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New vehicle registrations advance 8.19pct in Romania ten months into 2022
Tuesday, November 8, 2022
New vehicle registrations in Romania in the first ten months of 2022 reached 105,817 units, up 8.19% y-o-y, according to data with the Driving Licence and Motor Vehicle Registration Directorate (DRPCIV), cited by the Romanian Automobile Manufacturers Association (ACAROM).In the category of new vehicles, registrations increased by 9.71% in October, y-o-y, to 10,541 units.According to the official data, new vehicle registrations in the first ten ...
Tourism: Jan - Sep arrivals in Romania's tourist accommodation establishments up 15.9 pct YoY
Tuesday, November 8, 2022
Arrivals in Romania's tourist accommodation establishments between January 1 and September 30, 2022 totaled 8.704 million, up 15.9 percent year-over-year, the National Institute of Statistics (INS) said in a release.Romanian tourists accounted for 86.6 percent of this figure. Overnight stays in tourist accommodation facilities in the first nine months of the year totaled 19.062 million, by 11.3 percent higher compared to the same period of 2021. ...
ANAT: Hotel tourism on Romanian Black Sea coast down by approximately 20% in 2022 compared to 2021
Tuesday, November 8, 2022
The Romanian Black Sea coast tourism decreased this year by approximately 20% compared to 2021 in terms of the number of tourists in hotels, and Mamaia recorded the largest decrease, of 25-30%, said the first vice-president of the National Association of Travel Agencies (ANAT), Alin Burcea, in Antalya, Turkey, to a group of Romanian journalists.According to him, it is the first time in 32 years that the number of tourists in the littoral hotels decreases, ...
Real Estate: More than EUR 4 Bln investments in the largest real estate developments in Romania
Tuesday, November 8, 2022
At the beginning of November, at the national level, large-scale real estate projects started in the first part or in the middle of the year are underway, and it worth a total of over EUR 4 billion according public data analyzed by ONV LAW. These are in various stages, some nearing completion or with delivery dates for the first half of 2023. Even if the real estate sector is going through a period with ...
One Floreasca Towers residential development receives the building permit
Tuesday, November 8, 2022
One United Properties, the leading green investor and developer of residential, mixed-use and office real estate in Romania, obtained the building permit for One Floreasca Towers, a premium development in the heart of Bucharest’s business district. The development that will host 208 residential units has a Gross Development Value of 61,8 million euros. The delivery is estimated for February ...
Cushman & Wakefield Echinox: Demand for logistics and industrial spaces at maximum levels
Tuesday, November 8, 2022
The demand for logistics and industrial spaces is close to registering a new record in 2022, a matter which is reflected in the vacancy rate, a rate of 4.3% (one of the lowest in the last decade) at the end of Q3, according to the Cushman & Wakefield Echinox real estate consultancy company. However, there are differences between the vacancy rates in the main logistics hubs in the country, the highest level being ...
Infrasructure: Trains operated by Romania’s railroad company totaled 6.6 years of delays in 2021
Tuesday, November 8, 2022
In 2021, passenger trains operated by CFR, Romania’s national railroad company, registered massive delays which, if they were to be added up, would equal roughly 3.5 million minutes, or 6 years and 6 ...
Cluj-Napoca airport to undergo EUR 43.6 mln modernization
Tuesday, November 8, 2022
Transport minister Sorin Grindeanu said on Wednesday, November 2, that the Avram Iancu International Airport of Cluj-Napoca would be upgraded under two projects worth a total of EUR 43.6 million. Both projects are financed through the European Regional Development Fund. Transport minister Sorin Grindeanu said on Wednesday, November 2, that the Avram Iancu International Airport of Cluj-Napoca would be ...
Healthcare: Law approving national cancer prevention and control plan promulgated
Tuesday, November 8, 2022
President Klaus Iohannis on Wednesday signed, during a ceremony held at the Cotroceni Palace, the decree on the promulgation of the law approving the national cancer prevention and control plan.The ceremony was attended by Prime Minister Nicolae Ciuca, initiators of the law and presidential advisors.According to the law, the plan is implemented for the period 2023 - 2030 and represents the main public policy document that underpins the measures ...
Trade: Romanians try to buy high quality products when paying by card
Tuesday, November 8, 2022
When in comes to paying by card, Romanian consumers try to buy high quality products (65%), followed closely by products offering benefits upon purchase, such as price cuts or gifts (43.3%) according to a study made by Cognition. According to the source, third place (39%) is held by products which benefited by a high level customer service, as main purchase ...
PayU: 15% increase in transactions number on Black Friday 2022
Tuesday, November 8, 2022
PayU, the leader in online payments in Romania, estimates that in this year’s edition of Black Friday, which will take place on November 11th, at the level of the e-commerce market, products and services worth approximately RON 510 million will be purchased and paid online, slightly above the value of the previous year. At the most important shopping event of the year, PayU estimates an increase of approximately 15% ...
Agriculture: Turnover of business enterprises in agriculture sector registers in 2021 highest growth in last 10 years
Tuesday, November 8, 2022
The turnover of business enterprises in the agriculture sector registered in 2021 the highest growth in the last 10 years, of over 30%, reaching the historical maximum of 58.1 billion RON in 2021, by 35% more than the value of 2017, according to a study carried out by KeysFin analysts.For 2022, KeysFin estimates the consolidation of the sector close to or even exceeding the record level reached in 2021, of 58 billion RON, on account of the inflationary ...
Telecom. IT : Three telecommunications operators submit applications for allocation of 5G frequencies
Tuesday, November 1, 2022
The National Communications Administration and Regulation Authority (ANCOM) received, by the October 27 deadline, three participation applications for the allocation of 555 MHz in the 700 MHz, 1500 MHz, 2600 MHz and 3400-3800 MHz frequency bands, informs the telecommunications market watchdog, in a press release sent on last Friday.The offers were sent by Orange Romania, RCS & RDS and Vodafone Romania.The auction commission will analyse the ...
Healthcare: Ethica Independent Pharmacies Association: Antibiotics for children are missing from the market
Tuesday, November 1, 2022
The Ethica Association of Independent Pharmacies drew attention, on Monday, to the lack of antibiotics on the market, especially those for children, and requested the authorities to solve this "serious" situation."With the start of school and the return of children to communities, superimposed on the cold season, acute respiratory infections are more and more common and the cruel reality is that we have nothing to treat children who need antibiotics. We are ...
Infrastructure: State border crossing point and border customs office to open at 'Brasov-Ghimbav' International Airport
Tuesday, November 1, 2022
Under a government decision approved on Friday, an international state border crossing point and a border customs office will open at the 'Brasov-Ghimbav' International Airport, a government release informs, also stating that both services will be available permanently."The opening of the international border crossing point and border customs office is a favorable measure for the development of the economy, the promotion of tourism and for ...
Real Estate: The real estate and construction sector in Romania has attracted FDI of around 12 billion euros in the last ten years
Tuesday, November 1, 2022
The real estate and construction sector has attracted around 12 billion euros of foreign direct investments (FDI) in the last ten years, as the share of this economic activity in the overall FDI stock increased to a level of 17.4% at the end of 2021, compared with 9.2% in 2012, according to data from the National Bank of Romania analyzed by the Cushman & Wakefield Echinox real estate consultancy ...
The first real estate company with Romanian-Ukrainian capital
Tuesday, November 1, 2022
The month of March this year changed the plans of the whole world, but especially of the Ukrainian people. According to the Border Police, more than 2 million Ukrainian citizens crossed the border with Romania. Most of them take shelter here during the conflict, however, just as many have made the decision to stay permanently in our country. Hundreds of thousands of Ukrainians rented properties at the beginning of spring and are now starting to invest in real estate, a ...
Trade: Over 25% market share for wines imported by Romania from Moldova
Tuesday, November 1, 2022
Wines from Moldova have a market share of imported wines in Romania of over 25%, and this share is estimated to grow by 4% every year, according to data of the National Wine and Vine Office (ONVV), released at the Varnishing of Moldovan Wine, organizedon Saturday and Sunday in Bucharest. According to the source mentioned, Romania is the main country where wines from Moldova are sold, before Poland and ...
Beer market in Romania dropped by 4% in first eight months
Tuesday, November 1, 2022
The beer market in Romania recorded, in the first eight months of 2022, a drop of 4% compared to the volume recorded in the same period of 2021. In the first 4 months the drop was even 10%, “Romania's Beer Makers Association”shows. Romania is the 8th market according to beer production at European level. The types of beer preferred by Romanians in the 8 months analyzed ...
Romanian retailers expect increase in sales between 60 and 200 pct on Black Friday 2022
Tuesday, November 1, 2022
Romanian retailers expect an increase in sales between 60% and 200%, at this year's edition of Black Friday, compared to a period without discounts, according to an analysis carried out by the White Image company, specialized in e-mail marketing."Truly speaking, the sale is not only made through discounts, but starts from the database, which has valid contacts, built according to numerous criteria that help to target customers as precisely as possible. ...