Apartments in Cluj Napoca became the most expensive in August, exceeding those in Bucharest, after an annual price increase of 11%, according to a study which shows that prices have been growing for three months at national level, according to ActMedia.ro.
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Balkans.com: A significant decline in the supply of apartments available for rent
In full “season of rents”, an analysis by Imobiliare.ro in five major academic centres of the Romania (Bucharest, Cluj-Napoca, Timisoara, Brasov and Iasi) Romania reveals a significant decline in the supply of apartments available for rent. Taking August as a benchmark, where there is usually a surge due the new academic year, data collected indicates a difference of 18.45 percent in the number of deals in the market, dropping from 8,500 ads in 2014 to less than 7,000 in 2015. The downward trend is being felt in varying degrees among the cities analysed, according to Balkans.com.
Read MorePeach Aviation, Radom Airport, Muscat Airport and Munich Airport all celebrate awards
This week, Peach Aviation welcomed its Route of the Week certificate with open arms (or closed peached fingers in this case) for the launch of services between Osaka Kansai and Miyazaki on 28 August. Holding the certificate is Isao Ono. SVP Commercial, VP Commercial Planning, and VP Marketing, according to www.anna.aero.
Read MoreOrange opens second smart shop in Romania
Orange Romania opened its second smart shop in the capital Bucharest after opening its first one in Transylvania’s region capital, Cluj. Located in the Baneasa Shopping City mall, the shop invites visitors to enjoy a digital experience and a personalised approach of services. The store has a more personalised approach and its original space was increased and transformed into a warmer and friendlier environment, according to TelecomPaper.com.
Read MoreBancpost launches the conversion into lei offer for clients having mortgage-backed CHF loans
Bancpost launches an individualized offer of currency conversion into Lei. The conversion offer consists of a reduced fixed interest rate of 1.5% p.a. for 3 years, which will be reflected into an average of 30% decrease of the monthly instalment. After this period a variable individualized interest rate will be applied, composed of a fixed margin and the ROBOR 3 month index.
Read MoreJewish Journal: Kolozsvar, the Forgoten Ghetto
It is wholly unthinkable what it must have been like to be taken out of your home, simply because you belonged to a certain ethno-religious group, and thrown into a ghetto, where your fate was already decided by forces that were beyond your control. Yet, this is by no means a singular story but one that happened innumerable times throughout the course of the Shoah. The few survivors that are still around today must come forward and present their narratives so we can tell it to the world, according to JewishJournal.com.
Read MoreWizz Air plans to launch three new routes from Romania in 2016
Wizz Air Holdings plc, a Hungarian low-cost airline with its head office in Budapest announced it will be opening three new routes from Cluj-Napoca and Bucharest in 2016, says Balkans.com.
Read MoreCluj-Napoca surpasses capital Bucharest on apartment prices
The apartments in Cluj-Napoca, north-western Romania, became the most expensive in Romania in August, surpassing the ones in Bucharest. This happened after their price went up by 11% in the last 12 months (August 2015 compared to August 2014), according to Romania-Insider.com.
Read MoreDeloitte Central Europe Top 500: Romania Outperforms the Region
Romania remains one of the most attractive investment spots in the region, as shown by the surge in yearly revenue growth of Romanian companies present in Deloitte Central Europe Top 500. The largest Romanian companies present in Deloitte Central Europe Top 500 saw a median annual revenue growth of 5.3% compared to the regional rate of just 0.3%.
Read MoreBigger profit for Ryanair
Ryanair issued a trading statement raising its full year Net Profit guidance by 25% from a current range of €940m to €970m to a new range of €1.175bn to €1.225bn due to stronger than expected peak summer traffic and prices as its “Always Getting Better” (AGB) customer experience programme continues to win millions of new customers at slightly higher than expected air fares.
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