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The Real Estate Transaction Volume In Romania Increased By 131% Y-O-Y During H1 2024
Tuesday, August 13, 2024
Romania saw a 131% year-on-year growth in real estate transaction volume during H1 2024, reaching €418 million—the highest growth rate in Central and Eastern Europe (CEE). This surge places Romania third in the region, behind Poland and Czechia, and ahead of Hungary and Slovakia. The retail and industrial sectors drove 90% of this volume, while office transactions represented just 4%, according to Cushman & Wakefield ...
Infrastructure: A new company to deal with large investment projects in road infrastructure no longer necessary
Tuesday, August 6, 2024
The establishment of a new company to deal with large investment projects in the road infrastructure is not necessary anymore, in the conditions in which all the projects included in the operational programmes and in the National Recovery and Resilience Plan (PNRR) are implemented or in the process of being implemented, stated in an interview granted to Agerpres, the general director of National Road Infrastructure Administration Company, ...
Wizz Air to fly from Bucharest to Malmo, Salerno from October
Tuesday, August 6, 2024
The Wizz Air airline will fly from Bucharest and Iasi to Malmo, Sweden, and from Bucharest to Salerno, Italy, from October 2024 according to a press statement released on Friday.From October 29, 2024, Wizz Air will operate flights from Bucharest and Iasi to Malmo twice a week, on Tuesdays and Saturdays, at fares starting at RON 99.Also on the same date, Wizz Air will connect Bucharest to the Italian city of Salerno three times a week, on Tuesdays, Thursdays and ...
Tourism : Survey: Eforie Nord, Eforie Sud tied at the top of Romanian seaside vacationers' preferences
Tuesday, August 6, 2024
The seaside resorts of Eforie Nord and Eforie Sud top the preferences of Romanian Black Sea vacationers with 24.4 percent of the votes, followed by Mamaia with 20.7 percent, shows a survey by online booking platform Travelminit.ro.The resorts of Venus, Saturn and Jupiter, along with the traditional destinations Neptun and Olimp also scored high. Romanians prefer these destinations either because they love the beach (30.3 percent), or because of the advantageous ...
60% of Romanians prefer driving personal cars in 2024 summer holidays
Tuesday, August 6, 2024
6 out of 10 Romanians will use their personal cars in the summer vacation, while 28% will travel by plane 22% of Romanians choose early booking type offers 44% of Romanians prefer topay online for holidays 60% did not benefit from discounts when booking holidays 77% of Romanians are planning to go on vacation this summer, mainly in July and ...
Real Estate: InteRo Begins EUR 1B SkyLight Residence Construction In Obor, Bucarest
Tuesday, August 6, 2024
InteRo Property Development, owned by the Canadian Topolinski investors family, kicks off construction works at its EUR 1 billion, mixed-use project SkyLight Residence in Obor area, resulting upon completion into a 486,000 sqm total built area and almost 28,000 sqm of new green areas and parks in the neighborhood. Phase 1 will deliver 551 apartments within 7 buildings. As construction works will accelerate by the end of this year, the developer plans to have the ...
H1 2024: Industrial & Logistics Demand Doubles New Supply
Tuesday, August 6, 2024
Companies leased 410,500 sq. m of industrial & logistics spaces in H1, a total which reflects a 25% drop when compared with H1 2023. However, the new demand had a share of 52% in the overall leasing volume in the same period (213,500 sq. m), more than double vs. the new supply, according to data from the Cushman & Wakefield Echinox real estate consultancy company. Bucharest attracted 46% of the total take-up in H1 2024 (186,300 sq. m), ...
Trade: EY Future Consumer Index: Consumers return to physical stores for personal service
Tuesday, August 6, 2024
Despite technology transforming consumers’ retail experience, allowing them to seamlessly shop between online, social media, in-app and in-game, 32% of consumers still crave the personal service that only in-store shopping can provide, according to the latest release of data from ...
Taxes applied exclusively to soft drinks have increased shelf price, greatly affected sales volume
Tuesday, August 6, 2024
The volume of soft drinks sold in the first quarter of 2024 decreased by 5% compared to the same period last year, as a result of the introduction of the excise duty applied exclusively to soft drinks with sugar content, the National Soft Drinks Association (ANBR) announced, which brings together the main profile producers in Romania.This evolution is added to a 10% decline in volume recorded in 2023, compared to 2022, as an effect of the VAT increase from 9% to 19%, a ...
Demand for air conditioning equipment increased five times in the first month of summer
Tuesday, August 6, 2024
Because of the heat wave and the thermal discomfort recorded in the last period, Avi Compact reports for the month of June a fivefold increase in sales for the air conditioning systems, compared to the same period of the last year. The estimated average growth rate of sales for air conditioning equipment in the European market is 6%. The residential sector contributed the highest demand for air conditioning systems in June, both by replacing old, underperforming air ...
Real Estate: One United Properties contracts a 20-million-euro increase to the 2021 financing agreement for One Cotroceni Park Office (Phase 1 and Phase 2)
Tuesday, July 30, 2024
One United Properties , the leading green investor and developer of residential, mixed-use, and office real estate in Romania, announces the contracting of a 20 million euro increase in the financing obtained in 2021 for the development of One Cotroceni Park Office Phases 1 and Phase 2. The financing banks for the increase are Banca Comerciala Romana S.A. and BRD Groupe Société Generale S.A. The purpose of the increase for One Cotroceni Park Office Phase 1 and Phase 2 is ...
Local market dominated by sustainability and mixed-use development trends
Tuesday, July 30, 2024
For residential, the Nearly Zero Energy Building (nZEB) is a transformative design where developers build projects that are more energy efficient, reducing gas emissions with increased insulation and solar panels. Such projects are using renewable energy and lowering the cost and use of energy resources. “Buyers and investors alike are increasingly prioritising buildings that incorporate green technologies, energy-efficient systems, and sustainable ...
Agriculture: Approximately 22 million forest saplings, planted by Romsilva in spring afforestation campaign
Tuesday, July 30, 2024
About 22 million forest saplings were planted in the forest fund, the public property of the state, in the spring afforestation campaign, informs the National Forestry Agency (RNP) - Romsilva, in a press release sent on last Thursday.At the same time, Romsilva announces that it has regenerated, naturally or artificially, 10,552 hectares of forest land, 17% above the planned schedule. Of this total, 7,462 hectares of state-owned forestry were naturally regenerated, ...
Value of Romania's agricultural production nears RON 110 bn in 2023
Tuesday, July 30, 2024
The value of Romania's 2023 agricultural production was 0.6 percent higher compared to the year before, standing at RON 109.89 billion in current prices, shows data released on Thursday by the National Institute of Statistics (INS).The crop production increased in 2023 by 2.1 percent to RON 66.26 billion in comparable prices, agricultural services advanced 0.4 percent to RON 2.97 billion, while animal production decreased 2.5 percent to RON 40.65 billion.There ...
ANSVSA: Sheep exports to third countries to carry on, yet tighter controls set in place
Tuesday, July 30, 2024
Sheep exports to third countries are not and won't be halted, as the authorities and businesses are working together for compliance with all the regulations and requirements necessary for trade to carry on, the National Veterinary and Food Safety Authority (ANSVSA) announced on Wednesday following a meeting with representatives of sheep breeders, exporters and transporters, amid the confirmation of new outbreaks of peste des petits ruminants (PPR), also known as the sheep and goat ...
Trade: Jan - May wholesale turnover dips almost 1 pct YoY
Tuesday, July 30, 2024
Romania's wholesale turnover (except for trade in motor vehicles and motorcycles) over January - May 2024 was 0.8 percent down in unadjusted terms from the year-ago period, but stayed flat when expressed in adjusted terms, the National Institute of Statistics (INS) informs on Wednesday.According to statistical data, the year-over-year decline, unadjusted, in the wholesale turnover was mainly the effect of the downward trend in wholesale intermediation (-12.5 percent), ...
Local e-commerce sales advance 9 pct in H1
Tuesday, July 30, 2024
Online sales in Romania in H1 2024 were more than 9 percent higher compared to the same period of the previous year, according to a specialist survey released on Wednesday by local SaaS-based e-commerce platform MerchantPro.According to data centralized in the report, the positive dynamics is mainly due to developments in the second quarter, when online sales rose by over 12 percent. In terms of orders placed by customers in the first half of 2024, the growth ...
Romanians Spent $34 Billion At Grocery Stores Last Year
Tuesday, July 30, 2024
In 2023, Romanians spent $33.6 billion in grocery stores and $319 million in online food retail, according to a US Department of Agriculture (USDA) analysis. Food retailers continued to dominate the retail market in terms of value in 2023 as well, with Romanians traditionally allocating a significant portion of their monthly spending to food. Thus, last year, consumers left $33.6 billion in physical grocery stores, 46% more than a ...
Healthcare: Herdea(CNAS):When talking about localities not covered by doctors,we're talking about local authorities' weak involvement
Tuesday, July 23, 2024
The chairwoman of the National Health Insurance House (CNAS), Dr. Valeria Herdea, spoke on Friday, at the activity balance of the six months since taking over the mandate, about the depopulation of the medical system due to the "weak involvement" of the local authorities, who, in her opinion, "do not assume" the provision of decent conditions."When we talk about localities not covered by doctors, we are talking about localities where, perhaps, the ...
Number of employees in healthcare system down by 1,600; total estimated shortfall - over 20,000
Tuesday, July 23, 2024
Save RomaniaUnion party (USR - opposition) accuses Health Minister Alexandru Rafila that in the three years in office "he has not solved any of the problems" of the health system, including the staff "crisis".Save Romania Union calls for the "urgent dismissal" of the minister, mentioning that six months after the government "boasted that it was solving the staff crisis in the public health system", it has not only not been solved, but ...