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

Tuesday, December 22, 2020


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


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 ...

Telecom. IT: IT in Romania will attract 25% of company media budgets until 2023

Tuesday, December 15, 2020

Advertising investments in Romania will drop by 3.5% this year, but the digital field in Romania will attract a quarter of media budgets until 2023, accordi9ng to estimates made by consulting company Zenith.   The global advertising market has rapidly recovered after its serious drop in quarter 2, caused by the coronavirus pandemic, but according to the analysis of Zenith Advertising Expenditure ...

IT&C sector in Romania must reach 10% of GDP in 2025

Tuesday, December 15, 2020

According to representatives of the Patrons' Association of Software and Service Industry (ANIS), the targets local IT industry for Digital Romania in 2025 are: IT&C sector in Romania should reach 10% of GDP; setting up the biggest technology hub in Central and Eastern Europe; at least 50 technology companies will be launched on Bucharest stock exchange through local IPOs; at least 5 unicorns will be launched (companies evaluated with at least 1 billion dollars); ...

Romania has Europe’s highest digital growth potential, says study

Tuesday, December 15, 2020

Findings from a pan-European survey commissioned by global multi asset investment platform, eToro, shows Romania has the highest potential for digital growth in Europe.   The research, carried out in nine European countries by the Center for Economic and Business Research (Cebr) on behalf of eToro, looked at digital transformations taking place in sectors such as finance, health, retail, government and ...

Healthcare: Donalam purchased a Real Time PCR analyzer for Calarasi County Hospital

Tuesday, December 15, 2020

In the current epidemiological context caused by the SARS-CoV-2 virus, the Donalam steel plant, one of the largest employers in Calarasi County, is still involved in providing the most necessary medical equipment for pandemic management in the community.   The company purchased a Real Time PCR analyzer with the value over 20,000 euros, which was donated to Calarasi County Hospital in order to meet the ...

Real Estate: IMPACT Developer & Contractor announces that GREENFIELD BANEASA is sold out, by year end

Tuesday, December 15, 2020

IMPACT Developer & Contractor announces the completion of the stock of apartments built in the first three phases of the Greenfield Bsneasa project. The neighbourhood is in the process of expanding with a new phase of development and new facilities that will turn it into the most attractive residential project in Bucharest.   Known as the neighbourhood embraced by the forest, Greenfield Baneasa is ...

Infrastructure: A fifth of Ungheni- Iasi-Targu Mures highway will be built with money from the National Resilience Plan

Tuesday, December 15, 2020

Marcel Bodos, the minister for European Funds, declared in Iasi that about 60 km of Ungheni- Iasi- Targu Mures highway will be financed by the National Recovery and Resilience Plan (PNRR), and the money for the rest of 260 km will be ensured by the Operational Transport Program.   Marcel Bodos said, in Iasi, on Wednesday, at a  press conference, that A8 highway will have 320 km and two highway ...

Trade: 20% of online buyers are beginners forced by Covid 19 crisis

Tuesday, December 15, 2020

Two out of ten Romanians who made online purchases in the last 6 months are beginners and did it because of the Covid 19 crisis, a Nielsen study showed. Nielsen Consumer Insights Romania made  a study in the urban area with people aged between 18 and 55 years who made online purchases in the last 3 months. 20% of Romanians interviewed bought online for the first time in the last 6 ...

Study: Food service market will double to 20 billion lei in 2021

Tuesday, December 15, 2020

The food and drink service market ( standards restaurants, fast food, coffee shops, pubs and supermarkets) will double in 2021 to 20 billion lei, double against 2020 and on the drop by 20% against 2019, according to estimates of Hospitality Culture Institute.   “The main growth vectors of the food service market in 2021 will be developing delivery and take away services and opening interior areas ...

COVID-19 is changing consumer behavior worldwide; business needs to adapt rapidly

Tuesday, December 15, 2020

COVID-19 is having a lasting, worldwide impact on consumer needs, preferences and behaviors, according to a new report from KPMG International, “Responding to consumer trends in the new ...

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