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Economic

Infrastructure: Sea goods transport on the drop by 9.6% in first 9 months of 2020

Tuesday, January 12, 2021

The sea transport of goods recorded, in the first 9 months of 2020, a 9.6% drop, compared to the same period of 2019, loaded and unloaded goods in ports where sea going ships operate totaling 35,195 million tons, according to data centralized by the National Statistics Institute.In the case of unloaded goods, the drop was only 13.15, while for loaded goods it was 6%.   Ports with the most intense ...

Agriculture: Romania exported livestock of over 302 million euros, over January- September 2020

Tuesday, January 12, 2021

Romania exported livestock of 302.21 million euros in the first 9 months of 2020, on the drop by 6.4% against the same period of the previous year, when incomes exceeded 332.85 million euros, according to the commercial balance sheet for foodstuff supplied by the Ministry of Agriculture and rural Development (MADR).   The quantity exported to EU and non EU countries was 139,603 tons in the first 9 months ...

Romania's oleaginous production on the drop by 42% due to drought

Tuesday, January 12, 2021

Romania's   oleaginous production – sunflower, rape and soy – obtained in 2020 totaled  2.78 million tons. Extreme drought affected extensive farming areas in the country reducing the crop by 42% compared to 2019, according to data supplied by the Ministry of Agriculture and rural Development (MADR).Yield also registered a drop of a ton and a half, from 2,662 kg/ha in 2019 to 1,065 kg/ha in ...

Potato production in 2020, slightly over 2 million tons

Tuesday, January 12, 2021

The potato production obtained in 2020 slightly went past 2 million tons, but registered a drop from the previous year, by almost 21%, when it had a total of 2.62 million tons, according to the data provided by the Ministry of Agriculture and Rural Development (MADR),The yield per hectare registered a recoil of almost 3 tons, from 15,44 tons in 2019, to 12,56 tons in 2020, and the area of cultivation went by 4,394 hectares.According to the data from ...

Telecom.IT: Eight out of ten households in Romania had home internet network in 2020

Tuesday, January 12, 2021

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Over three quarters of the total number of households in Romania (78.2%) had access, in 2020, to the home internet network, more by 2.5 percentage points compared to the previous year, according to data published on Friday by the National Institute of Statistics (INS).In this growth margin, the proportion of people aged 16 to 74 who have ever used the Internet was 85.9%, by 3.6 percentage points more than in 2019.According to the same source, out ...

Real Estate: Apartment prices in Romania return to pre-crisis level

Tuesday, January 12, 2021

Apartment prices in Romania resumed their upward trend in the second part of 2020 and ended the year with a 2.2% advance compared to the end of 2019. The evolution reflects the prices asked by the sellers on the specialized marketplace Imobiliare.ro and not actual transactions.   Given the methodology, based on the average price of apartments irrespective of their location within an urban area, the increase is rather within ...

Govt. keeps VAT rate unchanged for more expensive homes

Tuesday, January 12, 2021

Government postponed by one year increasing the threshold for the preferential 5% VAT rate applied at the sale of new apartments and houses, Ziarul ...

E-commerce boosts local industrial and logistics market

Tuesday, January 12, 2021

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2020 is going to be remembered not just as the year of the pandemic, but also the year when e-commerce crossed the chasm from niche to mainstream, the industrial and logistics segment seems to be the star of the real estate segment right now.   The pandemic has placed the industrial and logistics segment into the spotlight, as it was among the business sectors that were generally less affected in the short-term and were ...

Increase by almost 38 pct of number of transactions with storage spaces in Romania, in 2020

Tuesday, January 12, 2021

Last year, the Romanian real estate agencies traded over 650,000 square meters of storage space, at national level, up by almost 38% compared to the 2019 data, reveals a specialist analysis, conducted by a real estate broker.According to the Dunwell study, published on Monday, in 2019 the area of industrial sites traded was 475,000 square meters.The industries with the highest shares of leased areas registered in 2020 were: FMCG - with 38% of the ...

Trade : Romanian e-commerce market grew by a third in 2020

Tuesday, January 12, 2021

Fears surrounding the COVID-19 pandemic have led to numerous government-mandated travel restrictions and non-essential business shutdowns. As a result, consumer spending underwent major channel shifts, with the digital channel turning into the default for many customers, giving way to what will likely be a permanent boost to e-commerce.   Comparing the results of two consumer surveys conducted by Euromonitor International ...

Tourism : Number of arrivals, overnight stays in tourist accommodation units in Romania, down to half in 11 months of 2020

Tuesday, January 12, 2021

- Compared to the corresponding month of the previous year, the arrivals in the establishments of tourists’ reception with functions of tourists’ accommodation decreased by 62.5%, while the overnight stays decreased by 64.7% in November 2020. - Compared to November 2019, in November 2020 customs registered a decrease in the arrivals of foreign visitors of 67.6% and a decrease of 68.2% in the departures abroad ...

Cars: Registration of new vehicles drops by 22% last year

Tuesday, January 12, 2021

Registration of new vehicle has gone down by 21.8% in 2020, as opposed to the previous year, according to the data published on Monday by the Association of Producers and Importers of Automobiles (APIA), which took the information from the General Directorate for Driving Licenses and Car Registration (DRPCIV).Thus, in 2020 there were 126,351 new cars registered, as opposed to the 161.562 vehicles in 2019.Regarding second-hand automobiles, last ...

Trade: Romania recorded 21% higher deficit  for foodstuff trade in first 9 months of 2020

Tuesday, January 5, 2021

Romania recorded a deficit of 1.24 billion euros for the foodstuff trade  in the first 9 months of the year, on the rise by 21% compared to the same period of 2019, according to the Ministry of Agriculture and Rural Development - MADR data. Exports grew by 3%, amounting to 5.21 billion euros, but import advance was 6%, to ...

Study: About 26% Romanians eat 2-3 times more fish than 5 years ago

Tuesday, January 5, 2021

The Romanians' interest in fish meat and fish derivatives increased in the last 5 years, and 25% eat more at present, according to a market study made in November by Reveal Marketing Research in partnership with Alfredo Seafood company, an importer and distributor of fish and seafood products, according to which only 5% of Romanians eat only fish and no other type of meat. The study was made on a sample of 1,015 persons aged over 18, ...

Online commerce in 2021 to be developed

Tuesday, January 5, 2021

Optimized Agency presents the balance of e-commerce trends noted in 2020 that will stabilize and develop in 2021. Regardless of this year’s events two important announcements that will define shopping in the coming years were released: WhatsApp and Instagram have been updated with the tools needed for both retailers and consumers to facilitate purchases directly from the app.  The most important event in 2020 was the medical crisis ...

Romanians' spending on alcohol has seen the largest increase in the EU in the last decade

Tuesday, January 5, 2021

In 2019, households in the EU spent €117 billion (equivalent to 0.8% of EU GDP) on ‘alcoholic beverages’. This represents ...

Romanian households spend twice as much on food as the EU average

Tuesday, January 5, 2021

In 2019, households in the EU spent over €956 bn (equivalent to 6.8% of EU GDP) on 'food and non-alcoholic beverages'. This represents ...

Tourism: “Transylvania Gates”cultural – tourist route officially acknowledged by Economy Ministry

Tuesday, January 5, 2021

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“Transylvania Gates”cultural – tourist route is the latest tourist product developed at national level, acknowledged by the Ministry of Economy, Energy and Business. The route promotes three destinations and their surroundings: Brasov, Sibiu and Bistrita. The three cities, dating since the Middle Ages, enjoyed social-economic advantages offered by their location in the vicinity of passages to the Romanian ...

Holiday vouchers of 1,450 lei to be granted to public-sector employees in 2021

Tuesday, January 5, 2021

Prime Minister Florin Citu announced on Wednesday that in 2021 holiday vouchers in the amount of 1,450 lei will be granted to public-sector employees, this measure being included in the emergency ordinance on fiscal measures initiated by the Ministry of Finance."In this ordinance, which is a very large ordinance, I mention the granting of holiday vouchers in 2021, in the amount of 1,450 lei. I told you from the first moment that for us the HoReCa sector is ...

Agriculture: Wine market in Romania will drop by 5.5% in 2020 to 1.7 billion lei

Tuesday, January 5, 2021

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The business figure recorded by the wine market in Romania in 2020 will be about 1.7 billion lei, on the drop by 5.5% compared to the result reported in 2019, according to an analysis made by KeysFin.   At 2019 level, the local wine market was about 1.8 billion lei, on the drop by 11.4% compared to the previous year.   According to a ...

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