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Gov't passes de minimis aid scheme for promoting Romanian wines abroad

Tuesday, September 4, 2018

The Government approved on Wednesday the establishment of a de minimis aid scheme for the promotion of Romanian wines in third countries, governmental spokesman Nelu Barbu said Wednesday."At the proposal of the Ministry of Agriculture and Rural Development, a de minimis aid scheme has been introduced for the promotion of Romanian wines in third countries. In order to help wine growers and in an attempt to increase the attractiveness of the promotion measure under ...

Trade: Consumer goods market, up 8.4 percent in first semester of 2018 (survey)

Tuesday, September 4, 2018

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The consumer goods market recorded a 8.4pct boost in the first half of this year as compared to the same period in 2017, the increase coming equally from inflation (+ 4pct), twice as compared to the first half of last year, according to Eurostat), as well as by the increase in purchased amounts, according to a study sent on last Thursday.From the point of view of the purchasing behavior, families in Romania have purchased more often consumer household goods and ...

Local smartphone market up 40 pct in H1; average selling price 200 euro per device

Tuesday, September 4, 2018

The local smartphone market increased by approximately 40 percent in H1 2018 from the same period of 2017, with smartphones selling for an average price of EUR 200-plus, shows a specialist survey by Avenir Telecom released on Thursday. "Customers began seeking higher-value phones, showing a preference for the manufacturers' flagship products. The operators' offers helped tip the scales in making the purchase decision, as did the retailers' aggressive offline ...

Telecom : Fixed and mobile phone suppliers compelled to allow access to their infrastructure

Tuesday, August 28, 2018

Fixed and mobile phone suppliers with significant power in the local market will have to allow access for the use of specific elements of the associated network and infrastructure and apply, as of May 1,2019,  equivalent interconnection conditions to all persons requesting or benefiting from interconnection, according to an ANCOM decision draft, submitted to public debate on the institution website. According to the source, the 36 fixed telephone ...

Trade : Romania imported food for 3.3 billion euros in semester 1, 2018

Tuesday, August 28, 2018

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In the first semester of 2018, Romania’s imports totalled 40.2 billion euros, of which 8.2% were food imports - 3.3 billion euros. This amount has not been mentioned after 1989 and is double the amount recorded in 2008, official statistics show. Data communicated by the National Statistics Institute (INS) show that Romania’s food exports in the first half of 2018 were only 2.2 billion euros, with a trade deficit of 1.08 billion euros, ...

Products of strict need more expensive between June 2017-June 2018

Tuesday, August 28, 2018

Prices of products and services of close necessity, such as basic food, fuel, energy or transport and cable-telephone-TV subscriptions went up mostly over June 2017- June 2018, statistics show. Inflation was 5.4% in June and seems to have been lower against the real evolutions of living costs, while prices of close necessity products went up even more. For instance, electricity costs went up by 16.9%, natural gas by 10%, fuel 17.4%, cigarettes 7.2%, ...

GfK Temax: Household goods market grows by 19% in H1

Tuesday, August 28, 2018

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The household goods market in Romania exceeded 1.4 billion euros in the first semester of the year, on the rise by 18,9% against the same period of 2017, according to the GfK Temax study released on Monday. The telecommunication segment recorded sales of 627 million lei, 35.9% more than in s.1, 2017. Smart phones with 5.6 inch diagonal and products from the highest  price class recorded values two times higher than in s1, 2017. Dual sim phones ...

Imported meat and meat products worth 340.3 million euros, in the first five months of 2018

Tuesday, August 28, 2018

Romania imported meat and meat products worth 340.3 million euros, in the first five months of 2018, up 14.2 per cent compared with the same period last year, according to data centralized by the National Institute of Statistics (INS).In exchange, exports of meat and meat products were almost two fold smaller than imports, accounting for 171.9 million euros, although they recorded a 2.4 growth in the first five months of this year, compared with the same interval ...

Pegas out on the European market by listing on five Amazon platforms

Tuesday, August 28, 2018

Pegas, the bike brand re-launched by entrepreneur Andrei Botescu, will come out on the European market by listing on five Amazon platform markets in Spain, France, Germany, Italy and the UK, the next step being to enter the US market, romaniajournal.ro reports. “Besides the local partners in Italy, Luxembourg, Germany, Great Britain, Sweden and Poland, Amazon provides access to the entire European market, and the implementation of a successful ...

Romania’s soft drinks market heads to EUR 1.29 billion

Tuesday, August 28, 2018

The soft drinks market in Romania is heading to RON 6 billion (EUR 1.29 billion) this year after having grown by 24% in the last five years, according to an analysis by financial consultancy firm KeysFin. The KeysFin analysts also expect the combined profits in this sector to reach RON 844 million (EUR 181 million). The market has seen a faster increase between 2015 and 2018, due to massive advertising investments and higher ...

Bucharest has over 50 wine bars and shops, Timisoara and Cluj fall in its footsteps

Tuesday, August 28, 2018

Bucharest has over 50 wine bars and shops, with between two and three popping up every year, a survey by Revino.ro shows. Up-and-coming cities such as Timisoara and Cluj are coming close in terms of growth, after many such venues opened in the past years.  The growing number of wine bars and shops shows that the local public is increasingly more educated and interested in wines, especially in Romanian wines, the survey’s authors say. In ...

Romania running 138.5 ml lei surplus in five-month international footwear trade

Tuesday, August 28, 2018

Romania's Jan - May international footwear trade was running a surplus of 138.5 million euro, shows data centralized by the National Institute of Statistics.Jan - May 2018 footwear exports amounted to 536 ml euro, 9.6 pct lower compared to the similar period of the previous year, while imports totaled 397.5 ml euro (up 4.2 pct).FOB exports in the first five months of this year totaled 28.092 bln euro and were 8.8 pct higher compared to the similar ...

Infrastructure : Tarom resumes Bucharest-Baia Mare flights

Tuesday, August 28, 2018

Tarom, the flag carrier and oldest currently operating airline in Romania, resumed Bucharest-Baia Mare flights and introduced two flights per week, http://business-review.eu informs. The route will operate starting 6 September. The company made the announcement via its official Facebook account. ...

Cars: Registration authority: 75,000 new cars registered over Jan - July 2018

Tuesday, August 28, 2018

Approximately 75,300 new cars were registered in Romania over January - July 2018, up 33 percent from the same period of 2017, while used car registrations over the same period dropped 6.87 percent to 274,195 units, shows data released by the Driving Licenses and Vehicle Registration Department (DRPCIV).According to the cited source, Dacia tops the brands' ranking by the number of registrations this July, with 4,808 units (+41.45 pct from July 2017), followed by ...

Car market in Romania, almost 24 percent rise, in first seven months

Tuesday, August 28, 2018

 The total sales of new automobiles have gone up, during the first seven months of the year, by 23.8 percent, to 105,686 units, in comparison with the reference period of 2017, according to the Automotive Manufactures and Importers Association (APIA) data, published on Tuesday.Legal persons are the ones who support the auto sales in Romania (63 percent of total acquisitions of cars made during first 7 months), but also purchases made by individuals have gone ...

Eco cars sales double in Romania January-July, up to 2.5 pct of total market

Tuesday, August 28, 2018

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Sales of eco-friendly cars have reached 2.5 per cent of the total market in January through July this year, which is a significant increase against the same period last year, with the total number of units sold 2,293, almost double compared with the reference interval, informs the Automotive Manufacturers and Importers Association (APIA).According to statistics, out of the total number of units sold in January-July, 1,754 units were plug-in hybrid cars (54.5 per ...

Tourism : Eurostat: Latvians, Romanians spend the least on their holidays in EU

Tuesday, August 28, 2018

On average in the EU, residents spent around 336 euros per holiday trip in 2016, with Latvians and Romanians having spent the least: 107.62 euros and 124.76 euros, respectively, according to data released by Eurostat on Monday.Luxembourgish residents spent the most per holiday trip (around 768 euros) in 2016, followed by residents of Malta (around 646 euros) and Austria (around 607 euros).According to Eurostat, Cypriot residents spent more on their ...

Demand for "Seaside for Everyone" programme up 140pct due to holiday tickets

Tuesday, August 28, 2018

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The demand for sojourns that are part of the programme "Seaside for Everyone" carried out in September is higher by 140 per cent this year compared with last year, due to the holiday tickets, with the number of tourists increasing 2.5 folds, Lucia Morariu, head of one of the tour operators members of the National Association of Tour Operations (ANAT) said."The holiday tickets are, of course, the main factor that generated the growth in the number of seaside ...

Mercure Sibiu Airport to open in the first quarter of 2019

Tuesday, August 28, 2018

Orbis Hotel Group has announced the signing of a franchise agreement for a Mercure hotel in Sibiu that will launch in early 2019, http://business-review.eu informs. The hotel is situated near the airport and very close to the industrial zone of Sibiu. Following its renovation, the existing Ana Airport Hotel will join the international Mercure network in the first quarter of next year, offering 85 rooms, bar, ...

Real Estate: One United Properties buys EUR 18 mln land in Floreasca from Telekom Romania

Tuesday, August 28, 2018

Telekom Romania said that it sold a two land plots to real estate developer One United Properties in a deal worth more than EUR 18 million, http://business-review.eu informs. The two pieces of land located in Floreasca area cover 24,786 square meters and 1,053 sqm, respectively. The land has an opening of around 120 meters at Lake Floreasca. The land auction was launched in February 2018 ...

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