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The e-commerce sales boom is slowing down

Tuesday, August 30, 2022

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The first semester of 2022 saw limited deliveries of new modern retail schemes, with only two projects being added totaling some 27,000 square meters, according to Colliers mid-year market report. Looking at the consumption structure, Colliers consultants note that clothing and footwear sales accelerated in the first half of 2022, with spending on various electrical and white goods also doing decently.   On the other end of the spectrum, the wider category of goods for ...

Agriculture: Cereals, processed cereal-based products' exports exceeded two billion euros in first 5 months of 2022

Tuesday, August 30, 2022

Romania exported cereals and processed cereal-based products in the amount of 2.155 billion euros, during the first five months of this year, which is 77.2% more when compared to the similar period in 2021, according to the centralized data from the National Institute of Statistics (INS).The largest exports were recorded in March and amounted to 422.4 million RON.On the other hand, during the period of January-May 2022, Romania imported cereal and processed ...

EC cuts the corn production forecast due to low harvests in Romania, France, Bulgaria and Hungary

Tuesday, August 30, 2022

The European Commission reduced by 10% the estimates for this year’s corn harvest in the EU bloc, the second consecutive decrease, due to the severe drought. The reduction in the forecast comes because of lower expectations regarding the harvests in Romania, France, Bulgaria and Hungary, the EC informs, quoted by Reuters.   The production of usable corn in the EU, in the 2022/23 season, will be 59.3 million tons, down from a level of 65.6 million tons predicted ...

Healthcare: Romania might have to destroy 8 mln COVID vaccine doses that nobody wants

Tuesday, August 30, 2022

Romania has 8 million COVID-19 vaccine doses that it might have to destroy once they expire as neither the population nor other countries are interested in them, health minister Alexandru Rafila said. And according to him, this would translate into additional costs for the country.   "We have more than 8 million vaccine doses in warehouses for which there is no longer any interest. And I'm not just referring to the interest of the population, I'm referring to ...

Leksell Gamma Knife Stereotactic Radiosurgery laboratory, inaugurated at Iasi Neurosurgery Hospital

Tuesday, August 30, 2022

The Leksell Gamma Knife Stereotactic Radiosurgery Laboratory, within the Hospital of Neurosurgery in Iasi, a treatment through which brain surgeries can be performed without a scalpel, was officially inaugurated on Thursday, in the presence of Swedish ambassador to Romania Therese Hyden and Health Minister Alexandru Rafila.The ambassador said that although cancer is a common disease in humans, this serious disease can be treated with the help of technology.According ...

Infrastructure : The biggest contract for railways in PNRR: EUR 1.77 Bln for the Caransebes-Timisoara-Arad route

Tuesday, August 30, 2022

The most important financing contract for the railway sector within the National Recovery and Resilience Program (PNRR), in the amount of 8.77 billion lei (EUR 1.77 bln), was signed and involves the modernization of the Caransebes – Timisoara – Arad railway line, over a total length of 162 km.   The financing contract was signed by the Minister of Transport, Sorin Grindeanu, and the general director of the National Railway Company CFR SA, ...

Work on the first part of 21 km of the Ploiesti-Buzau highway have started

Tuesday, August 30, 2022

The minister of transport Sorin Grindeanu announced that another important step for the construction of the Moldova Highway (A7) and the fact that CNAIR gave to the Association Impresa Pizzarotti & C.S,p.A – Pizzarotti S.A. – Retter Project Management the location of lot 1 (Dumbrava – Mizil) of the Highway  Ploiesti – Buzau. He added that works will be finalized through PNRR and have to be finalized in 20 months so that in 2025 circulation be open for ...

Construction of subway line connecting Bucharest to airport to begin in March-April

Tuesday, August 30, 2022

Construction works for the first part of the M6 subway line in Bucharest, which will stretch as far as Baneasa, are to begin in March or April of 2023. Once complete, the line will connect the city to Otopeni Airport.   Bids for the design and execution of the second part of the line, which will reach Otopeni Airport, can be submitted by the beginning of next month. Three companies have already qualified as bidders in the first stage and will participate in the ...

Sibiu International Airport to open six new routes on over 2.2 billion euro state aid

Tuesday, August 30, 2022

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Sibiu International Airport will open six new routes in the next period, with state aid worth over 2.2 million euros, the contribution being over 370,000 euros per route, over a period of three years, according to a decision adopted unanimously by the county councilors on Thursday."The maximum budget of the state aid scheme is EUR 2,234,485.44, and the maximum contribution is EUR 372,414.24 per route for a period of three years. The state aid scheme will be valid until December ...

Tourism : Operating tourist accomodation units' capacity up 5.3% on Q2 2022

Tuesday, August 30, 2022

 The capacity of operating tourist accommodation units increased in the second quarter of 2022 by 5.3% compared to the same period of last year, according to data centralized by the National Institute of Statistics.In the total capacity of tourist accommodation in operation, hotels held a share of 59.6%, agri-tourism pensions 15.3%, tourist pensions 10.7%, tourist villas 4.2%, hostels 3.3%, motels 2.7%, tourist chalets 1.7% and other types of tourist accommodation ...

Cars: Electrified automobiles almost double market share January through July

Tuesday, August 30, 2022

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 The market share of new green cars in Romania, in total car sales, reached, in the first seven months of 2022, 20.7%, almost double compared to the same period of last year, when the share was 11.2%, the data of the Association of Car Manufacturers and Importers (APIA) inform.According to the market analysis, the number of electric and full hybrid automobiles sold in Romania between January and July 2022 was 14,485 units, of which 5,560 units (38.1%) are represented ...

Real Estate: Real estate deals worth EUR 1.2 bln under negotiation in Romania

Tuesday, August 30, 2022

Real estate investment transactions estimated at around EUR 1.2 billion are currently in various stages of negotiation in Romania as the appetite for income-generating assets remains high, according to data from the real estate consultancy company Cushman & Wakefield Echinox.   Since the beginning of the year, the total investment volume reached over EUR 600 million, out of which EUR 315 million was the value of deals closed in the first semester. ...

Agriculture: USDA: Romania’s maize exports may drop by 2 mln tonnes this year

Tuesday, August 23, 2022

Maize, the main agri-food commodity exported by Romania, will be exported in much smaller amounts in the 2022/2023 commercial year, according to the projections included in the latest report of the US Department of Agriculture (USDA). The USDA revised the EU's exports downwards by 2 million tonnes, due to the drought in Romania.   EU maize exports could halve this commercial year due to the drought that ...

Cars : New vehicle registrations in Romania advance 12.1pct seven months into 2022

Tuesday, August 23, 2022

As many as 70,028 new motor vehicles were registered in Romania in the first seven months of 2022, up 12.1% y-o-y, according to data with the Association of Automobile Manufacturers and Importers (APIA).After a significant development in the first months, July 2022 witnessed a 18.9% decrease in vehicle registrations on a yearly basis, after five months of growth since the beginning of this year."If we compare it to previous years, the month of ...

H1 turnover of motor vehicle, motorcycle trade up 4.5 pct YoY

Tuesday, August 23, 2022

The turnover in wholesale and retail trade, maintenance and repair of motor vehicles and motorcycles in H1 2022 was 4.5 percent up in unadjusted terms from the same period of 2021, shows data released on last Thursday by the National Institute of Statistics (INS).The advance of the turnover of wholesale and retail trade, and the maintenance and repair of motor vehicles and motorcycles was the result of growth in the trade in motor vehicle parts and ...

Infrastructure: Wizz Air opens Suceava base

Tuesday, August 23, 2022

Wizz Air has opened a new base in Suceava, further expanding its operations in Romania. With the allocation of two modern Airbus A321neo aircraft, Wizz Air now offers 11 routes to 7 countries from Suceava “?tefan cel Mare” International Airport.   The new aircraft will support operations on five new routes to Paris-Beauvais (France), Brussels-Charleroi (Belgium), Venice-Treviso (Italy), ...

Bolos : The transport infrastructure is the most complicated and the most complicated milestone Romania has

Tuesday, August 23, 2022

The ministry of investments and European Projects (MIPE), Marcel Bolos, stated that the transport infrastructure is the most complicated milestone which Romania has in the National Recovery and Resilience Plan (PNRR) .   ‘The transport infrastructure is the most complicated and the most complicated milestone which Romania has and the 429 km are a touchstone for ...

Real estate: CBRE: About 500,000 logistic areas rented in first half of 2022

Tuesday, August 23, 2022

About half a million square meters of logistic areas were rented in Romania in the first semester of the ongoing year, according to a report of real estate consulting company CBRE Romania. The overall stock of industrial and logistic areas in Romania exceeded 6 million sq.m. at the end of the first semester of 2022, when 373,000 sq.m. were added.The overall renting activity in semester 1, 2022 is by 38% higher than in the same period of ...

Bucharest's modern office space stock at 3.3 ml sqm in Q2

Tuesday, August 23, 2022

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Bucharest's modern office space stock reached 3.3 million sqm in Q2 2022, reveals a survey by real estate consulting company Cushman & Wakefield Echinox.The handover of the second, 25,000 sqm phase of the AFI Tech Park project located in the Center-West area has propelled Bucharest's Center-West to the top position among the Capital City's office hubs, with a stock of 579,600 sqm; the Floreasca - Barbu Vacarescu area, which totals 569,700 sqm of office space, ...

Average price increase between 10% and 22% for new apartments in Bucharest

Tuesday, August 23, 2022

The asking prices for new apartments in Bucharest continued their upward trend in the second quarter of this year, compared to the same period last year, as revealed by the joint analysis of Premier Estate Management and Imobiliare.ro. The analysis considers the requested prices for apartments built between 2019-2022 based on 7,831 listings on Imobiliare.ro.   The average increases for the mass-market, medium, medium-high, ...

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