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Healthcare: Pharma market up 21% YoY in 12 months to September
Tuesday, November 22, 2022
The value of the drug market in Romania increased by 21% in the 12-month period between October 2021 and September 2022 compared to the previous 12-month period, to a total of RON 24 bln (EUR 5 bln), according to market research firm Cegedim quoted ...
Study: Half of Romanians use antibiotics for common colds or sore throats
Tuesday, November 22, 2022
In 2019, there were nearly 5 million deaths globally associated with antibiotic resistance (of which 1.3 million deaths were directly attributed to it). Misuse of antibiotics fuels antimicrobial resistance, which is the third leading cause of death worldwide. The study, which was initiated by the Global Partnership for respiratory infections (grip) with Reckitt’s support in May 2022, reveals the ...
Trade: Romanian consumers’ shopping behaviour increasingly unpredictable
Tuesday, November 22, 2022
Increasingly unpredictable consumption behaviour, the desire to sell quickly at low costs and the existence of many advertisers in Romania are the main conclusions about the advertising market in Romania presented by Limitless Agency at WebSummit Lisbon. Also, constant testing of the target audience on different promotion channels and the use of more and more automation tools for precise targeting and ...
Online stores report 1.5pct revenues increases on Black Friday
Tuesday, November 22, 2022
Online stores recorded, on Black Friday, revenues worth almost 21 million EUR, increasing by 1.5pct compared to the same period last year, according to the data published on last Thursday by one of the largest online marketing agencies of Romania.According to Limitless Agency, the largest order registered during the period with the most important discounts of the year was a television sold for 148,731 EUR.Compared to the analyzed period, online ...
Cars: PwC Autofacts: Romania, the only country in Central Europe where the car and utility market has grown in 2022
Tuesday, November 22, 2022
The car and utility market in Romania will be the only out of the five markets in Central Europe, analysed in the PwC Autofacts report, which will have an increase this year, with a plus of 2.1% up to a volume of 141,000 units, informs a press release. In exchange, the market in Poland has a drop of over 6%, for Slovakia – 6%, for Hungary -5% and for the Czech Republic ...
Jan-Sep turnover of motor vehicle, motorcycle trade up 4.6 pct YoY
Tuesday, November 22, 2022
Turnover in the trade with motor vehicles and motorcycles increased, as unadjusted series, by 4.6% in the first nine months of the year compared to the same period last year, while the turnover in market services provided to the population rose by 26.7%, according to the data published on Wednesday by the National Institute of Statistics (INS).Thus, in the period January 1 - September 30, 2022 compared to the period January 1 - September 30, 2021, the turnover in ...
Agriculture: Eurostat: Romania has the least productive milk yield in the EU
Tuesday, November 22, 2022
Romanian cattle rank the lowest in productivity per-cow head among European Union countries in 2021 (3,362 kilograms), says a new data published ...
Law establishing the Milk and Milk Products Observatory, promulgated
Tuesday, November 22, 2022
President Klaus Iohannis recently promulgated the milk and milk products Law, which provides, among other things, for the establishment, at the level of the Ministry of Agriculture, of an observatory that will monitor this market and will aim to centralize data, track and analyze production, balance between supply and demand and production costs. The law establishes unitary measures and actions for the ...
Tourism: Ministry of Tourism launches Cultural-Tourist Route “Folk masters and traditional crafts in Romania”
Tuesday, November 15, 2022
The Ministry of Entrepreneurship and Tourism launched on Friday the Cultural-Tourist Route “Folk masters and traditional crafts in Romania”, at Romania's Tourism Fair. “We launch today, the route 'Folk masters and traditional crafts in Romania', including the county councils of Suceava, Maramures, Neamt and Botosani. On this occasion, I would like to announce that we also launched this route in the Republic of ...
Digital Balneomap pinpointing Transylvania spa resources unveiled
Tuesday, November 15, 2022
The government's Department for Sustainable Development, in partnership with the Covasna County Association of Small and Medium-sized Enterprises - ASIMCOV, launched on Thursday the "Digital map of mineral waters - Balneomap" in an event organised in the Balvanyos spa town (central-eastern Romania).The platform pinpoints 39 localities with exceptional balneotherapy potential, as well as 200 mineral springs, most of them unexploited, in the counties of Harghita, ...
Number of foreign tourists who visited Romania increases 90pct in first nine months of 2022
Tuesday, November 15, 2022
The number of foreign tourists who visited Romania increased by 90pct in the first nine months of the year, while the number of Romanian tourists increased by 9pct, Entrepreneurship and Tourism Minister Daniel Cadariu stated on Thursday, at the opening of Romania's Tourism Fair (TTR)."For the first nine months, according to the data of the National Institute of Statistics (INS), the main indicator which reflects the tourist activity of Romania - and I mean the ...
Real Estate: After a robust first half of 2022, the market recovery has slowed down
Tuesday, November 15, 2022
Activity in the office market recorded its first slowdown in the third quarter of this year after four strong quarters. Overall, total demand of 68,800 square meters was stable compared to last year and also to the average of the last four quarters, but new demand was at only 22,200 square meters, which is a decrease of 39% from last year, according to data from Colliers. Even so, the near-term outlook remains ...
Study: The majority of Romanians are homeowners and many are looking for a new home
Tuesday, November 15, 2022
RE/MAX Romania - part of the world's leading real estate company and the largest network of franchised real estate offices in Romania – has shared the results of its Europe-wide study on trends in the residential market, in which it presents interesting information on the changing attitudes of people, taking into account factors such as cost of living, environment, connectivity, and international traffic, as well as urbanization and ...
Office rent prices in Bucharest, among lowest in Europe
Tuesday, November 15, 2022
The rent prices for office spaces in Bucharest are among the lowest both regionally and continentally, which represents a major point of attraction for companies in the IT&C area, along with the available workforce and the level of salaries for experts in this sector, according to the data of a real estate consulting company.Therefore, according to a Cushman & Wakefield Echinox press release, sent on last Thursday, even if the level of prime headline ...
Telecom. IT: Romania's IT market exceeds 9 billion EUR
Tuesday, November 15, 2022
Romania's IT market has exceeded 9 billion EUR, and in the next two years it could reach over 12 billion EUR, according to the results of the latest market study carried out by the Employers' Association of the Software & Services Industry (ANIS)."We notice a continuous growth of the software and services market in Romania, the impact of the IT sector in the national gross domestic product reaching 7pct. There are very high hopes regarding the ...
Cars: APIA: Ecological car sales went up by 76.4% in first 10 months
Tuesday, November 15, 2022
New car registrations went up by 8.3% in the first ten months of the ongoing year, compared to the same period of 2021, when electric models reported a growth of 76.4%, that is a market share of 20.8%, according to the statistics released by the Association of Automobile Makers and Importers ...
Europe’s first electric vehicles with interchangeable batteries are now available in Romania
Tuesday, November 15, 2022
Smart Balance launches Europe’s first electric vehicle rental service with interchangeable batteries under the e-Mobility Rentals brand. Hundreds of not-polluting vehicles will be making Food Delivery in Romania. Initially, the service will be aimed at companies, and later it will be available to individuals (car sharing and car rental). The electric vehicles with removable batteries are two- or three-seater ...
Infrastructure : Wizz Air brings new aircraft to Bucharest base, plans further expansion
Tuesday, November 15, 2022
Hungarian low-cost carrier Wizz Air said on Tuesday, November 8 that it brought its 16th aircraft to the base in Bucharest. It is one of the five aircraft announced since September when the airline disclosed another strong ...
Turkey plans ferry line to Romania's Constanta
Tuesday, November 15, 2022
As of January 2023, Turkey will introduce, in the testing phase, a (RoRo) cargo ferry line to Romania, the president of the Romanian Customs Authority, Bogdan Mihei, ...
Cars: New passenger vehicle registrations drop 10 pct in Q3 from year-ago levels
Tuesday, November 8, 2022
New registrations of passenger vehicles were 10 percent down in Q3 2022 compared to the same period of 2021, while the share of imported second-hand cars in total new registrations was 69.7 percent, down 2.5 percentage points year-over-year, shows data released on Friday by the National Institute of Statistics (INS).In a YoY comparison, moped and motorcycle registrations advanced 20.7 percent, bus and minibus registrations gained 11.5 percent, while passenger car ...