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Economic

EU wheat exports gather pace in latest week, Romania continues to lead

Tuesday, September 10, 2019

Wheat exports from the EU continued to gather pace in the latest week of the 2019-20 marketing year (July-June) taking the total for July 1-September 2 to 3.9 million mt, up 20% on the year, the EU Crops Market Observatory data showed. The EU shipped 397,455 mt of wheat in the week ended September 2 compared with 360,959 mt shipped a week earlier, according to the data released Monday. Romania remains the bloc's top exporter, with wheat shipments hitting 1.4 million mt in the ...

Real Estate: Rental transactions tripled in the first half of 2019

Tuesday, September 10, 2019

RE/MAX Romania, part of the world leader in real estate and franchise number 1 globally in this segment, registered in the first semester of this year a tripling of the number of rental transactions compared to the same period of 2018. At the same time, the RE/MAX Romania offices brokered a double volume of transactions compared to S1 2018, with a cumulative value of about EUR 79 million. According to company representatives, about 40 percent of the transactions concluded in S1 2019 ...

Tourism : Eurostat: Romanians spend 135 euro on average for a holiday, the lowest amount in the EU

Tuesday, September 10, 2019

EU residents spent 377 euro for a vacation in 2017 on average, while the residents of Romania ranked last, with a 135-euro average allotted for their holidays, according to data released by Eurostat on Tuesday.The biggest spenders in Europe in terms of vacations are the residents of Luxembourg, with a 769-euro average for a holiday in 2017, followed by those of Austria (641 euro) and those of Malta (633 euro). On the opposite end there are those from Hungary (161 euro for a ...

Arrivals in tourist accomodation units up 3.6 pct in July

Tuesday, September 10, 2019

Compared to the corresponding month of the previous year, the arrivals in the establishments of tourists’ reception with functions of tourists’ accommodation increased by 3.6 %, while the overnight stays increased by 3.5% in July 2019. Compared to July 2018, in July 2019 customs registered an increase in the arrivals of foreign visitors of 10.7 % and an increase of 9.1% in the departures abroad of the Romanian ...

Cars: Over 3,500 ecological cars sold in Romania in first 7 months

Tuesday, September 3, 2019

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Romanians bought 3,541 ecological cars in the first 7 months of the year, 60% more than a year ago, Automotive Manufacturers and Importers Association (APIA) data show. According to the analysis made by car manufacturers and importers in Romania, the share of new ecological cars in the total number of sales at national level was 3.4% in the reference period, compared to 2.5% recorded over January-July ...

Study: the Romanians allocate, on average between 11,700 euro and 31,200 euro for the purchase of a new car, small, medium or SUV  type

Tuesday, September 3, 2019

The Romanians allocate on average between 11,700 euro and 31,200 euro for the purchase of a new car, small, medium and SUV according to the data Jato Dynamics, in the context where car sales have increased. Divided according to the category, the average budget for the purchase of a car belonging to the small class is 11,700 euro, 20,750 euro in the case of medium class and 23,000 – 31,200 euro for SUV. ‘The Romanian ...

Real estate: Report: Stock of industrial and logistic areas in Romania doubled in last 5 years

Tuesday, September 3, 2019

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The industrial and logistic area market in Romania is crossing the best  stage in history, both for demand and offer, witnessing a doubling of total stock in the last 5 years, according to data of real estate consulting company Cushman & Wakefield Echinox. The stock of industrial and logistic areas in Romania reached 3.61 million square meters at the end of the first semester, 2019, over 85% of them being located in  Bucharest, Timisoara, ...

The real estate investment market in Q1: volumes and prices slightly going up, but  buyers are still careful

Tuesday, September 3, 2019

The data regarding Q1 show that only four tradings of over 10 million euro were signed on the Romanian  real estate market in the  context where over the last period there is information about an increased overheating of the local real estate investment market, and the buyers are very careful, according to the report sent by the real estate consultancy company JLL Romania. At the same time, in the first six months, over 70% of the volume of ...

Infrastructure: Passenger numbers in Romanian airports up 7.7 pct to 10.7 mln in H1 2019

Tuesday, September 3, 2019

The 16 airports in Romania have posted a 7.7 percent increase in passenger numbers in the first half of this year up to 10.7 million, an all-time high due mainly to international flights, while domestic passenger traffic declined, according to figures released by the National Institute of Statistics (INS). Total passenger numbers on the Romanian airports have increased from 9.94 million in H1 2018 to 10.7 million in H1 ...

Trade: GfK Temax Report: Romanian electronics & IT market up 2 pct at 1.436 bln euro in H1

Tuesday, September 3, 2019

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Romania's electronics, home appliances and IT products market increased 2 percent in H1 2019 from the same period of the previous year, with sales of large screen smartphones recording the most significant growth, shows a GfK Temax report released on Wednesday.Sales of durable goods amounted to 1.436 billion euros in H1, up 2 percent YoY, mainly due to sales of large and small appliances that advanced by 14 and almost 12 percent, respectively, stimulated by the ...

Tourism: Romania has fewer beds in tourist accommodation units than Bulgaria and Hungary

Tuesday, September 3, 2019

The number of beds in tourist accommodation units in Bulgaria increased by 20,000 in 2017, while in Romania the advance was about 12,000, according to data published by Eurostat on Thursday. Statistics show that in 2017, tourist accommodation units in Romania there were 338,791 beds as compared to 326,098 in 2016, while in Bulgaria there were 348,724 beds, against 328,264 beds in 2016. According to this indicator, Romania was in ...

Telecom. IT: Externalization of IT security services, a solution to expert crisis

Tuesday, September 3, 2019

The externalization of IT security services would be a path to follow, when there are too few schools and institution concentrating on training experts, according to an analysis made by the producer of security solutions – Eset, and posted on the company blog in Romania. “Data we can count on show that EU is facing a critical crisis of IT specialists. The European Commission expects the labor market to register up to 500,000 vacant ...

Healthcare: Romania and Moldova to collaborate in field of organ transplants

Tuesday, September 3, 2019

National transplant agencies in Romania and Moldova signed on Friday, a collaboration accord, based on which organ exchanges will be made for patient waiting lists, the Health Ministry announced. According to the Ministry, if certain organs cannot be used in Romania  when there are no compatible receptors, they will be sent to Moldova and the other way round. The collaboration accord also supposes an exchange of experience ...

Cars: Romania's automotive market up 9.5pct over Jan - July, green car sales at 3.7pct of total

Tuesday, August 27, 2019

Romania's automotive sales over January - July this year were 9.5 percent higher YoY, with green cars accounting for 3.7 percent of the total, shows data released by the Association of Automotive Manufacturers and Importers (APIA).Unlike most EU member states, Romania's automotive market has followed a steady upward trend over the past 12 months, recording a decline only in March.Motor vehicle sales are mainly driven by legal entities that account for ...

Real Estate: The real estate investment market in Q1: volumes and prices slightly growing

Tuesday, August 27, 2019

The data regarding Q1 show that only 4 tradings of over 10 million euro on the Romanian real estate market were signed in the context where over the last period information about an excessive heating of the local real estate market is spreading and buyiers are careful, according to the report sent by the real estate consultancy company JLL Romania. At the same time, in the first six months over 70% of the volume of 3400 million euro was generated only ...

The industrial stock surpassed the 4 Mln. Sq M milestone, 1 Mln. Sq M to be delivered by the end of 2020

Tuesday, August 27, 2019

The modern industrial stock exceeded the 4 mln. sq m during the first semester of 2019, since a new supply of 240,000 sq m was brought on the market and by the end of 2020 approx. 1 mln. sq m are expected to be delivered, according to the ...

Property market continues and showing no signs of slowing down

Tuesday, August 27, 2019

The real estate sector is still going strong and showing no signs of slowing down. All areas are seeing transactions, and while the office segment has been the main driver in Bucharest, industrial projects seem to be at the forefront of investments.  The development of infrastructure, foreign capital absorption, highly qualified personnel, and expanding opportunities have all led to more investors coming to Romania and developing the industrial ...

Economic growth keeps real estate investments in Romania ahead of regional peers

Tuesday, August 27, 2019

The Romanian real estate market recorded good results in the first half of 2019, with activity on the office and investment segments getting more dynamic than that of some CEE peers. With the full year GDP expansion figure likely to top 4 percent, Romania also remains an outlier in terms of economic performance when compared to other CEE economies. According to real estate consultancy company Colliers International Romania, there is a favorable perspective for the Romanian ...

Tourism : Bulgarians and Romanians rank last in EU in terms of booking vacations online

Tuesday, August 27, 2019

 Half of the internet users in the European Union have booked their accommodations or travels online in 2017, Bulgarians and Romanians ranking last with only 17 percent, 18 percent respectively, of the internet users who booked their vacations via the internet, the data released on Wednesday by Eurostat informs.At the opposite pole, the online booking of vacations is most common among internet users of Luxembourg (73 percent), Finland (65 percent) and Germany ...

Tourism agencies’ sales to millennials see significant growth, most seeking trips abroad

Tuesday, August 27, 2019

Millennials have turned into a significant consumer group in the tourism industry, having recorded a 12 percent increase over the past two months in the number of holidays and circuits purchased, according to travel agency J’Info Tours. “More and more young people go to an agency to acquire complete packages for holidays and circuits, and about 80 percent of them seek a holiday abroad. The main reason why they are starting to address ...

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