Loading page...

Romanian Business News - ACTMedia :: Services|About us|Contact|RSS RSS

Subscribe|Login

Economic

Non-resident tourists arrived in Romania in 2018 spent 2383.5 lei/person as average

Tuesday, March 19, 2019

 • In Q IV 2018, the total number of non-residents in collective tourist accommodation structures*) was 572.3 thousands and their total expenditure amounted to 1399.0 million lei. • In 2018, the number of non-residents in collective tourist accommodation structures was 2784.0 thousands and their total expenditure amounted to 6635.6 million lei More than 2.78 million foreign tourists checked in ...

Infrastructure : Ministry of Transport and Alsim Alarko signed for building A0 – Bucharest ring motorway

Tuesday, March 19, 2019

The Ministry of Transport has signed a EUR 160 million contract with Alsim Alarko Sanayi Tesisleri ve Ticaret, a Turkish company, for 16 km of motorway, out of the entire 51 km length of the future A0 – the Bucharest ring motorway. The highway, made up of three lots, should be completed by 2022 if works are going according to the plans, digi24.ro informs. Lot no. 2, which will connect the highway to Pitesti to the one to ...

Wizz Air announces two new routes from Romania to Germany

Tuesday, March 19, 2019

Wizz Air has announced two new routes to Germany from Sibiu to Karlsruhe/Baden Baden and from Suceava to Munich Memmingen. Both routes are starting from 17 June but Romanian passengers can already plan their trips to these cities as tickets are already available on wizzair.com with fares starting from as low as RON 99/ EUR 19.99. Baden-Baden becomes the fifth WIZZ destination in Germany from Sibiu after Frankfurt Hahn, Munich Memmingen, Dortmund and ...

Blue Air to take final decision on its Boeing 737 MAX order only after crash investigation

Tuesday, March 19, 2019

Blue Air, the largest Romanian airline, will take a decision on its order for 12 Boeing 737 MAX 8 jets only after an investigation into a fatal crash of one of the planes in Ethiopia, CEO Marius Puiu told Reuters. Puiu said his company was “monitoring the situation very carefully.” “We trust the world-wide precautionary suspension of flights, a decision that puts civil aviation transport safety first,” ...

Real estate: Real estate market to register new commercial property stock in 2019, 37% more than last year

Tuesday, March 19, 2019

190319102837businessman_holding_paper_graph_over_450w_767180824.jpg

The real estate market will register the delivery of a new stock of commercial properties (retail, offices, industrial) in 2019, about two million square meters, on the rise by 37% compared to last year, according to the annual market report. Real estate analysts anticipate that the market will continue its positive evolution of 2018. Important increases of the modern stock, significant demand volumes, the drop of unoccupied ratios and the growing ...

Modern stock of logistic and industrial areas in Romania reached 3.8 million square meters in 2018

Tuesday, March 19, 2019

The modern stock of logistic and industrial areas in Romania reached last year 3.8 million sq.m, 81% of which is class A and 70% is found in properties close to regional cities, according to data published by CBR real estate consulting company. The unoccupied rate reached 3.7%, on the background of big demand, of the small area available in projects completed and the large number of pre-renting contracts signed for areas in construction, according to ...

Romanian real estate market, in the sight of Asian investors

Tuesday, March 19, 2019

Major Asian investors, like groups from China and South Korea, have set eyes on the local real estate market, exploring the potential to invest directly in the primary commercial markets. It is feasible that the first transaction could occur by the end of this year, according to Cushman & Wakefield Echinox consultants. The local market is currently undergoing a maturing process, which also involves the diversification of investment capital, ...

Trade: Victoria’s Secret to open store at Baneasa Shopping City

Tuesday, March 19, 2019

Victoria’s Secret will open a store in Romania in Baneasa Shopping City in the last quarter of this year, where the entire range of branded products will be traded. Baneasa Shopping City announces that the opening of Victoria’s Secret’s first store in Romania is scheduled for the last quarter of this year, digi24.ro informs. The store will have an area of over 500 square meters and will be located on the ...

Telecom.IT: Romania is 5th in the world for Internet speed in 2018

Tuesday, March 19, 2019

Romania ranked 5th in the world in 2018 for Internet speed, after Singapore, Sweden, Denmark and Norway, a thing which also attracted besides benefits, cyber risks, said Gabriel Mazilu, former deputy director of Cyberint National Center, within SRI, at a specialized forum. “Although the field of cyber security was set up in 2008, in Romania, on the occasion of NATO Summit in  Bucharest, in 2010 this country started setting up cyber security ...

Real Esatate: OTP Bank Romania: the volume of financing for real estate projects, almost double in 2018

Tuesday, March 12, 2019

190312105632365740.jpg

In 2018, OTP Bank Romania recorded a significant increase in the volume of corporate finance in real estate sector by 43.8%, compared to 2017. The evolution was due to the increased appetite of real estate developers, especially for office buildings, which resulted in an increased demand for financing in the real estate industry. The financing granted by OTP Bank Romania in 2018 was for residential projects, office buildings (development of new ...

GLL Real Estate Partners puts up for sale EUR 110 mln office building in Bucharest

Tuesday, March 12, 2019

German asset management company GLL Real Estate Partners has put up for sale the Floreasca Park office project located on Pipera road near the intersection with Barbu Vacarescu boulevard, according to data from the real estate market, quoted ...

Statistics: Approximately 60,000 dwellings completed in Romania, in 2018, 60 pct of the total in urban environment

Tuesday, March 12, 2019

Almost 60,000 of new dwellings were completed in Romania in 2018, a growth by 6,424 dwellings against the previous year, according to the provisional data released by the National Institute of Statistics (INS) on Friday.By area of residence, the official statistics shows that, out of the total 59,725 completed dwellings, there is a growth in the weight of completed dwellings in the urban environment (from 54.9 per cent in 2017 to 58.4 per cent in 2018), but also a ...

Globalworth starts construction of the Globalworth Square office building

Tuesday, March 12, 2019

Globalworth office investor in Romania and Poland, has started construction of the Globalworth Square office building. Located in the Barbu V?c?rescu area of the New Business District in Bucharest, between Globalworth Plaza and Green Court, the project will have a total leasable area of approximately 28,000 sqm, spanning 14 floors of office space and three underground floors for parking, while the ground floor will include facilities such as a restaurant and various retail ...

Cars: Dacia posts 17 pct growth on German market in February

Tuesday, March 12, 2019

190312110048_b_Auto_Bild__b__a_publicat_topul_masinilor_care_isi_pastreaza_cel_mai_bine_valoarea_la_revanzare__Cu_Dacia_Sandero_pierdeti_cea_mai_mica_suma.jpg

Dacia continues to improve its performance in Germany, Europe’s largest auto market. In February, the Romanian carmaker registered almost 6,000 cars in Germany and exceeded 12,000 in the first two months of the year combined, according to profit.ro. Not all brands in Germany recorded growth at the beginning of this year, but Dacia gained 17 percent in February, with a total of 5,849 units registered. The company remains in the top 20 of the ...

More than 45% of Romanian cars are older than 15 years

Tuesday, March 12, 2019

There are 6.4 million cars registered in Romania, of which less than 550,000 are under five years old while over 3 million are over 15 years old, according to the car registrations and driving licenses registry DRPCIV data. In two years, the share of cars older than ten years has increased from 71% to 79%, ...

Infrastructure : Record traffic in 2018 Romanian airports: passenger numbers up 7.9 pct to 21.8 mln due to international flights

Tuesday, March 12, 2019

The 16 airports in Romania have posted a 7.9 percent increase in passenger numbers last year up to 21.8 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). Total passenger numbers on the Romanian airports have increased from 20.22 million in 2017 to 21.82 million in 2018. International passenger ...

Porr Construct to build first section of Pitesti-Sibiu motorway

Tuesday, March 12, 2019

  Romanian transport minister Razvan Cuc announced on March 6, at Campia Turzii, that Austrian company Porr Construct won the auction for the first 13 kilometers of the Sibiu-Pitesti motorway, namely the Sibiu-Boita segment. The state company in charge of infrastructure projects - CNAIR confirmed that Porr won the tender with a financial offer of EUR 129 million, VAT not included, or EUR 9.7 million per ...

Healthcare: Market of medicines without prescription, food supplements and medical care devices grew by 14.4% in 2018

Tuesday, March 5, 2019

190305102520pile_antibiotic_capsule_pills_pharmaceutical_450w_1308025846.jpg

The market of OTC products in Romania, which includes medicines without medical prescription, food supplements and medical devices for personal care, recorded an increase of 14.4% in 2018, compared to the previous year, according to the Romanian Association RASCI. The overall value of this market segment was 3.552 billion lei in 2018, from 3.104 billion lei, recorded in 2017. In the last quarter if 2018, the total value of the ...

Tourism: 38% more tourists went on cruises in 2018

Tuesday, March 5, 2019

190305103141panoramic_view_town_fira_santorini_450w_128716754.jpg

Croaziere.net travel agency announced that last year they recorded an increase by 37.5% of the number of tourists who went on cruises, to 11,000, while prices dropped in the last years. The agency recorded 8,000 passengers in 2017, by direct and indirect sales, while in 2008 they had 11,000 Romanian passengers (37.5% increase). The price of a cruise can start from 300 euro per person, a package including all meals, cabin accommodation, parties and ...

The tourism up 5pct in January 2019

Tuesday, March 5, 2019

Compared to the corresponding month of the previous year, the arrivals in the establishments of tourists’ reception with functions of tourists’ accommodation increased by 5.0 %, while the overnight stays increased by 8.2% in January 2019. Compared to January 2018, in January 2019 customs registered an increase in the arrivals of foreign visitors of 5.1 % and an increase of 4.6% in the departures abroad ...

Premium News

Daily

Friday, July 19, 2019

Financial & Banking

Monday, July 15, 2019

Economic

Tuesday, July 16, 2019

Companies

Wednesday, July 17, 2019

Energy & Environment

Thursday, July 18, 2019