Loading page...

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

Subscribe|Login

Economic

Retail park in the first semester: Recovery after lockdown has been better than most market participants expected

Tuesday, August 18, 2020

The first half of the “pandemic year” was most difficult for retail players, considering the lockdown during the emergency state, but the recovery up until July has been better than most market participants were initially expecting, according to Colliers International’s market report for the first semester of 2020. In the industrial & logistics area, it has been business as usual during the pandemic, with some seeing big spikes in activity, but a ...

Modern industrial and logistic stock reached 4.7 million square meters at the end of June

Tuesday, August 18, 2020

Around 120,000 square meters in new modern industrial & logistics spaces are estimated to have come online in the first semester of 2020 throughout Romania, with 100,000 square meters in the vicinity of Bucharest, which is less than half the level seen a year ago. Colliers International consultants explain that some clients have decided to postpone their expansion plans for 2021 and also a big part of the speculative developments were put on hold amid the coronavirus ...

Trade: Sales of dermo-cosmetics in Romania down by 18.5% in Q2

Tuesday, August 18, 2020

Romanians bought dermo-cosmetic products from pharmacies worth RON 58.6 mln (EUR 12 mln) in April-June, 18.5% less than in the same period last year. The most in-demand products were those for facial care (40.5% of the total, in value terms), followed by those for the body (19%), and those for hair care ...

Cars: APIA: the auto market in Romania dropped over 34% in the first seven months

Tuesday, August 18, 2020

200818105057imago60661474h.jpg

The auto market in Romania registered a contraction of 34.2% at the level of the first seven months of the year, against the same period of 2019, show the dates of the Association of Auto Producers and importers (APIA) published on last Monday. According to the analysis, starting with January to July, the general top of makes (motor cars and commercial cars) is led by Dacia with 20,252 units, followed by Volkswagen (5,779), Renault (5,667) Skoda (5.000), ...

Green vehicle sales in Romania up by almost 3.6 pct as of end-July

Tuesday, August 18, 2020

Sales of new green vehicles in Romania in the first seven months of the year advanced 3.57 percent YoY to 3,772 units from 3,642, shows data with Romania's Association of Car Manufacturers and Importers (APIA).As of July 31, 2020, the share of new electric and hybrid vehicles in the total local car market stood at 6.1 percent, well above the 3.9 percent registered the year before.According to APIA, most of the green car purchases in the reporting ...

Healthcare:  Budget of the Ministry of Health supplemented by 3.11 billion lei

Tuesday, August 18, 2020

The additional amount allocated to the Ministry of Health in the budget rectification is 3.11 billion lei, the Minister of Public Finance, Florin Citu, stated on Friday, in the beginning of the gov't meeting.He specified that the amount of 1.1 billion lei is intended for the payment of the salaries of the medical staff. "In the health field, 1.1 billion lei are for ensuring the necessary funds to pay the salaries of the staff in public health units, 500 million ...

Sales of pharmaceuticals in Romania, down 16.6% in June

Tuesday, August 18, 2020

200818105146download.jpeg

The sales of medicines decreased by 16.6% in June 2020 compared to the same month of 2019, due to the COVID-19 pandemic, according to market research company Cegedim. The issue of patients having been neglected or not treated because most of the resources are concentrated in fighting the coronavirus pandemic has been circulated recently, and the figures come to support this ...

Infrastructure : Henri Coanda airport starts EUR 22.7 mln upgrade works at runway 2

Tuesday, August 18, 2020

Bucharest National Airports Company (CNAB) announced on Wednesday, August 12, that it has started the modernization works at runway 2 of the Henri Coanda International Airport - Bucharest’s main one. The contract of almost RON 110 million (some EUR 22.7 million) was attributed to Porr Construct SRL by public ...

Blue Air expands operations in Italy

Tuesday, August 18, 2020

The largest Romanian airline, Blue Air, announced that it is expanding its operations in Italy by allocating an additional aircraft to its base in Turin as of September 2020. The company will also introduce three new routes from Turin and increase flight frequencies on the domestic routes in ...

Agriculture: Ministry of Agriculture prepares Water Management Strategy

Tuesday, August 11, 2020

The Ministry of Agriculture and Rural Development (MADR) is preparing a Water Management Strategy referring to investments in the main and secondary irrigation infrastructure, draining infrastructure and  soil erosion control. The announcement was made by minister Adrian Oros, following a meeting with His Excellency David Saranga, the Israeli ambassador to Romania, who offered to share Israel's experience and technology in fighting ...

Agriculture Minister: We estimate wheat production of 5.6 million tons, 40% lower than last year

Tuesday, August 11, 2020

200811105940webimage_8EF103F0_B707_4C30_A30C326243731731.jpg

Adrian Oros, the minister of agriculture, announced on Tuesday partial results about the harvesting campaign. The average wheat yield dropped by 40% compared to 2019, to 2.9 tons/ha, estimating a wheat production of 5.5-5.6 million tons. The official says drought has strongly affected autumn cultures of reap, rye and barley. Rye yield was also reduced, being 2.5 tons/ha against 3.2 tons in 2019. For barley the average yield is 2.6 tons/ha against 5 ...

Agriculture Ministry allocates 1.2 bln lei for compensation of drought-affected farmers

Tuesday, August 11, 2020

The Ministry of Agriculture will allocate 1.2 billion lei for the compensation of drought-affected farmers, and the necessary funds will be earmarked at the upcoming budget revision, Minister of Agriculture and Rural Development Adrian Oros announced on Tuesday."Despite the quite abundant rainfall in the recent period, certain areas, especially in Dobrogea and in the south of Moldova are still severely affected by drought. Therefore, we will provide for these ...

Infrastructure : Ryanair announces new route from Bucharest to Palma de Mallorca

Tuesday, August 11, 2020

Irish low-cost airline Ryanair announced a new route from Romania to Spain, starting March 28, 2021, as part of its next year’s summer schedule. The new route will operate twice a week from Bucharest to Palma de Mallorca. Ryanair’s Romanian customers can already book a trip to Palma on the company’s website. Ryanair is offering one-way trips from just EUR 29.99 for travel in April and May, which must be booked by midnight, Wednesday ...

Govt. wants to build new terminal at Timisoara airport

Tuesday, August 11, 2020

Romania's Transport Ministry wants to build a new terminal at Timisoara's Traian Vuia International Airport to serve international departures. It began procedures for earmarking RON 184.5 mln (EUR 39 mln) for the construction of the terminal from non-reimbursable external funds, through the Large Infrastructure Operational ...

Cars: Q4 2019 new passenger car registrations in Romania down 33.6pct

Tuesday, August 11, 2020

In the second quarter of 2020, the new registrations of road vehicles for passenger transport decreased by 29.3% compared to the second quarter of 2019. During the same period, the new registrations of road vehicles for goods transport fell by 24.7% compared to the second quarter of the previous year The number of new registrations of road vehicles for passenger transport ...

EU exports 8.2 billion euros worth of electric, hybrid vehicles in 2019

Tuesday, August 11, 2020

 In 2019, the European Union (EU) exported 8.2 billion euros worth of electric cars and hybrid electric cars that can be driven in combination with a petrol or diesel engine. Imports of electric and hybrid electric cars were worth 7.1 billion euros, resulting in a trade surplus of 1.1 billion euros, according to data released on Tuesday by the European Statistical Office (Eurostat).Overall, the 2019 trade in electric and hybrid electric cars was dominated by ...

July's new vehicle registrations at 14,240-plus, down 44 pct YoY

Tuesday, August 11, 2020

New vehicle registrations this July stood at 14,240-plus, by 44 percent less YoY, shows a preliminary analysis of registration data published by the Association of Automotive Manufacturers and Importers (APIA).Of the total number of new vehicles, 12,950 were new cars, with this number standing also 44.2 percent lower than in July last year.At 30,113 units, used car registrations were 24.8 percent less than in the year-ago period.New car ...

Tourism : Hotels in Romania record negative results this year

Tuesday, August 11, 2020

The COVID-19 had a very rapid and drastic impact on the Romanian hotel sector. According to the industry survey conducted by Cushman & Wakefield in partnership with FIHR, targeting Romanian hoteliers, 64% of hotels were already impacted within the last week of February, when the virus was confirmed to have reached Romania. With the state of emergency having been declared on the 14th of March, the number of hoteliers impacted increased to 98% in the 3rd week of ...

Murotti Valley, the newest mountain resort in Romania

Tuesday, August 11, 2020

Alessio Karkhi and Nicu Hagivreta, two known local business men, started the development of touristic project Murotti Valley, located in Varful Roman (1,850 meters) area, 17 km from Horezu (Valcea county). The first phase of the project will be delivered in Q1 2021 and at the end of next year and will comprise 74 villas, two restaurants, two ski slopes along all the necessary amenities, and a hotel The first phase of Murotti Valley will attract an ...

Romanian tour operators seek partnership with Gov't to save the travel industry

Tuesday, August 11, 2020

200811110111shutterstock_298974098_4.jpg

 The Romanian travel agencies are calling for the government's intervention for identifying viable solutions in the short and medium term for the relaunch of the tourism industry and for making possible the holidays desired by Romanians, reads a letter sent to premier Ludovic Orban by several tour operators."Romanian tour operators need support in order to deal with these vicissitudes, both in the interest of the Romanian citizens we serve and in order to ...

Premium News

Daily

Monday, May 10, 2021

Financial & Banking

Monday, May 10, 2021

Economic

Tuesday, May 4, 2021

Companies

Wednesday, May 5, 2021

Energy & Environment

Thursday, May 6, 2021