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Agriculture: European Commission approves 7.4 million-euro Romanian scheme to support bovine breeding sector

Tuesday, September 15, 2020

The European Commission on Wednesday approved a 7.4 million-euro (approximately 35.7 million lei) Romanian scheme to support companies operating in the bovine breeding sector that are affected by the coronavirus outbreak.According to a press statement released by the commission, the scheme was approved under the State aid Temporary Framework. Under the scheme, public support will be provided in the form of direct grants.The aim of the scheme is ...

Infrastructure : Railway line connecting train station to Henri Coanda International Airport is 97% completed

Tuesday, September 15, 2020

The railway line Gara de Nord [North Train Station] - Henri Coanda International Airport is 97% completed, CFR SA announced on Wednesday.According to a company's release, the new railway to the airport starts from the connection area (former Halta Odaile) on about 600 meters, the route continues with a consolidation area of 900 meters in length and a viaduct of 1.52 kilometers, which crosses National Road 1, to the new passenger station, from the Henri ...

Wizz Air announced new route from Cluj-Napoca to Liverpool

Tuesday, September 15, 2020

Wizz Air has announced a new route from Cluj-Napoca to Liverpool John Lennon starting from 23 October 2020. At the same time, already announced in June, flights from Bac?u to London Luton, will commence earlier, on 1 October with 5 weekly flights and will increase to daily flights after the base opening on 29 October. This is one of 12 announced routes from the newest WIZZ base in Bac?u, which will be officially opened on 29 ...

Trade: The e-commerce sector grew by 50% of the number of orders in pandemic period

Tuesday, September 15, 2020

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  The pandemics redefined the sector of e-commerce,leading to a quick growth of the number of orders by 50% and value by 64%, dynamics which shows growth in six months similar to a period of three years in a normal context, according to the data of MerchantPro, local platform SaaS of eCommerce. The starting period of the crisis, represented by the months of restrictions and social distancing led to bigger increases but the positive ...

Romanians have been buying more, choosing the lower price segment in H1

Tuesday, September 15, 2020

The consumer goods market saw a 12 per cent increase in the first half of the year compared with the first half of 2019, in the context in which the Romanian households bought by 9 per cent more in terms of volume, choosing the lower price segment, according to a survey of GfK made public on Monday."The health crisis and, implicitly, the restrictions in recent months have led to changes in the buyer's behaviour, so that the frequency of visits to the store ...

Infrastructure: Eurostat: Netherlands, Romania on 1st positions in EU in terms of waterway transport in domestic freight transport

Tuesday, September 8, 2020

Inland waterway transport accounted in 2018 for 6% of domestic freight transport in the European Union, and the member states where this mode of transport has the largest share are the Netherlands (43.2%) and Romania (27.1%), according to data published on Friday by Eurostat.Road transport is by far the main mode of freight transport in the EU, accounting for three quarters (75.3%) of domestic freight transport, followed by rail (18.7%) and waterway (6%). ...

Agriculture : Commission approves €47.4 million Romanian schemes to support companies active in the pig and poultry breeding sectors

Tuesday, September 8, 2020

The European Commission has approved two Romanian schemes, with a total budget of €47.4 million (approximately RON 229.4 million), to support companies active in the pig and poultry breeding sectors that are affected by the coronavirus outbreak. The schemes were approved under the State ...

Gov't approves framework through which young farmers can obtain 50 ha from state by lease

Tuesday, September 8, 2020

On last Thursday, the Government approved the draft emergency ordinance for the creation of the legal framework through which the young farmers will be able to obtain, through lease, land from the state of maximum 50 hectares."On the supplementary list of the Government's meeting, a draft emergency ordinance for the implementation of a program included in the National Investment and Economic Recovery Plan of the Orban Government; is the draft for the ...

Tourism: Fewer tourist arrivals in Bucharest in first semester

Tuesday, September 8, 2020

The number of tourist arrivals in Bucharest dropped three times in the first semester of the ongoing year, compared to the same period of 2019, to 324,440 arrivals, in the context of the Covid 19 pandemic.   According to centralized data of the National Statistics Institute, 122,768 arrivals were recorded in January, 132,455 in February, 38,299 in March, 2,925 in April, 5,537 in May and 22,456 in June. ...

Tourists' arrivals, down 44.4% in July, overnight stays decrease 44.7%

Tuesday, September 8, 2020

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- Compared to the corresponding month of the previous year, the arrivals in the establishments of tourists’ reception with functions of tourists’ accommodation decreased by 44.4%, while the overnight stays decreased by 44.7% in July 2020. - Compared to July 2019, in July 2020 customs registered a decrease in the arrivals of foreign visitors of 69.0 % and a decrease of 63.8% in the departures abroad of the Romanian ...

Trade: GfK: Evolution of sales of technical consumer goods in Romania, in the context of the Covid-19 Crisis

Tuesday, September 8, 2020

The Romanian Consumer Goods (TCG) market, according to data audited by GfK Romania, continued the increasing trend in the second quarter of 2020. The increase in sales value was 5.2 % compared to the same period of 2019 and was determined by the growth of the IT , Office Equipment and Small Appliances sectors. In the context of the Covid-19 Crisis in the global TCG market, IT, Office Equipment and Small Appliances were the only sectors which ...

Real estate: Residential market in Transylvania goes through best moments in last 30 years

Tuesday, September 8, 2020

Cluj Napoca, Sibiu and Oradea, the largest three regional residential markets in Transylvania registered in 2019 new record commissionings with increases between 6% and over 95%, according to calculations of the real estate consulting company SVN Romania. The report shows that the most spectacular evolution was recorded in Oradea, where the level of houses commissioned in 2019 doubled compared to the previous year, to 2,161 housing ...

Infrastructure: Government to allot another 25 million RON to finish Brasov-Ghimbav International Airport

Tuesday, September 1, 2020

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The executive will allot this year another 25 million RON from the Reserve Fund of the Government to finish the central Brasov-Ghimbav International Airport, said Prime Minister Ludovic Orban, who was visiting the construction site."Additionally to the 50 million allotted through the state budget law for this investment objective, the Government will also allot during this year another 25 million from the Government's Reserve Fund, and, at the same time, next year ...

Passenger air transport registers 61.9% decrease in H1 2020

Tuesday, September 1, 2020

Passenger air transport registered a decrease of 61.9% in the first half of this year, from 10,709,300 passengers to 4,077,800 passengers, according to data centralised by the National Institute of Statistics (INS)The largest shares in terms of passenger transport were registered at the airports Henri Coanda-Bucharest, Avram Iancu-Cluj-Napoca and Traian Vuia-Timisoara.At Henri Coanda-Bucharest airport there were 1,317,100 boarded passengers and ...

Real Estate: JLL Romania: COVID-19 will impact each residential market segment differently

Tuesday, September 1, 2020

The impact of the Pandemic on the Romanian residential market will be different for each category of buyers, correlated with the sale price of the properties, the most affected being the segment that addresses buyers interested in properties with prices below 1,300 euro / sqm. This category represents the largest part of the offer of new homes in Bucharest, respectively 64 percent of the total. Under these conditions, government measures such as the ...

Skanska Romania will implement for the first time the virtual showcasing platform developed by Bright Spaces

Tuesday, September 1, 2020

PropTech Romanian startup Bright Spaces has recently signed an agreement with Skanska Romania and will implement its interactive 3D showcasing platform for Equilibrium, a project owned by the developer in Bucharest, Romania. The platform will go live in October 2020 for the first time in Romania, making a powerful statement given the current ...

AFI Europe has completed the takeover of NEPI Rocskcastle's office portfolio

Tuesday, September 1, 2020

AFI Europe NV has completed the purchase of four Class A office projects in Romania, formerly known as the NEPI Rockcastle’s office portfolio, following a transaction of EUR 294 million. Starting today, the four office projects will be part of AFI Europe Romania’s portfolio. The four office projects, located in Bucharest and Timisoara, have a total gross leasable area (GLA) of 118,500 sqm which are added to the existing office portfolio AFI ...

Almost 500,000 sq m of modern offices to be delivered in Bucharest and regional cities

Tuesday, September 1, 2020

The office market in Bucharest and in the major regional cities – Cluj-Napoca, Timisoara, Iasi and Brasov – continues to develop, with local and foreign investors having projects under construction or scheduled for delivery with an area of approximately 500,000 square meters that will be put into use in the next 16 months, according to Bucharest Office Market and Office Regional Cities Reports, conducted by the real estate consulting company Cushman & ...

Agriculture: Exports of meat, fish products total 75.4mln lei in first five months

Tuesday, September 1, 2020

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Romania's exports of meat and fish products totaled, in the first five months of the year, 75.4 million euros, being 1.4% higher compared to those in the same period of 2019, according to data centralized by the National Institute of Statistics (INS).Imports amounted to 103.1 million euros, 12.5% more than in January-May 2019, resulting in a deficit of 27.7 million euros.Exports of meat and fish products to European Union countries in the said period ...

State-aid scheme of 109.8 million lei for Romania's poultry farming amid Covid-19 pandemic

Tuesday, September 1, 2020

Losses sustained by Romania's poultry farmers March 1 - July 1, 2020 as part of an economic crisis generated by the Covid-19 pandemic will be compensated for under a state-aid scheme for poultry farming amounting to 109.8 million lei, the Ministry of Agriculture and Rural Development (MADR) reported on Friday.The aid amount is the lei equivalent of 100 euro /livestock unit, and the total value of the aid scheme is 109.8 million lei.Qualifying for the ...

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