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Apex opened the first hotel in Romania

Tuesday, October 22, 2019

Lithuanian group Apex Alliance Hotel Management opened the first hotel in Romania under the Courtyard by Marriott brand on Thursday, October 17, 2019. The four-star hotel, which required an investment of EUR 22.5 million, is located in Bucharest’s main business district (Barbu Vacarescu – Pipera), where some of the biggest international companies operating in Romania have their headquarters. “We target the business segment, entrepreneurs and trailblazers. ...

Real Estate: The surface of modern office spaces delivered in Bucharest could exceed 300,000 sqm, at the end of the year

Tuesday, October 22, 2019

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In the third quarter of 2019, 66,000 sqm of new modern office buildings came online in the Bucharest office market and there are big chances to break the 300,000 sqm threshold, according to real estate consultancy company Colliers International. The ...

Offices and housing for the middle class dominate the market

Tuesday, October 22, 2019

In the context of a heated discussion taking place lately about the local real estate market, data on the first half of 2019 show that only four transactions of over EUR 10 million were closed during this period, and over 70 percent of the total volume of EUR 340 million was generated by just two transactions: The Office in Cluj-Napoca and Prime Kapital’s portfolio of shopping centers. The first half of 2019 showed that there is liquidity in secondary cities for high-quality, ...

Agriculture : Agricultural services contributed 1.4 pct to value of agricultural production at national level, in 2018

Tuesday, October 22, 2019

Agricultural services contributed 1.4 per cent to the overall value of agricultural production at national level in 2018, the National Institute of Statistics (INS) informs.According to INS, the agricultural production index was 107.2 per cent last year, the crop production index was 111.5 per cent and the animal production index was 97.4 per cent. In 2018, the crop production increased between 20.1 per cent in the Western development region and 2.3 per cent in ...

Bread and pastries, the Romanians’ staple food

Tuesday, October 22, 2019

Bread and bakery products represent staple food for Romanians, with  the average consumption reaching 8 kilos on a monthly basis in Romania last year, meaning 96.5 kilos per year, reads a report released by the National Institute of ...

Cars: ACEA: Romanian car market blooms in September, posts increase of more than 118pct

Tuesday, October 22, 2019

The number of new car registrations increased in the European Union (without Malta) by 14.5 per cent in September, to reach 1.24 million, while Romania posted the most significant advance, showed data published by the European Automobile Manufacturers' Association (ACEA).Thus, the Romanian car market saw a growth of 118.2 per cent in September, with 6,046 new cars being registered, compared with 2,771 cars registered in the same period last year. Significant growth was also ...

Telecom. IT: Mobile rates in Romania to drop by 10% as of January

Tuesday, October 22, 2019

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The mobile call rates paid by Romanian customers might decrease as of January, as the telecom market regulator ANCOM proposed to lower the maximum termination fee by some 10% to 0.76 eurocents / minute, starting January 1, 2020, as a transitional measure until a termination fee is adopted at European level most likely by the end of 2020. "ANCOM has proposed, as a transitional measure, to enforce a maximum termination fee of 0.76 eurocents / minute for calls to mobile points, 10% ...

Number of pay TV subscriptions exceed that of households in Romania

Tuesday, October 22, 2019

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Romanians boast high TV ownership rates and they use their TVs rather intensely while the use of online content, although lower, is also impressive, shows the latest study on TV and video consumption habits carried out by SES ASTRA Romania through Mercury Research. The study shows that three out of four Romanians (73%) own an HD TV, and 18% have an UltraHD TV. Moreover, 55% of the respondents stated that they have at least one smart TV, compared to 44% in 2017. At the ...

Infrastructure: TAROM prepares opening long-courier routes to China and USA

Tuesday, October 15, 2019

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TAROM is preparing the opening of long courier flights to China and the US. In October they intend to replace the ATR fleet, transport minister Razvan Cuc declared while attending the signing of the rehabilitation contract for buildings A, B and Rotonda at Aurel Vlaicu, Bucharest Baneasa International Airport. As for replacing the ATR fleet, the minister said the first aircraft  out of the nine planned ones should arrive in October. “TAROM managers informed me that ...

Ploiesti-Brasov highway to be made by Turkish-Chinese consortium

Tuesday, October 15, 2019

The dismissed minister of Transports, Razvan Cuc, has announced that the contract for the Ploiesti-Brasov Highway is ready. It is to be made in public-private partnership by a Turkish-Chinese consortium. The sacked minister said the consortium and the Romanian Prognosis Commission have reached a consensus and they will deliver the contract to kick off the project next week. “We hand it to the next government on a silver plate,” Cuc said. The ...

Tourism: Apex will open first Courtyard by Marriott hotel in Romania

Tuesday, October 15, 2019

The Lithuanian company Apex will open the first Courtyard by Marriott hotel in Romania in the next two weeks. It is an up to 30 million euro investment and two other hotels, Moxy by Marriott and Autograph by Marriott will be commissioned next year, Gerhard Erasmus, CEO Apex Hotel Alliance Management told News.ro. The company also owns in Romania Hilton Garden Inn Bucharest Old Town and Hilton Garden Inn Bucharest Airport, near Otopeni Airport. The hotel is a recently built ...

Healthcare: Social Monitor: Half a million Romanians gave up medical care in 2018

Tuesday, October 15, 2019

Half a million Romanians have up medical care in 2018 because they considered they did not afford it, according to the Social  Monitor, a Friedrich-Ebert-Stiftung Romania project. According to statistics, about 560,000 people needed the services of specialized physicians in 2018 but avoided them because they considered they could not afford the expenses. Of them, 345,000 were women and 213,000 men. 296,000 persons lived in the rural area and 262,000 in the rural area. At ...

Eurostat: Stem cell transplantation in the EU

Tuesday, October 15, 2019

In 2017, over 30 000 patients in the European Union (EU) received healthy blood-forming cells (stem cells) to replace their own that had been destroyed. The highest numbers of stem cell transplants were reported in Germany (7 700), France (5 500), Italy (5 100), the United Kingdom (3 800) and Spain (3 100; 2015 data). Rate of stem cell transplantation highest in Luxembourg To make a sound comparison between countries, the absolute numbers of stem ...

Real estate: Office area market grew by 24% in first three quarter, 2019

Tuesday, October 15, 2019

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The volume of office area rentals amounted to 339,100 sq.m at the end of the first three quarters of the year, 65,430 sq.m more (24%) than in the same period of 2018, according to an ESOP  survey on data centralized by main brokers in the market, which shows that most transactions were made in Bucharest, Cluj Napoca and Timisoara. “The office market remains in a growing trend, it is a period of development and extension both for multinational companies and the local ones. ...

Real Estate investments exceeded EUR 585 M in the first 9 months of 2019

Tuesday, October 15, 2019

The volume of real estate investments in Romania exceeded EUR 585 million in the first nine months, shows the latest research report of CBRE real estate market consultancy firm. The office market attracted more than half of the investments, Bucharest and ...

Telecom.IT: 5G deployment set to unleash new wave of startup innovation

Tuesday, October 15, 2019

With Romania set to announce the winners of the tender for 5G spectrum by year-end, the local startup community could harness the potential of the new generation of wireless technology, which will impact a wide array of industries, ranging from transportation to healthcare and manufacturing, http://business-review.eu reads. The biggest telecom players in Romania have already carried out limited tests on 5G, while globally the main smartphone ...

Cars: Motor vehicles and motorcycles trade up 7.3 pct in January-August

Tuesday, October 15, 2019

Motor vehicles and motorcycles trade advanced 7.3 per cent in January-August 2019, gross series, compared with the same period last year, while services provided to the population posted an increase of 13.4 pct, according to data released by the National Institute of Statistics (INS) on Monday.In January 1-August 31 2019, as against the same period last year, wholesale and retail, maintenance and repair of motor vehicles and motorcycles, series adjusted depending on the number of ...

Slight decrease in registrations of new and second-hand vehicles in first nine months of 2019

Tuesday, October 15, 2019

 The number of new and second-hand vehicle registrations in Romania reached 453,280 units in the first nine months of 2019, down 0.05 percent compared to the same period in 2018, according to the statistics with the Driving Licences and Vehicle Registration Directorate (DRPCIV).According to the data, between January and September 2019, the total number of new vehicle registrations was 124,049 units ( +16.37 percent compared to the first nine months of 2018) and in the ...

Agriculture: Plescoi sausages, sixth EU recognised, protected Romanian product

Tuesday, October 8, 2019

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The European Commission approved the registration of the Romanian product "Plescoi sausages" in the register of the products that benefit from Protected Geographical Indication (PGI), a press release of the community executive informs."According to the procedures to register a name in the Registry of protected designation of origin and protected geographical indication, there was no statement of opposition submitted in the legal term. Thus, according to the terms ...

Ministry of Agriculture: This year, wheat yields, slightly down to 10 mil t; rapeseed down by 900,000 t

Tuesday, October 8, 2019

Romania has this year harvested a bit over 10 million tonnes of wheat from 2.1 million hectares, down by about 80,000 tonnes from 2018, with the best per hectare yield reported by the counties of Giurgiu (5,800 kg), Satu-Mare (5,700 kg) and Timis (5,500 kg), according to data centralised by the Ministry of Agriculture and Rural Development (MADR)."Now we can say that this year's wheat crops from 2.1 million hectares exceed 10 million tonnes, being close to last ...

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