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Economic

Agricultura: Statistics: Grain exports worth almost one billion euros in first four months of 2020

Tuesday, July 28, 2020

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Romania exported, in the first four months of 2020, cereals in the amount of 988.7 million euros, by 38.8% more compared to the similar period of the previous year, according to data centralized by the National Institute of Statistics (INS).On the other hand, cereal imports amounted to 236.8 million euros (plus 48.3%), resulting in a surplus of almost 752 million euros.Exports of wheat and meslin totaled 395.834 million euros, representing 40% of total ...

Romania to export some 3 mln tonnes of wheat despite weak crop

Tuesday, July 28, 2020

Romania will still export some 3 million tonnes of wheat in the coming agricultural year despite a sharp plunge in the crop caused by adverse weather, agriculture minister Adrian Oros estimates, ...

Production value of agricultural branch decreases 3.8% in 2019

Tuesday, July 28, 2020

The production value of the agricultural branch decreased in 2019 by 3.8% compared to the previous year, to 89.997 billion lei, according to the data published on Friday by the National Institute of Statistics (INS).Vegetable production decreased by 5.6% to 62.967 billion lei, animal production went down by 0.7% and reached 25.223 billion lei, while agricultural services increased by 29.8% to 1.793 billion lei.Last year, the structure of production ...

Healthcare: Ministry of development: the European Commission approved financing for the Craiova Regional Hospital

Tuesday, July 28, 2020

The ministry of development said on Friday that the representatives of t he European Commission approved the financing for the regional Craiova Hospital, after the regional hospitals in Iasi and Cluj The total value of the project ‘ The construction and equipment for the regional emergency hospital in the South-West region’ selected through the Regional Operational Programme (POR) 2014-2020 (Priority Axis 14 ‘ Creation of ...

Eurostat: Hospitals in Romania rank last in EU in terms of number of CT scanners available

Tuesday, July 28, 2020

Romania had the lowest number of CT scanners per 100,000 inhabitants (0.8), in 2018, followed by France (1.2), Poland, the Netherlands and Slovenia (1.4 each), according to data published by the European Statistical Office Eurostat on Friday.In 2018, among the Member States, the availability in hospitals of computer tomography (CT) scanners relative to the number of inhabitants was the highest in Denmark (with 4.0 CT scanners per 100,000 inhabitants) and Cyprus ...

Real Estate: Construction market in Romania to reach 90 billion lei in 2020

Tuesday, July 28, 2020

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The business figure of the local construction market will reach about 90 billion lei this year, compared to 89 billion lei in 2019, an analysis released by KeysFin on Wednesday shows. According to the source, in 2018, the business figure of the local construction market  (building construction, civil engineering and special construction works) was 84.4 billion lei. “From our point of view the construction market in ...

Almost 90% of tenants paid their obligations on time to the office buildings owners in the first half of the year

Tuesday, July 28, 2020

Most tenants complied on time with their contractual obligations to owners of the office buildings managed by Colliers International in the first half of this year, even though in some cases the rented spaces remained unoccupied for some time, due to the state of emergency. Thus, the share of tenants who paid their debts on time remained constant, on average, compared to the same period from 2019, of almost 90%, despite the effects of the pandemic on their activity, according ...

Deloitte Study: New housing has become more expensive in most European countries in 2019

Tuesday, July 28, 2020

New housing has become more expensive in most European countries over the last years, including 2019. Among 23 countries participating in Deloitte Property Index Study, 20 showed growth in prices of ...

Modern retail space stock to exceed 4 million sq meters in Romania, at end of 2020

Tuesday, July 28, 2020

The modern retail stock in Romania, formed of commercial centers, retail parks and commercial galleries with a rentable surface area of minimum 5,000 square meters, will exceed 4 million square meters, until the end of this year, shows the data of the Bucharest Retail Market and Retail Regional Cities' report, drawn up by Cushman & Wakefield Echinox.Presently, this real estate stock has reached the level of 3.96 million square meters.According to ...

"New House" program to provide two categories of loans for new homes

Tuesday, July 28, 2020

The "New House" program will provide two categories of loans for new homes, respectively loans of up to 140,000 euros for which a down payment of 15% is charged and a state guarantee of 60% is granted, and 70,000 euros, with a down payment of 5% and a state guarantee of 50%, states the National Credit Guarantee Fund for Small and Medium-Sized Enterprises (FNGCIMM SA-IFN).According to the quoted source, the down payment of 15% and the guarantee of 60% apply only to ...

Infrastructure: Necessary investments in transport sector is 73 billion euros in next ten years

Tuesday, July 28, 2020

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Investments needed in the transport sector in Romania amount to 73 billion euros over 2020-2030, said  Lucian Bode, the minister of transports, infrastructure and communications. At a press conference he presented the investment plan for the development of transport infrastructure for 2020-2030, as part of the the government's Economic Relaunch Plan. “Our strategy is based on two pillars: massive investments – we need investments of 73 ...

Trade: EY: Romanian consumers attentive to quality, preferring local products and online purchases

Tuesday, July 28, 2020

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Covid 19 crisis has modified preference of Romanian consumers, who became more careful to quality and preferred local products and those purchased online, according to the  EY Romania study “Romanian consumer behavior in context of Covid 19”. Health and effects of health crisis on financial situation are the main elements that worry over 64% of Romanian consumers at present, a press release shows. Preoccupations ...

Tourism : Eurostat: More than half of Romanians cannot afford a one-week holiday per year

Tuesday, July 21, 2020

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Almost a third (29%) of residents of EU Member States aged 16 or over were unable to afford paying for an annual one-week holiday away from home. Among EU Member States, Romania recorded the highest share of individuals in this situation, with the majority of Romanians (54%) being unable to afford a one-week annual holiday in 2019, according to data published on Monday by the European Statistical Office (Eurostat).This share has gradually decreased since 2010, ...

Activities of travel agencies and tour operators decreased by 43.5% in first 5 months of year

Tuesday, July 21, 2020

The activities of travel agencies and tour operators decreased by 43.5% in the first 5 months of the year, compared to the similar period of 2019, which recorded the largest decline in the category of market services provided to the population, according to the data of the National Institute of Statistics (INS).Moreover, the activity in the sector of gambling and other recreational activities decreased by 39.3% during the mentioned period, and the activities of ...

Real Estate: Iulius Company launches new retail concept in Romania

Tuesday, July 21, 2020

Iulius Company, one of the biggest real estate developers in Romania, controlled by local investor Iulian Dascalu, announced the launching of a new retail concept in Romania: Family Market. The first project of this type is proposed for Miroslava commune in Iasi county, in eastern Romania, and entails an investment of over EUR 6 million. Family Market is a small-scale format that integrates a supermarket and a customized mix of services, as well as ...

EBRD supports development of sustainable industrial real estate in Romania

Tuesday, July 21, 2020

EBRD providing €150 million loan to WDP in Romania Funds to support WDP’s green growth plans and enhance the country’s logistic infrastructure New training programmes to promote youth inclusion The industrial real estate sector ...

House prices in Romania, 23% below 2007 peak level

Tuesday, July 21, 2020

Romania posted the second-sharpest decrease in house prices in the EU, in the first quarter (Q1) of this year, compared to Q1 2007: 23.6%, after Greece (-35.6%) and before Ireland (-17.5 %), according to Eurostat. Meanwhile, rents increased by 55% in Romania in the same period, more than twice the average increase in the EU. A significant consequence is the higher yield derived by investors who rent their properties in 2020, ...

Demand on Bucharest’s office market, down 45% in H1

Tuesday, July 21, 2020

The coronavirus pandemic affected the Bucharest office market as well, the demand on this segment decreasing by 45% year-on-year in the first half of 2020, according to an analysis by the real estate consulting company Avison Young, quoted ...

Infrastructure : EUR 118 mln, for transport infrastructure projects

Tuesday, July 21, 2020

Romania will receive EUR 118 million from the European Union for ten key transport infrastructure projects, the European Commission said in ...

2020 could see restart infrastructure projects despite pandemic

Tuesday, July 21, 2020

Romania has an historic problem in managing infrastructure projects, with long delays in signing contracts and difficulties in managing their implementation, business-review.eu reads. But 2020 could be a turning point: a high number of contracts for motorways and express roads have already been signed, and state company CNAIR is preparing more major contracts for this year. If these projects are implemented, the next decade could forever change the way ...

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