Loading page...

Romanian Business News - ACTMedia :: Services|About us|Contact|RSS RSS

Subscribe|Login

Economic

Healthcare: Population health improvement can add 9% to Romania's GDP in 20 years

Tuesday, July 21, 2020

Improving the people's health through investments in the field could add 9% to Romania's GDP in 20 years. The economic effects of improving the people's health, including the extension of work participation and productivity increase have the potential to boost annual GDP by 26 billion dollars by 2040, compared to the scenario in which  present conditions are maintained. Every dollar invested in the field of health could bring an economic benefit ...

Trade: Beer consumption has fallen by 10% since the start of the Covid-19 Crisis

Tuesday, July 21, 2020

In March-May 2020, the local beer sector fell by more than 10 percent over the same period of the  previous year, according to the Brewers of Romania Association. “Local brewers are very concerned about the situation in Horeca sector and, consequently, in the beer industry. The first months of the year were not good for our industry, and the strongest impact will be felt in the third quarter of the year, which is usually the peak season ...

Agriculture : Imports of raw milk increased by 41 pct in first five months of year

Tuesday, July 21, 2020

The imports of raw milk increased by 40.9 pct in the first five months of the year, specifically by 18,206 tons, over the same period of last year, totaling 62,739 tons, according to the data of the National Institute for Statistics published on Monday.In the mentioned period, the milk for consumption production increased by 12 pct (16.677 tons), up to 155,766 tons, while the processing units collected by 1.9 pct (9,147 tons) less cow milk over the similar period ...

Agriculture: Study: Romania imported vegetables of 516 million euros in 2019

Tuesday, July 14, 2020

200714110939vegetables.jpg

Vegetable imports grew in Romania in 2019 to 516 million euros.  In the top of products there were frozen vegetables, potatoes, carrots, dry beans and tomatoes, according to a study made by Tara Mea Cooperative, released on Tuesday. According to the source, vegetable imports even over July-August 2019 when Romania abounded of local vegetables. Data centralized by Tara Mea Cooperative show that, in July 2019 alone, Romania ...

Study: Five million tons of food wasted annually in Romania

Tuesday, July 14, 2020

About a third of the food produced for human consumption is wasted at global level, and this generates significant economic and environmental costs. A total of 89 million tons of food goes to waste every year in Europe alone, and five million tons come from Romania. This places the country ninth in a European ranking, after North ...

Real Estate: Prices of apartments in Romania, down 4.2% in three months

Tuesday, July 14, 2020

The average prices of apartments in Romania decreased in June for the third month in a row. Still, the monthly decline eased to 1.1% from 1.4% in May and 1.7% in April. The cumulative decline in the three months thus reached 4.2%, according to the data compiled by local property marketplace Imobiliare.ro based on the asking prices. The average price for apartments in Romania (including old and new apartments) reached EUR 1,333 ...

Eurostat: Romania, among the EU countries with the largest increases in house prices, in the first quarter

Tuesday, July 14, 2020

200714111025house_price_increase_616x370.jpg

House prices and rents in the EU-27 have followed very different paths since 2007. While rents increased steadily throughout the period up to the first quarter of 2020, house prices have fluctuated significantly. After an initial sharp decline following the financial crisis, house prices remained more or less stable between 2009 and 2014. Then there was a rapid rise in early 2015, since when house prices have increased at a much faster pace than ...

Globalworth has leased over 25,000 square meters during the pandemic

Tuesday, July 14, 2020

The Globalworth’s portfolio in Romania has been consolidated by the prolongation and/or the extending of the lease contracts for a period of 3 – 11 years with key partners such as Adecco, Cegedim, Clinicile ?i Laboratoarele Sfânta Maria, Mazars, and one of the most important banks in the system that has rented the Globalworth building on the Exhibition Boulevard. In the context of social distancing, the need to increase the existing ...

Bosch inaugurated new office building of its Engineering Center in Cluj

Tuesday, July 14, 2020

Bosch, a leading global supplier of technology and services, officially inaugurated the new office building of the Bosch Engineering Center Cluj. Construction work started in March 2018 and were completed in December 2019. The overall investment in this time was 30 million euros. The new facility covers a total built area of 17,000 square metres and more than 10,000 square metres of modern, custom-made office spaces ...

Infrastructure: An association of two companies will draw up the feasibility study for the Express Road Constanta-Tulcea

Tuesday, July 14, 2020

Egis Romania will draw up the feasibility study for the Express Road Constanta-Tulcea, the value of the contract being 17.845 million lei without VAT, informs the National Company for Administration of the Road Infrastructure (CNAIR).‘Friday, 10th July 2020, CNAIR signed the contract for services with the objective Feasability Study and Technical Draft for Execution for Express Road Constanta-Tulcea’ with the winner of the public bid. Association ...

Wizz Air to fly from Bucharest to Palma de Mallorca starting August

Tuesday, July 14, 2020

Hungarian group Wizz Air, one of the biggest low-cost airlines in Europe, will fly from Bucharest to the Spanish resort of Palma de Mallorca beginning August 9. The airline will offer two weekly flights on this route. Tickets for this destination can already be booked at prices starting at RON 119 (EUR 24.5). Palma de Mallorca is the capital and largest city of the Balearic Islands in Spain. It is located ...

Commissioner Valean: Speeding up motorway construction in Romania mainly depends on national authorities

Tuesday, July 14, 2020

200714111118autostrada_constructie_2.jpg

Speeding up the construction of motorways in Romania depends mainly on the Romanian authorities, European Commissioner for Transport Adina Valean told an online debate on last Thursday, emphasizing that financing sources have always been available."We are never out of plans, it is important that they meet the deadlines and that everything goes as planned. I say this because speeding up the construction of motorways in Romania depends mainly on the Romanian ...

Romania says restrictive provisions in Mobility Package I final version to affect EU road transport

Tuesday, July 14, 2020

The Romanian authorities, through the Ministry of Transport, Infrastructure and Communications (MTIC) and the Ministry of Foreign Affairs (MAE), consider that the provisions of a "restrictive" and "disproportionate" character, included in the final version of the Mobility Package I adopted by the European Parliament on Wednesday and whose "negative" implications have previously been reported repeatedly by the Romanian authorities, "will affect" the functioning of the internal ...

Cars: New car sales in Romania down 28% in June

Tuesday, July 14, 2020

New car registrations in Romania didn't recover in June when they decreased by 27.8% compared to June 2019, not far from the 30.7% overall decline in the first half of the year. In absolute terms, 10,161 new cars were sold in June and 49,616 in the first half of the year, according to the Association of Romanian Car Manufacturers (ACAROM). The sales of local producer Dacia dropped by 31.8% year-on-year to 14,572 units in ...

IntMin Vela: All car dealers, makers to be allowed to register cars directly

Tuesday, July 14, 2020

Minister of Internal Affairs Marcel Vela said on Friday that all car dealers, including producers, will be able to directly register the new owners' vehicles through a simple document."Today [Friday], I will sign the Order of the Minister of Internal Affairs by which the registration of vehicles can be done in a more efficient and simpler way, so that citizens are no longer put in a situation where they lose time, stand in line in congested areas, especially ...

Renault - Romania's EV market leader in H1

Tuesday, July 14, 2020

Carmaker Renault is Romania's market leader on the segment of electric vehicles, with a share of 44 percent in the first six months of the year, shows company data.Against the background of a 27 percent increase in domestic sales of 100 percent electric cars, Renault announces that its Zoe model has sold 225 units in H1 2020, twice the number registered between January - June 2019."Despite the delicate market context in the first half of the year, ...

Healthcare: First batches of Antibiotice Iasi-produced Covid-19 drugs supplied to the US and UK

Tuesday, July 14, 2020

200714111233376213.jpg

Romanian drug manufacturer Antibiotice Iasi delivered in early July the first supplies of two injectable anti-infective drugs used in the treatment of Covid-19 to hospitals in the UK and the US, the company said in a release on Thursday.With a dwindling activity on the Romanian hospital and pharmacy market, Antibiotice Iasi identifies medicines usage opportunities by bidding in international tenders organised, for instance, in the US and the UK, against the ...

Tourism : Arrivals in tourist accommodation units, 96.9 pct decrease in May; 3.8 pct were foreign tourists

Tuesday, July 7, 2020

Compared to the corresponding month of the previous year, the arrivals in the establishments of tourists’ reception with functions of tourists’ accommodation decreased by 96.9 %, while the overnight stays decreased by 97.0% in May 2020. Compared to May 2019, in May 2020 customs registered a decrease in the arrivals of foreign visitors of 81.5% and a decrease of 83.9% in the departures abroad of the ...

New Ibis Hotel near the future terminal 2 of  Henri Coanda International Airport

Tuesday, July 7, 2020

Accor has signed a management agreement with Alexandra Residence Design to open 144-room ibis hotel by the end of 2022. The newly signed hotel will be located near the future Terminal 2 of  Henri Coanda International Airport, the largest airport in Bucharest and in the country. Est Hospitality Consulting is the consultant of the project until its official opening while Cumulus Architecture is responsible for the design. On June 24th a management ...

Rebuilding travel: 5 measures that will allow you to travel (almost) for free

Tuesday, July 7, 2020

Highlights from the measures adopted in different parts of the world: Local authorities are paying for extra accommodation and offer free entrance to museums and archeological sites (Sicily, Italy) Beach resorts are offering free beach access and amenities (Bulgaria) Italy, Japan, UK might pay their citizens to spend holidays inside the ...

Premium News

Daily

Friday, August 7, 2020

Financial & Banking

Monday, August 3, 2020

Economic

Tuesday, August 4, 2020

Companies

Wednesday, August 5, 2020

Energy & Environment

Thursday, August 6, 2020