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Economic
Cars: ACEA: 6,654 new cars registered in Romania in March, on the drop by 32.2%
Tuesday, April 28, 2020
6,654 new cars were registered in Romania in March, on the drop by 32.2% against the same period of last year, when 9,813 cars were registered, according to the European Automobile Manufacturers' Association (ACEA) statistics released on Friday. According to an Association of Automobile Manufacturers and Importers (APIA) press release, which quotes ACEA data, while in the first two months of 2020 there were relatively moderate drops (-7.5% in ...
Decrease of over one third of commercial vehicle purchases in Romania in Q1
Tuesday, April 28, 2020
Acquisitions of commercial vehicles decreased in Romania by 33.3 pct, in the first three months of the year compared to the same period in 2019, a contraction above the average in the European Union (EU), of respectively 23.2 pct, show the data of the European Automobile Manufacturers' Association (ACEA), quoted by the Association of Car Manufacturers and Importers (APIA).According to official statistics, in March 2020, commercial vehicle registrations in the EU ...
Real Estate: Colliers Study: Tenants expect to return to the office over the summer
Tuesday, April 28, 2020
Almost 70 percent of landlords and tenants in the office market believe that the Covid-19 epidemics will continue to affect their business throughout this whole year, with first signs of recovery being expected starting with 2021, according to a study conducted by Colliers International among 60 landlords and more than 100 tenants. While most tenants expect their workforce to return to the office before autumn, office market representatives ...
Belgian WDP reveals projects under development in Romania
Tuesday, April 28, 2020
Belgian logistics and industrial space developer WDP has announced various projects under way in Romania for big retailers such as Auchan, Carrefour, Decathlon, Profi , but also from other sectors such as Pirelli or Lecom Aggreko. Among the projects completed over the course of the first quarter of 2020, there are also two in Romania, for Auchan, in Stefanestii de Jos, near Bucharest (a 77,000-sqm area following a EUR 45 M investment) and for ...
Trade: The increase by 25% of the demand for office furniture in April
Tuesday, April 28, 2020
The demand for office furniture has increased by 25% as compared to the first three months of last year, while for multifunctional furniture, which could be turned into an office, the requests increased by 47%, shows an analysis made by SoHo Design, a Romanian start-up specialized in the domain of furniture retail, interior decorations and design. Similarly, during April, the demand for office lamps has increased by 40% against the period before ...
Eurostat: Online shopping continues to grow în EU
Tuesday, April 28, 2020
Online shopping is continuing to increase in the European Union (EU), says an Eurostat survey “Together with increasing use of the internet and improving security standards, consumers appreciate the possibilities of being able to shop anytime, anywhere, with access to a wide range of products and easy price comparisons. During the current coronavirus pandemic, with high streets in lockdown and consumers under social distancing restrictions, e-commerce can be ...
Romanians buy more online but cut non-essential expenses
Tuesday, April 28, 2020
Urgent Cargus, one of the largest courier companies in Romania, expects a 15% higher volume of deliveries in April, compared to February . Its activity has intensified amid the Easter holidays and the restrictions during the state of emergency. There was a peak in the days before the Orthodox Easter when the company had 47% more deliveries than in February. "The closure of many offline stores has boosted online shopping. However, the uncertainty ...
Winemaker Purcari : demand for wine is holding well
Tuesday, April 28, 2020
Bucharest-listed Purcari Wineries, one of the largest wine producers in Central and Eastern Europe (CEE), announced its sales rose by 9% year-on-year in the first quarter (Q1) . The increase came despite a nearly 50% plunge in exports to China in the same period, due to the COVID-19 epidemic. Orders for April show moderate growth/flat trend, the company announced in a note to investors. The main drag on performance is the shutdown of the HoReCa ...
Smartphone sales in Romania plunge by 50% in April
Tuesday, April 28, 2020
The sales of smartphones in Romania surged robustly by 20% in the first two months of the year, compared to the same period last year. However, they plunged suddenly by 50% in annual terms in the last days of March - during the first week of the lockdown period caused by the COVID-19 pandemic, when the shopping malls were closed. The dynamic, namely a sharp 50% contraction in the sales of smartphones, has maintained in April, ...
Infrastructure : Romania has 26,860 km of cobblestone, dirt roads and only 866 km of motorways, in 2019
Tuesday, April 28, 2020
At the end of 2019, the length of the motorways had increased by 5.2%, namely by 43 km, compared to the end of 2018. The electrified railways accounted for 37.4% of the railway network in use at the end of 2019. On 31.XII.2019, the public roads amounted to 86391 km, out of which 17873 km (20.7%) national roads, 35083 km (40.6%) county roads and 33435 km (38.7%) communal ...
Tarom resumes flights as of May 2
Tuesday, April 28, 2020
National flag carrier Tarom has announced it is resuming flights as of May 2. The first available destination will be to Amsterdam, with more flights to follow in the next days to Athens, Paris and Frankfurt. Tarom will operate flights to Amsterdam and Athens on May 2 and May 4, and more flights to Paris, Frankfurt and Amsterdam are due on May 6. Flights operated by Tarom to Munich will be available on May ...
Wizz Air to reopen its base în Timisoara as of May 1
Tuesday, April 28, 2020
Hungarian low-cost airline Wizz Air announced on April 25 that it is ready to reopen its base in Timisoara, western Romania, starting May 1. The company will take the corresponding measures for the health and well-being of the passengers during the check-in and on-board procedure. However, resuming operations depends on the decision of the authorities to eliminate or extend the current flight restrictions to and from ...
Romania to propose upcoming EU Transport Ministers Council meeting a set of post-emergency transport guidelines
Tuesday, April 28, 2020
At the extraordinary Council of EU Transport Ministers , Romania will propose that a set of guidelines be put forth on how transport should be carried out after the state of emergency is lifted, Minister of Transport, Infrastructure and Communications Lucian Bode said on Friday."The problems in the transport industry are, to the greatest extent, the same in all member states, if we refer strictly to the European Union. I believe that the European Union must ...
Healthcare: Ambassador Zuckerman’s Statement: Romania will shortly receive $800,000 in health assistance form US
Tuesday, April 21, 2020
It was my privilege to be able to announce to President Iohannis, Prime Minister Orban and the Romanian people that the generosity of the American people for its friends around the world continues. The United States, under the leadership of President Trump, is committed to help not only Romania, but also its other friends and allies, to fight the ravages of COVID-19. Even as the United States faces its own challenges in combating this dreaded virus, we are committed to ...
Tourism : Tourism vital to employment in several Member States
Tuesday, April 21, 2020
One of the first industries to be affected by the current coronavirus pandemic was the tourism industry. Travel restrictions and widespread cancellations have led to an almost complete halt in international as well as national tourism. Based on Eurostat estimates, in 2017, there were 2.3 ...
Real Estate: Real estate sales dropped by 2.4% in March
Tuesday, April 21, 2020
The number of houses sold in the country dropped by 2,4% in March (minus 1,192 houses) compared to February, to 48.379, according to date supplied by the National Agency of Cadaster and Real Estate Advertising. The number of houses, land and apartments which made the object of sales-purchase contracts at national level, in March 2020 was by 3.813 higher than in the same period of last year. Most real estate sales were recorded ...
CBRE: Q1 total real estate investment volume in Romania mounted to EUR 120.9 M
Tuesday, April 21, 2020
Appetite for the acquisition of office buildings and industrial parks, less rented offices and shopping centers with postponed openings, this is how this quarter could be described regarding the real estate market in Romania, according to the quarterly report ...
Infrastructure : EU transport chief cautions against green strings for airline bailouts
Tuesday, April 21, 2020
European Commissioner for Transport Adina Valean told EURACTIV in an interview that the coronavirus outbreak means it is the wrong time to condition state aid for airlines on green measures, but warned the industry to stick to its passenger rights obligations. Coronavirus lockdown measures have severely disrupted the transport sector, as border closures and travel restrictions forced airlines, rail companies and ferry links to scale back or cancel ...
Major investments in public infrastructure in Romania, key to a swift recovery
Tuesday, April 21, 2020
Alinso Group, an international company managing business and industrial parks and present in Romania through PWP Bucharest North, indicates public infrastructure investments to be a highly effective way for Romania to restore business activity, attract more and new investments resulting in a long term competitive economic environment. Ivan Lokere, CEO Alinso Group: “Investments in public infrastructure, highways, railroads, not to forget ...
Trade: Foreign retailers continue to invest the 1 billion euro scheduled for 2020
Tuesday, April 21, 2020
Large stores such as Kaufland, Lidl, Profi, Mega Image and Penny Market are moving ahead with planned investments for 2020 despite Covid19 pandemic which has brought the economy into “cardiac arrest”, many key sectors such as auto, furniture or non- food being temporarily blocked. At the beginning of 2020, the ZF estimates based on the information communicated by retailers showed that the players in the modern trade will invest almost 1 ...