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Agriculture: The unstable weather of this year reduces the production of honey by almost 30%

Tuesday, August 21, 2018

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The unstable weather of this year reduces the honey production to 60-70% of what is produced in a good year with values of 25,000 – 27,000 tons, but the price of the honey will not grow,says the chairman of the Association of Beekeepers Romania (ACA) Ioan Fetea.‘It was an easy, warm winter which led to the increase of the consumption of food and as the temperatures are high the bees started their activity sooner. This meant some efforts and ...

Germany buys Romanian wheat due to severe crop drop

Tuesday, August 21, 2018

Germany, European Union’s second largest exporter, has begun to buy wheat from Romania as the winter wheat crop is expected to fall 20 percent on the year, according to traders cited by Reuters, http://business-review.eu informs. “Germany is usually one of the EU’s biggest wheat exporters but will swing to an importer this season especially for animal feed,” a German trader ...

Romanian company invents organic fertilizer in effervescent tablet form

Tuesday, August 21, 2018

A Romanian producer has invented an organic fertilizer that comes in the form of effervescent tablets using BioChain technology, http://business-review.eu reports. Initially, the product that may revolutionize organic agriculture will target markets in Romania, Spain and Croatia. The tablet was created in collaboration with researchers in the UK, Croatia, Hungary and Lithuania. The new product uses BioChain technology, which ...

Trade: Statistics: The wholesale turnover in June 2018 

Tuesday, August 21, 2018

As against the previous month, in June 2018 the wholesale turnover (excluding the trade with motor vehicles and motorcycles), in nominal terms, decreased both as gross series by 2.0% and as adjusted series according to the number of working days and to ...

Eurostat: Romania has the third cheapest meat in EU

Tuesday, August 21, 2018

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Romania recorded the third lowest price level of meat in the European Union in 2017, 40.8 percent below the European Union average, according to data released by Eurostat quoted by http://business-review.eu. The lowest meat prices were recorded in Poland, with 43.3 percent below the European average, and in Bulgaria with 41.8 percent below the EU ...

Romania in top 10 EU ice cream producers

Tuesday, August 21, 2018

Romania is currently the ninth ice cream producer in the European Union, with an annual production of 46.87 million litres, http://business-review.eu informs. Romania’s market, which, experts say, is underdeveloped and fragmented, due to the fact that 90 percent of consumption takes place in summer, is dominated by global ...

Real Estate: A new residential neighbourhood that can accommodate 120,000 people în Cluj-Napoca

Tuesday, August 21, 2018

The Cluj-Napoca City Hall is preparing to develop a new neighborhood in the city, in the Colonia Sopor area. Local authorities have decided on a 24-hectare area to become a giant residential zone with more than 120,000 inhabitants. Around 1,600 homes were built in the city during the first half of the year – the second highest building rate in the country after the Bucharest-Ilfov area. At the time of completion, the ...

Demand for industrial and logistics cut in half in H1 2018

Tuesday, August 21, 2018

At the end of H1 2018, demand for industrial & logistics spaces in Romania was of approximately 120,000 sqm, less than a half of the figures available for the first semester of 2017 of around 320,000 sqm, and represented mainly by net take-up, with very few renewals and renegotiations recorded. The decrease of the demand is probably caused by the slower growth of consumption, and the slower pace of developments of logistics projects, annalists ...

Residential market might reach nine million homes in 2018

Tuesday, August 21, 2018

In the last ten years in Romania around 500,000 homes were built, most of them – 67,255 – in 2008. In the recent past, after the economy recovered, 2017 was the year with the most homes built – around 53,300. Important changes have appeared in the structure of the housing market, including for aspects like the surface and the number of rooms. Even if the market grew, the comfort level offered, at least in terms of surface, dropped. ...

Infrastructure : Romania has 4,250 bridges, 717 of them are in a lower technical class

Tuesday, August 21, 2018

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After several wagons of a freight train fell off a viaduct that broke apart in the town of Carcea in Dolj county, the National Company for Road Infrastructure Administration (CNAIR) said that of the 4,250 bridges on the Romanian National Roads network, only 37 are in technical class 5, and most of them are located on secondary roads, taken in the past by local authorities. Also, 680 bridges are in technical class 4 acording to ...

Tourism: Eurostat: tourist accommodation sector continues growing in terms of nights spent

Tuesday, August 21, 2018

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Following an increase of 4.2 % in 2015, the number of nights spent in tourist accommodation in the EU continued to grow in 2016, by 3.0 %, reaching nearly 2.9 billion nights . These figures are published by Eurostat, the statistical office of the European Union. More than two out of three of these nights were spent in five Member States: Spain (16 %) , France (14 %), Italy (14 %), Germany (14 %) and ...

Apex Alliance invests EUR 90 million in four hotels in Bucharest

Tuesday, August 21, 2018

The Lithuanian Apex Alliance, which owns the Hilton Garden Inn in the old center of Bucharest, will invest EUR 9 million in another four hotels on the Romanian market. The hotels will be operate under brands like Marriot Internatioal Hotels and Hilton World Wide Hotels. The Lithuanians brings two new brands to the market, such as Moxy and Autograph, both in the Marriott portfolio. The four hotels ...

Cars: Ford EcoSport sales put Craiova’s SUV on fifth place in Europe

Tuesday, August 14, 2018

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Ford EcoSport, the SUV produced in Craiova, has managed to surpass the sales of Opel Mokka, one of the few B segment SUVs that provide 4×4 traction and recorded sales of 11,845 units in June and more than 55,000 in the first six months, according to Jato Dynamics data, http://business-review.eu informs. The Craiova produced Ford SUV reached fifth place in the European B-SUV ...

The new  registrations of  road  vehicles  in  the  second  quarter of 2018  

Tuesday, August 14, 2018

The new registrations of road vehicles for passenger transport decreased by 1.5% in the second quarter of 2018 compared to the second quarter of 2017. In  the  same  period,  the  new  registrations  of  vehicles  for  goods  transport  increased  ...

Retail business with motor vehicles and motorcycles up by 9 percent in first six months

Tuesday, August 14, 2018

The turnover of trade, maintenance and repairing of motor vehicles and motorcycles, raw series, went up by 9 pct during the first 6 months of this year, due to growth increased in the trade of motorcycles, components and accessories, motorcycle maintenance and repair (22.4 pct), vehicle trade (17.4 pct) and activities that came from the commerce of components and parts for motor vehicles (2.7 pct), according to the data published Monday by the National Institute of Statistics ...

Real Estate: C&W Echinox study: Retail deliveries will return to a positive trend in H2 2018

Tuesday, August 14, 2018

Retail deliveries will return to a positive trend in the second half of 2018, when at least 90,000 square meters will be delivered in four cities, with no openings scheduled for Bucharest, according to H1 Romania Retail MarketBeat, conducted by the Cushman & Wakefield Echinox real estate consultancy firm, romaniajournal.ro reads. In H1 2018, new spaces of 14,000 square meters in total were delivered via the openings of Bistrita Retail Park and ...

Romanian university city with the biggest rent hike in the past year

Tuesday, August 14, 2018

The most significant annual increases of rents were recorded in Cluj Napoca, which exceeds Capital in terms of average rent levels, http://business-review.eu reads. In Bucharest, on the other hand, price variations were significantly more moderate, rents of two- and three-room dwellings are similar to those in 2017. But all the prices align themselves to the closing of the university year. In the university ...

44,430 real estate transactions recorded in Romania, in July

Tuesday, August 14, 2018

 The number of real estate transactions, nationwide, dropped by 17 percent during the month of July 2018, as opposed to the similar period of 2017, to 44,430, according to the data of the National Cadastre and Property Advertising Agency (ANCPI).The most real estate sales that were recorded during the month of July 2018 were in Bucharest - 6,815, Ilfov County - 3,285 and Timis County - 2,712. The counties with the least real estate sales in the same period of ...

Cluj-Napoca, Timisoara and Constanta - largest regional residential markets in Romania

Tuesday, August 14, 2018

Cluj-Napoca, Timisoara and Constanta are the largest residential residential markets in Romania, the classification being completed by Sibiu, Iasi and Brasov, according to a relevant survey sent on Monday.Constanta became in 2017 the third-largest regional residential market in Romania, where more than 3,000 dwellings are finished annually.The seaside city thus joins the city of Cluj-Napoca (5,403 dwellings finalised), the largest residential market ...

Agriculture: Over 12 million cubic metres of wood, harvested last year from national forest fund

Tuesday, August 14, 2018

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The volume of wood harvested last year from the state's forest national fund amounted to 12.284 million cubic metres, according to data centralised by the National Institute of Statistics (INS). In 2017, 18.316 million cubic metres of wood were harvested, by 1.118 million cm more than in 2016, of which 67.1 pct from the national forest fund, the rest being harvested from private property forests (27.6 pct) and from the forest vegetation on land outside the ...

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