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Economic

Tourism: WTTC foresees higher profits in Romania this year

Tuesday, July 31, 2018

In 2017, Romania made investments of 15.3 billion lei in tourism, the equivalent of 8% of overall investments in the country, ranking 38th in the world, before Greece, Hungary, Czech Republic, Bulgaria or Slovakia, according to centralized data of World Travel & Tourism Council (WTTC). In 2018, a slight increase of investments in tourism are estimated, up to 8.1% of overall investments in the country. This increase will bring profits, 6.6% higher ...

Value of holiday vouchers reaches record level of 125 million euro, in June 2018

Tuesday, July 31, 2018

The value of holiday vouchers has reached a record level of 125 million euro in June 2018, by 42 times larger than the value of June 2017, when they were worth 3 million euro, the growth being boosted by these extra-wage benefits being granted to employees in the public sector, the National Association of Travel Agencies (ANAT) informs.As a matter of fact, in June alone, the value of holiday vouchers is 4 times larger than the entire period of 2017, which was 30 ...

Medical tourists spent EUR 5.7 million in Romania in Q1 2018

Tuesday, July 31, 2018

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Romania’s cheap medical services attract foreign citizens, who also spend significant amounts of money during their trips for accommodation, restaurants, or gifts, http://business-review.eu reads. Individuals who travel to Romania for medical treatment spend RON 4,100 (EUR 883) on average, according to the National Institute of Statistics. Churches and monasteries also attract foreign visitors, who spend ...

The Spa market in Romania, estimated at over 23 million euro

Tuesday, July 31, 2018

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The spa market in Romania increased last year with approximately 10% at 23.1 million euro,according to the estimates of Travelle-Wellness Escapes. In 2016 the turnover of the spa market in Romania was of approximatey 21 million euro,out ofwhich 12.4 million euro from  access to spa, swimming pools areas,sauna and other facilities. The rest of 8.4 million euro represents  the equivalent of the 241.316 treatments spa made by 175,560 ...

The industry of events brings to Romania almost 500 million euro/year

Tuesday, July 31, 2018

The industry of events (meetings, incentives,conventions and exhibitions – MICE) brings directly to Romania almost 500 million euro annually, sums still small if we compare to the neighbouring countries, but constantly growing, stated Traian Badulescu tourism consultant. According to the statistical report ICCA (International Congress and Convention Association) on 2017, out of the 70 events, the majority took place in Bucharest ...

Orbis confirms agreement for a 3-star Ibis hotel in Timisoara

Tuesday, July 31, 2018

Orbis Hotel Group has confirmed the agreement with the Cristescu brothers in Timisoara for the management of a new 3-star Ibis hotel that will be developed in the city, http://business-review.eu ...

Trade: Romania’s online shopping rates among the lowest in Europe; most prefer to pay on delivery

Tuesday, July 31, 2018

The high number of people who own a smartphone and their improved internet access has led to a growing number of Europeans who use their smartphone to maintain their relationship with their banks, for either shopping or payments, http://business-review.eu informs. For example, the share of people in Europe who use their phones for banking has increased from 48 to 61 percent in the past year, according to an ...

Exported clothing and accessories worth 831.8 million euros in the first four months of 2018

Tuesday, July 31, 2018

Romania exported clothing and accessories worth 831.8 million euros in the first four months of 2018, an amount 4.7% lower than that of the similar period in 2017, according to data centralized by the National Institute of Statistics (INS).Imports of clothing and accessories amounted to 528.1 million euro, 11.9% higher than in the previous year, with a surplus of 303.7 million euro being registered in this segment.In the first four months of 2018, FOB ...

Infrastructure: Analysis: Railways in Romania face unprecedented challenges

Tuesday, July 31, 2018

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The railway system in Romania faces unprecedented challenges, in the context of applying the Fourth Railway Package by mid June 2019. In case the package is not efficiently managed there is the risk of losing competition at European level, as it will be impossible to compete against present or future players in the market, powerful from the economic point of view, experts in railway safety consider. According to Sorin Catalin Hanci, an expert in ...

Number of passengers transiting through Bucharest-based airports up 7 pct in H1

Tuesday, July 31, 2018

The number of passengers having transited through the Henri Coanda and Aurel Vlaicu airports in the Capital City increased by 7.08 per cent in the first half of the year compared with the same period last year, according to a release of the Bucharest Airports National Company sent on Thursday.Thus, there were 6.34 million passengers and 64,815 landings and take-offs recorded on the Bucharest-based airports, out of which Henri Coanda airport recorded 6.33 million ...

Agriculture : The value of agricultural production increased by 12.5% in 2017

Tuesday, July 31, 2018

 • In 2017, the agricultural production value increased by 12.5% compared to the previous year. • The crop production increased by 19.5%, while the animal production decreased by 0.4% and the agricultural services by 1.0%. The value of the agricultural production increased in 2017 by 12.5% compared to the previous year, reaching 78.494 billion lei, the National Institute of Statistics (INS) ...

Health: Generic medicine producers request different clawback tax

Tuesday, July 31, 2018

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The Association of Generic Medicine Manufacturers sent an open letter on Wednesday to the leaders of the ruling coalition, Liviu Dragnea and Calin Popescu Tariceanu, requesting the application of a different clawback tax to prevent the disappearance of cheap treatments from pharmacies. “The situation is really desperate. Thousands of cheap medicines disappeared from the market or are very hard to find,” the letter ...

Trade: e-commerce market value to exceed EUR 3.5 bln this year

Tuesday, July 24, 2018

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The value of the electronic commerce will exceed EUR 3.5 billion this year, according to retailers estimates, an significant increase from last’s year EUR 2.8 billion. The growth will be supported by the development of platforms that groups several stores into an online shop, called online marketplace. The e-commerce online store in Romania, doraly.ro, has invested in all the facilities needed to accommodate 550 ...

One in five Romanians shop at traditional markets

Tuesday, July 24, 2018

Only 20% of Romanians prefer to buy constantly from traditional markets, Teodor Bir?, the president of the Association of Romanian Markets Administrators (AAPR), said. The association has kicked off a campaign called #merglapia?? (I go to the market) which aims to bring people back to buying the products sold at markets. It also aims to inform the young that they can buy there products that are more fresh and tasty, and thus encourage local ...

Agriculture : Minister of Agriculture requests Brussels financial aid for Romanian farmers affected by African swine flu

Tuesday, July 24, 2018

Minister of Agriculture Petre Daea requested in Brussels financial aid for the Romanian farmers affected by the African swine flu and the radical measures of intervention needed to be taken."Romania appeals thusly for the EU's financial aid, granted under Regulation nr. 652 of 2004 and Regulation nr. 1308 of 2013," Petre Daea declared, at the Council for Agriculture Ministers of the EU countries.Petre Daea highlighted that, according to the Ministry of ...

Milk and egg production was down in 2017 compared to the previous year

Tuesday, July 24, 2018

Romania's milk and egg production was down in 2017 compared to the previous year, while the meat production increased overall, with poultry, lamb and mutton meat going up, while beef and pork followed a downward trend, shows data of released by the National Institute of Statistics.Compared to 2016 the weight of slaughtered poultry increased 2 pct, there was a 1.8 pct increase in the weight of slaughtered sheep and goats, while the weight of slaughtered cattle was ...

Healthcare: Strategic partnership on the private healthcare market in Romania

Tuesday, July 24, 2018

Monza Group and Enayatu Group have signed a strategic partnership to develop Revera Medical City, the largest private medical project in Romania, romaniajournal.ro informs. Revera Medical City will comprise a premium unit for medical care, a residential elderly-care facility and a hospital on oncology and recovery. Monza Oncology Hospital will take the first of the three buildings to be developed on the Revera Medical City ...

Number of organ donors in Romania in decline

Tuesday, July 24, 2018

The number of organ donors has declined in Romania over the past two years. If in 2016 there were 123 donors, in 2017 their number dropped to 65 donors, according to data from the Health Ministry, quoted by romania-insider.com. Since the beginning of the year, 30 organ donors were recorded in the country. By comparison, in 2014 there were 138 donors, while in 2015 their number stood at 115. Patient associations argue that a ...

Cars: ACEA : Romania's H1 new passenger car registrations up 33.5% y/y

Tuesday, July 24, 2018

New passenger car registrations in Romania rose 33.5% year-on-year to 60,068 during the first six months of 2018, provisional data from the European Automobile Manufacturers' Association, ACEA, indicated on Tuesda, Senews.com informs. In June alone, new passenger car registrations in Romania rose 52.4% to 12,241 units, ACEA said in a statement. Romanian car maker Dacia's sales in the EU increased by 16.2% year-on-year, ...

Auto market in H1 2018: The highest level in the past 9 years for new cars

Tuesday, July 24, 2018

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In the first half of 2018 the new cars market reached the highest level of the past nine years, up by 33%, an Autovit.ro analysis on the figures privided by the Directorate for Driving Licenses and Vehicle Registration Regime (DRPCIV) reveals, romaniajournal.ro informs. The second-hand cars market grew by 7% against the same period last year, but the number of car registrations was four times higher than the new car registrations. Re-registrations grew ...

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