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Tourism: Bulgaria receiver three times more Romanians in summer than in  2020

Tuesday, October 19, 2021

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Bulgaria receiver over 461,000 Romanian tourists in summer 2021, about three times more than in 2020 and over 50% more than in 2019, so that 30% of tourists on the Bulgarian sea coast were Romanians, according to an online travel agency. In August alone, Bulgaria was visited by 250,613 Romanians, compared to 110,190 in 2020.   According to a study made by Travel ...

Agriculture:  Agricultural production in Romania down 15.4pct in 2020

Tuesday, October 19, 2021

- In 2020, the agricultural production value was 81400.4 mill. lei in current prices. - In 2020, the crop production holds the highest share (64.9%) in the structure of the agricultural production value.   Production in agriculture dropped 15.4pct last year compared to the previous year, down to 81.4 billion lei in current prices, according to data ...

Real estate: Nine out of ten Bucharesters look for quiet and green areas when choosing new house

Tuesday, October 19, 2021

Most Bucharesters (95%) declare they changes their life styles and perspectives on the quality of dwellings in the last 1.5 years, as a result of pandemic. For them the most important aspects are peace and quiet, exterior green area and air quality, according to a study ordered by Impact Developer and Contractor.   The study shows that in the last one and a half year, 47% of people living in Bucharest ...

Real estate market affected by inflation and explosive construction costs in 2020

Tuesday, October 19, 2021

The real estate market is affected by inflation and the explosion of construction costs in 2020, says Matei Malos, CEO Directimo, a site for the purchase of new houses.  Malos estimates the development of a new segment, correlated with the western market, smart economy houses, efficient from the perspective of using space and improved from the architectural point of view.    Directimo, the ...

Value of deals with real estate projects in Romania shrinks by 29% in 2021

Tuesday, October 19, 2021

  The value of investments with real estate projects in Romania contracted by 29% to EUR 570 mln in January-September, compared to the same period last year, according to consultancy firm JLL.   The prices, measured by the prime yields, have, on the other hand, increased driven by regional trends and the robust demand for quality ...

Campeador contracts a financing of EUR 4.5 million from CEC Bank for a residential project in Timisoara

Tuesday, October 19, 2021

Campeador Group, one of the most important real estate developers in western Romania, contracted a financing of EUR 4.5 million from CEC Bank. PCF Investments Banking was the exclusive consultant of Campeador in structuring, negotiating and implementing the financing, this being the third financing obtained by PCF for Campeador.   The current credit will be used for developing Campeador City, one of the most important ...

Cars: New car registrations dropped by 23.1% in EU in September

Tuesday, October 19, 2021

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Registrations of new cars in EU dropped by 23.1% in September, compared to the same period of 2020, reaching 718,598 units, the lowest level reached since 1995, because of the lack of chips. In Romania, the decline was 17.8% to 8.942 cars, according to data released by ACEA – European Automobile Manufacturers' Association.   All important markets contracted in September, the most important drops ...

Trade of motor vehicles, motorcycles in Romania advances 31.1pct, Jan.-Aug. 2021

Tuesday, October 19, 2021

Trade of motor vehicles and motorcycles in Romania in the first eight months of 2021 increased unadjusted by 31.1%, y-o-y, while market services provided to the population increased by 38.8%, unadjusted, according to the data published on Friday by the National Institute of Statistics (INS).When adjusted for business days and seasonality, the market services provided to the population were up 33.5% y-o-y.The volume of August 2021 wholesale and ...

Agriculture: European Commission took irrigations out of NPRR as Romania did not prove they do not affect environment

Tuesday, October 12, 2021

The European Commission asked Romania to eliminate irrigation projects from the National Plan for Recovery and Resilience (NPRR) because Bucharest authorities could not show proof that the projects did not affect the environment, more exactly natural waters that feed irrigation systems, a high EU official declared in Brussels.   He showed that because Romanian authorities asked for a high amount of money ...

Romania's deficit in farm produce: 1.27 billion euros in first semester 

Tuesday, October 12, 2021

Romania's deficit in the foodstuff trade grew by 31% in the first semester, compared to the same period of 2020, exceeding 1.27 billion euros, according to data supplied by the Ministry of Agriculture and Rural Development (MADR).   In the first 6 months of 2020, the deficit recorded in the foodstuff trade was 971.88 million ...

Vineyard area for wine was 180,682 ha in 2020

Tuesday, October 12, 2021

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The total area where vine for wine was grown in 2020 was 180,682.96 ha, according to data published by the National Statistics Institute (INS).   “In 2020, the area where vine for wine grapes was grown was 180,682.96 ha. The area with grapes for noble wines represents 93.6% of the total area grown. The south-eastern area held 41.6% of the total area where vine was grown in the same year,” INS ...

Romania imports meat, offal worth 414.7 million EUR in H1 2021

Tuesday, October 12, 2021

Romania has imported meat and offal worth 414.7 million Euro during the first semester of this year, dropping by over 7% from the similar period of 2020, according to the trade balance of agri-food products.During the first semester of last year, the value of imports of such items placed at 446.59 million Euro.On the other hand, the export value of meat and assorted offal during the period of January - June 2021 reached 113.25 million Euro, ...

Cars: About 12,000 electric, hybrid vehicles to qualify for car scrappage funding

Tuesday, October 12, 2021

The number of electric and hybrid vehicles which purchase will be funded this year under the Scrap Plus car scrappage programme is estimated at 12,000, against 3,550 in 2020, according to data unveiled on Thursday by Deputy Chairman of the Environmental Fund Administration (AFM) Ion Vasile at the opening conference of the Bucharest Motor Show (SAB) & Accessories 2021 at Romexpo."The Ministry of the Environment, through the Administration of the Environmental ...

New car registrations in Romania up by 4.3 pct, green vehicles 12 pct market share, at nine months

Tuesday, October 12, 2021

New car registrations in Romania increased by 4.3% in the first nine months of the current year, compared to the same period in 2020, and electric, plug-in hybrids and full hybrid vehicles have reached a market share of 12 pct, according to the data of the Driving Permits and Vehicle Registration Regime Department (DRPCIV), cited by the Association of Car Makers and Importers (APIA).Depending on the type of fuel of cars registered, after the first nine months of ...

Sales of new and used cars in Romania shrink in September

Tuesday, October 12, 2021

New car registrations in Romania decreased in September 2021 by 17.8% compared to the same month of 2021, to 8,942 units, according to the Association of Romanian Car Manufacturers (ACAROM).   For the first nine months, the new sales edged up by 4.3% YoY to 88,262 units, reporting an increase that is still modest considering the special circumstances last ...

Trade: The number of online orders in the first nine months increased by 54% compared to the previous year

Tuesday, October 12, 2021

Entrepreneurs who have relied on eCommerce have had the most to win in the last 18 months, because of changes in the consumption behaviour of Romanians. Thus, the number of orders between January and September 2021 increased by 54% compared to the previous year, while the value of placed orders increased by 76% YOY, according to MerchantPro, the platform that offers SaaS solutions for ...

Real Estate: C&W Echinox will manage Scallier's commercial parks in Romania

Tuesday, October 12, 2021

Cushman & Wakefield Echinox will manage two Funshop Park projects developed in Ro?iorii de Vede and Foc?ani by the Polish company Scallier.   The first retail park built by Scallier locally was opened last month in Ro?iorii de Vede. A second one, in Foc?ani, is to be opened next month.   Until the end of next year, Scallier aims to open ...

CTP pays EUR 80-85 mln for three Romanian logistics parks

Tuesday, October 12, 2021

CTP, the largest local developer and investor in logistics and industrial parks, took over the Helios Phoenix portfolio in Olympian Parks from the Greek company Helios Phoenix. According ...

Infrastructure: Wizz Air adds route connecting Bucharest and Jordan’s Aqaba

Tuesday, October 12, 2021

Low-cost carrier Wizz Air is scheduled to fly from Bucharest to Aqaba, Jordan, starting December 15.   Two flights will be operated weekly, on Wednesdays and Saturdays. “We are constantly looking to expand the network of routes we operate from airports in Romania to diverse destinations in Europe and not only,” Paulina Gosk, corporate communications manager ...

Tourism : Number of tourist arrivals, overnight stays in accommodation units in Romania almost doubled in 8 months

Tuesday, October 5, 2021

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- Compared to the corresponding month of the previous year, the arrivals in the establishments of tourists’ reception with functions of tourists’ accommodation increased by 32.9%, while the overnight stays increased by 30.3% in August 2021. - Compared to August 2020, in August 2021 customs registered an increase in the arrivals of foreign visitors of 115.1% and an increase of 71.9% in the departures abroad of ...

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