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Agriculture Minister: We estimate wheat production of 5.6 million tons, 40% lower than last year
Tuesday, August 11, 2020
Adrian Oros, the minister of agriculture, announced on Tuesday partial results about the harvesting campaign. The average wheat yield dropped by 40% compared to 2019, to 2.9 tons/ha, estimating a wheat production of 5.5-5.6 million tons. The official says drought has strongly affected autumn cultures of reap, rye and barley. Rye yield was also reduced, being 2.5 tons/ha against 3.2 tons in 2019. For barley the average yield is 2.6 tons/ha against 5 ...
Agriculture Ministry allocates 1.2 bln lei for compensation of drought-affected farmers
Tuesday, August 11, 2020
The Ministry of Agriculture will allocate 1.2 billion lei for the compensation of drought-affected farmers, and the necessary funds will be earmarked at the upcoming budget revision, Minister of Agriculture and Rural Development Adrian Oros announced on Tuesday."Despite the quite abundant rainfall in the recent period, certain areas, especially in Dobrogea and in the south of Moldova are still severely affected by drought. Therefore, we will provide for these ...
Infrastructure : Ryanair announces new route from Bucharest to Palma de Mallorca
Tuesday, August 11, 2020
Irish low-cost airline Ryanair announced a new route from Romania to Spain, starting March 28, 2021, as part of its next year’s summer schedule. The new route will operate twice a week from Bucharest to Palma de Mallorca. Ryanair’s Romanian customers can already book a trip to Palma on the company’s website. Ryanair is offering one-way trips from just EUR 29.99 for travel in April and May, which must be booked by midnight, Wednesday ...
Govt. wants to build new terminal at Timisoara airport
Tuesday, August 11, 2020
Romania's Transport Ministry wants to build a new terminal at Timisoara's Traian Vuia International Airport to serve international departures. It began procedures for earmarking RON 184.5 mln (EUR 39 mln) for the construction of the terminal from non-reimbursable external funds, through the Large Infrastructure Operational ...
Cars: Q4 2019 new passenger car registrations in Romania down 33.6pct
Tuesday, August 11, 2020
In the second quarter of 2020, the new registrations of road vehicles for passenger transport decreased by 29.3% compared to the second quarter of 2019. During the same period, the new registrations of road vehicles for goods transport fell by 24.7% compared to the second quarter of the previous year The number of new registrations of road vehicles for passenger transport ...
EU exports 8.2 billion euros worth of electric, hybrid vehicles in 2019
Tuesday, August 11, 2020
In 2019, the European Union (EU) exported 8.2 billion euros worth of electric cars and hybrid electric cars that can be driven in combination with a petrol or diesel engine. Imports of electric and hybrid electric cars were worth 7.1 billion euros, resulting in a trade surplus of 1.1 billion euros, according to data released on Tuesday by the European Statistical Office (Eurostat).Overall, the 2019 trade in electric and hybrid electric cars was dominated by ...
July's new vehicle registrations at 14,240-plus, down 44 pct YoY
Tuesday, August 11, 2020
New vehicle registrations this July stood at 14,240-plus, by 44 percent less YoY, shows a preliminary analysis of registration data published by the Association of Automotive Manufacturers and Importers (APIA).Of the total number of new vehicles, 12,950 were new cars, with this number standing also 44.2 percent lower than in July last year.At 30,113 units, used car registrations were 24.8 percent less than in the year-ago period.New car ...
Tourism : Hotels in Romania record negative results this year
Tuesday, August 11, 2020
The COVID-19 had a very rapid and drastic impact on the Romanian hotel sector. According to the industry survey conducted by Cushman & Wakefield in partnership with FIHR, targeting Romanian hoteliers, 64% of hotels were already impacted within the last week of February, when the virus was confirmed to have reached Romania. With the state of emergency having been declared on the 14th of March, the number of hoteliers impacted increased to 98% in the 3rd week of ...
Murotti Valley, the newest mountain resort in Romania
Tuesday, August 11, 2020
Alessio Karkhi and Nicu Hagivreta, two known local business men, started the development of touristic project Murotti Valley, located in Varful Roman (1,850 meters) area, 17 km from Horezu (Valcea county). The first phase of the project will be delivered in Q1 2021 and at the end of next year and will comprise 74 villas, two restaurants, two ski slopes along all the necessary amenities, and a hotel The first phase of Murotti Valley will attract an ...
Romanian tour operators seek partnership with Gov't to save the travel industry
Tuesday, August 11, 2020
The Romanian travel agencies are calling for the government's intervention for identifying viable solutions in the short and medium term for the relaunch of the tourism industry and for making possible the holidays desired by Romanians, reads a letter sent to premier Ludovic Orban by several tour operators."Romanian tour operators need support in order to deal with these vicissitudes, both in the interest of the Romanian citizens we serve and in order to ...
Real estate: Real estate investments of 408 million euros in Romania in first semester
Tuesday, August 11, 2020
The first half of the year ended with real estate investments of 408 million euros in Romania, 18% more than in the same period of 2019. Of them transactions for offices represented 86%, according to the market report of Colliers International. Some major transactions which exceed 100 million euros were postponed or canceled, the report shows. However, prospects are uncertain, as several major transactions were frozen or canceled. On the ...
CTPark Bucharest North will open its first operational spaces in Autumn 2020
Tuesday, August 11, 2020
CTP, the leading premium industrial parks developer and long-term manager in Romania and Central and Eastern Europe, continues its expansion in Romania by developing a new logistics park in the Northern part of Bucharest – CTPark Bucharest North. The park, located in Stefanesti, Ilfov County, has a total area of 21 ha and has a large opening with a great access to the Bucharest Ring Road, close to A3 ...
Trade: Average basket in online store, double the one of physical locations
Tuesday, August 11, 2020
The average value of the purchase basket in online stores is two times higher than the offline one, the average purchase made by Romanians online being a few hundred lei, according to Mugurel Horia Rusu, CEO Hornbach Romania. In his opinion, the average online customer is not different from the one in physical stores, the highest share being represented by men (70%). The average age is 29-49 years. However, virtual stores also have customers over the ...
Retail trade turnover advance 0.5pct in H1 2020
Tuesday, August 11, 2020
Compared to the previous month, in June 2020 the retail turnover volume (excluding the trade with motor vehicles and motorcycles) increased both as gross series by 9.1% and as adjusted series according to the number of working days and to seasonality by 6.3%. Compared to the corresponding month of the previous year, the retail turnover volume (excluding the trade with motor vehicles and motorcycles) increased both ...
Eurostat: Romania, EU's eighth largest beer producer in 2019
Tuesday, August 11, 2020
Romania was the eighth largest beer producer among the 27 EU member states in 2019, according to data released on Friday by the European Statistical Office (Eurostat).Last year, over 34 billion litres of beer containing alcohol were produced in the EU, equivalent to around 77 litres per inhabitant.In addition, in 2019 the EU produced 1.4 billion litres of beer which contained less than 0.5% alcohol or had no alcohol content at all.Among the ...
Agriculture:The Embassy of France: appeal for a partnership addressed to Romanian farmers
Tuesday, August 4, 2020
The Romanian and French ministries of agriculture, the French Embassy and a group of NGOs launch an appeal to Romanian farmers to develop a partnership meant to professionalise the agricultural jobs by means of exchanges between the two countries, informs the French Embassy in a press release on Friday. The objective of this partnership is to develop the connection between training, agricultural exploitation and the companies in the ...
Tourism : Arrivals in tourist accommodation units down 74.5pct in June; 3.9 were foreign tourists
Tuesday, August 4, 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 74.5%, while the overnight stays decreased by 76.4% in June 2020. • Compared to June 2019, in June 2020 customs registered a decrease in the arrivals of foreign visitors of 68.7 % and a decrease of 68.1% in the departures ...
Romanians spend over EUR 480 million on vacation, business travels in first quarter
Tuesday, August 4, 2020
Romanian residents spent over EUR 480 million (RON 2.34 billion) on vacation and business travels in the first quarter of this year, of which 77.6 pct for those targeting domestic destinations, according to data centralized by the National Statistics Institute (INS).Of the total tourist expenses for vacation trips in the first quarter of 2020, 81.3 pct represented travel expenses in the country and 18.7 pct for foreign travels.The peak month for ...
Real Estate: Deals on non-residential real estate market up 21% in H1
Tuesday, August 4, 2020
The volume of commercial real estate transactions in Romania, including offices, retail, industrial and logistics projects, and hotels, reached EUR 410 million in the first half of the year (H1), 21% more than in the same period last year. The properties in Bucharest accounted for almost 90% of the total, according to the report published by real estate consultancy firm JLL Romania. The largest segment was that of offices, which ...
Analysis: Developers have a pipeline of 100,000 sqm of offices and 700 hotel rooms in the Calea Victoriei area of Bucharest
Tuesday, August 4, 2020
Calea Victoriei in Bucharest, the 2.8-kilometer-long artery between Pia?a Victoriei and Pia?a Na?iunilor Unite, will continue to grow as an office and hotel hub in the upcoming years, with the developers’ plans to build seven new office buildings and six hotels as a result of investments that could exceed the EUR 300 million threshold, according to an analysis of Cushman & Wakefield Echinox real estate consulting ...