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Trade: GfK TEMAX : Romanian durable goods market, up 14pct to 814 mln euro in Q3

Tuesday, December 4, 2018


The Romanian durable goods market rose by 14pct in the third quarter of 2018 compared to the same period of last year, having reached 814 million euro, the growth engines being the telecom sector, which posted a 19pct rise and office equipment, by 17pct, according to GfK TEMAX findings for Romania in Q3 2018.On the other hand, the photo sector continues its downward trend, losing 10pct of its value from July-September 2017.Analyzing the relevant market's ...

Study: Trade supports over 36 million jobs across the EU

Tuesday, December 4, 2018

Two new studies published last Tuesday by the European Commission highlight the increasing importance of EU exports for job opportunities in Europe and beyond. EU exports to the world are more important than ever, supporting 36 million jobs across Europe, two thirds more than in 2000. 14 million of these jobs are held by women. In addition, EU exports to the world generate €2.3 trillion of value added in the EU. Since the ...

Eurostat: Romanians rank last in online purchases at EU level, in 2017

Tuesday, December 4, 2018

Only 23 per cent of the Internet users in Romania made online purchases in 2017, compared with an average of 68 per cent in the European Union, shows the data released on Monday by the Eurostat.The champions of online acquisitions are the Internet users from the UK (86 per cent), Sweden (84 per cent), Denmark, Germany, Luxembourg and the Netherlands (each 82 per cent). The lowest levels when it comes to online purchases were recorded in Romania (23 per cent), ...

Cars: Eurostat: Almost one in three Romanians cannot afford a car

Tuesday, December 4, 2018


In 2017, 7.0% of the EU population could not afford a car. More than 1 in 5 people could not afford a car in Romania (29.8%), Bulgaria (20.6%) and Hungary (20.1%). At the opposite end of the scale, the lowest percentage of people unable to afford a car were in Cyprus and Malta (both 1.7% of total population), followed by Luxembourg (2.2%), Italy and France (both 2.7%), Eurostat informed on Sunday. In regard to Romania, the trend is however downwards ...

Tourism : ibis signs management contract for ibis Politehnica Hotel with Novum Business Services

Tuesday, December 4, 2018

Orbis Hotel Group, strategic partner of AccorHotels in Eastern Europe, has signed a management contract for ibis Politehnica Hotel in Bucharest, scheduled to open in Q3 2020, with its partner and investor Novum Business Services, http://business-review.eu reports. “ibis is the world-leading economy brand that perfectly fits this location because it’s close – on the ...

Infrastructure: Control corps of transport minister: possible prejudice of over 19 million lei at CFR Marfa

Tuesday, November 27, 2018

The Control corps of the transport minister discovered a possible prejudice of over 19 million lei at CFR Marfa following a tender for coal transport. Competent bodies will evaluate whether there was a prejudice for CFR Marfa. The company participated in a tender organised by Oltenia Energy Complex for coal transport. The tender commission presented a single offer although it could make several offers in the interest of the ...

Over 188 million lei, additional costs for Metrorex, for Metro Line 5

Tuesday, November 27, 2018

The Control Body of Transport Minister Lucian Sova found, upon a control conducted August 22-31, 2018, that there are deficiencies in the implementation of the Metro 5 line, that led to delays in carrying out the contract, but also additional costs for Metrorex of over 188 million lei, according to a press release sent by the Ministry of Transport. The Control Body carried out checks at Metrorex aimed at the compliance with the legal and ...

Tarom to introduce flights from Oradea to Milan and Barcelona next spring

Tuesday, November 27, 2018


Starting in March 2019, Tarom will operate flights from Oradea to Milan (Bergamo) and Barcelona (El Prat) and return routes. The company will start selling tickets for both routes on December 15, 2018. The main reason why flight operations can only start in March next year is the length of the procedure to obtain slots for the two new routes. ”We are marking the ...

Telecom.IT: PwC: Romania last in EU for digitalization

Tuesday, November 27, 2018


Romania ranks last in EU for the digitalization of economy and society, said Dorian Farkas, senior manager financial consulting at PwC Romania, at a specialised conference on Wednesday. He presented results of three stages carried out on this topic at world level, Romania ranking last in EU for each of them. “All these studies take into account the human factor and the way in which countries use and adopt digital ...

Eurostat: Romanians rank last in the EU on smart TV use

Tuesday, November 27, 2018

Romania registers the lowest use of smart TVs among the 28 European Union member states for watching internet streamed TV or other video content, Eurostat data show. In 2016, only 3 percent of Romanians streamed TV or other video content on a smart TV. Other nations that register a low use of smart TVs are Greece (3 percent), Poland, Italy and Bulgaria (all 4 percent). “Streaming TV or watching other video content (on ...

Trade: Sales on Black Friday up by 30% this year as against 2017

Tuesday, November 27, 2018

Black Friday shopping event this year has reported a 30 percent increase as against 2017, the Online Stores Association informed, quoted by romaniajournal.ro. Over 5,000 online shops had Black Friday discounts. Most of the sales have been registered on home products, small household appliances, personal care and fashion items, TVs, phones, tyre tracks, toys. Over 70% of the shoppers have chosen for delivery by courier, while 30% ...

Real estate: 53,000 housing units sold in October, 10,000 more than in September

Tuesday, November 27, 2018


52,838 houses and apartments were sold at national level in October, 10,316 more than in September and 9,025 less than in the same period of 2017, according to data of the National Agency for Cadastre and Real Estate Advertising. (ANCPI). Most sale-purchase operations were recorded in October in Bucharest - 8,453, Ilfov county - 4,060 and Timis county - 3,119. Counties with fewer real estate sales were Gorj- 395, Alba - 334 and ...

Real estate market in Romania on the verge of crash?

Tuesday, November 27, 2018

2019 could bring a new real estate crash, specialists warn, arguing the market is already giving signs that the house sales have dropped dramatically in several cities, just like in 2008, romaniajournal.ro informs. Moreover, experts argue that the tighter credit conditions are meant to scare Romanians even more and make them give up the plan to buy a house in installments. In October this year, less over 52,000 houses have been ...

Real estate transactions in Romania at half compared to Hungary

Tuesday, November 27, 2018

The real estate market has been relatively stable since 2014, with an EUR 750 -850 million total transactions value per year, http://business-review.eu informs. The amount is half of the total transactions finalised in  Hungary, and a third of the ones reported in the Czech Republic, according to Andrei Vacaru, head of capital markets at real estate consultancy company JLL. Except for the Bridge ...

Healthcare: Eurostat: 1 in 4 deaths in the EU are due to cancer

Tuesday, November 27, 2018

In 2015, 1.3 million people died from cancer in the European Union (EU), which equated to more than one quarter (25.4 %) of the total number of deaths. Among the EU Member States, the share of the total number of deaths which were due to cancer in 2015 exceeded 30.0 % in the Netherlands and Slovenia. In contrast, less than one fifth of all deaths in Bulgaria and Romania were caused by cancer. At the EU level cancer ...

Agriculture: European Commission approves new protected name for Romanian wine

Tuesday, November 27, 2018


The European Commission approved on Wednesday the registration of the Romanian wine “Insuratei” in the European Product Register of products with “protected origin name”, a press release of the European Executive shows. “Insuratei” wines can be white, red or rose. Grapes must be grown in Braila county, in the Eastern part of Romania and the wine produced in the same ...

Cars: APIA: Sales of new vehicles grew by 20%, in the first 10 months

Tuesday, November 27, 2018


The automobile market in Romania has grown by over 20% in the first ten months of the year, compared to the same period of 2017, to 153,105 new units, according to APIA data. According to the source, vehicle purchases are mainly made by companies, covering 61% of total car purchases recorded in the last 10 months of 2018. At the same time, APIA points out that the number of cars bought by persons is  50,769 units, about 35.5% higher than in the ...

Real Estate: Most CEE investors prefer the office market, but industrial and logistics spaces gain popularity

Tuesday, November 20, 2018


Romania has remained an attractive real estate market for new or existing investors in Central and Eastern Europe (CEE) region, boosted by rising purchasing power and dominated by retail and office space, according to the KPMG Barometer on Real Estate Lending quoted by http://business-review.eu. ”We are seeing a note of optimism in Europe regarding real estate financing projects, which is also found on the Romanian market. This is reflected in ...

EU Faces Affordable Housing Crisis Excluding Young People From Top-Quality Job Opportunities, Says World Bank

Tuesday, November 20, 2018

Inflated house prices and high rents in major cities are damaging the employment prospects for millions of young workers across the European Union, says a new World Bank report. Living and Leaving: Housing, Mobility and Welfare in the European ...

Trade: Study: Half of Romanians choose to buy “Made in Romania” products

Tuesday, November 20, 2018

Half of Romanians (51 percent) choose to buy Romanian products on regular basis, their local preferred products being dairy, meat, fruits and vegetables, a new study suggests. In general, 96 percent of Romanian consumers buy Romanian products often or rarely, 51 percent often buy local products, while 29 percent are always looking for locally produced goods, according to MKOR study conducted in September-October 2018 on 1,067 ...

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