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Economic

Cars: Statistics: turnover volume of vehicles and motorcycles trade increased in the first nine months of 2017 by 11.7 percent

Tuesday, November 21, 2017

The turnover volume of vehicles and motorcycles trade increased in the first nine months of the year, compared to the similar period of 2016, both as gross series by 11.7 percent and as adjusted series according to the number of working days and seasonality by 12.9 percent, while the turnover volume of market services rendered to households increased in the reference period both as gross series by 14.1 percent and as adjusted series according to the number of working days and ...

New car registrations in Romania reached 88,805 units in October

Tuesday, November 21, 2017

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The number of new car registrations in Romania reached 88,805 units in October, in the first ten months of 2017, up almost 17 percent from to the same period of the previous year, as evidenced by statistics with the Driving Licences and Vehicle Registration Directorate (DRPCIV).On the other hand, second-hand car registrations continued at a very high level, reaching 426,029 units, January through October, up nearly 70 percent from the first ten months of ...

APIA: new automotive sales were almost 11 percent up January – October 2017

Tuesday, November 21, 2017

Romania's new automotive sales were almost 11 percent up January - October this year from the same period of 2016, to 127,509 units; cars account for 83 percent or 105,857 units of total deliveries, shows data released on Friday by the Association of Automotive Manufacturers and Importers (APIA). In the reporting period, car sales increased 13.4 pct. Just like in previous years, domestic sales were mainly supported by automotive purchases by ...

Sales of electric vehicles, up 2.5 times in Romania

Tuesday, November 21, 2017

The sales of electric vehicles in Romania, including hybrid and 100% electric cars, exceeded 2,000 units in the first ten months of this year, up 148% over the same period last year, romania-insider.com informs. Some 296 of them were 100% electric cars, more than double compared to the same period in 2016. The share of eco vehicles in the total car sales reached 2% between January and October this ...

Tourism : New royalty system could destroy Romania’s spa tourism

Tuesday, November 21, 2017

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Accommodation prices in Romania’s spa resorts could increase several times and the local spa tourism would be destroyed if the new royalties for concessions of mineral resources, oil and hydro minerals were approved in the form proposed by the Government, Nicu Radulescu, president of the employers’ organization of spa tourism in Romania (OPTBR), ...

Romania’s famous Ice Hotel, 60% booked before being built

Tuesday, November 21, 2017

Romania’s famous Ice Hotel, which is the only hotel of this kind in South-Eastern Europe, is already 60% booked even though its construction hasn’t started yet, romania-insider.com reads. The Hotel of Ice, which is located near Balea Lake in Fagaras Mountains, is being built every year from blocks of ice and snow. Its construction could start at the end of November, when the temperatures are ...

New Hilton hotel opens in Bucharest’s Old Town in December

Tuesday, November 21, 2017

The first Hilton Garden Inn hotel in Bucharest will open in December in the Old Town, romania-insider.com informs. The four – star hotel is located in a revamped historic building, near the National Bank headquarters, and is the first large chain hotel in the Old Town. The Lithuanian investors who own the hotel through local company Apex Alliance also own the Europa Royal hotel ...

Agriculture : Greenpeace reveals map on 300,000 hectares of virgin forests in Romania

Tuesday, November 21, 2017

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Virgin forests reportedly cover some 300,000 hectares in Romania, an analysis completed by Greenpeace Romania reads quoted by romaniajournal.ro. The organisation has launched on Wednesday a map with these forests, drawn up on public information and satellite images, and asks the Water and Forests Ministry to get involved to identify these areas, a first step towards protecting them, RFI informs. The map was drawn up by Greenpeace Romania together with ...

Romania's share of organic farming area second lowest in EU - Eurostat

Tuesday, November 21, 2017

Romania's organic farming area as a percentage of total crop area in the country was the second lowest in the European Union in 2016, Eurostat said on Thursday quoted by seenews.com. Within the bloc, Romania's share of organic farming area  - 1.6% of the total crop area - was higher only compared to Malta where it was 0.21%, Eurostat said in a statement. On the opposite end of the table, in Austria the organic farming area ...

Minister Daea: Romania recorded this year historic records in nine crops

Tuesday, November 21, 2017

 Romania has recorded this year historic records in nine crops, which shows the size of the potential that we have, Agriculture and Rural Development Minister Petre Daea stated on Monday, at a debate on the Romanian village, that takes place at the Romanian Academy. "This year, historic records have been registered in nine crops which show, on the one hand, the size of the potential that we have, of the research [area] having produced valuable varieties ...

Deficit in agri-food trade doubles

Tuesday, November 21, 2017

Romania’s deficit in agri-food trade rose to EUR 820.9 million in the first eight months of this year, more than double compared to the same period in 2016. However, the deficit slightly went down compared to the first six months of this year, when it exceeded EUR 1.06 billion, according to the Agriculture and Rural Development Ministry. Agri-food exports rose by 5.1% between January and August this year to EUR 3.8 billion ...

Trade: E-commerce to reach EUR 2.8 bln in Romania

Tuesday, November 21, 2017

The e-commerce market in Romania will reach EUR 2.8 billion this year, up 35% over 2016, according to the Association of Romanian Online Stores (ARMO) quoted by romania-insider.com. Romania’s e-commerce grew by 38% last year to EUR 2.05 billion, according to the European report on e-commerce concluded by the Global Ecommerce Association. The report placed Romania first in Europe based on the growth rate and second in the ...

In September 2017, the wholesale turnover1 decreased  by 1.6% compared to the previous month 

Tuesday, November 21, 2017

As against the previous month, in September 2017 the wholesale turnover (excluding the trade with motor vehicles and motorcycles), in nominal terms, decreased both as gross series by 2.6% and as adjusted series according to the number of working days and to seasonality ...

eMag, largest online retailer, sees changing trends in Black Friday sales

Tuesday, November 21, 2017

eMag, the largest online retailer in Romania, saw its highest sales yet during the Black Friday campaign organized in Romania last Friday, November 17, romania-insider.com reads. More important, however, the retailer also saw significant changes in consumer behavior compared to previous ...

Bucharest’s Calea Victoriei in top 50 most expensive retail streets in the world

Tuesday, November 21, 2017

Bucharest’s Calea Victoriei, one of the busiest boulevards in the Romanian capital, has climbed four positions in Cushman & Wakefield’s Main Streets Across The World report quoted by romania-insider.com The report tracks 451 of the top retail streets around the globe and ranks the most expensive in 68 countries by prime ...

Healthcare: Diana Paun : Romania should follow the European trend towards patient-centered healthcare policies

Tuesday, November 21, 2017

Romania should follow the European trend towards patient-centered healthcare policies and ensure the sustainability of the healthcare system, senior adviser Diana Paun said on Monday. "We are fast approaching the year 2019, when Romania takes over the rotating presidency of the Council of the European Union and has the opportunity to bring topics of interest to the agenda, but also to be fully in line with the European project and the themes advocated by the ...

Health Observatory: Romania among EU's top 5 by use of antibiotics

Tuesday, November 21, 2017

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Romania is ranked among EU's top 5 heaviest consumers of antibiotics, a situation which favors the emergence of treatment resistant bacteria, the Romanian Health Observatory (ORS) said in a report this Friday. "The high consumption of antibiotics has turned Romania into one of the European countries with the highest rates of proliferation of ...

Infrastructure : Romanian Govt. to borrow EUR 35 mln from World Bank for highway

Tuesday, November 21, 2017

The Romanian Government approved on Wednesday, November 15, a loan of up to EUR 35 million from the International Bank for Reconstruction and Development (IBRD) for preliminary activities on the construction of the Ploiesti-Brasov highway. IBRD is part of the World Bank group, romania-insider.com ...

Real Estate: Industrial, logistics and offices are drivers of Romanian real estate market in Q3

Tuesday, November 21, 2017

The industrial, logistics and office sectors in Bucharest were the drivers of the real estate development market in the first nine months of the year, while the retail sector recorded the lowest growth rate in terms of projects delivered in this period of time, according to the latest market report published by JLL, Bucharest City Report quoted by Business Review. Over 215,000 sqm were delivered in the Romanian industrial market between January and ...

Demand for offices in Bucharest reaches 45,000 sqm in Q3

Tuesday, November 21, 2017

The new demand for office space in Bucharest reached 45,000 sqm in the third quarter of this year and 134,000 sqm in the first nine months, according to real estate consultancy firm Colliers, romania-insider.com informs.Companies in IT and outsourcing dominated generated most of the ...

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