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Instant.ro: Second-hand cars will get even more expensive in 2024

Tuesday, February 20, 2024

  The selling prices of used cars will continue to rise this year in Romania, but not at the same level as in 2023, when, on average, used cars became 18% more expensive. Electric and hybrid vehicles are the main categories of used cars that will be traded at higher prices, due to their growing popularity, according to an analysis by an AI-based platform in Romania mediating used car sales.   The anticipated increase ...

Agriculture : Ministry of Agriculture : Requests for financing from European funds of over 1 bn euros

Tuesday, February 13, 2024

 The funds available for investments in the conditioning, storage and processing of agricultural and fruit products, financed through the DR-22 intervention of the Strategic Plan for the Common Agricultural Policy 2023 - 2027 (PS PAC 2027), were fully consumed by the requests submitted online on the official website of the Agency for the Financing of Rural Investments during this period, informs the Ministry of Agriculture in a press release.According ...

Over 4 ml euros in state aid for garlic producers this year

Tuesday, February 13, 2024

The Ministry of Agriculture and Rural Development (MADR) will allocate over 4 million euros this year to partially cover losses to the garlic crop planted in fall 2023 - spring 2024 amid the crisis caused by Russia's aggression against Ukraine, shows a draft act posted on the institution's website as part of the public transparency procedure.Allocations for this state aid total RON 20,868,280, the equivalent of EUR 4,230,000, and the maximum de minimis aid ...

Poultry meat production increases by 5.5% in 2023 compared to 2022

Tuesday, February 13, 2024

Romania's poultry meat production increased by 5.5%, in 2023 v 2022, totaling 539,867 tonnes, according to the data of the National Statistics Institute published on Friday.In 2023, 321.8 million poultry were slaughtered, up from the 310.4 million recorded in 2022.The production of sheep and goat meat has also registered an advance, from 62,413 tonnes in 2022, to 89,079 tonnes of carcass in 2023, and the number of slaughtered animals increased ...

Real Estate: New Record On The Bucharest Office Market In 2023, More Than 1 Million Sq. M Leased In 2021-2023

Tuesday, February 13, 2024

 116,000 sq. m of office spaces were leased in Bucharest in Q4 2023, thus bringing the total 2023 transactional volume to over 463,000 sq. m, an all – time annual take-up record, according to data from the Cushman & Wakefield Echinox real estate consultancy company. The volume in question increased by 43% y-o-y, with a 19% growth also being recorded when compared with the previous benchmark of 390,000 sq. m set in ...

Infrastructure: Romanian airports ready for Schengen accession, alongside the Border Police

Tuesday, February 13, 2024

 The president of the Association of Romanian Airports (AAR), David Ciceo, estimates that traffic in the Schengen area, after March 31, will represent approximately 70% of the total flow of passengers and assures that the airports, both those in Bucharest and the regional ones, will be prepared for the necessary modifications."Romanian airports are collaborating with the General Inspectorate of the Border Police and Customs to adapt passenger flows, so ...

Tourism: In 2023 Romania exceeded arrivals recorded by travel units classified in 2019

Tuesday, February 13, 2024

The Romanian tourists' interest in holidays in Romania grew in January 2024. The booking volume through the “Early Booking” program was 30% higher than in the same period of 2023, according to a tour operator. “This increase preservesthe 2023 evolution, when the number of tourists was, on the average, 11% higher than in 2022, arrivals recorded by tourist resorts in Romania amounting to 13,647 throusand people, ...

Seaside tourism recorded over 23% booking increase in January 2024

Tuesday, February 13, 2024

Seaside tourism recorded a booking increase of over 23% in January 2024 against January 2023, while the total value of bookings exceeded by 32% figures recorded in the same period of 2023, according to data centralized by a touroperator in this holiday segment.   “Generally, January indicates the trend for the ongoing year, while figures obtained in the first month of this year take us to an ...

Ministry of Economy starts national selection for Best Tourism Villages 2024

Tuesday, February 13, 2024

  The Ministry of Economy, Entrepreneurship and Tourism (MEAT) starts the national selection of localities that aspire to the title of Best Tourism Villages, with Romania to send to the World Tourism Organization (WTO) no more than 8 proposals for destinations tourism, which will compete with other destinations from around the world, the ministry announced on Friday."The initiative is a precursor to the fourth edition of the World Tourism ...

Cars: Consumers cooling on EVs due to charging, price concerns

Tuesday, February 13, 2024

By Bogdan Maioreanu, eToro analyst and markets commentator     The slowdown in the battery-powered EV adoption is starting to be acknowledged by the traditional automotive companies and investors alike as consumers complain of high prices and insufficient charging stations. After Tesla shares dropped over 20% in the last month over profitability concerns, we are ...

Tourism : Arrivals registered in tourist accommodation facilities up by 10.5 pct in 2023

Tuesday, February 6, 2024

Arrivals registered in tourist accommodation facilities last year totalled 13.65 million people, up 10.5% compared to 2022, 84.6% of which were arrivals of Romanian tourists, according to data published Monday by the National Institute of Statistics.Overnight stays registered in tourist accommodation facilities, including apartments and rooms for rent, in the same period totalled 29.17 million, up 9.8% as compared to the previous year. The number of overnight stays of ...

MATCA Transylvanian Sanctuary, a new hotel project in Bucegi Natural Park

Tuesday, February 6, 2024

MATCA Transylvanian Sanctuary, an exclusive tourism and hospitality project, opens its doors to offer a unique experience of accommodation and relaxation amidst the untamed nature of the Bucegi Natural Park. Located in the town of Simon, in Brasov County, near the Bran Castle, the new property functions as an independent boutique hotel, which welcomes its guests in 2 traditional Transylvanian houses, with 16 guest rooms and 2 private villas overlooking the Piatra Craiului Mountains and ...

Travelminit.Ro expands throughout Central and Eastern Europe

Tuesday, February 6, 2024

  Travelminit.ro expanded throughout Central and Eastern Europe, introducing for the first time the option to book accommodation in six countries from Central and Eastern Europe: Hungary, Croatia, Austria, Czech Republic, Poland and Slovakia.   At the same time, on January 17, the online hotel platform Travelminit.ro launched a new interface for its customers. The new platform is the result of a two-year ...

Infrastructure: 16 Alstom Traxx electric locomotives to be delivered to Romania by 2026

Tuesday, February 6, 2024

 Under a RON 767.51 ml worth of contract (VAT exclusive), which also provides for 20-year maintenance, Alstom Transportation Germany will deliver Romania by 2026 16 new electric locomotives capable of speeds of up to 200 km/h.The 16 new 4-axle electric ERTMS-equipped locomotives are capable of traveling at maximum speeds between 160 km/h - 200 km/h and pull up to 16 passenger carriages, and are intended for rail passenger transport. The introduction of electric ...

Value of contracts signed for the purchase of new Polish trains is 9.9 billion lei

Tuesday, February 6, 2024

The value of the contracts signed so far at the Ministry of Transport and Infrastructure for the purchase of new Polish trains is 9.9 billion lei, which means 119 electric trainsets, to which 16 electric locomotives are added, relevant minister Sorin Grindeanu said on last Tuesday."The value of the contracts signed for the purchase of new trains at the Ministry of Transport today is 9.9 billion lei, meaning 119 electric trainsets plus 16 electric locomotives. This also ...

Agriculture: Over 90% of all farms in Romania are family businesses

Tuesday, February 6, 2024

Approximately 730,000 farms in Romania are family businesses, representing more than 90% of the total of over 800,000 farms, Nicu Vasile, the president of the League of Associations of Agricultural Producers in Romania (LAPAR) said on Tuesday."Since I came within these professional associations, I mean the LAPAR federation, I have seen many failures. Many addresses regarding the closure of family farms. (...) When I discuss an entity, a commercial company, I must refer to ...

Trade: E-commerce in Romania represents 14pct of total retail trade

Tuesday, February 6, 2024

   One in two Romanians did online shopping in 2023, with the share of this type of shopping in the total value of retail trade in Romania being 14%, according to Statista data cited in a report by an e-commerce platform.At the end of 2023, the number of Romanians who did online shopping reached 10.2 million, with prices remaining the most important criterion in choosing an online retailer (45%), followed by special offers (36%), policy of delivery (34%) ...

E-commerce has become a habit for Romanian shoppers

Tuesday, February 6, 2024

In anticipation to the upcoming re:FOCUS on Retail, Couriers & Logistics 2024, Business Review sat down for an exclusive interview with Raluca Radu, CEO of ANSWEAR.ro, who will also be a speaker in the conference scheduled for February 13.   How did ecommerce evolve in 2023 and what are your ...

Cars: Number of new cars registered in Romania, up by 4.15% in January

Tuesday, February 6, 2024

The volume of new cars registered in Romania in January 2024 increased by 4.15% compared to the same month of 2023, up to 12,733 units, according to data centralized by the Directorate for Driving Licenses and Vehicle Registration (DRPCIV) and cited by the Romanian Automobile Manufacturers Association (ACAROM).The ranking of new car brands is led, in the first month of this year, by Dacia - with 3,948 units, followed by Toyota - with 998 units, Skoda (893), Hyundai (853), ...

New car registrations up 6.4 pct YoY in Q4 2023

Tuesday, February 6, 2024

Romania's new passenger vehicle registrations were 6.7 percent up in Q4 2023 from the same period of 2022 to 35,923 units, the National Institute of Statistics said, citing data with the Directorate for Driving Licenses and Vehicle Registration.In a YoY comparison, new moped and motorcycle registrations advanced 16.1 percent, passenger car registrations went up 6.4 percent, while bus and minibus registrations gained 6 percent.As far as new registrations of ...

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