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PayU: 15% increase in transactions number on Black Friday 2022

Tuesday, November 8, 2022

PayU, the leader in online payments in Romania, estimates that in this year’s edition of Black Friday, which will take place on November 11th, at the level of the e-commerce market, products and services worth approximately RON 510 million will be purchased and paid online, slightly above the value of the previous year.   At the most important shopping event of the year, PayU estimates an increase of approximately 15% ...

Agriculture: Turnover of business enterprises in agriculture sector registers in 2021 highest growth in last 10 years

Tuesday, November 8, 2022

The turnover of business enterprises in the agriculture sector registered in 2021 the highest growth in the last 10 years, of over 30%, reaching the historical maximum of 58.1 billion RON in 2021, by 35% more than the value of 2017, according to a study carried out by KeysFin analysts.For 2022, KeysFin estimates the consolidation of the sector close to or even exceeding the record level reached in 2021, of 58 billion RON, on account of the inflationary ...

Telecom. IT : Three telecommunications operators submit applications for allocation of 5G frequencies

Tuesday, November 1, 2022

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The National Communications Administration and Regulation Authority (ANCOM) received, by the October 27 deadline, three participation applications for the allocation of 555 MHz in the 700 MHz, 1500 MHz, 2600 MHz and 3400-3800 MHz frequency bands, informs the telecommunications market watchdog, in a press release sent on last Friday.The offers were sent by Orange Romania, RCS & RDS and Vodafone Romania.The auction commission will analyse the ...

Healthcare: Ethica Independent Pharmacies Association: Antibiotics for children are missing from the market

Tuesday, November 1, 2022

The Ethica Association of Independent Pharmacies drew attention, on Monday, to the lack of antibiotics on the market, especially those for children, and requested the authorities to solve this "serious" situation."With the start of school and the return of children to communities, superimposed on the cold season, acute respiratory infections are more and more common and the cruel reality is that we have nothing to treat children who need antibiotics. We are ...

Infrastructure: State border crossing point and border customs office to open at 'Brasov-Ghimbav' International Airport

Tuesday, November 1, 2022

  Under a government decision approved on Friday, an international state border crossing point and a border customs office will open at the 'Brasov-Ghimbav' International Airport, a government release informs, also stating that both services will be available permanently."The opening of the international border crossing point and border customs office is a favorable measure for the development of the economy, the promotion of tourism and for ...

Real Estate: The real estate and construction sector in Romania has attracted FDI of around 12 billion euros in the last ten years

Tuesday, November 1, 2022

The real estate and construction sector has attracted around 12 billion euros of foreign direct investments (FDI) in the last ten years, as the share of this economic activity in the overall FDI stock increased to a level of 17.4% at the end of 2021, compared with 9.2% in 2012, according to data from the National Bank of Romania analyzed by the Cushman & Wakefield Echinox real estate consultancy ...

The first real estate company with Romanian-Ukrainian capital

Tuesday, November 1, 2022

The month of March this year changed the plans of the whole world, but especially of the Ukrainian people. According to the Border Police, more than 2 million Ukrainian citizens crossed the border with Romania. Most of them take shelter here during the conflict, however, just as many have made the decision to stay permanently in our country. Hundreds of thousands of Ukrainians rented properties at the beginning of spring and are now starting to invest in real estate, a ...

Trade: Over 25% market share for wines imported by Romania from Moldova

Tuesday, November 1, 2022

Wines from Moldova have a market share of imported wines in Romania of over 25%, and this share is estimated to grow by 4% every year, according to data of the National Wine and Vine Office (ONVV), released at the Varnishing of Moldovan Wine, organizedon Saturday and Sunday in Bucharest.   According to the source mentioned, Romania is the main country where wines from Moldova are sold, before Poland and ...

Beer market in Romania dropped by 4% in first eight months

Tuesday, November 1, 2022

The beer market in Romania recorded, in the first eight months of 2022, a drop of 4% compared to the volume recorded in the same period of 2021. In the first 4 months the drop was even 10%, “Romania's Beer Makers Association”shows. Romania is the 8th market according to beer production at European level.   The types of beer preferred by Romanians in the 8 months analyzed ...

Romanian retailers expect increase in sales between 60 and 200 pct on Black Friday 2022

Tuesday, November 1, 2022

Romanian retailers expect an increase in sales between 60% and 200%, at this year's edition of Black Friday, compared to a period without discounts, according to an analysis carried out by the White Image company, specialized in e-mail marketing."Truly speaking, the sale is not only made through discounts, but starts from the database, which has valid contacts, built according to numerous criteria that help to target customers as precisely as possible. ...

Agriculture: Milk and Dairy Products Observatory set up

Tuesday, November 1, 2022

The Chamber of Deputies adopted on Wednesday the milk and dairy products bill which foresees, among other things, the setting up of the Milk and Dairy Products Observatory within the Ministry of Agriculture. The Observatory will monitor this market and will centralize data, observe and analyze production, the balance between demand and offer and production costs.   255 votes “for”, one ...

Exports of cereals and cereal-based foods exceed three billion euros in first seven months of 2022

Tuesday, November 1, 2022

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  Romania exported, in the first seven months of 2022, cereals and cereal-based foods in the amount of almost 3.126 billion euros, an increase of 74.8% compared to the similar period in 2021, according to data centralized by the National Institute of Statistics (INS).The largest exports were recorded in March and amounted to 620.4 million RON.On the other hand, in the period January-July 2022, Romania imported cereals and cereal-based ...

Animal farmers to get over RON 1.39 million in August state aid

Tuesday, November 1, 2022

  The Ministry of Agriculture and Rural Development, through the Agriculture Payments Agency (APIA) is paying state aid to the livestock sector requested by application for services provided in August 2022.According to an APIA press release, the amount authorised for payment is RON 1,395,639.25 and it comes out of the national budget via the Ministry of Agriculture and Rural Development (MADR) for applicants having used this form of state aid in ...

Real Estate: CBRE: Fewer new office buildings delivered in Bucharest this year

Tuesday, October 25, 2022

Bucharest’s modern office stock reached 3.30 million sqm at the end of the third quarter of 2022, as only five office projects were delivered during this period. Moreover, according to CBRE Romania, just one additional project is estimated to be completed by yearend, making 2022 the year with the lowest number of office buildings delivered in the last five years.   CBRE explained that a combination ...

JLL Romania: Deliveries of office space have decreased and will remain at a low level in 2023 as well

Tuesday, October 25, 2022

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The office market is going through a period of stagnation, recording demand values similar to those of 2021. Deliveries of office space have slowed down and will remain at a low level in 2023.   In the first 9 months of 2022 the total demand for office space in Bucharest was around 200,000 m², similar to the same period of 2021. Net demand increased by 5% year-on-year to around 106,000 m².A ...

Cars: APIA: Market share of almost 21pct of Romania's registration of eco cars, in first nine months of 2022 

Tuesday, October 25, 2022

Romania's new vehicle registrations increased by 8.1pct, in the first nine months of 2022, compared to the similar interval of 2021, with eco cars registering a jump of 89pct and a market share of 20.9pct, according to the data published on Monday by the Association of Automobile Makers and Importers (APIA).On the national market, the Top 10 brands, passenger cars and commercial vehicles, is led by Dacia - with 27,992 units, followed by Ford (9,332), Toyota ...

National production of passenger cars up by 21% in first nine months of 2022

Tuesday, October 25, 2022

The production of passenger cars registered in Romania, in the first nine months of the year, was 381,971 units, an increase of 21.2% compared to the similar period in 2021, according to the Romanian Automobile Manufacturers Association (ACAROM).According to the source, of this total, 230,078 units were Dacia brand, and 151,893 were Ford production.Regarding car registrations, the data of the the Directorate for Driving Licenses and Vehicle ...

Jan - Aug turnover of motor vehicle trade up 3.9 pct YoY

Tuesday, October 25, 2022

The turnover of trade in motor vehicles and motorcycles over January - August 2022 was 3.9 percent up in unadjusted terms from the same period of 2021, while the turnover for market services provided to the population increased by 30 percent, shows data released by the National Institute of Statistics (INS).The advance of the turnover of wholesale and retail trade, and the maintenance and repair of motor vehicles and motorcycles was the result of growth in the ...

Romania to reach 25,000 electric cars milestone by year-end

Tuesday, October 25, 2022

 Romania will reach the milestone of 25,000 registered electric cars by the end of the year, with Dacia Spring still topping preferences, according to a study conducted by Lektri.co, sent on Monday.According to the Lektri.co index, between January and September 2022, 8,375 new electric vehicles were registered, bringing the total units in Romania to 21,258.At the same time, the last month of Q3 recorded the highest number of electric cars ...

Tourism : Borsec resort authorities to open spa&balneal center in mid-December

Tuesday, October 25, 2022

The authorities of the Borsec resort intend to open a spa&balneal center in mid-December, with the preparations for the opening of this important objective being on the last home stretch.Mayor of the resort Mik Jozef tsaid that the opening is anticipated between 15 and 20 December, the spa center undergoing the approval ...

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