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Over EUR 1 bln worth of commercial real estate properties delivered in Romania in 2017

Posted by on Jun 18, 2018 in NEWS | 0 comments

Over EUR 1 bln worth of commercial real estate properties delivered in Romania in 2017

The value of retail, office and industrial real estate properties delivered in Romania last year reached EUR 1.08 billion, according to an analysis by real estate consultancy firm Activ Property Services, quoted by Romania-Insider.com. The study took into account the properties over 3,000 sqm finalized last year in Romania, built for rent or for own use. Office projects had the highest share in the total value. The new inventory of office space delivered in 2017 totaled 258,700 sqm and had an estimated value of EUR 465 million, according to...

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Ryanair will launch first route from Cluj-Napoca next year

Posted by on Jun 17, 2018 in NEWS | 0 comments

Ryanair will launch first route from Cluj-Napoca next year

Irish low-cost airline Ryanair will launch its first route from Cluj-Napoca, central Romania, in April next year, as part of the Summer 2019 schedule, says Romania-Insider.com. The company will fly from Cluj-Napoca to London Southend, after it opens its base on this airport. Cluj-Napoca will thus become the fifth airport from which Ryanair operates in Romania. The negotiations between the Cluj-Napoca airport and Ryanair have taken 10 years, according to the airport’s management. Ryanair has an operational base in Bucharest and also flies to...

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Young Romanian-born conductor named new music director of Canadian orchestra

Posted by on Jun 17, 2018 in NEWS | 0 comments

Young Romanian-born conductor named new music director of Canadian orchestra

Romanian-born conductor Andrei Feher, 26, was appointed music director of Canadian Kitchener-Waterloo Symphony Orchestra. He will take over the new position in August this year, says Romania-Insider.com. Andrei Feher was assistant to conductor Fabien Gabel at the Québec Symphony Orchestra and to conductor Paavo Järvi at the Paris Orchestra, where he had the opportunity to collaborate with other famous conductors such as Zubin Mehta or Valery Gergiev. In 2013, he conducted the final concert of the Young Prague festival, and in 2014 he took...

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Cosmetic Plant aiming for EUR 2.6 mln turnover by end-2018

Posted by on Jun 14, 2018 in NEWS | 0 comments

Cosmetic Plant aiming for EUR 2.6 mln turnover by end-2018

Cosmetic Plant, one of the main local cosmetics producers, ended 2017 with a turnover of about EUR 2.4 million and with over 1.2 million products sold, and aims to exceed a turnover of EUR 2.6 million for 2018, a 10 percent growth from the previous year, says Business-Review.eu. “The number of products sold by the company in 2017, as well as the turnover we achieved, proves that our business is developing thanks to the notoriety of the Cosmetic Plant brand both on the traditional market and in modern retail, where we continue to list our...

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Banca Transilvania to pay 0.03 euro/share dividend on June 15

Posted by on Jun 14, 2018 in NEWS | 0 comments

Banca Transilvania to pay 0.03 euro/share dividend on June 15

Romania’s Banca Transilvania will distribute a gross dividend of 0.1405 lei ($0.035/0.030 euro) per share on June 15, the bank said on Wednesday, according to SeeNews.com. The ex-dividend date was June 5, Banca Transilvania said in a bourse filing. Banca Transilvania’s net profit fell by 3.46% year-on-year in 2017 to 1.186 billion lei.   Read more...

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Study: Over 34 pct of employees in IT think they are underpaid

Posted by on Jun 13, 2018 in NEWS | 0 comments

Study: Over 34 pct of employees in IT think they are underpaid

The shortage of work-force is best seen in IT&C industry, where companies are struggling to retain the employees they have while 55 percent of them think they can get more money elsewhere and only 34 percent says they are paid according to the company’s possibilities and more than would be in other places, says Business-Review.eu. According to the study “IT & C human resources market barometer – How do IT & C companies succeed in motivating their employees?” conducted by NNC Services, a marketing and communications agency...

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Voivod To Release New Album “The Wake” This September

Posted by on Jun 13, 2018 in NEWS | 0 comments

Voivod To Release New Album “The Wake” This September

Voivod‘s fourteenth studio effort “The Wake” is scheduled for a late September release via Century Media, said MetalUnderground.com. Comments drummer Michel “Away” Langevin: “We are thrilled to let you know that our new album, ‘The Wake‘, is completed! The music is like a futuristic prog thrash metal trek with many twists and turns, and the story involves the usual Voivodian topics: disasters, chaos, conflicts, strange plots and alternate consciousness. We are excited with the result and can’t wait to get the material out to...

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Apartment price grows to 1,215 euro/sq.m in May, 1.5% more than in April

Posted by on Jun 13, 2018 in NEWS | 0 comments

Apartment price grows to 1,215 euro/sq.m in May, 1.5% more than in April

The average price for apartments sold in May at national level grew to 1,215 euro/sq.m, 1.5% over the level recorded in April , 1,197 euro/sq.m, according to an analysis made by a real estate website, quoted by ActMedia.eu. The growing tendency was registered in all big regional centres of the country, both in the old and new market. In May, Iasi exceeded the 1,000 euro/sq.m threshold for the average price of apartments, thus joining the other large towns, including Craiova, according to the analysis made by Imobiliare.ro. In Bucharest,...

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Romania’s book market, on an uptrend

Posted by on Jun 12, 2018 in NEWS | 0 comments

Romania’s book market, on an uptrend

The combined turnover of the book publishers and retailers in Romania is expected to go over RON 1.11 billion (some EUR 240 million) this year, the highest level in the last seven years, according to estimates by financial consultancy firm KeysFin. Compared to 2012, the turnover level is 16.2% higher, according to Romania-Insider.com. Moreover, the combined profits of these companies have doubled since 2012, reaching almost RON 100 million (EUR 21.5 million) in 2017, according to the same source. Book publishers have been making efforts to...

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One of the world’s most famous trees is being wiped out by climate change

Posted by on Jun 12, 2018 in NEWS | 0 comments

One of the world’s most famous trees is being wiped out by climate change

One of the world’s most famous trees – whose fruit has been enjoyed by the Duchess of Cambridge in a smoothie – is being wiped out by climate change, a study shows, quoted by TheLondonEconomic.com. The baobab – more commonly known as the ‘tree of life’ – also hit the headlines after Prince Harry and Megham Markle’s love blossomed under one during a holiday. The ancient produces a ‘superfood’ packed with antioxidants that has been popularised by celebrities. Now scientists have found the largest and most ancient baobabs in...

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