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Rel Estate: Over 50% of all industrial and logistics spaces in Romania are in Bucharest-Ilfov
Tuesday, March 14, 2023
At the end of last year the stock of industrial and logistics spaces in Romania reached 6.45 million sqm, more than 90% of these spaces being located in Bucharest and in the West, South-Muntenia, North-West and Center regions, reveals the "Romania Industrial & Logistics Market" report published on Tuesday.Data centralized by Cushman & Wakefield Echinox show that the Bucharest-Ilfov region currently has a stock of over 3.24 million square meters of storage ...
Number of completed housing units in Romania up by more than 1,900 units in 2022
Tuesday, March 14, 2023
A total of 73,332 housing units were completed in Romania in 2022, by 1,927 more than the previous year, shows data released on Friday by the National Institute of Statistics (INS).In the last quarter of last year, 20,538 housing units were handed over, down by 1,246 compared to the same period in 2021.A breakdown by area of residence shows that in 2022, of the 73,332 completed dwellings, there was a decrease in the share of these housing units ...
Deloitte Study: Real estate companies in Romania and in the region expect market activity to decrease this year
Tuesday, March 14, 2023
More than half of real estate companies in Central and Eastern Europe expect market activity and investment volumes to decrease, amid uncertainties related to the evolution of the conflict in Ukraine, but a similar percentage (46%) estimate current investment average yields to increase, according to Deloitte 2023 Real Estate ...
Healthcare: Estimated prevalence of chronic kidney disease is up to 10% in Romania
Tuesday, March 14, 2023
The estimated prevalence of chronic kidney disease in Romania is up to 10%, the minister of Health, Alexandru Rafila, announced on Thursday.According to the minister, only one out of ten people suffering from this disease is discovered in its early stages.Alexandru Rafila was present on Thursday at a press conference on the occasion of the launch of the national information and awareness campaign for chronic kidney disease dubbed "Cardiovascular ...
Over 3,000 generic drugs have disappeared from the market in recent years
Tuesday, March 14, 2023
More than 3,000 generic medicines have disappeared from the market in recent years, warned Thursday the representatives of the Romanian Generic Medicine Manufacturers Association (APMGR) in a press release."Patients in Romania have been paying more and more for medicines in recent years due to the pricing and charging policies established by the government, to which is added the accelerated increase in production costs, generated by the pandemic and the war ...
Agriculture: The European Commission has reimbursed Romania 264 million euros for EAFRD projects
Tuesday, March 14, 2023
Over 264 million euro were reimbursed to Romania in March from the European Commission (EC) for the projects in the European Agricultural Fund for Rural Development (FEADR), shows a press release of the Agency for the Financing of Rural Investments (AFIR), sent on Friday.The transfer of the total sum of 264,043,355 euro at the beginning of March this year represents the expenses made through AFIR and required for payment by Romania for ...
Minister Daea: Every year we bring to Romania from the EU around three billion euro for agriculture
Tuesday, March 14, 2023
Approximately three billion euro from the budget of the European Union is allocated, annually for agriculture in Romania, said on Thursday in Botosani the minister of agriculture and rural development Petre Daea.Present in the Botosani county for the promotion of the opportunities for financing through the National Strategic Plan 2023 – 2027, Daea said that European money is necessary to cover the financial ...
Only 74 non-food products, traded in Romania have a European ecological label
Tuesday, March 14, 2023
Only 74 non-food products in Romania have a European ecological label and carry the sign of the European flower, for the rest either the agreement was not required for the EU sign or the criteria were not followed at European level, informs the National Agency for the Protection of the Environment (ANPM) in a press release sent on Friday.‘The shelves in shops are ...
Real Estate: Colliers : The Romanian retail market remains among the most profitable in the region
Tuesday, March 7, 2023
The retail market in Romania remains among the most profitable in the region and there are new brands that still want to come here this year, Colliers Romania Retail Agency Director Liana Dumitru told a specialist conference on last Friday."We ended a rather difficult year with many challenges, but also with results beyond expectations. We witnessed a rapid rebound in consumption after the lifting of restrictions, with the arrival of summer, high traffic in shopping ...
Romania in the top 3 of VGP’s new leasing contracts, in 2022, with EUR 5.2 million
Tuesday, March 7, 2023
VGP, a European provider of high-quality logistics and semi-industrial real estate, announces the results for the financial year ended 31 December 2022. VGP reports strong rental activity with € 73.4 million of signed and renewed leases bringing the annualised committed leases to € 303.2 million, a 18.4% YoY increase; 44 projects delivered representing a record 1,141,000 m² and € 71.9 million of annualised rental income; 26 projects under construction at year-end ...
Infrastructure: Air transport up 87.6pct in 2022
Tuesday, March 7, 2023
Air passenger transport increased by 87.6pct, in 2022, compared to the previous year, with 20,971,800 passengers recorded, compared to 11,176,800 passengers in 2021, according to the data released by the National Institute of Statistics on Friday.The largest shares in terms of passenger transport were registered at the Henri Coanda airport in Bucharest, with 6,338,200 passengers embarked and 6,251,000 disembarked, Avram Iancu airport in Cluj-Napoca, with 1,333,000 ...
Tourism : Arrivals in tourist accommodation units up 24.4pct in Jan
Tuesday, March 7, 2023
Arrivals registered in tourist accommodation units (including apartments and rooms for rent), in January 2023, totaled 784,000 people, an increase by 24.4pct compared to January 2022, according to data released by the National Institute of Statistics (INS) on Thursday.Of the total number of arrivals, in January 2023, those of Romanian tourists in tourist accommodation units represented 84.5pct, while foreign tourists accounting for only 15.5pct.The overnight ...
Accor to open a new Mercure Hotel in Bucharest
Tuesday, March 7, 2023
Accor, a world-leading hospitality group, announces the opening of a new Mercure hotel in Bucharest, in the fall of 2023. The new opening follows the conclusion of a franchise agreement with local company Sab Serv Expres SRL. The hotel will operate in a fully refurbished building on Dimitrie Cantemir Blvd., close to Unirii Square and the Old City Centre. Mercure Bucharest Cantemir will offer travellers coming to Bucharest and the local community 40 ...
Telecom.IT: Average upload speed for fixed internet increases by more than 50% in 2022
Tuesday, February 28, 2023
The average upload speed for the fixed internet increased by over 50% last year, compared to 2021, and the download speed registered a 17% advance, according to the statistics developed by the National Authority for Administration and Regulation in Communications (ANCOM) based on the tests carried out within the Netograf platform."In 2022, users in Romania experienced an average download speed of 533 Mbps for fixed cable internet, an increase ...
IT industry keeps growing despite ongoing crises
Tuesday, February 28, 2023
The information technology (IT) industry is going through difficult times, just like many other industries around the world. US giants appear to be the most cautious at the beginning of 2023, announcing layoffs in the tens of thousands and citing concerns about a potential economic recession. Fortunately, this has not been the case in Romania, where the deficit of qualified employees is estimated at around 10,000 every ...
Cars: PwC Report: Electric car sales grew by 28% in main European markets in 2022
Tuesday, February 28, 2023
The main European car markets recorded a 28% sales increase for electric cars (BEV), in 2022 compared to the previous year, according to a report released by PwC on Thursday. The analysis, made by “Strategy&”, the world strategy department from the PwC networ, shows that in quarter 4, 2022, sales recorded a 39% advance, reported to the same period of ...
Romanian car market, 31 pct increase in January, compared to 10 pct European average
Tuesday, February 28, 2023
Car sales in Europe increased in January 2023 for the sixth month in a row, and the Dacia brand sold more cars than Peugeot or Renault, according to data published on Tuesday by the European Automobile Manufacturers Association (ACEA).This association, which represents the 16 largest car manufacturers in Europe, reported that 911,064 cars were registered in January 2023 in the European Union, Great Britain and the EFTA countries (Iceland, Liechtenstein, Norway and ...
Local automotive industry looking at huge investments this year
Tuesday, February 28, 2023
Automotive is one of the most important industries in Romania, with a GDP contribution of over 28 percent, according to Economy minister Florin Spataru. There are over 500 companies operating in the sector, employing more than 230,000 workers and covering almost a third of all exports. “The pandemic has accelerated the electrification process and has pushed for the development of new projects, which can now also be ...
Healthcare: Private medical system covering gaps in public healthcare
Tuesday, February 28, 2023
The private medical services industry has been growing rapidly over the past 10-12 years. The industry grew along with the economy and the population’s purchasing power. Offering a much needed alternative to the public health system, private services have been welcomed by Romanian people. The latest estimates show that private clinics providing specialised medical assistance reached well over EUR 2 billion in ...
Tourism : Gov’t approves a state aid scheme for spa tourism operators
Tuesday, February 28, 2023
The government analysed a memorandum approving a state-aid scheme for business operators investing in spa tourism, Prime Minister Nicolae Ciuca said on last Wednesday."An important document for the business community is the memorandum from the Ministry of Entrepreneurship and Tourism, a memorandum approving a state aid scheme that comes to support operators who invest in spa tourism," Ciuca said at the beginning of a government sitting.He added ...