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HAGAG Development Europe builds EUR 16 mln residential project in exclusive Bucharest area

Tuesday, August 4, 2020

Israeli real estate developer HAGAG Development Europe has received the construction permit for the premium residential project H Eliade 9 Residence, located in Bucharest's Primaverii neighborhood. The works are scheduled to start in August of this year and involve an investment of EUR 16 mln. The project is over 35% sold, according to data provided by company representatives. The project will be built on a land area of 2,200 ...

Telecom.IT: Internet and mobile data traffic grew by a third during the first two months of the pandemic

Tuesday, August 4, 2020

During the 60-day state of emergency, data and internet traffic increased on average by 26 percent, i.e. by 30 percent on fixed networks and 5 percent on mobile networks, while voice traffic grew on average by 11 percent, compared to the 60 days preceding the introduction of the state of emergency, according to Romania’s National Authority for Management and Regulation in Communications (ANCOM). In the March 16 – May 15 2020 period, ...

Hdealthcare: Centre for military medical scientific research to relocate at Cantacuzino Institute

Tuesday, August 4, 2020

The government adopted a draft emergency ordinance under which the Centre for Military Medical Scientific Research will be relocated to the Cantacuzino Institute. A request in this regard came from Defence Minister Nicolae Ciuca."Please approve the introduction on the additional agenda of the draft emergency ordinance on the establishment of measures in the field of research, development, innovation, to amend and supplement OUG 66/2017 establishing measures in the ...

Infrastructure : State aid: Commission approves €1 million Romanian aid scheme for airlines starting or resuming operations at Oradea airport following the coronavirus outbreak

Tuesday, August 4, 2020

The European Commission has approved a €1 million Romanian scheme for those airlines resuming or starting flights to and from Oradea airport in Romania. Oradea airport plays an important role in the regional and international connectivity of the country. The scheme was approved under the State ...

A Romanian consortium wins 146 mln euro deal to build Galati detour road

Tuesday, August 4, 2020

Romania's road infrastructure company CNAIR said on Friday that a consortium comprised of local companies SA&PE Construct, SC Spedition UMB, Tehnostrade won a tender of a 705 million lei without VAT ($172 million/146 million euro) contract for the construction of a detour road around the eastern city of Galati. The 33.6 km detour road should be built in 54 months, including twelve months for the design phase, with an ...

Investment project of 7mln euro to repair navigation infrastructure on Bega canal

Tuesday, August 4, 2020

A cross-border project aimed at repairing the navigation infrastructure on the Bega canal is currently being carried out by the National Administration "Romanian Waters" (ANAR), through the Banat Water Basin Administration, the value of the investment rising to almost 7 million euros.According to a press release of ANAR, sent on Friday, the cross-border project Interreg IPA of cooperation between Romania and Serbia, is carried out through a program financed by the ...

Chinese company wins first road infrastructure contract in Romania

Tuesday, August 4, 2020


Romania's public road company CNAIR signed on July 31 with Chinee construction company Sinohydro the contract for the construction of the 5.535-km ring road of Zalau city in western Romania. The contract's value is RON 186 million (EUR 38.2 mln), without VAT. The Chinese group was the sole bidder for this contract. This is the first road contract won by a ...

Agricultura: Statistics: Grain exports worth almost one billion euros in first four months of 2020

Tuesday, July 28, 2020


Romania exported, in the first four months of 2020, cereals in the amount of 988.7 million euros, by 38.8% more compared to the similar period of the previous year, according to data centralized by the National Institute of Statistics (INS).On the other hand, cereal imports amounted to 236.8 million euros (plus 48.3%), resulting in a surplus of almost 752 million euros.Exports of wheat and meslin totaled 395.834 million euros, representing 40% of total ...

Romania to export some 3 mln tonnes of wheat despite weak crop

Tuesday, July 28, 2020

Romania will still export some 3 million tonnes of wheat in the coming agricultural year despite a sharp plunge in the crop caused by adverse weather, agriculture minister Adrian Oros estimates, ...

Production value of agricultural branch decreases 3.8% in 2019

Tuesday, July 28, 2020

The production value of the agricultural branch decreased in 2019 by 3.8% compared to the previous year, to 89.997 billion lei, according to the data published on Friday by the National Institute of Statistics (INS).Vegetable production decreased by 5.6% to 62.967 billion lei, animal production went down by 0.7% and reached 25.223 billion lei, while agricultural services increased by 29.8% to 1.793 billion lei.Last year, the structure of production ...

Healthcare: Ministry of development: the European Commission approved financing for the Craiova Regional Hospital

Tuesday, July 28, 2020

The ministry of development said on Friday that the representatives of t he European Commission approved the financing for the regional Craiova Hospital, after the regional hospitals in Iasi and Cluj The total value of the project ‘ The construction and equipment for the regional emergency hospital in the South-West region’ selected through the Regional Operational Programme (POR) 2014-2020 (Priority Axis 14 ‘ Creation of ...

Eurostat: Hospitals in Romania rank last in EU in terms of number of CT scanners available

Tuesday, July 28, 2020

Romania had the lowest number of CT scanners per 100,000 inhabitants (0.8), in 2018, followed by France (1.2), Poland, the Netherlands and Slovenia (1.4 each), according to data published by the European Statistical Office Eurostat on Friday.In 2018, among the Member States, the availability in hospitals of computer tomography (CT) scanners relative to the number of inhabitants was the highest in Denmark (with 4.0 CT scanners per 100,000 inhabitants) and Cyprus ...

Real Estate: Construction market in Romania to reach 90 billion lei in 2020

Tuesday, July 28, 2020


The business figure of the local construction market will reach about 90 billion lei this year, compared to 89 billion lei in 2019, an analysis released by KeysFin on Wednesday shows. According to the source, in 2018, the business figure of the local construction market  (building construction, civil engineering and special construction works) was 84.4 billion lei. “From our point of view the construction market in ...

Almost 90% of tenants paid their obligations on time to the office buildings owners in the first half of the year

Tuesday, July 28, 2020

Most tenants complied on time with their contractual obligations to owners of the office buildings managed by Colliers International in the first half of this year, even though in some cases the rented spaces remained unoccupied for some time, due to the state of emergency. Thus, the share of tenants who paid their debts on time remained constant, on average, compared to the same period from 2019, of almost 90%, despite the effects of the pandemic on their activity, according ...

Deloitte Study: New housing has become more expensive in most European countries in 2019

Tuesday, July 28, 2020

New housing has become more expensive in most European countries over the last years, including 2019. Among 23 countries participating in Deloitte Property Index Study, 20 showed growth in prices of ...

Modern retail space stock to exceed 4 million sq meters in Romania, at end of 2020

Tuesday, July 28, 2020

The modern retail stock in Romania, formed of commercial centers, retail parks and commercial galleries with a rentable surface area of minimum 5,000 square meters, will exceed 4 million square meters, until the end of this year, shows the data of the Bucharest Retail Market and Retail Regional Cities' report, drawn up by Cushman & Wakefield Echinox.Presently, this real estate stock has reached the level of 3.96 million square meters.According to ...

"New House" program to provide two categories of loans for new homes

Tuesday, July 28, 2020

The "New House" program will provide two categories of loans for new homes, respectively loans of up to 140,000 euros for which a down payment of 15% is charged and a state guarantee of 60% is granted, and 70,000 euros, with a down payment of 5% and a state guarantee of 50%, states the National Credit Guarantee Fund for Small and Medium-Sized Enterprises (FNGCIMM SA-IFN).According to the quoted source, the down payment of 15% and the guarantee of 60% apply only to ...

Infrastructure: Necessary investments in transport sector is 73 billion euros in next ten years

Tuesday, July 28, 2020


Investments needed in the transport sector in Romania amount to 73 billion euros over 2020-2030, said  Lucian Bode, the minister of transports, infrastructure and communications. At a press conference he presented the investment plan for the development of transport infrastructure for 2020-2030, as part of the the government's Economic Relaunch Plan. “Our strategy is based on two pillars: massive investments – we need investments of 73 ...

Trade: EY: Romanian consumers attentive to quality, preferring local products and online purchases

Tuesday, July 28, 2020


Covid 19 crisis has modified preference of Romanian consumers, who became more careful to quality and preferred local products and those purchased online, according to the  EY Romania study “Romanian consumer behavior in context of Covid 19”. Health and effects of health crisis on financial situation are the main elements that worry over 64% of Romanian consumers at present, a press release shows. Preoccupations ...

Tourism : Eurostat: More than half of Romanians cannot afford a one-week holiday per year

Tuesday, July 21, 2020


Almost a third (29%) of residents of EU Member States aged 16 or over were unable to afford paying for an annual one-week holiday away from home. Among EU Member States, Romania recorded the highest share of individuals in this situation, with the majority of Romanians (54%) being unable to afford a one-week annual holiday in 2019, according to data published on Monday by the European Statistical Office (Eurostat).This share has gradually decreased since 2010, ...

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