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Economic

EximBank, Agricost sign agreement worth 2.8mln euros for investment in Big Island of Braila holding

Tuesday, October 8, 2019

A financing agreement worth 28.8 million euros was concluded between EximBank and Agricost SA - the administrator of the farm holding on the Big Island of Braila, the largest integrated farm system in the European Union (EU), with the purpose of acquiring high-performance agricultural equipment and expanding the irrigation structure in this area, EximBank announced in a release issued on Monday .In 2018, Agricost was taken over by the Al Dahra group in the United ...

Real Estate: Eurostat:The price of housing increased in Romania as in the EU, in the second quarter of 2019

Tuesday, October 8, 2019

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House prices, as measured by the House Price Index, rose by 4.2% in both the euro area and the EU in the second quarter of 2019 compared with the same quarter of the previous year. These figures come from Eurostat, the statistical office of the European Union. Compared with the first quarter of 2019, house prices rose by 1.7% in the euro area and 1.6% in the EU in the second quarter of 2019. House price developments in the EU Member States ...

Lion’s Head Investment eyes more office projects in Romania

Tuesday, October 8, 2019

South African investment fund Lion’s Head Investments, a company resulted from the merger of Old Mutual (the oldest insurance company in South Africa) and AG Capital, is negotiating the acquisition of more office buildings on the Romanian market, after the Oregon Park acquisition last ...

One United has EUR 220 mln office projects under development

Tuesday, October 8, 2019

Romanian real estate developer One United Properties has office projects totaling 150,000 sqm under development or in the pipeline in Bucharest, to be completed in the next five years. The total investment in these projects amount to EUR 220 million, One United co-founder Andrei Diaconescu said in a meeting with the press, ...

Survey: developers predict residential prices in Romania will grow this year

Tuesday, October 8, 2019

According to a survey conducted by real estate exhibition Imobiliarium among the developers who will be present at the Baneasa fair from October 11-13, 60 percent of developers expect price increases of up to 10 percent per square meter in the next year. On the other hand, about 30 percent of them said that prices would stagnate, while 10 percent think they will fall. According to developers, the biggest impediments encountered ...

RU Shalit pour EUR 10 mln in luxury apartments in Bucharest

Tuesday, October 8, 2019

Real estate developer RU Shalit, founded in Israel by entrepreneurs Rivka and Uriel Shalit, plans to build a tower with 50-60 luxury apartments near Free Press House (Casa Presei Libere) in the northern part of ...

Gran Via Real Estate completes the Aviation Apartments project, an investment of 17 million euros

Tuesday, October 8, 2019

The Spanish-based developer, Gran Via Real Estate, is completing in October the residential project Aviatiei Apartments with 291 units: studio, two and three room apartments, a total investment of EUR 17 million (construction cost, without land value). ”We are completing this month the third project in Bucharest, a premium ensemble, in Aviatiei area, that benefits from contemporary architecture, efficient layouts, low height regime, indoor ...

Infrastructure : EC initiates infringement procedure over failure to transpose directives of 4th Railway Package's Technical Pillar

Tuesday, October 8, 2019

European Commission initiated the infringement procedure against Romania over failure to transpose the two directives related to the Fourth Railway Package's Technical Pillar, namely the safety directive and the inter-operability directive, into the national legislation.The Romanian authorities received a letter of formal notice from the Community Executive, which is the first stage of the procedure applied in case of violation of the community laws, the Ministry ...

Baneasa Airport, operational as of May 2020

Tuesday, October 8, 2019

Baneasa Airport will be operational as of May next year, the authorities are promising. The rehabilitation contract of the Baneasa Airport, worth RON 55.5 million has been signed on Monday. The traffic capacity will increase up to 350 passengers per hour so that Baneasa can take over part of the intense traffic from Otopeni Airport. The rehabilitation, worth RON 55.524 million, will be done by a consortium association ...

Healthcare: Deadline for regional hospitals deferred to 2027

Tuesday, October 8, 2019

Romania’s health minister Sorina Pintea said on Tuesday, October 1, that the three regional hospitals will be completed during 2024-2027, "according to European experts, based on the feasibility ...

UMF Timisoara launches cross-border project in partnership with Serbian hospital

Tuesday, October 8, 2019

The Victor Babes University of Medicine and Pharmacy of Timisoara (UMF) on Monday launched a MEDICARE project, in partnership with the Sveti Luka Hospital of Smederevo, Serbia under which UMF Timisoara expands its Pius Brinzeu Centre for of Flap Surgery and Microsurgery.UMF Timisoara Rectort Marius Raica said that the establishment of the new centre is important because the existing building, erected many years ago at the initiative of Dr. Pius Brinzeu, has been ...

Heart attack, increasingly more frequent in young people

Tuesday, October 8, 2019

Acute myocardial infarction, or heart attack, is occurring increasingly more often in young people, says head of the Cardiology Department 2 at the Bucharest Emergency Teaching Hospital(SUUB) Dragos Vinereanu, who recommended on September 29, World Heart Day, avoiding stress, quitting smoking, and taking daily exercise to prevent cardiovascular diseases."We have people every day under 40, even under 30, with acute myocardial infarction. Therefore, this extremely ...

Telecom. IT : Study: Six out of ten companies have experienced IT security breaches in the last three years

Tuesday, October 8, 2019

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About six out of ten companies have suffered a computer security breach in the last three years, and a third of IT security professionals who have not had any incidents say they are very likely to be victims without knowing it, Global study of Bitdefender. The share of companies that have experienced incidents in the first six months of 2019 is about 25 percent, compared to 32 percent for the whole of last year. More than half ...

Tourism : More foreigners visit Romania, more Romanians go abroad in August 2019

Tuesday, October 8, 2019

Compared to the corresponding month of the previous year, the arrivals in the establishments of tourists’ reception with functions of tourists’ accommodation increased by 1.1 %, while the overnight stays increased by 2.2% in August 2019 Compared to August 2018, in August 2019 customs registered an increase in the arrivals of foreign visitors of 15.3 % and an increase of 25.9% in the departures abroad of ...

Infrastructure: Wizz Air launches Bucharest-Lyon flight as of June 2020

Tuesday, October 1, 2019

  Wizz Air company announced the launch of Bucharest-Lyon flight as of June 2020. Flights will be on Tuesdays and Saturdays. Fares for the new route are available on the company website and can be booked for 119 lei (25 euros). The company will use an Airbus A321 for the new flights. On the other hand, the air transport company announced that there will be additional flights ...

Romania's main European source for motorway projects dips from 9 to 3 billion euros

Tuesday, October 1, 2019

The main non-reimbursable European money fund used by Romania for motorway projects, the Cohesion Fund, is currently halved as against the previous appropriations approved by the European Commission, senior official with Romania's Ministry of European Funds (MFE) Mihaela Toader said on Thursday.Under the next budget currently under consideration by the new European Commission, the Cohesion Fund will get about 3 billion euros, compared to almost 9 billion allocated ...

Transport infrastructure budget in 2021-2027 financial exercise will drop by 3 billion euros

Tuesday, October 1, 2019

The European funds that Romania will be able to use during the 2021-2027 financial exercise for the transport infrastructure will be by almost 3 billion euros smaller compared with the one in the 2014-2020 financial exercise, despite the 8 per cent growth in the budget allocated to our country, Minister for European Funds Roxana Minzatu stated on Friday.According to her, Romania will benefit from 30.6 billion euros, but it will be able to grant approximately 6 ...

Total freight traffic between Constanta Port and Serbia almost 5 million tonnes in H1

Tuesday, October 1, 2019

Manager General of the National Company Maritime Ports Administration Constanta (CNAPM) Daniela Serban on Thursday stated in Belgrade, where she attended the 13th edition of the Constanta Port Days, that the total freight traffic this year between the Constanta Port and Serbia reached almost 5 million tonnes, informs CNAPM Constanta.The Manager General of the CNAPM said at the symposium dedicated to the 13th edition of the Open Gates Day that the potential freight ...

Agriculture: Honey production 15-20% lower in 2019

Tuesday, October 1, 2019

Honey production will be 15-20% lower this year than last year and will not exceed 15,000-17,000 tons, said Ioan Fetea, the president of the ACA (Association of Beekeepers in Romania). “2019 was more modest than last year, when 2018 was not a great year either. The estimated honey production will be 15%-20% lower this year. It was a bad year or rape, acacia and partially for linden, while sunflower had to cope with drought and heat. Production ...

Romania-China Memorandum of Understanding on cooperation in plant quarantine

Tuesday, October 1, 2019

The Romanian authorities have signed a Memorandum of Understanding with the General Customs Administration of the People's Republic of China on cooperation in the field of plant quarantine, informs on Wednesday the Ministry of Agriculture and Rural Development (MADR).Secretary of State with the MADR Daniel Botanoiu welcomed on Tuesday a delegation of the General Administration of Customs of the People's Republic of China, headed by Vice Minister Wang Lingjun. The ...

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