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Trade: The local toy market is growing spectacularly based on the rising appetite of Romanians

Tuesday, June 4, 2019

The spectacular technological advance has created a significant boost in the gaming and toy market. According to a KeysFin analysis, due to the economic growth and significant diversification of consumer habits, Romania has become an extremely attractive market for toy companies. Gaming and toy business (manufacturing and trade) rose by more than one-third compared to 2016, and by 344% from 2013, to 950 million lei in 2017. The evolution was stimulated by the offer expansion and ...

Analysis: Romania's refreshments market, estimated at 6.5bn lei in 2019

Tuesday, June 4, 2019

The market for refreshments in Romania could exceed this year the level of 6.5 billion lei, by 40pct higher than 10 years ago, through the over 800 companies registered in this sector, shows a specialist analysis published on Friday.According to the Frames analysis, the number of bottlers of mineral water and refreshments almost doubled since 2010 from 437 to over 800 in 2018 (preliminary data), after which in 2017, as many as 767 firms reported financial data.In this ...

Real Estate: Shikun & Binui continues residential project started by Rothschild in northern Bucharest

Tuesday, June 4, 2019

Rothschild financial group, which has been active in Romania through the investment fund EdR Real Estate (Eastern Europe), will completely exit the local property ...

Real Estate: Analysis: Record housing under construction in Bucharest, with over 20,000 units, particularly middle market

Tuesday, May 28, 2019

2018 was the most prolific in the history of the residential market in Bucharest and its surroundings, establishing a new post-Revolution record, with 11,272 completed dwellings, but 2019 could bring a new maximum, with 14,000 units that could be handed over, reveals a report by a real estate consultant.At present, more than 20,000 homes are currently in different stages of actual construction in Bucharest and neighboring localities, representing an absolute ...

Alinso Group to enter Bucharest office market

Tuesday, May 28, 2019

Belgian real estate developer Alinso Group, the fifth largest owner of industrial and logistics spaces in Romania, plans to enter the Bucharest office market as well by acquiring existing buildings or developing new ...

Infrastructure: Transport Ministry: 115 km of highway built over 2017-2019; 180 km to be built in 2019

Tuesday, May 28, 2019

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115 km of highway were built in the last two years, 2017-2019 and the value of projects launched by the National Company Managing Infrastructure amounts to 7 billion lei, according to a report presented by transport minister Razvan Cuc. The absorption of European funds over the same period was 593.05 million euro. The most important projects launched by CNAIR in the last two years include Sibiu-Pitesti Highway (123 km of 3.4 ...

Bucharest Airports Company invests 12.7 million lei to expand boarding platform

Tuesday, May 28, 2019

Bucharest Airports Company (CNAB) will invest 12.7 million lei to expand the area of boarding platform no.1. Works will be completed in the second half of September 2019. It is one of the first results of the short term action program implemented by the new CNAB management. CNAB recorded air traffic of 2.99 million passengers and 32,098 airplanes landed or took off in the first three months of the ...

Telecom. IT: Average mobile Internet traffic doubled to 2.6 GB/month/person in 2018

Tuesday, May 28, 2019

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The National Communications Administration and Regulation Authority (ANCOM) announced that Romania exceeded 5 million fixed Internet lines, of which 2 millions are optic fiber, while the average mobile Internet traffic doubled to 2.6 GB/month/person. 2018 was the second year on a row when the average mobile Internet traffic doubled, reaching 2.6 GB/month/person. According to the number of active mobile Internet ...

ANCOM: Subscriptions for TV services grew by 3% in 2018

Tuesday, May 28, 2019

The number of TV subscriptions grew by 3% last year, at the same time with a slight increase of 1% of national traffic in mobile telephone networks, according to an National Communications Administration and Regulation Authority (ANCOM)  press release. “The number of subscriptions for TV services has continued to grow, reaching 7.64 million subscribers. National traffic in telephone networks is slightly dropping but roaming traffic is rising ...

Cars: Over 190,000 new and second hand cars registered in Romania in the first 4 months

Tuesday, May 28, 2019

The number of new and second hand cars registered in Romania in the first 4 months exceeded 190,000 units, of which 145,823 are in the second hand category, according to DRPCIV statistics. Reported to the January-April 2018 period, car registrations dropped by 1.57% this year. According to statistic data, the overall number of new car registrations was 44,527 units, on the rise by 22.76%, compared to the first 4 months of 2018 ...

Healthcare: Regina Maria takes over Première hospital în Timisoara

Tuesday, May 28, 2019

Three years after it first entered the Timisoara market, private healthcare network Regina Maria has announced that it has taken over Première hospital, the largest multidisciplinary private hospital in the west of Romania. Première hospital’s medical team is highly specialized in obstetrics, gynecological surgery, fetal surgery, orthopedics, neurosurgery and general surgery. “We found Première ...

Real Estate: Globalworth to develop EUR 35.5m logistics project in Romania

Tuesday, May 21, 2019

Globalworth leading office investor operating in Romania and Poland is rebranding its industrial space portfolio to Global Logistics as part of its strategy to consolidate its position in this fast-growing market and announces a new project near Bucharest with an ...

Real estate market: 110,000 square meters were leased in Bucharest in Q1, 2019

Tuesday, May 21, 2019

The largest area traded on the real estate market in Romania in the first quarter of the year is in office buildings in Bucharest, where 110,000 square meters were leased, according to a special analysis conducted by a CBRE. On a general level, the modern office space inventory reached 3 million square meters, of which 51 percent are in Class A projects. “In the first three months of the year, ...

Bucharest has over 70,000 sqm of co-working spaces

Tuesday, May 21, 2019

The total surface taken up by co-working spaces in Bucharest has increased rapidly over the past years, especially driven by the development of the IT industry, and now reaches over 70,000 sqm, according to economica.net. Flexible offices appeared for the first time in Bucharest in 1998, from ...

Crisis in Romanian real estate market: the number of transactions dropped by 22 pct in Q1 2019

Tuesday, May 21, 2019

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The number of transactions in the Romanian real estate market declined by by 22 percent year-on-year in the first quarter of this year to 116,109, according to Imobiliare.ro. The analysis shows that the drop can be a consequence of the fact that in January and February the First House (Prima Casa) government-backed programme didn’t start – and Prima Casa still covers a big part of the house market demand. In Q1 2019, ...

Agriculture : Romania becomes a major grain producer and exporter in the EU

Tuesday, May 21, 2019

Romania consolidates its position as a major producer and exporter of cereals in the European Union as it registered good crops during the last couple of years. Last year, Romania was the third producer of cereals in the EU, after France and Germany, with 31.2 million of tonnes. The eastern European country is now the biggest producer of corn and sunflower seeds within the EU, with total output of almost 19 million tonnes of ...

Area of virgin forests in Romania, in dedicated catalogue, increases to 6,947 ha

Tuesday, May 21, 2019

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The area of virgin forests in Romania, registered in the dedicated catalogue, grew by 1,048 hectares, up to 6,947 hectares, while quasi-virgin forests, according to the same document, cover an area of approximately 22,116 hectares, the Ministry of Waters and Forestry (MAP) announced in a press release on Tuesday.With the new figures, the relevant ministry states that it has completed a new phase of analysis of the forests of great value in Romania and that it has ...

Tourism : Over 265,000 arrivals of tourists registered in Bucharest in first two months of 2019

Tuesday, May 21, 2019

The number of arrivals of tourists in Bucharest in the first two months of 2019 amounted to 265,160, of which about 96 percent (253,840 arrivals) were arrivals in hotels, according to data centralized by the National Institute of Statistics (INS). As many as 3,114 tourists arrivals were registered in villas, 1,046 arrivals in boarding houses and 50 in motels. The number of overnight stays in the mentioned period was 452,440, of which 428,997 overnight stays ...

Workforce shortage in tourism reaches 150,000 people

Tuesday, May 21, 2019

The workforce shortage in tourism is at 150,000 people at the moment, says Dragos Anastasiu, the vice president of the National Association of Tourism Agencies (ANAT).  According to Anastasiu, importing workers from countries such as Nepal or Vietnam is only a short-term solution and does not solve the fundamental problem of the labor shortage Romania is facing. However, labour shortages exist across the entire economy, and ...

Accor and Orbis plan to open 10 new hotels in Romania by 2022

Tuesday, May 21, 2019

Romania is a key market for Accor and its strategic partner in Eastern Europe, Orbis Group. There are 11 hotels operating throughout the country today, under Accor brands: Pullman, Novotel, Mercure, ibis and ibis Styles – and the development pipeline comprises 10 more hotels, that will bring 1450 new rooms to the market by 2022. In 2018, Orbis has reinforced its commitment to the Romanian hospitality by purchasing Mercure Bucharest Unirii for EUR ...

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