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Economic
Colliers International estimates real estate transactions above EUR 1 bln threshold in 2019
Tuesday, January 15, 2019
The base scenario for corporate transactions on the real estate market for 2019 is a good one, given that Romania is doing well in terms of supply – there are more properties on the market than a few years ago and demand is slowly extending to investors who are not present in Romania. Colliers International analysts estimate a value above EUR 1 billion for this year. “The number of institutional products continues to be the main difficulty, ...
Healthcare: Romania, among the EU Member States with the highest number of dentists versus the population
Tuesday, January 15, 2019
In 2016, over 360 000 dentists, 450 000 pharmacists and 550 000 physiotherapists worked in the EU. There were large variations in the share of dentists per 100 000 inhabitants among the Member States: Greece recorded the highest share (123 dentists licenced to practice), followed by Bulgaria and Cyprus (112 and 104 practising dentists respectively). The lowest proportions were found in Poland and Malta (33 and 47 practising dentists respectively) and ...
Commissioner Corina Cretu: Local authorities can benefit from European money for regional hospitals
Tuesday, January 15, 2019
The three regional hospitals may be financed by European funds during the current programme, European Commissioner for Regional Development Corina Cretu says in a reply to MEP Marian-Jean Marinescu. “Now we are waiting for the Romanian Government to file the projects,” Cretu added/ The commissioner confirms that local authorities may become beneficiaries of European money for building regional hospitals, instead of ...
Infrastructure : Low-cost airline Eurowings to operate in Romania
Tuesday, January 8, 2019
The low-cost airline Eurowings will start operating direct flights from Timisoara to and from Germany, the Timisoara Airport has announced on Friday. The German low-cost airline will start operating as of June 3, 2019, to and from Stuttgart. “It’s a first destination provided by Eurowings as of June. We want the airline opens other direct flights from Timisoara in time,” said the airport manager, Daniel ...
Tourism: Government approves 310 million lei fund for development of 31 balneary resorts
Tuesday, January 8, 2019
The government approved, by emergency order, the setting up of a 310 million lei fund for the development of 31 balneary resorts, finance minister Eugen Teodorovici said on Friday. “The first measure is to set up a development fund for 31 balneary resorts of national interest for which we will provide 310 million lei in next year’s budget. The purpose is to rehabilitate, modernize infrastructure, access to these places of national interest. ...
În 2018, foreign tourists spent in Romania by 120 mln euro more than în 2017
Tuesday, January 8, 2019
Foreign tourists spent în 2018 by 120 million euro more in Romania as compared to last year, according to a press release issued by Tourism Minister Bogdan Trif."The Romanian tourism has seen growth everywhere thanks to the measures taken by the Executive in the past year, so the National Institute of Statistics officially confirmed the development of tourism in terms of revenues and the number of foreign tourists who visited Romania. On average, a foreign ...
The tourism in month of November 2018, up 6.4pct
Tuesday, January 8, 2019
• Compared to the corresponding month of the previous year, the arrivals in the establishments of tourists’ reception with functions of tourists’ accommodation increased by 10.4 %, while the overnight stays increased by 10.8% in November 2018. • Compared to November 2017, in November 2018 customs registered an increase in the arrivals of foreign visitors of 7.9 % and a decrease of 1.2% in the departures abroad ...
Real estate: EIB backs expansion of logistic infrastructure in Romania with credit of 150 million euro
Tuesday, January 8, 2019
The European Investment Bank supports the expansion of logistic infrastructure in Romania by granting a loan of 150 million euro to Warehouse De Pauw (WDP) company, for the construction of 43 warehouses throughout Romania, EIB shows in a press release. New warehouse deposits will be rented on a long term, accent being laid on establishing new logistic operations or in the light industry and will be located on the five key national corridors identified ...
In the first 10 months there were put into value 40,378 apartments , a growth of 2.5%
Tuesday, January 8, 2019
Between 1 January – 30 October 2018, 40,378 residences were put to use, a growth of 2,55% (1,006 flats) against the same period fo last year according to the data sent by the National Institute for Statistics (INS). On matters of residence in the ten months of this year, most appartmens were given to use in the urban environment as share representing 58,3% out of the total.The share on financing source for the residences finished shows the fact ...
Trade: Large retailers managed to keep their turnover growth at 12%, double the size of national consumption growth
Tuesday, January 8, 2019
Large retail chains operating mainly in shopping centers maintained an average growth rate of 12% in 2018, similar to 2017 and double the advance in consumption, which increased by 5.9% during the first ten months of the year, according to the second edition of Retailers’ METRICS study by Cushman & Wakefield Echinox. The study examined the expansion and turnover growth of 88 retail companies operating stores under more than 100 international ...
Romania ranks 8th in the top ten beer producers in the EU
Tuesday, January 8, 2019
Romania has ranked eighth among the top ten beer producers in the European Union last year, according to the latest report on the European beer sector released by “Europe Brewers” organization last December. Therefore, boasting a production of 16.05 million hectolitres of beer, Romania has succeeded Czechia in 2017 and managed to outrank Italy. As for the consumption volume, Romania ranked 7th last year, with 16.11 million hectolitres, ...
Agriculture: In 2018, Romania had record farm yields and very high imports
Tuesday, January 8, 2019
2018 can be considered a year of paradoxes for agrculture and food industry: it was a year of record crops and of record food imports, a situation which should be considered and solved by authorities. Good news: Romania ranks 3rd in Europe for cereal yields with 31.890 million tons, 4th for wheat yields, with 10.247 million tons. For corn, with yields of 18.9 million tons, and sunflower with 3.3 million tons, Romania is first in Europe. For corn we ...
Cars: Over 171,000 new cars sold in Romania in first 11 months of 2018 (APIA)
Tuesday, January 8, 2019
The overall volume of new car sales was of 171,345 units over January-November 2018, on the rise by 20.4% compared to the same period of 2017, according to data published by APIA. In this context, cars are purchased by companies (60%), although the number of cars bought by persons (58,107 units) went up by 41.1% compared to 2017. According to data centralised by APIA, 145,208 of the 171,345 new vehicles delivered in 11 months ...
Dacia new car registrations in France – up by 19.1% in 2018
Tuesday, January 8, 2019
Dacia new car registrations in France increased in 2018 by 19.1% up to 140,326 units, as compared with 117,865 vehicles in 2017, according to the data released by the French Automobile Manufacturers Committee (CCFA). Deliveries of Ford and Daimler groups have declined by 2.1% and 3.8% respectively in 2018, while Renault reported a 2.5% advance. Overall, the French car market recorded an increase of 3% last year (with 2.17 ...
Telecom. IT: Total incomes from supply of electronic communication networks and services dropped by 3,3% in first semester
Tuesday, January 8, 2019
ANCOM announced that overall incomes obtained from the supply of electronic communication networks and services dropped by 3.3% in the first semester of 2018, up tp 7.76 billion lei (1.67 billion euro). Operators’ incomes grew by 2.4% compared to the same period of 2017. At the same time, incomes obtained from fixed and mobile internet services went up by 2.7% in the first semester, to 2.42 billion lei. They represented 31% of total market ...
Healthcare: Health Minister: Three regional hospitals to be built after 2021
Tuesday, January 8, 2019
A number of three planned regional hospitals will enter construction only after 2021, so that they could benefit from the EU’s 2021-2027 co-financing mechanisms, Romanian Health Minister Sorana Pintea announced on Tuesday. According to Pintea, procedures for the hospitals suffered procedure-related delays, which would have pushed the start of construction in 2020-2021 regardless. “We will start construction based on ...
Infrastructure: Eurostat: Romania ranks 16th in the EU in terms of air passenger traffic
Tuesday, December 18, 2018
Romania ranks 16th among the 28 European Union in terms of air passenger traffic with 17.9 million passengers carried last year, half the level registered in Denmark, according to Eurostat. In the same time, Bucharest’s Otopeni airport ranks 37th among the EU’s airports in terms of number of passengers, with 12.8 million passengers, just after Budapest (13 million). In the EU, the largest number of air ...
Real Estate: Transactions worth EUR 4 billion on Romania’s real estate market in the last five years
Tuesday, December 18, 2018
Revenue-generating property transactions worth more than EUR 4 billion have been made on the Romanian real estate market over the last five years, with South African investors having been the most active buyers, with a 28 percent market share, followed by Greek (14 percent), French (10 percent) and Romanian investors (7 percent), according to an analysis by real estate consultancy firm Cushman & Wakefield Echinox quoted by ...
CONSTRUCTION OF DWELLINGS, higher by 1,006, in first three quarters of 2018
Tuesday, December 18, 2018
In the third quarter of 2018, 17363 dwellings went into use, 1048 dwellings more compared to the third quarter of 2017. In the 1.I-30.IX.2018 period, 40378 dwellings went into use, 1006 dwellings more compared to the same period of the previous year. The number of dwellings than went into use in the first nine months of 2018 was standing at 40,378, up 1,006 from the same ...
Tourism : Non-resident tourists arrived in Romania during 1.I - 30.IX.2018 spent 2367.7 lei/person as average
Tuesday, December 18, 2018
In Q III 2018, the total number of non-residents in collective tourist accommodation structures was 938.3 thousands and their total expenditure amounted to 2168.8 million lei. During 1.I – 30.IX.2018, the number of non-residents in collective tourist accommodation structures was 2211.7 thousands and their total expenditure amounted to 5236.6 million lei. The number ...