an average of 2,632 lei per person in Romania in the first quarter of this year, according to data the National Institute of Statistics (INS) published Friday.The total number of non-resident tourists staying in collective tourist accommodation facilities in the first three months of 2023 was 356,600, with their expenditure totalling 938.5 million lei.Business trips (including participation in congresses, conferences, ...

Cars: Romania's green car market share up by 33.7 pct in the first five months

Tuesday, June 20, 2023

 Romania's green car market share reached 21% of the total in the first five months of the year, and purchases in this category increased by 33.7% compared to the same period in 2022, according to data published Thursday by the Association of Automobile Manufacturers and Importers (APIA).In this range, all-electric vehicles hold a 9% share of the market in the period under review, up from 7.7% in 2022.Purchases of "green" cars performed well ...

Motor trade turnover up 17.1 pct in the first four months of 2023

Tuesday, June 20, 2023

 The turnover in wholesale and retail trade, maintenance and repair of motor vehicles and motorcycles, as unadjusted series, increased by 17.1% in the first four months of 2023 compared to the same period last year, according to data published Friday by the National Institute of Statistics (INS).According to the official statistics, in April 2023, there was an upsurge in the turnover of the trade in motor vehicles (+29.3%), motor vehicle maintenance and ...

Infrastructure: Ghimbav-Brasov International Airport gets inaugurated

Tuesday, June 20, 2023

Ghimbav-Brasov International Airport was inaugurated on Thursday morning, the first passenger aircraft to have landed on the runway belonging to the TAROM airline.The aircraft was piloted by Catalin Prunariu, son of cosmonaut Dumitru-Dorin Prunariu.The inauguration took place in the presence of Senate President Nicolae Ciuca, President of the Brasov County Council and Development Minister-designate Adrian Vestea, Transport Minister Sorin ...

Trade: More than half of Romania's population to use e-commerce by 2025

Tuesday, June 20, 2023

Romania's e-commerce market is becoming increasingly strong in Southeastern Europe, growing faster than the global average of 16.6% per year, reaching a total value of 10 billion euros by 2025, and e-commerce will be used by 54% of the country's inhabitants, according to data from the eBook eCommerce Growth Strategies.The report also notes that revenues from the Romanian e-commerce market will reach 7 billion euros in 2023 and almost 12 billion euros by ...

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