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Economic
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 ...
Telecom. IT: DIGI: We're not behind with implementing 5G in Romania
Tuesday, May 21, 2024
The implementation of 5G technology is not behind in Romania, but at the moment the main applicability is that of improving the capacity of the networks, said Valentin Popoviciu, vice-president of DIGI, at a specialized event on Friday."Don't worry, that's the answer, because actually 5G is a development of the 4G, actually. Why is that, when we did talk about frequencies available for the 5G at the European level, at the US level? Well, I think the operators actually ...
ANCOM: 5G connections in Romania have tripled in the last year, yet still unsatisfactory outcome
Tuesday, May 21, 2024
The number of 5G connections in Romania has tripled in the last year, up to 2.3 million, but, from my point of view, it is still an unsatisfactory outcome, with 11% of the total, on Friday said Valeriu Zgonea, the president of the National Authority for Administration and Regulation in Communications (ANCOM), at the "Communications for the Future: Innovation and Research in the Digital Era" workshop, dedicated to the World Day of Telecommunications and the Information ...
Tourism :'Attractive Romania' platform expected to increase number of foreign tourists by 20pct
Tuesday, May 21, 2024
The 'Attractive Romania' programme is an important step the country is taking to reactivate lesser-known but relevant cultural objectives for national and European history and culture, Razvan Popescu, undersecretary of state with the Ministry of European Investment and Projects (MIPE), said."The 'Attractive Romania' programme is a step forward towards rediscovering and enhancing our history and culture from a tourism perspective. We have an extraordinarily beautiful ...
Infrastructure: PM Ciolacu: Turning Port of Constanta into main logistics hub at Black Sea, essential objective
Tuesday, May 21, 2024
Turning the Port of Constantia into the main logistic hub on the Black Sea is an essential objective for boosting regional resilience and with increased relevance at the time of launching Ukraine's reconstruction process, said on Wednesday, prime minister Marcel Ciolacu, who attended the opening of the event dubbed DP WORLD - 20 years of efficiency and innovation in Romania and also in the operationalisation of the new port infrastructure investment within the National Company Maritime ...
Bacau to be connected to Paris and Dortmund through flights operated as of autumn
Tuesday, May 21, 2024
The municipality of Bacau will be connected by air with Paris and Dortmund, after one of the airline operators announced that it will operate flights to the two destinations as of autumn."From autumn, operator Dan Air will introduce two new destinations: Paris and Dortmund, for the first time from Bacau airport," president of Bacau County Council Valentin Ivancea said on Monday.Aeroitalia will also increase the frequency of flights to Bergamo to 6 flights per ...
Airline AnimaWings to launch new routes on domestic and foreign destinations starting September 15
Tuesday, May 21, 2024
Romanian airline AnimaWings announces five new routes, as of September, which will be served by Airbus A220-300 planes, while the main hub will be the Henri Coanda International Airport Bucharest.According to a press release of the company, the domestic routes include flights between: Bucharest and Cluj-Napoca, currently five weekly frequencies, from Monday to Friday; Bucharest and Iasi, currently six weekly frequencies, from Sunday to Friday; Bucharest and Oradea, for now ...
New passenger terminal of Oradea International Airport opens gates after 40 M euros investment
Tuesday, May 21, 2024
The new passenger terminal of the Oradea Airport, an investment of 40 million euros with European funds, opened its gates on SaturdayThe two new terminal buildings, which were mainly arranged on the ground floor, but also, in part, on the first floor/mezzanine, cover a four times larger surface than the old terminal, i.e. 12,900. square metres and serve departures and arrivals at the airport, respectively, with six gates boarding, three for Schengen ...
Trade: e-commerce sector at roughly EUR 7 bn in 2023
Tuesday, May 21, 2024
Romania's e-commerce sector is estimated at roughly EUR 7 billion as of the end of 2023, about 10 percent higher than that the figure recorded in 2022 (EUR 6.3 billion), show estimates by GPeC, ARMO and the main actors in the field."The value of EUR 7 billion refers to all transactions generated in Romania, both to local merchants and to online stores outside country borders, and strictly represents the e-tailing segment, i.e. the physical (tangible) products that were ...
Real Estate: Real estate market recovers; higher prices for new apartments in Bucharest
Tuesday, May 14, 2024
Prices of new apartments are highest in Bucharest, recording an advance of 17% against the same period of 2023, according to an analysis made by Imobiliare.ro. The analysis of price evolutions in the largest cities in the country shows that prices of new apartments are highest in Bucharest where the present average prices per square meter in 1,850 ...