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Romania average foreign tourists’ expenses at EUR 480/person in H1

The number of foreign tourists in Romania in the first half of this year was around 1.2 million and their expenses reached to EUR 480/person on average, meaning RON 2.6 billion overall, according to the data of the National Institute of Statistics (INS). The main reason of foreign tourists’ stays was represented by business (60%) and their expenses represented 61.5 percent of the total. The...

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Dolce Sport becomes Telekom Sport

Telekom Sport is the new brand under which Telekom will bring sports events, including live broadcasts, sports news and talk shows. Telekom Sport offers sports enthusiasts a whole package of premium competitions, anytime and anywhere, live, on TV, laptop, tablet and smartphone. The channel will broadcast all UEFA Champions League and Europa League matches, all the Liga 1 and La Liga matches, the exclusively broadcasted...

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Ikea invests EUR 80 million in second Bucharest store, to open in 2018

Ikea will invest EUR 80 million to set up its second Bucharest store, to open at the end of 2018. The store is projected to be the largest in the region and it will be built by Bog’Art. The new store will have a surface of over 37,000 sqm and will create 300 jobs. “We are on the right track with the second store, close...

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Bucharest’s Henri Coanda airport could get new terminal worth EUR 818 mln by 2025

The National Airport Company Bucharest (CNAB) laid out plans for the construction of a new terminal at the Henri Coanda International Airport, which would double its passenger capacity. Officials of CNAB said the construction is set to start in 2022 and the total investment will stand at EUR 818.5 million, excluding the costs for land expropriations. The statements were made during a meeting with potential...

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INS maintain Romania’s growth estimate at 5.8% in H1 2017

National Institute of Statistics (INS) maintains estimations on economic growth to 5.8 percent of GDP in the first semester of the year, compared with the similar period of 2016, on gross series and 5.7 percent on seasonally adjusted series. Compared with the first quarter of 2017, the GDP in the second quarter of 2017 in real terms was higher by 1.6 percent. Compared with the...

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Retail turnover volume up by 8.1% during first seven months of 2017

The retail turnover volume, except for cars and motors retail, went up by 8.1 percent in first seven months, compared with the similar period of 2016, according to a release of the National Institute of Statistics (INS) from this Monday. The turnover volume in retail (except for cars and motors retail), on gross series, registered an increase by 8.1 percent during January 1-July 31 due...

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The average rent for studio apartments in Bucharest, up 4.58% in 2017

The average rent for a studio apartment in Bucharest reached around 228 EUR per month in 2017, up 4.58% from 218 EUR in 2016. The current residential rents are at a five-year peak, reveals a survey by Imobiliare.ro. Also in Bucharest, the rent for a two-room apartment is a monthly 321 EUR, compared to 298 EUR last year. For a three-room apartment, the asking rent...

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GfK Survey – One in three Romanians is concerned over rising costs in 2018

One in three Romanians, namely 29% of respondents, is concerned over rising costs in the upcoming year. Moreover, 21% of respondents are concerned over the evolution of the Romanian economy in the upcoming period, a study by GfK said. Most of the respondents, 92%, said they only lend amounts they know they can easily repay. The annual inflation rate, which measures the evolution of prices...

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2016 Romanian household share of expenditures

Income taxes, contributions to social security budgets, fees and other levies and dues accounted for 20.3 percent of the total household expenditure in 2016, amounting to a monthly average of 513 lei, the National Institute of Statistics (INS) informs in a document. “Taxes, contributions, fees, dues, account for a large share in the total household expenditures where earnings from salaries represent the predominant incomes. Thus,...

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Six out of ten Romanians to shop online via mobile devices this year

Six out of ten Romanians plan to make at least one online acquisition on mobile devices until year-end, according to a study published this Monday and put together by online platform iVox.ro at the request of the company Blugento, specialized in e-commerce solutions supply. The study highlights that mobile devices are becoming increasingly important in the online acquisition process taking into account that 4 in...

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