House prices in Romania still 31% lower than ten years ago

House prices in Romania still 31% lower than ten years ago

Jan 20, 2018

Average house prices were 31.5% lower in the fourth quarter of 2017 compared to the same quarter of 2007, despite the recovery in recent years, according to an analysis by local real estate portal Imobiliare.ro. The year-on-year price growth rate slowed down in the last quarter of last year, to 9.1%, from 12.4% in 2016. When compared to the previous quarter, the...

New armored vehicle made in Romania to use 87% local components

New armored vehicle made in Romania to use 87% local components

Jan 20, 2018

The Romanian-German joint venture that will produce the new 8X8 Agilis armored vehicles at the Moreni plant in Romania will create 600 direct and indirect jobs in the town, says Romania-Insider.com. The company, which is called Romanian Military Vehicle Systems (RMVS), will build 400 armored vehicles based on German technology, with some 87% of the components...

Famous Romanian shoe factory goes into insolvency

Famous Romanian shoe factory goes into insolvency

Jan 19, 2018

Clujana, one of the oldest shoe factories in Romania, went into insolvency, according to a decision of the Cluj Specialized Court, cited by Mediafax. The company has difficulties in repaying over RON 13 million (EUR 2.8 million) worth of historical debts to the tax authority ANAF, which was accumulated during 2013-2014, according to...

RE/MAX Romania grows business by 30% in 2017

RE/MAX Romania grows business by 30% in 2017

Jan 18, 2018

Real estate agency RE/MAX Romania said on Tuesday that its business grew by 30% on the year in 2017, reaching 2 million euro ($2.5 million), according to SeeNews.com. In 2017, RE/MAX brokered over 1,500 real estate transactions, up 50% compared to 2016, it said in a press release. Some 57% of the transactions were sales and 43% were rentals. The largest...

Sunimprof Rottaprint invests in more Mark Andy technology

Sunimprof Rottaprint invests in more Mark Andy technology

Jan 17, 2018

Romania-based printer Sunimprof Rottaprint has invested in two 8-color Mark Andy P5 flexo presses, its second and third machines of this model, says labelsandlabeling.com. The production floor at the company’s headquarters in Cluj-Napoca features seven narrow web flexo presses, and a mid web offset line. Moving up from the 280mm width Mark Andy LP3000,...

Poland’s LOT to increase frequency of Warsaw-Belgrade flights

Poland’s LOT to increase frequency of Warsaw-Belgrade flights

Jan 17, 2018

Polish airline LOT plans to gradually increase the frequency of its Warsaw-Belgrade service in March and July, according to the flight schedule posted on the company’s website, quoted by SeeNews.com. LOT currently operates seven weekly flights between Belgrade and Warsaw, which will increase to eight as of March 25 and to eleven as of July 6, the flight...