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Eurostat: Volume of retail trade down by 1.0% in the euro area and by 0.6% in the EU compared with January 2023

Tuesday, March 12, 2024

Overview   In January 2024, compared with December 2023, the seasonally adjusted retail trade volume increased by 0.1% în the euro area and by 0.3% in the EU, according to first estimates from Eurostat, the statistical office of the European ...

Turnover in retail trade, up by 6.6% in January 2024

Tuesday, March 12, 2024

The volume of turnover in retail trade (with the exception of trade in motor vehicles and motorcycles), in January 2024, increased, compared to January 2023, both as a gross series by 6.6%, and as a series adjusted according to the number of working days and seasonality by 5.1%, show the data of the National Statistics Institute, published on last Wednesday.The evolution, on a gross basis, from January, was generated by the increases recorded in the sales of ...

Tourism: Italy, Greece or Spain holiday destinations preferred by Romanian women

Tuesday, March 12, 2024

Romanian women who book trips on travel platfoms prefer to spend their holidays in Italy, Greece or Spain, according to an analysis made by a travel website.   According to data centralized by eSky, Italy is preferred by women for at least one day trips abroad, with a share of 40% of bookings in the top. Most Romanian women choose to visit Rome on an average trip of seven days, but for longer sojourn they ...

Mondrian Bucharest Lifestyle Hotel to open in Bucharest

Tuesday, March 12, 2024

Ennismore, the lifestyle and leisure hospitality company, and One United Properties, the green investor and developer of residential, mixed-use, and office real estate in Romania, have signed a partnership for the opening of a Mondrian hotel in Bucharest.   The signing ceremony took place on March 7th at One Tower, in a festive and elegant setting attended by Victor C?pitanu, co-founder and co-CEO of ...

Infrastructure: Carpatica Feroviar set up: We want a fresh start for railway gods transport in Romania

Tuesday, March 12, 2024

Carpatica Feroviar, which will be in operation as of 2025 according to plans, represents a fresh start for railway goods transport in Romania, because a company with a debt over 4 billion lei, as CFR Marfa, cannot develop, said Ionut Cristian Savoiu, secretary of state in the Ministry of Transports and Infrastructure, on Thursday.   “The new company starts with a full state capital. We had talks on ...

Real Estate: COFACE: CHALLENGING TIMES FOR HOMEBUILDERS AND REAL ESTATE COMPANIES

Tuesday, March 5, 2024

Construction and real estate sectors are among the most cyclical sectors. Sensitive to changes in the labour market, prices in commodities and, first and foremost, the interest rate environment and accessibility of credit, they are currently under strain. And things are unlikely to get any better in 2024.   Homebuilders are seeing some fractures   The residential market is facing a double constraint, on both supply and ...

Colliers: Real estate investment market slowed down its activity in 2023, decreasing by more than half

Tuesday, March 5, 2024

The Romanian investment market recorded transactions of around 476 million euros last year, down by more than half over 2022’s cycle high of 1.25 billion euros, according to the 2023 Annual Report released by Colliers.   The market volume was strongly boosted by the sale of Mitiska REIMs 25 retail assets portfolio to a new entry, British fund M Core, for 219 million euro. This soft result is not at all surprising to Colliers’ consultants, who estimated since ...

Healthcare: Survey : “Diet of the year 2023”

Tuesday, March 5, 2024

Obesity is a major public health problem worldwide and according to statistics more than 4 billion people could be overweight or obese in the next 12 years, compared to more than 2.6 billion in 2020.   Healthy and normal weight people can become obese in the most short time if they do not keep their eating habits healthy. Obesity, a harsh reality of the modern lifestyle, has been associated with various health complications, such as type 2 ...

Obesity prevalence in Romania is 36% 

Tuesday, March 5, 2024

   The current prevalence of obesity in Romania is 36%, Health Ministry's cardiology committee head Dragos Vinereanu said on Monday.He had an intervention at the conference "Obesity - a public health problem: information, awareness, medical education," organised at the "Carol Davila" University of Medicine and Pharmacy (UMF).According to the specialist, in 10% of cases it is severe obesity, type II, and morbid obesity represents 3% of the ...

WHO donates medical supplies worth over EUR 400,000 to Romania's emergency management inspectorate

Tuesday, March 5, 2024

Romania's General Emergency Management Inspectorate (IGSU) received on Friday, from the World Health Organization (WHO), medical supplies and equipment worth over EUR 400,000."These are medical supplies worth in excess of EUR 400.000, medical equipment that can be distributed at any time where it is needed, where there is pressure, including emergency supplies and equipment to transport newborns as well as other protective supplies and supplies that are needed particularly ...

Tourism : Tourist accommodation arrivals down 2 pct in the first month of this year

Tuesday, March 5, 2024

Arrivals registered in tourist accommodation facilities in January 2024, including apartments and rooms for rent, totalled 768,700 people, down 2% compared to January 2023, according to data published Monday by the National Institute of Statistics (INS).Out of the total number of arrivals, in January 2024, arrivals of Romanian tourists accounted for 84.4% and those of foreign tourists for 15.6%.As for overnight stays registered in tourist accommodation ...

Cushman & Wakefield : Bucharest Hotel Market Continues Post-Pandemic Recovery

Tuesday, March 5, 2024

While the average hotel occupancy level across the CEE-6 capitals – including Bucharest, Bratislava, Budapest, Prague, Sofia, and Warsaw – in 2023 lagged 2019 by 9%, the ADR surpassed it by 23%, resulting in a 12% RevPAR growth, according to data from the real estate consulting company Cushman & Wakefield.   The strongest increase was recorded in Warsaw and Budapest. Moreover, despite the lingering impact of the pandemic, the hotel ...

Trade: PayU GPO Romania: With 16% yearly growth, the local e-Commerce market can become the second in CEE

Tuesday, March 5, 2024

PayU GPO Romania, the leader of the local online payment market, estimates that the value of the e-Commerce market (products and services ordered online) will be around 11.5 billion euros in 2024. The estimated growth for 2024 both from its own calculations, as well as from the data reported by McKinsey and Statista, stands at ~16% compared to the recently ended year, with an advance of about 30% in the services ...

Infrastructure: Six bids for building four bridges over Prut River

Tuesday, March 5, 2024

Six bids were submitted on Monday for the design of four new bridges across the Prut, contracts worth a total of 1.61 million lei, excluding VAT, announced director general of the National Road Infrastructure Management Company (CNAIR) Cristian Pistol on his Facebook page.The four bridges are: Stanca (Romania) - Costesti (Republic of Moldova), Bumbata (Romania) - Leova (Republic of Moldova), Falciu (Romania) - Leca (Republic of Moldova), Raducaneni (Romania) - Barboieni ...

TAROM airline offers discounted tickets to Cairo and Beirut

Tuesday, March 5, 2024

TAROM Romanian national airline company opens the spring season with a new campaign, "Unforgettable holidays in exotic destinations!," offering discounted tickets to two destinations charged with history, Cairo and Beirut, for flights scheduled in August, the company said in a press release."In line with the martisor atmosphere, TAROM is offering a new travel opportunity to two destinations where the sun never seems to set, full of charm and colour. For travellers who have ...

New Wizz Air routes from Bucharest and Brasov to Budapest, plus Salzburg-, Leipzig-bound service

Tuesday, March 5, 2024

Ultra-low-cost carrier Wizz Air is launching two new routes to Budapest, one from Bucharest, the other from Brasov, the company said in a statement on Wednesday.Starting June 17, the carrier will operate daily flights from Bucharest to Budapest, ensuring uninterrupted passenger connectivity between the Romanian and the Hungarian capital cities for fares starting from RON 129. Also, as of June 18, Wizz Air will be offering flights from Brasov to Budapest three times a week, ...

Agriculture: Agricultural prices down 13.36% in December 2023

Tuesday, March 5, 2024

Prices of agricultural products fell in the last month of 2023 by 13.36% compared to December 2022, according to data published by the National Institute of Statistics (INS).   This price development was mainly due to crop products, whose prices contributed minus 14.23 percentage points to the overall change in agricultural product prices.   Animal products, on the other hand, contributed only 0.87 percentage points to ...

As many as 27,000 hectares set to be afforested on recovery, resilience funds in Romania

Tuesday, March 5, 2024

Senate Chairman Nicolae Ciuca said on Tuesday that the National Recovery and Resilience Plan (PNRR) offers Romania the chance to implement the largest national afforestation programme, with a target of 27,000 hectares."We are at a time when we have to demand more from ourselves and from Romanians in terms of the environment. The National Recovery and Resilience Plan is the instrument by which Romania has to succeed in a true green offensive. Expansion of clean transport, ...

Real Estate: Over 60% of modern retail space in Romania, concentrated in first 10 big cities 

Tuesday, February 27, 2024

More than 60% of the total modern retail space in Romania is concentrated in the first 10 big cities, with more than 200,000 inhabitants, according to a report by the real estate consulting firm Colliers.Currently, Romania has a total modern retail stock of over 4.3 million square meters, of which more than 2.7 million square meters are malls, and the rest mainly retail parks."Starting with the first half of last year, real wage growth, i.e. the ...

Trade: Average value of online orders grew slightly, to 237 lei last year

Tuesday, February 27, 2024

The average value of an online order grew slightly last year o 237 lei, compared to 230.8 lei in 2022, the highest order volumes being recorded by house and kitchen, electronics, gardening and outdoor categories, according to data centralized by eCommerce.   According to a press release, SaaS automatic management and centralization of eCommerce activities platform, easySales, annunced that it registered ...

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