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Passengers transported by plane in 2017 up 23.3pct

Tuesday, March 13, 2018

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The number of passengers traveling last year by plane was about 20.222 million people, up 23.3 percent compared to 2016, according to data centralized by the National Institute of Statistics (INS).The largest passenger transport shares were registered at Henri Coanda Bucharest (6.456 million passengers boarded and 6.346 million passengers landed), Cluj-Napoca (1.356 million passengers boarded and 1.322 million passengers landed) and Traian Vuia Timisoara (797,200 ...

Tourism : C&W Echinox: Romanian hotel market in 2017, the second most attractive in CEE after Poland

Tuesday, March 13, 2018

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The hotel market in Romania has been on a positive trend since 2010, with an increasing number of tourist arrivals and overnight stays, romaniajournal.ro reads. According to C&W Echinox 1st edition of Romania Hospitality Market Report, the domestic hospitality investment market was the second most attractive in the region after Poland in terms of the transaction sector, following two major sales, with a cumulated value of EUR 183 million. ...

Real Estate: Romanian housing market: prices rose in February in most major cities, Cluj-Napoca is still the most expensive area

Tuesday, March 13, 2018

Prices of residential properties increased in four out of six major urban areas of Romania in February, due to strong demand, according to Imobiliare.ro data, Cluj-Napoca retaining its position as the country’s most expensive city to invest in a home, business-review.eu reads. Data show prices rose in February for new and old houses alike, with Bucharest recording the highest month-on-month rate of 2.8 percent, to EUR 1,302 per square ...

Real estate: IT&C companies first for renting new office space

Tuesday, March 6, 2018

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The IT&C sector ranks first in the top of fields renting new office space in 2017, study says. Those companies were interested in 51% of areas included in rental contracts in 2017. They were followed by the finance, banking and insurance sector with 16%. At the same time, 38% of office area in Bucharest, planned to be commissioned in 2018 are already rented, according to an analysis made by ESOP I Corfac International ...

51,000 real estate transactions made in February

Tuesday, March 6, 2018

There were 50,756 transactions made in Romania, in February, 4.5% more than in the same period of 2017, according to data communicated by the National Cadastre Real Estate Advertising Agency (ANCPI). The number of transactions made in February 2017 was 48,567. “Most real estate sales were registered in Bucharest in February 2018 - 7,310, Cluj - 3,459 and Timis - 3,169. Counties with the fewest buildings sold in the same ...

Significant supply of new housing units slows down prices for old flats

Tuesday, March 6, 2018

The rise in prices for old flats is starting to slow down, due to an accentuated increase in the supply of new housing units, according to a press statement released on Monday after the Bucharest Real Estate Trade Fair (SIB) 2018, which took place March 2-4.Organisers say that 9,700 people visited the the Bucharest Real Estate Trade Fair, the first such trade fair this year, with the SIB being the only market event where both new and old housing units are on ...

This February's real estate sales at 50,756 nationwide

Tuesday, March 6, 2018

Real estate sales this February were in excess of 50,750, the National Cadastre and Property Advertising Agency said in a release on Friday; the figure is by 2,189 higher than in February 2017. Most real estate deals of the total 50,756 this February were in Bucharest (7,310), Cluj (3,459) and Timis (3,169), while the counties with the fewest property sales were Salaj (384), Gorj (380) and Covasna (332).The counties with the most sales of ...

Cars: Around 200 eco-friendly automobiles, sold in Romania in January

Tuesday, March 6, 2018

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The number of new "green" cars (hybrid and respectively, hundred-percent electric) sold in Romania reached 193 units in January 2018, up 70.8 percent as compared to the same month last year, the Automobiles Producers and Importers Association (APIA) statistics show. According to official data, of these, 79 are hundred-percent electric automobiles (up 6.5 times as compared to January 2017), and 114 units are hybrid (+12.9 percent).In the first ...

New car sales in Romania record 22% rise, in January

Tuesday, March 6, 2018

 New car sales in Romania recorded a 22% rise to 9,056 units in January compared to the same period in 2017, according to the data released by the Association of Car Makers and Importers (APIA).Car sales accounted for 7,164 units (+20.5% from January 2017), and commercial vehicles - 1,892 units (+27%).According to the APIA statistics, sales are mainly made by legal entities, which cover 76% of all car purchases in January. In the reference period, ...

Tourism : The tourists’ overnight stays in the establishments of tourists’ reception increased by 9.6% in January

Tuesday, March 6, 2018

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Compared to the corresponding month of the previous year, both the arrivals and the overnight stays in the establishments of tourists’ reception with functions of tourists’ accommodation increased by 9.6 % each, in January 2018. Compared to January 2017, in January 2018 customs registered an increase in both the arrivals of foreign visitors of 22.4 % and in the departures abroad of the Romanian visitors ...

Infrastructure: Section of Bucharest ring road to be built by China’s Sinohydro

Tuesday, March 6, 2018

One of the sections of Bucharest’s ring road will be upgraded by Chinese state-owned company Sinohydro, which won a RON 233 million (EUR 50 million) contract, according to Romanian state-owned road infrastructure company (CNAIR), business-review.eu reads. The 11.5 kilometers two-lane ring road section between DN2 (national road connecting Bucharest with Moldova, Romania’s poorest region) and A2 (motorway connecting Bucharest with ...

Trade : Competition Council: Food prices in Romania, 60% of EU price on average, situation relatively good

Tuesday, March 6, 2018

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Romania is not in a bad situation in terms of food prices, but a generalized rise in these can be countered by macroeconomic means, namely the fiscal-budgetary policy of the Government and the monetary policy of the National Bank, the president of the Competition Council, Bogdan Chiritoiu told Tuesday's PRIA Competition, an event organized by PRIAevents and the Competition Council."We [the Competition Council] are not investigating general price increases, but ...

In January, the turnover of retail trade dropped by 25.3 percent

Tuesday, March 6, 2018

The turnover of retail trade (except for the trade in vehicles and motorcycles) dropped in January 2018 compared to the previous month, both as gross series, by 25.3 percent, and as series adjusted by the number of working days and seasonality by 0.9 percent, according to data from the National Institute of Statistics (INS), released on Monday.Compared to the corresponding month of the previous year, the turnover volume for retail trade (except for the trade in ...

Agriculture: UNCAPI cooperatives report annual business of 40 million euros per year in most important agriculture branches

Tuesday, March 6, 2018

The cooperatives grouped under the National Union of Integrated Production Agricultural Cooperatives (UNCAPI), launched on Monday, have a business turnover of 40 million euros per year in the most important branches of agriculture, according to a UNCAPI press statement.All cooperatives, associations, companies and individuals working in agriculture in Romania can join UNCAPI starting on March 5, to take advantage of an integrated system of production and sales, as ...

Healthcare: Corina Cretu expresses worry about delays in projects for regional hospitals 

Tuesday, February 27, 2018

EU Commissioner Corina Cretu met with PM Viorica Dancila on Wednesday in Brussels, and expressed her worries about the delays in Romania’s projects to build three regional hospitals, which were approved in July 2015 but on which construction has not even started, business-review.eu informs. Cretu said: “Considering the fact that, as things stand, it is very unlikely for works to begin in 2019, national authorities should accelerate the ...

Bucharest Military Hospital's Integrated Nuclear Medicine Centre opens on 4.5-million euro investment

Tuesday, February 27, 2018

An integrated nuclear medicine centre for the detection of oncological, cardiovascular and neurological conditions, open to all patients, was inaugurated on Wednesday at the Carol Davila Central Military Emergency Hospital of Bucharest in the presence of the Defence Minister Mihai Fifor."What we have here at this center is the best European equipping for such a hospital," said Fifor, adding that the value of the facility is about 4.5 million euros, an investment ...

Tourism : Two Romanian entrepreneurs launch ViziteazaDelta.ro booking platform, following 130,000 euro investments

Tuesday, February 27, 2018

Two Romanian entrepreneurs Dragos Catalinoiu Gociman and Gabriel Iliescu will launch, on the occasion of Romania's Tourism Fair (TTR), the first presentation, booking and sale platform of a tourist destination of Romania, called ViziteazaDelta.ro, following some investments worth approximately 130,000 euro."So far, we have earmarked almost 130,000 euro to this project from our own funds, and in the next year we intend to invest another 70,000 euro, money that will ...

Ambassador Zupancic: Number of Romanian tourists in Slovenia in 2017, up 60 pct as compared to 2016

Tuesday, February 27, 2018

 The number of Romanian tourists who have visited Slovenia in 2017 went up by 60 percent as compared to 2016, Slovenia's Ambassador to Romania Mihael Zupancic on Friday told a press conference for the presentation of the Republic of Slovenia at Romania's Tourism Fair.He appreciated that Romanians and Slovenians have many things in common, in gastronomy included, and the economic and cultural relations between the two countries are at a good ...

Real Estate: Tiny house trend finds first supporters in Romania

Tuesday, February 27, 2018

Several Romanians have adopted the tiny house philosophy, a movement that advocates a simpler living in a small home, romania-insider.com reads. One of the first local owners of a tiny house is Gabriela Isadora. She told ...

2018, a turning point for Romania’s real estate investment market

Tuesday, February 27, 2018

This year will be a turning point for the real estate investment market in Romania, especially from the perspective of the office segment, according to real estate consultancy firm Colliers. “Whereas office buildings which changed hands from 2015 to 2017 had an average surface of 20,000 sqm, the pipeline for the next period includes projects with an average surface area of over 50,000 sqm. Therefore, the volume of investment in the office market ...

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