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Trade: Victoria’s Secret to open store at Baneasa Shopping City

Tuesday, March 19, 2019

Victoria’s Secret will open a store in Romania in Baneasa Shopping City in the last quarter of this year, where the entire range of branded products will be traded. Baneasa Shopping City announces that the opening of Victoria’s Secret’s first store in Romania is scheduled for the last quarter of this year, digi24.ro informs. The store will have an area of over 500 square meters and will be located on the ...

Telecom.IT: Romania is 5th in the world for Internet speed in 2018

Tuesday, March 19, 2019

Romania ranked 5th in the world in 2018 for Internet speed, after Singapore, Sweden, Denmark and Norway, a thing which also attracted besides benefits, cyber risks, said Gabriel Mazilu, former deputy director of Cyberint National Center, within SRI, at a specialized forum. “Although the field of cyber security was set up in 2008, in Romania, on the occasion of NATO Summit in  Bucharest, in 2010 this country started setting up cyber security ...

Real Esatate: OTP Bank Romania: the volume of financing for real estate projects, almost double in 2018

Tuesday, March 12, 2019

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In 2018, OTP Bank Romania recorded a significant increase in the volume of corporate finance in real estate sector by 43.8%, compared to 2017. The evolution was due to the increased appetite of real estate developers, especially for office buildings, which resulted in an increased demand for financing in the real estate industry. The financing granted by OTP Bank Romania in 2018 was for residential projects, office buildings (development of new ...

GLL Real Estate Partners puts up for sale EUR 110 mln office building in Bucharest

Tuesday, March 12, 2019

German asset management company GLL Real Estate Partners has put up for sale the Floreasca Park office project located on Pipera road near the intersection with Barbu Vacarescu boulevard, according to data from the real estate market, quoted ...

Statistics: Approximately 60,000 dwellings completed in Romania, in 2018, 60 pct of the total in urban environment

Tuesday, March 12, 2019

Almost 60,000 of new dwellings were completed in Romania in 2018, a growth by 6,424 dwellings against the previous year, according to the provisional data released by the National Institute of Statistics (INS) on Friday.By area of residence, the official statistics shows that, out of the total 59,725 completed dwellings, there is a growth in the weight of completed dwellings in the urban environment (from 54.9 per cent in 2017 to 58.4 per cent in 2018), but also a ...

Globalworth starts construction of the Globalworth Square office building

Tuesday, March 12, 2019

Globalworth office investor in Romania and Poland, has started construction of the Globalworth Square office building. Located in the Barbu V?c?rescu area of the New Business District in Bucharest, between Globalworth Plaza and Green Court, the project will have a total leasable area of approximately 28,000 sqm, spanning 14 floors of office space and three underground floors for parking, while the ground floor will include facilities such as a restaurant and various retail ...

Cars: Dacia posts 17 pct growth on German market in February

Tuesday, March 12, 2019

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Dacia continues to improve its performance in Germany, Europe’s largest auto market. In February, the Romanian carmaker registered almost 6,000 cars in Germany and exceeded 12,000 in the first two months of the year combined, according to profit.ro. Not all brands in Germany recorded growth at the beginning of this year, but Dacia gained 17 percent in February, with a total of 5,849 units registered. The company remains in the top 20 of the ...

More than 45% of Romanian cars are older than 15 years

Tuesday, March 12, 2019

There are 6.4 million cars registered in Romania, of which less than 550,000 are under five years old while over 3 million are over 15 years old, according to the car registrations and driving licenses registry DRPCIV data. In two years, the share of cars older than ten years has increased from 71% to 79%, ...

Infrastructure : Record traffic in 2018 Romanian airports: passenger numbers up 7.9 pct to 21.8 mln due to international flights

Tuesday, March 12, 2019

The 16 airports in Romania have posted a 7.9 percent increase in passenger numbers last year up to 21.8 million, an all-time high due to international flights, while domestic passenger traffic slightly increased, according to figures released by the National Institute of Statistics (INS). Total passenger numbers on the Romanian airports have increased from 20.22 million in 2017 to 21.82 million in 2018. International passenger ...

Porr Construct to build first section of Pitesti-Sibiu motorway

Tuesday, March 12, 2019

  Romanian transport minister Razvan Cuc announced on March 6, at Campia Turzii, that Austrian company Porr Construct won the auction for the first 13 kilometers of the Sibiu-Pitesti motorway, namely the Sibiu-Boita segment. The state company in charge of infrastructure projects - CNAIR confirmed that Porr won the tender with a financial offer of EUR 129 million, VAT not included, or EUR 9.7 million per ...

Healthcare: Market of medicines without prescription, food supplements and medical care devices grew by 14.4% in 2018

Tuesday, March 5, 2019

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The market of OTC products in Romania, which includes medicines without medical prescription, food supplements and medical devices for personal care, recorded an increase of 14.4% in 2018, compared to the previous year, according to the Romanian Association RASCI. The overall value of this market segment was 3.552 billion lei in 2018, from 3.104 billion lei, recorded in 2017. In the last quarter if 2018, the total value of the ...

Tourism: 38% more tourists went on cruises in 2018

Tuesday, March 5, 2019

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Croaziere.net travel agency announced that last year they recorded an increase by 37.5% of the number of tourists who went on cruises, to 11,000, while prices dropped in the last years. The agency recorded 8,000 passengers in 2017, by direct and indirect sales, while in 2008 they had 11,000 Romanian passengers (37.5% increase). The price of a cruise can start from 300 euro per person, a package including all meals, cabin accommodation, parties and ...

The tourism up 5pct in January 2019

Tuesday, March 5, 2019

Compared to the corresponding month of the previous year, the arrivals in the establishments of tourists’ reception with functions of tourists’ accommodation increased by 5.0 %, while the overnight stays increased by 8.2% in January 2019. Compared to January 2018, in January 2019 customs registered an increase in the arrivals of foreign visitors of 5.1 % and an increase of 4.6% in the departures abroad ...

Cars: Romanians buying more new cars in 2019; Domestic brands record strong growth

Tuesday, March 5, 2019

Statistics released by the Automotive Manufacturers and Importers Association (APIA) on new car sales show a 21.6 percent growth of the auto market in Romania at the beginning of 2019 compared to the previous year, http://business-review.eu informs. In January 2019, 8,832 cars were sold locally, with 2,406 cars from domestic brands Dacia and Ford (a 49.5 percent growth compared to January 2018) and 6,426 import ...

ACEA:Romania’s car production exceeds Hungary and Poland’s in 2018, ranks eighth in EU 

Tuesday, March 5, 2019

Romania ranked eighth last year in the European Union for car production, having exceeded Hungary and Poland, but remained far below Slovakia and the Czech Republic, according to a report by ACEA. The report shows that most of the cars imported by the EU come from Japan and Turkey, while the US and China are the main export destinations. For buses and commercial vehicle, Turkey is the main country where the EU exports. The ACEA ...

Telecom. IT: 5G technology familiar to 34% of Romanians

Tuesday, March 5, 2019

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Over a third of Romanians (34%) heard about 5G technology, while about a quarter (22%) know about Internet of Things (IoT), according to a study made by the National Authority for Administration and Ruling in Communications (ANCOM). In this context, 4% of people own intelligent objects which can be connected, the typical IoT user in Romania being a young person with college degrees, high incomes and living in the urban ...

Romania’s IT&C exports in 2018 reach record value of EUR 4.5 billion

Tuesday, March 5, 2019

Romania’s IT&C services exports reached a record value of EUR 4.5 billion in 2018, a 15 percent growth compared to 2017, according to data from the National Bank of Romania (BNR) quoted by http://business-review.eu. Their value exceeded that of the agriculture sectors, where exports are worth EUR 4 billion, ZF.ro reports. The IT&C sector in Romania employs 183,000 people. Compared to five years ago, the sector’s exports have ...

Trade: E-commerce market in Romania to reach EUR 4.5 billion in 2019

Tuesday, March 5, 2019

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E-commerce is one of the fastest growing sectors, a market that will exceed EUR 3.5 trillion by 2020, according to the Statista. Romania is no exception, with a market that is constantly developing and rapidly pursuing global trends and estimates of EUR 4.5 billion in value in 2019. “PayU estimates that this year, the Romanian e-commerce market will exceed 4.5 billion euros. Romanian traders must be aware of the new trends, with cross-border ...

Survey: Consumer goods industry rises 6pct in 2018

Tuesday, March 5, 2019

The consumer goods industry rose by 5.7pct in 2018 compared to 2017, the increase being mostly due to inflation, according to a specialist survey.According to Eurostat, the rise in food prices was 4pct last year. Consumption grew slightly but the Romanians did not migrate to higher price segments.From the point of view of purchasing behavior, families in Romania went shopping as often as in the previous year, while the average purchase price increased ...

Infrastructure : TAROM to resume Bucharest-Cairo flights

Tuesday, March 5, 2019

The TAROM SA National Air Transport Company resumes, as of 3 April, Bucharest-Cairo direct flights, a company release informs.TAROM will have two flights per week, with departures and round-trip on Wednesday and Sunday.The prices start at 193 euro for a round-trip, with hold baggage (23 kg) and hand baggage included. This price includes all fees, on-board catering and airport ...

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