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Drug market rises by 16% y/y to EUR 6.1 bln in 2023

Tuesday, February 6, 2024

Romania’s drug market measured at the level of distribution prices increased by 16% y/y to a total value of RON 29.96 billion (EUR 6.1 billion) in 2023, whereas it increased by 2.4% in volume terms to a total of 722 million boxes, according to a report of the consulting company Cegedim.   Out of this, the prescription drugs (Rx) sold by pharmacies were RON 18.21 billion (+20.5% y/y), non-prescription products sold by pharmacies totalled RON 7.49 ...

Real Estate: Cushman & Wakefield Echinox: 500,000 sq. m of new industrial and logistic spaces to be delivered in 2024

Tuesday, February 6, 2024

The modern stock of industrial and logistics spaces exceeded 7 million sq. m across the country at the end of 2023, almost 80% of the total stock being concentrated in 3 development regions – Bucharest – Ilfov, West and South-Muntenia. Projects with a total area of around 452,000 sq. m were delivered in Romania in 2023, corresponding to a 46% decrease compared with the previous year, a contraction which was caused by a reduced development activity on speculative basis, ...

Bright Spaces Launches A New 3D Solution For Leasing Logistic Spaces

Tuesday, February 6, 2024

Bright Spaces is launching into a new real estate vertical with its online 3D visualisation solution for industrial spaces. The technology company is already working with residential and commercial developers – office spaces, co-working, fit-out and architecture companies, across Europe.   Entering the logistics sector represents an important step in the digitalization of commercial real estate processes and in the standardisation of 3D ...

P3 Logistic Parks in 2023: more than 170,000 m² leased and an ideal customer mix

Tuesday, February 6, 2024

P3 Logistic Parks, a developer, owner, and manager of industrial European real estate concluded 2023 in Romania with transactions totalling more than 170,000 m² in P3 Bucharest A1 industrial park – P3’s highest activity volume recorded in recent years, in the Romanian market.   The client portfolio is its most diverse to date, featuring a strong mix of ideal tenants from sectors such as retail, logistics ...

Cars: Eurostat: Passenger cars per 1 000 inhabitants reached 560 in 2022

Tuesday, January 30, 2024

In 2022, the average number of passenger ...

Road tractors increased by 45.2% from 2012 to 2022 

Tuesday, January 30, 2024

In 2022, the average number of road tractors (to which semi-trailers are attached) per 1 000 inhabitants in the EU was 4.8, which was an increase of 45.2% from 2012 to 2022 (from 3.3 to 4.8), reflecting a high growth of freight road transportation.    When looking at the number of road tractors per 1 000 inhabitants, the Baltic and some central and eastern EU members dominated in 2022. The ...

EY Study: A quarter of consumers intend to buy vehicles online

Tuesday, January 30, 2024

A quarter of buyers (25%) intend to puchase cars online in the future, on the rise from 18% in 2021, according to a survey released on last Wednesday.According to the study Mobility Consumer Index, made by EY, the share of people who want to buy a car directly from dealers I still high (61%, against 54% as recorded three years ago.) 14% of respondents were undecided on making a purchase from adealer or ...

More than 42,000 electric cars registered in Romania

Tuesday, January 30, 2024

   More than 42,000 electric cars have been registered so far in Romania, of which about 16,800 in 2023 alone, 35% more than in 2022, according to an expert analysis published last Thursday.According to the index by one of the most important players in local electric mobility, there were about 5,000 charging stations for electrified vehicles available nationwide at the end of last year.The best month of the previous year for ...

Real Estate: In 2024, Deloitte predicts real estate companies will face financial challenges due to cyber risks, regulations, and interest rates

Tuesday, January 30, 2024

Financial results of commercial real estate companies (commercial spaces, business centers and offices, logistics premises) will be impacted this year mainly by cyber risks, climate-related regulatory actions and rising interest rates, according to Deloitte 2024 ...

Tourism: First Handwritten hotel to be open in Bucharest in 2025

Tuesday, January 30, 2024

Accor’s one-year-old brand Handwritten announced its first property in Romania. The leading hospitality group partnered with local company Tecadra Hotels SRL to extend the existing Tecadra Hotel and turn it into Tecadra Bucharest Handwritten Collection, set to welcome its first guests in September 2025.   The existing 4-star property is undergoing a complete makeover of the façade, internal ...

Agriculture : The latest Wine Map of Romania featuring over 230 wineries

Tuesday, January 30, 2024

CrameRomania.ro, the first bilingual online database of Romanian wineries, a project supporting Romanian wine and wine tourism, has launched the seventh updated edition of the Wine Map of Romania, a handy and useful tool for all those who want to discover Romania as a wine destination.   The Wine Map of Romania project aims to identify distinct areas in Romania, the main wine categories, the geography of the country, and ...

Infrastructure: Study: Modernization of maritime infrastructure vital for Constanta and Galati harbours

Tuesday, January 30, 2024

Constanta and Galati harbours can become important hubs and transit platforms, with major role in the trans-European transport network (TEN-T), by attracting new commercial flows through investments in modernization and digitization, according to a study made by the Naval Supervision Council (CSDN) within the Competition Council.   According to this source, CSDN analysed in the study, 44 relevant ...

Number of passengers who chose railway transport grew by 7.9% in the first 9 months of 2023

Tuesday, January 30, 2024

Railway passenger transport recorded, in the first 9 months of 2023, a 7.9% increase in the number of passengers and a 7.4% of their roadmap, compared to the same period of 2022, according to data centralized by the National Statistic Institute.   In the period of time analysed, road passenger transport represented 75.3% ot total, being followed by railway transport ...

5% more passengers transported by CFR Calatori in 2023

Tuesday, January 30, 2024

The number of passengers who chose railway as transport means in 2023 grew by 5% compared to the previous year, while the distance covered was by 5.8% higher, CFR Calatori announced.   According to the Public Service Contract, CFR Calatori ensured the circulation of 1,110 train daily, on the average.   CFR Calatori representatives say that ...

Agriculture: Cow's milk collected by processing plants in Romania, up 6.7pct in first 11 months of 2023

Tuesday, January 23, 2024

 In the first 11 months of 2023, Romania's dairy processing plants collected 1.11 million tonnes of cow's milk, up 6.7% y-o-y, show data published by the National Institute of Statistics (INS).The production of butter recorded the highest increase (+1.9%), while the production of soured milk (yogurt, drinkable yogurt, buttermilk and other similar dairy products) had the highest decrease (-4.9%).The amount of raw milk imported by the ...

Infrastructure : Almost 14.7 million passenger recorded in 2023 at the two airports based in Capital City Bucharest

Tuesday, January 23, 2024

Air traffic registered at the Henri Coanda International Airport Bucharest and Bucharest-Baneasa Aurel Vlaicu International Airport, in 2023, increased by 16.56% compared to the previous year, up to 14,698,845 passengers, according to data published on Tuesday by the Bucharest Airports National Company (CNAB).From the total number, 14,630,715 passengers were recorded at the Henri Coanda Airport (+16.11% compared to 2022), while the passenger traffic at the ...

Wizz Air to resume Tel Aviv service starting March 1

Tuesday, January 23, 2024

Starting March 1, 2024, Wizz Air will resume service to Tel Aviv from six European cities, Bucharest included, the budget airline said in a release on Wednesday.The frequency of flights from Bucharest, Budapest, Sofia, London, Krakow and Rome to Tel Aviv will be three times a week, and tickets are available on the company's website and via the dedicated mobile app, for prices starting from RON 99.Wizz Air, the fastest growing European low-cost ...

Passenger traffic at Romanian airports in 2023 advances 17pct

Tuesday, January 23, 2024

Almost 25 million passengers were recorded at Romanian airports in 2023, up 17% from 2022, according to the Association of Romanian Airports.As against 23.234 million in 2019, the advance is 6%."We are happy to note that passenger traffic in Romania has recovered strongly and exceeded the values recorded before the COVID-19 pandemic. By comparison, air traffic in Europe will probably reach the values of 2019 only at the end of this year. In ...

Cars:Dacia sells 46,124 vehicles in Romania in 2023

Tuesday, January 23, 2024

In 2023, the Dacia car manufacturer sold 46,124 vehicles in Romania, up 14.8% from 40,179 units in 2022, according to a Dacia press statement released on last Tuesday.In 2023, the top five best-selling car models in Romania were entirely occupied by the Dacia range.Topping the sales ranking by model was the Logan - with 14,269 units, up 25% from 2022. In second place is the Duster, with 10,908 units (10,161 vehicles, in 2022), and in the third ...

Electric cars end 2023 with market share of 24.4 pct of total sales in Romania

Tuesday, January 23, 2024

  New car registrations in Romania increased by 11.6% in 2023 compared to the previous year, with electric cars jumping 25.9% to a market share of 24.4%, according to data from the Directorate of Driving Licenses and Vehicle Registration (DRPCIV), processed by the Association of Automobile Manufacturers and Importers (APIA).According to the statistics published on Thursday, in the national market, in the top ten brands of passenger cars and ...

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