Loading page...

Romanian Business News - ACTMedia :: Services|About us|Contact|RSS RSS

Subscribe|Login

Economic

Telecom. IT: Almost half of the households in Romania have high-speed internet connections

Tuesday, June 2, 2020

Some 5.3 million households in Romania had fixed internet connections at the end of 2019, up 4% compared to 2018. Of these, 3.9 million (74%) were high-speed connections that allowed download speeds of over 100 Mbps. Thus, the national fixed internet penetration rate reached 64% at the end of 2019, according to data released by the telecom market regulator – ANCOM. In cities, 75% of the households had fixed internet connections while, in rural ...

Agriculture: MADR: Romania allocates 20.5 billion euros for next 7 years

Tuesday, June 2, 2020

Romania has allocated 20.5 billion euros both for direct payments and for investments in farms, an opportunity to fundamentally change agriculture in the next 7 tears and do away with a commercial deficit of 1.23 billion euros, said Emil Dumitru, secretary of state in the Ministry of Agriculture and Rural Development (MADR). “We produce raw materials, we export cereals and import products with high added value and I would concentrate on two ...

Law on tax exemption in case of the use of groundwater for irrigation, promulgated by president Iohannis

Tuesday, June 2, 2020

President Klaus Iohannis promulgated the law to supplement Art. 9 of the Water Law 107/1996, which provides that the use of groundwater for irrigation shall be exempted from the specific fee for the state of emergency period and for another six months.The Chamber of Deputies adopted on 6 May, as a decision-making body, the piece of legislation providing that, during the state of emergency and for another six months after its end, users of groundwater for ...

Romania reports 263 African swine fever outbreaks, 11 ocurred in the last week

Tuesday, June 2, 2020

The number of African swine fever (ASF) outbreaks in Romania dropped this week to 263 from 278 in the week before, although 11 new outbreaks were confirmed between May 21 - 27, 2020, according to data released on Friday by the National Veterinary and Food Safety Authority (ANSVSA).As of May 29, Romania had 141 localities in 23 counties with ASF activity in 263 outbreaks, some of which in commercial holdings. In 17 other counties there were only wild boar ...

Forest area increases by over 9,000 hectares in 2019 against 2018

Tuesday, June 2, 2020

In 2019, the area of forests stood at 6,427,340 hectares, up 9,127 hectares compared to the previous year, according to a release published by the National Institute of Statistics (INS) on Friday.At the end of 2019, the area of the national forest fund was 6,592,230 hectares, increasing by 9,165 hectares compared to 2018. This growth is mainly due to re-planning of wooded pastures and the insertion of degraded and unfrosted lands in the forest fund, established by ...

Cars: Motorcycle registrations down 17.9% in Romania in first four months

Tuesday, June 2, 2020

The number of motorcycle registrations in Romania decreased by 17.9% in the first four months, informs on Thursday the Automotive Manufacturers and Importers Association (APIA).According to APIA data, in April 2020 the Romanian motorcycle market decreased by 62.1% compared to the same month of last year, while in March the decrease was 2.3% compared to March 2019."This result is generated by a mixed evolution in the first four months of 2020 (the ...

EU's objective: More than 2.6 billion cars to use hydrogen by 2030

Tuesday, June 2, 2020

200602103301download.jpeg

Europe is at the beginning of a transition to becoming climate-neutral, with the European Union's objective being to have more than 2.6 billion vehicles using hydrogen by 2030, Laszlo Borbely, state advisor and coordinator of the Department for Sustainable Development said."Europe is at the beginning of a transition to becoming climate-neutral, in a world that is always changing. The coronavirus pandemic did not stop the European ambitions to cut down polluting ...

Trade: Study: Household expenses for consumer goods increased in Romania by almost 14 pct in Q1

Tuesday, June 2, 2020

Household expenses for consumer goods have increased in Romania, in the first quarter of the year, by nearly 14 pct, compared to the similar period of last year, while private brands gained ground against the national brands and have reached 21 pct of total sales, the GfK Consumer Panels & Services data shows.The study monitoring buying behaviour of families in Romania emphasizes that, in the January - March 2020 interval, on the backdrop of the panic ...

Real estate: Analysis: Demand for office buildings and their renting costs might drop

Tuesday, June 2, 2020

200602103354er.jpg

Demand for office buildings and their renting costs may go down as there have been reductions of office areas as a result of implementing social distancing measures, according to an analysis of XTB Romania brokerage house which presents advantages and disadvantages of work from home versus working in offices. “For companies, the decision to make a transition from working in offices and working from home is a way of reducing costs. Besides costs ...

Cushman & Wakefield Echinox : Bucharest – the most dynamic logistics market in the region in the past 5 years

Tuesday, June 2, 2020

The stock of industrial and logistics spaces in Bucharest has doubled between 2015 and 2020, the capital of Romania being the most dynamic market in the Central and Eastern European region and a logistic regional hub throughout the analyzed period, according to the real estate consulting company Cushman & Wakefield Echinox. At the beginning of 2019, the stock of logistic spaces surrounding the Capital has exceeded the 2 million square meters ...

Infrastructure: Transport Ministry: Now we have 164 km of open building sites for highways and express roads

Tuesday, June 2, 2020

Big investment projects in infrastructure have been accelerated and there are now 164 km of building sites opened for highways and national roads, said Lucian Bode, the minister of transports, infrastructure and communications. “Building sites did not stop, big investment projects in infrastructure have been accelerated. Now we have 164 km of building sites opened for highways and express roads. Of them, about 70 km are sites opened in the first ...

Report: Average speed on railway infrastructure in Romania is 68.86 km/h

Tuesday, June 2, 2020

The average speed that can be used on the railway infrastructure in Romania is 68.86 km/h and there were 1,236 speed restrictions on 1,335 km on August 30, 2019, according to the report made by the Prime Minister's Control Corps with CFR SA. The conclusions of the report show that, based on the data supplied by company representatives  elements of public railway infrastructure elements should be renewed in proportions between 35% and 92%. ...

Construction contract for Targu Mures- Ungheni and Connection Road section signed by CNAIR and Strabag

Tuesday, June 2, 2020

200602103505autostrada_47419700.jpg

CNAIR signed on Friday with Strabag SRL the contract for “Construction of highway section Targu Mures- Ungheni and Connection Road”, as part of Brasov-Targu Mures- Cluj -Oradea Highway. According to a CNAIR press release, the contract value is of 192.06 million lei and it will be financed from European funds.  The contract includes the execution of works for 9,2 km (Targu Mures-Ungheni 4.5 km and connection road ...

Agriculture: Reuters: Drought-hit Romanian wheat crop should still meet Egypt tenders

Tuesday, May 26, 2020

Romania, the second largest grain seller among European Union states, is along with France and Russia a major exporter of cereals to the Middle East, with Egypt the main buyer. “It’s a double hit. We witness a very bad year for wheat, situation resembles 2002 when plants froze in the winter in the absence of snow cover and then in the spring no rains occurred at all,” Romania’s former agriculture minister Petre Daea said, quoted ...

Romania, advantages in ecological field, but agri-food model seems to evolve contrary to European one

Tuesday, May 26, 2020

Romania has important advantages in the ecological field, but the country's performance continues to be modest, and the Romanian agri-food model seems to evolve contrary to the European one, which is increasingly based on the organic area, considers Costin Lianu, the president of an inter-professional association for ecological agri-food products, as quoted in a press release of USH Pro Business."The business environment in the field is burdened and little ...

Romania's maximum 2020 wheat production, only 5-5.5 million tonnes

Tuesday, May 26, 2020

Romania's maximum 2020 wheat production this year could reach 5-5.5 million tonnes, as against a good year's 7 to 9 million tonnes, Minister of Agriculture and Rural Development Adrian Oros said Friday."The estimates are quite approximate. There are estimates made both by farmers' associations and by some of individual farmers. Of course, comparing the areas that have been sown, and we are talking about 2.9 million hectares that in autumn were cultivated with ...

Telecom. IT : ANCOM plans to auction 5G licenses in Q4

Tuesday, May 26, 2020

2005261023055g_internet_network___shutterstock.jpg

Telecom regulator ANCOM will adopt in the third quarter of this year the documentation for the 5G tender. The institution thus estimates it will grant the licenses for the additional 5G spectrum in the fourth quarter of this year, said ANCOM vice president Eduard Lovin. "We hope that we will grant licenses for the additional 5G spectrum in the fourth quarter of this year. We thought it was safer to postpone it until the end of this year. We want all ...

Trade : H&M launches new online brands in Romania

Tuesday, May 26, 2020

Swedish fashion retailer H&M Group officially launched four new brands on the Romanian market, nine years after opening its first store in the country. The group has been present in Romania with the brands H&M and COS. The new brands launched on the market are & Other Stories, Monki, Weekday, and Arket, all of them with online ...

Infrastructure : AKTOR group accelerated works on the second segment of the Sebes-Turda highway

Tuesday, May 26, 2020

Greek construction group AKTOR announced it has significantly accelerated works on the second segment of the Sebes-Turda highway (A10) in western Romania. The group announced that the project was marking considerable progress and also released a video to show the work pace. The announcement came just a few days after prime minister Ludovic Orban visited the highway siteand asked the contractors to speed up the work so ...

Tourism: May LuggageHero survey: 70% of Europeans would still travel abroad in 2020, up 23% since last month 

Tuesday, May 26, 2020

Highlights from the May survey of COVID-19 impact on travel demand for European travelers: 20% of European respondents are waiting until 2021 to travel abroad and an extra 6% said they will wait for a vaccine before leaving the country A surprising number of 60% of those who would typically travel for business said they still expect to have at least one business trip in ...

Premium News

Daily

Wednesday, June 3, 2020

Financial & Banking

Monday, June 1, 2020

Economic

Tuesday, June 2, 2020

Companies

Wednesday, June 3, 2020

Energy & Environment

Thursday, May 28, 2020