Code Yellow Warning For Bad Weather In Several Counties And Bucharest
Romanian weather authorities issued several yellow and orange code warnings for storms, valid for several counties in Romania. Capital Bucharest is targeted by a yellow code warning for storms and atmospheric instability.On Thursday, it was issued a yellow code alert for unstable weather, valid for Bucharest, until 6:30 p.m.
According to meteorologists, Bucharest will be subject to thunderstorms, hail, wind blows and rainfall expected to reach 15 — 200 liters per square meter, and even 25 liters per sqm in some areas.(adevarul.ro)
Romania, Among World’s Top Five By Cheapest Flights
Romania ranks in position 5, with an average flight cost of EUR 5.94 per 100 km of travel, factoring in both short haul and long-haul journeys, according to a study by an online travel agency.
This compares with the most affordable country, Malaysia, averaging a flight cost of EUR 3.84 per 100 km of travel. At the other end of the ranking, Belgium calculated at a cost over 13 times higher, at EUR 50.21 per 100 km of travel. Romania placed in position 27 in 2016’s ranking.
At the same time, Romania offers most affordable domestic flights on low cost airlines, at EUR 2.79 per 100 km of travel, compared to Qatar which offers the most expensive domestic flights on low cost airlines, at EUR 80.42 per 100 km of travel. (romanialibera.ro)
Dedeman Buys AFI Park Office Buildings For EUR164M
Brothers Dragos and Adrian Paval, who own the DIY retail chain Dedeman, signed the agreement with Africa Israel to buy AFI Park 1-5 office buildings near the AFI Palace Cotroceni mall for almost EUR164 million. This is the biggest office space deal on the Romanian market ever.
This is a two-phase deal, with Dedeman set to buy AFI Park 1, 2 and 3 for EUR86.5 million at first, according to the data Africa Israel published on the Tel Aviv Stock Exchange. The sale of the office buildings will generate EUR71 million cash flow for the Israeli group.
“Dedeman bought the AFI Park buildings directly. As for the sales of the Dedeman stores, our estimates are EUR1.25 billion for this year, up 7% on 2016,” Dragos Paval, who controls the 45-store DIY chain, told ZF.
AFI Europe Romania’s advisors in the deal were Colliers International Romania, law firm NNDKP and lawyer Bianca Stamatoiu, while Dedeman was assisted by Popovici, Nitu & Asociatii law firm.
“The deal will be AFI Europe’s first sale in Romania,” said David Hay, CEO of AFI Europe Romania.(adevarul.ro)
Elek Levente, New Interim Head Of Save Romania Union
Elek Levente will be interim president of the Save Romania Union (USR) after Nicusor Dan announced on Thursday that he resigned from the position of USR head and that of party member, USR said in a statement.
Deputy Nicusor Dan said Thursday, in Parliament, that he resigned from the two positions, considering, among others, the decision of the party’s national bureau, which is against redefining the family in Romania’s Constitution. (romanialibera.ro)