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Infrastructure: Necessary investments in transport sector is 73 billion euros in next ten years
Tuesday, July 28, 2020
Investments needed in the transport sector in Romania amount to 73 billion euros over 2020-2030, said Lucian Bode, the minister of transports, infrastructure and communications. At a press conference he presented the investment plan for the development of transport infrastructure for 2020-2030, as part of the the government's Economic Relaunch Plan. “Our strategy is based on two pillars: massive investments – we need investments of 73 ...
Trade: EY: Romanian consumers attentive to quality, preferring local products and online purchases
Tuesday, July 28, 2020
Covid 19 crisis has modified preference of Romanian consumers, who became more careful to quality and preferred local products and those purchased online, according to the EY Romania study “Romanian consumer behavior in context of Covid 19”. Health and effects of health crisis on financial situation are the main elements that worry over 64% of Romanian consumers at present, a press release shows. Preoccupations ...
Tourism : Eurostat: More than half of Romanians cannot afford a one-week holiday per year
Tuesday, July 21, 2020
Almost a third (29%) of residents of EU Member States aged 16 or over were unable to afford paying for an annual one-week holiday away from home. Among EU Member States, Romania recorded the highest share of individuals in this situation, with the majority of Romanians (54%) being unable to afford a one-week annual holiday in 2019, according to data published on Monday by the European Statistical Office (Eurostat).This share has gradually decreased since 2010, ...
Activities of travel agencies and tour operators decreased by 43.5% in first 5 months of year
Tuesday, July 21, 2020
The activities of travel agencies and tour operators decreased by 43.5% in the first 5 months of the year, compared to the similar period of 2019, which recorded the largest decline in the category of market services provided to the population, according to the data of the National Institute of Statistics (INS).Moreover, the activity in the sector of gambling and other recreational activities decreased by 39.3% during the mentioned period, and the activities of ...
Real Estate: Iulius Company launches new retail concept in Romania
Tuesday, July 21, 2020
Iulius Company, one of the biggest real estate developers in Romania, controlled by local investor Iulian Dascalu, announced the launching of a new retail concept in Romania: Family Market. The first project of this type is proposed for Miroslava commune in Iasi county, in eastern Romania, and entails an investment of over EUR 6 million. Family Market is a small-scale format that integrates a supermarket and a customized mix of services, as well as ...
EBRD supports development of sustainable industrial real estate in Romania
Tuesday, July 21, 2020
EBRD providing €150 million loan to WDP in Romania Funds to support WDP’s green growth plans and enhance the country’s logistic infrastructure New training programmes to promote youth inclusion The industrial real estate sector ...
House prices in Romania, 23% below 2007 peak level
Tuesday, July 21, 2020
Romania posted the second-sharpest decrease in house prices in the EU, in the first quarter (Q1) of this year, compared to Q1 2007: 23.6%, after Greece (-35.6%) and before Ireland (-17.5 %), according to Eurostat. Meanwhile, rents increased by 55% in Romania in the same period, more than twice the average increase in the EU. A significant consequence is the higher yield derived by investors who rent their properties in 2020, ...
Demand on Bucharest’s office market, down 45% in H1
Tuesday, July 21, 2020
The coronavirus pandemic affected the Bucharest office market as well, the demand on this segment decreasing by 45% year-on-year in the first half of 2020, according to an analysis by the real estate consulting company Avison Young, quoted ...
Infrastructure : EUR 118 mln, for transport infrastructure projects
Tuesday, July 21, 2020
Romania will receive EUR 118 million from the European Union for ten key transport infrastructure projects, the European Commission said in ...
2020 could see restart infrastructure projects despite pandemic
Tuesday, July 21, 2020
Romania has an historic problem in managing infrastructure projects, with long delays in signing contracts and difficulties in managing their implementation, business-review.eu reads. But 2020 could be a turning point: a high number of contracts for motorways and express roads have already been signed, and state company CNAIR is preparing more major contracts for this year. If these projects are implemented, the next decade could forever change the way ...
Gov't received EC's okay to buy rail engineering trains for CFR Infrastructura
Tuesday, July 21, 2020
Prime Minister Ludovic Orban announced that the government has received the European Commission's OK to purchase rail engineering trains for the infrastructure arm of the National Railway Company - CFR Infrastructura, which will be used to modernize the railway."Following the purchase of these trains, we expect the pace of upgrade works for everything railway to change significantly and that this will bring added value," said Minister of European Funds Marcel ...
Cars: Turnover in vehicles and motorcycles trade drops 19.1 pct in first 5 months
Tuesday, July 21, 2020
The volume of turnover in vehicle and motorcycle trade has dropped as gross series by 19.4 pct in the first five months of the current year, compared to the similar period of 2019, and by 17.1 pct as workday and seasonally adjusted series, according to data published on Wednesday by the National Statistics Institute (INS).The decrease as gross series was determined by the decline registered in the trade in motor vehicles (-26.7%), the trade in parts and ...
APIA: Romanian car market down almost 32% in first half
Tuesday, July 21, 2020
The Romanian car market registered a decrease of almost 32% in the first half of the year compared to the same period in 2019, according to the Association of Car Manufacturers and Importers (APIA). A total of 11,955 vehicles were registered in June 2020 (cars, light, and heavy commercial vehicles, minibuses and buses), 38.9% more than in May. However, the figure is lower (-26.6%) than the one reported in the same month last year, when 16,280 ...
Almost 2,900 new green vehicles traded in Romania in H1 2020
Tuesday, July 21, 2020
Sales of new green vehicles in Romania increased by 2.7% in the first half of the year, to 2,889 units, as against 2,813 in H12019, according to statistics with Romania's Association of Car Manufacturers and Importers (APIA).Overall, the share of new electric and hybrid vehicles in the total local car market stood at 5.9% in H1 2020, above the level of the previous year, when it stood at 4%.According to APIA, between January and June 2020, most of the ...
New cars registered in Romania dropping by 18% in June
Tuesday, July 21, 2020
Over 10,000 new cars were registered in Romania in June, dropping by 27.8% compared to the same period of 2019, according to data of the Association of Automobile Manufacturers and Importers (APIA), quoting the Vehicle Registration Department (DRPCIV). “According to data communicated by DRPCIV, 10,161 new cars were registered in Romania, fewer by 27.8% compared to the same period of 2019. Covid 19 pandemic was the main factor of this ...
Healthcare: Population health improvement can add 9% to Romania's GDP in 20 years
Tuesday, July 21, 2020
Improving the people's health through investments in the field could add 9% to Romania's GDP in 20 years. The economic effects of improving the people's health, including the extension of work participation and productivity increase have the potential to boost annual GDP by 26 billion dollars by 2040, compared to the scenario in which present conditions are maintained. Every dollar invested in the field of health could bring an economic benefit ...
Trade: Beer consumption has fallen by 10% since the start of the Covid-19 Crisis
Tuesday, July 21, 2020
In March-May 2020, the local beer sector fell by more than 10 percent over the same period of the previous year, according to the Brewers of Romania Association. “Local brewers are very concerned about the situation in Horeca sector and, consequently, in the beer industry. The first months of the year were not good for our industry, and the strongest impact will be felt in the third quarter of the year, which is usually the peak season ...
Agriculture : Imports of raw milk increased by 41 pct in first five months of year
Tuesday, July 21, 2020
The imports of raw milk increased by 40.9 pct in the first five months of the year, specifically by 18,206 tons, over the same period of last year, totaling 62,739 tons, according to the data of the National Institute for Statistics published on Monday.In the mentioned period, the milk for consumption production increased by 12 pct (16.677 tons), up to 155,766 tons, while the processing units collected by 1.9 pct (9,147 tons) less cow milk over the similar period ...
Agriculture: Study: Romania imported vegetables of 516 million euros in 2019
Tuesday, July 14, 2020
Vegetable imports grew in Romania in 2019 to 516 million euros. In the top of products there were frozen vegetables, potatoes, carrots, dry beans and tomatoes, according to a study made by Tara Mea Cooperative, released on Tuesday. According to the source, vegetable imports even over July-August 2019 when Romania abounded of local vegetables. Data centralized by Tara Mea Cooperative show that, in July 2019 alone, Romania ...
Study: Five million tons of food wasted annually in Romania
Tuesday, July 14, 2020
About a third of the food produced for human consumption is wasted at global level, and this generates significant economic and environmental costs. A total of 89 million tons of food goes to waste every year in Europe alone, and five million tons come from Romania. This places the country ninth in a European ranking, after North ...