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Real Estate: Number of residential building permits down 0.5 pct over Jan – May
Tuesday, July 9, 2024
The number of residential building permits issued in Romania in the first five months of the year was 0.5 percent down from the year-ago period, shows data released on Friday by the National Institute of Statistics (INS).As many as 14,050 residential building permits were released between January 1 - May 31, 2024, with lower numbers of such authorizations recorded in the following development regions: Center (-237 permits), North-West (-122) and ...
Telecom. IT: Report: About 5.6 billion 5G subscriptions will be active until 2029 at world level
Tuesday, July 9, 2024
5G subscriptions worldwide will reach 5.6 billions until the end of 2029 and data traffic will grow by 20%, according to estimates released by the latest edition of Ericsson Mobility. The document released on Wednesday shows that the number of communication suppliers offering 5G services has grown by 50%, 40% of the total number of communications service suppliers offering Fixed Wirelesss Access, the ...
Agriculture: Hot weather extends drought for wheat and corn
Tuesday, July 9, 2024
The moderate and high drought for autumn wheat and corn is growing, acording to forecasts issued by the National Weather Administration for July 2024. For autumn wheat cultures, the humidity content for 0-10 cm soil profiles will be low (moderate pedological drought) and very low ( extreme soil dorught) in Maramures, Crisana, Oltenia, Muntenia and Dobrogea , on extensive areas in Moldova, Transylvania ...
Agroland Business System enters organic segment and operationalizes largest BIO feed factory in Romania
Tuesday, July 9, 2024
Agroland Business System, the Romanian entrepreneurial retail, agriculture, and food group that owns the largest network of agricultural stores in Romania, is entering the organic segment by transforming its Caransebes feed factory to become the largest certified organic feed factory in Romania. The certification of the feed factory is part of Agroland’s strategy to focus on organic products. “From ...
Tourism : Tourist arrivals, overnight stays in Romania, up five months into 2024
Tuesday, July 9, 2024
Arrivals in tourist accommodation establishments in Romania, including apartments and rooms for rent, increased by 2.5% in the first five months of 2024, y-o-y, while overnight stays jumped by 2.2%, according to data published on Friday by the National Institute of Statistics (INS).In the total reported arrivals, Romanian tourists had a share of 81.6%, while foreign visitors accounted for 18.4%.Also, between January 1 and May 31, 2024, ...
Infrastructure: TAROM signs leasing contract for two Boeing aicraft
Tuesday, July 9, 2024
TAROM has signed a leasing contract for the purchase of two Boeing 737 MAX 8 aircraft with CDB Aviation, the Irish subsidiary of CDB Financial Leasing Co, Ltd, the company announced on Wednesday.According to a company release sent to AGERPRES, the two aircraft are part of the modernisation process of the TAROM fleet and will be delivered between December 2025 and January 2026.The new Boeing 737 MAX 8 aircraft will have a capacity of 189 seats and ...
Cars: New car registrations up 12pct in H1
Tuesday, July 2, 2024
New car registrations in Romania increased 12.03% in the first six months of this year compared to the same period in 2023, to 82,505 units, according to data from the General Directorate of Driving Licenses and Registrations, quoted by the Romanian Automobile Manufacturers Association (ACAROM).As of June 2024, the number of new car registrations increased 62.13% compared to the same period of the previous year, to 21,358 units.Between January and June this ...
Healthcare: Innovative program aimed at developing skills of defence, public safety and national security personnel
Tuesday, July 2, 2024
The Cluj Napoca-based RoNeuro Institute - Neurological Diseases Research and Diagnosis Center has partnered with Integrated Training Center International (ITCI) to develop an innovative program for training the human body's integrated intelligence so as to enhance the skills of defence, public safety and national security personnel, the Society for the Study of Neuroprotection and Neuroplasticity announced on Thursday."The RoNeuro Institute - Neurological Diseases Research ...
Real Estate: Romanians and foreigners want to buy luxury apartments or villas, especially in Brasov or the Capital
Tuesday, July 2, 2024
The real estate market in Romania is constantly developing, which directly influences the increase in demand for interior design, higher by 20% in the first half of 2024 compared to the same period in 2023, according to data from MiSo Architects. Thus, more and more Romanians both from the country and those from the diaspora, but also expats and foreigners from Europe, the Middle East and the USA aim to purchase apartments, houses or villas, especially luxury properties, ...
The profile of the residential customer in the North of the Capital
Tuesday, July 2, 2024
An analysis conducted by North Bucharest Investments shows that 3-4 room apartments and houses are sought by 70% of those who want to live in the northern part of Bucharest and 85% of those who choose an investment that will generate generous rental or resale income, opt for 2 rooms and studio apartments. In the northern part of Bucharest, 70% of customers are looking for 3 and 4-bedroom apartments or houses with one ...
Romania hits 7.1 ml sqm of modern industrial and logistics space in 2023
Tuesday, July 2, 2024
Romania's total stock of modern industrial and logistics space stood at 7.1 million sqm as of the end of 2023, representing the third largest specific market in 13 of the largest Central and Eastern European economies, shows the report ExCEEding Borders | Navigating the Industrial Landscape and Workforce in CEE-13 released by real estate consulting company Colliers.Also, developers have over 500,000 square meters of modern spaces under construction.In addition ...
New Luxury Destination in Bucharest – H Stirbei Palace
Tuesday, July 2, 2024
The luxury goods market in Romania is estimated to generate EUR 535.82 million in revenue in 2024, with a significant contribution from online sales (13.8%). Demand for luxury goods is growing, fueled by a population with a rising standard of living. In this context, CBRE Romania announces its exclusive involvement in the leasing strategy of H Stirbei Palace, an emblematic historical monument located in the heart of Bucharest and one of the most anticipated ...
Trade: Survey:Revenues in Romania's luxury goods market projected at EUR 535.82 ml in 2024
Tuesday, July 2, 2024
Revenues in Romania's luxury goods market are projected to reach EUR 535.82 million in 2024, with online sales contributing a significant 13.8 percent to this amount, shows a specialist survey by CBRE Romania released on Tuesday.According to the cited source, the demand for luxury goods is on the rise, driven by the upward trend in the population's standard of living.Also, CBRE announced that it will be the exclusive agent for the leasing strategy of H Stirbei ...
Infrastructure: EBRD finances modern water and wastewater infrastructure in Romania’s Braila County
Tuesday, July 2, 2024
EBRD lends €14.2 million to Braila County’s public utility entity in Romania Loan to finance modernisation of Braila County’s water and wastewater infrastructure Project, co-financed with European Union, aims to improve local access to water The ...
Romania gives green light to restore Ruse-Giurgiu ferry service
Tuesday, July 2, 2024
A ferry line could connect Ruse and Giurgiu as early as this summer. At its regular meeting today (28 June), the Romanian government approved a decision to restore the Giurgiu-Ruse ferry service. The reopening of an old crossing point, which was in operation until 2005, will be carried out after the construction of the infrastructure, the provision of staff and the necessary communications, according to the decision document. The ferry will transport ...
Tourism: MKOR study: Romanians and summer vacations: budgets 40% higher than in 2023
Tuesday, July 2, 2024
In a context where vacations are becoming increasingly necessary for emotional balance and general well-being, 3 out of 4 Romanians plan to go on vacation in the next three months, according to the MKOR study "Tourism Market - Summer Vacation 2024." The study, carried out for the first time in 2017, offers valuable perspectives on the travel trends and preferences of Romanians, according to a press release sent to the ...
Agriculture: Poultry slaughter, collected milk production up in 2023, cattle, pig, sheep and goat slaughter, down
Tuesday, July 2, 2024
Poultry slaughter in industrial units (slaughterhouses) showed an upward trend in 2023, compared to the previous year, and the slaughtering of cattle, pigs, sheep and goats had a downward trend.The production of milk collected from agricultural holdings and collection centers by processing industrial units increased in 2023 compared to 2022, according to a press release from the National Institute of Statistics (INS).According to the INS, in 2023, ...
Agriculture : Processing units collect 5.2% more milk from from exploitations and centers in 4 months. Imports went up by 43%
Tuesday, June 25, 2024
The quanity of cow milk collected by processing units from farms and collecting centers in the first 4 months of 2024 went up by 5.2% against the same period of 2023, according to data released by the National Statistics Institute (INS). Over January 1- April 30, 2024, the biggest production increase was recorded for butter (+31.4%), while the milk imported by processing units went upby 43.8% against ...
Romanian white wine receives Grand Gold Medal at Concours Mondial de Bruxelles
Tuesday, June 25, 2024
A white wine produced by La Salina Winery in Cluj has won the grand prize at an international wine competition held in Brussels."A Romanian white wine produced by La Salina Winery was the international revelation at the Concours Mondial de Bruxelles! Issa Chardonnay Barrique 2022, the star of the prestigious international competition. Exceptional achievement on the world wine market for La Salina Winery from Cluj county, but also for Romania! Issa Chardonnay ...
Cars: New car registrations in Europe decline 2.6pct in May 2024
Tuesday, June 25, 2024
New car registrations in Europe (EU plus the UK and EFTA countries) fell by 2.6% in May 2024, y-o-y, amid falling demand for electric vehicles, according to a report published on Thursday by the European Automobile Manufacturers' Association (ACEA).Statistics comprise the 27 member states of the European Union, plus the United Kingdom and the countries of the European Free Trade Association (EFTA) - Iceland, Liechtenstein, Norway and ...