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Economic

REPORT: New apartment prices have risen in March, but old apartments are still cheap

Tuesday, April 9, 2019

Asking prices for apartments being put up for sale in Romania’s main cities saw a slight increase in March, in the context of a stabilization period with both up and down variations, according to the latest report released by Imobiliare.ro. The average asking price per square meter of new or old apartments reached EUR 1,237 in March – 0.3 percent higher than at the end of February. In three of the six monitored major cities, sellers’ demands increased compared to ...

Trade: Commissioner Vera Jourova: Companies selling double standard products to be fined 4% of turnover

Tuesday, April 9, 2019

The companies selling foodstuff of different quality in the European countries will pay fines of up to 4% of the turnover, European Commissioner for Consumer Protection Vera Jourova said in Bucharest. She confessed she has experienced the double standard by herself, TVR 1 public television informs. “I feel cheated when I return to my country and buy yogurt with chemicals instead of strawberries. We will ban the double standard of the products,” Jourova ...

Tourims : The tourism up by 7.5 in February

Tuesday, April 9, 2019

Compared to the corresponding month of the previous year, the arrivals in the establishments of tourists’ reception with functions of tourists’ accommodation increased by 7.5 %, while the overnight stays increased by 11.4% in February 2019. Compared to February 2018, in February 2019 customs registered an increase in the arrivals of foreign visitors of 6.7 % and an increase of 4.1% in the departures abroad of the Romanian ...

Romania will open 10 tourist promotion offices this year

Tuesday, April 9, 2019

Romania will open this year 10 tourist promotion offices abroad, two of which in China, the minister of tourism Bogdan Trif declared on last Thursday. “We will open 10 tourist promotion offices. We have a strategy which must be completed until the end of next month, a strategy made on a project with the World Bank, which we must take into account next to calculations made by our colleagues. Soon we will tell you the locations, but it is clear that we will have two offices in ...

Cars: One in three Romanians plans to buy an electric car

Tuesday, April 9, 2019

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One in three Romanians looking to buy a new car is considering an electric car, according to a study by E.ON and Kantar EMNID. Thus, 36 percent of Romanians looking for a new car intend to buy an electric car, according to the results of the survey, which puts Romanians on top of those most open to buy electric vehicles among all Europeans. On the other hand, like most Eastern Europeans, Romanians are rather skeptical when asked about how they see the potential supremacy of electric ...

TAGRO, the Romanian-built agricultural tractor, received approval from RAR

Tuesday, April 9, 2019

TAGRO – the Romanian agricultural tractor, designed and built entirely by IRUM Reghin, was approved by the Romanian Auto Registry. This approval certifies the high quality of the agricultural tractor that complies with all European standards. The approval process started last year. Towards the end of 2018, TAGRO underwent a series of static and dynamic tests conducted by the Homologation Department of RAR Bucharest, which played an important role in defining and optimizing the ...

Healthcare: Eurostat: Almost 71% of Romanians perceive their health as good or very good

Tuesday, April 9, 2019

Seven out of ten people aged 16 or over living in the European Union (EU) rated their health status as good or very good in 2017 (70%). In contrast, fewer than one in ten (8%) assessed their level of health as bad or very bad in the same year. The classification includes five levels of self-perceived health status: very good, good, fair, bad and very bad. Among the EU Member States, the highest share of the population aged 16 or over who perceived their health as good or very ...

Trade : GfK Study: Index on Romanian consumers' confidence determined by pessimistic forecasts for most chapters

Tuesday, April 2, 2019

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Romanian consumers did not recover in 2018 the confidence in economy they had the previous year and became reticent on the background of tensions in the monetary market (ROBOR increase) and the uncertain economic situation, according to a study made by GfK, an analysis and study company, on consumer confidence. In these conditions, the Consumer Climate index measured by GfK is still negative, in the pessimistic area ...

Real Estate: New office and residential pole emerges in northern Bucharest

Tuesday, April 2, 2019

The area in northern Bucharest known as “Expozitiei” due to its proximity to the city's main exhibition center - Romexpo is turning into the city's new pole for office and residential developments. Developers have announced the construction of over 200,000 square meters (sqm) of office spaces and 3,000 housing units in the area, in the next five years, according to an analysis by the real estate consultancy company ESOP Consulting and ...

Futureal to pour EUR 100 mln in residential developments in Bucharest

Tuesday, April 2, 2019

Hungarian group Futureal, one of the biggest real estate investors in Central-Eastern Europe, has acquired four land plots in northern Bucharest and plans to develop residential projects for the medium and medium-high customers category under a broader EUR 100 million plan. Cordia Romania, the local subsidiary of Futureal's residential division Cordia, will develop the projects. “Cordia Romania aims to develop 500 ...

Cars: Romania, 4th in the EU in car exports

Tuesday, April 2, 2019

Despite the legal framework amendments in the economic field, in the past years, the Romanian auto industry has achieved remarkable performances last year. Thus Romania has become the 4th car exporter in the European Union, right behind Germany in the rankings. Romania exported in 2018 to the EU by 450,000 cars more than it imported and is on the 4th position in this regard, CarIndustryAnalysis informs. There are two ...

Agriculture: Romania, second in Europe for bee growing

Tuesday, April 2, 2019

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Romania ranks second in Europe for bee growing, said Etienne Bruneau, the president of the Commission of Science and Technology of Apiculture Product Quality within Apimondia, present at “Honey Celebration” in Blaj, an event hosting the most important conference in Europe, “BeeCome”. Other representatives of beekeeper associations in Europe, like Walter Haefeker, the president of the Association of Professional Beekeepers in ...

Romania ranks first in EU at cultivated area and grain maize and sunflower production

Tuesday, April 2, 2019

Romania ranked first among the EU member states in 2018 in terms of the cultivated area and the production of grain maize and sunflower, according to the National Institute of Statistics.As regards wheat, Romania ranks fourth in the area under cultivation, after France, Germany, Poland, and in production, after France, Germany and the United Kingdom, and in potatoes it ranked fourth in the cultivated surface, after Poland, Germany, France and seventh in ...

Romania has, after Ukraine, the largest areas registered with World Heritage Forest Programme

Tuesday, April 2, 2019

Romania has the second largest area of forests registered with the UNESCO World Heritage Forest Programme after Ukraine, Romania's Minister of Waters and Forestry Ioan Denes told an international World Heritage Beech Forests workshop hosted by Sibiu City on Thursday."The year 2019 is an important year to Romania, given that it had committed to organising this Sibiu workshop this year to develop a best practice guide on forest management in the UNESCO buffer zone. ...

Telecom. IT : ICT Consultative Council: Highly developed 4G technology required for switch to 5G

Tuesday, April 2, 2019

The 5G technology industry will solve the gap among countries and continents, but to implement it the 4G networks must be highly developed, Ion Vaciu, chairman of the ICT Consultative Council, told a specialist conference on Thursday."5G means a new paradigm, other than speed, an integration of technologies into a new vision that will mean almost zero latency, and extremely high speed not necessarily for downloading movies on the net, but rather a sophisticated ...

Mobile phone accessories market up 40 percent to 4 million units in 2018

Tuesday, April 2, 2019

Avenir Telecom, one of Romania’s largest distributors of phones, accessories for mobile phones and telecommunication services, is expanding its mobile phone accessories segment and introduces Celly’s high quality Celly accessories from Celly SpA, one of the leading manufacturers and distributors of the Italy mobile phone accessories market. For Avenir Telecom is a new expansion of the distribution segment after the company introduced the ...

Infrastructure : Romania- Hungary discuss project of building road infrastructure for high speed train

Tuesday, April 2, 2019

The project of building railway infrastructure for a high speed train connecting Bucharest and Budapest was on the agenda of consultations held between Dragos Tintea, secretary of state in the Ministry of Transports and a Hungarian delegation headed by Laszlo Mosoczi, secretary of state in the Ministry of Innovation and Technology. The agenda of the meeting included transport infrastructure projects of interest for both parties, such as building ...

CFR Calatori: 1,366 trains circulated daily in 2018, 4.3% fewer than in 2017

Tuesday, April 2, 2019

The number of passenger trains which circulated daily in 2018 was by 4.3% smaller, 24 train cars were modernized  and more than half of passenger complaints had in view travel conditions, the Activity Report of CFR Calatori for 2018 shows. “In 2018, an average  of 1,366 trains circulated daily , 4.3% fewer than in 2017. As part of public service obligations, 1.082 trains were operated in 2018, 4.7% fewer than in 2017. That fact was ...

Funds worth EUR 1.2 bln to be allotted to Targu Neamt-Iasi highway

Tuesday, April 2, 2019

Government will allot EUR 1.2 billion from the state budget to build Targu Neamt-Iasi highway section in public-private partnership. The Gov’t claims the highway is estimated to be concluded in four years. “The project stipulates the construction of 68 km of highway, and the economic effects to attract investments in this region, but also social effects are obvious, the more the motorway is connecting tot the high-speed road ...

Tourism: Ministry of Tourism: Bringing labour force from Asia in tourism industry,  short term solution

Tuesday, April 2, 2019

The solution of bringing labour force from Asia in hospitality industry in Romania is a short term one and we must consider medium and long term variants, said Cristina Ionela Tarteata, secretary of state in the Ministry of Tourism. According to Calin Ilie, the president of the Federation of Hotel Industry in Romania (FIHR), the labour force deficit in tourism industry in Romania is 20%, reported to the 500,000 people employed in the field directly or ...

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