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Economic

 Jan - May car production up by almost 13 pct

Tuesday, June 21, 2022

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Romania's car production over January - May 2022 increased 12.73 percent from the year-ago period to 216,105 units, shows data with the Romanian Automobile Manufacturers Association (ACAROM). Of this total, 131,063 were Dacia cars and 85,042 - Fords.The car production this May was of 39,822 units - up 11.59 pct YoY. Of this total, 28,713 cars were produced by the Dacia Plant in Mioveni, and 11,109 rolled off the lines of the Craiova-based Ford ...

Real Estate: Report: Bucharest has some of the most affordable housing in EU

Tuesday, June 14, 2022

Housing prices in Bucharest are among the most affordable in the European Union (EU), according to a report released by real estate consultant SVN Romania based on Eurostat official statistics and data on national average wages and residential prices in EU capital cities.   Bucharest – Ilfov region is one of the most developed in the EU in terms of gross domestic product per capita expressed in PPS (EUR), a ...

New study confirms that Romania has the highest percentage of homeowners in Europe

Tuesday, June 14, 2022

A study by Compare the Market Australia has ranked 26 European countries on factors such as homeownership rates, average property price per square meter, and average monthly rent in each country to reveal the countries ...

Tourism: Doubletree Hotel by Hilton Oradea sold with 11 million euros

Tuesday, June 14, 2022

Doubletree Hotel by Hilton Oradea, classified with 4 stars and included in the SIF Hotels portfolio, controlled nu SIF Banat-Crisana, was sold. The transaction was made through direct negotiation, the final price being 11 million euros, over the higher limit of the price estimated in the evaluation report, a SIF Hotels report sent to Bucharest Stock Exchange shows.   A previous report shows the decision ...

Google Survey: Romanians' traveling intention in 2022 is higher than in 2019

Tuesday, June 14, 2022

The Romanians' intention to travel in 2022 is higher than in 2019, so that the volume of searches about traveling (destinations, accommodation, transport) was in May 2022 35% higher than in the same period of 2019. The holiday destinations most appreciated by Romanians are Greece, Turkey, Bulgaria, Italy, Egypt and Spain, while the most popular destinations for flights are Italy, Spain, Great Britain, Germany, France and Greece, according to Google ...

Infrastructure: Financial aid for regional airports with traffic between 200,000 and 300,000 passengers/year

Tuesday, June 14, 2022

President Klaus Iohannis promulgated the law setting up a state aid plan to support the activity of regional airports with annual traffic between 200,000 and 300,000 passengers in the context of the economic crisis generated by Covid 19 pandemic. The Ministry of Public Works, Development and Administration will manage the state aid plan.   The highest budget of the ...

Romanian-Bulgarian tie-up in 1.25 bln lei (253 mln euro) deal to build motorway section in Romania

Tuesday, June 14, 2022

Romania's road infrastructure company CNAIR said on last Tuesday that a consortium comprising local company Coni and Bulgarian civil engineering company Trace Group Hold signed a 1.25 billion lei ($270 million/253 million euro) contract to build the first section of a motorway that will connect Romania's historical regions of Moldova and Muntenia.   The 28.35 km-long section between Mizil in Prahova county and Pietroasele ...

Bulgaria, Romania to explore locations for five new bridges over Danube

Tuesday, June 14, 2022

Bulgaria and Romania are launching simultaneous feasibility studies at five locations on their respective banks of the Danube river with the aim of building five new bridges linking the two countries, Bulgaria's transport ministry said.   With dredging a priority for the Romanian side, Bulgaria will respond accordingly by starting dredging works on the Danube from June 20, the ministry said in a statement on ...

Blue Air Suspended Flights On 20 Routes During The Summer

Tuesday, June 14, 2022

The low-cost airline Blue Air recently canceled flights scheduled for the summer season on at least 20 air routes to and from Romania, according ...

Trade: InfoCons: 40% of Romanian young people buy counterfeit products on purpose

Tuesday, June 14, 2022

About 40% of young people in Romania have intentionally bought a counterfeit product, while 14% willingly accessed pirated content, according to a study made over February 7-28, published by InfoCons.   According to the same study, 61% of young Romanians prefer to access digital content from legal sources, compared to 60% at European level, and 50% in 2019. Some ...

Study: Almost 60 pct of Romanian retailers report increasing sales during pandemic

Tuesday, June 14, 2022

Approximately 60% of Romanian retailers reported increases in sales during the pandemic, while the number of online orders increased by 57%, according to a study conducted by the digital trading platform VTEX.According to VTEX data released on Tuesday, in order to adapt to the changes brought about by the pandemic, between March 2020 and March 2022, the companies made decisions such as: diversifying their portfolio (62%), increasing the marketing budget (48%) and ...

The retail turnover in April 2022

Tuesday, June 14, 2022

- Compared to March 2022, in April 2022 the retail turnover volume (excluding the trade with motor vehicles and motorcycles) increased both as gross series by 3.4% and as adjusted series according to the number of working days and to seasonality by 0.3%. ? - Compared to April 2021, in April 2022 the retail turnover volume (excluding the trade with motor vehicles and motorcycles) increased both as gross series and as ...

Cars: Green cars market in full development in Romania

Tuesday, June 14, 2022

  The EU trend for environment protection and reduction of CO2 emissions is also followed by Romania. The automobile industry is one of the important pillar backing this tendency by trying to become more and more “green”.   Thus Romania started counting for the chapter of electric and hybrid-plug in cars, while the recharge station network for these vehicles ...

Tourism : Approximately 1.4 million Romanians will visit Greece this summer

Tuesday, June 7, 2022

The Greek border authorities estimate that the number of Romanian tourists predicted for this summer will be approximately 1.4 million Romanian citizens, according to a press release sent by the Ministry of Foreign Affairs (MAE).A delegation from MAE was in the Greek Republic on May 27 and 28, where they had a series of technical meetings with representatives of Greek and Bulgarian local and regional authorities as well as with representatives of Greek ...

Accor to recruit and train over 600 hospitality professionals in Romania by 2025

Tuesday, June 7, 2022

Accor, world-leading hospitality group, announces its recruitment and professional growth plans for the upcoming years, in line with the group’s dynamic development pipeline in Romania. The group, which now employs more than 950 people in the country, will add over 600 new employees to its team by 2025, to support the opening and operation of more than 10 new hotels.   ”Hospitality offers more than the ...

Arrivals in accommodation units increase by 54.2% in April

Tuesday, June 7, 2022

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- Compared to April 2021, in April 2022, the arrivals in the establishments of tourists’ reception with functions of tourists’ accommodation increased by 54.2%, while the overnight stays increased by 58.7%. - Compared to April 2021, in April 2022 customs registered an increase in the arrivals 1) of foreign visitors of 188.7% and an increase of 136.9% in the departures1) abroad of the Romanian ...

ibis Styles hotel to open in Fagaras city in 2024

Tuesday, June 7, 2022

Group Accor announced on June 2 that it would open a new ibis Styles hotel in ...

Tourism offers among lowest salaries in Romania

Tuesday, June 7, 2022

Tourism is situated among the least paid sectors in the economy, tied with Sport & Wellness or Security and Protection, as such 82% of employees are earning below minimum wage, according to the data published by a recruiting platform.According to the data of Salario, the wage comparison from eJobs, 82% of employees are earning below average wage, which, in March, was 3,937 RON, according to a press release sent ...

Real Estate: Nordis group starts 26.4 mln euro development in Brasov

Tuesday, June 7, 2022

Romanian real estate developer Nordis said on Monday it started construction works on a 26.4 million euro ($28.3 million) development in Brasov.The deadline for its completion is set for the end of 2023, the company said in a press release.   Developed on a 13,000 sq m plot, the complex will consist of five low-height buildings, with a total of 158 hotel rooms and 43 residential ...

Infrastructure : Henri Coanda airport ranked fourth-worst in the world

Tuesday, June 7, 2022

Bucharest’s Henri Coanda airport, along with seven other European airports, was considered one of the worst in the world, according to a survey.   Conducted by AirHelp, a passenger rights organization operating in 30 ...

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