RSS
Economic
Romania is the EU's eighth sparkling wine producer
Tuesday, January 7, 2025
The European Union produced in 2023 a quantity of 1.496 billion liters of sparkling wine, dropping by 8% as compared to the situation of 2022, when the community block produced approximately 1.624 billion litres of sparking wine, show the data published by Eurostat.The main producers in the EU in 2023 were, in order Italy (638 million liters of sparkling wine), France (224 million litres of sparkling wine and 88 ...
Tourism: The favourite European destinations for Romanians in 2024 were London, Milan and Rome
Tuesday, January 7, 2025
London, Milan and Rome were the most visited cities this year by Romanian tourists, being, at the same time, the cheapest destinations from the point of view of flight tickets, according to an analysis made an online tourist agency."As expected, the top most visited cities in 2024 are London, Milan, Rome, Brussels, Barcelona, Madrid, Paris, Vienna and Istanbul, cities known either for their large Romanian ...
Real Estate : Optimistic Outlook for the Romanian Real Estate Market in 2025
Tuesday, December 24, 2024
Investors are optimistic when it comes to their Romanian portfolios over the next 12 months, a clear improvement compared with the previous year. According to the 3rd edition of the Cushman & Wakefield Echinox “Real Estate Investors Sentiment Barometer” conducted among the main real estate investors and developers in Romania, 64% of respondents forecast an increase in portfolio values, 30% expect stagnation, while only 6% anticipate a ...
Telecom.IT: Daily traffic of over 400 MB of mobile Internet and almost 3GB of fixed Internet in H1
Tuesday, December 24, 2024
Romanians consumed daily over 400 MB of mobile internet and almost 3 GB of fixed internet, in the first half of 2024, according to data made public on Tuesday by the National Authority for Administration and Regulation in Communications (ANCOM).According to the cited source, the number of 5G connections has reached almost 2.9 million, and a third of fixed internet connections offer Gigabit speeds (2.2 million connections of at least 1 Gbps). Total fixed internet traffic ...
Infrastructure: Wizz Air announces expansion of operations in Moldova
Tuesday, December 24, 2024
Wizz Air has announced it will establish a permanent base in Chisinau, Moldova. The airline will further expand its operations by allocating the second aircraft in summer 2025 and introducing three new routes. This upgrade will provide more than 360,000 additional seats on sale to and from Moldova. Passengers can already purchase tickets to 3 new direct flights from Chisinau ...
Henri Coanda Bucharest Airport undergoes modernisation works worth round 56 million lei
Tuesday, December 24, 2024
The National Company Bucharest Airports (CNAB) has completed the reception of the modernisation works planned for the second phase of the airport's movement area systematisation project, with a total value of 56.634 million lei.According to a press release from CNAB, the investment, which involved extensive works at several sites, is part of CNAB's strategy to increase the operational capacity of Henri Coanda Airport and optimise the operating conditions for ...
Agriculture: Average price of one hectare arable land in Romania stands at 41,624 lei/ha in 2023
Tuesday, December 24, 2024
The average price of one hectare of arable land in Romania was 41,624 lei/hectare (ha) in 2023. The lowest price was recorded in the North-East Region, at 35,303 lei/ha, while the highest value was reported in the Bucharest-Ilfov Region, with 61,360 lei/ha, according to data from the National Institute of Statistics (INS).Additionally, the average price of permanent pastures increased approximately 7.5% nationwide in 2023 compared to the previous ...
Number of agricultural holdings down by 1%, utilised agricultural area down by 1.7% in 2023 compared to 2020
Tuesday, December 24, 2024
The number of agricultural holdings decreased in 2023 by 1% and the agricultural area used by 1.7%, compared to the General Agricultural Census 2020, according to data from the National Institute of Statistics (INS).If in 2020, there were 2.887 million farms in Romania, three years later their number stood at 2.859 million, of which 2.834 million were without legal personality and 25,000 with legal personality. The number of agricultural holdings with legal personality ...
Deputies Chamber adopts Forestry Code; forest roads to be video-surveilled
Tuesday, December 24, 2024
The Deputies Chamber on Tuesday adopted the draft law on the Forestry Code, by a majority vote, which regulates the forestry regime, the governance of the forestry sector, the control of the application and compliance with the forestry regime, as well as its sanctioning regime.It also establishes the legal framework for the digitalised fight against illegal logging.Forest roads will be video-surveilled, with technical monitoring/recording systems, which ...
Tourism : Romania lags behind in Europe's tourism: Only a quarter of Romanians go on vacation
Tuesday, December 24, 2024
Romania is among the European Union countries with the lowest proportions of citizens going on vacation, as last year only 25% of Romanians aged over 15 spent at least one night in an accommodation unit compared to the EU27 average of 63% for the same age category, shows the Social Monitor, a project of the Friedrich Ebert Romania Foundation.According to the cited source, the data refer to the official statistics recorded by Eurostat.In terms of tourism, ...
Foreign tourists spent more than 5 B RON in Romania January through September
Tuesday, December 24, 2024
Non-resident tourists accommodated in collective tourist accommodation units spent an average of 2,982.8 RON/person in the first nine months of the year, the main reason for their stay being business trips, according to data released by the National Institute of Statistics (INS).In the third quarter of the year, non-resident tourists accommodated in collective tourist accommodation units spent an average of 2,811.5 RON/person.During the period January 1 - ...
Cars: Statistics: Vehicle trade business up 2.4pct ten months into 2024
Tuesday, December 24, 2024
The volume of turnover in wholesale and retail trade, maintenance, and repair of motor vehicles and motorcycles, as a gross series, recorded a 2.4% increase in the first ten months of this year compared to the same period in 2023, according to data the National Institute of Statistics (INS) published on Wednesday.According to the official statistics, during the period from January 1 to October 31, 2024, as part of the business growth in vehicle trade, positive results ...
Trade: Romania leads EU non-food retail growth, with consumption at historic highs
Tuesday, December 24, 2024
The level of consumption reached a historic high in 2024, and the market continues to present important growing opportunities, if the present trend is kept, say the experts Colliers in an analysis of the retail market.According to a press release of the company, acquisition of non-food goods increased by approximately 13% this year against last year, getting to values with 60% higher than the average between 2018 – 2019, ...
E-commerce in Romania reaches 11.7 billion euro in 2024
Tuesday, December 24, 2024
The value of electronic commerce in Romania represents 3.4% of the Gross Domestic Product (GDP) this year, equivalent to 11.7 billion euro, according to a report by the Romanian Association of Online Stores (ARMO), which quotes estimates from the European E-commerce 2024 report.According to an ARMO press release, Romania ranks third in Central and Eastern Europe, after Poland and the Czech Republic."The development of electronic commerce reflects the ...
Tourism : Harghita County awarded title of European Region of Gastronomy in 2027 by IGCAT
Tuesday, December 17, 2024
Harghita County will be the European Region of Gastronomy in 2027, according to the official decision of the International Institute of Gastronomy, Culture, Arts and Tourism (IGCAT), announced the Harghita Intercommunity Development Association (Visit Harghita) in a press release."In 2027, Harghita County will bear the title of European Region of Gastronomy, according to the official decision of IGCAT (International Institute of Gastronomy, Culture, ...
Christian Tour Acquires TUI Travel Center Romania
Tuesday, December 17, 2024
The travel agency Christian Tour is taking over the agency network of TUI Travel Center Romania, thus becoming the company with the largest number of physical agencies, nationally, the company announced on Wednesday. The transaction exceeds 1 million euros and will be completed by December 31, as part of Christian Tour’s strategy to prepare for listing on the stock ...
Agriculture: Animal slaughter, meat production increase for all species and poultry in October
Tuesday, December 17, 2024
The number of animal slaughters and carcass weight (production) increased for all animal species and poultry in October this year, compared to the same period in 2023, according to provisional data the National Institute of Statistics (INS) published on Tuesday.Thus, during the analysed period, 43,000 cattle were slaughtered (compared to 40,000 cattle in October last year), 343,000 pigs (vs. 302,000 in the previous year), 322,000 sheep and goats ...
Real estate: Bucharest and Cluj rents, among the highest in Europe
Tuesday, December 17, 2024
The price of rents are growing rapidly everywhere in Europe, but Bucharest and Cluj, are two cities in EU with the highest increases, according to the Social Monitor, a project of Friedrich Ebert Stiftung Romania. In Cluj, 2023 rents were 80% higher than in 2015, while in Bucharest the rise was 51% in the same period. Among cities included in the study, only in Berlin and Athens the average price increases for renting an apartment with one bedroom were higher. Data came ...
About 60,000 houses sold in November, 9,583 fewer than in October
Tuesday, December 17, 2024
About 60,000 houses were sold in November, most of them in Bucharest and Ilfov and Brasov counties, according to the National Cadastre and Real Estate Advertising Agency. “58,415 houses were sold throughout the country in November 2024, 9,583 fewer than in October. The number of houses, lands and apartments sold in November is by 4,874 smaller than in the same period of 2023,” according to a ...
Building industry in Romania underwent difficult economic situations in 2024
Tuesday, December 17, 2024
The building industry in Romania underwent several difficult economic factors in 2024, which seriously affected company activity in that sector, when the state eliminated fiscal facilities and delayed payments to constructors, leaving many entrepreneurs to face unstable cash flows, according to a specialized analysis. Moreover, banks offering credits for constructions applied high interest rates, ...