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Telecom.IT : 5G technology market to reach USD 667 billion by 2026, report says
Tuesday, August 13, 2019
A recent report published by Allied Market Research titled “5G Technology Market by Offering, Connectivity, and Application: Global Opportunity Analysis and Industry Forecast, 2020-2026,” the global 5G Technology market was valued at USD 5.54 billion in 2020 and is projected to reach USD 667.90 billion by 2026, growing at a CAGR of 122.3 percent in this ...
Infrastructure : Runway 2 of Henri Coanda International Airport to undergo overhaul repairs next spring
Tuesday, August 13, 2019
Runway 2 of Henri Coanda International Airport will undergo overhaul repairs next spring, with the contract for its complete restoration having already been signed, worth 107 million lei, the director general of National Bucharest Airports Company (CNAB), George-Alexandru Ivan told a Thursday's press conference."Currently, normal repair are underway on both runways. Now Runway 1 is under repair. A contract was signed a month ago for overhaul repairs on Runway 2. ...
Trade: Share of food and non alcoholic beverages in overall expenses is 2.5 times higher in Romania than EU average
Tuesday, August 6, 2019
The share of food and non alcoholic beverages in overall expenses in Romania is 28%, the highest in EU, 2.5 times over average, according to Social Monitor infographic, a project made by Friedrich-Ebert-Stiftung Romania. Great Britain is at the opposite pole, with only 8% of total. Romania is preceded by Lithuania, 21.6%, Estonia -20.3%, Bulgaria 19.2% and Hungary 18.2%. “It is known ...
In summertime , Romanians order cosmetics and detergents online of 400 lei
Tuesday, August 6, 2019
Deodorants, shower gels and shampoos are products most ordered by Romanians during summer, according to an analysis made by the importer ImportDirect.ro, a hard discount type online retailer. The analysis shows that the average value of an order made by customers from the online store is 400 lei, VAT included. Next to cosmetics, they also buy products from the oral hygiene category, household cleaning products and ...
Eurostat: Romania, ninth among EU’s biggest beer producers
Tuesday, August 6, 2019
Romania ranked ninth among the biggest beer producers in the European Union last year, with a production of 1.8 billion liters, according to the European Statistical Office (Eurostat). With an output of 8.3 billion liters (21 percent of total EU production), Germany was the main producer in 2018, with one in five alcoholic beers produced in the EU coming from this country. Top 9 beer producers in the ...
Tourism : EUR 42 mln to reshuffle Radisson Blu hotel in Bucharest
Tuesday, August 6, 2019
The new owners of the Radisson Blu - Park Inn hotel complex in Bucharest, investment funds Cerberus and Revetas Capital, have brought EUR 42 million for remodeling the complex on Calea Victoriei in downtown Bucharest. They paid EUR 169 mln to take over the complex in 2017. Locally-registered investment vehicle Nemo Investment received an infusion of capital worth EUR 42 million in June, according to data from the Trade Registry. The money will be used ...
Arrivals in Romania's tourist accommodation establishments at 5 ml-plus in H1, down 4.4 pct YoY
Tuesday, August 6, 2019
Compared to the corresponding month of the previous year, the arrivals in the establishments of tourists’ reception with functions of tourists’ accommodation increased by 8.3 %, while the overnight stays increased by 10.9% in June 2019. Compared to June 2018, in June 2019 customs registered an increase in the arrivals of foreign visitors of 15.6 % and an increase of 8.2% in the departures abroad of the ...
Romania is the EU state with the highest share of people who can’t afford a one-week annual holiday
Tuesday, August 6, 2019
Even though an increasing number of Romanians travel either within the country’s borders or abroad every year, especially during the summer, fresh Eurostat data show that Romania is the EU country which had the largest proportion of the population aged over 16 who was unable to afford a one-week annual holiday away from home in 2018 (58.9 percent) – over twice the EU average of 28.3 percent. After Romania, the countries in the EU with the ...
Cars: Tractor imports exceed 230 million euros in first 4 months of 2019
Tuesday, August 6, 2019
In the first 4 months of the ongoing year, Romania imported tractors of 230.462 million euros, on the drop by 3% against the same period of 2018 (237.427 million euros), according to centralized data of the National Statistics Institute. In January 2019, tractor imports amounted to 44.178 million euros, in February 57.862 million euros, in March 69.025 million euros, and in April 59.397 million euros and represented 0.8% of total ...
Romania had its best semester ever for re-registrations of used cars
Tuesday, August 6, 2019
Used cars re-registrations exceeded the threshold of 300,000 units in the first 6 months of 2019, recording the best semester since the beginning of data collection on this segment, according to an analysis conducted by Autovit.ro. The ...
Telecom.IT : Romania cuts starting price for 5G licenses auction
Tuesday, August 6, 2019
The minimum price that the Romanian state expects to get from telecom groups Orange, Telekom, Vodafone, and Digi in the auction for the sale of 5G licenses went down by EUR 420 million, from EUR 1 billion to EUR 580 million, according to the auction requirements put into public debate by the telecom regulator ANCOM, ...
Agriculture: Honey, wine and beef, among Romanian agro-food products that could be exported to China
Tuesday, August 6, 2019
Honey, wine and beef could be among the agro-food products that could be exported to China, the transportation of which from Romania could be done by using the express lane linking China with the European Union, via the Pireu Port.According to a press release of the Ministry of Agriculture and Rural Development (MADR), the Romanian Minister of Agriculture, Petre Daea, on Wednesday received a delegation of the People's Republic of China led by Mrs Jiang Yu, the ...
Meat, fish products' exports up 7.4 pct January through April 2019
Tuesday, August 6, 2019
Romania exported January through April 2019 meat and fish products worth EUR 59.7 million, up by 7.4 pct as compared to the same period of 2018, according to data released by the National Institute of Statistics (INS) Imports of meat and fish products totalled EUR 72.4 million (plus 15.2 pct), thus resulting into a EUR 12.7 million deficit. Out of the total exports of meat and fish products, 98 pct headed for countries of the European Union, ...
Real Estate: Almost 60 pct of potential home buyers opt for new apartments
Tuesday, August 6, 2019
Almost 60 percent of those looking to buy a home opt for new apartments, while old apartments are losing ground in the buyers' preferences, in a market with a growing supply of new housing, for prices that have stabilized, say the analysts of real estate consulting company Imoteca The Residential Experts."The data we collected shows that the prices on the new residential market have remained constant, with an equally steady sales pace. There have been small price ...
Infrastructure: Record traffic at Otopeni and Baneasa airports, Bucharest
Tuesday, August 6, 2019
Bucharest National Airport Company recorded, in the first 6 months of 2019, at Henri Coanda International Airport Bucharest and at Bucharest-Baneasa Aurel Vlaicu International Airport an air traffic of 6.85 million passengers and 69,687 aircraft movements. The number of passengers who transited the two airports in semester 1, 2019, recorded an increase of 8.7% against the same period of 2018, being included in the general European tendency, according ...
Overall goods traffic in Romanian maritime ports grew by 14% in first semester
Tuesday, August 6, 2019
The overall traffic of goods in semester 1, 2019 in Romanian sea ports grew by 14%, reaching 30.74 million tons, compared to 27 million tons in the same period of 2018, the Administration of Maritime Ports Constanta announced. Of the overall traffic recorded, the maritime one was of 23.64 million tons (9.33% increase), while the river traffic was of 7.09 million tons (32.46% increase). “A spectacular traffic ...
Cars: Eurostat:Romania has the lowest motorisation rate in the EU
Tuesday, July 30, 2019
Romania has by far the lowest motorization rate among the 28 European union member states, being the only country with less than 300 passenger cars per thousand inhabitants. According to Eurostat, Romania had 261 cars per 1,000 inhabitants in 2015 – the last reliable figures -, compared with 355 cars in Hungary or 356 in Latvia – the second- and third-lowest rates in the EU. Amongst the EU member states with the ...
Tourism : Romanian tourists prefer, more and more, the green European cities: Oslo, Lisbon and Lahti, the newest preferences
Tuesday, July 30, 2019
The greenest cities in Europe are attracting tourists from all over the world, and the Romanians might look at the opportunity to visit the beautiful treasures that our great continent has to offer. More than a third (37 percent) of Romanians say they would go to a city break in 2019. It is not surprising that most of them prefer, beyond exploring cities and sightseeing, to be able to relax in a peaceful and friendly ...
The Dorna County, the fifth eco-tourism destination in Romania, officially acknowledged by ANT
Tuesday, July 30, 2019
The Dorna County has become the fifth eco-tourism destination of Romania, the only of this kind in Bukovina, officially acknowledged by the National Tourism Authority (ANT).This statute was obtained at the initiative of the Association for Eco-tourism Tara Dornelor (AETD) as a result of the actions undergone in the projects for development and consolidation of the eco-tourism destinations in Romania, financed by Romanian-American Foundation and the Foundation for ...
Agriculture: Jan - April cereal exports up by 15.8 pct YoY
Tuesday, July 30, 2019
Romania's cereal exports in the first four months of 2019 amounted to 716.4 million euro, 15.8 pct up YoY, shows data centralized by the National Institute of Statistics (INS).Imports in the reporting period stood at 161.1 million euro (plus 28.8 pct), resulting in a surplus of 555.3 million euro.Corn exports totaled 391.4 million euro, accounting for 1.7 pct of total exports, while wheat and meslin exports stood at 310.94 million euro (1.34 pct of ...