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Economic

In Summer 2019, Air Canada Rouge will return with more flights to Bucharest

Tuesday, October 16, 2018

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Starting June 7, 2019 Air Canada Rouge will offer again a nonstop service between Bucharest and Montreal as well as between Bucharest and Toronto. Air Canada's leisure airline will fly four times a week until the beginning of October. Between June 24 and September 7, in peak season the nonstop services will be offered up to six times a week. The Toronto and Montreal hubs offer passengers smooth connections to many destinations in Canada and the ...

Minister Sova promises more rail transport services from 2019 on

Tuesday, October 16, 2018

In Constanta on Friday, Transport Minister Lucian Sova said that that from July 1, 2019 there will be a wider offering of rail transport form other operators in addition to the traditional domestic ones."I would like to mention that Regulation 1370 does not concern regular passenger road transport, it also concerns the transport of passengers by rail. We have already had discussions with the trade unions and the managements; we are preparing the legislation and we ...

Henri Coanda Airport achieved International Airport Council Level 3 Optimisation of Airport Carbon Accreditation

Tuesday, October 16, 2018

The Henri Coanda Bucharest International Airport (AIHCB) has achieved International Airport Council (ACI) Level 3 Optimisation of Airport Carbon Accreditation, the Bucharest National Airport Corporation (CNAB) reported on Wednesday in a press statement. The AIHCB has achieved Level 3 Optimisation of Airport Carbon Accreditation in recognition of the exemplary airport activity in managing and reducing CO2 emissions and getting other stakeholders engaged in ...

Trade: Local market for refurbished electronics will increase this year by more than 25pct

Tuesday, October 16, 2018

The local market for refurbished electronics will increase this year by more than 25pct, mainly due to the lower purchasing price, in some cases by up to half compared to that of new equipment, but also due to their performance, with configurations close to the latest generation, according to a study released on Wednesday."More and more customers are aware of the benefits of refurbished products, all the more so since in recent years technological innovation has ...

Agriculture : Romania tobacco exports lost 5.3 pct in the first half of the year

Tuesday, October 9, 2018

Romania exported raw and processed tobacco worth EUR 338.6 million in the first six months of 2018, 5.3 percent below the same period in 2017, according to data centralized by the National Institute of Statistics. Raw and manufactured tobacco imports totaled EUR 193.3 million, 13.4 percent higher than in January-June 2017, a surplus of EUR 145.3 million this segment. The best estimations ...

Real Estate: Arcadia Apartments Domenii launches its fourth building with prices starting at EUR 84,000+VAT

Tuesday, October 9, 2018

The fourth building comprises studios, two-, three- and four-room apartments, as well as duplexes and penthouses with various surfaces and compartments, http://business-review.eu informs. Designed to provide a high level of space functionality, the ...

Office boutique buildings totalling 31,949 sqm to open in the last months of the year

Tuesday, October 9, 2018

By the end of 2018, eight boutique office buildings with premium locations and finishes will enter the office market in Bucharest, with a total area of 31,949 sqm, according to an analysis by Esop Consulting. Most projects are scheduled to open in the last quarter of this year. In 2017, five such buildings were completed and three more remain for next year. Tenants who have recently moved to boutique offices include Douglas, ...

Housing prices increased by 3.1 pct in Q2 compared to Q1

Tuesday, October 9, 2018

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Romania’s housing price increased by 3.1 percent between April and June, compared to the previous quarter, with the local market having the largest EU price increases in Latvia, according to Eurostat quoted by http://business-review.eu. Both in the European Union and in the euro area, house prices rose at a quarterly rate of 1.4 percent, with the advance in Romania being over two times faster. On a quarterly basis, the ...

Cars: Dacia presents new 1.3 TCe engine for Duster model at Paris Motor Show

Tuesday, October 9, 2018

Dacia on last Tuesday presented at the Paris Motor Show the new 1.3 TCe available for the Duster model."This propeller has an aluminum engine block, which benefits from the new technology for the surface treatment of the inside of the cylinders, called "Bore Spray Coating." This allows a more efficient temperature control, with the result being an increase in performance and an enhanced comfort for the users. In order to reduce the particle emissions, the new ...

Infrastructure : Gov't makes first steps to build key-motorway for Ford plant in Craiova

Tuesday, October 9, 2018

Romania’s road state-owned company selected construction companies to build two sections of Pitesti-Craiova motorway, a key project designed to speed up the development of laggard Oltenia region. Called by many “the Ford motorway”, the new motorway will ensure to the main investor in Oltenia, US carmaker Ford, an easier route of transport for its cars produced at the Craiova plant to the rest of the country or to export ...

Tourism : Antalya, Greece, Spain, Portugal and Romania, the most attractive destinations în 2018

Tuesday, October 9, 2018

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Antalya, Greece, Spain, Portugal and Romania, were the most sought-after destinations in Paralela 45 tour operator in the 2018 season, whose sales increased by 25 percent in the first nine months of the year and are expected to reach an annual turnover of EUR 60 million. 2018 was the year with the most charter flights to Antalya, a 10-week passage, starting from Bucharest, Cluj-Napoca, Timisoara, Iasi and Targu Mures, but also ...

The tourists’ overnight stays  up 4.9 pct to 8.707 million in 10 months of 2018

Tuesday, October 9, 2018

Compared to the corresponding month of the previous year, the arrivals in the establishments of tourists’ reception with functions of tourists’ accommodation increased by 9.2 %, while the overnight stays increased by 9.1% in August 2018. Compared to August 2017, in August 2018 customs registered an increase in the arrivals of foreign visitors of 10.4 % and an increase of 13.7% in the departures abroad ...

Trade: The retail turnover - up 5.7pct, Jan.-Aug. 2018

Tuesday, October 9, 2018

Compared to the previous month, in August 2018 the retail turnover volume (excluding the trade with motor vehicles and motorcycles) increased as gross series by 3.3% and decreased as adjusted series according to the number of working days and to seasonality by 0.1%. Compared to the corresponding month of the previous year, the retail turnover volume (excluding the trade with motor vehicles and motorcycles) ...

În Romania, parents spend an average of RON 100 per month on children’s toys

Tuesday, October 9, 2018

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Over 70.5 percent of parents in Romania choose to buy toys for their children from both physical and online stores.  The variety of shops and the many available options are attractive to Romanian parents, but the monthly budget they allocate for children’s toys rarely exceeds RON 100. Only 34.2 percent of parents buy toys for their children worth 100-300 RON a month and only 22.8 percent of them choose not to ...

Real estate: Expert: We estimate stagnation of prices and demand in Bucharest

Tuesday, October 2, 2018

Apartment prices in Bucharest are now 40% lower than before the economic crisis, Adrian Stanescu, project manager of Imobiliarium Fair declared for News.ro. The fourth edition of Imobiliarium will be held between October 12 and 14, in Bucharest. The edition will host 62 developers presenting and offer of 88 residential ensembles. Stanescu estimates a price and demand stagnation in the Capital in the future and an increase of smart homes and extension ...

Land area to develop 8,000 dwellings and 180,000 sqm of offices traded in Bucharest during the first 9 months of the year

Tuesday, October 2, 2018

Land in Bucharest continued to attract the interest of real estate developers this year, considering that in the first nine months of 2018, lots with a cumulated surface of over 60 hectares on which around 8,000 dwellings, 180,000 square meters of offices as well as commercial spaces can be developed, according to an analysis of Cushman & Wakefield Echinox, romaniajournal.ro informs . Cushman & Wakefield Echinox monitored 24 medium and large ...

Agriculture : The productive potential of fruit crops and vineyards meant for table grape production, in 2017

Tuesday, October 2, 2018

 • In 2017, compared to 2012, the areas cultivated with apple trees increased by 7.5%, the ones with pear trees by 0.4% and the areas cultivated with vines for table grapes increased by 2.5%; • The areas cultivated with apricot and peach trees decreased by 12.9% and by 3.8%, respectively. Fruit growing is a traditional activity in our country and holds an important place in the agricultural ...

Healthcare: Cardiovascular diseases - main death cause in Romania

Tuesday, October 2, 2018

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In Romania, cardiovascular diseases represent the main death cause, with about 60% of total deaths recorded at national level, that is  three times more than deaths produced by cancer. Moreover, death caused by cardiovascular diseases is the main cause why life expectancy in Romania is by ten years shorter than in EU, said Dragos Vinereanu, the president of the Romanian Cardiology Society. He pointed out that the situation is closely linked to ...

21.64% of deaths in Romania generated by AVC

Tuesday, October 2, 2018

Gheorghe Iana, the president of the Neurology and Radiology Society declared recently that 21.64% of deaths are now generated by cerebral vascular accidents, which represent the second death cause and at the same time the second cause of disability. “From estimates of the National Statistics Institute, there will be an increase of death rate by 34% every year until 2035,” said Iana at the conference “Vascular accident. Early diagnosis and treatment. ...

Efficiency of Romania’s healthcare system ranked 36th out of 56 by Bloomberg

Tuesday, October 2, 2018

Romania lost five places in a Bloomberg global ranking on the efficiency of national healthcare systems measured by the cost-to-expense ratio, being overtaken by states such as Italy, France, Greece, the Czech Republic and the UK, http://business-review.eu reports. However, the Romanian healthcare system is more efficient than those in Belgium, Germany, Hungary or Bulgaria. ...

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