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European Commission approves 19.3-million-euro loan for state-owned airline Tarom

Tuesday, October 6, 2020

In a press statement released on this Monday, the European Commission announced having approved a loan guarantee of up to around 19.3 million euros (approximately 94 million lei) in favour of the Romanian state-owned airline TAROM.The measure aims to compensate the airline for the losses directly caused by the coronavirus outbreak and the travel restrictions introduced by Romania and other destination countries to limit the spread of the coronavirus March 16, ...

Tourism: MP Orban: Government looks for solutions to keep HORECA going

Tuesday, October 6, 2020


Premier Ludovic Orban declared that the government continues to look for solutions to keep HORECA sector going and asked representatives of the field to try to ensure that rules of sanitary protection are observed in hotels and restaurants they own.   “We tried to think about certain forms of support, canceling specific taxes, technical unemployment, 41.5% for resuming activities, flexible work ...

Telecom.IT: EY Report: 8 out of 10 telecommunication companies reconsider plans of digital transformation during pandemic

Tuesday, October 6, 2020

Eight out of ten global companies activating in the field of telecommunications (78%) reconsider their plans of digital transformation on the background of coronavirus pandemic, according to the conclusions of a specialized report made by EY.   The study “The main ten risks in telecommunications in 2020”, shows that in the context of isolation measures imposed in the world, which triggered ...

Cars: APIA: New car registration in Romania dropped by 31.8% in first 9 months

Tuesday, October 6, 2020

New car registrations dropped in Romania by 31.8% in the first 9 months of the year, compared to the same period of 2019, while in the second hand segment the decline was 16.3%, according to statistics of DRPCIV, quoted in a press release of the Association of Automobile manufacturers and Importers (APIA).   According to centralized data, 84,601 new cars were registered over January-September 2020, ...

Agriculture: APIA pays over 833million lei to farmers for crops affected by drought

Tuesday, September 29, 2020

More than 28,000 applications for support for crops affected by the drought have been declared eligible for payment, and 27,304 farmers have already received compensation worth more than 833 million lei, the Agency for Payments and Intervention in Agriculture (APIA) informed on Wednesday.According to the same source, the relevant authorities have verified the applications for support submitted by farmers between September 3 and 15, 2020 for the state aid ...

Cars: Increase of 10 pct in registrations of motorcycles, ATVs and motor scooters, at 8 months

Tuesday, September 29, 2020

Registrations of motorcycles, ATVs and motor scooters in Romania have gone up by 10.3 pct in the first eight months of 2020, over the same period of last year, shows the data of the Automotive Producers' and Importers' Association (APIA), published on Wednesday."The year 2020 debuted with a consistent increase (30.5 pct in January and 63 pct in February). April reflected the impact of the COVID-19 pandemic, with an abrupt decrease of 59.1 pct. The decrease ...

Infrastructure: Romania invests 22 billion lei in infrastructure in first eight months of the year, absolute record

Tuesday, September 29, 2020

Romania has invested 22 billion lei in infrastructure projects in the first eight months of the year, an absolute record for the past 10 years, Sebastian Burduja, secretary of state with the Ministry of Finance (MFP), told on Wednesday a profile conference."Economic growth means two things: increasing individual productivity and increasing population. What this Government has strived to do in the short term is to allow the economy to continue to function, to ...

PM Ludovic Orban: Transport infrastructure investments to connect Galati and Braila Counties to Pan-European Corridors 4 and 9

Tuesday, September 29, 2020

Prime Minister Ludovic Orban said on Wednesday that through investments in transport infrastructure that will be made in the next 5-6 years, the southeastern counties of Galati and Braila will be connected to Pan-European transport Corridor 4 and Corridor 9."Our idea is to implement a project to connect the Galati - Braila metropolitan area with all important transport networks. Investments in the transport infrastructure in Galati and Braila, in the next ...

AKTOR signs €573 million railway project in Romania

Tuesday, September 29, 2020


AKTOR signed a contract for a €573 million (excluding VAT) railway project in Romania, as leader (60%) of a consortium with ALSTOM (20%) and ARCADA (20%), a statement sent to ACTMedia informs.   The contract was signed on Tuesday, September 22, in Bucharest, between the General Director of the National Railway Company of Romania (CFR) Mr. Ioan Pintea and the CEO of AKTOR Mr. Alexandros Exarchou, in a ...

Cluj-based "Avram Iancu" International Airport first in Romania to obtain the ACI Airport Health Accreditation

Tuesday, September 29, 2020

Cluj-Napoca-based "Avram Iancu" International Airport is the first in Romania and among the first in Europe to obtain the "Airport Council International Airport Health Accreditation", especially for anti-COVID-19 measures."Avram Iancu International Airport in Cluj is the first airport in Romania and also among the first in Europe to obtain the "Airport Council International Airport Health Accreditation." The accreditation was obtained as a result of the ...

Real Estate: Only 13% of the 9.1 million residences were built in the last 30 years

Tuesday, September 29, 2020

Approximately 1.22 million new residencies were built in Romania between 1990 and 2019, representing only 13.4% of the total dwellings stock calculated by the National Institute of Statistics, so the residential stock is mainly composed of apartments built under the communist regime, having a low degree of comfort in most cases, according to an analysis realised by Cushman & Wakefield Echinox real estate consulting company. In only three ...

Study: specialists estimate a drop in price for flats between 5 and 10%

Tuesday, September 29, 2020


The specialists estimate a correction between 5 and 10% of the price for flats in Romania, depending on the market/town and on the sector of rentals 28% of the interviwees in a study about the impact of Covid-19 on the real estate market estimate drops both in the rural area and in the urban one, according to RE/MAX Romania, part  of the world group in real estate and franchise no.1 at global level. The company presented the results of a study ...

Trade: Bulgaria and Romania, the most reduced use of e-commerce in the EU

Tuesday, September 29, 2020


More than half (60%) of the adults in the EU aged between 16 and 7 used the internet to order goods and services in 2018, the lowest percentage being in Bulgaria, Romania and southern Italy, show the data published on Friday by the Eurostat ( the European Office for Statistics).Among the NUTS 2 regions ( the roster of statistics territorial units) in the EU, the  highest percentage of citizens who had online ...

Cars: Dacia car sales in Europe dropped by 34% in August

Tuesday, September 22, 2020


Dacia car sales recorded a drop of 34% in Europe in August, while the car manufacturer's market share dropped to 3.9% from 4.8% (in the same period of 2019), according to ACEA statistics released on last Thursday.Statistic data are available for EU states, UK and EFTA countries – Iceland, Liechtenstein, Norway and Switzerland.   Dacia car registrations in Europe amounted to 34,112 units last month, ...

Romania and Estonia recorded the most significant car sale decline in Europe

Tuesday, September 22, 2020

New car registrations in Europe dropped by 17.6% in August, to 884,394 units, while Romania and Estonia reported the most significant decline, according to data published by ACEA.   In August, the car market in Romania recorded a drop of 51.9%, with 11,157 cars registered against 23,177 cars in the same period of 2019. Estonia reported a decline of 42.3% last ...

Turnover in motor vehicles, motorcycles trade down 14.2pct in Jan-July

Tuesday, September 22, 2020

Romania's volume of turnover in motor vehicles and motorcycles trade decreased, between January 1 and July 31, 2020, compared to the similar period of 2019, both as gross series, by 14.2 per cent, and as a series adjusted according to the number of business days and seasonality, by 13.6 per cent, according to data published on Tuesday by the National Institute of Statistics (INS).The market services provided to the population, gross series, in the period January 1 ...

Real Estate: P3 Logistic Parks leased out a total of 58,637 m2 of logistic and office space in the first half of 2020

Tuesday, September 22, 2020

P3 Logistic Parks (“P3”) announces it leased out, in the first half of 2020, a total of 58,637 square meters of logistic and office space to clients such as Gebrüder Weiss Romania, Interbrands Marketing & Distribution, Logwin or Just Master Activities. Of the total number of transactions, 52% of the surface (30,466 m2) is represented by new long-term contracts, 38% are prolongations of existing contracts (22,420 m2), and the remaining 10% (over 5,700 m2) ...

The residential market showing resilience to the COVID-19 crisis

Tuesday, September 22, 2020

New housing has become more expensive in European countries over the last few years, including in 2019. Among the 23 countries participating in the Deloitte Property Index Study, 20 showed growth in prices of new dwellings and only three of them saw a price drop. Romania was among the former, with a price increase of 8.1 percent in the first quarter of the year. Experts in the residential real estate market expected the growth trend to continue in ...

Healthcare: PwC Romania: Limiting interaction means reconsidering market strategy and sales force in pharmaceutical industry

Tuesday, September 22, 2020

Limiting interaction means reconsidering market strategy and sales force in pharmaceutical industry and the number of medical representatives could drop by 10% to 30%, according to a PwC Romania press release.   “Prior to six months ago most interactions between physicians and pharmaceutical companies were face to face and often involved trips of hundreds of kilometers. Social distancing and ...

Tourism: Over 4.2 million euros returned to customers affected by flight cancellations this year

Tuesday, September 22, 2020


Over 4.2 million euros were paid back to customers affected by flight cancellations this year, offering at the same time various solutions to recover the said amounts, according to a statistic made by one of the online travel agencies in Romania.   According to Vola.ro, during the emergency state, about 95% of their customers' flights were canceled, 41,739 customers being affected by these changes. Of ...

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