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Economic
Milk production, up 7.7% in 2019; import, down 11.8pct
Tuesday, July 7, 2020
The processing units collected a total amount of raw milk of 1.161 million tonnes last year, down 0.2pct (1,982 tonnes) compared to 2018, the largest share being held by cow's milk, respectively 1.125 million tonnes, according to data from the National Institute of Statistics (INS) .According to the INS, in 2019 compared to the previous year, the quantity of raw cow's milk, collected by the processing units, from the agricultural holdings and collection centers, ...
Real Estate: JLL research: working from home does not equate to a lower demand for office space
Tuesday, July 7, 2020
Increased working from home doesn’t equate to less demand for office space. The latest JLL research „The future of global office demand” identifies four key factors that will play a major role in shaping future office spaces. Demand for office space is intrinsically linked to the economy; generally in a downturn, office demand drops off as employment levels fall and corporates move into cash preservation mode. The global pandemic has ...
Tourism : Study: Half of Romanians want to spend their holidays in the country
Tuesday, June 30, 2020
In the context of the coronavirus pandemic, half of Romanians want to spend their next vacation in the country, according to a study conducted by the Hospitality Culture Institute. The cities of Brasov, Constanta or Cluj-Napoca are among the most popular destinations. Most respondents (35%) have not yet planned their days off this year, only 15% want to spend their holidays abroad, and 7% will not have a vacation or will spend ...
Agriculture: Cereal traders: export suspension in April affected Romania's credibility abroad
Tuesday, June 30, 2020
The suspension of cereal exports, a decision made by authorities in April, when Romania was in emergency state because of the new coronavirus, brought Romanian farm produce traders and farmers losses of thousands of euros, to which the drop of credibility abroad was added. Also, the measure still brings effects in the market, even though the decision was canceled later on, cereal traders and farmers say. Vasile Varvaroi, the ...
Gov't to support flood-hit population
Tuesday, June 30, 2020
Minister of Environment, Waters and Forestry Costel Alexe said on Friday that the Government will support both the population and the local communities that have been affected by this year's hydrometeorological phenomena.He told a press conference held in Radauti Prut that the central and county authorities will make a rapid assessment of the damage caused by the floods, and on this basis the Government will financially support the affected ...
Romania asks for significant funds under resilience plan, 2.5billion euros for irrigation infrastructure
Tuesday, June 30, 2020
Romania will invest 2.5 billion euros to rehabilitate its entire irrigation infrastructure out of 33 billion euros coming from the European Union; 1.1 billion euros will go to the desiccation and drainage infrastructure, and 2.1 billion euros to combat soil erosion, Agriculture Minister Adrian Oros said on Tuesday."We have an investment programme under this resilience plan of Romania. Everyone has wondered what we will do with the money earmarked for the ...
Animal production increased in sheep and goats, poultry in 2019, but decreased in pigs, cattle
Tuesday, June 30, 2020
In 2019, compared to 2018, the weight of animals to be slaughtered for consumption increased for poultry and sheep and goats, while it decreased for pigs and cattle. The wool production increased and the milk and egg production increased in 2019 compared to 2018 The weight of the animals and poultry to be slaughtered for consumption increased by 7.8 per cent for sheep and ...
Infrasructure : Valean ( European Commission) the Comarnic-Brasov highway could be financed from the Economic Recovery Fund Next Generation EU
Tuesday, June 30, 2020
The European Commissionaire for transport Adina Valean, considers that the Comarnic –Brasov highway could be financed from the Economic Recovery Fund Next Generation EU from which Romania could access up to 31.2 billion euro non-refundable.‘It should be seen if the minister of transport has a different idea regarding the financing, as for sure, there are many possibilities. It depends what you think. I think transport should be one of the big ...
Wizz Air adds eight new routes from Bucharest
Tuesday, June 30, 2020
Low-cost carrier Wizz Air announced it is offering eight new routes from Bucharest to Cagliari (Sardinia/Italy), Copenhagen, Bergen (Norway), Hamburg, Karlsruhe/Baden-Baden, Memmingen (Germany), Santorini and Mykonos (Greece); flights to the new destinations are already available for booking for prices starting with 119 lei, the company said in release on Friday.With the new additions, Wizz Air operates flights on 61 routes from Bucharest to 20 countries. ...
Report finds Romanian railway lines in "deplorable to reasonable" state
Tuesday, June 30, 2020
Romanian railway lines are in a state that varies from deplorable to reasonable, their traffic management continues to be done by radio and telephone, and the average commercial speed at which they are run is 30-40 km/h, reveals a recent sustainability and efficiency study of the Romanian railway network, unveiled on Tuesday in a videoconference by the Authority for Railway Reform (ARF).According to the conclusions, the existing signalling systems on the Romanian ...
Another delay for the subway line in Bucharest
Tuesday, June 30, 2020
The subway line serving the residents of Drumul Taberei neighborhood, in western Bucharest, will not open on June 30, as previously announced, transport minister Lucian Bode said. He made this announcement after a visit to the site of the M5 line alongside prime minister Ludovic Orban. Bode avoided announcing a new deadline for the opening of the line, which has seen numerous delays. However, prime minister Orban ruled out the ...
Healthcare: Timisoara's public hospitals to develop a hub of ultra performing oncological therapies
Tuesday, June 30, 2020
The diagnosis and treatment of cancer enters a new phase in Timisoara, where the highest performing therapies, unique in this part of Europe, from Vienna to Istanbul, such as radiosurgery, which uses cyberknife (cybernetic scalpel) or proton therapy, will be introduced in the medical circuit of the three public hospitals in the city.In the absence of an oncology institute, Timisoara will create its own hub designed for cancer patients, and the "Victor Babes" ...
Cars: Romanians, interested in the purchase of used vehicles with a maximum of 37,000 km traveled
Tuesday, June 30, 2020
The Tradus platform was visited in 2019 by 3 million users from the 45 countries where the platform operates and Romanians accounted for 17% of total visits. The interest in used commercial vehicles increased since the beginning of the year, and in the first 5 months of 2020 alone, 2.9 million visits have already been registered, 14% of which were made by users from Romania. The average number of kilometers traveled by the used commercial vehicle is ...
Trade: The deficit of Romania in the commerce with food produce, dropping by almost 9% in Q1
Tuesday, June 30, 2020
The deficit of Romania in the commerce with food produce dropped by almost 9% in Q1 of this year, as compared to the similar period of 2019, down to 440.9 million euro, according to the data presented by the ministry of agriculture and rural development (MADR). In the first three months of 2019, the deficit in the commerce with food produce was 482.83 million of euro. On the relation with the EU, Romania had a deficit of 953.28 million euro in Q1 of this year, but the ...
Romania had in 2019 the lowest prices for food and non-alcoholic beverages in the European Union
Tuesday, June 30, 2020
In 2019, the year before COVID-19 containment measures began to be widely introduced by Member States, price levels for consumer goods and services differed widely in the European Union of 27 Member States (EU). Denmark (141% of the EU average) had the highest price level, followed by Ireland (134%), Luxembourg (131%), Finland (127%) and Sweden (121%). At the opposite end of the scale, the lowest price levels were found in Bulgaria (53%) and Romania ...
Real estate: Analysis: 30% of office area owners expect rent drops by end year
Tuesday, June 30, 2020
30% of office area owners expect to have to drop rent levels by the end of the ongoing year or no later than in the first three months of next year, according to a recent study made by Colliers International, carried out among 60 office owners in Bucharest and regional cities. The study shows that the office market will have to be redefined in the next period, with accent laid on turning offices into an area promoting innovation and collaboration in the new ...
Land and real estate purchases rising in May with fewer transactions than in 2019
Tuesday, June 30, 2020
Purchases of land and real estate increased in May at national level, but transactions are fewer than in the same period of last year, according to a press release of the National Agency for Cadastre and Real Estate Advertising. According to the source, 32,089 houses were sold in May 2020 in Romania, 5,068 more than in April, but the number of houses, lands and apartments sold in May was by 12,367 lower than in the same period of ...
Demand on Bucharest office market halves in Q1
Tuesday, June 30, 2020
The gross volume of office spaces rented during the first quarter (Q1) in Romania dropped to 55,000 square meters (sqm) - half the figures in Q4 and Q1 last year. As the supply strengthened, the vacancy rate on the office segment increased from 7.7% in Q4 2019 to 8.7% in Q1 this year. After a very good 2019, the pace was maintained in the first quarter, and the office buildings completed at the beginning of the year added 78,200 ...
Agriculture: PM Orban assures pork producers of Gov't's availability for measures to support fair farmers
Tuesday, June 23, 2020
On Thursday, Prime Minister Ludovic Orban gave assurances to representatives of the Pork Producers Association in Romania (APCPR) of the entire availability of the Government "for measures to support fair farmers who carry out their activity with the observance of the legal framework and biosecurity norms."According to a post of the Government's Facebook page, the discussions which took place at the Victoria Palace on Thursday, were aimed at this traditional ...
Agricultural products' state reserve should not be used as a market influencer
Tuesday, June 23, 2020
The state reserve of agricultural products should be used only for the purpose for which it was created, and when operations are necessary to change certain quantities of agricultural products from the state reserve, decisions should be taken in such a way that they do not influence the market, said the president of the Romanian Association of Agricultural Products Traders (ARCPA), Vasile Varvaroi, Wednesday night, at a meeting with the press."The state reserve is ...