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Economic

C&W Echinox sees good signs for the office market

Tuesday, May 11, 2021

Real estate consultancy firm Cushman & Wakefield Echinox believes that the first signs of a come-back for the office market were already visible in the first quarter of this year (Q1), implying that the worst is over for this segment of the real estate market.   "We consider that the first three months of this current year have brought positive signs," said Madalina Cojocaru, Partner, Office Agency, Cushman & ...

Telecom. IT: Study: 99% of Romanians can benefit from 5G coverage by 2025

Tuesday, May 11, 2021

Almost 99% of Romania's population can have low bandwidth 5G coverage until 2025, while medium bandwidth 5G coverage will be available only for 55% of the population by the same deadline, shows a study conducted by the consulting and research company Analysys Mason for Ericsson.   The economic benefits of 5G technology are huge, but the investments are crucial, the study ...

Trade: e-commerce sector expands 30 pct in 2020, expected to grow by 20 - 30 pct this year

Tuesday, May 11, 2021

Romania's e-commerce sector experienced a 30 percent growth in 2020 compared to 2019, and is expected to increase between 20 and 30 percent this year, shows a market survey by integrated commerce solutions company VTEX.According to the cited survey, by comparison, there was a setback in traditional retail sales and offline retailers have realized that moving online has become a necessity for a functional modern trade.Thus, concepts such as ...

Study: 4 out of 10 Romanians usually consume still mineral bottled water most often

Tuesday, May 11, 2021

4 out of 10 Romanians (40.8%) usually consume still mineral bottled water most often while 17.5% consume carbonated mineral bottled water.   51% of Romanians believe that tap water is not completely safe and that it can cause health problems if consumed unfiltered. For 42% of ...

Agriculture: Positive estimates for 2021 wheat crop and very high prices

Tuesday, May 11, 2021

This year's wheat crop seems to be a “very good” one, with very high prices for the new yield, says Aurel Popescu, the president of ROMPAN. “The wheat, rape and barley crops look very good. If there will be two more rainfalls we will have a very good crop for wheat, rape and barley. However, prices for the new yield will be very high. That means good news for farmers as there were serious losses in 2020 because of the drought,” Popescu ...

Insurers would accept better conditions for farmers if all insured

Tuesday, May 11, 2021

Insurers would agree with more acceptable conditions for farmers if the latters would all be ensured, because, if there are a few, companies are hesitant or impose conditions which cannot always be accepted, the Minister of Agriculture Adrian Oros declared on Tuesday evening, for private TV broadcaster B1TV."Insurers would accept more acceptable conditions for farmers if all farmers would be insured. Then we would ask for all risk types to be insured, so ...

Tourism : Arrivals in tourist accommodation units up by 78.1 pct in March

Tuesday, May 11, 2021

- Compared to the corresponding month of the previous year, the arrivals in the establishments of tourists’ reception with functions of tourists’ accommodation increased by 78.1%, while the overnight stays increased by 61.6% in March 2021. - Compared to March 2020, in March 2021 customs registered a decrease in the arrivals of foreign visitors of 22.4% and a decrease of 15.4% in the departures abroad of the Romanian ...

Cars: Ecological car sales went up în Romania by 65% in Q1

Tuesday, May 4, 2021

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About 2,500 new electric and hybrid cars were sold in Romania in the first three months of the ongoing year, on the rise by 65% compared to the same period of 2020, according to APIA data.   The market analysis shows that the share of new electric and full hybrid cars in the local automobile market reached 12.2% over January-March 2021, from 5.5% in the first quarter of ...

Real estate: Analysis: Rising prices of apartments sold in Europe in 2020; Romania had 5% plus

Tuesday, May 4, 2021

Prices of apartments for sale in Europe grew in 2020, the highest increase being recorded in Russia (+16%), while in Romania it was only 5%, according to an analysis made by an online website.   Data centralized by Olx Group show that renting prices for apartments in Europe recorded the most important drops in Portugal and Bulgaria (-11%), followed by Poland (-5%) and Romania (-3%). Rents for the same ...

Additional 8.6m sqm of warehouse space needed in Europe. Romania meets the gap

Tuesday, May 4, 2021

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According to a recent report from Savills, an additional 8.6m sq m of warehouse space is required by parcel companies in Europe between 2021 and 2025 to keep up with growing e-commerce demand.   Data analysed by the international real estate advisor shows that, based on a report from Effigy Consulting, a total of 12.3 billion parcels were delivered in Europe during 2019. Applying data from OFCOM’s parcel delivery, ...

Telecom. IT: Orange and Polytechnic Campus Research Institute open first 5G lab in Romania

Tuesday, May 4, 2021

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Orange, in partnership with Polytechnic Campus Research Institute in Bucharest opened the first 5G lab in Romania, a hub in which the academic environment, startups and companies can test solutions based on 5G technology. Orange Group announced in February the opening of nine Orange 5G labs in European regions where the group is present, of which one in Romania, where companies and researchers can test 5G ...

Romania should consult better regarding 5G

Tuesday, May 4, 2021

byDr Detlef Eckert, Deep Digital Consulting, Belgium   The good news: 5G is on. The less good news: Roll-out in Europe is slow. The reality: Europe remains ...

Agriculture: Dairy producers: market reached 1.5 billion euros in 2020, on the rise by 15% against 2019

Tuesday, May 4, 2021

The dairy market reached 1.5 billion euros in 2020, 15% more than in 2019, and a volume of 631,000 tones, on the rise by 11% against 2019, representatives of Lactalis Romania and Artesana told News.ro. They added that in 2020, local consumption increased following traveling restrictions and the return of Romanians from abroad.   Daniel Donici, the co-founder of Artesana dairy producer, told News.ro that ...

AgriMin: Sustainable insurance system, solution for crops affected by unfavorable weather

Tuesday, May 4, 2021

The Minister of Agriculture and Rural Development, Adrian Oros, declared, on Friday, in Zlatna that the only realistic long-term measures for all farmers the crops of which are affected by unfavorable weather, be it drought or freezing, are a sustainable system of insurance and mutual funds.Present in the inauguration of agrifood hall, Adrian Oros was asked by a journalist if the Ministry he is leading intends to approve short-term support measures for farmers ...

Trade: Analysis: Food retail in Romania could exceed 140 billion RON in 2021

Tuesday, May 4, 2021

The turnover in food retail is estimated at around 130 billion RON in 2020, after, in 2019, this sector recorded incomes worth 118 billion RON, according to the most recent KeysFin analysis."The increase is due to the stockpiles made by the population at the beginning of the pandemic, as well as the ascending trend of online sales in food retail, over the average of the e-commerce market increase, situated at around 30 pct in 2020," the release ...

Tourism: The HoReCa industry needs long term relaunching measures

Tuesday, May 4, 2021

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Uncertainty continues to dominate the HoReCa industry after more than one year since the beginning of Covid-19 and for a long term it is necessary  to have relaunching measures for this sector which could be an engine of the economy in the years to follow, shows a material made by Camelia Malahov, manager Direct Taxes and Anca Preda, senior consultant Direct Taxes, Deloitte RomaniaAccording to the consultants, the sector of hospitality (HoReCa)is an important ...

Eturia launches TravelHubX, reservations platform dedicated to travel agencies

Tuesday, May 4, 2021

  Eturia announces the expansion of its portfolio with TravelHubX, a reservations platform dedicated to travel agencies, shows a release sent, on last Wednesday.The services of the platform TravelHubX is geared towards intermediating travel agencies that want to find in one place the top travel offers of organizing agencies as well as of hoteliers.The holiday and travel packages found on the platform will fulfill all the conditions ...

Infrastructure: British Airways launches new route from Heathrow to Cluj-Napoca

Tuesday, May 4, 2021

British Airways announced that it would operate four new short-haul routes to Cluj-Napoca in Romania, Wroclaw, and Gdansk in Poland, and Riga in Latvia this summer.   The airline will fly from Cluj-Napoca to Heathrow three times a week, on Wednesdays, Fridays, and Sundays, beginning July 2. Return fares for this route start from GBP 95, and customers can already book tickets ...

Agriculture: Farmers propose to authorities implementation of a National Strategic Potato Plan to save sector

Tuesday, April 27, 2021

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The Romanian Farmers Club and the Romanian National Potato Federation propose to the authorities the implementation of a National Strategic Potato Plan, to save an economic sector in great difficulty and harmonise the trade balance, which now registers a deficit of 60 pct, the representatives of the two organizations say.The main limiting factors in potato cultivation in Romania are excessive division of the land, often low technical level, small size of ...

Real Estate: Residential market expected to drive Romania’s FDI growth in coming years

Tuesday, April 27, 2021

The residential sector in Romania performed above expectations in terms of total sales in 2020, with an increase of 19 percent compared to 2019, according to data from the National Cadastre Agency. The result was better than even the most optimistic estimations, considering the fact that 2020 had two months of total lockdown.   Eurostat statistics show that 45.8 percent of the Romanian population lives in overcrowded homes. ...

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