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Economic

Infrastructure : Contract signed for the northern railway station-Otopeni Line

Tuesday, June 18, 2019

The contract for the design and execution of the investment objective “Modernization of the line Bucharest Northern Railway Station – Henri Coanda International Airport Bucharest, Phase I: CF connection to T1 Terminal, Henri Coanda International Airport Bucharest” was signed on Tuesday, at the Ministry of Transport. The contract is worth RON 398.16 million, VAT not included. The funding for the design and execution of the direct railway line between Henri Coanda ...

Healthcare: Eurostat: în 2016, 21% of cancer-related deaths due to lung cancer

Tuesday, June 11, 2019

Tobacco consumption is one of the greatest avoidable health risks in the European Union (EU). Many forms of cancer and cardiovascular and respiratory disease are linked to tobacco use. In the 26 EU Member States for which data are available for 2016, around a quarter of all deaths reported were due to cancer. Lung cancer accounted for 21% of all cancer-related deaths. In 2016, the share of lung cancer among all fatal cancers was ...

Infrastructure : Direct trains between Bucharest and Istanbul, Thessaloniki started operating last Friday

Tuesday, June 11, 2019

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Direct trains between Bucharest and Istanbul and Thessaloniki started operating on Friday. The summer trains operated by the Romanian state-owned company CFR C?l?tori will run from 7 June to 7 October. The two trains will allow Romanian tourists to access two ...

Romania ranks last in the EU in terms of railway quality

Tuesday, June 11, 2019

Romania ranks on the last place among the European Union member state in terms of railway infrastructure quality, according to Octavian Udri?te, honorary president of Club Feroviar.  “We are all trying to convince the authorities to support ...

Tourism : Health tourism: 1.8 ml tourists spent 288 ml euro for treatments & therapies in 2019

Tuesday, June 11, 2019

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More than 1.8 million tourists spent about 288 million euro this year on spa treatments and therapies in Romanian resorts; the average price of a health sojourn is 797 lei/person, shows a survey by the Romanian Spa Tourism Employers' Organization (OPTBR) and wellness platform 'despreSpA.ro'.Growth of Romania's health, recovery and prevention market was spurred by travel vouchers.Also, more than 780,000 people spent over 25.9 million euro for ...

Survey: 6 out of 10 Romanians want to leave on holiday by car

Tuesday, June 11, 2019

6 out of 10 Romanians will leave by car this summer, on holiday, and 25% want to go at the seaside, a survey conducted by an online store for auto spare parts and accessories reads. 22.5% of those wanting to use the personal car to leave on holiday want to go in the mountains and 12% intend to travel abroad, AutoEco.ro informs. The auto specialists recommend checks of the car before leaving on holiday, due to the long distances ...

Telecom. IT: ANCOM sets conditions and procedure for 5G tender

Tuesday, June 11, 2019

Tender procedure for granting specter resources available in bands used for implementation of new 5G technology will be completed by October 31, while licenses will be granted until the end of the year, the National Authority for Management and Regulation in Communications of Romania (ANCOM) announced on Friday in a press release. According to ANCOM, the National Table for radio frequency bands will be modified until August ...

Trade: Coface: Luxury items market went up by 5% in 2018, to 1.2 trillion euro

Tuesday, June 11, 2019

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The luxury items market went up by 5%, to 1.2 trillion euro, because of the accelerated consumption from China, with a growing middle class, consumers from China covering now 33% of global purchases of luxury items and is foreseen to reach 46% of this market, a Coface study shows. At the same time, prognoses are optimistic for this market, despite the expected global economic recession. According to it, counterfeit products, electronic trade, the ...

Real estate : Customers look for finished dwellings where they can move immediately

Tuesday, June 11, 2019

Customers who are looking for houses are much more attentive, more documented and prefer those which are complete, where they can move immediately, Ahmet Buyukhanli, general manager Cosmopolis, the largest residential complex in Romania declared for News.ro. He pointed out that the north of Bucharest is the area most in demand and remains the best investment for setting up a family, as it is continuous expansion. He said Cosmopolis is “a ...

CBRE: Investments in Romania’s real estate sector hit EUR 117 mln in Q1

Tuesday, June 11, 2019

The volume of real estate investments in Romania, in the first quarter of the year, amounted to EUR 117.5 million, a volume close to the one in Hungary, where the market hit EUR 123 million, but below the Czech, Austrian and Polish markets, according to real estate consultancy firm CBRE. In comparison, Slovakia’s investments totaled EUR 86.5 million in the first three months of the year, while deals in the Czech Republic, Austria and Poland ...

Agriculture: Constanta, Braila and Teleorman counties, most important  for sunflower crops in 2018

Tuesday, June 11, 2019

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Sunflower yield in Romania was over 3.062 million tonnes last year, on the rise by 149,947 tonnes compared to the previous year. Counties with the highest share were Constanta (9.7%), Braila (8.2%) and Teleorman (7.5%), according to data centralized by the National Statistics Institute. The average per hectare yield grew last year by 124 kg/ha, to 3,041 kg/ha. The area planted with sunflower grew last year in Romania by 0.9% and ...

Commissioner Hogan: More money for small, medium-sized farms through CAP

Tuesday, June 11, 2019

European Commissioner for Agriculture and Rural Development Phil Hogan argues that more money will be available for EU small and medium-sized farms through the new Common Agricultural Policy (CAP), and that adopting a bioeconomy strategy will allow the creation of around one million new jobs in the EU in the next 10-12 years.As you can see, there is intense debate in the Agriculture Council on the CAP budget, right now, under Romania's Presidency, and this will be ...

Infrastructure: Every day the airports in Romania register up to 7 flights delayed or annuled

Tuesday, June 4, 2019

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Everyday the airports in Romania  register between three and seven flights delayed or annulled and frequently there are situations where the passengers arrive at the airport and discover that the flight schedule has been modified or even the flight was  annulled, according to the data sent by the platform FlightClaim.ro. Over 1,000 Romanians receive monthly, through the Dutch company Flight Claim.ro between 250 and 600 euro from the airline companies, a press release ...

Tourism : April's arrivals in Romania's tourist accommodation establishments up 4.9 pct YoY

Tuesday, June 4, 2019

Arrivals in tourist accommodation establishments this April were 4.9 pct higher YoY, while overnight stays in such facilities were up 9.9 percent, the National Institute of Statistics (INS) said on Monday.Arrivals in tourist accommodation establishments totaled 885,800 and Romanian tourists accounted for 77 percent thereof.Visitors from Europe accounted for the highest share of foreign tourists' arrivals in accommodation establishments (73.4 percent of the total ...

Almost  30 hotels at the seaside will offer ‘all inclusive’ services

Tuesday, June 4, 2019

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The number of hotels at the seaside with ‘all inclusive’ services will reach this summer 29 with a total of over 13,500 beds, double against the situation of five years ago, shows a study made on an online sales platform.This summer, the number of places ‘ all inclusive’ in hotels has increased by 3,243 namely 30% against the capacity of last year, which means a capacity of reception for the tourists of 270,000.According to the data of ...

Trade: The local toy market is growing spectacularly based on the rising appetite of Romanians

Tuesday, June 4, 2019

The spectacular technological advance has created a significant boost in the gaming and toy market. According to a KeysFin analysis, due to the economic growth and significant diversification of consumer habits, Romania has become an extremely attractive market for toy companies. Gaming and toy business (manufacturing and trade) rose by more than one-third compared to 2016, and by 344% from 2013, to 950 million lei in 2017. The evolution was stimulated by the offer expansion and ...

Analysis: Romania's refreshments market, estimated at 6.5bn lei in 2019

Tuesday, June 4, 2019

The market for refreshments in Romania could exceed this year the level of 6.5 billion lei, by 40pct higher than 10 years ago, through the over 800 companies registered in this sector, shows a specialist analysis published on Friday.According to the Frames analysis, the number of bottlers of mineral water and refreshments almost doubled since 2010 from 437 to over 800 in 2018 (preliminary data), after which in 2017, as many as 767 firms reported financial data.In this ...

Real Estate: Shikun & Binui continues residential project started by Rothschild in northern Bucharest

Tuesday, June 4, 2019

Rothschild financial group, which has been active in Romania through the investment fund EdR Real Estate (Eastern Europe), will completely exit the local property ...

Real Estate: Analysis: Record housing under construction in Bucharest, with over 20,000 units, particularly middle market

Tuesday, May 28, 2019

2018 was the most prolific in the history of the residential market in Bucharest and its surroundings, establishing a new post-Revolution record, with 11,272 completed dwellings, but 2019 could bring a new maximum, with 14,000 units that could be handed over, reveals a report by a real estate consultant.At present, more than 20,000 homes are currently in different stages of actual construction in Bucharest and neighboring localities, representing an absolute ...

Alinso Group to enter Bucharest office market

Tuesday, May 28, 2019

Belgian real estate developer Alinso Group, the fifth largest owner of industrial and logistics spaces in Romania, plans to enter the Bucharest office market as well by acquiring existing buildings or developing new ...

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