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Economic

Real estate: C&W Echinox: Office transactions reached 531 million euro in Romania last year

Tuesday, February 19, 2019

Transactions with offices reached a record level in 2018, 20 buildings with a cumulated rentable area of 220,000 sq.m and a value of 500 million euro being purchased in Bucharest alone, according to a report made by real estate consulting company Cushman and Wakefield Echinox. Office buildings were also sold in Cluj Napoca and Timisoara, the overall value of real estate transactions for offices at national level being 531 million euro, representing 55% ...

JLL: Average rate of unoccupied office areas in Bucharest at lowest level

Tuesday, February 19, 2019

The average rate of unoccupied offices in Bucharest dropped last year at a historic low level of 6.6%, compared to 9.2% at the end of 2017, while rents may go up, according to a report issued by the real estate consulting company JLL. The drop appeared on the background of lower development activity compared to the demand of office areas, JLL shows. If we take into account direct transactions between tenants and landlords, the ...

Infrastructure: Sibiu Airport, third in European airport top with traffic under 5 million passengers/year

Tuesday, February 19, 2019

Sibiu International Airport ranks third in the top of European airports with traffic under 5 million passengers/year, according to a press release. “According to the latest statistic data for 2018 presented by Airports Council International Europe - ACI Europe in the report issued in February 2019, Sibiu International Airport ranked third in the top of European airports with traffic under 5 million passengers per year, which recorded the highest ...

Tourism : Lithuanian group owning Hilton Garden Inn in Bucharest plan to open one more hotel near Otopeni airport

Tuesday, February 12, 2019

The Apex Alliance group based in Lithuania, which owns the Hilton Garden Inn Bucharest Old Town in Bucharest, is about to open its second unit of the 4-star division of the Hilton brand this summer. The new hotel will be located near ...

Real Estate: Around 250 ha of industrial platforms on sale in Bucharest and 2-3 transactions estimated for the year

Tuesday, February 12, 2019

According to Colliers International calculations, there are around 500 hectares of unstructured industrial platforms in Bucharest, and approximately half of them are on sale. “We include platforms in/near neighborhoods that benefit from access to public transport (many including the metro) and key points of the city, that is, those with a high potential for development in residential, commercial or mixed projects. We are talking about land plots ...

Land transactions in Bucharest reach a new record

Tuesday, February 12, 2019

Developers and real estate investors completed land acquisitions with a cumulative value of around 245 million euros last year in Bucharest, a new record for the past ten years, according to the Cushman & Wakefield Echinox real estate consultancy firm which has monitored 31 medium and large transactions. Compared to the previous year, the value of transactions increased by 13%, amid high interest on behalf of developers active on the residential ...

Bucharest, in the top of cities with the most experts in high-tech industry

Tuesday, February 12, 2019

Romania’s Capital city is among the top cities boasting the most experts in the high-tech innovative industry, with over 70,000 current employees, next to London, Dublin, Madrid or Budapest, reads a study conducted by CBRE real estate consultancy company. At the same time, since 2008 up to the present days, Bucharest has registered one of the most important increases in Europe regarding the number of employees in this sector, 66%. At present, ...

Real estate investments in CEE markets up 5 pct in 2018, to EUR 13.8 billion

Tuesday, February 12, 2019

Real estate consultancy company Colliers International reveals in its latest CEE report, Outlook 2019: Climbing at the altitude, that the CEE region ascended to record volumes of EUR 13.8 billion in ...

Infrastructure : Tarom achieves 1.4 higher market share, 10-year record passenger numbers in 2018

Tuesday, February 12, 2019

Romanian state-owned airline Tarom increased its market share by 1.4 percent in 2018 and recorded a 40 percent increase in the number of passengers flying on domestic routes compared to 2017. For 2018, Tarom reports a sales increase of USD 49.6 million (+ 21 percent) and total revenues also up by 21 percent compared to 2017, reaching RON 1.41 billion. Total sales (tax included) grew by 21 percent to more than USD 237.1 million. ...

Wizz Air to introduce new route from Bucharest in April

Tuesday, February 12, 2019

Low-cost airline Wizz Air will introduce a new route between Bucharest and Memmingen/Munchen, Germany, which is also operated by Tarom, Blue Air and Lufthansa, http://business-review.eu reports. Wizz Air is the largest low-cost airline in Central and Eastern Europe and one of the largest airlines in Romania, having been present on the local market since 2012. The company flies on 141 ...

Healthcare: Statistics: 140 Romanians die of cancer daily, disease is diagnosed late

Tuesday, February 12, 2019

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Cancer kills 140 Romanians daily and the disease is diagnosed late, according to data presented by the Federation of Cancer Patients Associations (FABC). The lack of information & screening programs is the main cause for the late detection of the disease. The federation also called for a National Oncology Plan, which would help change things. Such a plan should cover screening programs, access to investigations, novel therapies and genetic testing, ...

Children’s health in the EU in 2017 : More than 95% of children in the EU considered to be in good or very good health

Tuesday, February 12, 2019

In 2017, more than 95% of children in the European Union (EU) were considered to be in good or very good general health. This percentage changes only slightly by age group, from 96.5% for those aged under five, to 95.9% for those aged five to nine and 95.2% for those aged ten to fifteen. The percentage of children whose general health was considered to be bad or very bad was under 1% for all age groups. Less than 5% of children in the EU in 2017 were ...

Cars: Eco vehicles' sales up by over 65pct in 2018, in Romania

Tuesday, February 12, 2019

The number of the green cars (electric, hybrid and plug-in) sold in 2018 in Romania counted for 4,572, up by 65.7pct against 2017, reveal the data by the Automobiles Manufacturers and Importers Association (APIA). According to APIA, out of the above-mentioned total, 3,585 units are hybrid vehicles, up by 59.8pct vs 2017, 682 are 100pct electric vehicles (+102.4pct), while 305 are plug-in vehicles (+72.3pct). In 2018, the weight ...

Dacia Duster tops sales in Italy in segment C – statistics for January

Tuesday, February 12, 2019

Dacia Duster is on the first position in January, in terms of sales in Italy, in segment C, overtaking Fiat 500 X, which dominated the market in the past several years. “2019 starts with news which will not go unnoticed regarding the first month of this year. Duster was the best sold model in segment C in Italy, It is a very important market segment, with one of three car buyers,” Blasting News reads. With 3,923 cars ...

New car registrations down 10.7 pct in Q4 2018

Tuesday, February 12, 2019

The number of new passenger car registrations dropped 10.7 per cent in Q4 2018 compared with the same period of 2017, down to 154,087 units, while road freight vehicles recorded a growth by 11 per cent, up to 28,344 units, according to data released by the National Institute of Statistics (INS) on Wednesday.New registrations for cars transporting people recorded growth in the moped and motorcycle category, by 53.4 per cent (2,071 units), in the bus and microbus ...

Trade: Eurostat: Romania recorded the third largest increase in postal and online sales in the EU in 2017

Tuesday, February 5, 2019

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The latest annual figures on the volume of retail sales via either mail order houses or the Internet show a year-on-year increase of 12 % in the European Union (EU) in 2017. Retail sales by mail order or the Internet have been increasing through much of the last decade and since 2014 annual growth rates have exceeded 9 %. For total retail sales the pace of growth has been slower, with annual growth rates of between 2% and 3% since ...

Telecom. IT : Electronic communication and postal service operators fined over 2.4 ml lei last year

Tuesday, February 5, 2019

The National Communications Administration and Regulation Authority (ANCOM) last year handed down fines worth a total of 2.43 million lei (rd 530k euro, ed. n.) to several electronic communications and postal service operators, and conducted some 4,000 checks in the sector, the communications watchdog said in release on Monday.ANCOM carried out in 2018 as many as 2,728 control actions that ended with offending companies being served 203 notifications, 391 ...

Tourism : Romania-Serbia tourism project highlights Timis river valley

Tuesday, February 5, 2019

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A new tourism project, Eco Timis(Eco Tamis), will highlight the Timis river and its valley, on both the Romanian and Serbian side. The river, which has its source in the Semenic Mountains, in Caras Severin county, flows through the Banat region and drains into the Danube, in the Serbian locality of Pancevo. The project amounts to some EUR 1 million. It is implemented by four partners: the Pancevo Center for Volunteering and ...

Romania becomes the main source of foreign tourists in Bulgaria

Tuesday, February 5, 2019

Romania has become last year the main source of foreign tourists for Bulgaria, with 1.38 million tourists, up 21 percent against 2017, according to Bulgarian Ministry of Tourism, quoted by novinite.com, http://business-review.eu reads. Foreign tourist visits in Bulgaria reached 9.27 million last year, up 4.4 percent compared with 2017. “For the first time the foreign tourist visits ...

The tourism in month of December 2018

Tuesday, February 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 4.2 %, while the overnight stays increased by 3.2% in December 2018. • Compared to December 2017, in December 2018 customs registered an increase in the arrivals of foreign visitors of 5.0 % and an increase of 1.6% in the departures abroad ...

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