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Tourism : Beach stocks fly high: travel and tourism firms return six times more for shareholders than global equities
Tuesday, June 4, 2024
eToro analysis looked at recent performance of so-called ‘beach stocks’ - bookings, entertainment, airlines, cruises, and hotels Global and European beach baskets returned 46% and 24% respectively in past year vs 7% for global equities Best performers included cruise firm Royal Caribbean (84%) and Delta Airlines (54%) As summer holidays approach ...
Agriculture: Organic agriculture represents 5% of Romania’s agricultural area
Tuesday, June 4, 2024
Some 5% of Romania’s agricultural land is dedicated to organic farming. Also, 14,000 operators in Romania are active in organic farming. The data were presented by Viorel M Mor?rescu, a representative of the Ministry of Agriculture and Rural Development of Romania, during ...
National working forest area up 0.03 pct in 2023, harvested timber amount down 5.3 pct
Tuesday, June 4, 2024
The national working forest area increased last year by approximately 0.03 percent from 2022, while the volume of harvested timber was 5.3 percent down, shows data released on Friday by the National Institute of Statistics (INS).As of December 31, 2023, the working forest area was 6,615,668 hectares (+2,284 hectares compared to 2022), of which woodland accounted for a total of 6,459,925 hectares. Last year, the latter increased by approximately 0.05 percent, or 3,159 ...
Real Estate: Competition Council analyzes Bucharest real estate market
Tuesday, June 4, 2024
The Competition Council has started a study on the residential and non-residential real estate market in Bucharest, in order to identify possible barriers that stand in the way of the development of the industry, but also aspects that can mislead the consumer. The study will probe into the relationships between the companies active on the market, as well as into their mode of operation in different phases of real estate ...
Real Estate: Peri-urban area of big cities becomes attractive alternative for buyers
Tuesday, May 28, 2024
Big city peri-urban areas have become an attractive alternative for interested buyers, presenting some obvious advantages, such as lower prices, more generous areas and the opportunity to have their own garden, according to an analysis made by a specialized website. Imobiliare.ro analyzed demand in the house section of localities located in the vicinity of Bucharest, Cluj-Napoca, Timisoara and Brasov, ...
Romania records 69 pct increase in real estate investments in Q1 2024
Tuesday, May 28, 2024
The total value of real estate investments registered in Romania in the first quarter of this year was 202 million euros, up 69% compared to the same period in 2023, informs Colliers in its 'CEE Investment Scene Q1 2024' report, released last week.According to the cited source, Romania has ...
Infrastructure: Sibiu: FlyLili company will operate regular flights from and to International Airport as of July 20
Tuesday, May 28, 2024
The Sibiu air company FlyLili will operate, as of July 20, regular flights from and to Sibiu International Airport, according to a press release. “As of July 20, 2024, the air company FlyLili will operate regular flights connecting Sibiu with several top destinations, opening new opportunities to passengers and facilitating access to essential international connections. This decision shows the ...
Cluj County Council issues authorisation for the metro construction
Tuesday, May 28, 2024
Cluj County Council announces that the president of the institution, Alin Tise, issued the construction permit for the Cluj metro."It is a necessary step for the effective start of this long-awaited project, which will decisively influence the future development of the entire Cluj metropolitan area," Alin Tise said in a release by CJ Cluj.According to the project, Cluj Metro Line 1 will measure 21.3 km, with 19 underground stations ...
CFR SA has 5.8 billion lei allocated in 2024 budget for railway infrastructure investments
Tuesday, May 28, 2024
The 2024 budget of the National Railway Company CFR SA records a 62.24% increase of overall incomes compared to 2023, that is a 94% rise of expenses devoted to railway infrastructure. According to a company press release, the government approved the 2024 income and expense buget of CFR SA at its last meeting. Thus, overall incomes are ...
Government approves nearly 500M Lei state aid to save TAROM
Tuesday, May 28, 2024
The government approved the state aid for TAROM, worth over 470 million lei, announced the Minister of Transport, Sorin Grindeanu, who says that the decision is an important step to save the company. “Today, in the Government meeting, we approved the state aid for TAROM! This aid, with a value of 471.04 million lei, is granted based on a decision issued by the European ...
Telecom.IT: ANCOM: Reported revenues of the Romanian telecom sector stagnated at €3.4 billion in 2023
Tuesday, May 28, 2024
The number of fixed Internet users choosing fibre-optic services reached five million by the end of 2023, up 13% on the previous year, while revenues earned by Romania's telecoms sector stagnated at €3.4 billion, according to a statistical data report published by the National Authority for Administration and Regulation in Communications (ANCOM) on the occasion of World Telecommunications and Information Society ...
Fixed wireless access is increasing across the country
Tuesday, May 28, 2024
Internet users in Romania last year recorded an average download speed of 587Mbps for fixed line internet in 2023, up by around 10% compared to 2022, and an average upload speed of 548Mbps, up by an impressive 20%, according to Romanian regulator ANCOM based on tests it carried out using its Netograf platform, which offers access to detailed statistics on several broadband quality parameters. In all the regulator carried out 85,000 fixed line tests, ...
Agriculture: Agricultural cooperatives in Romania double turnover in recent years
Tuesday, May 28, 2024
Agricultural cooperatives have doubled their turnover in recent years, and in 2022, the 1,235 entities that have submitted their financial statements reported a turnover of 4.26 billion RON, an increase of almost three times compared to 2020, reveals a research conducted by the Romanian Centre for European Policies (CRPE), within the project "CoopNet 3.0 - We increase the capacity of small farmers' cooperatives."At the same time, between 2017 and 2023, the ...
Tourism : Danube Delta voted 2024 Travel Destination in Eco-tourist Regions category
Tuesday, May 28, 2024
The Danube Delta was declared "Travel Destination of the Year" in the Eco-tourist Regions category of the 2024 Travel Destination competition organized on the namesake platform, which was judged by over 200 experts; a sociological survey also contributed to this result, the Institute for Visionary Cities (IOV) said in a release.Following the Danube Delta in the ranking is Tara Dornelor in the northern Carpathians and, third, with a tied score, ...
Agriculture: AON Agri Risk Management Conference: Identifying the most significant risks in agriculture and the solutions applied to mitigate them
Tuesday, May 21, 2024
Aon Romania, one of the global leaders in insurance brokerage, organized the event Agri Risk Management: National Conference on Agricultural Risk Management on May 14, in partnership with CSR Nest a statement sent by the organizers ...
USDA forecasts better grain crops in Romania this year
Tuesday, May 21, 2024
Romania's grain production in the 2023/24 marketing year (this year's crops) is likely to be better compared to the previous year due to improved acreage and yields, according to the latest forecast from the US Department of Agriculture (USDA), https://www.msn.com/ informs. Quality ...
AgriMin: Romanian products bearing high markup and import ones small marhup isn't fair
Tuesday, May 21, 2024
The Minister of Agriculture, Florin Barbu, announced, on last Thursday, that work is being done on the project regarding the limitation of the markup to all products processed in Romania, noting that "there is an unfair commercial practice out there, where Romanian products bear very high markup, while the imported products enjoy a very small markup."He explained, at the Victoria Palace, that all categories of imported products that are not processed or slaughtered and are ...
Romania ranks 3rd in EU Honey Exports for 2023
Tuesday, May 21, 2024
Last year, the member states of the European Union imported 163,700 tons of natural honey, worth 359.3 million euros, from countries located outside the EU bloc. In contrast, in 2023, only 24,900 tonnes were exported by EU member states outside the bloc. The value of these exports was 146 million euros, and the largest exporters were Spain, Germany, Romania, Hungary and Greece, according to the data published on Monday by the European Statistics Office ...
Cars: Registrations of eco-friendly cars up 46.8pct in Romania, in April this year
Tuesday, May 21, 2024
New cars registrations increased by 33.2 per cent in Romania, in April 2024, compared to the same period last year, with the "electrified" segment reporting a surge of 46.8% and a market share of 23.5% of the total market, reads data released by the Automotive Manufacturers and Importers Association (APIA) on Monday.In general terms, new cars registrations increased by 38.3% y-o-y, and by 40.9%, respectively, compared to March 2024.By type of fuel, gasoline ...
Healthcare: Romania's deeply imbalanced healthcare financing system-less than 6 ml employees carry the burden for 16 ml people
Tuesday, May 21, 2024
Less than six million Romanian employees pay out 10 percent of their earnings to ensure medical services for 16 million people, representatives of the National Trade Union Bloc (BNS) argue in a report published on Sunday."Less than 6 million employees in Romania provide approximately 70 percent of the financing of medical services for 16 million insured persons and another three million beneficiaries of minimum packages. With the upcoming protest that we will organize on ...