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Tourism :  Tourist accomodation capacity down almost 17pct in Q4 2020

Tuesday, February 23, 2021

The tourist accommodation capacity meant 16,526,600 beds in the fourth quarter of 2020, by 16.9pct less than in the same period of 2019, according to data centralized by the National Institute of Statistics (INS).Hotels accounted for 58pct of the total tourist accommodation capacity, agritourism guesthouses accounted for 15.2pct, tourist hostels accounted for 12.7pct, tourist villas 4.4pct, hostels 3.6pct, motels 3.2pct, tourist chalets 1.8pct and other types of ...

Bulgaria provides most foreign tourists to Romania in 2020

Tuesday, February 23, 2021

Most of the foreign visitors who came to Romania in 2020 (96.2%) came from European countries, with the largest share made up of visitors from Bulgaria (26.2%), according to data with the National Institute of Statistics (INS) released on Friday.In fact, the top 6 places, according to the share in the total number of foreign arrivals, is occupied by countries located in Europe: Bulgaria (25.2%), Moldova (16.5%), Ukraine (13.2%), Hungary (9.6%), Turkey (7%), and ...

Cooked food and beverage market goes down, in Romania, by 29% in 2020 

Tuesday, February 23, 2021

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The annual total value of the cooked food and beverage market has gone up to 10.32 billion RON in 2020, in five of the largest cities in the country, namely Bucharest, Timisoara, Iasi, Cluj and Brasov, dropping by 29% as opposed to 2019, according to a study done by the National Foodservice Research, made by Hospitality Culture Institute.The specialty research shows that 47% of the cooked food market is currently generated by food delivery, used by 9 of the 10 ...

Szallas.hu, the largest hotel platform in Hungary merges with Travelminit.ro

Tuesday, February 23, 2021

Szallas.hu, the largest online hotel reservation platform in Hungary, merged last year with the Romanian hotel reservation platform, Travelminit.ro. The process began two years ago and was accelerated in 2020, despite the pandemic situation and general uncertainty in the global tourism industry.   The value of the transaction remains confidential, but in these ...

Real Estate: Black Sea Trade and Development Bank (BSTDB) Supports Business Infrastructure in Romania

Tuesday, February 23, 2021

The Black Sea Trade and Development Bank (BSTDB) has extended a EUR 50 million loan to One United Tower S.A. to facilitate the development of business infrastructure in Romania.   The purpose of the BSTDB loan is to finance the development costs of “One Tower”, a green office building making  part of the newly developed One Floreasca City mixed-use complex ...

EUR 1 Bln investments in 60 middle & upper real estate projects in Bucharest

Tuesday, February 23, 2021

Amid the Covid – 19 pandemic and with the amount of time spent at home having increased in the past year, together with the increase of Romanians` purchasing power, the Bucharest residential market is undergoing an effervescence period.   Developers active in Bucharest are investing a total of 1 billion euros in middle & upper class housing projects, which improve the living standards in the Capital City, ...

Trade: E-Commerce trends in Romania in 2021

Tuesday, February 23, 2021

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Romania is experiencing an accelerated digitalization process, with direct effects on traditional retail, which will migrate more and more to online commerce. After a leap counting for at least 3 years in 2020, ecommerce will continue its evolution and will register an increase of at least 15% in 2021, providing an optimistic perspective for local stores.   “At this point, the local market has ...

Romanians spend 250 ml euros a year fon vending machine coffee, beverages, snacks

Tuesday, February 23, 2021

 Romanians spend 250 million euros yearly on coffee, juice or snacks from vending machines, shows a statistical report published on Monday by a manufacturer of electronic devices."There are currently 120,000 vending machines in Romania, and in large cities 70 percent of the payments for such dispenser products are made with cash. In small towns, villages and communes, cash payments account for an overwhelming 85 percent. In times of pandemic, shifting from ...

Eurostat: Online shopping ever more popular in 2020 

Tuesday, February 23, 2021

Online shopping is continuing to grow in the European Union (EU). With high street shopping affected by the COVID-19 restrictions and changes in habits and preferences, e-commerce can be expected to grow further.   In the 12 months prior to the 2020 survey, 89% of people aged 16 to 74 in the EU had used the internet, 72% of whom had bought or ordered goods or services for private use. Online shopping ...

Infrastructure: Iasi Airport to be expanded under EUR 75 mln project

Tuesday, February 23, 2021

The Iasi County Council in eastern Romania will apply for financing from the European Union’s budget for a EUR 75 million project aimed at doubling the capacity of the Airport by 2023.   “It is going to be a completely new airport,” promised the head of the County Council, Costel ...

ACI Europe : Pessimistic prognosis for Bucharest airports traffic is of 5.5 million passengers, in 2021

Tuesday, February 23, 2021

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The average estimate of Airports Council International (ACI Europe) for Bucharest airports traffic in 2021 is somewhere around 7.5 million passengers, but the pessimistic prognosis which we do not want is of 5.5 million passengers, according to the CEO of the National Company of Bucharest Airports, Cosmin Pestesan.The two airports from the capital - Henri Coanda Otopeni and Aurel Vlaicu Baneasa - have registered last year an air traffic of over 4.46 million ...

Agriculture : Romania spends rd 64 million Euro for purchasing potatoes which could be produced locally

Tuesday, February 23, 2021

Romania spends approximately 64 million Euro per year for purchasing import potatoes, despite that they can be produced locally, declared on Thursday, the minister of Agriculture, Adrian Oros, during an online debate regarding the potato market."Today, according to the data from APIA (Agency for Payments and Intervention in Agriculture), we have a real potato cultivated surface of around 28,000 hectares, and the internal potato production covers, according ...

AgriMin Oros seeks MEPs' support for continuation of properly regulated livestock exports

Tuesday, February 23, 2021

Romania has large stocks of sheep for export, a potential it needs to capitalize upon, Minister of Agriculture and Rural Development Adrian Oros said during a meeting with Romanian MEPs, members of the Committee on Agriculture and Rural Development."Minister Adrian Oros addressed the Romanian MEPs, members of the Committee on Agriculture and Rural Development, about support for Romanian animal breeders. Live animal exports should not be banned, but their ...

Cars: First showroom for Tesla cars opened in Romania

Tuesday, February 23, 2021

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Teslounge Bucharest has announced the opening of the first independent showroom in Romania destined to Tesla vehicles. The 250-sqm showroom is the largest in southeastern ...

Trade: REVEAL MARKETING RESEARCH STUDY ON THE IMPACT OF LOVE MONTH CAMPAIGNS ON THE ROMANIAN PUBLIC

Tuesday, February 16, 2021

* More than half of Romanians (58%) believe that Valentine’s Day and Dragobete ads improve the brand image. Study by Reveal Marketing Research on the impact of campaigns during the month of love on the Romanian public   Context February is an opportunity for brands to promote their products or services with various holiday ...

Infrastructure: Henri Coanda Airport adapts its terminal infrastructure to traffic: only 52 check-in counters, 14 boarding gates

Tuesday, February 16, 2021

Henri Coanda Airport adapts its terminal infrastructure to current traffic values and will keep open only 52 check-in counters through which passengers will be processed on the Departures flow and only 14 boarding gates for international flights, the Bucharest Airports National Company (CNAB) informs on Thursday."The Covid-19 pandemic has severely affected air traffic, especially international traffic, which is currently at about 15-20% of the normal in this ...

Healthcare: KeysFin: Romania's private healthcare services market estimated at almost 15bl lei in 2020

Tuesday, February 16, 2021

Romania's private healthcare services market is estimated at almost 15 billion lei in 2020, up from about 14 billion lei in 2019, boosted by testing services and increased demand for healthcare services from the private sector, according to a KeysFin analysis."The turnover of the Romanian private healthcare services market increased by 18% from 2018 and to almost 330% above the 2010level, at nearly 14 billion lei in 2019. For 2020, KeysFin specialists are ...

Real Estate: New housing market makes spectacular recovery in last quarter of 2020 

Tuesday, February 16, 2021

The new housing market had a spectacular recovery in the last quarter of 2020, with a significant increase in trading activity between October and December, according to a press release of a company in the field.Moreover, throughout the year, both the development and the trading activity registered an advance compared to the previous year."The engine of market performance has been to transform homes into a multidimensional space. Buyers have been ...

“CEE Investment Scene Q1-Q4 2020”  report: Investments in the Romanian real estate market amounted to 900 million euros in 2020

Tuesday, February 16, 2021

The Romanian real estate investment market grew in 2020 despite the pandemic context and closed the year with a total value of investment transactions worth almost 900 million euro, which represents almost 8.5% of the total 10.4 billion euro investment volume recorded by the 6 largest countries in Eastern Europe, reveals Colliers in its latest “CEE Investment Scene Q1-Q4 2020”  report. Romania almost doubled its share in the region’s turnover over the ...

Agriculture: Romania, responsible for two thirds of EU corn exports in 2020/2021 season

Tuesday, February 16, 2021

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EU corn exports in 2020/2021 season, which started on July 1,2020, reached 1.274 million tons by January 31, 2021, according to data issued by the European Commission on Monday.   It is less than half the quantity of 2.958 million tons of corn exported in the same period of the previous season. Among member states, the biggest corn exporter is Romania by far, with 854,143 tons, that is about 67% of ...

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