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Real Estate: The stock of modern retail spaces in Romania will exceed 4.5 million square meters in 2024

Tuesday, April 16, 2024

  By the end of 2024 the stock of modern retail spaces will overpass 4.5 mln. sq. m setting a new record for Romania. Circa 186,000 sq. m could be added to country’s modern retail stock if taking into consideration under-construction projects.   The popularity of the specialized format is noticed in the forecast developments, claiming 95% of the future new supply and when looking exclusively at the under-construction units, retail ...

Total office leasing activity in Bucharest, 71% higher at Q1 end compared to the same period last year

Tuesday, April 16, 2024

* 41% of total office take-up was recorded in the Dimitrie Pompeiu area in Q1 2024 in Bucharest.   The office market remains fluid and flexible. Two distinct trends have emerged in 2023: securing entry into prime new locations and optimising the portfolio through best value negotiations, all driven by a market with limited deliveries. After the first 3 months of this year, the office sector in Bucharest shows a positive fluctuation in terms of ...

Tourism : Non-resident tourists coming for business purposes have spent over 730 million RON in Q4 2023

Tuesday, April 16, 2024

Non-resident tourists arriving in Romania for business purposes in the last quarter of 2023 spent 730.5 million RON, according to data centralized by the National Institute of Statistics.So, among the non-resident tourists who arrived in Romania during the mentioned period, 47% traveled for business purposes, their expenses representing 55.5% of the total ...

Infrastructure: FlyLili to launch Brasov flights to six European cities

Tuesday, April 16, 2024

The airline FlyLili will start, starting from June 15, flights from Brasov – Ghimbav International Airport, connecting Brasov County  with some of the most important European cities, Adrian Ioan Vestea, the Minister of Development and former president of Brasov County Council.   Therefore, as of June, there will be flights from Brasov to Munich, Nürnberg, Stuttgart, Rome, Thessaloniki and Istanbul, and starting July from Brasov to ...

Healthcare: More than 70,000 Romanians diagnosed with Parkinson's disease

Tuesday, April 16, 2024

More than 70,000 Romanians are diagnosed with Parkinson's disease, inform specialists who say that identifying symptoms in the early stages of onset and diagnosing the condition before the manifestations become very visible are essential for effective management."These four symptoms, (...) tremor, muscle rigidity, bradykinesia, unstable posture, are the most common motor manifestations of Parkinson's disease. (...) However, given the complexity of the symptoms and the fact ...

Cardiovascular diseases, main cause of death in Romania, every 30 minutes one Romanian dies of heart attack

Tuesday, April 16, 2024

Cardiovascular diseases are the main cause of death in Romania, contributing 57 pct of all deaths recorded nationwide, according to presidential advisor Diana Paun, who stressed that one Romanian dies of a heart attack every 30 minutes."In Romania, cardiovascular diseases are the main cause of death... The average in Romania is 109 deaths per 100,000 inhabitants, compared to the European Union average of 44. (...) These diseases are the main cause of death in Romania, ...

Agriculture : Cramele Recas Wins Three Gold Medals in Pinot Noir Blind Tasting Competition

Tuesday, April 16, 2024

   Romanian winery Cramele Recas has been recognised as producing some of the best affordable Pinot Noir wines in the world at the Global Pinot Noir Masters 2024, https://wineindustryadvisor.com/ informs.   Three wines, all under ...

Infrastructure: Construction of first section on North Highway route has secured funding 

Tuesday, April 9, 2024

 The government approved, in last Thursday's meeting, the technical-economic indicators for the Gura Humorului Bypass (Suceava County), which will be built on a highway profile, announced the Minister of Transport, Sorin Grindeanu.The total estimated value of the investment, financed through the Transport Program, amounts to 2.31 billion RON (including VAT)."The construction of the first section on the route of the Northern Motorway (A14) ...

Railway transport, 5.4 pct increase in number of passengers in 2023, freight volume down 11.5 pct

Tuesday, April 9, 2024

 In 2023, rail transport registered a 5.4% increase in the number of transported passengers and a 6.1% increase in their journey, compared to the previous year, according to the data centralized by the National Institute of Statistics.On the other hand, the volume of transported goods decreased by 11.5%. 48.867 million tons of goods were transported, of which 79.3% in national transport. The tariff path of goods decreased by 3.3%, with an increase only ...

Real Estate: InteRo to invest 170 mln euro in Bucharest projects

Tuesday, April 9, 2024

Romanian real estate developer InteRo Property Development said on last Wednesday that it will invest more than 170 million euro ($183.1 million) in three real-estate projects in the capital Bucharest.   InteRo has received the construction permit for the residential project Pajurei 3 Residence, with works set to begin in the next weeks, the company said in a press release. The project will have a ...

The Modern Office Stock In The Major Regional Cities Exceeded 1 Million Sq. M

Tuesday, April 9, 2024

* Iasi overtakes Timisoara and becomes the second - largest regional hub, after Cluj - Napoca.   Developers finalized the construction of 83,000 sq. m of new office projects in the major regional cities (Cluj – Napoca, Timisoara, Iasi and Brasov) in 2023, as the modern office stock exceeded the 1 million sq. m threshold, representing around 30% of the corresponding total in Bucharest. ...

Telecom. IT: Number of smishing attacks in Romania more than six times higher in 2023

Tuesday, April 9, 2024

The number of smishing attacks in Romania increased more than six times in 2023 compared to the previous year, according to an internal analysis by sendSMS.According to a press release from ING Bank Romania, in the first months of this year, in 75% of smishing cases, identity theft was attempted by using a seemingly legitimate sender's name to mislead users that the messages were sent by different companies. Globally, 39% of consumers faced at least one SMS ...

Healthcare: More and more couples from Romania are choosing Prague for in vitro fertilization with freshly donated oocytes

Tuesday, April 9, 2024

In Romania, IVF treatments with fresh oocytes are not available due to a complicated legal framework and bureaucratic procedure. As an alternative, clinics offer IVF with imported frozen eggs from egg banks in EU countries such as Greece, Spain, Germany, Belgium or Denmark. To increase their chances of conceiving a child, more and more couples are turning to clinics in Czechia, where they can access IVF ...

Trade: Romanian retail investors lack confidence in the local economy

Tuesday, April 9, 2024

Macro commentary by eToro analyst for Romania, Bogdan Maioreanu   This year has been a paradoxical one so far, unfolding between conflicts in the Middle East, Ukraine and the geopolitical tensions in Asia but with investors bullish and looking forward to central bankers finally moving towards interest rate reductions. After a first quarter of all-time highs in the stock markets but also in gold ...

Study: Only 3 out of 10 Romanians would agree with the closure of supermarkets and hypermarkets on weekends

Tuesday, April 9, 2024

The most recent study conducted by Reveal Marketing Research aimed to identify the attitudes and perceptions of Romanians regarding the proposal made by small retailers to close supermarkets and hypermarkets on weekends.   90% of urban Romanians declare that they usually do their shopping in supermarkets and ...

Eurostat: Price of meat up 3.3% in one year

Tuesday, April 9, 2024

In February 2024, the price of meat in the EU was 3.3% higher than in February 2023. Pork meat recorded the highest increase at ...

ING: Romanian retail sales see a stronger-than-expected start to the year

Tuesday, April 9, 2024

A whopping 6.5% year-on-year increase after the first two months of 2024 shows that Romanian consumers are anything but hesitant to enjoy last year’s real wage gains. For now, we’re maintaining our full-year 2.8% GDP growth forecast due to negative developments in the construction sector and cautiousness around the statistical data, ...

Tourism : Arrivals of foreign visitors to Romania, up 7.5 pct in February this year 

Tuesday, April 9, 2024

 The arrivals of foreign visitors to Romania increased by 7.5% in February this year, compared to the same period last year, to 917,500 people, according to the data of the National Institute of Statistics (INS), published on Thursday.Arrivals in tourist reception structures with accommodation functions, including apartments and rooms for rent, increased by 4.2% in the mentioned period, to 847,500 people, the arrivals of Romanian tourists representing ...

Cars: Study: Romanian drivers prefer used cars from Germany

Tuesday, April 2, 2024

Many used cars are imported from one country to another to meet the local vehicle demand. Germany, France, Belgium, and Italy are the largest used car exporters in Europe, feeding the rest of the continent with second-hand vehicles. However, cars from these countries aren’t without flaws.   A latest research by an automotive data company revealed that many vehicles imported to Romania have clocked mileage and past ...

Infrastructure: Wizz Air resumes flights to Salzburg from Henri Coanda Airport, Bucharest

Tuesday, April 2, 2024

Wizz Air celebrates the first flight that reconnects Bucharest and Salzburg, this route improving connectivity between Romania and Austria.According to a company's release sent on Monday, with the relaunch of this route, Wizz Air reaffirms its dedication to expanding its network, connecting passengers to "interesting destinations and at the same time giving priority to accessibility, along with a high-quality experience on board"."We are delighted to relaunch ...

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