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Mihail Kogalniceanu int'l airport certified for largest aircraft operation

Tuesday, June 25, 2019

The Romanian Civil Aviation Authority (ACCR) earlier this week issued a new certificate of conformity by which the southeastern Mihail Kogalniceanu Constanta international airport (AIMK) is authorised to operate flights with the largest airplanes, the managing director Bogdan Artagea informed on Thursday.According to the source, the ACCR on Tuesday, June 16 approved the amendment of the RO 08 certificate held by AIMK since 2017, in accordance with the EU ...

AmCham survey: Lack of transport infrastructure, major impediment in economic development according to investors in Romania

Tuesday, June 25, 2019

Most of the business environment in Romania (94 percent) considers that the lack of transport infrastructure is a major impediment to the country's economic development, while two-thirds of the respondents (66 percent) refer to the lack of public investment policies and programs, according to the results of a survey by the American Chamber of Commerce in Romania (AmCham Romania), presented on Thursday in a press conference by Ionut Simion, the president of the ...

Trade: Kaspersky Report: Children, more interested in online shopping 

Tuesday, June 25, 2019

Children's interest in online shopping has trebled in the last 12 months, compared to last year, from 2% to 9%. Products most in demand are electronic equipment (Apple, Samsung) or fashionable brands (Vans, Gucci, Supreme), the annual Kaspersky report about children's safety shows. The most used shops sought by children are AliExpress, Amazon and Ebay. Sports clothes (Nike, Adidas), electronic products (Apple, Samsung) and fashion brands (Gucci, Vans, ...

GfK: Retail stores in Romania and Lithuania to record greatest progress in Europe in 2019

Tuesday, June 25, 2019

The business figure of retail stores (brick and mortar) in 27 EU states (without Great Britain) will grow by 0.2% in 2019, the highest increase rate being expected in Romania (7%) and Lithuania (6%), according to the latest GfK analyses on the European retail market. The study analyses tendencies and evolution in 27 European states and presents a prognosis of the business figure for 2019, offering retailers, investors and project developers an ...

Analysis: Local ice cream market estimated at RON 600 million, a record value of the past decade

Tuesday, June 25, 2019

The spring season and the start of the summer, with a lot of rain and humidity, were not in favor of ice cream sales, but the ice cream makers hope that July and August will drive up consumption. The ice cream market is estimated to exceed RON 600 million in value, a record for the last 10 years, according to a Frames analysis. The number of ice cream makers in Romania has doubled from 2010 to date, from 99 to 204 in 2017. In 2018, a year for which ...

KeysFin Study: Cosmetics market up 50 pct in the past 5 years to over EUR 1.7 billion

Tuesday, June 25, 2019

The cosmetics production market has doubled in value between 2013 and 2017 to over EUR 100 million, and the preliminary data for 2018 indicate that the value had exceeded EUR 120 million. Expanded product ranges and sustained advertising in the industry have matched perfectly with the trend of economic growth and the diversification of consumer habits, according to a study by KeysFin. The turnover of local cosmetics producers increased by 11 percent in ...

Eurostat: Romania has the cheapest food in the EU

Tuesday, June 25, 2019

In 2018, the price level of a comparable basket of food and non-alcoholic beverages across the European Union (EU) was twice as high in the most expensive Member State than in the cheapest one. Denmark had the highest price level for food and non-alcoholic beverages in the EU in 2018, at 130% of the EU average, followed by Luxembourg and Austria (both 125%), Ireland and Finland (both 120%) and Sweden (117%). At the opposite end ...

Real Estate: Real estate consultancy tipped to double in value in 5 years

Tuesday, June 25, 2019

The real estate market is maintaining the good momentum that it has enjoyed for the last few years, and this can be seen in the consultancy market, which is attracting new players despite the fact that some analysts are predicting a crisis in the near future. Consultancy in the real estate market has long been an unknown in terms of size and turnover. And it is still opaque when it comes to the small army of agents carrying out transactions involving ...

Cars: APIA: Average age of car park in Romania was 15.4 years in 2018

Tuesday, June 25, 2019

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The average age of the car park in Romania, in 2018, was 15.4 years, over the EU age of 11 years, a specialized analysis published by APIA shows. According to the source, recent data referring to the evolution of the car park in Romania, published by the authorities, shows the increase of the number of old and very old cars which continue to supply the park, especially in the last two years, since the environment tax was ...

Agriculture: În 2018, 422,000 hectares of agricultural land sold to foreign persons

Tuesday, June 18, 2019

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The area of agricultural land exploited by foreign natural and legal persons was 422,000 hectares at the end of 2018, with 793 people utilizing these lands, according to data provided by the Ministry of Agriculture and Rural Development (MADR). In terms of country of origin, most people who have bought land were from Italy – 194, Germany – 80 people, France – 33, Austria – 31 people, the Netherlands – 28, Spain – 23, Belgium – 17, Denmark ...

Highest corn yield in 2018, in western Timis County

Tuesday, June 18, 2019

The yield of corn in 2018 saw its peak in the western County of Timis which recorded 1.505 million tonnes, 9,425 kg/hectare, respectively, while the national corn production in the same year recorded 18.664 million tonnes, higher by 4.33 million tonnes against the output of 2017, with a production per hectare worth 7,644 kg according to data released by the National Institute of Statistics (INS).The counties that wrote down the highest outturns were Timis, Ialomita, Calarasi, ...

Romania has to reach area of 500,000 ha of certified organic farming by 2021

Tuesday, June 18, 2019

Romania has to reach an area of 500,000 hectares of certified organic farming by 2021, as there are currently around 364,000 hectares and 10,000 registered beneficiaries and the relevant market has increased by some 30pct in recent years, state secretary in the Ministry of Agriculture, Daniel Botanoiu, said."At present we have 364,000 certified hectares and over 10,000 beneficiaries registered in organic farming. In 2021 we must have an area of 500,000 hectares. This Agency for ...

Eurostat: Almost a quarter of Romanians work in agriculture, the highest share in the EU

Tuesday, June 18, 2019

Romanian businesses claim that they struggle to find workers but official statistics may give them a clue where to find new employees. In fact, Romania has the largest share of agricultural employment among the EU member states in 2018, of 23 percent – meaning that almost one out of four employees work in agriculture. “Among the Member States, the share of agricultural employment in 2018 was the highest in Romania (23 percent of total employment), Bulgaria (18 percent), ...

Cars : Over 241,000 new and second-hand vehicle registrations between January-May 2019 in Romania

Tuesday, June 18, 2019

The number of new and second-hand vehicle registrations in Romania reached 241,629 units in the first five months of 2019, out of which over 184,000 units were second-hand, according to the statistics with the Driving Licences and Vehicle Registration Directorate (DRPCIV).According to the data, between January and May 2019, the car registrations dropped by 1.31 percent compared to the same period of the last year.As part of this decrease, the total number of new car ...

Tourism: Almost 444,000 inbound non-resident tourists in Romania spend 1.293 billion lei in Q1 2019

Tuesday, June 18, 2019

• In Q I 2019, the total number of non-residents in collective1 tourist accommodation structures was 443.7 thousands and their total expenditure amounted to 1292.6 million lei. Almost 443,000 non-resident tourists arrived in Romania in Q1 of 2019 and their expenditures accounted for approximately 1.293 billion lei, according to the data published on Friday by the National Institute of Statistics (INS). "The total number of non-resident tourists ...

Foreign tourists spend in Romania by 162.5 mln lei more in Q1 2019 from Q1 2018

Tuesday, June 18, 2019

Foreign tourists spent 1.3 billion lei in Romania in the first quarter of this year, by 162.5 million lei more than in the same period of 2018, informs the Ministry of Tourism in a press release issued on Friday."At the national level, we are at the moment when the current Executive has proven that tourism is a priority sector that can fully contribute to economic growth! For the first time after many years, we launched a new policy of promoting and developing the sector. We have ...

Telecom.IT : World Bank: Romania’s IT sector can contribute to the digital transformation of Europe and surrounding region

Tuesday, June 18, 2019

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Romania’s digital sector can contribute to the digital transformation of Europe in its entirety, and especially of the surrounding region, because there is a lot of energy and entrepreneurial spirit in the IT field, said Juan Navas-Sabater, manager of the Digital Development Global Practice department at World Bank. “Digital transformation has reached a point where it is no longer about the introduction of technologies in existing processes, ...

Real Estate: BNR Report: Real estate prices up 0.88 pct in 2018, slowest growth pace since September 2015

Tuesday, June 18, 2019

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The price for residential properties reached the minimum growth pace last year, since September 2015, with the annual growth average, in real terms, recorded in December 2018 being of 0.88 per cent, compared with the same period last year, according to the Financial Stability Report of the National Bank of Romania (BNR).In what concerns the credit institutions, the residential properties price saw a marginal growth in the first quarter of 2019, contrary to the expectations of a ...

Prices for ultra-premium residential properties in north Bucharest reach record levels

Tuesday, June 18, 2019

Ultra-premium properties in north Bucharest have reached record prices per square meter, according to an analysis by real estate consultancy firm Imoteca. The current average price of EUR 4,170/sqm has never been recorded before, not even in the real estate boom years before the financial crisis. 47 percent of ultra-premium homes now cost over EUR 4,000/sqm, and some even exceed EUR 7,000/sqm. Fine living (luxury) properties became increasingly popular between 2012 and 2016 ...

Trade: Romania had about 15,000 active online stores in 2018

Tuesday, June 18, 2019

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The number of online stores in Romania reached approximately 15,000 in 2018, double the number recorded in 2017, when there were only around 7,000, according to research by online marketing agency Sinaps, reported by economica.net. The most active sectors by size of investment in online marketing campaigns were electronics/IT&C, fashion & beauty, travel, home & deco, books, gifts & flowers, auto & moto. “Many startups begin by investing EUR ...

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