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Colliers: investments in Romania’s real estate down in Q1 along with regional trend

Tuesday, May 25, 2021

The investment in Romanian real estate assets contracted by some 42% yoy to EUR 85 mln in the first quarter of 2021.The developments followed similar trends to the CEE region, of which Romania’s market is a tiny part. Overall, the Central and Eastern Europe (CEE) investment flows were down by almost 48% in Q1 2020, at about EUR 2 bln.   Poland remained the leader in the region, with investment volumes accounting for ...

Telecom.IT : Over two thirds of Romanians use smartphones more than before pandemic

Tuesday, May 25, 2021

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Seven out of ten Romanians (68.3%) say that, compared to the pre-pandemic period, they use mobile phones more, while over two thirds say that mobile phone applications have influenced their consumption customs to a great extent, a barometer made by Frames, ordered by Factory 4.0 platform shows.   According to the the study “RomanianApp. How mobile applications influence the Romanians' lives” ...

Report: Romania's IT&C market up 22% in 2020

Tuesday, May 25, 2021

The IT&C services market rose by 23.4% in 2020, and the wholesale trade of IT and telecommunications equipment by 20.5%, according to an analysis performed by Arctic Stream, a Romanian provider of services in the field of communications technologies and equipment, data centers and software solutions.   It resulted in an overall IT&C market growth rate of 22.3%. The total market is ...

Healthcare: Iasi Regional Oncology Institute gets 2.5 million euros to develop nanomedical research

Tuesday, May 25, 2021

Iasi Regional Oncology Institute (IRO) receives, by means of Transcend research institute, European financing of 2.5 million euros to develop research in nanomedicine, this being considered one of the most prestigious European research and innovation projects.   Most of the funds allocated by the European Union through the project “Increasing and consolidating excellence in interdisciplinary ...

Cars: Romanian car market down 14.5pct in Jan-April; market share increases in ecological cars

Tuesday, May 18, 2021

The Romanian car market saw a decrease of 14.5pct in January-April this year, compared to the same period in 2020, with only the ecological cars seeing an upward trend by almost 80pct, according to data published on Monday by the Automotive Manufacturers and Importers Association (APIA).On the national market, the top car brands (cars + commercial vehicles), in January-April 2021, is led by Dacia, with 6,529 units, followed by Ford (3,376 units), Toyota (2,594), ...

Duster no. 2,000,000 comes off production line of Dacia Plant

Tuesday, May 18, 2021

The Duster numbered 2,000,000 has come off the production line of the Dacia Plant in central Mioveni on Thursday, the car manufacturer informs.According to a release from Dacia, the car is a limited edition Duster Advantage ECO-G 100 - with mixed petrol/LNG fuelling, made for a client in Romania."Duster is a national symbol of success. A model that was intensely worked upon and in which employees in all trades and activity domains of Renault Group in ...

Q1 2021 trade of motor vehicles advances 17.4pct in Romania

Tuesday, May 18, 2021

Wholesale and retail trade, maintenance and repair of motor vehicles and motorcycles in Romania advanced 17.4%, unadjusted, in Q1 2021, y-o-y, reveals data published on Friday by the National Institute of Statistics (INS).Contributing to the growth were increases in trade of parts and accessories of motorcycles; maintenance and repair of motorcycles (+ 92.5%), trade of motor vehicles (+ 20.2%), trade of motor vehicle parts and accessories (+ 16.4%) and maintenance ...

Agriculture: Livestock existent on December 1, 2020

Tuesday, May 18, 2021

- Sheep and goats livestock increased in 2020 compared to last year. Instead, the pig, cattle and poultry livestock decreased. - In 2020, Romania ranked second in the hierarchy of the European Union member states for the sheep and goats livestock.   The total number of cattle decreased on December 1, 2020 by 0.6% compared to December 1, 2019 and the the origin livestock (milk cows, ...

Real Estate: Globalworth expands its industrial activity in Arad and Oradea

Tuesday, May 18, 2021

Globalworth Industrial, Globalworth’s logistics and industrial sub-brand, is expanding its portfolio by purchasing two industrial projects with a total area of 27k square meters. The value of the IPW Arad (Industrial Park West Arad) and IPW Oradea (Industrial Park West Oradea) transactions amounts to almost 18 million euros, ensuring the presence of the largest office investor in Central and Eastern Europe in another two new major cities in western ...

Infrastructure: Connecting Europe Express to reach Romania mid-September

Tuesday, May 18, 2021

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The Connecting Europe Express, a train traveling across the EU to promote the benefits of rail during the European Year of Rail 2021, will arrive in Bucharest on September 18, after entering the country at the Ruse-Giurgiu border point. The route of the train, announced on Europe Day, starts on September 2 in Lisbon and ends in Paris on October 7. The train will stop in more than 40 cities in 26 countries, and link the Portuguese, Slovenian and French ...

Wizz Air announces two new routes from Cluj-Napoca to Greece and Italy

Tuesday, May 18, 2021

Wizz Air has announced two new routes from Cluj-Napoca to Chania (Crete), Greece and Catania, Italy, with one weekly flight on Saturday for Chania and two weekly flights on Tuesday and Saturday for Catania. The first flights on these two new services will depart from the base ...

Trade: Pandemic boosts Romania’s e-commerce and digital growth

Tuesday, May 18, 2021

According to an eMarketer study, global online sales will total USD 6.5 trillion by 2023, and Romania is among the best countries where one could open an online business, ranking 39th out of 99 countries in a recent study.   The success of online businesses also leads to major gains in other sectors which are closely related. For example, Denmark has developed a strong infrastructure of internet servers to sustain its ...

Tourism: Hotel Radisson Blu Bucuresti in Bucharest was renovated with an investment of 24 million euro

Tuesday, May 18, 2021

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The hotel Radisson Blu Bucuresti of Bucharest was renovated with an investment of 24 million euro, having over 600 rooms after 200 more rooms were added by the renovation of a building owned by Park Inn, which were not included under the umbrella Radisson Hotel Group. Hotel Park Inn was rated at four stars, and now the whole unit is five stars.   The investment, worth 24 million euro, belongs to the ...

Cars: The pandemic postponed only partially consumers’ plans to buy a new car

Tuesday, May 11, 2021

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The COVID-19 pandemic has partially changed the behavior of consumers in the car market. Some of them have postponed their plans to buy a new car, and their interest in engines with alternative propulsion systems is temporarily declining. Although the trend towards electric cars seems to be consolidating on the long term, consumers tend to look for the comfort of a known, tested and accessible technology, in the current context dominated by ...

New registrations of road vehicles for passenger transport down by 10 pct in Q1

Tuesday, May 11, 2021

 New registrations of road vehicles for passenger transport have dropped by 10 pct in the first quarter of this year, over the same interval of 2020, shows the data published, on Wednesday, by the National Institute for Statistics (INS).According to the statistics, in the period analyzed, new registrations of road vehicles for passenger transport recorded increases in the mopeds and motorcycles category by 6 pct and decreases in the buses and minibuses ...

New car registrations in Romania decrease by 14.5% in first four months

Tuesday, May 11, 2021

 New car registrations in Romania decreased by 14.5% in the first four months of the current year, compared to the same period in 2020, to a volume of 27,624 units, according to the Driving Permits and Vehicle Registration Regime Department (DRPCIV), cited by the Association of Car Makers and Importers (APIA).At the level of April 2021, 9,272 new vehicles were registered locally (cars and commercial vehicles, coaches and special vehicles), by 76.9% more than ...

Real Estate: Real estate developer Nordis Group estimates sales of 100 million euros in 2021

Tuesday, May 11, 2021

Real estate developer Nordis Group recorded sales of 21 million euros, that is about 50% of the overall value sold the previous year and estimates sales of 100 million euros this year, when it intends to sell over 1,400 units.   “Nordis Group announces results of the first four months of the year. Figures are valid for sales of hotels and residential units in Mamaia, Sinaia and Brasov. The Group's ...

9% drop of rental transaction volume for offices in Bucharest

Tuesday, May 11, 2021

The volume of renting transactions in the office market in Bucharest dropped by 9% in quarter 1, 2021, compared to the same period of 2020, up to 48,000 square meters, according to data of real estate consulting company Cushman & Wakefield Echinox, released on Thursday.   On the other hand, the share of pre-renting contracts went up from 20% to 46%, while in the case of renewal contracts, there was a ...

Real estate investments in Romania drop by 19% in Q1, to 98 million Euro

Tuesday, May 11, 2021

 The real estate investments in Romania in Q1 of 2021 totalled 98 million Euro, dropping by 19% from the volume traded in the same period of last year, according to the trimestrial report of CBRE.Thus, office buildings in Bucharest and industrial spaces from the Western part of the country generated the most investment volume."What is interesting to notice is the investors' appetite for industrial projects: 38 million Euro from the total ...

Transactions with industrial spaces rise by 43 pct in Romania, in Q1 2021

Tuesday, May 11, 2021

The volume transacted on the market of industrial spaces in Romania grew by 43 pct in the first quarter of this year, over the same period of 2020, reveals data contained in a report launched by CBRE, the market leader in real estate consultancy.According to the document, in the January - March 2021 interval, 264,000 square meters of industrial space were rented, with the largest transaction belonging to the Dacia carmaker, who decided to extend its contract ...

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