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Real Estate: Real estate investment volumes in 2020 will be about 50% lower than initially expected

Tuesday, May 12, 2020

The real estate investment volumes in 2020 will be about 50% lower than originally expected before the crisis caused by the new coronavirus pandemic, according to Gijs Klomp, Head of Investment Properties, CBRE Romania. He also said that “only in 2021, we will see a return to volumes over EUR 1 billion.” CBRE consultants believe that the real impact of the COVID-19 pandemic in the real estate market will be felt ...

Apartment prices edge down in Romania - but not in first-tier cities

Tuesday, May 12, 2020

The country-wide average apartment prices in Romania dropped by 1.7%, to EUR 1,367 per square meter in April, after a 1.8% rise in the month before. Still, this was not the case for the large cities like Bucharest, where the average apartment prices increased by 2% to EUR 1,395 per sqm in April after a significant 3.8% decline in March. Online real estate platform Imobiliare.ro compiles this price index every month based on the ...

Infrastructure : Ryanair resumes flights from Bucharest to London on May 15

Tuesday, May 12, 2020

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Ryanair, the biggest low-cost airline in Europe, will reopen its Bucharest to London Stansted route on May 15, when the COVID-19 lockdown ends in Romania. The airline will have three flights per week on this route, which has been included in its limited flight schedule. “We are pleased to add this route connecting Bucharest and London Stansted with three weekly services from May 15. We work with EU Governments to try to keep some minimum flight ...

Railway between Otopeni airport, Bucharest North Train Station, ready at end-August

Tuesday, May 12, 2020

Minister of Youth and Sports Ionut Stroe was impressed by the railway that will connect the North Train Station with the "Henri Coanda" Airport, which "will take Bucharest into the 21st century", declaring that the works will be completed at the end of August."Today, together with Minister of Transport, Lucian Bode, and with Gica Popescu, I paid a visit to the 'Aurel Vlaicu' Airport and to the railway line that will connect the North Train Station with the 'Henri ...

The traffic of goods through the Romanian maritime ports, on the increase since the beginning of 2020

Tuesday, May 12, 2020

The activity in the Romanian seaports is carried out in normal conditions, without dysfunctions, the Romanian maritime gateway being operational and open for all flows of goods, announced on Monday the national company Administration of Maritime Ports Constanta. The traffic of goods registered since the beginning of the year is maintained on the increase, as compared to the same period of the last year, 2019 being a year with a ...

EU Commissioner Valean: Green corridors maintained; freight transport is the blood flowing through Europe's veins

Tuesday, May 12, 2020

European Commissioner for Transport Adina Valean has stated on Friday, within an online dialogue with the citizens, that she wants to keep "the green corridors" in view of maintaining the movement of freight on the entire EU territory, and, currently, work is underway for the "green corridors plus," considering the increase in the volume of freight after economic activities are resumed."Our intention is to keep them [the green corridors] for the predictable future ...

Tourism : Statistics: 69.8 pct plunge for arrivals in Romania's tourist accommodation establishments this March

Tuesday, May 12, 2020

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Compared to the corresponding month of the previous year, the arrivals in the establishments of tourists’ reception with functions of tourists’ accommodation decreased by 69.8 %, while the overnight stays decreased by 68.2% in March 2020. Compared to March 2019, in March 2020 customs registered a decrease in the arrivals of foreign visitors of 50.1 % and a decrease of 55.6% in the departures abroad of ...

New localities and areas in Romania, certified as tourist resorts of national and local interest

Tuesday, May 12, 2020

The Romanian Government, at the initiative of the Ministry of Economy, adopted on Thursday, the Decision for approving the certification of some localities or parts of localities, as tourist resorts of national and local interest and for amending some annexes to the Government Decision for the approval of tourist resorts' certification standards and criteria.According to a press release of the ministry, following the verification of the fulfillment of the legal ...

Four in ten Romanians want to travel after May 15, opting for isolated, risk-free accommodations

Tuesday, May 12, 2020

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Four in ten Romanians are planning to travel after coronavirus lockdown restrictions are lifted on May 15, wanting isolated accommodations and risk-free bookings, according to a study published on Friday by an online booking platform.According to the Travelminit.ro research, almost half of the respondents stated that Romania will be the main holiday destination for this year and, unlike other years in which the price took precedence in making the purchase ...

Trade: One in two Romanians with internet access buys food, coffee, hygiene products online

Tuesday, May 5, 2020

One in two Romanians who have access to the internet currently buys food, coffee and hygiene products online, and over 60% of respondents intend to continue buying online, according to an iVox.ro study commissioned by Blugento, a Romanian company, provider of complete eCommerce solutions.According to the same study, two out of three Romanians pay for their purchases online, giving up cash, and the hygiene of the packaging or parcels is deemed the most important ...

Study: 9 of 10 nonfood retailers expect turnovers for 2020 to be affected by the Covid-19

Tuesday, May 5, 2020

Nonfood retailers are among the most affected by measures taken during the state of emergency to prevent the spread of Covid-19. 45 percent of retail tenants expect over 30 percent decrease of their turnover in 2020 and another 39 percent foresee up to 30 percent declines as a result of these at least 2 months of no trading, with slow recovery expected in the second half of this year, according to a study conducted by Colliers International’s Retail ...

Real estate: CBRE: Real estate investment volume in Q1 – 120.9 million euros

Tuesday, May 5, 2020

The overall volume of real estate investments in the first three months of 2020 was 120.9 million euros, 85% of which were purchases of office and industrial areas, according to CBRE Research data.  According to them, a total area of 55,000 square meters was transacted in the first quarter of 2020, 50% less than the similar period of 2019. Of this area, net demand represented 41,500 sq.m, while negotiations and contract renewals represented an ...

Opus Land buys more land to expand large residential project north of Bucharest

Tuesday, May 5, 2020

Turkish real estate developer Opus Land has completed the acquisition of another 15.6 hectares of land next to its Cosmopolis residential complex north of Bucharest. The company also bought 10 hectares last year for expanding Cosmopolis. Opus Land confirmed, on April 27, its plans to invest over EUR 22 million in 2020 in the ongoing development of the residential project complex. “We continue to ...

Cars: The sales for new motocycles have increased in Romania with 14.7% in Q1

Tuesday, May 5, 2020

The registrations of new motocycles have increased in Romania wit 14.7% in the first three months în 2020 as compared to the same period of last year, most units being acquired in the region Bucuresti – Ilfov, shows the data of the Association of Producers and Importers of Autovehicles (APIA).According to the statistics, which relies on the aggregated information of the Department for Driving licenses and Vehicle registration (DRPCIV) in Q1 of the year ...

APIA : acquisitions of "green" cars increased in Romania in Q1; market share reaches 5.7pct

Tuesday, May 5, 2020

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"Green" cars (electric & hybrid) acquisitions in Europe saw an important increase in the first quarter of 2020, although the general development of the car market was negative, in Romania reaching a market share of 5.7%, compared to only 4.1% in the same period of 2019, according to data from the Automotive Manufacturers and Importers Association (APIA),, which quoted the latest analyses published on this topic."Recent available public analyses show that, in ...

Tourism: Over 2.5 million tourists participated in actions organized by travel agencies in 2019

Tuesday, May 5, 2020

The overall number of tourists participating in actions organized by travel agencies in 2019 was of 2,526,500 persons. Of them, 86.1% represented tourists participating in  travel actions organized by travel agencies with organization activity, according to data centralized by the National Statistics Institute. In the domestic tourist activity, Romanian tourists who benefiteed from actions organized by travel agencies with ...

Agriculture : FirstFarms sells 1,675 ha of farmland in western Romania

Tuesday, May 5, 2020

Danish group FirstFarms plans to sell over 1,675 hectares of farmland in western Romania. The group bought the land in 2007-2008, but the profitability obtained from cultivating it hasn't been sufficient, the company ...

Telecom. IT: Social Monitor: 84% of Romanian households connected to Internet, EU average is 90%

Tuesday, April 28, 2020

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Online education may be an alternative not only for crisis periods but also for isolated communities. In Romania, only 84% of households are connected to the Internet, according to Eurostat data, to a Social Monitor, a project by Friedrich-Ebert-Stiftung, Romania. In comparison, at EU level, the average number of households with Internet access is 90%. “The Social Monitor, a project by Friedrich-Ebert-Stiftung Romania, ...

Agriculture: Orban: Purchases of corn and wheat must be urgently made for state reserves

Tuesday, April 28, 2020

Prime minister Ludovic Orban recently declared that purchases of wheat and corn must be urgently made for state reserves. Exports will resume when necessary quantities are completed. “In the case of wheat and corn, we must make urgent purchases for the state reserves. We spoke with the finance minister, we will be able to allocate financial resources from the reserve fund. On the other hand, you (Adrian Oros, minister of agriculture), together ...

Market volatility and weak harvest forecast increase need for digitization in the agricultural sector

Tuesday, April 28, 2020

COVID-19 has sparked volatility in international commodity markets, and the agricultural sector is now facing the challenges of hoarding of grains and other agricultural commodities for both food and feed. Commoditrader, a marketplace for online trading of agricultural commodities notes increasing interest in times of market volatility in the agricultural sector after the measures of suspending exports of cereals and then reopening the market taken by Romanian authorities in ...

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