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Economic

Telecom. IT: Roaming, trade terms between RO and UK will not change before Jan 2021

Tuesday, February 4, 2020

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The roaming terms related to the phone calls between Romania (European Union) and United Kingdom, will not change before January 2021, Romania’s telecom regulator ANCOM ...

Eurostat: Bulgarians and Romanians, in last places in the EU on using internet

Tuesday, February 4, 2020

In 2019, 87% of people aged 16-74 in the European Union (EU) reported they had used the internet during the previous three months. This share ranged from 98% in Sweden to 68% in Bulgaria and less over 70% in Romania, reads a Eurostat survey.. Internet use has grown rapidly over the years – in 2007 it stood at 57% and in 2013 at 75%. The internet was used mainly to send/receive e-mails (75%), to find information about goods ...

Secure 5G networks: Commission endorses EU toolbox and sets out next steps

Tuesday, February 4, 2020

The Commission endorses the joint toolbox of mitigating measures agreed by EU Member States to address security risks related to the rollout of 5G, the fifth-generation of mobile networks. This follows the European Council's ...

Infrastructure : Major infrastructure projects transferred from Prognosis Commission to relevant ministries

Tuesday, February 4, 2020

The Government approved by emergency ordinance the amendment of Emergency Ordinance (OUG) 39/2018 on the public-private partnership so that the National Commission for Strategy and Prognosis (CNSP)'s powers as centralizing unit of the public-private partnership procedures are eliminated and transferred together with investment projects to the relevant ministries, said the head of Prime Minister's Chancellery, Ionel Danca."Another draft normative act adopted today ...

Agriculture : Cereal exports grew 16 pct in first ten months of 2019

Tuesday, February 4, 2020

Romania, exported, in the first ten months of 2019, cereal worth 2.145 billion euro, by 16 pct more as compared to the similar period of last year, shows data centralized by the National Institute of Statistics (INS).On the other hand, imports of cereal and processed cereal-based foods amounted to 325.8 million euro (plus 18.2 pct), resulting in a 1.82 billion euro surplus.Wheat and meslin exports totalled 1.016 billion euro, representing 47.36 pct of ...

EU organic area up 34% since 2012

Tuesday, February 4, 2020

The total organic area in the European Union (EU) was 13.4 million hectares in 2018, corresponding to 7.5% of the ...

Germany, the largest cheese producer in the EU in 2018; Lithuania produces more cheese than Romania

Tuesday, February 4, 2020

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In 2018, 156.8 million tonnes of whole milk was processed in the European Union (EU). EU dairies produced 10.3 million tonnes of cheese, as well as 2.4 million tonnes of butter and other fat products (“yellow products”). Together, the production of cheese and butter used two-thirds (67%) of all the whole milk available to dairies. The EU also produced 30.1 million tonnes of drinking milk (around 17 million tonnes of which was from whole ...

Real Estate: Demand for office spaces in Bucharest up 18% y/y in 2019

Tuesday, February 4, 2020

Companies have rented almost 390,000 square meters (sqm) of office space in Bucharest last year, 16% more compared to 2018, reveals a market analysis published on Thursday by real estate consultancy firm JLL. According to JLL data, the largest office areas in Bucharest were rented in the Central Business District (CBD, 17.4% of total demand), in the central area (15.1%), Center - West (14.9%), North - Expozitiei (14.6%), and Floreasca - Barbu Vacarescu ...

Real estate: Companies rented 390,000 sq.m of office space in 2019

Tuesday, January 28, 2020

Companies rented about 390,000 sq.m of office space in Bucharest, last year, the highest level recorded in the last 9 years. Compared to 2018, total demand in Bucharest grew by 16%, according to data sent by the consulting company JLL. Expozitiei area attracted 15% of total demand of office areas recorded last year in Bucharest, thus joining top 5 of favorite areas for companies looking for office space, very close to Center-West area, which recorded ...

Study: Volume of industrial and logistic areas rented in Romania in 2019 – 476,000 sq.m

Tuesday, January 28, 2020

The volume of industrial and logistic areas rented in Romania in 2019 amounted to 476,000 sq.m, a value similar to that of 2018, when transactions of 514,000 sq.m were made, according to a press release of real estate consulting company JLL Romania. Bucharest attracted most demands of industrial and logistic areas in Romania, about 76% (360,000 sq.m), followed by Slatina with 13% (62,000 sq.m). JLL recorded in semester 1 a ...

Colliers Interna?ional: Predictions for the Romanian real estate market in 2020

Tuesday, January 28, 2020

The Romanian real estate market is expected to continue displaying robust growth in 2020, but slower than record-setting paces seen in recent years, Colliers International consultants predict. With good potential to generate steady, long-term income, capital appreciation and significant diversification benefits, the real estate segment still offers attractive investment opportunities, especially for investors that can cope with lower liquidity. Last year, ...

Romania's 2019 real estate investments top the 1-billion euro line

Tuesday, January 28, 2020

Romania's real estate investments went past the 1-billion euro line in 2019, standing 7 percent higher than in 2018, shows data of the research department of the real estate consulting company CBRE Romania.Last year's roughly 1.06 billion euro worth of investments mark a five-year high on the Romanian real estate market."2019 was the year of regional cities as regards office building trading, with Cluj-Napoca attracting investments worth almost 200 ...

Bucharest office market up 7% yoy in 2019 driven by new deals

Tuesday, January 28, 2020

The volume of office rental transactions (new deals and renewals) in Bucharest reached 385,800 sqm in 2019, up 7% compared to the previous ...

Cars: The program for electric and classic cars subsidizing will start in March

Tuesday, January 28, 2020

The government will continue to fund the Rabla and Rabla Plus programs, which will most likely be resumed in March, said Prime Minister Ludovic Orban. “They will be financed. Here it is clear that we have to give this impetus, especially to the Romanian producers. The car industry in Romania has a very important percentage of the gross domestic product. This stimulus is needed here to increase, in practice, domestic production. (…) Most ...

Growing demand for electric cars, yet consumers are reluctant to autonomous vehicles

Tuesday, January 28, 2020

Electric vehicle demand is growing fast in the European Union due to supportive environmental policies, big-brand bets and shifting consumer attitudes, according to the latest Deloitte Automotive Consumer Study conducted in ...

Infrastructure: Tender for Section 4 and Craiova-Pitesti Express Way resumed

Tuesday, January 28, 2020

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The National Road Infrastructure Administration Corporation (CNAIR) lifted the suspension of tender procedure, offer presentation date being February 24 Companies willing to in participate in this public tender procedure can make clarification requests until the mentioned deadline that is 21 days before the presentation of offers. The estimated value is 909,669,122 lei, without VAT. The contract will last 36 months: 12 months ...

Animawings , a new airline to operate in Romania

Tuesday, January 28, 2020

A new airline specialised in charters will operate in Romania starting May this year: Animawings, Pro TV informed. Orange2Fly Greek airline and Memento Group company (that also owns Christian Tour operator in Romania) are the shareholders of Animawings. The new airline has two Airbus A320-200 planes, with 180 seats each, which will provide charter flights for ...

Almost 14.8 million passengers recorded on Bucharest airports in 2019

Tuesday, January 28, 2020

Nearly 14.8 million passengers transited, in 2019, the "Henri Coanda" Bucharest International Airport and the "Aurel Vlaicu" Bucharest-Baneasa International Airport, up 6.39 per cent on the previous year's figure, show data released by the National Company Bucharest Airports (CNAB) on Tuesday.Of the total 14,729,894 passengers, 14,707,376 passengers transited the "Henri Coanda" Airport (+ 6.38 per cent compared to 2018), respectively 25,518 passengers were ...

PM Orban: Comarnic-Brasov and Sibiu-Pitesti highways can be made in five years

Tuesday, January 28, 2020

The Government will take a decision by the end of this month on the way the Comarnic-Brasov will be built, PM Ludovic Orban told an interview to HotNews.ro.The premier said the highways will be built with money from the state budget or through EU financing. Asked if the Comarnic-Brasov motorway could be concluded in five year, the PM said:“Yes, of PNL stays in power. The deadline is also valid for the Sibiu-Pitesti ...

Eurostat: Germany, Poland, Hungary and Romania, most rail accidents in the EU

Tuesday, January 28, 2020

About 885 people in the European Union died and 760 were seriously injured in railway accidents in 2018 (not including suicides), most of them being recorded in Germany, Poland, Hungary and Romania, data released by the European Bureau on Wednesday shows. Statistics (Eurostat). Between 2010 and 2018, the number of significant railway accidents in the EU fell by close to 25% to 1 721 accidents, 571 fewer than in 2010. A total of 885 persons were killed ...

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