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Under inflationary pressure, the office market has stagnated
Tuesday, January 31, 2023
* In 2022, the office market went through a period of stagnation. Demand values remained at the same level as in 2021, while deliveries of new space halved compared to 2021. Total demand for office space in Bucharest stagnated compared to the previous year, reaching 286,100 m², a level comparable to 2021. At the same time, net demand increased only slightly, by 3%, to 140,500 ...
Cars: 11,672 Renault vehicles registered in Romania last year, reaching a market share of 8.1%
Tuesday, January 31, 2023
11,672 vehicles were registered in Romania last year, in a market rising by 3.7%, recording a share of 8.1%, 0.8% higher than in 2021, according to a company press release. The car manufacturer ranked second in the top of imported cars registered in 2022. According to the source, Renault recorded a significant sales increase in C segment, which represented 45% of ...
Tourism: The Romanian tourists spent over 77 million euro in the first five countries of destination in December
Tuesday, January 24, 2023
The Romanian tourists spent in December 2022 over 77 million euro, cumulated in the first five countries of destination- Malta, the UK, the Netherlands, Ireland, Germany shows a study published by Revolut According to the quoted source, the top was maintained in the last quarter of last year and the value of the quarterly expenses for this category of services surpassed 225 million ...
Trade: Telemeaua de Ibanesti cheese to be also certified worldwide, 7 years after European certification
Tuesday, January 24, 2023
Telemeaua de Ibanesti cheese, made according to an ancient recipe from the Gurghiu Valley, is to be certified worldwide after being the first dairy product in Romania, in 2016, to be protected at European level, being entered in the Register of Protected Appellations of Origin and Protected Geographical Indications."We are going to be certified worldwide with the Telemeaua de Ibanesti. We are waiting for those from the World Commission, from Canada, to come, ...
Infrastructure: Wizz Air launches three routes from Romania to Turkey
Tuesday, January 24, 2023
Ultra-low-cost carrier Wizz Air announced the phased launch of three new routes from Romania to Turkey starting from April this year.The new flights will operate from Iasi to Istanbul, and from Cluj-Napoca and Bucharest, respectively, to Antalya, according to the following schedule: Bucharest - Antalya (starting from May 19, on Mondays, Wednesdays and Fridays), Cluj-Napoca - Antalya (starting from May 18 - Thursdays and Sundays), and Iasi - Istanbul ...
Number of passengers on Bucharest airports up 82.2pct in 2022
Tuesday, January 24, 2023
The air traffic recorded at the two airports in the Capital City Bucharest - Henri Coanda International Airport and Bucharest-Baneasa Aurel Vlaicu International Airport - increased by 82.2pct in 2022, compared to 2021, to a number of 12,610,247 passengers, according to the data published on Wednesday by the Bucharest Airports National Company (CNAB).Also, last year, 120,745 aircraft movements (landings plus take-offs) were reported, up 30.7pct ...
Record traffic of goods for Constanta Port in 2022
Tuesday, January 24, 2023
The Constanta Port registered a record traffic of goods in 2022, in the context of the conflict in Ukraine, the Constanta Port Business Association (CPBA) announced."The Constanta Port statistics for 2022 show increases in the main parameters that outline the performance of a port: 4,498 maritime ship stops compared to 3,985 in 2021, 10,868 river ship stops compared to 10,619 in 2021 and a total traffic volume of 75.550 million of tons compared to 67.483 ...
Cars: National production of cars exceeds 500,000 units in 2022
Tuesday, January 24, 2023
The production of cars in Romania reached 509,465 units in 2022, an increase of 21% compared to the previous year, according to the data provided by the Association of Automobile Manufacturers in Romania (ACAROM).In December last year, 35,930 cars were produced locally, of which 22,593 units were produced at the Dacia plant in Mioveni, and 13,337 units at the Ford Romania Otosan plant in Craiova.According to ACAROM statistics, for the entire year ...
Turnover in motor vehicles, motorcycles trade up 6.5pct in Jan-Nov 2022
Tuesday, January 24, 2023
Turnover in the trade with motor vehicles and motorcycles increased, on a gross basis, by 6.5% in January-November 2022 compared to the same period the previous year, while the volume of turnover of market services provided to the population rose by 27.3%, according to data published by the National Institute of Statistics (INS).In the period January 1 - November 30, 2022, compared to the period January 1 - November 30, 2021, the volume of turnover in ...
Agriculture: Commission approves EUR 44 million state aid scheme proposed by Romania to support cattle farmers in the context of Ukraine’s invasion
Tuesday, January 24, 2023
* State aid: The Commission approves the EUR 44 million state aid scheme proposed by Romania to support cattle farmers in the context of Russia’s invasion of Ukraine. The European Commission has approved an aid scheme worth EUR 44 million (RON 217.7 million) proposed by Romania to help ...
Real Estate: Over 230,000 sq. m of retail spaces are planned to be delivered in 2023
Tuesday, January 24, 2023
Approximately 100,000 sq. m of retail spaces were delivered last year, with retail parks having an 80% share, while cities such as Bucharest, Timisoara, Pitesti, Turda, Baia Mare, Slatina and Miercurea Ciuc benefited from such investments. The new supply will significantly increase in 2023, as over 230,000 sq. m of retail spaces are currently under construction and are planned to be completed by the end of the year, a total which would represent a record ...
Cars : "Green" cars reach a market share of 21.7% of all registrations in 2022
Tuesday, January 17, 2023
New car registrations increased by 6.8% last year, compared to 2021, with "electrified" cars registering a jump of 49% and a 21.7% market share of the total, according to statistics from the Association of Automobile Manufacturers and Importers (APIA), published on Friday.On the national market, the Top 10 brands, passenger cars plus commercial vehicles, after the 12 months of the previous year, is led by Dacia - with 40,253 units, followed by Ford - with ...
Trade: eMAG: Laptops, ear phones, smartwatches and iPhone 13 most in demand in 2022
Tuesday, January 17, 2023
Products such as laptops, earphones, smartwatches, watches or iPhone 13, were most in demand in 2022, next to appliances for home and family, like refrigerators, vacuum cleaners or Lego satellites, according to data released by eMAG retailer. According to it, 2022 was the year when people continued to value their free time, looking for products and services which should “help them stay connected ...
Jan - Nov 2022 raw milk imports up 4.6 pct YoY
Tuesday, January 17, 2023
Romania's raw milk imports over January - November 2022 totaled 134,714 tons, by 5,965 tons more (+4.6 percent) compared to the year-ago period, shows data released on Friday by the National Institute of Statistics (INS).The amount of cow's milk collected by processing units in the reporting period was 0.2 percent less than in the same period of 2021, at 1.04 million tons.According to statistical data, there was a drop in the output of dairy ...
The shelf price of spirits will increase this year, after the increase of the alcohol excise by 6%
Tuesday, January 17, 2023
The shelf price of spirits will increase this year as a result of the increase of alcohol excise by 6% starting with 1st January 2023, say the representatives of Spirits Romania, the association which gathers the main producers and distributors of alcohol and spirituous beverages in Romania.According to the quoted source, the increase of shelf prices will increase the consumption of ...
Tourism: Company owned by Transylvania Investments fund sells 6 seasided hotels
Tuesday, January 17, 2023
THR Black Sea, a company owned by Transylvania Investments fund, initiated a sales procedure for 6 hotels of 2,3 and 4 stars and other assets on the Romanian Black Sea coast, according to a press release. Tenders were scheduled as of January 25, 2023. “Investors interested in developing business on the Black Sea coast, the most important tourist area in Romania, can now purchase 2,3 and 4 star ...
Tourists choose Sovata spa resort as 'Health & Wellness' best destination of Romania in 2022
Tuesday, January 17, 2023
Head of the Tourist Information Center in Sovata Daniela Bereczki said that the investments made in the spa resort over the last 16 years, from European funds, as well as private investments, made it possible for it to be chosen as the best health and wellness destination (Health&Wellness) in Romania, according to the votes received from tourists."Sovata is always awarded due to the changes that have occurred in this locality, in this wonderful resort. ...
Real estate: Eurostat: The price of houses in Romania increased less than the EU average in the last decade
Tuesday, January 17, 2023
Rents and house prices in the EU continued to increase in the third quarter of 2022, going up by 2.1% and 7.4%, respectively, compared with the third quarter of 2021.Romania recorded among the lowest ...
Land transactions for commercial real estate projects in 2022, almost half compared to 2021
Tuesday, January 17, 2023
The volume of land transactions for commercial real estate projects (excluding industrial and traditional warehouses) amounted to approximately 450 million EUR in 2022, decreasing compared to 800 million as recorded in 2021, according to the estimates of a real estate consulting company.Bucharest and the surroundings of the Capital continue to be the most interesting for investors, attracting two thirds of the total volume, while the residential sector generated ...
Real estate investments reach 1.25 billion EUR threshold in 2022, up 40pct
Tuesday, January 17, 2023
The volume of transactions with commercial real estate assets with a 5 million EUR minimum value totaled approximately 1.25 billion EUR in 2022, 40pct more than in 2021, of which almost 600 million EUR represents the volume traded in Quarter 4 alone, according to a JLL Romania analysis.According to the quoted source, this result represents a record level after the economic crisis of 2008, while at the European level significant decreases were ...