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Economic

Analysis: The most popular months for sales or rentals

Tuesday, July 18, 2023

The most popular months for apartment sales are January and August, while renters tend to search for properties in August and September. The analysis conducted by Storia.ro, which presents the most popular months for sales and rentals, took into account the number of contacts per listing in a given month (interactions between those searching and those posting listings on the platform) over the past three years. Therefore, 100 is the average number of contacts per listing in a ...

Agriculture: Jan - May milk collections advance 13.2 pct YoY

Tuesday, July 18, 2023

The amount of cow's milk collected by processing units over January - May 2023 stood at 512,744 tons, up 13.2 percent year-over-year, the National Institute of Statistics (INS) announced on Friday.Cheeses recorded the biggest production increase (+1.6 percent), while fermented milk products (yogurt, drinking yogurt, buttermilk and others) registered the biggest decrease (-9.4 percent).Raw milk imports decreased by 38.3 percent over January 1 - ...

Infrastructure: CFR SA announces losses of over 955 million lei for 2023, almost 910% higher than in 2022

Tuesday, July 18, 2023

CFR SA, the administrator of railway infrastructure, estimates losses of 955.436 million lei for the ongoing year, 909% higher than the one recorded in 2022, according to the motivation accompanying the draft Government Decision approving the income and expense budget for 2023 of the National Railway Company CFR SA, subordinated to the Ministry of Transports and Infrastructure (MTI).   “The gross ...

Modernisation works of Braila Port, worth over 24 million euros, are 70% completed

Tuesday, July 18, 2023

The modernisation works of the Braila Port, carried out as part of an European funded project, worth over 24 million euros, are 70% completed, the general director of the national company "Administration of the Danube Maritime Ports" SA Galati, Marcela Costea informs on last Tuesday."The general objective of the project is the modernisation and development of the Braila Port in order to provide optimal conditions for the river transport of goods, with the ...

HiSky expects to reach one million passengers in 2023, by September

Tuesday, July 18, 2023

* The company secures 4th place in Romania, by market share   HiSky continues to break records in the growth rate of passenger numbers. 537 thousand people flew with HiSky in 2023, according to the traffic data, reported after the first two quarters. By comparison, in the first six months of the previous year, the company recorded 194 thousand passengers. According to estimates based on the ...

Tourism: Survey: Almost 39 pct of Romanians say they will not go on holiday this summer

Tuesday, July 18, 2023

Approximately 39% of Romanians say they will not go on holiday at all this summer, and of those who will, more than 73% will spend their summer holidays in Romania, according to a survey conducted by CEC Bank in partnership with the banking comparison tool FinZoom.ro.When it comes to the budget allocated this year for the holiday - about 10% of respondents mentioned that they will allocate less than 1,000 RON, almost 25% answered between 1,000 - 3,000 RON, ...

Trade: The beer market in Romania decreased by 9%, after five months of 2023

Tuesday, July 18, 2023

The Romanian beer market reports a 9% decrease in the first five months of 2023 compared to the same period of the previous year. The results are part of the decreasing trend starting last year and continuing to accelerate in 2022.   This market fall is attributed to a series of factors. Among the most important are the decline in purchasing power and the difficult economic context, given the acceleration ...

Tourism : Number of foreign visitors to Romania up 13% in May; Romanians' departures abroad up 2.1%

Tuesday, July 11, 2023

 In May 2023 compared to May 2022, customs registered an increase in the arrivals of foreign visitors of 13.0% to 1.197 million and an increase of 2.1% to 1.605 million in the departures abroad of the Romanian visitors, according to the data of the National Institute of Statistics (INS) published on Tuesday.Moreover, in May 2023 compared to May 2022, the arrivals in the establishments of tourists' reception with functions of tourists' accommodation, including ...

Trade: Study: The Electronics category dominates the Romanian e-Commerce market, followed by Fashion

Tuesday, July 11, 2023

Aqurate, a SaaS platform based on Artificial Intelligence (AI), launches Aqurate Map 2023, a study now in its third edition, which analyzes the competitiveness of Romanian eCommerce stores, and according to the recorded data, the Electronics category dominates the market authoritatively, with 45 million monthly visits, at the end of ...

Electro-IT market advances 4.6pct in Q1 2023

Tuesday, July 11, 2023

Romania's electro-IT market posted a 4.6% growth in Q1 2023 when stated in US dollars, mainly on increases in telecom and small household appliances sectors, according to the GfK study "Inflation, innovation and insight: Carving out growth for retailers in 2023."The study indicates that during the COVID-19 pandemic, consumer spending decreased, and last year inflation and high energy prices led consumers to keep their savings. This led to a negative development in retailers ...

Agriculture: Poultry meat production advances by 9.3 pct this May

Tuesday, July 11, 2023

Romania's poultry meat production was 9.3 percent higher in May 2023 compared to the same period last year, and almost 19 percent up from April 2023, totaling 48,775 tons, the National Institute of Statistics (INS) informs.The number of fowl slaughtered in May was 28,898 million, up from 26.359 million in May 2022 and also higher than the 23.886 million registered in April 2023.The beef production totaled 6,584 tons in May, 0.9 percent down year-over-year from ...

Infrastructure: AirConnect to operate flights to and from the Bucharest Baneasa International Airport

Tuesday, July 11, 2023

The Romanian regional airline AirConnect will operate, as of July 24, regular flights from the Bucharest Baneasa - Aurel Vlaicu International Airport, the National Bucharest Airports Company (CNAB) informs on Thursday."Starting on July 24, 2023, AirConnect will move its operations to the Baneasa Airport, to offer customers access to the capital's newest terminal, with reduced time for all check-in formalities, security control, boarding and which is only a few minutes away ...

Wizz Air transported 77 million passengers to and from Romania

Tuesday, July 11, 2023

The Wizz Air airline transported 77 million passengers to and from Romania, a number four times higher than the population of Romania, according to a press release sent on Friday."Carrying a volume of passengers four times higher than the population of Romania, the airline firmly maintains its position as the leading carrier in the country, contributing to the development of the tourism sector in Romania and creating more than 57,000 jobs in the associated industries in the ...

Real Estate: The total leasing volume on the Bucharest office market up by 10% yoy in the first Half of 2023

Tuesday, July 11, 2023

In Bucharest, the total office stock reached 3.85 million sqm at the end of June 2023. The total leasing activity of the office market reached over 169,000 sqm in the first six months on this year, a 12% increase compared to the same period last year, according to an analysis by Crosspoint Real Estate, international associate of Savills in Romania.   Although the office market is going through a challenging period, from mass ...

Romania hits 6.3 ml sqm of modern industrial and logistics space in 2022

Tuesday, July 11, 2023

Romania's total stock of modern industrial and logistics space has reached almost 6.3 million sqm, representing the third largest specific market in 12 of the largest Central and Eastern European economies, shows a report by real estate consulting company Colliers.According to the cited document, the developers have another 650,000 sqm of modern space under construction.The real estate experts attribute the robust evolution of the market in the latest period to ...

Trade: Romania, the cheapest EU member state for food and non-alcoholic beverages

Tuesday, July 4, 2023

Romania had the cheapest food in the EU in 2022, according to data from the National Institute of Statistics (INS). We also had the cheapest furniture.   The lowest level of prices for consumer goods and services from the final consumption of households, within the member states, was recorded in 2022 in Romania, being 42% lower than the EU average, followed by Bulgaria (41% below the EU average) and ...

Agriculture: EUR 430 million of EU funds to support the EU agricultural sector

Tuesday, July 4, 2023

The Commission proposed yesterday, 26 June, to mobilise additional EU funding for EU farmers affected by adverse climatic events, high input costs and various market and trade issues. The new support package will consist of EUR 330 million for 22 Member ...

Cattle and bird slaughter in industrial units, upward trend in 2022

Tuesday, July 4, 2023

 The slaughter of cattle and birds in industrial units (slaughterhouses) registered an upward trend in 2022, compared to 2021, and the slaughter of pigs, sheep and goats a downward trend, according to the data published on Friday by the National Institute of Statistics (INS) .The number of cattle slaughtered in industrial units (slaughterhouses) increased compared to the previous year by 3%, while the production of beef decreased by 1.6%. Cattle ...

Romania's 2022 wool and egg production goes up, milk production declines compared to 2021

Tuesday, July 4, 2023

Romania's wool and egg production increased in 2022 compared to the previous year, whereas the milk production was down from 2021, shows data released on Friday by the National Institute of Statistics (INS).The wool production rose by 3.15 percent to 24,191 tons last year, compared to 23,453 tons in 2021, while the egg production reached 6.005 million, by 68,000 more than in 2021.In 2022, slaughter numbers for sheep and goats increased by 8.6 ...

Agriculture Ministry to run INVESTALIM programme to boost domestic production of food

Tuesday, July 4, 2023

 The Ministry of Agriculture and Rural Development (MADP) has put up for publicdebate a bill for the application of a multi-annual national programme, INVESTALIM, the years 2023 - 2026, for the development and modernisation of the domestic food industry through financial support to boost the domestic production of foodstuffs.According to a MADR press release, the INVESTALIM programme will be run by MADP through the Rural Investment Financing Agency ...

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