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Economic

Railway staff, affected by the migration of skilled labor to other activity sectors

Tuesday, March 28, 2017

The migration of skilled labor to other activity sectors, underpayment as compared to job responsibilities, resignations and massive retirement are just a few of the issues expected to further imbalance the railway staff pool, considers railway expert Viorel ...

EU backs Romania with 20 mln euro for water infrastructure upgrade project

Tuesday, March 28, 2017

The European Commission said on Friday it is providing 20 million euro ($21.5 million) to Romania from the Cohesion Fund for the upgrade of water and sewerage infrastructure in the western county of Caras-Severin. The project envisages the rehabilitation and expansion of infrastructure of water and sewerage in the towns of Resita, Caransebes, Bocsa, Otelu Rosu, Moldova Noua, Oravita , Anina and Herculane, the Commission said in a press release.The ...

Trade: Only 18 percent of Romanian internet users made online purchases in 2016

Tuesday, March 28, 2017

According to a study by Perceptum, only 18 percent of Romanian internet users made online purchases in 2016, the smallest in Europe and below the EU average of 66 percent, business-review.eu reads. In Romania, 7 percent of the turnover of Romanian companies, financial sector companies excluded, was generated by online sales, trailing only Bulgaria, Cyprus (with 4 percent) and Greece (6 ...

Healthcare: KPMG study : Clinical studies take too long to be approved in Romania

Tuesday, March 28, 2017

Clinical studies take too long to be approved in Romania, a study made by KPMG for the Romanian Association of International Drug Manufacturers (ARPIM) and Association of Companies that Coordinate Clinical Studies in Romania (ACCSCR) says, quoted by business-review.eu. In Romania it takes 25 weeks, three times more than the timeline set by EU regulations, KPMG’s Clinical studies in ...

Romania's mortality from tuberculosis halved in the past 13 years

Tuesday, March 28, 2017

Romania's mortality from tuberculosis halved in the past 13 years from 10.8 per 100,000 population in 2002 to 5.3 in 2015), due to the increased efficiency of the treatment administered in certain surveillance and monitoring circumstances, Dr. Victor Spinu, coordinator of the national TB prevention, monitoring and control program said on Thursday. "Tuberculosis mortality has halved in relative terms, because the treatment administered in sensitive cases is ...

Oradea, the city boasting the best medical facilities

Tuesday, March 28, 2017

Encompassing 16 state and private hospitals, next to another 90 private medical practices and pharmacies, Oradea, the capital city of Bihor county, northwestern Romania, was designated the urban city with the best medical facilities in Romania, according to a survey conducted by Storia.ro. Brasov ranked second and Timisoara third, with Târgu Mure?, Baia Mare, Pite?ti and Cluj-Napoca coming next. On the opposite side, the ...

Agriculture : PRIA Agriculture conference: In 2016, a trade deficit of 600 million euro of food products

Tuesday, March 28, 2017

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Romania imported food products last year worth 6.8 billion euro and exported products worth 6.2 million euro, resulting in a trade deficit of 600 million euro, up 100 million against 2015, declared on Monday, Florentina Dumitru, managing director of The Economics Directorate of the National Institute of Statistics (INS) at PRIA Agriculture ...

Farmers began sowing early cold-resistant crops

Tuesday, March 28, 2017

Above-normal temperatures were registered in the west of the country (up 2..4ºC from the long-term average for this time). The average weekly air temperature varied within +4..+15ºC during the week. The highest temperature reached +20ºC in the south and the lowest one hit -10ºC in the north at night. Light rains were seen everywhere during the week under review, amounting to a weekly total of 5-15 mm. The south of Romania received ...

Real Estate: RE/MAX Romania brokers real estate deals worth EUR 100 mln in 2016

Tuesday, March 28, 2017

RE/MAX Romanian brokered over 1,000 real estate transactions in 2016 with a combined value of EUR 100 million, a growth by over 130 percent compared with 2015, business-review.eu reports. According to company’s data, the overall commissions’ value gained via the real estate intermediation was around EUR 1.5 million in 2016, by 50 percent more compared with 2015. For 2017 the company hopes to reach 25 offices, 250 ...

Analysis: Logistics and industrial space deliveries in Romania to hit post-crisis record this year

Tuesday, March 28, 2017

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Some 500,000 sqm of logistics and industrial space are forecast to be delivered this year in Romania, which is up by 40 percent y-o-y and the highest post-crisis level, according to real estate consultancy Colliers Interna?ional quoted by business-review.eu. Demand for new logistics and industrial space from FMCG companies and online retailers is set to remain strong throughout 2017, thus fueling the development of new such projects, says the ...

Real Estate: JLL: Developers should complete over 200,000 sq.m of offices in 2017

Tuesday, March 21, 2017

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Office developers should complete this year 10 projects for 219,500 square meters, an area on the drop by 37% compared to the one completed in 2016. Most of the projects announced will have to be postponed for 2018, said Silviana Petre Badea, the general manager of JLL real estate consulting company, in an interview for News.ro. About 14 office projects are being built in Romania and should offer the market 310,500 square meters of office areas, ...

Hercesa has sold 98 pct of the first block of flats from the third phase of Vivenda Residencias

Tuesday, March 21, 2017

Hercesa group, present in Romania since 2004, sold 98 percent of the first block of flats from the third phase of Vivenda Residencias and will start works on the second building, which will comprise 56 apartments, mostly with three and four rooms, business-review.eu reads. Vivvenda Residencias will be finished in April. The second flat is already pre-contracted for 50 percent and Hercesa ...

Tourism : Ambassador Urs Herren: increasingly more Swiss discovered Transylvania

Tuesday, March 21, 2017

 Ambassador of the Swiss Confederation to Romania Urs Herren stated on Tuesday in Targu Mures, after the meeting with the authorities in the county, that Romania is well-known in his country and that increasingly more Swiss discovered Transylvania which is fascinating through richness and plenty of history. "I am for the first time in Targu Mures, I am very happy to be here because this county is an important destination for Swiss companies. The largest ...

The non?resident tourists arrived in Romania in 2016  spent on average 2397.9 lei/person

Tuesday, March 21, 2017

In Quarter IV  2016, the  total  number  of  non?residents in  collective  tourist accommodation  was 540.8 thousand and their expenditure amounted per total 1305.6 million lei. In  2016,  the  number  of  non?residents  in  ...

Agriculture: PwC study: Farmers work on the 6th farming area in EU, but productivity is low

Tuesday, March 21, 2017

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Improving the dimension of farm exploitations, the increase of their capitalization degree, the increase of the farmers’ professional training or the reduction of fiscal evasion are some solutions for improving productivity in the farming sector in Romania, according to a PwC study. The PwC analysis shows that Romania is one of the European countries with the highest farming potential, as it has the 6th biggest farming area ...

Slovenia, interested in importing quality foodstuff from Romania

Tuesday, March 21, 2017

Slovenia is interested in importing foodstuff from Romania because they are of very good quality, said Mihael Zupancic, the ambassador of Slovenia, pointing out he had tested those products personally during the trips made in Romania. The Slovenian diplomat recently met Petre Daea, the minister of agriculture and rural development and discussed commercial exchanges between Romania and Slovenia, both parties considering that bilateral relations are very ...

Romsilva is investing 42.2 million in the spring campaign of regenerating 10,712 hectares of forest land

Tuesday, March 21, 2017

Romania's National Forestry Corporation RNP - Romsilva is investing 42.2 million in the spring campaign of regenerating 10,712 hectares of forest land, by planting 32 million own production seedlings, according to data provided by RNP-Romsilva. "Romania's ...

Cars: Renault Commercial Romania is recalling in service of 1,289 Dacia Dokker cars

Tuesday, March 21, 2017

Renault Commercial Romania notified the National Authority for Consumer Protection (ANPC) about starting a campaign for recalling in service of 1,289 Dacia Dokker cars, it appears from the information published on the website of the institution. "Dacia has ...

Tturnover of trade in motor vehicles and motorcycles in January 2017 was 8.9 percent higher YoY

Tuesday, March 21, 2017

The turnover of trade in motor vehicles and motorcycles in January 2017 was 8.9 percent higher YoY, shows data of the National Institute of Statistics (INS) released on ...

Car scrappage programme for 2017 : eco-bonus subsidy is an increase to 2,500 lei

Tuesday, March 21, 2017

 Environmental Minister Daniel Constantin said Tuesday in Sibiu that that main novelty under the car scrappage programme for 2017 is an increase in the eco-bonus subsidy from 1,500 lei to 2,500 lei. "The scrappage bonus stays at 6,500 lei, to which the eco-bonus will add, which was 1,400 lei in 2016 and which can now be improved to 2,500 lei. And we will have at our disposal 170 million lei, I believe, that was available to the citizens in 2016 as well," ...

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