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Real Estate: Demand slowdown, few deliveries, but signs of recovery on the CEE Office Market in Q1
Tuesday, May 20, 2025
The office space demand slowed down in Q1 across Central and Eastern Europe (CEE), where less than 30,000 sq. m were delivered across the region, corresponding to the area of a medium – sized building, according to data from the Cushman & Wakefield Echinox real estate consultancy company. The total take-up in CEE was of approximately 500,000 sq. m, corresponding to a ...
Modern office building maintenance costs up 10pct in 2025
Tuesday, May 20, 2025
Maintenance expenses for modern office buildings in Romania have increased approximately 10% in the budgets allocated for 2025, according to a market analysis released on last Tuesday.According to the research conducted by Colliers, the biggest cost increases were seen in security, fire safety, cleaning and technical maintenance, mainly due to rising labour costs in a challenging market environment."The average maintenance fee for ...
Tourism : Paralela45 Announces Merger with Poland’s Rainbow Tours
Tuesday, May 20, 2025
Paralela45, a leading Romanian travel agency, has announced its merger with Rainbow Tours Poland, one of the largest travel companies in Poland. The strategic move is set to strengthen market presence in the coming years by leveraging foreign capital and industry know-how. A preliminary agreement was signed on May 15, with final documents expected to be completed by the end of June 2025, ...
Novotel bolsters Romanian footprint with new hotel in Timisoara opening by the end of 2027
Tuesday, May 20, 2025
Accor, a world hospitality group, is expanding its presence in Romania with the signing of a new franchise agreement with Amazonia Aquapark SRL for Novotel Timisoara, a newly built hotel set to open by the end of 2027. Situated in the heart of Western Romania and directly connected to the region’s largest water park, this flagship hotel ...
Telecom. IT: Teleccomunication sector in Romania reports incomes dropping by 5% in 2024
Tuesday, May 20, 2025
Incomes of telecommunications sector in Romania dropped by 5% last year, against 2023, to 16.1 billion lei (about 3.2 billion euros), according to data released on Friday by the National Authority for Administration in Communications (ANCOM). The statistic data report of the local administration market shows that the income drop in 2024 was based mainly on wholesale tele[hone ...
Infrastructure: Modernization works for Henri Coanda International Airport start with investment of over 112.4 million lei
Tuesday, May 20, 2025
Bucharest NationalAirport Company (CNAB) released the order for the intitiation of modernization works at terminals of Henri Coanda International Airport, an investment o 112.422 million lei, from its own funds. The investment will be active for 30 months. The works will deal with interior upgrading (finishings, floors, ceilings,a.o), in order to improve the look of the most important airport in ...
Healthcare: Dentists' College: Over 60% of Romanians have signs of periodontal diseases
Tuesday, May 20, 2025
Over 60% of Romanians present signs of periodontal diseases, the Dentists'College of Romania warns. Gum bleedings are considered “normal” by about a third of respondents, a press release shows. Romania needs a deep change in preventing and treating periodontal diseases, according to the Dentists'College. According to the ...
Tourism: Tourist arrivals in accomodation units on the rise in Q1 2025 in Romania
Tuesday, May 13, 2025
Tourist arrivals in accommodation units (including apartments and rooms for rent) increased by 1% in the first three months of this year compared to the same period in 2024, while overnight stays increased by 2.2%, according to data published on Thursday by the National Institute of Statistics (INS).According to the official statistics, between January 1 and March 31, 2025, 2.496 million people arrived in tourist accommodation units in Romania, of which 82.5% were Romanian ...
Hagag & Radisson Sign Deal for First Hotel in Bucharest
Tuesday, May 13, 2025
Real estate investor-developer Hagag Development Europe consolidates its operations in Romania by expanding its presence to the hospitality segment. The company has selected Radisson Hotel Group as operator for its first hotel development in Bucharest, to open under the Radisson RED brand, and started the permitting procedure to revamp and repurpose its property on 5-7 Vasile Lascar Street, in central Bucharest. This project will be developed ...
Infinity Capital sells Dambovita Hotel operator
Tuesday, May 13, 2025
Romanian investment company Infinity Capital said it has auctioned off its 99.99% stake in Complex Hotelier Dambovita, operator of the Dambovita Hotel in Romania's southern city of Targoviste, for 12 million lei ($2.64/2.34 million euro).Infinity Capital Investments sold its entire holding of 1,754,221 shares in Complex Hotelier Dambovita as a single package to an undisclosed bidder, it said in a statement filed with the Bucharest Stock Exchange on ...
THR Marea Neagra completes hotel complex sale
Tuesday, May 13, 2025
Romanian hotels operator THR Marea Neagra said that it has finalised the sale of the Balada hotel complex, located in the Black Sea resort of Saturn, for 6.1 million euro ($6.86 million). THR Marea Neagra also charged 300,000 lei ($65,949/58,634 euro) for certain facilities sold together with the complex, it said in a statement filed with the Bucharest Stock Exchange on last Thursday. The sale was finalised ...
Cars: APIA: Romania's registrations of all-electric cars drop 70 pct in April
Tuesday, May 13, 2025
Romania's new car registrations were 24% down in April 2025 from the year-ago period, while all-electric cars saw a 70% decrease and a market share of 2.2%, shows data provided by the Driving Licences and Vehicle Registration Directorate General (DGPCI) processed by the Association of Automobile Manufacturers and Importers (APIA).Registrations of passenger cars, which represent approximately 83% of the total market, stood at 9,910 units in the reporting ...
BYD Enters the Romanian Market
Tuesday, May 13, 2025
BYD, the Chinese electric vehicle producer, has officially entered the Romanian market, bringing cutting-edge technologies and a lineup of 100% electric and DM-i plug-in hybrid models to one of Europe’s emerging automotive hubs. Romanian customers now have access to a range of SUV and sedan models, featuring various powertrain options. The flagship model is the SEALION 7, a high-performance all-electric SUV that accelerates from ...
Infrastructure: Romania and Moldova agree cross-border rail co-operation
Tuesday, May 13, 2025
The national railways of Romania and Moldova have signed a memorandum of understanding for cross-border co-operation which includes reopening of the Falciu – Prut (Cantemir) railway, electrification of the Iasi – Chisinau line, modernisation of customs facilities at Ungheni and the resumption of Cahul – Galati passenger services, ...
DAN AIR to Launch Scheduled Flights to Damascus, Syria
Tuesday, May 13, 2025
Romanian airline DAN AIR will begin operating regular commercial flights between Damascus and four European destinations—Bucharest, Frankfurt, Berlin, and Stockholm—starting June 15, 2025. With this expansion, DAN AIR becomes the only airline from the European Union to operate direct commercial flights to the Syrian capital. Tickets for these flights are already available on the airline’s ...
Real Estate: Analysis: New apartments in Bucharest are 18% more expensive than a year ago
Tuesday, May 13, 2025
New apartments in the capital have been put up for sale for 2,173 euros/usable square meter and are also 18% more expensive than a year ago, according to the Imobiliare.ro index.Thus, the prices of new apartments in Bucharest not only returned to the level before the period marked by uncertainties arising from the tense political situation generated by the presidential elections, but even exceeded this threshold.Last month, buyers in the Capital faced the ...
Future Offices: “Transforming Offices into Magnets for Talent”
Tuesday, May 13, 2025
After four years of major changes in the way we work, physical presence in the office remains well below pre-pandemic levels. Eighty-three percent of the time, less than half of employees are in the office at the same time, according to Colliers’ recent report “Transforming Offices into Magnets for Talent”, which analysed data from 144 offices around the world, including Romania. This limited presence has a direct impact on collaboration, communication between ...
Agriculture: Romania contributes 23pct of the agricultural workforce in the EU
Tuesday, May 13, 2025
Romania is one of the most important countries in the European agricultural sector, considering that 23% of the total agricultural workforce in the EU, 1.77 million jobs, is concentrated here - the largest share in the Union, according to a recently launched profile report.Romania owns approximately a third of all farms in the EU, although 90% of them are under five hectares, meaning they are subsistence farms. Impact Hub Bucharest (EIT Food representative in Romania), in ...
March slaughters and carcass weight up for pigs, down for cattle, sheep, goats, poultry
Tuesday, May 13, 2025
The number of slaughters and carcass weight increased in March 2025 compared to the same month last year for pigs, and decreased for cattle, sheep and goats, and poultry, according to data released Friday by the National Institute of Statistics (INS).In March 2025, compared to February 2025, the number of slaughters and carcass weight increased for cattle, pigs, and sheep/goats, but decreased for poultry.According to INS, in March 2025, the number of ...
Real estate : Investments of 169 million euros in real estate market in Romania in first three months
Tuesday, May 6, 2025
Real estate market in Romania showed a positive beginning in 2025, with a total investment volume of 169 million euros in the first three months, more than double compared to the previous quarter and about the same level as the same period of 2024, showing a sustained return of investment interest in local active stock, a specialised analysis released on Thursday shows. At the same time, the office ...