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Daily Mail: Jeremy Corbyn’s idea of a break? A week in Romania flying with Wizz Air, touring ”Dracula country”

Posted by on Aug 18, 2019 in NEWS | 0 comments

Daily Mail: Jeremy Corbyn’s idea of a break? A week in Romania flying with Wizz Air, touring ”Dracula country”

Famous as the home of blood-sucking vampire Count Dracula, Transylvania is not renowned as a popular destination for British families on their summer holidays, says Daily Mail. But perhaps it should be no surprise that Jeremy Corbyn opted for a break in central Romania this year – after all, he has enjoyed previous trips to former Communist Eastern bloc countries. Earlier this month, the Labour leader and his third wife Laura Alvarez toured Transylvania for a week in a hire car, starting their holiday in the city of Cluj-Napoca after a...

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BT improves profit amid widening net interest margin

Posted by on Aug 17, 2019 in NEWS | 0 comments

BT improves profit amid widening net interest margin

The Romanian financial group Banca Transilvania (BT), which comprises the largest Romanian bank by assets, announced on Wednesday, August 14, that its net profit advanced by 9% year-on-year in the first half of the year to RON 942 million (EUR 199 million), according to Romania-Insider.com. Group entities, other than the bank, contributed RON 94 mln (EUR 20 mln) to the net profit. The rise was driven by robust net interest income that advanced by 18.6% year-on-year to RON 1,513 million (EUR 319 mln). The value of the bank’s assets advanced...

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Metallica donates for children’s hospital in Bucharest, sings Romanian song

Posted by on Aug 16, 2019 in NEWS | 0 comments

Metallica donates for children’s hospital in Bucharest, sings Romanian song

Legendary American heavy metal band Metallica had their fourth concert in Romania on Wednesday evening (August 14) and offered their fans on National Arena in Bucharest a memorable experience, says Romania-Insider.com. Two gestures by the band’s members made a strong impression. Just before the concert, Metallica announced it would donate EUR 250,000 to the first private children’s hospital in Romania, a project of local NGO Daruieste Viata (Give Life). The band’s members donated EUR 50,000 themselves and EUR 200,000 came from the main...

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Turda implements award-winning urban mobility plan

Posted by on Aug 15, 2019 in NEWS | 0 comments

Turda implements award-winning urban mobility plan

The town of Turda, in Cluj county, is implementing the urban mobility plan that won in 2018 the Award for Sustainable Urban Mobility Planning of the European Commission, says Romania-Insider.com. Based on the plan, Turda received in 2018 EU financing amounting to EUR 31.3 million. The projects cover the modernization of the main streets where public transportation means run, by adding bicycle lanes, building modern stations, adding e-ticketing facilities and video monitoring, among others. At the same time, 20 electric buses were purchased and...

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Real estate investments in Romania reach EUR 410 million in H1 2019

Posted by on Aug 14, 2019 in NEWS | 0 comments

Real estate investments in Romania reach EUR 410 million in H1 2019

The investment volume in H1 2019 amounted to almost EUR 410 million, a 6 percent increase compared to the similar period of last year, when the figure for investment transactions was EUR 386 million, according to Cushman & Wakefield Echinox calculations, quoted by Business-Review.eu. At the Central and Eastern European (CEE) level, which includes Poland, the Czech Republic, Slovakia, Hungary, Romania and Bulgaria, the Romanian market attracted around 10 percent of the total investment volume of EUR 4.1 billion. The Czech Republic ranked...

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Celtic are like Barcelona according to Cluj manager Dan Petrescu

Posted by on Aug 13, 2019 in NEWS | 0 comments

Celtic are like Barcelona according to Cluj manager Dan Petrescu

The Romanian champions will be in Glasgow today for the Champions League second leg, says FootballScotland.co.uk. CFR Cluj manager Dan Petrescu is continuing with the mind games, as he claims Celtic remind him of Barcelona. The former Chelsea defender repeatedly played down his team’s chances ahead of the first leg of the Champions League qualifier, which ended in a 1-1 draw. Read...

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Bors Dumitrescu Takes the Lead for Romanian Juniors

Posted by on Aug 12, 2019 in NEWS | 0 comments

Bors Dumitrescu Takes the Lead for Romanian Juniors

Romanian youngster Lucian Bors Dumitrescu captured the gold medal in his category U66kg this weekend at the Junior European Cup in Cluj Napoca in his own country. Bors Dumitrescu belongs to those talents this season that claimed three gold medals. He is most dominant athlete in his weight class in the IJF World Tour in 2019, says Judo Inside. Romanian secured three gold medals this weekend in Cluj but was not the winning nation. That honour was for the strong team of the Ukraine that won three gold and two silver medals and a total of twelve...

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Number of passengers at Cluj-Napoca airport up 40 pct during Electric Castle & Untold festivals

Posted by on Aug 9, 2019 in NEWS | 0 comments

Number of passengers at Cluj-Napoca airport up 40 pct during Electric Castle & Untold festivals

Romanian city Cluj-Napoca recently hosted two of the biggest festivals in the country – Electric Castle and Untold – and attendees are increasingly choosing to get to the festivals by plane. As a result, during the festival period, the Cluj-Napoca airport recorded up to 40 percent more passengers than usual, according to data provided by tourism agency Vola.ro, quoted by Business-Review.eu. July was the busiest and most expensive month of the year for flights to Cluj-Napoca. “Between July 30 and August 4 (the week of Untold Festival)...

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Romania’s Untold music festival required EUR 14 mln investments

Posted by on Aug 8, 2019 in NEWS | 0 comments

Romania’s Untold music festival required EUR 14 mln investments

The fifth edition of Untold, the biggest music festival in Romania, organized this year between August 1 and 4, in the city of Cluj-Napoca, involved an investment of EUR 14 million, according to the organizers, Profit.ro reported. Ticket sales covered 40% of the costs, 40% of the budget came from sponsors, and the remaining 20% came from the fees paid by food and drink booth operators, according to Romania-Insider.com. Every year, the budget of the festival increases by EUR 2 million, according to Edy Chereji, marketing and communications...

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Office players exploring new development hotspots in Bucharest, regional cities

Posted by on Aug 6, 2019 in NEWS | 0 comments

Office players exploring new development hotspots in Bucharest, regional cities

The Bucharest office market reached the 3 million square meters (sqm) milestone in the first quarter of 2019, with new development poles emerging in the city on the back of growing demand. Large regional cities such as Timisoara, Cluj-Napoca and Iasi are also recording a dynamic pace of development for office spaces as companies look for complex buildings to accommodate their growing base of skilled workers, according to Business-Review.eu. The Romanian capital has another 216,000 sqm under development in the office segment, on top of the 3...

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