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Telecom. IT: IT services have contributed to 13.5% business increase
Tuesday, August 20, 2019
Business market services for enterprises registered an increase of 13.5% in the first 6 months of the year, against the same period of 2018, mainly due to IT services which went up by 24%, INS (National Statistics Institute) showed on Wednesday. Over January 1 – June 30, 2019, increases of business figures for: other services supplied mainly to enterprises (+17.2%), transport activities (+9.8%), communications activities (+5.5%), cinema, ...
Survey: Romania's IT and electronics market up 6 percent in Q2
Tuesday, August 20, 2019
Romania's IT and electronics market was 6 percent up in Q2 2019 from the similar period of 2018, at 737 million euro; home appliances and electronics were the best performing sectors, shows a GfK TEMAX survey.The telecom sector advanced by almost 4 percent to 322 million euro, while the large and small appliance businesses performed well, growing by more than 16 percent each, to 155 and 53 million euro, respectively.The sales of electronics increased ...
Healthcare: Reuters: Heavy metal band Metallica donates 250,000 euros for Romanian pediatric hospital
Tuesday, August 20, 2019
American heavy metal band Metallica has donated 250,000 euros to a Romanian association building the country’s first pediatric oncology hospital, they said quited by Reuters correspondent. The donation to Daruieste Viata (Give Life), founded in 2012, came ahead of the band’s sold out concert on Wednesday, its fourth in the European Union state since 1999, the association said on its Facebook page. The donation was ...
Coface Romania research : Wholesale trade of pharmaceuticals, up 4pct in 2017
Tuesday, August 20, 2019
Revenues from the wholesale trade of pharmaceuticals increased by 4pct, at the level of 2017, while the indebtedness of the companies in the field was over 80pct, and 31pct had a degree of negative capitalization, reveals a research drawn up by Coface Romania on the wholesale trade of pharmaceutical products.According to the research, in 2017, over one third of the companies (40pct) made investments, thus recording a positive capital expenditures (Capex) to ...
Cars: Turnover of trade in motor vehicles and motorcycles, up 6.7pct in first six months
Tuesday, August 20, 2019
The turnover volume of the trade in motor vehicles and motorcycles increased, in the first six months of this year, compared to the similar period of 2018, both as gross series by 6.7 pct and as series adjusted according to the number of working days and seasonality by 6.5 pct, say the data published by the National Institute of Statistics (INS) on Tuesday.The turnover of the market services provided to the population increased between January 1 and June 30, 2019, ...
Tourism : Revenues in Romania’s hotel industry increase for the eighth consecutive year as profitability sees spectacular growth
Tuesday, August 20, 2019
Companies operating in Romania’s hotel sector are growing on all levels, according to a study conducted by Termene.ro, a platform providing real-time information about Romanian companies. Total revenues of hotel companies went above RON 5.5 billion in 2018, increasing by 10 percent compared to the previous year and by 18 percent compared to 2016, when they reported revenues of RON 4.66 billion. At the same time, the ...
Real Estate: Real estate investments in Romania reach EUR 410 million in H1 2019
Tuesday, August 20, 2019
The investment volume in H1 2019 amounted to almost EUR 410 million, a 6 percent increase compared to the similar period of last year, when the figure for investment transactions was EUR 386 million, according to Cushman & Wakefield Echinox calculations. At the Central and Eastern European (CEE) level, which includes Poland, the Czech Republic, Slovakia, Hungary, Romania and Bulgaria, the Romanian market attracted around 10 percent of the total ...
Agriculture: Seven new market specialties included on list of Romanian traditional produce
Tuesday, August 20, 2019
The Ministry of Agriculture and Rural Development granted seven additional approvals for traditional Romanian produce from Galati, Caras-Severin and Buzau counties. In Galati, Verdei & Co received approvals for four traditional produce obtained from pork meat coming from their own farms: Ilinca pork fillet, Zamfir pork chops, Ilinca smoked ribs, Ignat pork sausages. Illinca pork fillet is a specific recipe which supposes ...
Agriculture : Official statistics: Romania's national forest stock advances 0.3 pct in 2018
Tuesday, August 13, 2019
At the end of 2018 Romania's national forest stock was of 6.583 million hectares - 27.6 percent of the country's surface, by 0.3 percent more compared to the end of 2017, mainly due to the reforestation of wooded pastures and the introduction in the forest stock of degraded land, shows data centralized by the National Institute of Statistics (INS).Last year, Romania had 6.418 million hectares under forest, with softwood forest covering 1.917 million hectares ...
19.462 mln cubic metres of wood harvested in 2018, by 1.146 mln more than in 2017
Tuesday, August 13, 2019
The volume of wood harvested in 2018 from the state's forest national fund amounted to 19.462 million cubic metres, by 1.146 million cubic metres more than in 2017, according to data centralised by the National Institute of Statistics (INS). By forest species, coniferous represent 36.6 pct of the total volume of harvested timber, beech 33.8 pct, oak 10.5 pct, various hard species (acacia, maple, sycamore, ash, walnut, etc.) 11.3 pct, and various soft species ...
Cars: The new registrations of road vehicles in the second quarter of 2019
Tuesday, August 13, 2019
The new registrations of road vehicles for passenger transport decreased by 0.9% in the second quarter of 2019 compared to the second quarter of 2018. In the same period, the new registrations of vehicles for goods transport fell by 0.1% compared to the second quarter of the previous year. According to the data published on Wednesday by the National Institute of Statistics ...
Over 352,000 vehicles registered in Romania in first 7 months; over three quarters, second-hand
Tuesday, August 13, 2019
The number of vehicle registrations exceeded 352,000 units in the first seven months of the year, up 0.9 percent compared to the same period of 2018, out of this total 73.5 percent being represented by second-hand cars, according to the statistics with the Driving Licences and Vehicle Registration Directorate (DRPCIV).Thus, between January - July 2019, out of the total number of registrations registered in Romania, 258,005 units are second-hand (a decrease of ...
Tourism : Apex opens Hilton Garden Inn Bucharest Airport following EUR 19 million investment
Tuesday, August 13, 2019
Romania's first hotel inside an airport, a 19 ml euro investment, opened this weekend at the "Henri Coanda" International Airport of Bucharest.According to a release from the developer, the Hilton Garden Inn Bucharest Airport has 218 rooms and is intended particularly for the business segment, the airline personnel operating on the Otopeni airport, providing also an accommodation solution for passengers whose flights have been canceled or delayed. The facility ...
Romanians use holiday vouchers to pay for 192,000 overnights in summer 2019
Tuesday, August 13, 2019
Romanians have used holiday vouchers to pay for 192,000 overnights so far this summer season, up 269 percent from 2018, with the Black Sea coast, Prahova Valley, the spa resorts and the main cities being the main attractions, according to data with Travelminit.ro, a hotel reservation platform."While in 2018, Romanians were reluctant to use the holiday vouchers and many of the guesthouses and hotels still did not accept this form of payment, in 2019 are talking ...
Trade: ANPC: The real double standard is lopsided approach against marketing of Romanian products in EU
Tuesday, August 13, 2019
The real double European standard resides in the fact that Romania doesn't have the same chance as other EU countries to put Romanian goods in the EU market, the newly appointed president of the National Consumer Protection Authority (ANPC), Horia Constantinescu, said on Friday."There is a double approach, I will tell you how I see the double standard. The double standard doesn't necessarily refer to products with different characteristics but similar labels, or ...
Real Estate: Developers remain focused on regional cities for new projects or extensions of existing ones
Tuesday, August 13, 2019
The total modern retail stock, which includes both retail parks and shopping centres, has reached approximately 3.7 mln. sq. m in the first half of 2019 and around 130,600 sq. m are expected to be brought on the market by the end of the year, according to the latest research report “Romania MarketView H1” of CBRE, the global and national real estate market leader. The great majority of the retail stock is spread nationwide while Bucharest ...
Bucharest and regional cities driving demand for land deals
Tuesday, August 13, 2019
Investors have been building a land inventory for new projects in the past two years in Bucharest, but deal-making activity is set to remain strong throughout 2019 as there are still land plots available that are suitable for various projects. The biggest land deals in the Romanian capital totaled EUR 280 million last year, a record value for the past decade. In 2017, deals stood at EUR 250 million, according to data by consultancy Crosspoint Real ...
Hagag Development Europe breaks ground for its largest residential project in Romania
Tuesday, August 13, 2019
Real estate developer HAGAG Development, part of HAGAG Group Israel, breaks ground on its largest residential project to be developed in Romania: H Pipera Lake. Out of the total number of 390 apartments to be delivered in the first phase, 45% have already been sold. With a total investment estimated at 90 million euros H Pipera Lake has received the building permit and will be developed under three construction stages, over a plot of land of 57,000 ...
The developers will put on the market 150,000 square meters of commercial space, in the 2nd semester of the year
Tuesday, August 13, 2019
Deliveries of commercial spaces will accelerate in the second half of the year, when approximately 150,000 square meters will be delivered in several cities in the country with new deliveries in Bucharest amounting for 35,000 square meters, according to H1 Romania Retail MarketBeat report, conducted by the real estate consulting company Cushman & Wakefield Echinox. In the first semester of 2019, two extensions of existing shopping centers were ...
BR ANALYSIS. Developers looking to build integrated shopping experiences
Tuesday, August 13, 2019
While Bucharest will see some extensions of existing shopping centers, investors in smaller cities are currently working on modern retail schemes in a bid to tap new pools of consumers. Dozens of new brands are set to launch in Romania this year, while retail operators are boosting their offering of leisure and entertainment facilities for customers. The retail market still has room to grow in Romania, with 275,000 square meters set to be delivered in ...