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Economic

Colliers: Three quarters of investors in the land market closed or expect to close deals in 2020

Tuesday, October 27, 2020

About three quarters of investors active in the land segment have completed land deals in 2020 or expect to close ongoing deals by the end of the year, despite the economic recovery which is stalling due to the resurgence of the virus, according to a survey conducted by Colliers International on the land market among more than 90 professionals active in this real estate segment.   The local land market continues to see ...

The first 9 months of 2020, the strongest in the last decade for real estate investments

Tuesday, October 27, 2020

Almost two thirds (62%) of real estate investors confirm interest for acquisitions of new projects, both in Bucharest and regional cities, and are currently ready to buy at more favourable conditions, given the new economic context generated by the Covid-19 epidemics, according to a survey conducted by Colliers International on the investment market among nearly 50 real estate companies representing investment funds, developers, asset managers and ...

Trade: Live Stream Shopping: a new experiential trend is conquering online Romanian stores

Tuesday, October 27, 2020

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Oveit is the first company to launch the Live Stream Shopping concept on the Romanian market, through its own technological solution, Streams.Live, which combines the concept of live video sessions with the offline shopping experience. Live Stream Shopping is an innovative alternative that supports the digitization process for offline and online retailers of products directly to the consumer, looking for new effective ways to expand the shopping experience and create an ...

Infrastructure: CFR Infrastructura launches EUR 815 mln tender for upgrading Timisoara-Arad railway

Tuesday, October 27, 2020

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CFR Infrastructura, the company that manages Romania’s railway network, published on Monday, October 19, the tender announcement for modernizing the Timisoara - Arad railway ...

Blue Air resumes international flights from Cluj Napoca

Tuesday, October 27, 2020

Blue Air is going to introduce new routes to link Cluj Napoca with key destinations in Europe starting with March 2021, according to a press release of the airline.Blue Air is going to thus operate direct flights to thirteen key destinations in Europe operated from the "Avram Iancu" International Airport in Cluj Napoca, including two daily domestic flights to Bucharest.Moreover, Blue Air wants to strengthen its position as a leader in the ...

Israeli Ambassador: Brasov Airport could be the gateway for tourists wanting to see Transilvania

Tuesday, October 27, 2020

Brasov Airport has all chances to become the gateway for tourists who want to see the beauties of Transylvania, Israel's ambassador to Bucharest, David Saranga, said on Wednesday, adding that he impressed last year when he first found out about this project."This is the second time in the past week that I have been in Brasov and I really wanted to visit the airport. Tourists from Israel rank 1st in terms of the number of foreign guests visiting Brasov and the fact ...

Telecom. IT : President Iohannis: Romania well below EU average as regards digital technology integration, use of online services

Tuesday, October 20, 2020

In a message sent to the participants in the Innovation Labs-Demo Day 2020, President Klaus Iohannis points out that Romania is well below the EU average in terms of integrating digital technology or using online services, stressing that the next government must devote efforts to strengthening Romania's competitive edge."Romania continues to be well below the European Union average in terms of integrating digital technology or the use of online services. The share ...

Cars: Turnover in trade of motor vehicles and motorcycles down 12.2pct Jan-Aug

Tuesday, October 20, 2020

The turnover in the trade of motor vehicles and motorcycles decreased, between January 1 and August 31, 2020, compared to the similar period of 2019, both as gross series, by 12.2pct, and as a series adjusted depending on the number of business days and seasonality, by 11.7pct, according to the data published on Thursday by the National Institute of Statistics (INS).Thus, in the first eight months of 2020, compared to January 1-3 August 2019, the turnover in ...

APIA: Romanian automotive market shrinks 32 percent in nine months

Tuesday, October 20, 2020

Romania's automotive market shrank 32.3 percent in the first nine months of this year compared to the same period of 2019, yet sales of "green" cars continued their upward trend, jumping 8.6 percent YoY, shows data released on Tuesday by the Association of Automotive Manufacturers and Importers (APIA).Also, for the first time this year, September saw a significant increase in vehicle registrations (cars, commercial vehicles, minibuses and buses) compared to ...

Agriculture: Minister of Agriculture announces amendments to Law 175/2020 on farm land sales

Tuesday, October 20, 2020

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Agriculture minister Adrian Oros declared on Friday that the text of law 175/2020 on the sale of farm land, which came into force on October 13, must be amended so that the law could become applicable.He says that the way in which the law was drawn up confuses all people with ongoing transactions,  as it stipulates that demands recorded before the coming into force of legislative amendments should be solved according to the new procedures, not only requests ...

Agricultural services add 2pct to Romania's agricultural production value nationwide in 2019

Tuesday, October 20, 2020

  - In 2019, compared to 2018, the agricultural production index was 96.2% per total, 94.4% for crop production and 99.2% for animal production. - The value of agricultural services is generally insignificant, contributing in 2019 with only about 2% to the agricultural production value at national level.   Agricultural services added 2 per cent to the value of Romania's ...

The agricultural production value by development regions in 2019 - final data

Tuesday, October 20, 2020

- In 2019, compared to 2018, the agricultural production index was 96.2% per total, 94.4% for crop production and 99.2% for animal production.   - The value of agricultural services is generally insignificant, contributing in 2019 with only about 2% to the agricultural production value at national level.   In 2019, compared to 2018, the crop production ...

Infrastructure: TransMin Bode: 700kms of motorways, 300kms of expressways likely to be completed by 2024

Tuesday, October 20, 2020

Romania could have 700 kilometres of new motorways and 300 kilometres of expressways in the next four years, given the sections being worked on and those for which a start work order will be issued soon, Transport Minister Lucian Bode told RoInvest virtual conference on Thursday.He was asked how many kilometres of motorways will be completed in the next four years."We have important projects underway and we believe that 700 kilometres of ...

Real estate: Office rental volume reaches 57,000 sq.m in Romania, in quarter 3

Tuesday, October 20, 2020

The office rental market in Romania cumulated 56,730 sq.m. in quarter 3 getting close to the same period of 2019, according to an analysis made by a real estate consulting company.According to analysts , the 56,730 sq.m existing in the office rental market represents about 88% of the total recorded in the third quarter of 2019.   “For more than half of these areas, tenants prefer to remain in the ...

STUDY: Specialists estimate a price drop between 5 and 10% for apartments

Tuesday, October 20, 2020

Specialists estimate an average correction between 5 and 10% of the price of apartments in Romania, according to their location. For the rental segment, 28% of people interviewed in the study about the Covid 19 impact in the real estate market estimate drops that both in the rural and urban environment, according to RE/MAX Romania, part of the number 1 real estate and franchise group at global level in this ...

Trade: e-coomerce kept economy open and moving throughout the pandemic

Tuesday, October 20, 2020

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e-commerce held economy open and moving throughout the pandemic, said Florinel Chis, the CEO of the Romanian Association of Online Stores (ARMO), estimates being on the rise by at least 30% at the end of the year.   Eastern Europe marks the most important evolution on the continent, of about 27%, while Romania exceeds the average , estimates  growing by at least  30% until the end ...

Tourism: STUDY: Romanians, the main foreign tourists on Bulgarian sea coast in 2020

Tuesday, October 20, 2020

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Bulgaria was assaulted by Romanians this summer, as they were the main foreign tourists on the Bulgarian sea coast, with a share of 40% of total. Over 216,000 Romanians went to Bulgaria for their holidays in the first 8 months of the year, which is 20% of the number of foreign tourists, of whom 110,190 in August, according to a study made by Travel Planner, based on statistic data sent by the National Statistic Institute of ...

Over 4.2 million euros returned to customers affected by flight cancellations this year

Tuesday, October 20, 2020

Over 4.2 million euros were paid back to customers affected by flight cancellations this year, together with various solutions to recover that amount, according to statistics made by an online travel agency in Romania.   According to Vola.ro, about 95% of flights booked by their customers were canceled during the emergency state, 41,739 customers being affected by changes. Of them, 71% already received ...

Infrastructure: Blue Air celebrated the launch of the first direct low cost service between Bucharest to Amsterdam

Tuesday, October 13, 2020

Starting with October 9, 2020, Blue Air connects Bucharest with Amsterdam and with the whole world, providing its passengers with daily services to and from this key destination, at prices starting from 29 euro / segment. The welcome event organized at Schiphol Airport was attended by Marcel Lekkerkerk Marketing Director Route & Business Development Royal Schiphol Group, and Krassimir Tanev, Chief Commercial Officer Blue ...

Real Estate: CBRE takes over the property management of Ethos House Boutique Building in Floreasca

Tuesday, October 13, 2020

CBRE real estate consultancy agency was appointed to provide property management services for the Ethos House office building, located in Floreasca, in the north of the capital city. Ethos House is a boutique building, known for its remarkable architecture, which turned the project into one of the most “instagramable” places in Bucharest.   With a leasable area of about 8,000 sq m, Ethos House ...

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