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NEPI pays EUR 21 mln for mall project in Sibiu

Tuesday, February 27, 2018

NEPi Rockcastle, the biggest mall owner in Romania, paid EUR 21 million for the Festival Sibiu mall project, romania-insider.com informs. The investment fund bought the project from local developer Primavera Development, owned by the Tanasoiu family. Reff&Asociatii provided legal assistance for NEPI in signing this deal. Primavera Development announced in 2016 that it would resume ...

Cars: Deloitte: Romania may have over 1 mln green vehicles by 2030

Tuesday, February 27, 2018

Romania will reach over one million electric and hybrid vehicles by 2030, according to Razvan Nicolescu, energy & resources industry leader, Deloitte, romania-insider.com reads. “My bet is on electricity. By 2030, we will have over one million electric or hybrid vehicles in Romania,” Nicolescu said at the ZF power Summit energy conference, ...

Porsche Romania aims to sell 50,000 cars per year by 2025

Tuesday, February 27, 2018

Porsche Romania, the biggest local car importer plans to reach 50,000 units sold per year by 2025, up from a current level of 31,500 units, romania-insider.com informs. Moreover, the company aims to increase the sales of electric vehicles to a quarter of its total sales, according to its representatives, ...

Trade: Romania exports meat and meat products worth 380.5 ml euro over Jan.-Nov. 2017

Tuesday, February 27, 2018

Romania exported in the first 11 months of 2017 meat and meat products worth 380.5 million euro, a value higher by 13 percent compared to the one recorded in the similar period of the previous year, according to the data centralised by the National Institute of Statistics (INS).Meat and meat products imports accounted for 794.4 million euro, higher by 19.1 percent compared to those recorded between January-November 2016, thus, a deficit of approximately 414 ...

Carlsberg’s sales in Romania up by 21 pct in 2017

Tuesday, February 27, 2018

Carlsberg, the premium beer brand in the United Romanian Breweries Bereprod (URBB) portfolio, registered a sales rate increase in Romania by 21 percent in 2017 compared with 2016., business-review.eu reports The result brings an increase in the Carlsberg’s market share in the super premium category. Thus, Carlsberg continues the sales increase tendency in Romania, registering the second annual rate increase by two digits ...

Romania's FMGC market expands 7pct in 2017 amidst rising prices

Tuesday, February 27, 2018

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Romania's market for fast moving consumer goods (FMCG) expanded 7 percent in 2017, driven by rising prices instead of rising purchases, as was the case in 2016, according to a study by market research company GfK.The study shows that in 2017 Romanian consumers turned to higher-priced products, a phenomenon called up-trading.Home care products recorded the highest increase in 2017, of nearly 10 percent in value. Also rising above the market averages ...

Telecom.IT: Redeleanu to become head of UPC Poland, keeps UPC Hungary CEO role

Tuesday, February 27, 2018

The CEO of UPC Romania and UPC Hungary, Robert  was appointed CEO of UPC Poland, effective from 1 April, telecompaper.com informs. He will still be in charge of operations in Hungary, while his role in Romania will be taken by Mihnea Radulescu, the existing VP of B2B operations in UPC CEE (Central and Eastern Europe), coordinating activities for the business division in Romania, Hungary, Poland, Slovakia and the Czech ...

Healthcare: Sanador will open Oncology Centre this year

Tuesday, February 20, 2018

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Sanador private health network, one of the biggest players in the market, reported last year a business figure of 64 million euros, on the rise by 22% compared to the previous year, Doris Carmen Andronescu, Sanador general manager told News.ro on Tuesday. The group, present only in Bucharest, will inaugurate an Oncology Centre in the second half of the year, for which they called back Romanian physicians from abroad. Andronescu says that surgical ...

Cars: Dacia car registrations in Europe grew by 17 pc in January

Tuesday, February 20, 2018

Romania ranks 16th in the EU in the January in terms of car registrations, up by 66.4 percent year-on-year, to 11,744 new cars registered, according to Romania’s Association of Automotive Manufacturers (ACAROM) data, a press release informs. Dacia posted an increase of registrations by 17 percent in Europe, to 39,513 units. New car registrations in the European Union increased by 7.1 percent in January 2018, as compared to ...

Telecom. IT: UPC - 6.5% higher incomes in 2017

Tuesday, February 20, 2018

Telecommunications operator UPC Romania, part of Liberty Global group, recorded growths in all business segments in 2017, determined mainly by the extension of UPC service coverage and improved service offer by the launch of Happy Home, the new value promise for customers. Main 2017 results: * An important benchmark was extended and overcome: 2.400,000 subscriptions at the end of 2017 * Extension of ...

ANCOM- About 900,000 phone numbers ported in 2017

Tuesday, February 20, 2018

About 900,000 phone numbers were ported in 2017, most of them mobile phone numbers. The balance sheet shows that 4.5 million similar operations were made since the launch of portability in Romania, according to data published by ANCOM on Thursday. Of all numbers ported last year, 81% belonged to private persons, while 19% belonged to companies. 13 suppliers were involved in porting processes. At general level, 892,685 phone ...

Romanian telecommunications adopt action plan for 2018

Tuesday, February 20, 2018

Romanian telecommunications authority Ancom and representatives of local operators discussed and adopted the institution’s 2018 action plan during the Consultative Council meeting held on 7 February, telecompaper.com reads. Some of the authority’s actions agreed with the industry include implementing the infrastructure law, adopting a national strategy for the achievement of the broadband access targets of the Digital Agenda for Europe and ...

Trade: Romania's chocolate consumption on the rise, market to hit 1 bln euro this year

Tuesday, February 20, 2018

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Romania's chocolate consumption increased significantly driven by the population's higher purchasing power, so that the specific market is expected to hit this year a historic high which could exceed 5 billion lei (about one billion euro), shows a KeysFin survey sent last Wednesday.The chocolate market turnover was 4.5 billion lei in 2016 and preliminary data indicate an advance of over 20 pct in 2017. According to the survey that looked at the market's evolution ...

Agriculture : MEP Buda: 43 pct of Romanian farmland foreign-owned, looming risk we become 'berry-pickers' in our own land

Tuesday, February 20, 2018

More than 40 percent of Romania's farmland is held by foreign citizens and the Romanians run the risk of becoming "berry pickers in their own land," MEP Daniel Buda told a press conference held on Tuesday at the seat of the National Liberal Party's Bistrita-Nasaud branch.In Buda's opinion, the high share of foreign-owned farmland result in higher imports of agricultural produce."Romania is given as an example in the European Parliament as regards the ...

Infrastructure: Blue Air launches new flight from Bucharest to Palma de Mallorca

Tuesday, February 20, 2018

Blue Air, the largest Romanian air company will launch a new flight from Otopeni International Airport to one of the most popular summer destinations, Palma de Mallorca as of June 16. Flights will take place over June 16 - September 15, every Wednesday and Saturday. Blue Air offers three types of flight packages: Light, Classic and Premium. Besides this new flight, Blue Air will add over 100 domestic and international flights to ...

CFR Calatori: About 25 trains will be cancelled by March 1

Tuesday, February 20, 2018

CFR Calatori has not yet decided on the list of about 50 trains to be cancelled at the beginning of March. Of them, 20-25 trains will be permanently cancelled, while the rest will have either a shorter route or limited circulation in weekends, when commuters do not go to their jobs, company representatives said. CFR Calatori has a budget 10% lower this year, although the transport capacity is dropping and demand is higher on certain ...

EC to invest 1.3bn euros in Romania train link upgrade

Tuesday, February 20, 2018

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An investment of EUR 1.3 billion out of the Cohesion Fund will be made in the upgrade of a section of the railway corridor that links Curtici, located at the border between Romania and Hungary, to the city of Constanta by the Black Sea. The works will focus significantly on increasing speed and the safety of travel on the section between kilometre 614 and Simeria town, by refurbishing and upgrading 13 stations from this section, improving signalling ...

New Italian airline enters Romania

Tuesday, February 20, 2018

Ernest Airlines, a new Italian airline headquartered in Milan, will launch this summer flights linking Romania’s Iasi and Bucharest to Northern Italy, ...

Real Estate: Mall & office developer goes residential in Bucharest

Tuesday, February 20, 2018

Real estate developer AFI Europe, known for its commercial and office developments, has received the construction permit for its first apartments in Romania, romania-insider.com informs. It will start working on the first phase of the AFI City residential project in Bucharest in a couple of months. With 190 apartments and 228 parking places, the compound will be built instead of a ...

RE/MAX expands network to 25 offices in Romania

Tuesday, February 20, 2018

RE/MAX Romania, part of the global leader in real-estate and the number one franchise on this segment, announced the expansion of their Romanian network to 25 offices, business-review.eu reports. The most recent franchises in the company’s portfolio are RE/MAX Home Connection, RE/MAX Magnum in Bucharest and RE/MAX Smart in Satu-Mare. RE/MAX Home Connection, the newest office in Bucharest which will become operational in March, was opened by ...

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