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Economic
IT&C sector in Romania must reach 10% of GDP in 2025
Tuesday, December 15, 2020
According to representatives of the Patrons' Association of Software and Service Industry (ANIS), the targets local IT industry for Digital Romania in 2025 are: IT&C sector in Romania should reach 10% of GDP; setting up the biggest technology hub in Central and Eastern Europe; at least 50 technology companies will be launched on Bucharest stock exchange through local IPOs; at least 5 unicorns will be launched (companies evaluated with at least 1 billion dollars); ...
Romania has Europe’s highest digital growth potential, says study
Tuesday, December 15, 2020
Findings from a pan-European survey commissioned by global multi asset investment platform, eToro, shows Romania has the highest potential for digital growth in Europe. The research, carried out in nine European countries by the Center for Economic and Business Research (Cebr) on behalf of eToro, looked at digital transformations taking place in sectors such as finance, health, retail, government and ...
Healthcare: Donalam purchased a Real Time PCR analyzer for Calarasi County Hospital
Tuesday, December 15, 2020
In the current epidemiological context caused by the SARS-CoV-2 virus, the Donalam steel plant, one of the largest employers in Calarasi County, is still involved in providing the most necessary medical equipment for pandemic management in the community. The company purchased a Real Time PCR analyzer with the value over 20,000 euros, which was donated to Calarasi County Hospital in order to meet the ...
Real Estate: IMPACT Developer & Contractor announces that GREENFIELD BANEASA is sold out, by year end
Tuesday, December 15, 2020
IMPACT Developer & Contractor announces the completion of the stock of apartments built in the first three phases of the Greenfield Bsneasa project. The neighbourhood is in the process of expanding with a new phase of development and new facilities that will turn it into the most attractive residential project in Bucharest. Known as the neighbourhood embraced by the forest, Greenfield Baneasa is ...
Infrastructure: A fifth of Ungheni- Iasi-Targu Mures highway will be built with money from the National Resilience Plan
Tuesday, December 15, 2020
Marcel Bodos, the minister for European Funds, declared in Iasi that about 60 km of Ungheni- Iasi- Targu Mures highway will be financed by the National Recovery and Resilience Plan (PNRR), and the money for the rest of 260 km will be ensured by the Operational Transport Program. Marcel Bodos said, in Iasi, on Wednesday, at a press conference, that A8 highway will have 320 km and two highway ...
Trade: 20% of online buyers are beginners forced by Covid 19 crisis
Tuesday, December 15, 2020
Two out of ten Romanians who made online purchases in the last 6 months are beginners and did it because of the Covid 19 crisis, a Nielsen study showed. Nielsen Consumer Insights Romania made a study in the urban area with people aged between 18 and 55 years who made online purchases in the last 3 months. 20% of Romanians interviewed bought online for the first time in the last 6 ...
Study: Food service market will double to 20 billion lei in 2021
Tuesday, December 15, 2020
The food and drink service market ( standards restaurants, fast food, coffee shops, pubs and supermarkets) will double in 2021 to 20 billion lei, double against 2020 and on the drop by 20% against 2019, according to estimates of Hospitality Culture Institute. “The main growth vectors of the food service market in 2021 will be developing delivery and take away services and opening interior areas ...
COVID-19 is changing consumer behavior worldwide; business needs to adapt rapidly
Tuesday, December 15, 2020
COVID-19 is having a lasting, worldwide impact on consumer needs, preferences and behaviors, according to a new report from KPMG International, “Responding to consumer trends in the new ...
Agriculture: Slaughters in sheep, goats increase in October
Tuesday, December 15, 2020
The number of slaughters in sheep and goats increased in October this year compared to the same period in 2019, while in the case of cattle, pigs and poultry there were decreases, according to the data made public on last Wednesday by the National Institute of Statistics (INS).At the same time, during the analyzed period, the carcass weight increased in sheep and goats, decreased in cattle, pigs and poultry.Official statistics show that, in ...
Agriculture: În wine industry, 550 companies generate revenues of EUR 370 mln per year
Tuesday, December 8, 2020
Romania is one of the biggest wine producers in Europe and worldwide. However, the country is far from being a global or European powerhouse when it comes to its wine industry.In 2019, Romania produced 4.1 million hectoliters of wine, ranking sixth in Europe and among the top 15 wine producers in the world. Meanwhile, the 550 companies in the local grape and wine industry recorded a combined turnover of ...
More than 6.37 million lei pay as state aid in livestock breeding sector
Tuesday, December 8, 2020
The Agency for Payments and Intervention for Agriculture (APIA) announces the authorization of the amount of over 6.37 million lei for the payment of state aid in the livestock breeding sector, following the applications submitted in October and related to services provided in September and in the third quarter of the year.According to a press release sent by APIA, the payments will be made through the county centres of the Agency.The total ...
Over 731,000 farmers receive the OK for disbursement of advance payments for 2020 Campaign
Tuesday, December 8, 2020
Over 731,000 farmers received the Agency for Payments and Intervention in Agriculture's OK for the disbursement of the advance payment for the 2020 Campaign; a total of 1.43 billion euros has been approved for payment, the Agency informs."The Agency for Payments and Intervention in Agriculture (APIA) informs having completed the advance payment campaign for the beneficiaries who filed a single payment application in 2020. In accordance with the Commission's ...
Tourism : Arrivals in tourist accommodation units, 54.4 pct decrease in October
Tuesday, December 8, 2020
Compared to the corresponding month of the previous year, the arrivals in the establishments of tourists’ reception with functions of tourists’ accommodation decreased by 54.4%, while the overnight stays decreased by 54.8% in October 2020. Compared to October 2019, in October 2020 customs registered a decrease in the arrivals of foreign visitors of 65.4% and a decrease of 57.3% in the departures abroad ...
Trade: EBRD: Romanian retailers are ready for the start of the holiday shopping season
Tuesday, December 8, 2020
EBRD, EIAH and EU help small businesses go online through pilot initiative When Albin Maior started producing socks ...
Jan - Oct retail turnover up 2 pct YoY in unadjusted terms
Tuesday, December 8, 2020
Romania's retail turnover (except for trade in motor vehicles and motorcycles) over the interval January - October 2020 was 2 percent up from the same period of the year before in unadjusted terms, and 1.9 percent higher as workday and seasonally adjusted series, the National Institute of Statistics (INS) informed.The 2 percent YoY growth as raw series was the effect of the 5.7 pct advance in sales of food, beverages and tobacco, and of the 4.9 pct increase in ...
Telecom. IT: Report: Romanian internet users spent less time on PCs and tablets in H1 2020
Tuesday, December 8, 2020
Internet users in Romania spent less time on PCs and tablets in the first half of 2020, compared to the same period last year, despite the coronavirus pandemic and the restrictions it brought with it, according to the Global Media Intelligence Report. On the other hand, the mobile time has increased. Romanian internet users spent 4 hours daily on PCs and tablets in H1 2020, down from 4 hours and 20 minutes in the same ...
Authorities to organise 5G auction in Q2 of 2021
Tuesday, December 8, 2020
ANCOM (telecom market regulator) published on December 4 for public consultation its action plan for 2021.According to the document, it wants to organize the auction for 5G frequency bands in the second quarter of ...
Infrastructure: 15 bidders for most difficult section of Sibiu-Pitesti motorway
Tuesday, December 8, 2020
Some 15 bidders compete to get the contract for the construction of the third section of the Sibiu-Pitesti motorway in Romania, estimated at RON 5.3 billion (EUR 1.1 bln). Among them, there are construction companies from China and Turkey, as well as Astaldi, Strabag, and Aktor - companies already involved in local projects, according ...
Air France, KLM maintain flights from Bucharest to Amsterdam and Paris, this winter
Tuesday, December 8, 2020
Air France and KLM airlines will continue to operate flights from Bucharest to Paris and Amsterdam, and back, this winter, reads a press release of the Group formed by these two companies.Thus, Romanian passengers have at their disposal four weekly flights linking Bucharest to Paris and two daily flights between the Romanian Capital and Amsterdam, which ensures a minimum of connectivity with the most important university and business centres.Ticket ...
Real Estate: Colliers: Three effects of the pandemic on the housing rental market in Bucharest
Tuesday, December 8, 2020
More than half (55%) of Bucharest residents currently living on rent do not plan to buy an apartment next year and want to continue renting, according to a recent study conducted by Unlock Research for Colliers International, leader in the Romanian residential evaluation and consultancy market with nationwide analyzed residential properties worth over 15 billion euros in the last three years alone. However, 45% of them consider changing their rented ...