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Economic

Interministerial Committee to handle effects of climate change and drought in agriculture

Tuesday, July 19, 2022

Prime Minister Nicolae Ciuca announced that an Interministerial Committee will be established next week, which will handle the effects of climate change in agriculture and the effects of drought in this sector."I had a discussion with [Agriculture] Minister Daea in the Government meeting on Wednesday, and after having conducted an analysis, we made the decision that as of next week we will establish an Interministerial Committee which will handle all the effects ...

Cars: ACAROM: Romanians prefer buying second-hand cars because of the lower prices

Tuesday, July 19, 2022

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Data provided by the Association of Romanian Car Manufacturers (ACAROM) and online used car ...

What second-hand cars did Romanians buy in 2021?

Tuesday, July 19, 2022

  Volkswagen is the preferred brand by the Romanians who buy second-hand cars, especially the Passat series, as shown by the Mogo Romania data for 2021 and the first half of this year. 24%, respectively 2% of the buyers preferred the German car, followed by those who chose brands such as BMW, Audi, Opel, or Ford. Romanians’ preferences have remained unchanged when choosing a used car for the past two years, ...

Jan - May turnover of motor vehicle, motorcycle trade up 5.3 pct YoY

Tuesday, July 19, 2022

The turnover of trade in motor vehicles and motorcycles over January - May 2022 was 5.3 percent up in unadjusted terms from the same period of 2021, while the turnover for market services provided to the population increased by 39.5 percent, shows data released on Friday by the National Institute of Statistics (INS).The advance of the turnover of wholesale and retail trade, and the maintenance and repair of motor vehicles and motorcycles was the result of growth ...

Romanian auto market sees highest H1 advance in Europe

Tuesday, July 19, 2022

 European new car registrations dropped almost 14 percent in H1 2022, but the Romanian market had an opposite evolution, recording the strongest increase in registrations compared to the year-ago period, shows data released on Friday by the European Automobile Manufacturers' Association (ACEA).According to the cited source, 5.597 million cars were registered over January - June 2022 in the EU, the UK and EFTA countries (Iceland, Liechtenstein, Norway and ...

Real Estate: Analysts : Positive outlook for real estate market in 2022

Tuesday, July 19, 2022

Romania’s property investment volume in the first quarter of 2022 is estimated at EUR 68.5 million, a value that’s 7 percent lower than the one recorded in the same period of 2021. Analysts expect investments to reach EUR 1 billion in 2022, 11 percent above last year’s total figure, though it is difficult to make accurate predictions in this period marked by uncertainty.   Offices accounted for almost 80 ...

Tourism : Five cultural projects promoting tourist routes to get funds under Recovery and Resilience Plan

Tuesday, July 19, 2022

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  Several Roman forts, Dacian fortresses or museums in Hunedoara County will be promoted by the County Council (CJ) and included in various thematic routes recognized at the national level, after the administrative institution has been granted the necessary funding through projects submitted through the National Recovery and Resilience Plan (PNRR), the local authority informs on Monday.According to the Hunedoara ...

Viseu de Sus named tourist resort of national interest

Tuesday, July 19, 2022

Viseu de Sus has been certified as a tourist resort of national interest after meeting the mandatory minimum criteria, the Ministry of Entrepreneurship and Tourism (MAT) reported in a press statement on last Wednesday."On Wednesday, July 13, the Romanian government passed a decision approving the creation of some settlements or parts thereof as tourist resorts of local interest and amending Annex 5 to Government Decision 852/2008 approving rules and ...

CNN adds Romania’s Apuseni Mountains to a list of best destinations to visit in Europe

Tuesday, July 19, 2022

CNN Travel has published a list of European destinations perfect for a modern-day Grand Tour, and Romania’s Apuseni Mountains are on it. “The Grand Tour was a rite of passage for men and women of certain wealth and status in the late 18th and early 19th centuries, taking in the best Europe had to offer,” CNN says in its article.   A total of 17 places from across Europe have been ...

Infrastructure: Law approving Strategic Development Program for Henri Coanda International Airport Infrastructure promulgated

Tuesday, July 12, 2022

President Klaus Iohannis promulgated on Friday, the law amending annex 11 of Government Order 64/1999 approving the Strategic Development Program for Henri Coanda International Airport Infrastructure, the Presidential Administration informs. The strategic development program is “necessary to create airport infrastructure able to process passenger and cargo traffic in conditions of quality and safety,” the document ...

AirConnect targets domestic routes and charter flights

Tuesday, July 12, 2022

AirConnect, a new Romanian air carrier, launches charter flights this summer and will operate domestic routes starting this autumn, using ATR 72-600 planes. AirConnect will launch domestic flights, connecting regional airports with nearby hubs. The first cities in Romania targeted are Bucharest, Oradea, Arad, Timisoara, Craiova, Targu Mures, Sibiu and Baia ...

Wide gauge railway in the Port of Galati, reopened after 22 years

Tuesday, July 12, 2022

The wide gauge railway in the Port of Galati was reopened on Thursday morning, the Minister of Transport and Infrastructure, Sorin Grindeanu announced on his Facebook page."The works carried out by Romanian Railways (CFR) Infrastructure started on June 6 and were completed almost a month earlier than the estimated deadline. From this moment, the freight trains coming from Ukraine, via the Republic of Moldova, can unload the cereals directly in the Port of Galati, ...

TAROM wins in three categories of SkyTeam alliance's Sustainable Flight Challenge

Tuesday, July 12, 2022

Romania's flagship airline TAROM won three awards for lowest emission medium-haul air operator, best waste management and best employee involvement, as part of SkyTeam alliance's Sustainable Flight Challenge, the airline said in a release.According to the cited document, TAROM was also a finalist in the following categories: "Biggest cut in the medium-haul carbon dioxide output", "Lowest carbon dioxide ground handling service", "Boldest move", "Best sustainable ...

Real estate: Survey: Total real estate investment volume in Romania was 566.9 million euros in first semester

Tuesday, July 12, 2022

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The overall investment volume in the Romanian real estate market was 566,9 million euros in the first 6 months of 2022, two times more than in the same period of 2021, of which 476.9 million euros in the last three months, according to a study made by Fortim Trusted Advisors company, a member of BNP Paribas Real Estate Alliance. As a comparison, real estate transactions of 194 million euros were conducted in the first two quarters of ...

Eurostat: Rents up by 17%, house prices by 45% since 2010 

Tuesday, July 12, 2022

Rents and house prices in the European Union (EU) have continued their steady increase in the first quarter of 2022, going up by 1.4% and 10.5% respectively, compared with the first quarter of 2021, says the latest Eurostat survey.   Between 2010 and the second quarter of 2011, house prices and rents in the EU followed similar paths, but since the second quarter of 2011, those paths have diverged ...

CBRE: Bucharest can accommodate another 100,000 sqm mall

Tuesday, July 12, 2022

The stock of modern retail spaces will reach approximately 4.2 mln. sqm in 2022, including 140,000 sqm that will be delivered by the end of the year, according to the Romania Retail Destinations ...

Trade: Romania's per capita consumption of bread and bakery products at 88.57 kg in 2021

Tuesday, July 12, 2022

Bread and bakery products were part of the basic food basket in 2021, with an average monthly per capita consumption of 7.38 kg, compared to 7.60 kg in the previous year; this stands for an annual consumption of 88.57 kg per capita (91.19 kg per capita in 2020), shows data centralized by the National Institute of Statistics (INS).According to statistics, Romania's consumption of meat and meat products was relatively lower compared to the standards in developed ...

Agriculture: Romania, second largest wheat exporter in EU

Tuesday, July 12, 2022

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EU wheat exports in 2021-2022 season that ended on June 30, went up by 6.8% to 27.47 million tons from 25.71 million tons in 2020/2021 season, according to data released by the European Commission, Reuters informs. EC figures show that France was the largest wheat exporter in EU with 8.276 million tons exported in 2021/2022, followed by Romania with 6.388 million tons.   EC data also show that EU corn ...

Romsilva increases state forest surface by approximately 34,000 hectares

Tuesday, July 12, 2022

The surface of state forests that hold the forest management certification at an international standard increased by 33,766 hectares, after the forests administrated by the Forestry Office of Alesd, Marghita and Sudrigiu, within the Bihor Forestry Department were included in the forest management certification process.According to the quoted source, the total surface of state forests managed by the National Forest Administration-ROMSILVA that hold the forest ...

Milk production goes down in 2021 YOY, wool and egg production goes up

Tuesday, July 12, 2022

  The production of milk decreased in 2021, as opposed to 2021, by 1.77%, and wool and egg production increased by 0.7% and 9%, respectively, respectively, according to the data published by the National Institute of Statistics (INS) on Thursday.According to the INS, cow milk production (including for the consumption of calves) was 39.131 million HL in 2021, which was 584,000 HL (-1.5%) below the level of the previous year. Increases were ...

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