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Telecom. IT: Overall IT industry business figure exceeded 15.5 billion euros in 2023, on the rise by 12.16%
Tuesday, November 5, 2024
The total business figure of the IT industry exceeded 15.5 billion euros in 2023, on the rise by 12.26% compared to 2022, according to a study launched on Wednesday by the Patron Association of Software Industry and Services (ANIS), made with the support of a research group from the Academy of Economic Studies, Bucharest. According to an ANIS press release, this performance points out the resilience of ...
Tourism: Dynamics of consumer goods distribuition in hospitality industry
Tuesday, November 5, 2024
Results of latest KeysFin analysis Dynamics of consumer goods distribuition in hospitality industry: The business figure of consumer goods distributors in hospitality industry in Romania went up by 16.6% against 2022 and was 86% over the 2018 level, at the record level of 30 billion lei in 2023. Interbrands ...
Trade : Chicken meat is at the top of Romanians' preferences; consumption and production, increasing in recent years
Tuesday, October 29, 2024
In recent years, chicken meat has been at the top of Romanians' preferences, with statistical data confirming this, considering the increase in production to a level of 723,000 tonness in 2023, and the average consumption of 28.2 kilograms/inhabitant/year."From the point of view of the food model, it is clear that the Romanian consumer's preference is pork. In second place is poultry, in third place is beef and in fourth place is sheep. If we ...
Romanians order over 130 servings of pasta per hour, highest in South-Eastern Europe
Tuesday, October 29, 2024
Romania is ranking first in Southeast Europe in pasta consumption, with an average of over 130 servings ordered every hour, according to an analysis carried out by a delivery platform for October 25, World Pasta Day."Every year, on October 25, World Pasta Day is celebrated, an opportune moment to analyse the top preferences of Romanians in terms of quick and tasty meals. Data with Glovo reflect that in Romania, on average, over 3,000 ...
Large Trade Networks Association rejects any foodstuff capping
Tuesday, October 29, 2024
The Large Trade Networks Association of Romania (AMRCR) rejects any capping measures for foodstuff, as such interventions negatively affect markets in the whole food chain and will set up major imbalances on the lng run, association representatives say. AMRCR communicated its stand towards the recent statements of the minister of agriculture about a possible capping of markup for all products processed in ...
Telecom. IT: Internet connections increase 2.4% in 2023
Tuesday, October 29, 2024
The number of Internet connections increased 2.4% in 2023 compared to the previous year, the number of mobile phone connections advanced 0.4%, while the number of fixed telephone connections decreased 9.1%, according to data centralised by the National Institute of Statistics (INS).According to the (INS), last year, voice traffic (telephone calls) in the fixed telephone network fell both in total, 14.3%, and in each traffic component. The most ...
Medical sector, third in top of fields most visited by cyber attacks
Tuesday, October 29, 2024
The medical sector ranks third in the top of fields most visited by cyber attacks, after research and military fields, with potential serious effects like pacient data theft, interrupting essential medical services and major financial losses, according to an analysis made by High-Tech Systems & Software (htss). The study on digital transformation, ordered by ...
Real Estate: Romanian construction market reaches historic peak
Tuesday, October 29, 2024
The construction sector in Romania reached record levels in 2023 and 2024, supported by strong private demand for certain real estate segments and a significant increase in public investments, from major infrastructure projects to hospitals, financed through national and European funds, shows a specialized analysis, published on Wednesday.In the medium run, future changes to the tax regime for construction workers, together with the wider fiscal ...
Report: Office space fit-out costs have increased by 10-15% in the last year in Romania
Tuesday, October 29, 2024
Average costs for office space fit-outs in Romania are 10-15% higher than the previous year, primarily due to increased labor costs, according to a report by iO Partners. Despite this, Romania remains one of the most affordable countries in the EU for office fit-outs, with costs significantly lower than in Poland, the Czech Republic, or Western countries. The report, based on data from over 40 iO Partners projects, reflects recent market trends and the ...
Tourism : Aro Palace Signs Franchise Agreement for Romania’s First Hyatt Hotel
Tuesday, October 29, 2024
Aro Palace SA announces the official signing of the franchise agreement with a Hyatt affiliate, marking the introduction of the “Hyatt Regency Aro Palace Brasov” to Romania. This significant development follows the Letter of Intent signed in February and solidifies the property’s place within the esteemed Hyatt portfolio. The ...
Number of tourist accommodation structures increases 6.6% in July 2024
Tuesday, October 29, 2024
The number of tourist accommodation structures increased 6.6% in July 2024, compared to the same period last year, to 13,538 structures, while the number of accommodation places grew 3.8%, to 449,928, according to data the National Institute of Statistics (INS) published on Thursday.As of July 31, 2024, the most popular tourist accommodation structures were: apartments and rooms for rent - 4,411 (up 22.8% from the end of July 2023), with 76,878 ...
Infrastructure : Aeroitalia temporarily suspends flights to Romania – focus on the Italian domestic market
Tuesday, October 29, 2024
As part of a growth strategy, Italian airline Aeroitalia has announced that it will temporarily suspend its connections to Romania from November 2024, https://aviation.direct/ informs. This measure comes after an expansion in the Italian ...
HiSky airline launches Oradea - Milan service starting from December 17
Tuesday, October 29, 2024
Budget airline HiSky announced on Thursday the opening of a new route linking Oradea Airport to Milan (Bergamo), starting from December 17, after launching service to another two destinations this October: Oradea - London (Stansted), and Oradea - Bucharest."We are pleased to announce the launch of the new direct route to Milan, a destination of major interest both for passengers from Bihor County and its surroundings, as well as for the Romanian ...
Agriculture: EU approves EUR 400 million Romanian state-aid scheme for farmers affected by severe drought
Tuesday, October 29, 2024
The European Commission on Thursday approved, an EUR 400 million (RON 2 billion) Romanian scheme to compensate farmers for damages suffered due to the severe drought in the period between September 2023 and August 2024, according to a press statement released by the commission on Thursday.The scheme is open to agricultural producers of 39 selected crops (such as wheat, triticale, rye, barley, oats, rapeseed, peas, sunflower and maize) that were ...
Tourism : Sipot Villa, part of Peles Royal Domain, re-enters cultural and tourist circuit of Romania
Tuesday, October 22, 2024
The Sipot Villa, part of the Royal Peles Estate in Sinaia, officially re-enters the cultural and tourist circuit of Romania with the opening of the Peles Architects Gallery, announced the Association for the Royal Peles Heritage.According to the information posted on the association's Facebook page, the Sipot Villa, also known as the "House of the Architects" and as the place where the Peles Castle project was born, has undergone renovations and ...
Survey:Staff shortage - next year's biggest challenge for hospitality businesses
Tuesday, October 22, 2024
Staff shortage is the biggest challenge for the hospitality businesses next year, followed by legislative changes and government regulations, as well as economic instability, a survey conducted by the Hospitality Culture Institute found."The lack of staff stands out as next year's biggest challenge for the hospitality businesses (37.2%), followed by legislative changes and government regulations (27.8%), and economic instability (22.8%). Also, 32.8% of the ...
Infrastructure : TAROM domestic flight offer from 23 euros per segment
Tuesday, October 22, 2024
TAROM Romanian national airline company is putting on sale tickets at fares starting from 23 euros for one-way flights on all domestic routes in the period October 21-23, the airline announced in a press release sent on Monday.The offer is valid for TAROM operated flights starting November 18."So, the week can start with a good choice by shortening the distance and traveling in Romania from 23 euros for a one-way flight (from domestic destinations to ...
Gov't approves creation of strategic rail freight company Carpatica Feroviar
Tuesday, October 22, 2024
The government approved at its meeting on Wednesday the establishment of rail freight company Carpatica Feroviar SA, which will ensure the strategic transports of the Romanian state, "performing two types of activities - of strategic interest, falling under the need for prioritized mobility following the partnerships struck under international obligations, and freight transport in crisis situations and for commercial interest. Carpatica Feroviar is a rail ...
PM Ciolacu: We are buying 58 new electric trains, an investment of 3.3 billion lei of European money
Tuesday, October 22, 2024
The Government will approve a major investment project to interconnect large urban centres by rail transport, with 58 electric trains to be purchased, Prime Minister Marcel Ciolacu announced on last Wednesday."We are approving a major investment project that connects large urban centres through modern rail transport. We are buying 58 new electric trains, an investment of 3.3 billion lei of European money," said the Ciolacu at the beginning of ...
Trade: Employers call capping markups on all products processed in Romania unjustified, harmful
Tuesday, October 22, 2024
A possible extension of the cap on the markups on all products is an unjustified and extremely damaging measure, and there is no viable argument to substantiate it, according to Romalimenta federation of food employers' associations."As we have repeatedly shown, the state stepping in the market is, sometimes, a necessary evil, provided that it has an exceptional character and limited in time and scope, which is not the case now: what was intended for three ...