RSS
Economic
Romanian hotel market, record 25 million overnight stays in 2024
Tuesday, March 11, 2025
The Romanian hotel market is undergoing a period of accelerated growth, reaching a record of more than 25 million overnight stays in 2024, the highest level in the last 30 years, driven by an increasing number of foreign tourists and a high demand for modern hotels, according to the annual report published by Colliers.According to the cited source, Romania's international visibility is on the rise, and its accession to the Schengen Area in 2025 could boost the flow of ...
Healthcare: Economic footprint of innovative pharmaceutical industry in Romania was 4.7pct of GDP in 2023
Tuesday, March 11, 2025
The innovative pharmaceutical industry contributed approximately RON 51.4 billion to the Romanian economy in 2023, about 4.7% of GDP, the executive director of the Romanian Association of International Drug Manufacturers (ARPIM), Dan Zaharescu, said at the PRIA Finance for Keys Business Sectors conference."If we try to analyse the impact of pharmaceutical companies' investment in research and development, we see that investment in research and development is one of the ...
Romania gets EUR 230 million worth of European funds to improve healthcare services
Tuesday, March 11, 2025
There is EUR 230 million available for Romania's hospitals, research centres and healthcare companies under a new call for projects, part of the Healthcare Programme, to invest in innovative solutions aimed at improving healthcare services, access to modern treatments and applied research."The funded projects will revolutionise the way healthcare services are delivered: from the use of artificial intelligence for rapid diagnosis, to advanced technologies for personalised ...
Four million Romanians suffer from obesity
Tuesday, March 11, 2025
President of the Romanian College of Physicians Catalina Poiana on Tuesday said that the prevalence of obesity in Romania is 22.5%, which means that four million Romanians suffer from obesity."In Romania, the prevalence of obesity is about 22.5%, meaning we have 4 million Romanians suffering from obesity. If we look at the most recent World Obesity Atlas, which was released a few hours ago, it shows that the projected proportion of adults living with a high body mass index ...
Infrastructure: Air passenger transport increases 6% in 2024
Tuesday, March 11, 2025
Air passenger transport increased 6% in 2024, reaching 26,000,800 passengers, up from 24,536,800 passengers in the previous year, according to National Institute of Statistics (INS) data.The largest shares in passenger transport were recorded at Henri Coanda-Bucharest Airport, with 7,981,300 passengers boarding and 7,958,600 passengers disembarking; Avram Iancu-Cluj-Napoca, with 1,648,300 passengers boarding and 1,617,900 disembarking; and Iasi International Airport, ...
IFC Investment to Bolster Sustainable Infrastructure in Central and Eastern Europe, including Romania
Tuesday, March 11, 2025
IFC is investing up to €100 million in a senior unsecured bond issued by Kommunalkredit Austria AG (Kommunalkredit)—IFC’s first investment in a specialized infrastructure financial institution in Europe—to boost ...
CNIR assigns first contract for Unirii Highway, worth one billion euros
Tuesday, March 11, 2025
The National Road Investment Company (CNIR) awarded to an association of Romanian and Bosnian builders the one billion euro contract for the design and execution of lot 1C Sarateni - Joseni on the route of the mountain section of the Unirii Highway (A8)."The first contract awarded by CNIR: the design and execution of the Sarateni - Joseni lot of the A8! The association of Romanian and Bosnian builders that won this contract, worth 4.94 billion RON (excluding VAT), must ...
Air cargo transport increases 3.8% in 2024
Tuesday, March 11, 2025
Air cargo transport (including mail) increased 3.8% in 2024, from 49,952 tonnes to 51,853 tonnes, according to data published by the National Institute of Statistics (INS) .The activity of airports with the largest share of cargo transport is as follows: Henri Coanda-Bucharest with 14,900 tonnes of cargo loaded and 22,600 tonnes of cargo unloaded; Avram Iancu Cluj-Napoca with 3,400 tonnes of cargo loaded and 3,900 tonnes of cargo unloaded; Traian Vuia ...
Telecom.IT: Iasi city to host IBM's second European Quantum Data Center
Tuesday, March 11, 2025
Romania's first IBM Quantum Innovation Center, the FreeYa Mind Campus, will operate in Iasi and will train professionals capable of harnessing the potential of quantum technology in multiple fields, from complex simulations in medical research to cryptography and advanced artificial intelligence algorithms.This one-of-a-kind campus in Romania and Europe's second such educational facility, offers a future-driven environment focused on education, research and ...
Agriculture: Algeria interested in importing up to 300,000 sheep from Romania
Tuesday, March 11, 2025
Algeria is interested in importing from Romania up to 300,000 sheep, said the National Sanitary Veterinary Authority for Food Safety (ANSVSA) , following the meeting between president Alexandru Bociu and the Algerian ambassador Abdelmadjid Naamoune. “Essential topics for the collaboration between Romania and Algeria, such as the import of live stock were discussed during the meeting. Algeria is interested in importing up to 300,000 sheep in the ...
Statistics: Pig, poultry slaughter goes up, while cattle, sheep, goat slaughter down in January
Tuesday, March 11, 2025
The number of animal slaughters and the carcass weight increased in January 2025 compared to the same month of the previous year for pigs and poultry, while the numbers for cattle and sheep/goats decreased, according to data published by the National Institute of Statistics (INS) on Monday.In January 2025, compared to December 2024, the number of slaughters and carcass weight increased for poultry and decreased for all other animal species.According to INS, in ...
Cars: PwC Autofacts: New vehicle sales will increase by around 1.1% this year in Romania
Tuesday, March 4, 2025
Sales of new passenger cars and light commercial vehicles on the Romanian market are estimated to grow by 1.1% this year compared to 2024, with Romania and Slovakia being the only Central European markets to end 2025 in surplus, according to the PwC Autofacts report conducted on five markets* in the region. The car market in Slovakia is expected to rise by 2%, while Poland and Hungary will stagnate and the Czech Republic will decrease by ...
Infrastructure : Study: Investments Needed To Boost Romanian River Ports
Tuesday, March 4, 2025
Significant investments in the development of river transport infrastructure and a restructuring of tariffs are necessary to efficiently use ports and unlock the potential of cheaper and less polluting river transport, according to a study by the Naval Domain Oversight Council (CSDN) within the Competition Council. CSDN analyzed the organization and management of river transport infrastructure, as well ...
Real Estate: Western European Investors Spent €1.75B on Romanian Real Estate
Tuesday, March 4, 2025
Investors from Western Europe, particularly from Austria, the Netherlands, Belgium, and the United Kingdom, have been the most active buyers of real estate assets in Romania over the past five years (2019–2024), making investments totaling €1.75 billion, according to data from real estate consultancy Cushman & Wakefield Echinox. Their market share accounted for approximately 39% of the total transaction volume of €4.5 billion during the analyzed ...
Number of building permit for residential buildings increase 4.9% in January
Tuesday, March 4, 2025
The number of building permits issued for residential buildings increased 4.9% in January 2025 compared to the same month last year, reaching 1,918, while the total useful area reached 468,930 square meters, an 11.4% increase, according to data the National Institute of Statistics (INS) published on Friday.Of the total building permits for residential buildings, 70% are for rural areas.In January 2025, there was a noticeable increase in the ...
Average mortgage instalment in Bucharest equal to 43% of national medium net wage
Tuesday, March 4, 2025
The average instalment for a 25-year mortgage loan granted in Bucharest for the purchase of a one-bedroom new apartment (50 square meters net usable area) reached, at the beginning of 2025, a share of 43% of the average national net wage, according to Ipotecare.ro index of accessibility of contracting a mortgage – this being the lowest level registered in recent decades. In calculating the instalment / wage ...
Trade: Romania ranks first in EU for online shopping increase in last decade
Tuesday, March 4, 2025
Online purchases in EU continued to grow in 2024, the most frequent goods bought inline are clothes (including sportswear), footwear and accessories, according to data published by Eurostat. According to those data, last year, 77% of Internet users bought or ordered goods or personal use services online, on the rise from 59% in 2014, which represents a 17% ...
Retail market study: Preferences, figures and trends for 2025
Tuesday, March 4, 2025
Romanian retail market reflects a combination of pragmatism and a desire to indulge, according to the most extensive analysis of consumer habits in Romania, conducted by Footprints AI, a Romanian technology company that produces and commercializes one of the most advanced retail media and retail data insights platforms in the world and operates the most extensive retail media network in Romania and Central and Eastern ...
Share of e-commerce in GDP will reach, in Romania, 38.6%
Tuesday, March 4, 2025
E-commerce will reach 38.6% of Romania's Gross Domestic Product (GDP) in 2025, and by 2029 the share is expected to exceed 46%, according to the estimates of the Bulgarian eCommerce Association, published on Wednesday.According to a press release from the professional association, sent to AGERPRES, while purchases on mobile devices continue to have an upward trend, 56.4% of Romanian buyers prefer desktops and laptops, "which present a mix of ...
Healthcare: About 1.2 million Romanians suffer from a rare disease, screening needs to be strengthened
Tuesday, March 4, 2025
Approximately 1.2 million Romanians suffer from a rare disease, rector of the "Carol Davila" University of Medicine and Pharmacy Viorel Jinga said on Friday, stressing the need to "strengthen" screening programmes, especially pediatric ones, to detect these diseases early."In our country, the number of people suffering from a rare disease is about 1.2 million, in a general European context where the total reaches 36 million people affected by a rare ...