Imobiliare.ro: Apartment Prices, Romanians’ Demand And Purchasing Power Rose In 2016
The average price for apartments put up for sale across Romania rose 10.7% over the last 12 months, from EUR951 per useful square meter at the end of 2015, to EUR1,053 per square meter in December 2016, according to Imobiliare.ro.
According to Imobiliare.ro, an analysis of the distribution of demand in terms of prices also indicates an increase in the purchasing power of households.
In capital Bucharest, in December, sellers’ expectations reached an average of EUR1,138 per sqm, up 6.5% from EUR1,069 per sqm in the last 12 months. In the mentioned period, the highest increase, of 9.8%, was registered by new homes which reached EUR1,175 per sqm, from EUR1,070 per sqm at the end of 2015. Old apartment prices rose 5.7%, to EUR1,082 per sqm from EUR1,024 per sqm.
As regards the distribution of demand in terms of prices, the demand for apartments of up to EUR40,000 fell from 16% in the last quarter of 2015 to 13% in the same period of 2016, while the demand for homes of EUR40,000 to EUR60,000 saw a decline of 29%-27%. (mediafax.ro)
Investment Of EUR50M In Industrial Park In Baicoi
Several Chinese businesspeople invested EUR50 million in building a new industrial park in Prahova county (south-eastern Romania), in Baicoi.
Aurelian Gogulescu, president of Prahova Chamber of Commerce and Industry, said four industrial halls have already been built and the total investment will reach EUR50 million.
Gogulescu said the park will be developed in three stages: the construction stage, the utility connection stage and the third stage of attracting Chinese-held firms which will be permanently present in the industrial park. The industrial park in Baicoi will create thousands of jobs and will host Chinese companies. (mediafax.ro)
List Of Controversial Ministers
Florin Iordache, Lia Olguta Vasilescu, Florian Bodog, Nicolae Florin Jianu and Teodor Melescanu are among the controversial ministers proposed for Grindeanu Cabinet.
Justice Minister Florin Iordache is considered the man in the shadow of PSD who used to coordinate the amendments and legislative initiatives related to justice and criminal code in the Parliament. PSD legislative initiatives were often extremely controversial and meant to clearly serve the interests of investigated or sentenced politicians, according to Gandul newspaper.
Labour Minister Olguta Vasilescu was prosecuted in 2016 for bribery and money laundering, among others. In the electoral campaign back in 2012, she allegedly determined businessmen who had contracts with Craiova City Hall to carry out sponsorships, which she used to cover the costs of PSD electoral campaign. Nevertheless, the file was sent back to National Anticorruption Department DNA.
Health Minister Florin Bodog was state secretary and director in the Health Ministry between 2010-2012 and is the dean of the Faculty of Medicine and Pharmacy of Oradea University. In September 2016, Romania’s National Council of Degree and Diploma Certification (CNATDCU) withdrew his PhD supervisor qualification at the Medicine Faculty of Oradea University. (mediafax.ro)
Turkish Tourism Could Be Seriously Damaged By Recent Terror Attacks
Turkish tourism could face serious problems following the deadly New Year’s attack in Reina club in Istanbul, in the context of a significant decrease in the number of tourists since 2014, CNN reports.
Turkey ranked as the world’s sixth most popular tourism spot, just behind Italy, welcoming about 40 million visitors per year.
The number of visits have declined sharply after a failed coup and attacks carried out by ISIS and Kurdish militants. Even before the latest attack in Istanbul, the number of visitors was expected to fall by another 22% in the first few months of 2017. (mediafax.ro)