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Economic

Prices for residential properties up 0.7 pct in Q3 2018

Tuesday, November 6, 2018

Against the backdrop of a reduction in the number of domestic real estate transactions, the growth rate of housing prices has continued to slow down in the third quarter of 2018. According to the latest market report by imobiliare.ro, residential properties available for sale in Romania appreciated by only 0.7 percent compared to the previous three months. The annual growth rate of prices (T3 2018 versus T3 2017) is currently at 5.6 percent – in ...

Telecom. IT: Average data transfer speeds grew both for fixed and mobile internet in semester 1, 2018

Tuesday, November 6, 2018

Average data transfer speeds experimented by Romanian internet users in the first semester 2018, have grown both for the fixed internet (+14%) and mobile internet sections (+16%), compared to semester 2, 2017, according data supplied by Netograf.ro, published by the National Authority of Administration in Communications (ANCOM). Following the tests made by the application developed by ANCOM, in the first 6 months of 2018, the average fixed internet ...

ANCOM: Over 5.1 million phone numbers ported in 10 years

Tuesday, November 6, 2018

ANCOM announced on Monday that 5.1 million phone numbers have been ported in the ten years since the portability service was launched. On October 21, 2008, when the service was launched, to mid October 2018, 5.12 million numbers have been ported, of which 4.39 millions are mobile phone numbers and 740,111 are fix numbers. After the first 10 years, RCS&RDS is the supplier with most mobile phone numbers obtained by porting ...

Infrastructure: Platform no.1 of Henri Coanda Airport to be extended by contract of 12.7 million lei

Tuesday, November 6, 2018

Platform no.1 of Henri Coanda International Airport will be extended by 15,000 sq.m, four new parking positions by a contract of 12.7 million lei, signed with the association between Napoca Construction Society and UTI Grup, the National Airport Company Bucharest (CNAB) informs. The execution will last 6 months. The new parking positions will have modern lighting installations to ensure safety of operations in reduced visibility ...

New train to be introduced on Cluj-Budapest-Vienna route

Tuesday, November 6, 2018

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Romania's CFR Calatori national railway passenger corporation in cooperation with MAV Start (the National Railway Company of Hungary) and OBB (the Austrian Federal Railways) have decided to introduce a new train on the Cluj Napoca - Budapest - Vienna Hbf route and back, starting with the 2018-2019 railway timetable."The IR 144 and IR 143 trains on the Cluj Napoca - Budapest - Vienna Hbf and back, don't belong to a single operator, being made up of the CFR Calatori ...

Cluj Napoca's municiplity plans to have subway

Tuesday, November 6, 2018

Another Romanian city, after Bucharest, plans to have subway. The municipality in Cluj-Napoca, central Transylvania have such a project in store, worth more than EUR 75 million. The city hall will launch the call for tenders on pre-feasibility study of the future metro in the upcoming days, as Cluj mayor Emil Boc ...

Bucharest airports 9-month traffic up 7.5 pct y/y to 10.5 million passengers

Tuesday, November 6, 2018

The National Bucharest Airports Company (CNAB) reported a traffic of almost 10.51 million passengers in the first nine months of the year, a 7.57 percent growth compared to the same period of 2017, with the most passengers recorded in August (1.43 million), http://business-review.eu informs. The number of aircraft movements (landings and departures) increased between January and September 2018 on both of ...

Cars: DRPCIV : New cars sales – the highest level in the past ten years

Tuesday, November 6, 2018

The new cars sales have reached the highest level in the past ten year, up by 35% against the same period last year, while the sales of imported second-hand cars has fallen by 8% against last year, but remains strong, with volumes 3.5 times larger than the new cars, autovit.ro informs. The analysis was conducted on the basis of figures provided by the Directorate for Driving Licenses and Vehicle Registration Regime (DRPCIV). The ...

Agriculture: Romania may be in 2018 the largest maize producer in Europe

Tuesday, October 30, 2018

Romania will surpass France this year, from the point of view of maize production, which makes the French newspaper ‘Le Monde’ writes about a market vampirization. Romania would harvest this year between 14.5 and 15 million tons of maize, compared to only 11.8 million tons in France, which means that Romania will take over the crown as the largest European maize producer, according to an estimate of the General Association of Maize ...

Tourism: Over 70% of the hotels were classified with 2 and 3 stars on July 31 this year

Tuesday, October 30, 2018

Romania had 36 five-star rated hotels as of July 31, 2018 and 367 four-star hotels, but three-star travellers accommodation facilities account for the bulk of 52.1 percent in terms of numbers, while two-star hotels make up 20.6 percent of the total, shows data released on Monday by the National Institute of Statistics (INS).Of the total hotel accommodation capacity, three-star hotels account for 43.3 percent, two-star hotels for 23.9 percent, four-star hotels for ...

New ibis Styles Bucharest City Center, expected to open in Q1 2020

Tuesday, October 30, 2018

Orbis Hotel Group, a leading hotel operator in Eastern Europe and a strategic partner of AccorHotels, further strengthens its leading position in the Romanian capital by signing a management contract for a new ibis Styles hotel that will open in the city center in 2020. “Eastern Europe offers new, exciting destinations for both corporate and leisure travelers from around the globe. On top of that, the economies of ...

Rome, Milan and Alghero are the most popular destinations for Romanian tourists this autumn

Tuesday, October 30, 2018

Roma, Milano and Alghero (Sardinia) are the most popular tourist destinations for Romanians this autumn, according to an analysis by the online travel agency Fly Go quoted by http://business-review.eu. The three cities that lead the tourists’ preferences are all in Italy. “Thanks to the very good air connections with Romania, Italy offers some of the most affordable city break destinations for ...

Cars: Approx. 20.2 pct surge in new cars sales in Romania, January through September

Tuesday, October 30, 2018

 The number of new cars sold in Romania in the first nine months of the year reached 134,831 units, which is a growth by 20.2 per cent compared with the same period of 2017, while the second hand cars sales recorded a plunge of 8.3 per cent in the same interval, down to 346,918 units.A distinct segment was that of electric and hybrid cards, on which the specialists say Romania will record the highest growth in the European Union (EU) this year, in terms of ...

Real Estate: Over 1 mln sqm of industrial spaces to be commissioned this year

Tuesday, October 30, 2018

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The commissioning of spaces for the industrial sector will exceed this year in Romania the level of 1 million sqm, up by more than 70pct compared to the 2017 data, reveals a specialized analysis, made public by a real estate consulting company.According to the Activ Property Services data, out of a total of 1.02 million sqm nationally estimated, so far more than 540,000 sqm of industrial spaces have already been commissioned, with the remainder of the projects ...

LPP to build a 22,000 sqm warehouse close to Bucharest

Tuesday, October 30, 2018

Polish retailer LPP signed a contract with WDP for construction of an warehouse near Bucharest. LPP wants to increase the warehouse space at 270,000 sqm în the forthcoming years. For the moment the warehouse will have an 22,000 sqm area to function ans an fulfilment center dedicated to ligistics support for e-commerce sales of all the brands that belong to LPP. The retailer plans to increase the area of the warehouse to ...

Total real estate investments in Romania down 13 pct in January-September 2018

Tuesday, October 30, 2018

Real estate investments dropped 13 per cent in Romania January through September 2018, compared with the same period of 2017, down to 520 million euros, with estimates made known by real estate consultants at a press conference indicating a volume of 800-900 million euros by December 31, 2018.Transactions in Bucharest represented 76 per cent of the total volume of transactions recorded at national level, in the context in which liquidity continues to improve in ...

Demand for home rentals dropped in Cluj-Napoca

Tuesday, October 30, 2018

The most sought-after rentals in this period, which attract long-term tenants and better returns, are the apartments with a surface of up to 42 square meters and those with 4 rooms, as well as houses. After the capital, one of the most effervescent cities in terms of its rental market remains Cluj-Napoca, where the segment’s growth started in 2014, when the demand was very high, shows Re/Max Romania’s data. The ...

Telecom. IT: ANCOM : State should win an important amount in the 5G auction, companies should be able to invest

Tuesday, October 30, 2018

The state should win as much as possible from the 5G auction, but the companies too should be able to invest in the network, in the context in which the frequencies are still this country's resources, the same as the resources from the Black Sea are, Sorin Grindeanu, the head of the Authority for Management and Regulation in Communications (ANCOM), said."I have announced many times that we wish in 2019 to be able to organise the auction for the 5G. This is an ...

Infrastructure: Commissioner Cretu: European Commission has prioritised completion of Romania's international transport network

Tuesday, October 30, 2018

The completion of Romania's international transport network, including the Sibiu-Pitesti section, is a "priority" with the European Commission, European Commissioner for Regional Policy Corina Cretu told a news conference in Bucharest on Monday."To the European Commission, it is a priority to complete the international transport network that includes the link between the Republic of Moldova and Western Europe. And the Sibiu-Pitesti portion, which is the missing ...

President Iohannis reiterated support for Targu Mures - Iasi - Ungheni motorway project

Tuesday, October 30, 2018

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President Klaus Iohannis received on Thursday at the Cotroceni Presidential Palace a delegation of representatives of the "Moldova Wants Highway", "Together for A8" and "Pro Infrastructure" associations, emphasizing on the occasion that despite constant support from the European Commission and available EU funding in the necessary amount, there is no governmental will to materialize the Targu Mures - Iasi - Ungheni motorway project."The President of Romania ...

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