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EBRD: New funds for Romania’s Agricover
Tuesday, November 24, 2020
€10 million loan to Romania’s leading agri-tech distributor Loan to finance growing working capital needs Company prepares liquidity buffer against enduring Covid-19 pandemic A €10 ...
Cars:Over 15pct increase in sales of "green" vehicles in Romania in first ten months
Tuesday, November 24, 2020
Sales of new green vehicles increased by 15.15% in the first ten months of the year in Romania, compared to the same period in 2019, to 6,385 units, according to Romania's Association of Car Manufacturers and Importers (APIA).As of October 31, 2020, the share of new electric and hybrid vehicles in the total local car market had reached 6.6%, above the level of the similar period in 2019, when it was 4.2%.According to data centralized by APIA, between ...
Trade: More non-food retailers pull shutters down for good
Tuesday, November 24, 2020
Increasingly more non-food retailers are going bankrupt, unable to stay afloat on the market, the Romanian Retailers' Organization - Roretail said in a release on last Wednesday.The organization has repeatedly sounded alarm, both publicly and through communications to decision-makers, about the extremely difficult situation of the Romanian non-food retailers. After 3 months during which the stores were closed by decision of the authorities, sales remained ...
Infrastructure: Blue Air to resume international flights from Cluj Napoca from March 1, 2021
Tuesday, November 24, 2020
Blue Air low-cost airline will resume its international flights from Cluj Napoca on March 1, 2021 one month ahead of schedule, to meet growing demand for this destination.According to a Blue Air press statement, from March 1, 2021, Blue Air will introduce 13 new routes that will connect Cluj-Napoca to key destinations in Europe.From March 1, 2021 there will be non-stop Blue Air flights from the Avram Iancu International Airport in Cluj Napoca to ...
Wizz Air launches special flights to Bucharest for European Football Championship 2021
Tuesday, November 24, 2020
Wizz Air launches special flights dedicated to sports fans eager to support their national football teams during the Group C matches of the 2020 UEFA European Football Championship, which will take place in Bucharest, next year, according to a statement sent on Friday .Thus, 26 flights will offer fans from Austria, North Macedonia and Ukraine the opportunity to watch the matches that are scheduled for June 13, 17 and 21. Tickets can already be booked online ...
Tourism : Go Hotels will extend in 2021 in Bulgaria, Hungary, Serbia, Montenegro, Albania, Bosnia and North Macedonia
Tuesday, November 24, 2020
The hotel booking platform Go Hotels which reunites over 700 hotels in Romania and the Republic of Moldova as well as division of the tourism agency Go Travel will extend the process of contracts and distribution, in 2021, in seven new countries: Bulgaria, Hungary, Serbia, Montenegro, Albania, Bosnia and North Macedonia. Go Travel is one of the most powerful tourism agencies in Romania, with experience of 28 years ...
Sheraton hotel in Bucharest wants to add 100-room extension
Tuesday, November 24, 2020
Grand Plaza Hotel, the company that owns the Sheraton hotel in central Bucharest, wants to add about 100 rooms to the 270 existing ones by building another ...
Trade: Laptop imports in Romania grew by 38% in first 7 months
Tuesday, November 17, 2020
Romania and Denmark recorded, in the first 6 months of the year, the highest increases for laptop imports in EU – 38%, according to a press release of InfoCons association. This year, laptop imports reached a historic high level, as a result of the pandemic and of the fact that people had to work or study from home. Most non EU imports (90%) came from China: 14.4 billion euros in the first 7 ...
Online shops had average increases of 50% in October
Tuesday, November 17, 2020
The number and value of orders in October grew by 50% against the same period of 2019, MerchantPro, a local Saas eCommerce platform announced, according to which the growing trend will continue in November. In June-August, there was a temperate increase of 35% against 2019 as transaction value, and there were new record increases in the fall. In September, the increase for the two segments analyzed was ...
Customer Experience thrives on digital transformation in the new reality
Tuesday, November 17, 2020
The 2020 edition of the KPMG Customer Experience Excellence Report developed by KPMG and based on a study conducted at the height of the lockdown in 27 countries and regions, including Romania, uncovers a shift in values and behavior, as customers become increasingly vulnerable and less in control than ever before, resulting in a fundamental transformation in how people interact with brands. This ...
Healthcare: Survey: 38.6% of Romanians say they would not get vaccinated against COVID-19
Tuesday, November 17, 2020
More than 38% of a survey respondents said they would not get vaccinated against COVID-19 if such treatment were available in the next period.The survey was conducted between September 25 and October 16, by the Center for Sociological Research Larics (CCSL), in partnership with the Romanian Association of International Drug Manufacturers (ARPIM) and the Institute of Political Science and International Relations (ISPRI), under the aegis of the Department of ...
Cars : Automotive sales decrease by 28.7% pct in first ten months of year
Tuesday, November 17, 2020
Romania's automotive sales decreased by 28.7% pct in the first ten months of the year, compared to the similar period last year, a margin within which electric cars (BEV, PHEV) are up 67.7%, the Association of Automotive Manufacturers and Importers (APIA) said in a release on Wednesday.At the national sectoral level, Romania's flagship car maker Dacia still tops the brand ranking (cars + commercial vehicles) with 31,814 units sold, followed by Renault - with ...
Real Estate: Bucharest office market continues to develop, with a slight return in demand in the third quarter
Tuesday, November 17, 2020
The office market in Bucharest continues to grow, in the first nine months of the year being delivered new spaces with a total area of124,000 square meters, while developers have in various phases of construction buildings with a cumulative area of 388,000 square meters, according to real estate consulting company Cushman & Wakefield Echinox. The commercial stock (for leasing) of office buildings in Bucharest reaches about 2.9 million square ...
Tourism : The government adopted the Memorandum to offer state aid to the companies in HoReCa
Tuesday, November 17, 2020
The government approved, during the meeting on Thursday, the memorandum to offer state aid to the companies in HoReCa, the industry of hospitality and tourism agencies. The companies affected will receive 20% of the loss suffered in 2020, against the turnover of 2019. To get the aid, the approval of the European Commission will be required. ‘To compensate the loss suffered by some economic agents, in the context of ...
Infrastructure : Minister Bode: for the next ten years, the transport infrastructure needs 72,2 billion euro
Tuesday, November 17, 2020
The total necessary for financing for the next ten years for all means of transport is approximately 72,2 billion euro, stated the minister of transport, infrastructure and communications, Lucian Bode. ‘ One of the most important factors which define the ministerial activity of this year – and this is a key document – is the Plan for Investment for the development of transport infrastructure for 2020 – ...
Rail passenger transport in Romania had one of the smallest drops in the EU in Q2
Tuesday, November 17, 2020
The rail passenger transport dropped in all member states of the EU in Q2 this year as compared to the similar period of last year, in the context of the pandemics, but the decline registered in Romania was one of the smallest registered at the level of the EU, show the data published by Eurostat.According to the data, in Romania a number of 9.067 million passengers travelled by train between April - June 2020, with 7.943 million fewer than ...
Telecom. IT: Digital market in Romania will exceed 80 million euros in 2020
Tuesday, November 17, 2020
The digital market in Romania exceeds this year 80 million euros, on the rise by over 45% compared to 2019, according to IAB data – the association of online marketing and advertising industry, quoted in a study made by a web developing agency. According to Kiklab analysis, requests for online stores and for digital marketing exploded in the second half of the year, with a request increase of over 60%, while in 2019 most small ...
Number of Internet connections grows by 1.8% in 2019
Tuesday, November 17, 2020
The number of Internet connections grew last year by 1.8%, to 22.3 millions while the number of mobile phone connections grew by 0.4% to 22.7 millions, according to data centralized by the National Statistics Institute. There drops in the voice traffic made in fixed phone networks. The most important drops were recorded for national and international traffic, both of them dropping by 23.2%, ...
Agriculture: Wine industry readapts business to online sales and exports
Tuesday, November 17, 2020
Romanian wine producers and retailers who sell such products, say they learned from the pandemic to adapt to the new conditions, accent being laid, more than ever, on the interaction with clients in the online environment. On the other hand, players in the industry said they were affected by problems that have affected the HoReCa sector and a readaptation of businesses was ...
Romania exported 1.06 million tons of wheat and 268,782 tons of corn in last 4 months
Tuesday, November 17, 2020
Since July 1, 2020 when the farming season 2020-2021 started, until November 8, 2020, Romania exported 1.065 million tons of soft wheat and imported 16.135 tons of wheat, according to official data published by the European Commission on Monday. EC points out that in the first 4 months of the present season, wheat exports in EU and Great Britain dropped by 24% to 7.84 million tons and imports went up by ...