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Trade: Black Friday to exceed in 2019 historic threshold of 300 million euro in Romania

Tuesday, November 5, 2019

 This year, Romanian trade will register the most spectacular Black Friday in history, with over 100 million products sold in just a couple of days and collections of almost 300 million euro in November, show the data collected by analysts with the Frames consulting company based on market estimates.The 9th edition of Black Friday has already started in some stores, however, the highlight will be on 15 November, the day when all large players on the market, ...

Study: 69pct of Romanians choose foodstuffs as natural as possible, 68pct choose Romanian products

Tuesday, November 5, 2019

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Romanians are increasingly aware of the importance of a healthy lifestyle, and this is also reflected in the concern for food, given that 69pct of Romanians say they choose foodstuffs as natural as possible, and 68pct opt for foodstuffs of Romanian origin, shows a study by a company specialized in market research and consulting."The interest of Romanians in healthy eating is not necessarily a novelty, but it has become a more visible trend under the influence of ...

Infrastructure : About 180,000 Romanians affected by flight cancellations or delays every year

Tuesday, November 5, 2019

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About 180,000 Romanians are affected every year by flight cancellations or delays. The amount of money they lose annually from the compensation rights for canceled of delayed flights they do not request exceeds 35 million euros, according to FlightClaim.ro. “Every day, 5-6 flights are canceled or delayed in Romania daily, which means that about 500 Romanians are affected. Over 1,000 flights with such problems were recorded in the last 9 months on ...

Volume of freight increases by 2.8 pct in H1

Tuesday, November 5, 2019

Road freight registered in the first half of 2019 an increase of 2.8 pct in what regards the volume of freight, compared to the similar period of last year, of the total of 113.9 million tons 75.3 pct being registered for national transport, an increase of 4.2 pct, according to data centralized by the National Institute for Statistics (INS).In regards to rail transport, the volume of freight increased by 8.8 pct. 28.218 million tons of freight was transported, of ...

Tourism : Over 10.4 million arrivals reported by Romania's tourist accommodation establishments. Jan.-Sept., 2019

Tuesday, November 5, 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 1.1 %, while the overnight stays increased by 1.5% in September 2019. Compared to September 2018, in September 2019 customs registered an increase in the arrivals of foreign visitors of 10.3 % and an increase of 7.1% in the departures ...

DER Touristik Group finalizes integrating Travel Brands into its Romanian business

Tuesday, November 5, 2019

Travel Brands is part, as of October 2019, of the DER Touristik Group, operator of the Dertour brand and one of the largest tourism companies in the world, the company announced in a press release.The transaction was authorized by the Competition Council and finalized according to the planning.Through this step, the DER Touristik Group, headquartered in Cologne, Germany, is expanding into a dynamic, fast-growing market - and where, following the ...

Healthcare: Study: About 400 new pediatric cancer cases diagnosed in Romania annually

Tuesday, November 5, 2019

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About400 new pediatric cancer cases are diagnosed and treated annually in Romania, which means an annual incidence of ten cases per 1,000 children, according to a study presented by the Romanian Society of Pediatric Onco-Hematology. According to this study, 3,708 cancer cases were discovered with children over 2010-2017, the highest frequency being the age group 0-4 years, and the fewest cases with teenagers (15-19 years). The ...

Patients' association accuse disastrous situation of drug availability in Romania

Tuesday, November 5, 2019

Less than 4,000 drugs are authorised in Romania, less than half the European Union average, as an association of chronic patients accuses the outgoing government of leaving behind "filled cemeteries" with its policies regarding medicines.According to the Alliance of Chronic Patients in Romania, the underfunding of the system and populist policies regarding medicine prices - the lowest in the EU - has made it so that such patients have "no chance to live, because ...

Real estate: Office market in Bucharest , the most dynamic in CEE in semester 1, 2019

Tuesday, November 5, 2019

The office market in Bucharest was the most dynamic in Central and Eastern Europe (CEE) in semester 1, 2019, when most modern office areas were commissioned (185,000 sq.m), while the biggest offer was made in Warsaw, Budapest and Prague, according to the latest report of the real estate consulting company Colliers International. “Reported to the number of inhabitants, the office area in Bucharest was about a third under that of Warsaw, which in ...

Telecom. IT: EU Presidency: EU must become the main market for 5G network installations

Tuesday, November 5, 2019

EU must become the main market for installation of mobile 5G networks, which are essential for improving the competitiveness of the community block, according to preliminary conclusions of the Finnish EU presidency, quoted by Reuters. Changes brought by 5G mobile network technology , devices and applications “make it necessary that EU and member states granted special attention to ensuring cyber security of those networks and of new services. The ...

Tourism: AirBNB includes Romania among top 5 trending travel destinations for 2020

Tuesday, October 29, 2019

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Romania was included at number 5 in a ranking of 20 countries of top trending travel destinations for 2020 by the AirBNB online accommodation booking platform, according to a press statement released by the Ministry of Tourism on Tuesday.AirBNB says that Romania, with its pristine hills and ancient rural villages, is the perfect destination for anyone looking for something off-the-beaten-track, where tourists can enjoy unique experiences, placing Romania in the ...

Romania has 38 five-star hotels on July 31, 2019

Tuesday, October 29, 2019

Romania had 38 five-star rated hotels on July 31, 2019, representing 4.2pct of the total number of places in hotels, by two more than on July 31, 2018, according to data released by the National Institute of Statistics (INS) on Tuesday.Most hotels were rated 3 and 4 stars (76.8 pct)."Most hotels were in the three, four and two-star category (53.5 pct, 23.3 pct, and 18.6 pct, respectively). There were 38 five-star hotels (2 more than on July 31, 2018). ...

Travel agency : Romanians, the 7th most numerous tourists in Antalya

Tuesday, October 29, 2019

If Romania is great at exporting tourists, which is encouraging for the local tour operators, the domestic tourism promotion is still a thorny issue. The main problems remain the situation of the Romanian flag carrier, Tarom, the high VAT in tourism and the poor promotional activities to lure foreign visitors. Alin Burcea , the CEO of Paralela 45 travel agency told a press conference that the business is growing on certain routes, such as Antalya, with ...

Cars: Romania among the EU member states where most cars have petrol engines

Tuesday, October 29, 2019

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In 2017, in 13 out of 24 Member States for which data are available, over half the cars ran on petrol. This share was largest in Cyprus (84%) ahead of Finland (74%) and Denmark (69%). Diesel-driven cars exceeded the 50% threshold in France (68%), Lithuania (67%), Luxembourg (62%), Belgium (58%), Spain and Austria (both 57%), Latvia and Portugal (both 56%) as well as in Ireland (53%). According to data from 2015, in Romania there ...

Real Estate: Corporate Finance House Group enters Romanian real estate market

Tuesday, October 29, 2019

Corporate Finance House Group (“CFH”), a Middle Eastern investor, has acquired the holding structure owning Day Tower office building in Bucharest, developed by Dimitris Mourkakos of Day Group and completed end of 2018. The Investor was advised by Savills on its first investment in the country; the developer was assisted by Crosspoint Real Estate. Day Tower is a brand new, grade A office building, close to the ...

Infrastructure : Grampet Group launches naval route between Batumi and Constanta ports

Tuesday, October 29, 2019

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Romanian group Grampet – Grup Feroviar Român (GFR), GR Logistics & Terminals LLC (Georgia) and ASCO Logistic CJSC (Azerbaijan) signed in Tbilisi an agreement establishing a Consortium that will operate regular shipping between the ports of Constan?a and Batumi/ Poti in Georgia. The agreement represents another step by which the member companies of the Middle Corridor Association – the Trans-Caspian International Transport Route ...

Agriculture : Agriculture's turnover up by EUR 500 million in 2019

Tuesday, October 29, 2019

The turnover of local companies operating in the agriculture sector will increase by almost half a billion euros in 2019, placing agriculture among the strategic sectors of the Romanian economy, according to the estimates of KeysFin specialists. However, the results could have been better had the weather been more favorable. If in 2018 agricultural production in Romania reached historical highs, with records for wheat ...

Healthcare: BR ANALYSIS. The causes of medicine shortages in Romania and the real impact of parallel trade

Tuesday, October 29, 2019

Medicine shortages have been a growing issue across the European Union, especially for drugs that target serious chronic diseases or cancers. Romania is one of the countries that are most affected by the problem, as a result of its low prices and lack of preventative measures. Although the most important stakeholders in this matter are the patients, they have little ability to influence decision making, and the same can be said about pharmacies. Negotiations are mostly ...

Trade : The Romanians have bought online 30% more furniture this autumn than in 2018

Tuesday, October 22, 2019

The online sales of furniture have increased this autumn in Romania with 30% against the data recorded in 2018, the average value of an acquisition being 105 euro, show the results of an analysis published on Monday by Vivre, the main online retailer in the home& deco industry in Romania. According to the Vivre research, out of the total of products which got into the Romanians’ houses, 40% were furniture, 20% textiles, 12% accessories for the kitchen and the bathroom, 10% ...

Tourism : Christian Tourto launch car sharing app for e-vehicles

Tuesday, October 22, 2019

Christian Tour, one of the largest tourism groups in Romania, will launch in November a car sharing application dedicated to electric cars, Cristian Pandel, the group’s founder and majority shareholder, ...

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