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EUR 4 M investment in a new hotel in Sfantu Gheorghe

Tuesday, December 21, 2021

The pandemic provided Romanians with the opportunity to rediscover the beautiful tourist destinations in our country and, despite the discouraging period for investments, entrepreneurs continued the planned projects before the onset of the pandemic situation. One of the hotel projects initiated more than 2 years ago and continued even during the pandemic period is being developed in Sfântu Gheorghe, Covasna county, by the owners of the chain of construction ...

Infrastructure: Constanta: Goods traffic on the rise in Romanian sea ports this year

Tuesday, December 21, 2021

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The overall traffic of goods in Romanian sea ports was over 62 million tons in the first 11 months of the year, 13.5% higher than in the same period of 2020, the management of the National Administration of Sea Ports Company (CNAPM) Constanta informed on Wednesday. Florin Goidea, the general manager of CNAPM mentioned at a press conference, that cereal traffic is 24 million tons in the mentioned period, the highest in the history of ...

Adina Valean: Proposals for improving transport infrastructure will bring Romania on a new European corridor

Tuesday, December 21, 2021

 The European Commissioner for Transport, Adina Valean, announced on Wednesday that she has presented at this year's end four proposals that will lead to the modernization of transport, with great emphasis on railway infrastructure and inland waterways, and the novelty for Romania is that it will be part of two European transport corridors: the current Rhine-Danube corridor and a newly created corridor: the Baltic Sea-Black Sea-Aegean Sea.The Rhine-Danube ...

EUR 80 mln modernization project envisaged by Craiova airport in southern Romania

Tuesday, December 21, 2021

A RON 400 mln (EUR 80 mln) project of the Dolj County Council for the modernization of Craiova Airport, financed with European funds through the Large Infrastructure Operational Program (LIOP), was signed on Thursday (December 16) by the minister of transport, Sorin Grindeanu, and the director of the airport, Sorin Manda, in the presence of prime minister Nicolae Ciuca.   The upgrade will bring the airport’s capacity ...

Agriculture: Agriculture Minister calling on flexibility from European Commission to submit Strategic Plans by March

Tuesday, December 21, 2021

  Minister of Agriculture Adrian Chesnoiu called on the Agriculture and Fisheries Council for flexibility from the European Commission regarding the submission of Strategic Plans, namely by March 1, 2022, as delays in adopting the legal basis will affect the preparation of the new programming period, and farmers will not be able to get acquainted in time with the new rules of the CAP, informs the relevant ...

Four Sonimpex Topoloveni products, classified in category A in Nutri-Score labelling system

Tuesday, December 21, 2021

 Four Sonimpex Topoloveni products have so far been included in the Nutri-Score A category, respectively plum jam, eggplant and bean zacusca (hotchpotch) and broth, which attests to the quality of the products and ingredients used, informs a press release of the company sent on Friday."We are delighted that our products have been included in the same Nutri-Score category as fruit and vegetables. Unfortunately for us, we have had unfair competition in ...

Romania will remain grain exporter for a long time ahead

Tuesday, December 21, 2021

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Romania will remain a grain-exporting state for a long time ahead, as it produces more raw materials than it consumes, says Agriculture and Rural Development Minister Adrian Chesnoiu.He mentioned that reducing the trade deficit in agri-food products has become a goal for "everyone," although this did not happened in recent years. The only years in which Romania had a surplus in trade in agri-food products were 2013 and 2014, with an increase of 300 million euros ...

Local wine market will got up by 20% this year

Tuesday, December 21, 2021

The turnover of Romanian winemakers will go up by 20% this year, from a level of 1.7 billion RON in 2020, Romania having the highest yearly estimate upfront fee of wine manufacturing in the EU in 2021, according to the analysts of a company that supplies information business solutions in Romania.According to the latest KeysFin analysis, the turnover for Romanian winemakers was 1.7 billion RON in 2020, the drop being marginal, of 1.5%, when comparing with ...

Trade: Survey: Only 46% of Romanians in urban area spent whole budget planned for Black Friday

Tuesday, December 21, 2021

Only 46% of Romanian Internet users in the urban area spent the whole budget planned for Black Friday, this year. Most expenses were between 500 and 2,000 lei (40%), according to the 7th edition of the Black Friday study made by Starcom.   The survey points out that most Romanians continue to pay from their savings on Black Friday, while payments made from current salaries and credit were more frequent in ...

Sameday research: 76% of e-commerce consumers place at least 2 orders per month

Tuesday, December 21, 2021

Sameday conducted a study on how e-commerce consumers relate to the courier market. The results illustrate key data about the profiles of the Romanian buyers and the expectations they have from courier companies.   76% of e-commerce consumers place at least 2 orders per month   According to research, in Romania, 76% of those who shop online place at least 2-3 orders per ...

Real Estate: Mega Company borrows EUR 11 mln to build new logistics park in west Bucharest

Tuesday, December 21, 2021

Mega Company, a US real estate company specializing in the development and operation of industrial and commercial spaces, secured a EUR 20.6 mln from Alpha Bank to finance a new logistics park located on the Bucharest ring road, in the western part of the ...

Telecom. IT: Romania to hold auction for 5G frequency bands in Q3, 2022

Tuesday, December 21, 2021

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The tender for the frequency spectrum dedicated to the implementation of 5G services is scheduled for the third quarter next year, according to the action plan put up for public debate on Monday (December 13) by the Romanian telecom market regulator ...

Cars: National car production decreases 6.12% in first 11 months

Tuesday, December 14, 2021

The national production of cars reached, in the first 11 months of the year, 379,952 units, down 6.12% compared to the same period in 2020, when the number of units produced was 404,699, show the data published by the Romanian Automobile Makers Association (ACAROM).At the level of November, 46,773 cars were produced in Romania, almost 3% fewer than in the similar period of the previous year (48,208 units). Of the total recorded in November, 25,880 ...

Infrastructure: Eurostat: Romania, among the EU states with the lowest decrease in air passenger transport in 2020

Tuesday, December 14, 2021

To prevent the spread of COVID-19, countries around the world have taken a variety of restrictive measures since the beginning of 2020. The air transport industry was severely hit.   In 2020, the total number of passengers travelling by air in ...

Air passenger transportation up 30.8pct January through September, 2021

Tuesday, December 14, 2021

Air passenger transportation increased by 30.8pct in the first nine months of 2021 compared to the same period last year, from 6.11 million passengers to 7.992 million passengers, according to centralized data by the National Institute of Statistics (INS).The largest shares in terms of passenger transportation were held by the Henri Coanda-Bucharest airports, with 2.47 million passengers boarded and 2.409 million passengers disembarked, the ...

State aid: Commission approves €10.3 million Romanian scheme to support airport operators in the context of the coronavirus pandemic

Tuesday, December 14, 2021

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The European Commission has approved a €10.3 million (RON 51.5 million) Romanian scheme to support airport operators in the context of the coronavirus pandemic. The scheme was approved under the State ...

EU Commissioner Valean announces new transport corridor for Romania, cautions accomplishment requires painstaking planning

Tuesday, December 14, 2021

Romania can make strides in the development of its railway network and will have a new transport corridor, as all European instruments will be focused in this direction, but this requires determination and a good plan that must be strictly observed, European Commissioner for Transport Adina Valean told a debate on Romanian railways organized on Friday by media outlet DC News."Romania will have a new transport corridor, I tell you this for the first ...

Real Estate: Statistics:2.33pct increase in number of homes put into use in Jan-Sep

Tuesday, December 14, 2021

  The number of homes put into use in the first nine months of the year, at the national level, increased by 2.33%, to 49,621, compared to the same period in 2020, according to official data, published on Friday by the National Institute of Statistics (INS).Between January 1 and September 30, 2021, most homes were handed over in urban areas, accounting for 61.2% of the total.Overall, compared to the reference period, 49,621 ...

Agriculture: AIG takes over to cultivate 13,700 ha in southern Romania

Tuesday, December 14, 2021

African Industries Group (AIG), a multinational holding originating in Nigeria and owned by Raj Gupta and Alok Gupta, will take over three Romanian companies in the southern part of the country (Calarasi County) that own 13,700 hectares and a storage capacity of almost 40,000 tonnes.   The African investor pledges to bring modern technology that it already uses in ...

Government approves increase of state aid for livestock breeders for 2021

Tuesday, December 14, 2021

The government decided on Friday to increase the state aid for livestock breeders for 2021, from 40 million lei to 70 million lei, government spokesman Dan Carbunaru announced. (1 euro = 4.9490 RON)"A decision adopted (in today's meeting) concerns the amendment of Article 19(8) of Government Decision 1179 of 2014 on the establishment of a state aid scheme in the livestock farming sector. The piece of legislation approved by the Government increases ...

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