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Economic
Ionut Leahu: Profit margin in the dental industry is 20 pct
Tuesday, December 3, 2019
The profit margin in the dental industry is 20 pct, but many physicians are paid dividends, said Ionut Leahu, founder and CEO of Dr Leahu Dental Clinics, at the listing event on the Bucharest Stock Exchange (BVB) of bonds issued by Implant Expert DSO.Ionut Leahu said that the entrepreneurs in the field do not have a good financial education and for this reason they do not have a clear situation, they are scared by bank loans, the stock exchange, they have an ...
State of Health in the EU : Romania Has The Highest Death Rate From Preventable And Treatable Causes In The EU
Tuesday, December 3, 2019
Romania has the highest death rate from preventable and treatable causes are among in the EU, reads the latest European Commission report on the State of Health in Romania. “Although it has increased, Romania has among the lowest life expectancy in the EU. This reflects unhealthy behaviours, but also socioeconomic inequalities as well as substantial deficiencies in health service delivery. The Social Health Insurance system provides a ...
Tourism : Arrivals in Romania's tourist accommodation establishments, up 4.1pct in first ten months of year
Tuesday, December 3, 2019
Arrivals reported by Romania's tourist accommodation establishments totaled 11.531 million in the first ten months of this year, up 4.1 pct compared to the same period of last year, informs a press released by the National Institute of Statistics (INS) sent on Monday.During the mentioned period, out of the total number of arrivals, the arrivals of Romanian tourists in tourist accommodation units accounted for 79.7 pct, while the arrivals of foreign tourists ...
Most beautiful ecotourism destinations, promoted on Youtube Discover Eco-Romania
Tuesday, December 3, 2019
The most beautiful ecotourism destinations in Romania will be promoted as part of an initiative entitled "Ecotourism Weeks of Romania", part of a program unfolded as a first in our country, with films presenting these areas to be posted on Youtube channel Discover Eco-Romania."For seven weeks in a row we will show the public a film about the most spectacular, beautiful, full of charm eco-destinations, seen through the objective of nature photographer Mihai ...
Trade: Coface : Dairy And Cheese Manufacturing Sector – Negative Revenue Evolution In 2018
Tuesday, December 3, 2019
Strenghts: Increase of sector profitability from 3,3% in 2017 to 4,3% in 2018 The average duration of debt collection decreased from 68 days in 2014, to 51 days in 2018 More than half the companies (57%) registered an increase of the net ...
Eurostat: Romanians and Bulgarians, the last place in the EU for online shopping, in 2018
Tuesday, December 3, 2019
Online shopping is becoming increasingly popular in the European Union (EU). Consumers appreciate its advantages, such as being able to shop anytime, anywhere, having access to a wider range of products and being able to compare prices easily. 60% of people in the EU aged 16 to 74 shopped online during the year prior to the 2018 survey, compared with 32% in 2008. Although men tend to shop online slightly more than women, the ...
Agriculture : Eurostat: Romania, the eighth agricultural power of the EU in 2018
Tuesday, November 26, 2019
The economic accounts for agriculture show that total agricultural output in the European Union (EU) stood at €434.3 billion in basic prices in 2018, slightly up (by 0.6%) compared with 2017. In 2018, the equivalent of 58.2% (or €252.6 bn) of the value of agricultural output generated was spent on intermediate consumption (input goods and services), while gross value added (i.e. the value of output minus the value of intermediate consumption) was the equivalent of ...
Romania, sixth-biggest wine producer in EU, exports less wine than Denmark, Austria or Bulgaria
Tuesday, November 26, 2019
Romania, one of the biggest producers of wine in Europe and the world, has insignificant wine exports while also being a net wine importer. Romania-Insider.com has looked over the statistics and the findings are not impressive. Romania’s wine production in 2018 reached a record level of 5.1 million hectoliters, which placed it sixth in EU and 13th in the world, according to data from the International Organization of Vine and Wine ...
Healthcare: Eurostat: The EU produced antibiotics worth almost three billion euros last year
Tuesday, November 26, 2019
The European Union (EU) produced antibiotics worth €2 970 million in 2018. Italy was the EU’s biggest producer of antibiotics, accounting for over a third of all antibiotics produced in the EU in 2018 (€1 020 million worth of antibiotics, 34% of the EU total). In terms of trade, the EU Member States imported antibiotics worth €5 030 million in 2018, over half of which (57%, or €2 870 million) came from non-EU Member States. ...
Pharma sector in Romania: Annual growth of 19 pc in september
Tuesday, November 26, 2019
After the world pharmaceutical market, assessed to a global value of 1,300bn USD, came through its latest patent cliff three years ago, it has resumed its sustained growth path, with the global prescription drug market up +5.2% at USD830bn in 2018 compared to 2017, reads a Euler Hermes study of the pharmaceutical sector. This growth was fueled by the upswing of +9% in the number of new medicines launched last year in the US market, especially in the ...
Survey finds COPD affects 8.3 pct of Romania's population aged over 40
Tuesday, November 26, 2019
As many as 8.3 percent of Romania's population aged over 40 suffer from Chronic Obstructive Pulmonary Disease (COPD), found a survey conducted this year by the Romanian Society of Pneumology (SRP) and presented at a press conference on Thursday.The estimated prevalence is slightly up from 2012 (8.13 percent at that time), when the previous SRP survey was carried out.82 percent of the Romanians included in the survey have respiratory issues and 71 ...
Real Estate: Analysis : Brexit could have major effects on Romanian industrial spaces market
Tuesday, November 26, 2019
The UK is the 5th or 6th biggest export destination for both Romania and the country’s major trading partners – Germany, Italy and France, meaning that a negative Brexit scenario would have significant second round effects via Romania’s other trading partners, which conduct a significant amount of business with the UK. According to estimates by real estate consultancy Colliers International, the stock of modern industrial spaces is expected to grow ...
Deloitte 2020 Outlook: Global commercial real estate industry expected to continue growth despite economic volatility
Tuesday, November 26, 2019
Global commercial real estate leaders are optimistic about the industry’s prospects over the coming year, despite global economic volatility, according to Deloitte 2020 Commercial Real Estate Outlook. 76 percent of respondents expect a positive evolution of the industry in the next period. The survey shows that that the tenant experience has become a top priority for most commercial real estate leaders, with a focus on investment in new ...
Trade: Black Friday 2019: Number of online card transactions increases 90 pct
Tuesday, November 26, 2019
The number of online transactions rose by around 90 pct until November 15, 2019, when the majority of economic operators ran the Black Friday campaign, and the average sum spent was approximately 300 RON, a decrease of around 10 pct over 2018, according to an electronic payment processor.The biggest transaction processed by Netopia Payments in the reference period was of around 44,000 RON and was the payment of an order in the home&deco ...
Electronic trade relatively underdeveloped in Romania
Tuesday, November 26, 2019
Electronic trade is relatively underdeveloped in Romania, but the latest aggressive expansion of companies specialized in online sales is eroding commercial margins in the market, affecting mainly small traders, according to the study “Trade in Romania – Report after three decades of changes”, launched by Friedrich Ebert Foundation and Syndex Romania on Friday. “The development of electronic trade in the past decade placed ...
Romanians spend much money online, buying journeys of tourism services
Tuesday, November 26, 2019
More than half of Romanians (56%) buy online products at least once a month, but a lot of money is spent to buy journeys, tourism services and hotel services, according to the study “Electronic trade in Romania”, launched by GPeC and iSense Solutions. The study presents the evolution of the market in the last three years and is representative for the urban area, where the volume of transactions is significant for such a ...
Online vegan sales grew 6 times last year
Tuesday, November 26, 2019
Vegan product sales grew six times last year and 40 times compared to 2017. A 50% increase is expected next year, according to an online food order and delivery website. The five ingredient salad without meat, vegan burger, spinach with curry, chia pudding with peaches and egg plant salad are in the top of food ordered online by website customers. On the average, Foodpanda customers who prefer vegan food choose about 4 types of ...
Eurobaromter: Majority of EU citizens positive about international trade
Tuesday, November 26, 2019
An Eurobarometer survey published on Wednesday by the European Commission shows that 60 percent of Europeans feel that they personally benefit from international trade, 16 percentage points above a similar poll conducted 10 years ago. The survey also revealed that 71 percent of respondents believe that the EU is more effective in defending their countries’ trade interests than these countries acting on their own. The ...
Cars: APIA:Romania's ten-month new automotive sales at 167,400-plus, up 9.3 pct YoY
Tuesday, November 19, 2019
Romania's new automotive sales between January - October 2019 were up 9.3 percent compared to the same period last year, at 167,401 units of which 144,406 cars, according to data released on Friday by the Association of Automotive Manufacturers and Importers (APIA).Used car registrations in the same interval stood at 370,987 units, 5 percent less than in 2018, against the backdrop of an improved age structure that saw the segment of cars more than 12 years of age ...
The turnover of the trade with motor vehicles and of the market services provided to the population in September 2019
Tuesday, November 19, 2019
Compared to the previous month, in September 2019 the turnover volume of the trade with motor vehicles and motorcycles increased both as gross series by 7.8% and as adjusted series according to the number of working days and to seasonality by 3.5%. The turnover volume of the market services provided to the population, compared to the previous month, decreased both as gross series by 6.4% and as adjusted series ...