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Economic
Real estate: Studios, most in demand for rentals in the last ten years
Tuesday, May 23, 2023
Studios represent the category most in demand for renting in the last 10 years. In May 2023 the average monthly rent was 331 euros, on the rise by 36.2% from 243 euros in May 2013, according to data of a real estate consulting company. The data collected show that in the past decade, tenants preferred small apartments, to the detriment of larger ones. Consequently, the average rent for one-room ...
Cushman & Wakefield Echinox: În Bucharest, the Center – West submarket has become the main office hub in Bucharest
Tuesday, May 23, 2023
In Bucharest, the Center – West area (Politehnica, Orhideea, Cotroceni) has become the largest office hub in Bucharest, overtaking the Floreasca – Barbu Vacarescu submarket in Q1 2023. This situation is expected to remain constant on a medium term at least, given the plans announced by developers, according to data from the Cushman & Wakefield Echinox real estate consultancy company. The Q1 2023 ...
Telecom. IT: Telecom incomes dropped 1% in 2022
Tuesday, May 23, 2023
Incomes recorded in telecom sector in Romania dropped by 1% in 2022 compared to the previous year, to 16.9 billion lei, while fix and mobile Internet generated the biggest share of total, 35%, according to data published on Wednesday by the National Authority for Administration and Regulations in Communications (ANCOM). According to authorities, in 2022 the number of fix and mobile Internet connections ...
Trade: Romanians want to buy online but final purchase decision is made after visiting physical store
Tuesday, May 23, 2023
Customers prefer simple, online buying interactions, but in the purchase process presence in a physical store has greater impact in the final decision of choosing products, consider representatives of the retail market in Romania. Raul Filip, supply manager at Altex Romania said that the customer's experience in a physical store has a greater impact in the final decision of buying a ...
Healthcare: Oncology Support Centre by Sus Inima, from June in Bucharest
Tuesday, May 16, 2023
The Sus Inima Association will inaugurate, in June 2023, an oncology support center in Bucharest, the third such unit in Romania. The aim of these centers is to support people with an oncological diagnosis by providing them with free oncology navigators, one-to-one psychotherapy, second opinion, art therapy, social workers and opportunities to socialize. „The activity of the Sus Inima Oncology Support ...
Romania, among the last countries in Europe regarding access to last-generation medicines
Tuesday, May 16, 2023
Romania is "again" among the last countries in Europe in terms of access to the latest generation medicines, the Romanian Association of International Medicines Manufacturers (ARPIM) reported on last Thursday, in a press release.According to ARPIM, a new drug reaches patients in Germany the fastest in 128 days, compared to 918 days in Romania, while the European average is 517 days after obtaining marketing authorization.In ...
Tourism: The number of Romanian tourists who travelled to Germany in 2022 surpassed the pre-pandemics level
Tuesday, May 16, 2023
Romanian tourists recorded more than one million overnight stays (including camping) in Germany in 2022, exceeding by almost 6% the level recorded in 2019, the best tourist year for the pre-pandemic period. According a press release of the German Organisation for Tourism, only three countries in the region registered increase as regards the number of ...
The Dorna Country, ecotourism destination for another three years
Tuesday, May 16, 2023
The Ministry of Entrepreneurship and Tourism (MAT) has extended for a period of 3 years the status of ecotourism destination granted to the Dorna Country area. According to a press release MAT, the destination covers ten territorial administrative units in the county Suceava, namely Vatra Dornei, Poiana Stampei, ...
Agriculture: Romania regains the Jordanian market for sheep exports and concludes a cooperation agreement with Morocco
Tuesday, May 16, 2023
Regaining the foreign sheep markets in the traditional relations with Jordan and the opening of new export markets through the development of the trading relations between Romania and Morocco, in the sheep domain, represents two objectives reached by the ministry of agriculture and rural development (MADR) in the first half of this year.According to a press release of the MADR, the results were possible after the visit ...
Romania imports 30,200 tonnes of raw milk in Q1, down 13.4 pct from Q1 2022
Tuesday, May 16, 2023
Romania imported 30,200 tonnes of raw milk in Q1 2023, down 13.4% compared to the same period last year, while the quantity of milk collected by the processing units increased by 13.4% in the mentioned period, totalling 289,740 tonnes, according to data published on Monday by the National Institute of Statistics (INS).The largest increase in production in Q1 2023 was recorded in cream for consumption (+1%), namely 15,878 tonnes, while the largest ...
Cars: National passenger car production increased by 0.2% in the first four months of the year
Tuesday, May 16, 2023
The number of cars produced in Romania in the first four months of this year reached 176,635 units, up 0.2% compared to the same period in 2022, according to data published Thursday by the Romanian Automobile Manufacturers Association (ACAROM). Of these, 115,366 units were produced at Dacia's Mioveni plant and 61,269 units were produced at Ford's Otosan plant in ...
Green cars gain ground at 20.4 pct market share as of end-April
Tuesday, May 16, 2023
Romania's green car market share reached 20.4 percent as of end-April 2023, while January - April registrations on this segment were 29.4 percent up compared to the same period of 2022, shows data of the Association of Automobile Manufacturers and Importers (APIA).According to official statistics, the four-month market share of electrified cars, specifically fully electric vehicles and plug-in hybrids, as well as full hybrid cars, topped by 7.1 percent the ...
Infrastruture: PM Ciuca: Contracts for Cluj metro to be signed on May 25
Tuesday, May 16, 2023
Prime Minister Nicolae Ciuca announced on Monday that contracts for the Cluj metro ...
Gov't approves technical-economic indicators for construction of first 4-lane bridge between Romania and Moldova
Tuesday, May 16, 2023
The executive approved the technical-economic indicators related to the investment objective "Bridge over the Prut at Ungheni", Romania - Iasi County, Republic of Moldova - Ungheni District, part of the Unirii Highway - A8, the government informs in a press release sent on last Wednesday.The bridge over the Prut in Ungheni will be the first 4-lane bridge between Romania and the Republic of Moldova, the investment cost being 198.21 million RON, European funds ...
Trade: Analysis: 75% of online retailers want to expand their product ranges
Tuesday, May 16, 2023
Against the backdrop of high inflation, 75% of online retailers in Romania have as their main business objective the expansion of their product ranges, to meet consumer needs, satisfy customers’ desire for diversity, and increase sales, according to an analysis conducted by a local digital marketing agency. At the same time, to achieve growth in their business and keep up with market trends, ...
Real Estate: Romanian investors purchased 1.1 billion EUR worth of real estate, in last five years
Tuesday, May 16, 2023
The Romanian investors have made, in the last five years, purchases of real estate properties worth 1.1 billion EUR, equivalent of 28pct of the volume traded in this period, becoming the most active buyers of income-generating assets in Romania, according to data from a real estate consulting company.According to the analysis, in Romania, the ranking is completed by investors from South Africa (with purchases of 600 million EUR, 15pct of the volume), Austria ...
Telecom.IT: Romania will have a committee for artificial intelligence
Tuesday, May 9, 2023
The Minister of Research, Innovation and Digitization, Sebastian Burduja announced that Romania will have a Committee for Artificial Intelligence (AI) in which the “brilliant minds” from the country and the diaspora will be attracted and who will have the task of coordinating the development of this field, but also of fixing some ethical limits.” Sebastian Burduja signed the order ...
Real Estate: Housing deliveries slowed down considerably in the last quarter of 2022, especially in the Capital area
Tuesday, May 9, 2023
The number of homes delivered last year in Bucharest and the metropolitan area was 21,328, 3% below the 2021 level, estimate consultants Colliers, who credit the unexpectedly slow performance in the last three months of 2022 for the decline, when a third fewer homes were delivered compared with the same period last year. At the national level, the residential market in Romania registered a record number of ...
Cars : 25pct increase in new car registrations, four months into 2023
Tuesday, May 9, 2023
Registrations of new cars in Romania increased 25% in the first four months of the year, compared to the same period in 2022, to a volume of 37,447 units, according to data from the Directorate of Driving Licenses and Vehicle Registration (DRPCIV), quoted by the Romanian Automobile Manufacturers Association (ACAROM).In April 2023, the number of new car registrations increased 16.48% compared to the same month last year, reaching 9,865 ...
Downward trend for share of imported second-hand cars in Q1 total new registrations
Tuesday, May 9, 2023
New registrations of passenger vehicles were 3.5 percent up in Q1 2023 compared to the same period of 2022, while the share of imported second-hand cars in total new registrations was 67.2 percent, down 6.3 percentage points year-over-year, shows data released on Friday by the National Institute of Statistics (INS) that cite a statistical report of the Driving Licenses and Vehicle Registration Department.In a YoY comparison, new registrations of passenger ...