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Economic

Tourism: EC to support Romanian companies active in tourism, accommodation and food services, affected by the pandemic

Tuesday, April 20, 2021

  The European Commission has approved a Romanian aid scheme, worth EUR 500 million, meant to support the companies operating in the tourism and HoReCa industries, as well as the travel agencies affected by the coronavirus pandemic, Romania’s Representation to the European Commission informed.   The public support, under direct subsidies, will cover up to 20% of the revenue losses (or, ...

 The holidays destinations for spring and summer the Romanians prefer are Spain, Italy, the Arab Emirates, Turkey and Greece

Tuesday, April 20, 2021

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The list of the most popular destinations for spring and summer include Spain, Italy, the Arab Emirates, Turkey and Greece, after the exotic destinations at the beginning of the year such as Zanzibar, Mexico, the Dominican Republic and Cuba, show the data of the tour operator eSky.ro.    ‘The most popular destination this year is  Spain, especially Madrid, Barcelona and Malaga – the interest for these ...

Agriculture: Romania, the sixth in the EU for wheat production obtained last year

Tuesday, April 20, 2021

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Romania occupied the sixth place in the EU as regards wheat production obtained last year, with a total of 6.41 million tons, the production of 2020 being smaller by 3.88 million tons (37.7%) against 2019 due to the extreme drought, according to the temporary data published by the National Institute for Statistics (INS).Thus, in the EU top regarding the wheat production, France reported last year the biggest production, of 30.073 million tons, followed by Germany ...

Trade: 36% of Romanians declare they are more appreciative of a brand that has online sponsored ads

Tuesday, April 20, 2021

A study by Reveal Marketing Research on Romanians’ perception regarding advertising on social media: Of all the social networks, Facebook is in the first place in Romanians’ preferences (92%) with an average time spent online of 2.3 hours / day. 46% of respondents say they feel indifferent regarding sponsored ...

Cars: Trade in motor vehicles in Romania advances Jan.-Feb. 2021

Tuesday, April 20, 2021

Trade in motor vehicles and motorcycles in Romania increased by 8.5% in volume unadjusted in the first two months of 2021 y-o-y while market services provided to the population decreased in volume unadjusted by 29.7%, according to data published on Thursday by the National Institute of Statistics (INS).Wholesale and retail trade, maintenance and repair of motor vehicles and motorcycles increased in volume by 9.4% when adjusted for work days and ...

Drop by 25.8% of car registrations in Romania, after the first three months

Tuesday, April 20, 2021

Car registrations in Romania dropped by 25.8% in the first three months of this year as compared to the similar period of last year, according to a press release of the Association of Producers and Importers of Vehicles (APIA).‘After the four last months of 2020 when we had important growth of registration, 2021 started with a significant drop in January (-46.6%), February (-18.8%) being in a way, compensated by the growth of 19.4% of March. On a European ...

Healthcare: Provita Group announces to build 100-bed hospital in Bucharest's Pipera area

Tuesday, April 20, 2021

The Provita Group announced that it will put in use a new cross-disciplinary hospital next year, worth 12 million Euro, which will be built in the northern Pipera area of Bucharest, according to a press release sent by the company on Monday.The hospital will contain the only oncology center ...

Telecom. IT: Internet traffic over landline networks in Romania surges 51% in 2020, up 30% over mobile networks

Tuesday, April 20, 2021

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Internet traffic over landline networks in Romania surged by over 51% in 2020 from the year before, internet traffic over mobile networks jumped by 30%, according to preliminary data released on Thursday at the 25th edition of the Communications Day event, by Eduard Lovin, deputy chairman of the National Communications Administration and Regulation Authority (ANCOM)."Preliminary figures for the end of 2020 show that internet traffic over landline networks in ...

Agriculture : In 2020, ecological agriculture covered 472,000 hectares

Tuesday, April 13, 2021

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  The total area covered by ecological agriculture grew by 19.4% in 2020 compared to the previous year, reaching 471,928 ha, while the area ecologically certified went up by 28%, to 270,656 ha in 2020, according to data released by the Ministry of Agriculture and Rural Development (MADR). Farmers can access funds of 77 million euros this year for ecological agriculture.   MADR representatives ...

Romania ranks 6th in potato production, 4th in cultivated area in EU, in 2020

Tuesday, April 13, 2021

 Romania had a potato production of 2.68 million tonnes last year, ranking 6th in the European Union, Germany ranking first with 11.55 million tonnes, according to provisional data issued by the National Institute of Statistics (INS).France followed Germany, with 8.73 million tonnes, being followed by the Netherlands - 7.09 million tonnes, Poland - 6.48 million tonnes and Belgium, with 4.1 million tonnes.By cultivated area, Romania ranked 4th with ...

Real Estate: Eurostat: Romania, among the EU countries where house prices have risen, in the fourth quarter of 2020

Tuesday, April 13, 2021

Between 2010 and the second quarter of 2011, house prices and rents in the EU followed similar paths. Since the second quarter of 2011, they have followed very different paths: while rents increased steadily throughout the period up to the fourth quarter of 2020, house prices have fluctuated significantly.   After a sharp decline between the second quarter of 2011 and the first quarter of 2013, house ...

The pandemic highlighted the critical role of a building in managing people’s health, safety, and well-being

Tuesday, April 13, 2021

Project developers and owners are becoming more concerned about safety and sustainability, in the context of the atypical past year that has shifted perceptions and plans for the future. In the past six months, 14 projects have registered for WELL Health-Safety Rating certification. At the same time, 77 new projects became BREEAM and LEED certified in 2020. Overall, this takes the number of such health, safety, and sustainable-certified projects in Romania to over 230, shows ...

JLL: The vacancy rate for office space will increase

Tuesday, April 13, 2021

The office spaces for sublease in Bucharest put pressure on the traditional market not only because they represent supplementary supply (and a significant amount), but also because the short-term and the flexibility offered under the sublease contracts are appealing for small tenants that find such offers as ideal, according to a report of the real estate consultancy firm JLL.   According to JLL data, at this moment, the ...

62,891 properties traded nationwide this March, by 12,744 more than in February

Tuesday, April 13, 2021

As many as 62,891 properties traded hands in Romania this March, by 12,744 more than in February, the National Cadastre and Real Estate Advertising Agency (ANCPI) informs on Wednesday.The number of houses, land parcels and apartments that changed hands in March is by 14,512 higher than in the year-ago period.Topping the ranking by the number of building sales this March are Bucharest - 10,958, Ilfov - 4,306 and Cluj - 3,917, while the counties with ...

Trade: Beer market, stable in 2020, growth by 0.5 pct in volume, to 16.75 million hectoliters

Tuesday, April 13, 2021

The beer market remained stable in 2020, registering an increase of 0.5% in volume, to 16.75 million hectoliters, according to the annual report of the Romanian Brewers Association.The share of the HORECA sector in beer sales has halved, from 15% in 2019 to 8% in 2020."2020 was a year with many challenges for society and for the beer market in Romania. The restrictions imposed due to the situation generated by the coronavirus strongly affected the ...

Report: The explosive growth of ECommerce has created a new type of consumer

Tuesday, April 13, 2021

Central and Eastern Europe and its openness to technology might be a driving motor of the continent’s online trade, as the region’s eCommerce market has noted a growth above the world’s average. But simply starting an e-store is not enough for businesses to grow in the online sphere. A new generation of e-consumers is emerging and the approach towards them might define the businesses’ “to be or not to be”. The ...

Infrastructure: Average goods train speed grew by 43% in 2020; passenger train speed went down by 0.6%

Tuesday, April 13, 2021

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The average commercial speed of goods trains (km/h) grew last year by 42.9%, while the speed of passenger trains dropped by 0.6%, according to data centralized by the National Statistics Institute.   The distance covered daily by goods trains (km/zi) went up by 6.1% and the gross average weight of goods trains (tons/train) went up by ...

Tourism: About half of Romanians intend to go on holidays this year (study)

Tuesday, April 13, 2021

About half of Romanians (43%) intend to travel this year, and the favorite holiday destination remains Europe, according to a Mercury Research Study, quoted by an online travel agency.   According to data analysed, 29% of respondents say they are still undecided whether they will travel or not and only 27% declare they will not travel this year. On the other hand, more than half (53%) intend to resume ...

79% of hotel owners invested in their properties during pandemic

Tuesday, April 13, 2021

79% of hotel owners present on Travelminit.ro hotel booking website say they made investments in their properties during the pandemic, while 19% dropped prices by 5-10% compared to last year and 21% of respondents increased prices by 5-10%. 23% of hotel owners have already received the first bookings for Easter, while 19% confirm their hotels are occupied during Easter holidays. At the same time, 37% have made the first reservations ...

Infrastructure: Transport Ministry: TAROM could return to making profit in 2024-2025

Tuesday, April 6, 2021

   TAROM could start making a profit again, according to the restructuring plan, in 2024-2025, Minister of Transport Catalin Drula informed."TAROM got a state aid last year, which it was supposed to return, only it is not possible for the company to do so, since returning the aid would mean bankruptcy, or we could make it into a restructuring aid. We are working hard on a restructuring plan. The plan implies the uniformization of the fleet, which will be a little bit ...

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