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Agriculture: Wine market in Romania will drop by 5.5% in 2020 to 1.7 billion lei

Tuesday, January 5, 2021

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The business figure recorded by the wine market in Romania in 2020 will be about 1.7 billion lei, on the drop by 5.5% compared to the result reported in 2019, according to an analysis made by KeysFin.   At 2019 level, the local wine market was about 1.8 billion lei, on the drop by 11.4% compared to the previous year.   According to a ...

Cereal production in 2020,17 million tonnes, lower by 44% from 2019

Tuesday, January 5, 2021

The total production of Romanian grain cereal dropped this year to almost half from 2019, due to the prolonged drought which affected some agricultural areas in the country, reaching a bit over 17 million tonnes, according to the data supplied by the Ministry of Agriculture and Rural Development (MADR).If last year the harvest of grain cereal obtained from 5.56 million hectares surpassed 30,41 million tonnes, this year the grains were "gathered" from a ...

Wheat and corn exports down 14 pct over Jan - Sept 2020

Tuesday, January 5, 2021

Romania's wheat and corn exports over January - September 2020 amounted to 7.64 million tons, down by almost 14 percent YoY, while revenues dropped 11.4 percent to 1.47 billion euros, according to data provided by the Ministry of Agriculture and Rural Development (MADR).For a comparison, in the first nine months of 2019, Romania exported to EU and non-EU countries 8.87 million tons of wheat and corn worth 1.65 billion euros.According to the ...

Telecom. IT: Incomes of telecommunications sector dropped by 4% în in the first half of 2020

Tuesday, January 5, 2021

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Incomes in the telecommunications sector recorded a drop of 4% in the first half of the year to 8 billion lei (1.7 billion euros), according to the National Authority for Management and Regulation in Communications (ANCOM). At the same time there was an important Internet traffic  of 33% in the same period of 2020.   According to incomes obtained in the first ...

Romania, among the largest increases in EU communications spending in the last decade

Tuesday, January 5, 2021

According to Eurostat, the statistical office of the European Union, in 2019, households in the EU spent €175 billion (equivalent to ...

Real Estate: ANALYSIS: The real estate investment market will end 2020 growing by 40% compared to 2019

Tuesday, January 5, 2021

Romania is preparing to close probably the most difficult year for the local economy after the 2009-2010 recession, but results surpassed the pessimistic expectations seen during the spring period. 2020 was one of the peaks of the current economic cycle in terms of investments in commercial real estate assets, according to Colliers International. The industrial and logistics sector had another very good year, and in the office sector we can already see some positive signals, ...

Trade: Analysis: Food, toys, books, jewelry and sports and household products register highest online sale increases this year

Tuesday, December 22, 2020

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Food, products for sport and fitness, toys, books, jewelry and household goods are categories which recorded the highest online sale increases at world level. Online sales of food and necessary products  needed for the “new normality” grew up to 400% since the beginning of the Covid 19 pandemic, shows an analysis made in 40 countries, Romania included, by  VTEX, a completely integrated trade solution, marketplace and Order Management ...

Health: Big pharmacy chains sign agrrement to help distribute anti-Covid 19 vaccine

Tuesday, December 22, 2020

Members of the Association of Pharmaceutical Distributors and Retailers in Romania (ADRFR) signed a solidarity pact about ensuring  technical conditions needed to facilitate the Romanian patients' access to anti-Covid 19 vaccine and support authorities to implement the strategy and action plan for vaccination, according to a press release of the Association.   ADRFR gathers the main pharmaceutical ...

Telecom. IT: Local software market reaches 8.2 billion euros in 2020

Tuesday, December 22, 2020

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The software industry in Romania will grow by 12.5% in 2020, reaching a business volume of about 8.2 billion euros, according to estimates of KeysFin specialists. However,  the increase is more temperate than in 2019, when the sector recorded a business figure of 7.3 billion euros, 20% higher than in 2018 and over 69% reported to 2015.   The software industry in ...

Tourism: Romania has three new tourist resorts of local interest in Mehedinti and Bihor counties

Tuesday, December 22, 2020

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Bala (Mehedinti county - photo), Beius and Madaras (Bihor county) were attested as tourist resorts of local interest, the Ministry of Economy, Energy and Business announced. Until now 52 tourist resorts of national interest and 90 resorts of local interest have been attested in Romania.   Bala commune, located in a hilly area, is an old settlement, attested by ...

Study: Over 60% of accommodation units are open for holiday season

Tuesday, December 22, 2020

Over 60% of accommodation units are open for the holiday season at maximum  capacity, while 49% offer special packages for winter holidays, 15% smaller than last year, according to a study made by Travelminit.ro booking website in November. 34% of hotel owners confirmed that their units is completely or partially booked for Christmas, while 12% are partially occupied, functioning at reduced capacity, and 17% of units are not ...

Spending by non-resident tourists in Romania at 190.4 mln lei in Q3, 2020

Tuesday, December 22, 2020

The total number of non-resident tourists checked in with Romania's collective tourist accommodation facilities in the third quarter of this year was 95,000, their spending amounting to 190.4 million lei, informs the National Institute of Statistics (INS).During the mentioned period, the non-resident tourists who arrived in Romania spent, on average, 2,005 lei / person.According to INS data, in Q3, 2020, 59.8% of the non-resident tourists came to ...

Infrastructure: Passenger air transport dropped by 65% in first 9 months of 2020

Tuesday, December 22, 2020

Passenger air transport recorded a drop of 65.5% in the first 9 months of 2020, the number of passengers being reduced from 17.706 millions to 6.11 millions, according to data centralized by the National Statistic Institute.   The main countries (according to the airport of origin) from where passengers of regular flights came to Romania were: United Kingdom -542,061 passengers, Italy 397,329 passengers, ...

Gov't: Over 20 million lei to support activity of regional airports

Tuesday, December 22, 2020

The Government approved, in Thursday's meeting, the allocation of the amount of 20.72 million lei from the Budget Reserve Fund at the disposal of the Executive for supporting the activity of the regional airports of Cluj, Iasi, Sibiu, Dolj and Bacau, with a traffic between 200,000 - 3,000,000 passengers / year, to compensate for the losses registered during March - June as a result of the COVID-19 pandemic.According to a press release of the Ministry of ...

Real estate: Largest real estate project in Romania of over 700 million euros launched in Cluj

Tuesday, December 22, 2020

The largest real estate project in Romania, called Transylvania Smart City, is ready to be launched. It will include 10,000 apartments, a mall, schools, supermarkets, a hotel and an aparthotel, office areas, parks and conference rooms. Works are scheduled to start in January 2021 and the investment will exceed 700 million euros, according to Profit.ro.   The first stage, whose construction will start in ...

Luxuria Residence delivers the second development phase with 268 apartments

Tuesday, December 22, 2020

Impact Developer & Contractor delivers the second phase of the residential compound Luxuria Residence, located in Expozi?iei area. The new development phase includes 4 high-quality buildings with a total of 268 premium units, an indoor park of 2,500 sqm, a lounge, and a fitness center for the residents.   Luxuria Residence reaches a total of 500 finished apartments, corresponding to the first two stages of ...

Skanska sells two office buildings in Bucharest for 97 mln euro to S IMMO

Tuesday, December 22, 2020

Sweden-based property development and construction group Skanska said on Monday it has sold the Campus 6.2 and 6.3 office buildings in Bucharest to Austria-based real estate company S IMMO  AG for 97 million euro ($117.6 million). "This is the buyer’s first acquisition with Skanska and the largest transaction Skanska has concluded on the Romanian market thus far," Skanska said in a press ...

Cars: Romania's car market, down 26.2% in first 11 months

Tuesday, December 22, 2020

The Romanian car market decreased by 26.2% in the first 11 months of the current year, compared to the same period in 2019, although in the last three months car sales returned to a upward trend, reveals the data published on Monday by the Association of Car Makers and Importers (APIA).Against the background of a difficult year as a result of the health crisis, the Romanian car market still records three consecutive months of increases in vehicle ...

'Green' car sales up approximately 22pct 11 months into 2020

Tuesday, December 22, 2020

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More than 7,300 new 'green' cars were sold in the first 11 months of the year in Romania, up almost 22% compared to the same period in 2019, according to the Association of Car Manufacturers and Importers (APIA) data.The share of new electric and hybrid cars in the total local car market was 6.7%, on November 30, 2020, above the level of the similar period in 2019, when it was 4.1%.According to the quoted source, between January and November 2020, most ...

Agriculture: AFIR: 5.7 million-euro non-reimbursable funds for farms risk management and prevention

Tuesday, December 22, 2020

The non-reimbursable funds granted through the National Rural Development Programme 2014 - 2020 for the management and prevention of risks in farms exceeded 5.7 million euro, and the number of beneficiaries reached 2,574 farmers, the Paying Agency for Rural Investments (AFIR) announced on Friday.This financial support granted to active farmers is 70% of the value of the eligible insurance premium actually paid by the farmer and is granted under sub-measure 17.1 ...

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