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Romania had in 2019 the lowest prices for food and non-alcoholic beverages in the European Union

Tuesday, June 30, 2020

In 2019, the year before COVID-19 containment measures began to be widely introduced by Member States, price levels for consumer goods and services differed widely in the European Union of 27 Member States (EU). Denmark (141% of the EU average) had the highest price level, followed by Ireland (134%), Luxembourg (131%), Finland (127%) and Sweden (121%). At the opposite end of the scale, the lowest price levels were found in Bulgaria (53%) and Romania ...

Real estate: Analysis: 30% of office area owners expect rent drops by end year

Tuesday, June 30, 2020

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30% of office area owners expect to have to drop rent levels by the end of the ongoing year or no later than in the first three months of next year, according to a recent study made by Colliers International, carried out among 60 office owners in Bucharest and regional cities. The study shows that the office market will have to be redefined in the  next period, with accent laid on turning offices into an area promoting innovation and collaboration in the new ...

Land and real estate purchases rising in May with fewer transactions than in 2019

Tuesday, June 30, 2020

Purchases of land and real estate increased in May at national level, but transactions are fewer than in the same period of last year, according to a press release of the National Agency for Cadastre and Real Estate Advertising. According to the source, 32,089 houses were sold in May 2020 in Romania, 5,068 more than in April, but the number of houses, lands and apartments sold in May was by 12,367 lower than in the same period of ...

Demand on Bucharest office market halves in Q1

Tuesday, June 30, 2020

The gross volume of office spaces rented during the first quarter (Q1) in Romania dropped to 55,000 square meters (sqm) - half the figures in Q4 and Q1 last year. As the supply strengthened, the vacancy rate on the office segment increased from 7.7% in Q4 2019 to 8.7% in Q1 this year. After a very good 2019, the pace was maintained in the first quarter, and the office buildings completed at the beginning of the year added 78,200 ...

Agriculture: PM Orban assures pork producers of Gov't's availability for measures to support fair farmers

Tuesday, June 23, 2020

On Thursday, Prime Minister Ludovic Orban gave assurances to representatives of the Pork Producers Association in Romania (APCPR) of the entire availability of the Government "for measures to support fair farmers who carry out their activity with the observance of the legal framework and biosecurity norms."According to a post of the Government's Facebook page, the discussions which took place at the Victoria Palace on Thursday, were aimed at this traditional ...

Agricultural products' state reserve should not be used as a market influencer

Tuesday, June 23, 2020

The state reserve of agricultural products should be used only for the purpose for which it was created, and when operations are necessary to change certain quantities of agricultural products from the state reserve, decisions should be taken in such a way that they do not influence the market, said the president of the Romanian Association of Agricultural Products Traders (ARCPA), Vasile Varvaroi, Wednesday night, at a meeting with the press."The state reserve is ...

Although consumption of regional products prevails, Romanian farmers have large stockpiles

Tuesday, June 23, 2020

Agriculture Minister Adrian Oros on Friday said that, although the emphasis in the case of consuming dairy, beef and poultry was on regional products, Romanian farmers have large stockpiles of the same products, and in Romania's case the proposed measures by the European Commission on private storage do no apply.According to a ministry statement, Oros made his statement during a videoconference with German counterpart Julia Klockner in the context of the upcoming ...

Exports of grain up 42.5pct, January - March 2020

Tuesday, June 23, 2020

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In Q 1 of 2020, Romania exported grains worth 822.4 million euro by 42.5 percent more compared to the same period of last year, according to data centralized by the National Institute of Statistics (INS). On the other hand, imports of grain and grain-based foods amounted to 167.6 million euro (plus 38 percent), resulting in a surplus of 654.8 million euro.Exports of wheat and meslin totaled 329.054 million euro, representing 40 percent of total grain exports, and ...

Romania to have special agency tasked with investigating environmental crimes, including illegal logging

Tuesday, June 23, 2020

The Senate passed on last Tuesday, June 16, the draft law on the establishment of the "DNA for forests" - a specialized agency tasked with investigating environmental crimes in Romania. The project, initiated by Save Romania Union (USR), will now go to president Klaus Iohannis for promulgation. Most senators (119) voted in favor of the bill on Tuesday, while 11 abstained from voting. USR said that the senators who decided to abstain from this vote ...

Romanian retailers no longer required to promote Made in Romania food products

Tuesday, June 23, 2020

Large retailers in Romania are no longer required to allocate distinct shelf space for locally made food products, according to a new law adopted by the Parliament at the end of March and promulgated by president Klaus Iohannis on April 1. The bill (Law 28/2020) also eliminated the obligation of large retailers to acquire at least 51% of the fresh food products they sell (meat, eggs, vegetables, fruits, honey, dairy, and bakery products) from local ...

Infrastructure : Wizz Air announces a new operational base in Bacau; 12 new routes as of October

Tuesday, June 23, 2020

Wizz Air, the low-cost carrier will earmark, as of 29 October 2020, two Airbus A320 aircraft on the airport in Bacau, where it will locate its 31st base and will launch from this location 12 new routes to six countries, a release of the airline company informs."This is the seventh base of the company in Romania and the second in the historic region of Moldavia in Romania, after the one in Iasi. The tickets for the new routes can already be booked on wizzair.com or ...

EU Court of Auditors: Romania is unlikely to have a full highway between Nadlac and Bucharest in 2030

Tuesday, June 23, 2020

A report drafted by the European Court of Auditors (ECA) highlights the significant delays in several major infrastructure projects in the European Union (EU), including the A1 highway in Romania. The motorway, which should connect the capital Bucharest to Romania’s western border, is unlikely to be completed by 2030, according to the report, quoted ...

Cars: Eurostat: Romania has fewest cars per 1,000 inhabitants in EU

Tuesday, June 23, 2020

Romania has the lowest motorization rate among the European Union countries, with 332 passenger cars per thousand inhabitants as of 2018, according to data published by the European Statistical Office - Eurostat. Luxembourg had the highest rate, 676 cars per thousand inhabitants, mainly due to cross-border employees who use the vehicles of companies registered in this country. Italy is next (with 646 cars), followed by Cyprus and Finland (both with 629 ...

Romania's sales of new eco cars down almost 1pct, in first five months of 2020

Tuesday, June 23, 2020

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Romania's sales of new eco cars reached 2,223 units in the first five months of the year, decreasing by 0.80 percent against the same period of 2019, according to the data of the Automotive Manufacturers and Importers Association (APIA).According to the official data, the share of electric and hybrid cars in the total domestic market stands at 5.7 percent, over the level of the similar interval of 2019, when it stood at 3.9 percent.Between January and ...

APIA: 3 pct drop of the auto market in Romania, at five months

Tuesday, June 23, 2020

The automarket in Romania has recorded a drop of 33 pct in the first five months of the year, over the same period of 2019, although at the level of May, through the 8,609 vehicles registered (of which 7,067 cars), a 63.4 pct increase was recorded month-over-month, the analysis published on Monday by the Automotive Manufacturers and Importers Association (APIA) says.According to the statistic, in the January - May 2020 interval, the general rankings on brands ...

Turnover in commerce with vehicles and motorcycles drops 14.7 pct in first 4 months

Tuesday, June 23, 2020

The volume of turnover in vehicle and motorcycle commerce has dropped as gross series by 14.7 pct in the first four months of the current year, compared to the similar period of 2019, the volume of turnover for market services rendered to the population also dropping by 25.4 pct, according to data published on Monday by the National Statistics Institute (INS).Thus, in the mentioned period, the volume of turnover in the retail and wholesale, maintenance and repair ...

Telecom. IT: Romania's internet and data traffic 26 pct up during state of emergency

Tuesday, June 23, 2020

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Romania's internet and data traffic during the state of emergency was on average 26 percent higher compared to the 60 days before the imposition of the restrictions, shows data of the National Communications Administration and Regulation Authority (ANCOM) released on Monday.The specialist analysis shows that during the reporting period traffic on fixed networks increased by 30 percent, mobile network traffic was 5 percent up, while growth in voice traffic was 11 ...

Trade: Online fashion sales in RO to jump from 10% to 25% of total market, post-COVID

Tuesday, June 23, 2020

Customer migration from physical to online retail in the fashion segment has accelerated exponentially during the pandemic and the current crisis. Online sales could thus reach a quarter of the whole fashion market in 2021 from 10% before COVID-19, estimates Robert Berza, CEO of Fashion Days - the fashion arm of local online retailer eMAG. "In China and Germany, we see that a month and a half after the malls' opening, the ...

Tourism : Romanian hotels could recover this autumn; occupancy rates of 50-60% at year-end

Tuesday, June 23, 2020

Romania's hotels could start to recover in the autumn if it restarts during the holiday season, with occupancy rates being estimated at 50% -60% at the end of this year for hotels operated by leading brands, according to a specialist analysis."The hotel industry continues to remain attractive for developers and investors, despite uncertainties in the following period. Strongly affected by the coronavirus generated crisis, many hotel operators are counting on ...

Dentotal opens ibis Styles hotel in Bucharest

Tuesday, June 23, 2020

Romanian group Dentotal, controlled by the Dogariu family, opened, on June 22, a hotel under ibis Styles label, located in downtown Bucharest on Stirbei Voda street. The hotel required an investment of EUR 10 million. This is the group's second project in the hotel sector, after Mercure Bucharest City Center. Ibis Styles is a budget hotel brand focused on in-style stays and owned by French group ...

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