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Real estate: Average price of new houses went up to 1,709 euros/sq.m in Bucharest in semester 1
Tuesday, September 10, 2024
The average price of new houses in Bucharest went up to 1,709 euro/sq.m, in semester 1, 2024, on the rise by 29% compared to the same period of 2019, when it was 1,329 euros, said Razvan Ionescu, commercial manager at Imobiliare.ro. “Rising prices have not stopped in the last 5 years. There were times of uncertainty, but the increase was almost continuous and I have figures that show what happened ...
Companies Leased New Offices For Around 8,000 Employees During H1 2024
Tuesday, September 10, 2024
The net office take-up in Bucharest across Q2 exceeded the renewal and renegociation transactional volume for the first time during the last two years, with a positive impact on the average vacancy rate, given that no new office projects were delivered in H1, according to data from the Cushman & Wakefield Echinox real estate consultancy company. Close to 77,000 sq. m of office spaces were leased in ...
Romanian real estate investment market could reach 1 billion euro this year
Tuesday, September 10, 2024
The Romanian real estate investment market could again reach the threshold of 1 billion euros in 2024, under the conditions in which the first half of the year ended with a total value of 419 million euros, according to the report made by Colliers consultants on the evolution of the real estate market in the first semester of this year."The first half of 2024 ended with real estate transactions worth a total of 419 million euros in Romania, which represents ...
Infrastructure: Passenger air transport grew by 5% in semester I, 2024
Tuesday, September 10, 2024
Passenger air transport went up by 4.9% to 11,839,500 passengers in semester 1, 2024, compared to the same period of 2023, when it recorded 11,287,100 passengers, according to data released by the National Statistics Institute. “Air transport is one of the most used transport means by passengers who want to travel long distances in a short period of time. This transport means is more often used on ...
Air freight services went up 7.4% in semester 1, 2024
Tuesday, September 10, 2024
Air freight services (including mail) went up by 7.4% in semester 1, 2024, compared to the same period of 2023, to 24,400 tons to 26,200 tons, according to INS data. The highest shares of air freight were registered at Henri Coanda-Bucharest, with 7,100 tons of freight loaded and 11,900 tons of freight unloaded; Avram Iancu, Cluj-Napoca – 1,800 tons of freight loaded and 2,000 tons unloaded and ...
Agriculture: Farmers says crop and sunflower crops to record high losses because of drought
Tuesday, September 3, 2024
Corn crops will record high losses this year, of over 30%, because of the drought, while sunflower crops will recorded losses to exceed 25%, with the situation in agriculture in terms of agricultural production being much worse than last year, the head of the League of Agricultural Producers Associations of Romania (LAPAR), Nicu Vasile, said."In my opinion, corn losses will be more than 30%. We are not doing very well with sunflower either. ...
Healthcare: National health care system expenses, up 4.7% in 2022
Tuesday, September 3, 2024
The national health care system as a whole recorded current expenditures of 80.56 billion lei in 2022, up 4.7% compared to the previous year, according to data from the National Institute of Statistics (NIS), published on Friday.According to the statistics, 77.8% of the sources of financing in the health sector, or 62.66 billion lei, were public funds.Thus, in 2022, current expenditure for health amounted to 80.56 billion lei, an increase of 4.7% compared to ...
Real Estate: One United Properties restored One Gallery, a multifunctional hall for theatre performances, cultural events, as well as a museum area
Tuesday, September 3, 2024
One United Properties, the leading green investor and developer of residential, mixed-use, and office real estate in Romania, is currently carrying out restoration works on the former Ford Hall in Bucharest, which will be modernized into a sustainable mixed-use space. After restoration, it will open under the name One Gallery and will include, in addition to modern offices and a unique food market concept, ...
Top Investor Countries In Romania’s Real Estate 2024
Tuesday, September 3, 2024
The number of commercial real estate assets purchased by Romanian investors is by far the highest in the ranking, with a total of 12 properties acquired, priced between €1.4 million and €44.7 million, from the beginning of this year until the end of August 2024.The most significant acquisition by a Romanian investor this year was the Iride office complex in the Pipera area of Bucharest, purchased by Alin Niculae. Romanian investors have bought office buildings, hotels ...
PPF Real Estate Selects Strabag Romania as General Contractor for ARC Office Building in Bucharest
Tuesday, September 3, 2024
PPF Real Estate announces it has chosen the Romanian unit of Strabag as the general contractor for the construction of ARC, a premium office building to offer 30,000 square meters of space in one of Bucharest’s expanding commercial districts near the Basarab metro station. The ARC project is PPF Real Estate’s first development project in Bucharest, adding to the company’s existing office spaces available at Metropolis Center and ...
Tourism : Analysis: Romania is still below global standards on the luxury hotel market
Tuesday, September 3, 2024
The global luxury tourism industry will reach the value of 2.3 billion dollars by 2030, while Romania is still behind global standards of this market, with a smaller share of high-end facilities, says the latest edition of the 'Romania Hotel Market' report, published on Monday. According to Crosspoint Real Estate, the creator of the report, 13 important hotel projects are expected to be delivered locally, including five 5-star hotels and six 4-star ...
Infrastructure: New Coradia Stream Trains from Alstom in Romania: Testing Completed and Ready for Launch
Tuesday, September 3, 2024
Alstom has completed dynamic tests of the Coradia Stream trains for Romania, marking a significant step towards their entry into service, this is reported by the railway transport news portal Railway ...
Agriculture: Seven million hectares of farmland to be ensured against drought under singular mechanism
Tuesday, August 27, 2024
Romania will insure seven million hectares against drought under a singular mechanism in Europe by offering an insurance premium of RON 3,000 per hectare, Agriculture Minister Florin Barbu told a conference on great challenges and risks generated by climate change.And this is possible because "we have set up a risk fund under which 3% of the subsidy from the European Union is withheld from farmers, and by applying this mechanism under which we ...
Cars: Favorite used cars in Romania in H1 2024: Volkswagen, Audi, and BMW dominate the market
Tuesday, August 27, 2024
Over the years, Romanian buyers’ loyalty to German cars hasn’t diminished. This was revealed by a study conducted by the car data company carVertical, which identified the most checked car models in the first half of 2024. Among the most popular are used models from the Volkswagen, Audi, and BMW brands. The Volkswagen Passat remains the most desired car in the secondary ...
Real Estate: Colliers: Interest in the local land market remains moderate
Tuesday, August 27, 2024
The first half of 2024 in the land market witnessed more the completion of transactions that had been initiated some time ago, rather than the start of new negotiations, as investor interest in land acquisitions remained relatively limited, according to Colliers’ report on real estate market trends for the first half of the year. The retail and residential sectors continued to be the primary drivers of market growth. Meanwhile, Colliers consultants observed a rise in ...
Tourism: Bucharest leads CEE in hotel supply growth from 2024 to 2026
Tuesday, August 27, 2024
The demand on the Bucharest hotel market in the first half of the year compared to the same period of 2023 had experience an increase of 3%, however, it remained below the 2019 level, according to data from the real estate consulting company Cushman & Wakefield Cushman & Wakefield. Moving forward, according to Oxford Economics, Bucharest is projected to fully recover and exceed 2019 ...
Telecom.IT : Romania’s EUR 5 Billion Plan for Digitalization and AI Implementation AI Could Increase Organizational Revenue by Up to 10%
Tuesday, August 27, 2024
International data points to an upward trend in the use of artificial intelligence (AI) technologies, and this growth is associated with promising prospects for organizational revenues, according to an analysis by the communication agency Businessing and the company Gov-Smart. Forecasts indicate that in the coming years, companies integrating AI into their activities could see significant revenue growth, with increases ...
Trade: Jan - April beverage exports advance 26.5 pct YoY
Tuesday, August 27, 2024
Romania's beverage exports in the first four months of this year amounted to EUR 130 million, up by 26.5 percent compared to the year-ago period, shows data released by the National Institute of Statistics (INS).Beverage imports over the interval January - April totaled EUR 205 million, 8.9 percent down year-over-year.FOB exports of alcoholic, non-alcoholic beverages and vinegar to EU countries in the reporting period totaled EUR 89.6 million, ...
Four months into 2024 Romania imports meat, processed meat worth EUR 599 million
Tuesday, August 27, 2024
In the first four months of 2024, Romania exported live animals in the amount of 195.8 million euros and meat and processed meat of 205.3 million euros and imported live animals in the amount of 83.1 million euros, respectively meat and processed meat meat of 599 million euros, according to data centralized by the National Institute of Statistics.Exports of live animals increased by 0.9% compared to the same period in 2023, and imports by 29.4%, while ...
Infrastructure: Romania eyes new Danube River bridge
Tuesday, August 27, 2024
The announcement by Romania’s minister for transport, Sorin Grindeanu, comes as the Friendship Bridge, connecting Giurgiu in Romania and Ruse in Bulgaria, is closed for repairs, https://www.worldhighways.com/ ...