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Trade: KEYSFIN ESTIMATE: The Romanian food retail turnover could exceed 142 billion LEI in 2021
Tuesday, May 17, 2022
The food retail turnover increased by almost 10% compared to 2019 and was 97% above the 2011 level, reaching the level estimated in last year’s analysis dedicated to this market, of almost lei 130 billion in 2020. For 2021, KeysFin analysts estimate exceeding the lei 142 billion threshold, due to the increased demand but also to the heightened inflationary pressures. The food retail industry had a ...
The soft drinks industry contributed over 3,65 billion euros to Romania’s economy in 2017-2020
Tuesday, May 17, 2022
The soft drinks industry contributed over 3.65 billion euro to Romania’s economy in 2017 – 2020 out of which one billion euro direct gross added value, shows a study Deloitte Romania commissioned by the National Association of Soft Drinks. The study ‘ The economic impact of the soft drinks industry in Romania’ shows that the soft drinks industry is developing, fact which is shown ...
Tourism: ANAT: Tourism activity was at a capacity of 45% in 2021; labor force decreased by only 30%
Tuesday, May 17, 2022
Tourism was at a level of 40-50% of the capacity in 2021, but even so, the workforce in the domain dropped only by 30%, stated in a conference Dumitru Luca, the chairman of the National Association of the Tourism Agencies (ANAT).He added that the touristic packages offered by the tour operators are adapted to all kinds of situations where the tourist could be, at a certain moment, to offer his ...
Tourism : Arrivals in accommodation units increase by 48 pct in March
Tuesday, May 10, 2022
- Compared to March 2021, in March 2022, the arrivals in the establishments of tourists’ reception with functions of tourists’ accommodation increased by 48.2%, while the overnight stays increased by 55.6%. - Compared to March 2021, in March 2022 customs registered an increase in the arrivals of foreign visitors of 265.6% and an increase of 96.5% in the departures1) abroad of the Romanian ...
Booking platform records 52pct increase in searches for Romanian tourist destinations due to holiday vouchers
Tuesday, May 10, 2022
The search for Romanian sojourns have increased by 52% in just one week, as the holiday vouchers for 2022 have already started to be loaded, according to an analysis published on Friday by an online booking platform."The search for holidays in Romania has increased by 52% in just one week, with tourists already making plans for the summer months. In this context, we tried to prepare in advance for this moment when the money are hitting the ...
Twelve culture, tourism trails designed to raise by 50pct foreign tourists in Romania by 2026
Tuesday, May 10, 2022
Senior official with the Ministry of European Investment and Projects Hegedus Csilla said that one of the objectives of 12 culture and tourism trails to be created under Romania's National Recovery and Resilience Plan (PNRR) to highlight the country's cultural heritage is to attract a larger number of foreign tourists to Romania.She told a news briefing that the target is for the number of foreign tourists coming to Romania to increase by 50% by ...
Real Estate: Colliers: Romania’s real estate investment market could exceed EUR 1 billion in 2022
Tuesday, May 10, 2022
Looking at the high activity levels seen at the start of the year, Colliers said in a recent report that the investment volumes in Romania could finally exceed EUR 1 billion in 2022. Several deals were already closed or signed in the first month of the year. "Just a few big-ticket office deals in quite advanced stages - which Colliers consultants predict with a fairly high degree of certainty will close ...
The companies look for buildings with green spaces to encourage the coming back for employees to the office
Tuesday, May 10, 2022
The companies have started to implement the plans for the progressive coming back for the employees to the office and in the real estate domain there is a constant preoccupation for sustainability, shows an analysis published on Tuesday by a company specialised in real estate services offered to the entrepreurship environment.According to the document, sustainability means ...
Volume of trade in residential segment of Romania up by 25 pct in first three months
Tuesday, May 10, 2022
The volume of transactions on the residential segment in Romania has increased by 25% in the first quarter of this year, compared to data from 2021, shows an analysis conducted by a company specialized in real estate.In this sense, in the analyzed period, RE/MAX Romania announced that it intermediated 2,295 transactions, worth approximately 130 million euro.Compared to the first quarter of 2021, the intermediation activity of the company grew, in the ...
Demand for industrial and logistics spaces increased by 50% in the first Quarter
Tuesday, May 10, 2022
The leasing of industrial and logistics spaces increased by 50% in the first quarter of 2022 compared with the same period of last year, exceeding the 300,000 square meter threshold, thus creating the premises for a new record year in terms of demand for this type of spaces, according to the Cushman & Wakefield Echinox real estate consultancy company. This robust demand in the first quarter maintains ...
Infrastructure: Six Romanian airports affected by COVID-19 outbreak to get more than 21m lei in state aid
Tuesday, May 10, 2022
At a meeting on Friday, the government approved a memorandum under which six airports in Romania will qualify for a state aid scheme worth 21,374,000 lei.According to government spokesperson Dan Carbunaru, the memorandum provides for state aid to business operators managing airports that in 2019 reported a passenger traffic of more than 200,000 passengers, but less than 3 million, in order to overcome the financial difficulties they face amid the ongoing COVID-19 ...
Romania to buy 12 hydrogen trains
Tuesday, May 10, 2022
The Ministry of Transport has approved the purchase of 12 hydrogen trains as part of a pilot project to test green trains. Among the routes served will be Bucharest – Otopeni Airport and Bucharest – Pitesti. The total estimated costs of the project are 973 million euros, without VAT. The pilot project, implemented by the Railway Reform Authority, aims to purchase 12 160-seater locomotives, as well as long-term ...
HiSky, the newest airline to enter the Romanian market
Tuesday, May 10, 2022
HiSky started the operation of flights from the company’s new hub, Otopeni Airport in Bucharest. Passengers from the capital city will be able to travel with HiSky to Timisoara and Cluj but also one of the sought-after tourist destinations, Israel – Tel Aviv. At the same time, during the summer, the company will operate several charter flights, to exotic destinations, in partnership with important Romanian ...
Blue Air, 180 pct increase in number of passengers transported, in April 2022 vs April 2021
Tuesday, May 10, 2022
Air operator Blue Air transported 236,000 passengers in April this year, an 180% increase over the same period of last year, shows the data published, on Friday, by the company.According to the quoted source, a 22% increase in the number of passengers from and to Romania, compared to the pre-pandemic period of 2019.In the analyzed period, the company noted a high load degree for the industry, respectively 86% and served over 85 ...
Report: Romania has to modernize over a thousand kilometers of railway
Tuesday, May 10, 2022
Romania has to modernize over a thousand kilometers of railway infrastructure, reads the data of the report "Let's take the train. The rebirth of train journeys in a European Romania", made by the 2Celsius Association, within the Europe on Rail project.According to the document, presented on Friday in an online specialized workshop, the railway represents the most efficient mode of transport at present and contributes only 1.5% of the CO2 emissions in the European ...
TAROM receives state aid worth 1.9 million euro
Tuesday, May 10, 2022
The Minister of Transport, Sorin Grindeanu, announced on Thursday that he signed the order granting national air carrier TAROM a state aid worth 1.9 million euro, in order to cover the damages caused by the COVID-19 pandemic."I signed, today, the Minister's Order by which we grant to TAROM state aid worth 1.9 million euro! Through the sum granted from the budget of the Ministry of Transport, TAROM will be able to cover the damages caused by the COVID-19 pandemic ...
Cars: 35.56% increase in new car registrations in Romania in the first four months
Tuesday, May 10, 2022
- In the first quarter of 2022, the new registrations of road vehicles for passenger transport decreased by 10.0% compared to the first quarter of 2021. - In the same quarter of 2022, the new registrations of road vehicles for goods transport fell by 18.2% compared to the first quarter of 2021. - In the first quarter of 2022, the share of the new registrations of imported used passenger cars in the total ...
Agriculture: Romania has the capacity to become European leader in the soya production
Tuesday, May 10, 2022
Romania has the capacity to become European leader in the soya production, if annually a surface of approximately 700,000 ha would be allocated, five times more than at present, according to the Association of Farmers from Romania (AFR).In 2021, the surface cultivated with soya was 140,000 ha, dropping by 29% against 2020 (169,000 ha) and the production obtained has surpassed 347,000 tons, with ...
Agriculture: Government allocates 450 million RON to support farmers affected by COVID-19 pandemic
Tuesday, May 3, 2022
Prime Minister Nicolae Ciuca, announced on last Thursday, at the start of the Executive session, that the Government will allocate 450 million RON for supporting farmers affected by the COVID-19 pandemic."It is a support that farmers have been waiting for and through which we hope to contribute to everything that involves the recovery of Romanian agriculture, recovering production in Romanian farms. We discussed this aspect with the Minister while visiting an ...
AgriMin Chesnoiu: Romania, comfortable regarding level of internal cereal stocks until new harvest
Tuesday, May 3, 2022
Romania is in a comfortable position regarding the level of internal stocks until the new harvest, if we are referring to cereal, and the supply systems at the level of the European Union are working without major disturbances, said, on Thursday, after the Government sitting, the Minister of Agriculture and Rural Development, Adrian Chesnoiu."We are in a comfortable position regarding the level of internal stocks if we are referring to cereal. The supply systems ...