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Real estate: Report - 1,400 residential ensembles under construction in largest Romanian cities

Tuesday, June 6, 2017

About 1,400 residential ensembles with at least 30 apartments are being developed in Bucharest, Cluj Napoca, Timisoara, Constanta, Iasi, Brasov and Sibiu, according to a report publised by imobiliare.ro website. Most projects are in Bucharest, the next city having less than a half. According to imobiliare.ro data, the interest in the new residential segment has trebled since 2012, while 60% of potential buyers would choose a new ...

Romania ranks third in top European countries with newest stock of malls

Tuesday, June 6, 2017

Romania ranks third in the top of European countroes with the newest stock of malls, when 82% of functional commercial centres at the end of 2016 were commissioned in the last ten years, compared to only 38% at European level, according to the analysis made by a real estate consulting company. About 2.1 million square metres of an existing mall stock (without retail park and commercial galleries), about 1.7 million sq m were delivered between 2007 and ...

Trade: 90 pc of the toys on the Romanian market are imported

Tuesday, June 6, 2017

Games and toys market in Romania will pass the EUR 230 million threshold this year, according to a study of Perceptum marketing agenc quoted by romaniajournal.ro. The segment with the highest increase of about 80 percent, will be the construction toys (Lego-type). The largest share of the total toy market is registered by the various toys like those for infant and dynamic toys (kites, hoola hoops, fresbees, rattles, ...

Romania's beverage and tobacco exports exceed 557 million euros in first two months of 2017

Tuesday, June 6, 2017

Romania exported in the first two months of 2017 beverages and tobacco worth 557.6 million euros, by 162.1 million euros under the level recorded in the similar period of 2016, according to the data centralized by the National Institute of Statistics (INS). Beverage and tobacco imports stood at 363 million euros, lower by 25.7 million compared to the ones in ...

Mega Image, another retailer billionaire in euro in Romania

Tuesday, June 6, 2017

The local food complex is a market dominated by ten foreign players who have cumulated business of almost 50 billion lei (11 billion euro), almost 60 % of the total of the market. The stage is divided between Kaufland, Carrefour and Lidl. In the second part of the top there were changes, Profi and Mega Image going up some ...

Romanian Beer Producers Association- 80 l/per capita consumption in 2016

Tuesday, June 6, 2017

Beer market value was 15.8 million hl in 2016, while per capita consumption was 80 litres, the market beer in Romania preserving its  national character. The share of local production was over 97% of domestic consumption, while exports recorded a slight drop of 0.08 million hl in 2016 against 2015, reaching a total of 0.42 million hl, according the the Beer Producers Association. In 2016 the total level of investments was 69.7 million euros, on ...

Healthcare: Market of over-the-counter (OTC) medicines reached 780.3 million lei in Romania in the first three months of 2017

Tuesday, June 6, 2017

The market of over-the-counter (OTC) medicines, dietary supplements and personal care medical devices reached 780.3 million lei in Romania in the first three months of the year, a 22 pct increase over the same period in 2016, informs a specialised study released on ...

Telecom. IT: Romania broadband mobile internet connections rise 13.5% in 2016

Tuesday, May 30, 2017

Romania's telecoms regulator, ANCOM, said on Tuesday the number of mobile broadband internet connections in the country increased 13.5% on the year to 16.6 million at the end of 2016, outpacing fixed connections, seenews.com reads. Fixed broadband Internet connections rose by an annual 4.4% to 4.4 million last year, ANCOM said in a press release. The penetration rate of mobile broadband internet rose by ...

Romanian paid TV customers up 3% to 7.3 mln by end-2016

Tuesday, May 30, 2017

Romania's number of subscribers to paid audio-visual  retransmission services in Romania were up by 3 percent to 7.3 million by end-2016, according to the data reported by the providers quoted by telecompaper.com. Cable TV customers reached more than 4.7 million, DTH customers were 2.4 million and IPTV customers 95,000. Of the cable TV customers, 45 percent (2.1 million) were using cable networks and 2 percent or 95,000 used IPTV. DTH ...

BlackBerry KeyOne Launches in Malaysia and Romania

Tuesday, May 30, 2017

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Blackberry KeyOne is now available for pre-orders in Malaysia and Romania, geeky-gadgets.com informs. Unfortunately, there’s no word about the exact shipping dates for the handsets, except that it will start shipping later this month. Customers residing in Malaysia will be able to grab the handset for RM 2,688 ($625), and avail a free JBL T450BT wireless headset with the pre-orders. As for Romania, the handset is priced at LEI ...

Number of 4G mobile Internet connections increased by 113 pct in 2016

Tuesday, May 30, 2017

 The number of 4G mobile Internet connections increased by 113 pct in 2016, accounting for about 35 pct of the overall mobile broadband Internet, according to the latest statistical data report by the National Authority For Management and Regulation in Communications (ANCOM), released on Tuesday. The data processed by the local telecommunications referee shows that in Romania the total number of broadband mobile Internet connections was 16.6 million at ...

Orange Romania takes pre-orders for HTC U11 smartphone

Tuesday, May 30, 2017

Orange Romania announced that it started taking pre-orders for HTC's new flagship smartphone, the HTC U11, telecompaper.com ...

Trade:  Imported fruit and veg sold as domestic

Tuesday, May 30, 2017

Last week, control teams of the Romanian Ministry of Agriculture and Rural Development (MADR) have verified compliance with the relevant legislation in all agro-food markets in Bucharest, and the conclusion was that "very large volumes of fresh vegetables and fruits from intra-Community shipments or imports are traded as domestic products in wholesale stores or directly in agro-food markets," said a MARD statement quoted by freshplaza.com. Also, ...

GfK study: Romanians buy more expensive products, but cut volumes purchased

Tuesday, May 30, 2017

According to the GfK Consumer Confidence barometer,confidence of Romanians shot up in the first quarter of 2017, reaching the highest level since the debut of the crisis, business-review.eu reads. The economic measures that debuted last year were carried through the first quarter of 2017, the study shows. Specifically, pensions increased by 5 percent and the income tax was eliminated for pensions under RON 2,000. The ...

Cars: APIA: Sales of new motor vehicles in Romania advanced 12.6 percent in the first four months of 2017

Tuesday, May 30, 2017

Sales of new motor vehicles in Romania advanced 12.6 percent, y-o-y, in the first four months of 2017, with the sales of used cars already reaching 55 percent of the total recorded in 2016, according to data with the Association of Romanian Automobiles Makers and Importers (APIA) released on Tuesday. January - April 2017 total deliveries (automobiles plus commercial vehicles) advanced 12.6 percent from the same period of 2016, with the deliveries of ...

Eco-friendly cars purchased by Romanians in the first four months of the year increased by 181 pct

Tuesday, May 30, 2017

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 The number of eco-friendly cars purchased by Romanians in the first four months of the year was almost two times higher (181 pct) compared to the same period of 2016, reaching 548 units, shows statistical data of Romania's Association of Automotive Manufacturers and Importers (APIA).According to official data, green cars (electric and hybrid) accounted for 1.7 pct of total sales of new automobiles between January - April 2017. Within this margin, sales of ...

Infrastructure : The Timisoara-Belgrade highway project blocked itself before it started

Tuesday, May 30, 2017

The Timisoara-Belgrade highway is no longer built because of Romania, not of Serbia, the Belgrade authorities say. The reaction follows PM Sorin Grindeanu’s statements on Saturday, who blamed the Serbian side for the failure of the project. “Serbia has supported the project to build a highway connecting Serbia to Romania and has considered it a strategic one, but the Romanian side did not approve the project in due time,” the Ministry ...

The first of two new Boeing 737-800 NG aircraft, named Sarmizegetusa,arrived at Henri Coanda-Otopeni Airport

Tuesday, May 30, 2017

TAROM welcomed into its fleet the first of two new Boeing 737-800 NG aircraft, named Sarmizegetusa on Wednesday in an event organised at Henri Coanda-Otopeni Airport. The new aircraft, which will add to the already existing 21 aircraft, were acquired through a dry-lease,10-year-long procedure.  Ambassador of the US in Bucharest Hans Klemm stated on Wednesday that TAROM company purchasing a Boeing aircraft is symbolic for the ...

PM Grindeanu : projects in the infrastructure area amounting to about 3 billion lei were launched for tender

Tuesday, May 30, 2017

Prime Minister Sorin Grindeanu stated on Tuesday, at private TV broadcaster B1TV, that projects in the infrastructure area amounting to about 3 billion lei were launched for tender during this period. The head of the Executive gave the example of the bridge across the Danube from Braila to Tulcea. "This bridge (...) has been the topic of discussions for 20 years. Not even once has it been launched for tender and we are talking about a bridge that can be built ...

Real Estate: BNR warns that real estate prices spike could pose risk

Tuesday, May 30, 2017

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According to the National Bank of Romania (BNR), the Romanian economy is facing new risk, represented by the acceleration of prices in the real estate field, business-review.eu reads. Specifically, the increase can bring to tensions and fuel deficits, data included in the report on financial stability presented on Thursday by BNR Vice Governor Liviu Voinea show. However, this ...

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