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Czech PPF Real Estate close to buying Crystal Tower for over EUR 40 million

Tuesday, September 25, 2018

Czech investment fund PPF Real Estate, founded by Petr Kellner, is close to acquiring Crystal Tower, the first Romanian office building equipped with a heliport, for more than EUR 40 million, market sources told BR. Two years ago, PPF Real Estate bought Metropolis Center, a 19,000-sqm building in Bucharest for around EUR 50 million, in its first Romanian real estate market investment. Crystal Tower is a class A office building ...

Infrastructure: Astra Trans Carpatic invests 20 million euro in new railway routes

Tuesday, September 18, 2018

Astra Trans Carpatic railway company invested 20 million euro in opening new railway routes, following the purchase of 15 trains from Danish Railways. The company controlled by Arad businessman Valer Blidar, put in operation the first train purchased, on the route Timisoara-Arad- Satu Mare- Baia Mare, offering luxury conditions to passengers. The fourth train will be launched on the route Timisoara-Arad-Oradea-Cluj in December, while the other trains will put in circulation ...

Commissioner Cretu asks Transport Ministry to prepare mature projects for European financing

Tuesday, September 18, 2018


European Commissioner for Regional Policy Corina Cretu called on Romania's Transport Ministry to prepare "mature projects" for European financing."There are issues with regard to the administrative capacity, red-tape has not been curbed yet, procedures have not been reduced and the transport domain is one in which Romania has incurred losses. (...) We are analysing the Bucharest North Railway Station and the Henri Coanda International Airport Metro Line project, ...

Green light for new airport în Brasov

Tuesday, September 18, 2018

Brasov County Council will invest EUR 22 million in building the passengers gate of the future international airport Brasov-Ghimbav, which will have a total area of 11,000 sqm and three levels. According to the architect in charge of the project, the works will be concluded in about one year and a half. “We estimate to launch the public tender and sign the contract this autumn, while construction works are planned to start ...

European Commission announces it will finance Line 6 (1 Mai - Otopeni) of the Bucharest metro project

Tuesday, September 18, 2018

Line 6 (1 Mai - Otopeni) of the Bucharest metro project will be financed by the European Commission, with negotiating being underway over the maximum amount of non-reimbursable funds to be allocated under the operational programme infrastructure, according to the Romanian Transport Ministry."The European Commission has announced the Ministry of Transport that it will finance the metro line that will provide underground transportation to Henri Coanda International ...

Telecom. IT : Study: Local software and IT service market posted increased below expectations in 2017

Tuesday, September 18, 2018

According to the latest study by ANIS – The Employers’ Association of the Software and Services Industry, the local IT and software market has increased by only 2.1% last year, reaching EUR 975 million. The total turnover of the IT sector has increased by 11 percent in 2017, compared to 2016, reaching the threshold of EUR 4 billion. Analysts had estimated the threshold will be exceeded in 2017. For 2018, the forecast is that total revenues generated by the ...

Agriculture: Romania ranks first in Europe for honey production

Tuesday, September 18, 2018

Romania ranks first in Europe for honey production, with over 30,000 tons in 2017, which means 13% of honey production in Europe, said Dumitru Botanoiu, secretary of state in the Ministry of Agriculture and Rural Development (MADR). MADR data show that honey production obtained in 2017 (Eurostat source) exceeded 30,000 tons, on the rise compared to 2016, when 21,202 tons were obtained. As for bee families, there was an increase from 1,437,394 families ...

EU Commissioner Hogan: direct payments for Romanian farmers to increase after 2020

Tuesday, September 18, 2018


Direct payments for Romanian farmers will increase through the proposal for the post-2020 agriculture budget, European Agriculture and Rural Development Commissioner Phil Hogan told a press conference on Thursday, adding that he hopes to do more under the Romanian Presidency of the Council of the EU, as of 1 January 2019 He stated that people want to know what will be the budget after 2020 and, taking into account that the UK will leave the EU, thus results ...

Romania to register “excellent” maize crop this year 

Tuesday, September 18, 2018

Romania is among the few countries in the European Union to post “excellent” maize crop this year, as production in many regions is affected by hot and dry weather over the summer, while poor quality offsets Romania’s large wheat output, according to French consultant Consultancy Strategie Grains, cited by Reuters. In a report published on Thursday, Consultancy Strategie Grains cut its outlook for grain maize production in the EU by ...

Healthcare: Study: 10% of monthly household expenses allocated to pharmaceutical products

Tuesday, September 18, 2018


About 10% of monthly household expenses are for pharmaceutical products, this type of goods having a relatively constant price in the past year, while the sector profitability went up from 3.1% in 2015, to 3.9% in 2016, according to a study on trade of pharmaceutical products published by Coface on Friday. “About 70 lei was spent monthly for pharmaceutical products, exceeding only two of non-food products - tobacco and fuel,” the study ...

Commissioner Cretu: I hope construction of regional emergency hospitals to kick off by end-2019

Tuesday, September 18, 2018

European Commissioner for Regional Development Corina Cretu declared on Friday, in Cluj-Napoca, that she hopes for the construction works of the three regional emergency hospitals to kick off by the end of next year. "There were delays and I will never shy away from warning member states when there are delays, as regards the infrastructure for important investments, but, now, the European Investment Bank (BEI) has carried out the feasibility studies for the ...

Cars: APIA: 103,824 new cars registered in first 8 months of 2018

Tuesday, September 18, 2018

In the first eight months of 2018, 103,824 new cars were registered, on the rise by 51.9% compared to 2017. 28,546 new cars were registered in August, on the rise by 137%, compared to August 2017, the Association of Automobile Manufacturers and Importers (APIA) informs. “Overall new registrations in the first 8 months of 2018, reached 103,824 units, which represent 51.9%, compared to 2017. According to data communicated today (Friday), by DRPCIV, ...

Real estate: Study: Cheaper apartments in Bucharest, more expensive in Brasov, Cluj Napoca or Timisoara

Tuesday, September 18, 2018


The latest Imobiliare.ro study, presented on Friday, shows that apartments are cheaper in Bucharest, but continue to grow in regional centres. In Bucharest, demands of apartment sellers dropped by 1.2% last months, from 1,318 to 1,302 euros/square meter. Drops were recorded on both market segments analysed; apartments in old apartment buildings depreciated less, by 0.6% (from 1,239 to 1,231 euro/sq.m) while newly built units recorded a decline of 2% ...

Analysis: Large, furnished apartments and villas most in demand for rentals in H1

Tuesday, September 18, 2018

Most rental demands for premium housing were registered for 3 room apartments, a third of total transactions in the centre-northern area in Bucharest in the first semester of 2018, most tenants being foreigners (over 80%). Luxury tenants are looking for large housing units, completely furnished, in premium areas, while students are looking for small, cheap, one or two-room apartments, according to an analysis made by ...

Infrastructure: Cluj-Napoca 'Avram Iancu' Airport hits 2 million passengers milestone

Tuesday, September 11, 2018

Cluj city's international airport "Avram Iancu" festively celebrated having reached the mark of 2,000,000 passengers a year; the airline hub targets a 7-ml strong traffic by 2030.In 2018 we hit the 2-million passengers mark together with Tarom, our traditional partner that celebrates its 64th anniversary on September 18; for 64 years now the Cluj International Airport has been working together with Tarom. We have major development plans, as we estimate reaching a traffic of about ...

Eurostat: Romania is among top spenders on transport in the EU, but has the poorest infrastructure

Tuesday, September 11, 2018

Romania is the fifth largest spender on transport among the 28 European Union member states, but with poor results, being seen as the country with the poorest infrastructure in the EU, Eurostat data show quoted by http://business-review.eu. In 2016, Romania’s government spent 3.1 percent of the gross domestic product (GDP) on transport, the fifth highest percentage in the EU, after Luxembourg (3.7 percent), Hungary (3.5 percent), the Czech Republic (3.5 percent), and Slovakia ...

NGO: Government’s PPP solution for Bucharest-Brasov highway is a disaster

Tuesday, September 11, 2018

The Pro Infrastructura Association wrote a post on Facebook on Monday criticizing the public-private-partnership project approved last week by the Dancila government for the A3 Bucharest-Ploiesti-Brasov highway, saying that it represents an “imminent Regina Maria takes over 4 Hiperdia centers in a transaction imposed by Competition Councildisaster” due to the route crossing through the middle of Prahova river and across the tourist resorts on the Prahova Valley, ...

Trade: 60 pct of Romanian employees shop online during work hours

Tuesday, September 11, 2018

Almost 6 out of 10 Romanian employees admit they shop online during their work hours at least once a month, and most of them (52 percent) say they allocate an average of 30 minutes for each shopping session, according to a survey by HR platform BestJobs cited by http://business-review.eu. There are also employees who take a break from their job roles to shop online more often than once a week (7 percent) or even daily (almost 2 percent), and in some cases ...

Vegetables, fruit imports worth EUR 691 M Jan into May, exports park at EUR 57.6 M

Tuesday, September 11, 2018

Imports of vegetables and fruit of Romania have totalled January into May EUR 691 M, by 6.5 pct higher as compared to the similar period of 2017, according to data centralised at the National Statistics Institute (INS). Exports saw EUR 57.6 M, up 5.4 pct against the same period of 2017, thus resulting a EUR 633.3 M in deficit. From 1 January to 31 May 2018, the FOB exports exceeded EUR 28.092 billion and grew by 8.8 pct as compared to same period of 2017. ...

The retail turnover advanced 6.4pct in Jan.-July, 2018

Tuesday, September 11, 2018

Compared to the previous month, in July 2018 the retail turnover volume (excluding the trade with motor vehicles and motorcycles) increased as gross series by 5.4% and decreased as adjusted series according to the number of working days and to seasonality by 0.9%. Compared to the corresponding month of the previous year, the retail turnover volume (excluding the trade with motor vehicles and motorcycles) increased both as gross series by 5.3% and ...

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