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Economic

Real estate: Expert: We estimate stagnation of prices and demand in Bucharest

Tuesday, October 2, 2018

Apartment prices in Bucharest are now 40% lower than before the economic crisis, Adrian Stanescu, project manager of Imobiliarium Fair declared for News.ro. The fourth edition of Imobiliarium will be held between October 12 and 14, in Bucharest. The edition will host 62 developers presenting and offer of 88 residential ensembles. Stanescu estimates a price and demand stagnation in the Capital in the future and an increase of smart homes and extension ...

Land area to develop 8,000 dwellings and 180,000 sqm of offices traded in Bucharest during the first 9 months of the year

Tuesday, October 2, 2018

Land in Bucharest continued to attract the interest of real estate developers this year, considering that in the first nine months of 2018, lots with a cumulated surface of over 60 hectares on which around 8,000 dwellings, 180,000 square meters of offices as well as commercial spaces can be developed, according to an analysis of Cushman & Wakefield Echinox, romaniajournal.ro informs . Cushman & Wakefield Echinox monitored 24 medium and large ...

Agriculture : The productive potential of fruit crops and vineyards meant for table grape production, in 2017

Tuesday, October 2, 2018

 • In 2017, compared to 2012, the areas cultivated with apple trees increased by 7.5%, the ones with pear trees by 0.4% and the areas cultivated with vines for table grapes increased by 2.5%; • The areas cultivated with apricot and peach trees decreased by 12.9% and by 3.8%, respectively. Fruit growing is a traditional activity in our country and holds an important place in the agricultural ...

Healthcare: Cardiovascular diseases - main death cause in Romania

Tuesday, October 2, 2018

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In Romania, cardiovascular diseases represent the main death cause, with about 60% of total deaths recorded at national level, that is  three times more than deaths produced by cancer. Moreover, death caused by cardiovascular diseases is the main cause why life expectancy in Romania is by ten years shorter than in EU, said Dragos Vinereanu, the president of the Romanian Cardiology Society. He pointed out that the situation is closely linked to ...

21.64% of deaths in Romania generated by AVC

Tuesday, October 2, 2018

Gheorghe Iana, the president of the Neurology and Radiology Society declared recently that 21.64% of deaths are now generated by cerebral vascular accidents, which represent the second death cause and at the same time the second cause of disability. “From estimates of the National Statistics Institute, there will be an increase of death rate by 34% every year until 2035,” said Iana at the conference “Vascular accident. Early diagnosis and treatment. ...

Efficiency of Romania’s healthcare system ranked 36th out of 56 by Bloomberg

Tuesday, October 2, 2018

Romania lost five places in a Bloomberg global ranking on the efficiency of national healthcare systems measured by the cost-to-expense ratio, being overtaken by states such as Italy, France, Greece, the Czech Republic and the UK, http://business-review.eu reports. However, the Romanian healthcare system is more efficient than those in Belgium, Germany, Hungary or Bulgaria. ...

Tourism: Lack of personnel and specialised schools in Romania, serious problems in tourism and hospitality industry

Tuesday, October 2, 2018

Representatives of the industry of tourism and hospitality in Romania point to the shortage of trained staff in the field, and of schools devoted to training future employees in the field. “Fluctuations of employees, the lack of adequate schools specialised in hospitality, the shortage of personnel in less tourist areas are some of the problems that have been facing the industry of tourism and hospitality for years. Neither industry nor ...

Balneary tourism to hold important place in future National Tourism Strategy

Tuesday, October 2, 2018

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Balneary tourism will hold an important place in the National Tourism Strategy to be completed this year, said Adrian Stoica, the deputy general secretary of the Ministry of Tourism, recently. “Our colleagues have been involved in approaching these topics with World Bank experts. We consider the expertise of the latter will set up a coherent frame and clearly defined steps to be followed,” said Adrian Stoica at the opening of the 14th ...

Holiday vouchers between January and August worth EUR 223 mln

Tuesday, October 2, 2018

The value of the holiday vouchers issued between January and August this year reached EUR 223 million, a value 7.7 times higher than in 2017, according to data submitted by the National Association of Tourism Agencies of Romania (ANAT), http://business-review.eu informs. The value of holiday vouchers for August is EUR 17,1 million. According to ANAT ...

Cars : New commercial vehicle registrations in Romania up 15.2 pct in the first 8 months

Tuesday, October 2, 2018

New vehicle registrations in the European Union rose in August 2018 by 7.3 percent as compared to August 2017, reaching a total of 162,532 units, http://business-review.eu informs. For the first eight months of 2018, there was an increase of 4.8 percent over the similar period in 2017, with a volume of 1,632,852 units, according to European Automobile Manufacturers Association. During January-August 2018 the top ...

Telecom.IT : Romania’s 5G network to see EUR 9 bn in investments by 2024

Tuesday, October 2, 2018

Investments in Romania’s 5G network will go up to EUR 9 billion by 2024, and the auction for the frequencies dedicated to this technology will begin by mid-2019, according to Sorin Grindeanu, the president of the National Authority for the Administration and Regulation of Communications (ANCOM). Of the total EUR 9 billion, Grindeanu stated, EUR 1.6 billion will be invested in communications, and the rest will go towards sectors that will ...

Government wants to invest RON 200 mln to provide wireless acces to 4,500 schools

Tuesday, October 2, 2018

The Government adopted a decision on the approval of the Fundamental Note on the necessity and the opportunity to invest in the Integrated National Platform – Wireless Campus, http://business-review.eu reports. The overall objective of the project is to create an integrated campus nationwide platform to provide wireless access to interconnected open data networks, including the ...

EC Survey:Romanians among the most likely in the EU to say the internet is safe for its users

Tuesday, October 2, 2018

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The European Commission conducted a survey in all EU member states on the use of internet services and perception of online illegal content. The main issues Romanians pointed to on the internet were: hate speech (37 percent), counterfeit goods (35 percent) and fraud (32 percent). Romania was on the first place among countries where a majority of respondents (60 percent) said that internet hosting services are efficient in ...

Infrastructure : Tarom had the lowest number of incidents in Romania in the first eight months

Tuesday, October 2, 2018

In the first 8 months of 2018, Tarom had the least incidents (delayed or cancelled flights), 1.2 flights per 100 flights, shows a Flight Refund analysis quoted by http://business-review.eu. The opposite was Air France, with almost 4 times more the incidents, of 4.6 percent of 100. The analysis has considered 6 national companies active in Romania: Tarom, LOT, Czech Airlines, Lufthansa, Air France and British Airways.  In the first ...

Terminal of upcoming Brasov airport to cost EUR 22 million

Tuesday, October 2, 2018

Local authorities have announced plans to hold a tender for designing and building the terminal of the upcoming Brasov airport by end-September, http://business-review.eu informs. The terminal of the airport, which already has a runway and is expected to be completed by 2020, will cost EUR 22 ...

Trade: More than 5,000 Romanian merchants sell their products on eBay

Tuesday, September 25, 2018

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Almost 130,000 customers in Romania bought products on eBay in the last year, a study revels More than 5,000 Romanian merchants sold in the first seven months of this year almost 192,000 products on eBay, one of the largest e-commerce platforms in the world, with 175 million buyers in 190 markets. The best-selling products are those from categories such as video games and consoles, ...

Victoria’s Secret opened the first store in Romania

Tuesday, September 25, 2018

The sexiest brand in the world has finally arrived in Romania. Victoria’s Secret has opened its doors in the duty free area on the „Henri Coanda” International Airport in Bucharest at the end of this summer, in partnership with Millenium Pro Design, romaniajournal.ro informs. The first store opened in Romania offers a wide range of underwear collections, as well as the awarded brand perfumes, reunited under the motto „Confidence ...

Romanians rank among the biggest alcohol drinkers in Europe and prefer beer over wine

Tuesday, September 25, 2018

Romanians are among the biggest alcohol consumers in Europe, with an average consumption of 12.6 liters of pure alcohol per inhabitant aged 15 and above (15+) per year, and almost 12,000 people ar dying each year because of harmful use of alcohol, according to “Global status report on alcohol and health 2018” report released by the World Health Organization (WHO) consulted by Business Review. Romania has the same level of average alcohol ...

Romanian honey lacks from stores' shelves due to huge discounts

Tuesday, September 25, 2018

The Romanian honey certified by the Bee Breeders Association of Romania (ACA) lacks from the large stores' chains because the retailers demand "huge discounts" of up to 50pct, and the consumers could purchase the Romanian honey from only the select fairs or the association's shops."Should you go to the stores and take almost any jar and producer, you find few without any blend. The moment we go there with only Romanian honey, which is no blend at all, the stores ...

Tourism : Non-resident tourists arrived in Romania in the first half of 2018 spent 2409.3 lei/person as average

Tuesday, September 25, 2018

• In Q II 2018, the total number of non-residents in collective tourist accommodation structures*) was 793.0 thousands and their total expenditure amounted to 1937.7 million lei. • In S I 2018, the number of non-residents in collective tourist accommodation structures was 1273.4 thousands and their total expenditure amounted to 3067.9 million lei. The number of non-resident tourists accommodated in H1 ...

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