Loading page...

Romanian Business News - ACTMedia :: Services|About us|Contact|RSS RSS

Subscribe|Login

Economic

Healthcare: Eurostat: Almost 71% of Romanians perceive their health as good or very good

Tuesday, April 9, 2019

Seven out of ten people aged 16 or over living in the European Union (EU) rated their health status as good or very good in 2017 (70%). In contrast, fewer than one in ten (8%) assessed their level of health as bad or very bad in the same year. The classification includes five levels of self-perceived health status: very good, good, fair, bad and very bad. Among the EU Member States, the highest share of the population aged 16 or over who perceived their health as good or very ...

Trade : GfK Study: Index on Romanian consumers' confidence determined by pessimistic forecasts for most chapters

Tuesday, April 2, 2019

190402110638consumer_confidence_word_cloud_450w_202554910.jpg

Romanian consumers did not recover in 2018 the confidence in economy they had the previous year and became reticent on the background of tensions in the monetary market (ROBOR increase) and the uncertain economic situation, according to a study made by GfK, an analysis and study company, on consumer confidence. In these conditions, the Consumer Climate index measured by GfK is still negative, in the pessimistic area ...

Real Estate: New office and residential pole emerges in northern Bucharest

Tuesday, April 2, 2019

The area in northern Bucharest known as “Expozitiei” due to its proximity to the city's main exhibition center - Romexpo is turning into the city's new pole for office and residential developments. Developers have announced the construction of over 200,000 square meters (sqm) of office spaces and 3,000 housing units in the area, in the next five years, according to an analysis by the real estate consultancy company ESOP Consulting and ...

Futureal to pour EUR 100 mln in residential developments in Bucharest

Tuesday, April 2, 2019

Hungarian group Futureal, one of the biggest real estate investors in Central-Eastern Europe, has acquired four land plots in northern Bucharest and plans to develop residential projects for the medium and medium-high customers category under a broader EUR 100 million plan. Cordia Romania, the local subsidiary of Futureal's residential division Cordia, will develop the projects. “Cordia Romania aims to develop 500 ...

Cars: Romania, 4th in the EU in car exports

Tuesday, April 2, 2019

Despite the legal framework amendments in the economic field, in the past years, the Romanian auto industry has achieved remarkable performances last year. Thus Romania has become the 4th car exporter in the European Union, right behind Germany in the rankings. Romania exported in 2018 to the EU by 450,000 cars more than it imported and is on the 4th position in this regard, CarIndustryAnalysis informs. There are two ...

Agriculture: Romania, second in Europe for bee growing

Tuesday, April 2, 2019

190402110729honeycombs_closeup_450w_351385931.jpg

Romania ranks second in Europe for bee growing, said Etienne Bruneau, the president of the Commission of Science and Technology of Apiculture Product Quality within Apimondia, present at “Honey Celebration” in Blaj, an event hosting the most important conference in Europe, “BeeCome”. Other representatives of beekeeper associations in Europe, like Walter Haefeker, the president of the Association of Professional Beekeepers in ...

Romania ranks first in EU at cultivated area and grain maize and sunflower production

Tuesday, April 2, 2019

Romania ranked first among the EU member states in 2018 in terms of the cultivated area and the production of grain maize and sunflower, according to the National Institute of Statistics.As regards wheat, Romania ranks fourth in the area under cultivation, after France, Germany, Poland, and in production, after France, Germany and the United Kingdom, and in potatoes it ranked fourth in the cultivated surface, after Poland, Germany, France and seventh in ...

Romania has, after Ukraine, the largest areas registered with World Heritage Forest Programme

Tuesday, April 2, 2019

Romania has the second largest area of forests registered with the UNESCO World Heritage Forest Programme after Ukraine, Romania's Minister of Waters and Forestry Ioan Denes told an international World Heritage Beech Forests workshop hosted by Sibiu City on Thursday."The year 2019 is an important year to Romania, given that it had committed to organising this Sibiu workshop this year to develop a best practice guide on forest management in the UNESCO buffer zone. ...

Telecom. IT : ICT Consultative Council: Highly developed 4G technology required for switch to 5G

Tuesday, April 2, 2019

The 5G technology industry will solve the gap among countries and continents, but to implement it the 4G networks must be highly developed, Ion Vaciu, chairman of the ICT Consultative Council, told a specialist conference on Thursday."5G means a new paradigm, other than speed, an integration of technologies into a new vision that will mean almost zero latency, and extremely high speed not necessarily for downloading movies on the net, but rather a sophisticated ...

Mobile phone accessories market up 40 percent to 4 million units in 2018

Tuesday, April 2, 2019

Avenir Telecom, one of Romania’s largest distributors of phones, accessories for mobile phones and telecommunication services, is expanding its mobile phone accessories segment and introduces Celly’s high quality Celly accessories from Celly SpA, one of the leading manufacturers and distributors of the Italy mobile phone accessories market. For Avenir Telecom is a new expansion of the distribution segment after the company introduced the ...

Infrastructure : Romania- Hungary discuss project of building road infrastructure for high speed train

Tuesday, April 2, 2019

The project of building railway infrastructure for a high speed train connecting Bucharest and Budapest was on the agenda of consultations held between Dragos Tintea, secretary of state in the Ministry of Transports and a Hungarian delegation headed by Laszlo Mosoczi, secretary of state in the Ministry of Innovation and Technology. The agenda of the meeting included transport infrastructure projects of interest for both parties, such as building ...

CFR Calatori: 1,366 trains circulated daily in 2018, 4.3% fewer than in 2017

Tuesday, April 2, 2019

The number of passenger trains which circulated daily in 2018 was by 4.3% smaller, 24 train cars were modernized  and more than half of passenger complaints had in view travel conditions, the Activity Report of CFR Calatori for 2018 shows. “In 2018, an average  of 1,366 trains circulated daily , 4.3% fewer than in 2017. As part of public service obligations, 1.082 trains were operated in 2018, 4.7% fewer than in 2017. That fact was ...

Funds worth EUR 1.2 bln to be allotted to Targu Neamt-Iasi highway

Tuesday, April 2, 2019

Government will allot EUR 1.2 billion from the state budget to build Targu Neamt-Iasi highway section in public-private partnership. The Gov’t claims the highway is estimated to be concluded in four years. “The project stipulates the construction of 68 km of highway, and the economic effects to attract investments in this region, but also social effects are obvious, the more the motorway is connecting tot the high-speed road ...

Tourism: Ministry of Tourism: Bringing labour force from Asia in tourism industry,  short term solution

Tuesday, April 2, 2019

The solution of bringing labour force from Asia in hospitality industry in Romania is a short term one and we must consider medium and long term variants, said Cristina Ionela Tarteata, secretary of state in the Ministry of Tourism. According to Calin Ilie, the president of the Federation of Hotel Industry in Romania (FIHR), the labour force deficit in tourism industry in Romania is 20%, reported to the 500,000 people employed in the field directly or ...

Estimated growth  of balneary tourism in Romania for 2019

Tuesday, April 2, 2019

190402110940calimanesti_web.jpg

The president of OPTBR, Nicu Radulescu, declared at a press conference in Targu Mures,  that an increase by 20-30% of the number of tourists is foreseen for 2019. The increase was about 1 million last year. “I think old markets such as Israel, will come back. Germany will return because big investments are being made on the littoral too. More interesting markets from Asia will start coming to Romania, I refer to Japan, first of all. We could ...

Turnover of Romania's hotel industry, estimated at EUR 1.2 bln in 2018

Tuesday, April 2, 2019

Romania saw an increase in both the accommodation capacity and the number of accommodated tourists in 2018, the accommodation capacity being 1.6% higher than in 2017 while the number of tourists increased by 6.7% compared to the previous year, according to Crosspoint Real Estate, international associate of Savills in Romania. In fact, according to Savills’ latest European hotels trend report, Bucharest, Lisbon, Budapest and Prague have all ...

Infrastructure: Romania’s airport traffic up 8 percent in 2018

Tuesday, March 26, 2019

190326114024people_traveling_luggage_walking_airport_450w_521704717.jpg

Passenger air transport in Romania increased last year by 7.9 percent compared to 2017, with 21.81 million travellers, most of whom travelled through the Henri Coanda Airport in Bucharest, according to data provided by the National Institute of Statistics. There were 6.95 million passengers who departed from the Henri Coanda Airport and 6.86 million who arrived on the airport, followed by Cluj Napoca’s Avram Iancu Airport (1.4 million departed ...

TAROM cancels several routes due to low passenger numbers 

Tuesday, March 26, 2019

Following an order by the Transport Ministry, national airline TAROM has announced it would cancel six routes between Romanian cities and destinations in Germany, France and Moldova. Transport minister Razvan Cuc says that the reason for the cancellations is that these flights are usually almost empty, with no more than 10-20 passengers. He blames the former manager of TAROM, Werner Wolff, who was just replaced last week, for launching these flights in ...

Agriculture: Eurostat: 43% of the EU is covered with forests

Tuesday, March 26, 2019

The European Union (EU) had close to 182 million hectares of forests and other wooded land in 2015, corresponding to 43 % of its land area. Wooded land covers a slightly greater proportion of the land than the area used for agriculture (some 41 %). In seven EU Member States, more than half of the land area was wooded in 2015. Just over three quarters of the land area was wooded in Finland and Sweden, while Slovenia reported 63 %. The ...

Trade: eCommerce market could grow 30 percent this year

Tuesday, March 26, 2019

190326114105colorful_paper_shopping_bags_trolley_450w_575822173.jpg

The eCommerce market may grow by 30 percent this year amid the increased confidence in the online commerce, according to VTEX. Yet, investments in IT and marketing departments are less than 2 percent of revenues, below the 7 percent global average. According to VTEX, a global provider of eCommerce solutions in the cloud for large companies, the share of Millennials generation customers is growing in the total number of customers who order online, and ...

Premium News

Daily

Friday, April 19, 2019

Financial & Banking

Monday, April 15, 2019

Economic

Tuesday, April 16, 2019

Companies

Wednesday, April 17, 2019

Energy & Environment

Thursday, April 18, 2019