RSS
Economic
Real Estate: The total leasing volume on the Bucharest office market up by 10% yoy in the first Half of 2023
Tuesday, July 11, 2023
In Bucharest, the total office stock reached 3.85 million sqm at the end of June 2023. The total leasing activity of the office market reached over 169,000 sqm in the first six months on this year, a 12% increase compared to the same period last year, according to an analysis by Crosspoint Real Estate, international associate of Savills in Romania. Although the office market is going through a challenging period, from mass ...
Romania hits 6.3 ml sqm of modern industrial and logistics space in 2022
Tuesday, July 11, 2023
Romania's total stock of modern industrial and logistics space has reached almost 6.3 million sqm, representing the third largest specific market in 12 of the largest Central and Eastern European economies, shows a report by real estate consulting company Colliers.According to the cited document, the developers have another 650,000 sqm of modern space under construction.The real estate experts attribute the robust evolution of the market in the latest period to ...
Trade: Romania, the cheapest EU member state for food and non-alcoholic beverages
Tuesday, July 4, 2023
Romania had the cheapest food in the EU in 2022, according to data from the National Institute of Statistics (INS). We also had the cheapest furniture. The lowest level of prices for consumer goods and services from the final consumption of households, within the member states, was recorded in 2022 in Romania, being 42% lower than the EU average, followed by Bulgaria (41% below the EU average) and ...
Agriculture: EUR 430 million of EU funds to support the EU agricultural sector
Tuesday, July 4, 2023
The Commission proposed yesterday, 26 June, to mobilise additional EU funding for EU farmers affected by adverse climatic events, high input costs and various market and trade issues. The new support package will consist of EUR 330 million for 22 Member ...
Cattle and bird slaughter in industrial units, upward trend in 2022
Tuesday, July 4, 2023
The slaughter of cattle and birds in industrial units (slaughterhouses) registered an upward trend in 2022, compared to 2021, and the slaughter of pigs, sheep and goats a downward trend, according to the data published on Friday by the National Institute of Statistics (INS) .The number of cattle slaughtered in industrial units (slaughterhouses) increased compared to the previous year by 3%, while the production of beef decreased by 1.6%. Cattle ...
Romania's 2022 wool and egg production goes up, milk production declines compared to 2021
Tuesday, July 4, 2023
Romania's wool and egg production increased in 2022 compared to the previous year, whereas the milk production was down from 2021, shows data released on Friday by the National Institute of Statistics (INS).The wool production rose by 3.15 percent to 24,191 tons last year, compared to 23,453 tons in 2021, while the egg production reached 6.005 million, by 68,000 more than in 2021.In 2022, slaughter numbers for sheep and goats increased by 8.6 ...
Agriculture Ministry to run INVESTALIM programme to boost domestic production of food
Tuesday, July 4, 2023
The Ministry of Agriculture and Rural Development (MADP) has put up for publicdebate a bill for the application of a multi-annual national programme, INVESTALIM, the years 2023 - 2026, for the development and modernisation of the domestic food industry through financial support to boost the domestic production of foodstuffs.According to a MADR press release, the INVESTALIM programme will be run by MADP through the Rural Investment Financing Agency ...
Tourism : Romanians are booking tours and travel packages for 2024
Tuesday, July 4, 2023
DAL Travel, one of the most well-known tour operators in Romania offering premium travel products, established in 2000 and a member of the National Association of Travel Agencies (ANAT), enthusiastically announces that travel enthusiasts and adventurers are ahead of their time and have already booked tours and travel packages for 2024. A year before departure, Romanians express an incredible desire to explore the world ...
Vama Buzaului, Romania's eighth ecotourism destination
Tuesday, July 4, 2023
Vama Buzaului, located at the foothills of the Ciucas Mountains, is the eighth ecotourism destination in Romania, having obtained the recognition of the Ministry of Economy, Entrepreneurship and Tourism (MEAT), informs the ministry in a press release."I congratulate the local administration of Vama Buzaului for its firm commitment to promoting sustainable tourism and environmental conservation and protection initiatives! Moreover, this example of good ...
ARO hotel in Brasov to be modernised by an international brand; investment - approximately 11 mln euros
Tuesday, July 4, 2023
One of the emblematic hotels in the city of Brasov, the Capitol, which is part of the Romanian chain Aro SA, will be modernised by an international brand, with an investment of approximately 11 million euros.The Capitol will be rebranded by the Accor group, which will reopen the hotel unit in Brasov under the name Mercure Brasov Center, the representatives of Aro and Accor announced on Tuesday in a press conference, after signing an agreement in this sense ...
Healthcare: Opinion poll: Health a priority for 41.5% Romanians; only 27% remember Gov't measures in the area
Tuesday, July 4, 2023
Romanians consider health a priority (41.5%), however only 27% say they can remember measures proposed by the Governments in the past years, according to the Public Health Barometer, launched on Wednesday, at the Romanian Academy Library.According to the survey, presented by the director of the Larics Sociological Research Center (CCSL), PhD Associate Professor Darie Cristea, of the 27%, 58% recall measures related to the management of the COVID-19 pandemic ...
Infrastructure: The freight transport market in Romania is slowing its growth
Tuesday, July 4, 2023
The road freight transport market recorded a slowdown in the growth rate in the period January-June 2023 compared to the same period last year, against the background of the decrease in volumes, which also generated a stagnation in transport tariffs, an analysis shows, the third largest transport company in Europe. “If in 2022 the market for road transport of goods grew quite rapidly, this ...
Romanians are increasingly using smaller airports in the country
Tuesday, July 4, 2023
Romanians are increasingly using smaller airports in the country, the busiest being, after the Otopeni Airport, the airports in Ias and Cluj, according to the latest data presented by an online travel agency."The most recently opened airport in the country, the Brasov-Ghimbav International Airport, has brought with it many operational challenges, which is why we can currently only talk about a few flights that Romanians can book from Brasov and quite a ...
Tourism : Over 50,000 Romanian tourists travelled to Israel during the first six months of 2023
Tuesday, June 27, 2023
Tourism to Israel has a significant recovery in the first half of the year and the number of Romanian tourists to Israel has registered an impressive increase of 7% against 2019, informs the ministry of tourism of Israel, in a press release.According to the official statistic data, in the first six months of the present year, 50,000 Romanian tourists visited Israel, a remarkable figure which ...
Trade: Luxury market to account for almost 20 pct of Romania's total housing supply in 2023
Tuesday, June 27, 2023
The luxury market accounts for almost 20% of Romania's total housing supply this year, 90% of which is in Bucharest, say representatives of some real estate companies.About 50% of real estate transactions were made in cash, and developers maintain that more than 70% of them were for medium-high and luxury apartments or for the most expensive homes in a complex, namely the exact opposite of the trend so far, shows data from the National Cadastre and ...
Healthcare: 2 out of 4 middle-aged people in Romania are overweight or obese
Tuesday, June 27, 2023
2 out of 4 middle-aged people in Romania face weight problems, being overweight or obese, and 6 out of 10 are sedentary. The data are part of an analysis carried out by the Romanian application DAHNA – Diet According to the Healthy Heart Nutritional Approach, as part of a cardiometabolic health screening project among the Romanian population. The DAHNA application is intended for those who will ...
Infrastructure : EU invests EUR 6.2 billion in sustainable, safe and efficient transport infrastructure
Tuesday, June 27, 2023
The Commission has selected 107 transport infrastructure projects to receive more than EUR 6 billion in EU grants from the Connecting Europe Facility (CEF) – the EU instrument for strategic investments in transport infrastructure. More than 80 % of this funding will support projects that ensure a more ...
Real Estate: Colliers: Bank-financed housing acquisitions continue to fall in 2023
Tuesday, June 27, 2023
Rising interest rates have reduced Romanians’ appetite for home mortgages, with the number of apartment transactions falling by almost 30% in Bucharest and Romania’s major cities in the first five months of the year, Colliers consultants note. Compared to the past four years, when the balance of housing loans grew by an annual average of 10-12%, the annual evolution of housing loan stock is now growing by only ...
The largest business hub in western Romania, in Iulius Town Timisoara
Tuesday, June 27, 2023
The largest business hub in the western part of the country, developed by IULIUS Company in the Iulius Town mixed-use complex, brings together some of the world’s strongest ‘intelligence’ providers in the automotive and technology industry. The four office buildings under the United Business Center (UBC) brand have a leasable area upwards ...
Workers prefer hybrid work and this is hurting the office market
Tuesday, June 27, 2023
by eToro analyst for Romania, Bogdan Maioreanu Workers do not want to work only from the office, hybrid work is gaining importance and this is putting the commercial real estate sector under pressure, especially the office sector. The Fed paused the rates but is planning some new increases to contain price pressures. The ECB ...