RSS
Economic
Report: More than 500,000 Sq. M of logistics and industrial spaces were transacted in H1 2023
Tuesday, August 15, 2023
Companies leased nearly 550,000 sq. m of logistics and industrial spaces in the first half of the year, with over one third of this volume being related to pre-lease agreements, mainly in projects set to be delivered in 2024. There has been a slowdown of the development pace, as the main players on the market adopted a more cautious approach in the current macroeconomic context, an approach which will put pressure on rental levels in the coming months, according to data ...
Office players going the extra mile to accommodate hybrid work
Tuesday, August 15, 2023
With the development pipeline for new office projects being rather limited going into 2024, developers are instead working on enhancing experiences for tenant companies in a bid to accommodate various work arrangements that focus on flexibility. Office owners say that hybrid work is becoming mainstream and that workspaces can be adapted to improve the productivity and well-being of employees. In Bucharest, the largest ...
Smaller cities remain on retail developers’ radar
Tuesday, August 15, 2023
Retail projects totaling around 340,000 sqm are currently under construction across Romania, most of them located outside Bucharest, in cities such as Craiova, Alba Iulia, Arad, or Sibiu. While footfall in shopping centers and retail parks has returned to pre-pandemic levels, development trends are seeing players exploring smaller-scale projects in secondary and tertiary cities. In 2023, the total new annual supply is due ...
Retail Continues to Attract Significant Investment
Tuesday, August 15, 2023
Close to EUR 39 billion has been invested in the 12 months ending with Q1 2023 in European retail real estate, according to a report by BNP Paribas Real Estate. A sector breakdown in six European countries (Germany, UK, France, Spain, Italy, and Poland) shows that shopping centres recorded a surge of 56 percent in new investment year-on-year, while high street projects saw a 38 percent gain in fresh investment. Meanwhile, retail warehousing had recorded a 30 percent ...
Agriculture: State aid: The Commission approves a EUR 200 million Romanian scheme to compensate forest owners for exploitation restrictions
Tuesday, August 15, 2023
The European Commission has approved, under EU State aid rules, a EUR 200 million (RON 998 million) Romanian scheme aimed at compensating forest owners for uncut timber due to mandatory environmental requirements. This scheme aims to halt and reverse biodiversity loss, improve ecosystem services and preserve habitats and ...
Infrastructure: The travel boom is lifting airlines’ business
Tuesday, August 15, 2023
by eToro analyst for Romania, Bogdan Maioreanu In the first half of this year, small and regional European airports reached passenger traffic levels exceeding the prepandemic figures. Meanwhile, on average, the large, top 5 European airports are still below their 2019 levels, but the busy Summer traffic is still ongoing and airlines are already posting good financial ...
HiSky Launches Early Booking Campaign: Discounted Flight Prices Starting October 1st
Tuesday, August 15, 2023
On Monday, August 7th, HiSky kicks off its most significant discount campaign of the year. The special fares apply to all scheduled flights operated by the airline, booked between August 7th and August 13th, for travel between October 1st, 2023, and March 31st, 2024. Thus, passengers choosing to book a HiSky flight for the winter season, during the 7-day Early Booking campaign, will benefit from fares ...
Wizz Air inagurates new route from London Luton to Brasov
Tuesday, August 15, 2023
Wizz Air has launched its first flight from London Luton to Brasov in Romania, https://airlinergs.com/ reads. The new route commenced from London Luton this August. Including this new route, Wizz Air now ...
Telecom .IT: Government decided to authorize the Chinese company Lenovo to participate in Romania’s 5G network
Tuesday, August 15, 2023
The Presidential Administration explains, in a response to G4Media.ro, why the Supreme Council of National Defense (CSAT) endorsed the Government’s decision to authorize the Chinese company Lenovo to participate in Romania’s 5G network: the organisation operates under Hong Kong laws, which are based on the rule of law and the independence of the judiciary, under the principle of „one country, two ...
Cars: New vehicle registrations up 22 pct January through July 2023 v 2022
Tuesday, August 15, 2023
New car registrations increased in Romania, in the first seven months of 2023, by 22.2 pct, compared to the same period of the previous year, while "green" cars registered a 36.5 pct jump and reached a market share of 22.9 pct, according to data published on Thursday by the Association of Automobile Manufacturers and Importers (APIA).The passenger car segment accounts for approximately 84 pct of the total market and recorded a volume of 13,431 units in July ...
Real Estate: Romania's stock of modern retail space hits 4.23 ml sqm
Tuesday, August 8, 2023
Romania's stock of modern retail space totals 4.23 million square meters, placing it as the third market in Central and Eastern Europe after Poland and the Czech Republic, shows data published on Monday by real estate consultant Cushman & Wakefield Echinox.According to the report, in the first half of the current year, developers handed over four modern retail projects accounting for a total area of 30,000 sqm in Giurgiu, Calarasi, Dej and ...
Healthcare: HealthMin Rafila: There are therapeutic, financial resources for 200 spinal muscular atrophy patients
Tuesday, August 8, 2023
Health Minister Alexandru Rafila on Monday said that there are therapeutic and financial resources for 200 spinal muscular atrophy patients, and the early detection of this disease can improve the development and life expectancy of children with this pathology."Early diagnosis of this disease is accessible at the moment from a technological point of view. A reduced incidence of between 1 in 10,000 and 1 in 4,000 cases will not have a huge impact in terms of ...
Government approves National Cancer Registry setting up
Tuesday, August 8, 2023
The Government approved on Thursday the decision on setting up the National Cancer Registry, government spokesman Mihai Constantin announced."The Government Decision on the establishment of the National Cancer Registry was approved, which will shortly lead to a unitary collection of information on all types of cancer, in order to monitor the incidence of cancers at national level, assess and control the impact of this disease and substantiate public health ...
Tourism : Arrivals at Romania's tourist accommodation establishments, up 17.3pct in H1 2023
Tuesday, August 8, 2023
Arrivals at Romania's tourist accommodation establishments including apartments and rooms for rent in H1 2023 totalled 5.616 million people, up 17.3% y-o-y, according to data with the National Institute of Statistics (INS) published on Thursday.Of the total number of arrivals, the arrivals of Romanian tourists at tourist accommodation establishments made up 83.4%, while the arrivals of foreign tourists made up 16.6%.Overnight stays at tourist ...
Trade: eMAG Launches Dermato Shop, a New Online Shop-in-Shop Concept
Tuesday, August 8, 2023
eMAG is simplifying the way customers can find and order products for their entire family’s skincare routine and is launching the first shop-in-shop dedicated to dermato-cosmetic products. Under the umbrella of eMAG Dermato Shop, customers can easily discover a range of over 3,000 products for the whole family from top international and local companies in the cosmetic and beauty industry, such as L’Oreal, ...
Report: Romanians bought almost 7 billion euros online in 2022
Tuesday, August 8, 2023
Romanians shopped online for almost 7 billion euros in 2022, of which more than half was allocated to clothing and electronics, according to eBook eCommerce Growth Strategies data, the largest data and growth strategy report for online stores in Romania, made by Limitless Agency, a digital marketing agency. Thus, the average revenue per user generated in the e-commerce industry was 467 euros. The ...
Study: 83% Of Millennials And 93% Of GenZ Shop Online At Least Once A Month
Tuesday, August 8, 2023
Klarna, the AI-powered global payments network and shopping destination, announces the results of a study focused on GenZ and Millennials’ shopping habits. The data showcases how these two generations relate to the shopping journey, from researching their options to how they prefer to pay for ...
Air conditioner sales have doubled in first 7 months of the year
Tuesday, August 8, 2023
Sales of air conditioners doubled in the first 7 months of the year compared to the same period in 2022 and prices were lower by approximately 10%, according to e-commerce industry company evoMAG."With the greater desire to buy air conditioners, the diversity in the category has also increased. At evoMAG, we have doubled the stock of products and thus manage to ensure faster delivery of orders. Currently, evoMAG lists over 150 available models, from over 20 ...
Home&Deco, The Star Segment In The First 6 Months In Ecommerce
Tuesday, August 8, 2023
The analysis conducted by MerchantPro, a local SaaS eCommerce solutions platform, based on data from active online stores in both 2023 and the first half of 2022, reveals an 8.5% increase in sales compared to the same period last year. In terms of the number of orders placed by customers this year, the growth remains moderate (+6%). According to the data analyzed by MerchantPro, the most dynamic market ...
Infrastructure: European Union Aviation Safety Agency notified with respect to Wizz Air flights in Romania
Tuesday, August 8, 2023
The European Union Aviation Safety Agency has been informed about the issue of flights operated by Wizz Air from Romania, in order to implement the relevant legislation, Bogdan Mindrescu, secretary of state with the Ministry of Transport and Infrastructure, posted on his Facebook page on Saturday."Today we had a series of concrete discussions regarding flight cancellations, operating delays and the situation of Wizz Air company passengers in Romania. (...) I ...