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Real Estate: Transactions worth EUR 4 billion on Romania’s real estate market in the last five years

Tuesday, December 18, 2018

Revenue-generating property transactions worth more than EUR 4 billion have been made on the Romanian real estate market over the last five years, with South African investors having been the most active buyers, with a 28 percent market share, followed by Greek (14 percent), French (10 percent) and Romanian investors (7 percent), according to an analysis by real estate consultancy firm Cushman & Wakefield Echinox quoted by ...

CONSTRUCTION OF DWELLINGS, higher by 1,006, in first three quarters of 2018

Tuesday, December 18, 2018

In the third quarter of 2018, 17363 dwellings went into use, 1048 dwellings more compared to the third quarter of 2017. In the 1.I-30.IX.2018 period, 40378 dwellings went into use, 1006 dwellings more compared to the same period of the previous year. The number of dwellings than went into use in the first nine months of 2018 was standing at 40,378, up 1,006 from the same ...

Tourism : Non-resident tourists arrived in Romania during 1.I - 30.IX.2018 spent 2367.7 lei/person as average

Tuesday, December 18, 2018

In Q III 2018, the total number of non-residents in collective tourist accommodation structures was 938.3 thousands and their total expenditure amounted to 2168.8 million lei. During 1.I – 30.IX.2018, the number of non-residents in collective tourist accommodation structures was 2211.7 thousands and their total expenditure amounted to 5236.6 million lei. The number ...

Ministry of Tourism to promote Sibiu European Region of Gastronomy 2019 programme

Tuesday, December 18, 2018

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The Ministry of Tourism is drawing up a plan to promote Sibiu European Region of Gastronomy 2019 programme, Minister Bogdan Trif made the announcement in a press release ."The Ministry of Tourism has sent Mrs Daniel Cimpean, president of the Sibiu County Council, an invitation for participation in the working group to be organised next week at the headquarters of the central institution, to jointly draw up a plan to promote Sibiu European Region of Gastronomy 2019 ...

Telecom. IT: Total income obtained from the supply of networks and electronic communications services dropped by 3.3% in Q1

Tuesday, December 18, 2018

The National Authority for Administration and Regulation in Communications (ANCOM) announced on Friday that the total income obtained from distribution of networks and services of electronic communications dropped with 3.3% in Q1 against the previous semester, up to 7.76 billion lei (1.67 billion euro). However, against the same semester of last year, the income of the operators increased by 2.4%. At the same time, the income obtained from landline ...

EIB to provide EUR 9.7 million loan for the digitalization of terrestrial broadcasting infrastructure in Romania

Tuesday, December 18, 2018

The European Investment Bank (EIB) is lending EUR 9.78 million to Romanian public company Societatea Nationala de Radiocomunicatii SA (Radiocom) to partially finance the digitalization of the country’s terrestrial broadcasting infrastructure. This transaction is backed by the European Fund for Strategic Investments (EFSI), the financial pillar of the Investment Plan for Europe, or ”Juncker Plan”. This project supports the ...

Cars: Lithuania and Romania recoreded the most significant advance of auto sales in the  EU

Tuesday, December 18, 2018

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Registration of new vehicles in the European Union (excluding Malta) increased by 0.8% in the first 11 months of this year at 14.16 million while Lithuania and Romania reported the most significant advance, show the data published on Friday by the Association of European Constructors of Cars /ACEA/.The auto market of Romania registered an increase of 24% between January – November 2018 being registered 121,634 cars against 98,116 vehicles in the first 11 ...

The turnover of the trade with motor vehicles and of the market services provided to the population in October 2018

Tuesday, December 18, 2018

Compared to the previous month, in October 2018 the turnover volume of the trade with motor vehicles and motorcycles increased both as gross series by 12.9% and as adjusted series according to the number of working days and to seasonality by 1.6%. The turnover volume of the market services provided to the population, compared to the previous month, decreased both as gross series by 3.6% and as adjusted series according to the number of working days and to ...

New car registrations remain on an upward trend, January through November

Tuesday, December 18, 2018

New car registrations reached to 121,634 units January through November this year, which is a growth by almost 24 per cent compared with the same period in 2017, according to the statistics released by the Driver Licenses and Vehicle Registration Directorate (DRPCIV).At the same time, registrations of second-hand cars dropped by 8.34 per cent compared with the reference period of last year, down to 434,914 units. Cumulated with new units, the number of ...

Infrastructure: Fincantieri will participate in building the longest suspended bridge in Romania

Tuesday, December 11, 2018

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The Italian group Fincantieri, through its subsidiary Fincantieri Infrastructure, announced it would participate in the building of a suspended bridge in Romania which, when completed, would be the longest in the country and the third in Europe for the length of the central segment. When works start in June 2019, it will be the longest suspended bridge in construction in the world, according to the company. “With a total ...

Siegfried Muresan: European Commission has not received file on Bucharest beltway yet

Tuesday, December 11, 2018

European MP Siegfried Muresan (PNL – liberal party) says the government has not sent the European Commission the file on the modernization of Bucharest beltway at highway level from European funds yet, although premier Dancila had announced the document would be sent on October 15. In a press release he presents as evidence an official EC answer of  December 5, stating that the Romanian government had not sent the financing file ...

New overground metro station to be built for Bucharest metro

Tuesday, December 11, 2018

Metrorex and Bucharest's District 4 Hall will start the joint construction project for a new overground metro station that will complete Main Line 2 and it will be located between Berceni Metro Station and the Ring Road, Daniel Baluta, Mayor of District 4 and Metrorex General Manager Dumitru Sadolescu told a Tuesday's press conference. The construction costs will be covered entirely from the local budget of District 4. The works will start in the first part ...

TTE Council meeting of the EU Council adopts general approach on Mobility package I

Tuesday, December 11, 2018

The meeting of the Transport, Telecommunications and Energy Council (TTE) of the Council of the EU adopted, after several rounds of negotiations, the general approach regarding the mobility package I (road), informs a press release of the Ministry of Transport, on last Tuesday .The event took place on Monday, December 3, in Brussels, under the Austrian Presidency of the Council of the European Union (PRES AT)."During the entire negotiation process, ...

All-time high traffic in Romanian airports in Jan-Sep 2018: passenger numbers rose 7.8 pct

Tuesday, December 11, 2018

The 16 airports in Romania have posted a 7.8 percent increase in passenger numbers in the first nine months of this year, to 16.62 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) quoted by http://business-review.eu. Total passenger numbers on the Romanian airports have increased from 15.41 million in January-September ...

CFR earmarks EUR 107 mln for Bucharest central station – airport railway link

Tuesday, December 11, 2018

Romania’s public railway infrastructure company CFR SA launched an auction to select the contractor for the design and construction of a railway section that would link Bucharest airport (in the north of the city) and the existing railway system with the aim of eventually having a direct link between the airport and the central train station (Gara de Nord). The request was published in the electronic auctioning system SEAP and is estimated at a ...

Agriculture : Romania to be granted by European Commission over EUR 34M for African swine fever combating measures

Tuesday, December 11, 2018

Romania will be given a grant worth over EUR 34 million from the European Commission representing 75pct of the costs for the measures to combat the African swine fever (ASF), Prime Mminister Viorica Dancila announced on Friday at the beginning of the gov't sitting."Another piece of good news that arrived just this morning from the European Commission is related to the aid for combating the African swine fever. Romania is given a grant worth EUR 34,278,750, ...

Real Estate: Survey: Apartment prices slightly up this November to national average of 1,242 euro per sqm

Tuesday, December 11, 2018

Apartment prices continued their nationwide slightly upward trend this November, with the average asking price inching up 1.1 percent to 1,242 euro per square meter of usable living space from 1,228 euro/sqm in October, informs a survey by real estate portal Imobiliare.ro released on Thursday.Compared to the same period last year, when the average apartment cost was 1,169 euro/sqm, the sellers are now asking for a 6.2 percent higher figure. With the annual price ...

46,513 properties sold in November in Romania – 6,325 fewer than in October

Tuesday, December 11, 2018

In November 2018, 46,513 properties were sold across the country, 6,325 less than in October, according to the National Cadastre and Real Estate Advertising Agency (ANCPI) quoted by http://business-review.eu. This is the fourth consecutive month when a decrease was recorded in the number of transactions. The number of homes, land plots and apartments that were the subject of sale-purchase contracts ...

Tourism : The tourism in month of October 2018

Tuesday, December 11, 2018

Compared to the corresponding month of the previous year, the arrivals in the establishments of tourists’ reception with functions of tourists’ accommodation increased by 11.7 %, while the overnight stays increased by 10.6% in October 2018. Compared to October 2017, in October 2018 customs registered an increase in the arrivals of foreign visitors of 5.9 % and an increase of 3.3% in the departures ...

Huge deficit of work force in the hospitality industry

Tuesday, December 11, 2018

Calin Ilie, the chairman of the Federation of Hospitality Industry of Romania (FIHR) and the general manager of IBIS Continental Hotels  Romania said on Wednesday that the deficit of workforce in the hospitality industry is of 100,000 people and among the solutions proposed  by the companies in the domain is the introduction of the tip on the bill. Another solution is investment in education. The companies in the domain invested in dual ...

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