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Almost 20 million cubic metres of wood logged in 2021

Tuesday, August 2, 2022

The amount of wood logged last year was 19.994 million cubic metres (gross volume) of wood, 342,000 cubic metres higher than in 2020, according to data centralised by the National Institute of Statistics.By forest species, conifers represented 40.1% of the total volume of wood logged, beech 30.8%, various hard species (acacia, sycamore maple, ash tree, walnut, etc.) 11.3%, oak 10.1% and various soft species (linden, willow, poplar, etc.) 7.7%.The wood harvested in ...

Telecom. IT: Digital Economy and Society Index 2022: overall progress but digital skills, SMEs and 5G networks lag behind

Tuesday, August 2, 2022

The European Commission published the results of the 2022 Digital Economy and Society ...

Price of 1GB of mobile data in RO, 12 times cheaper than in the US

Tuesday, August 2, 2022

The average cost of 1GB of mobile data in Romania is USD 0.45, 12.48 times cheaper than the price of 1GB of mobile data in the US in 2022 - USD 5.62, an analysis by ...

Romania sees rise in internet speed in 2021

Tuesday, August 2, 2022

Internet users in Romania benefited from faster fixed and mobile connections last year, according to statistics compiled by telecom regulator ANCOM based on tests performed on the Netograf platform.   The average download speed for fixed broadband connections increased by almost 40% in 2021 compared to 2020, up to 259.8 Mbps. Meanwhile, the average upload speed was about 60% faster, reaching 179.1 Mbps.   At the same ...

Tourism : First Marriott hotel in Romania outside Bucharest

Tuesday, August 2, 2022

A real estate developer has started to build in Arad, western Romania, the first hotel under the Marriott badge outside of Bucharest, according to the mayor of the municipality, Calin Bibart, quoted ...

Infrastructure: Baneasa Airport reopens after 9 years

Tuesday, August 2, 2022

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Bucharest Aurel Vlaicu International Airport (Baneasa) reopened on Monday, August 1, on the occasion of the 110th anniversary of its inauguration, manager of Bucharest Airports Company, George Dorobantu said.   The airport has gone through a program of modernization of airport buildings and equipment in recent ...

Wizz Air announces two new routes from Romania to Italy

Tuesday, August 2, 2022

Wizz Air has announced the addition of two new routes from Romanian airports to two destinations in Italy. Romanians can now travel from Bucharest to Ancona, on Tuesdays and Saturdays, starting December 13th. Additionally, another flight will depart from Cluj-Napoca to Perugia, every Wednesday and Sunday, starting December 14th. Seats for the new services are already available online from as low as 24.99 EUR / 119 RON.   Popular among Romanians ...

Real Estate: Colliers: The Romanian real estate scene continued its accelerated recovery in the first half of the year

Tuesday, August 2, 2022

The Bucharest office market returned to pre-pandemic levels, the industrial and logistics spaces are going from strength to strength, while the investment market could reach its highest level in more than 10 years, according to Colliers’ Mid-Year Report for ...

Home sales, up by 3.4% at a national level and by 16.6% in Bucharest in H1 2022

Tuesday, August 2, 2022

Over 85.000 homes were sold in Romania in the first six months from 2022, up 3.4% compared with the similar period from 2021, while the number of homes sold in Bucharest and Ilfov increased annually by 16.6%, shows a reported released by real estate consultant SVN Romania, based on official statistics.   The biggest number of homes sold in 2022 was registered in Bucharest and its surroundings, followed by Timis, Cluj, Brasov, Constanta and Iasi, shows the data of ...

Industrial and logistics spaces totalling 542,000 sqm were leased in H1 2022, an y-o-y increase of 50%

Tuesday, August 2, 2022

542,000 sq. m of industrial and logistics spaces were leased in H1 2022, a 50% increase compared with the same period of 2021, according to data from the Cushman & Wakefield Echinox real estate consultancy company. The volume transacted in Q2 was of approximately 240,000 sq. m, which was added to the Q1 take-up of more than 300,000 sqm.   A net take-up of 86% was recorded in H1, while the remaining 14% consisted of contract renewals and renegotiations. Bucharest ...

Real Estate: Investors uncertain about real estate market despite rise in house prices

Tuesday, July 26, 2022

 Home prices in Romania rose at the end of Q1 2022 by almost 40% compared to 2015 according to latest Eurostat data. It is a bit less than the average of the 27 EU countries which recorded an almost 46% increase. In the same period the rent price increased only 18% in Romania and 10% in the EU. The ...

Colliers: The logistics and industrial market continues to be the most dynamic real estate sector

Tuesday, July 26, 2022

The logistics and industrial market in Romania has become increasingly strong recently, with a record level of leasing activity in the last two years fueling robust development activity, with average stock growth of around 15-20% per year, according to the recent “ExCEEding Borders I&L” report released by Colliers.   2022 has also started on a decent note in terms of leasing activity, with a solid ...

Nordis Group sold 255 units worth 123.7 million RON in the first half of 2022

Tuesday, July 26, 2022

Nordis Group, the only developer of 5-star hotel and residential complexes in Romania, announces sales of 123.7 million RON in the first 6 months of 2022. This amount represents the value of pre-contracts for the sale of apartments in the 4 projects that Nordis Group has under development at this moment. The signing of the sale-purchase contracts from Nordis Mamaia, which started on July 15 and runs until the end of the year, will considerably increase the total annual ...

Agriculture: Agency for Payments in Agriculture pays 1.4 million lei to farmers in animal breeding sector

Tuesday, July 26, 2022

The Agency for Payments and Intervention in Agriculture (APIA) is currently paying the state aid in the animal breeding sector corresponding to the applications related to services provided in May 2022, according to a press release sent on Thursday.The amount authorized for payment is 1.436 million lei.The money is granted from the state budget, through the budget of the Ministry of Agriculture and Rural Development (MADR), to the applicants who ...

Romania ranked first in Europe for corn exports in 2021

Tuesday, July 26, 2022

Romania ranked first in Europe for corn exports least season, with 4.3 million tons. This year there could be export interdictions. The local corn yield, estimated initially at 14 million tons, could be only 8 million tons, according to more recent estimates. Romania ranked second for sunflower exports last season. Profit could grow by 3.2% over the average of the last 5 years, and that could lead to export ...

Trade: An average European consumes 102 euros a year in organic food, in Romania consumption is two euros

Tuesday, July 26, 2022

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The market for organic products in Romania could grow if the Romanian authorities start, little by little, to provide organic food in hospitals, schools and universities, officials of the European Commission's Directorate General Agriculture and Rural Development Diego Canga Fano and Henri Delanghe told Agerpres ...

Infrastructure: Govt. endorses procurement of twelve H2 trains

Tuesday, July 26, 2022

  The Government approved, on July 20, the substantiation note for the purchase of twelve hydrogen-powered trains, the transport minister Sorin Grindeanu announced. The estimated value of the contract financed under the EU-funded National Recovery and Resilience Program (PNRR) is estimated at RON 862 mln (EUR 170 mln), VAT included.   This is a ...

Healthcare: Survey: One physician for 171 inhabitants in urban area, one for 1,594 in rural area

Tuesday, July 26, 2022

In Romania there is one physician for every 171 inhabitants in the urban area, while in the rural area the ratio is one physician for 1,594 inhabitants, according to the "Romania with a single chip - part two" study, which was launched at the Victoria government Palace by the Sustainability Embassy in Romania, in partnership with the Department for Durable Development."Currently, 53.6% of Romania's population lives in the urban area, while 46.4% in the rural area. ...

Romania has improved its rating in the latest edition of The Wealth of Nations Index

Tuesday, July 26, 2022

  The Wealth of Nations Index is an innovative measure of economic development created by the Warsaw Enterprise Institute. Out of 38 classified countries (EU+OECD), Romania ranks 31st. This is a rise of one notch compared to the previous edition. Ireland along with Switzerland and the United States are the top 3 countries on WNI.   The Wealth of Nations Index measure is based on two pillars. ...

Tourism: Romania among best and cheapest countries that can be discovered while driving

Tuesday, July 26, 2022

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The interest in renting a car during holidays has grown this year, by 162% on the average compared to 2019, and Romania is among the best and cheapest European countries that can be discovered while driving, according to an analysis made by momondo.ro, a global search engine for travels.   According to the source, out of a total of 33 European countries analyzed, the best ranking according to five ...

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