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Litigations delay infrastructure projects by 311 months since 2017

Tuesday, April 16, 2019

The litigations tabled on the infrastructure projects since 2017 until now have delayed the works by 311 months, on last Wednesday night said Transport Minister Razvan Cuc at Digi 24 private TV broadcaster."I had a huge problem and in fact this problem was the issue of all ministers, although they never admitted to it. This problem related to the litigations. I asked Mr. Neaga [Narcis Neaga, managing director of the National Road Infrastructure Administration ...

Real Estate: Eurostat: House prices up by 5.3% in 2018 in Romania

Tuesday, April 16, 2019

The prices of houses grew by 5.3% in Q4 2018 against the same quarter the previous year and by 0.8% against the previous quarter, Eurostat, statistical office of the European Union informs. House prices, as measured by the House Price Index, rose by 4.2%inboththe euro area and the EU in the fourth quarter of 2018 compared with the same quarter of the previous year.  Compared with the third quarter of 2018, house prices rose by 0.7% in the euro ...

Retail stock in Bucharest is higher than in Transylvania and twice higher than in Moldova

Tuesday, April 16, 2019

The modern retail stock in Bucharest remained stable in 2018, at 1.2 million square meters, a level which is 7% higher than in the Central-West region of the country (16 counties in Transylvania and Banat areas), which reached 1.18 million square meters, and twice the corresponding value of the Moldova region (eight counties), which reached 595,000 square meters, according to the Bucharest Retail Market and Romania Retail Regional Cities reports released by the Cushman & ...

Tourism : Hospitality industry is worth 3bn euro, with over 50,000 staff shortage

Tuesday, April 16, 2019

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The value of the hospitality industry in Romania amounts to 3 billion euro, but the staff shortage in the field exceeds the figure of 50,000 people, Dragos Petrescu, President of the Romanian Hotels and Restaurant Employers Organization (HORA), said on Wednesday in a conference dedicated to the hospitality industry."The data from 2017 shows a turnover of over 13 billion lei in the hospitality industry, by 15pct higher than in 2016. In 2017 there were 36,000 ...

Trade: Romania's beer market grows 3pct in 2018

Tuesday, April 16, 2019

The beer market in Romania grew by 3pct in 2018 compared to the previous year, reaching a volume of 16.6 million hectoliters, while the alcohol-free beer segment recorded a 30pct leap, according to the data presented on Tuesday in a press conference by the representatives of the Romanian Brewers Association.In the previous year, beer consumption per capita was 85 liters, while, depending on the type of preferred packaging, consumers mostly chose beer in PET ...

Telecom. IT: Microsoft report: Romania registers average malware attack rate of 7.46%, over European average

Tuesday, April 16, 2019

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Romania reached a 7.646% malware attack rate in 2018, 2.13% higher than the average European rate, according tot eh 24th edition of  Microsoft Security Intelligence (SIR), released on Wednesday. According to the study, Romania exceeds the Czech Republic (3.44%), Hungary (6.21%) and Bulgaria (7.20%) at this chapter. In the top of countries with a higher malware attach rate we find Serbia w9th 8.13% average, exceeding the European average by ...

Cars: Over 146,000 new and second hand cars registered in Q1, 2019

Tuesday, April 16, 2019

The number of new and second hand cars registered in Romania in the first quarter of the year reached 146,144 units, on the drop by 2.10% compared to the same period of 2018. according to DRPCIV statistics. Of overall registrations at national level, 35,836 were new cars, on the rise by 35.11% reported to the reference period, while 110,308  are second hand cars, on the drop by 8.57%. According to statistics, Over ...

Automobile market in Romania will grow by 15% in 2019

Tuesday, April 16, 2019

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The local automobile market will grow this year by 15% compared to 2018, while the adoption degree of hybrid cars will continue to be high, when it exceeds the European average, said Edit Tarcolea, general manager at Toyota Romania. According to data presented on Thursday by representatives of the exclusive importers of Toyota and Lexus cars, more than half of total sales of the Japanese constructors in Romania (57%), reported in 2018 were hybrid ...

Infrastructure : EUR 2 billion approved by EU Commission for investment in Romania’s transport infrastructure

Tuesday, April 9, 2019

The EU Cohesion Policy approved investments of EUR 4 billion of EU funds in 25 large infrastructure projects in 10 member states, of which almost EUR 2 billion in Romania for the transport infrastructure. The investment package adopted today by the Commission involves Bulgaria, Czechia, Germany, Greece, Hungary, Italy, Malta, Poland, Portugal and Romania. The projects cover a wide range of areas: health, transport, research, environment and energy. With national co-financing, the ...

Telecom. IT : Digitization in Romania is very low despite its 11 million internet users

Tuesday, April 9, 2019

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Digitization in Romania is low despite the advance in IT services and software development. According to Cert-RO, there are 11 million internet users in Romania – more than half of the entire population – but the country ranks at the bottom of the Digitization Index, according to Catalin Arama, the general manager of the National Center for Response to Cyber Security Incidents (Cert-RO). “Talking about digitization, we can say that this is a one way process. We, in ...

Real Estate: Timisoara office market: medium-sized companies relocate from class B to class A offices

Tuesday, April 9, 2019

The office market in Timisoara witnesses a new trend: the relocation of companies from class B spaces to class A and the increase in attractiveness of modern office projects for firms with less than 50 employees. Thus, Vox Technology Park office project leased 1,600 square meters to several IT, technology and service companies, all deals have been closed in 2019. ”As the office market in Timisoara continued to develop and the modern office stock increased significantly, ...

REPORT: New apartment prices have risen in March, but old apartments are still cheap

Tuesday, April 9, 2019

Asking prices for apartments being put up for sale in Romania’s main cities saw a slight increase in March, in the context of a stabilization period with both up and down variations, according to the latest report released by Imobiliare.ro. The average asking price per square meter of new or old apartments reached EUR 1,237 in March – 0.3 percent higher than at the end of February. In three of the six monitored major cities, sellers’ demands increased compared to ...

Trade: Commissioner Vera Jourova: Companies selling double standard products to be fined 4% of turnover

Tuesday, April 9, 2019

The companies selling foodstuff of different quality in the European countries will pay fines of up to 4% of the turnover, European Commissioner for Consumer Protection Vera Jourova said in Bucharest. She confessed she has experienced the double standard by herself, TVR 1 public television informs. “I feel cheated when I return to my country and buy yogurt with chemicals instead of strawberries. We will ban the double standard of the products,” Jourova ...

Tourims : The tourism up by 7.5 in February

Tuesday, April 9, 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 7.5 %, while the overnight stays increased by 11.4% in February 2019. Compared to February 2018, in February 2019 customs registered an increase in the arrivals of foreign visitors of 6.7 % and an increase of 4.1% in the departures abroad of the Romanian ...

Romania will open 10 tourist promotion offices this year

Tuesday, April 9, 2019

Romania will open this year 10 tourist promotion offices abroad, two of which in China, the minister of tourism Bogdan Trif declared on last Thursday. “We will open 10 tourist promotion offices. We have a strategy which must be completed until the end of next month, a strategy made on a project with the World Bank, which we must take into account next to calculations made by our colleagues. Soon we will tell you the locations, but it is clear that we will have two offices in ...

Cars: One in three Romanians plans to buy an electric car

Tuesday, April 9, 2019

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One in three Romanians looking to buy a new car is considering an electric car, according to a study by E.ON and Kantar EMNID. Thus, 36 percent of Romanians looking for a new car intend to buy an electric car, according to the results of the survey, which puts Romanians on top of those most open to buy electric vehicles among all Europeans. On the other hand, like most Eastern Europeans, Romanians are rather skeptical when asked about how they see the potential supremacy of electric ...

TAGRO, the Romanian-built agricultural tractor, received approval from RAR

Tuesday, April 9, 2019

TAGRO – the Romanian agricultural tractor, designed and built entirely by IRUM Reghin, was approved by the Romanian Auto Registry. This approval certifies the high quality of the agricultural tractor that complies with all European standards. The approval process started last year. Towards the end of 2018, TAGRO underwent a series of static and dynamic tests conducted by the Homologation Department of RAR Bucharest, which played an important role in defining and optimizing the ...

Healthcare: Eurostat: Almost 71% of Romanians perceive their health as good or very good

Tuesday, April 9, 2019

Seven out of ten people aged 16 or over living in the European Union (EU) rated their health status as good or very good in 2017 (70%). In contrast, fewer than one in ten (8%) assessed their level of health as bad or very bad in the same year. The classification includes five levels of self-perceived health status: very good, good, fair, bad and very bad. Among the EU Member States, the highest share of the population aged 16 or over who perceived their health as good or very ...

Trade : GfK Study: Index on Romanian consumers' confidence determined by pessimistic forecasts for most chapters

Tuesday, April 2, 2019

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Romanian consumers did not recover in 2018 the confidence in economy they had the previous year and became reticent on the background of tensions in the monetary market (ROBOR increase) and the uncertain economic situation, according to a study made by GfK, an analysis and study company, on consumer confidence. In these conditions, the Consumer Climate index measured by GfK is still negative, in the pessimistic area ...

Real Estate: New office and residential pole emerges in northern Bucharest

Tuesday, April 2, 2019

The area in northern Bucharest known as “Expozitiei” due to its proximity to the city's main exhibition center - Romexpo is turning into the city's new pole for office and residential developments. Developers have announced the construction of over 200,000 square meters (sqm) of office spaces and 3,000 housing units in the area, in the next five years, according to an analysis by the real estate consultancy company ESOP Consulting and ...

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