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Economic
Romania has to reach area of 500,000 ha of certified organic farming by 2021
Tuesday, June 18, 2019
Romania has to reach an area of 500,000 hectares of certified organic farming by 2021, as there are currently around 364,000 hectares and 10,000 registered beneficiaries and the relevant market has increased by some 30pct in recent years, state secretary in the Ministry of Agriculture, Daniel Botanoiu, said."At present we have 364,000 certified hectares and over 10,000 beneficiaries registered in organic farming. In 2021 we must have an area of 500,000 hectares. This Agency for ...
Eurostat: Almost a quarter of Romanians work in agriculture, the highest share in the EU
Tuesday, June 18, 2019
Romanian businesses claim that they struggle to find workers but official statistics may give them a clue where to find new employees. In fact, Romania has the largest share of agricultural employment among the EU member states in 2018, of 23 percent – meaning that almost one out of four employees work in agriculture. “Among the Member States, the share of agricultural employment in 2018 was the highest in Romania (23 percent of total employment), Bulgaria (18 percent), ...
Cars : Over 241,000 new and second-hand vehicle registrations between January-May 2019 in Romania
Tuesday, June 18, 2019
The number of new and second-hand vehicle registrations in Romania reached 241,629 units in the first five months of 2019, out of which over 184,000 units were second-hand, according to the statistics with the Driving Licences and Vehicle Registration Directorate (DRPCIV).According to the data, between January and May 2019, the car registrations dropped by 1.31 percent compared to the same period of the last year.As part of this decrease, the total number of new car ...
Tourism: Almost 444,000 inbound non-resident tourists in Romania spend 1.293 billion lei in Q1 2019
Tuesday, June 18, 2019
• In Q I 2019, the total number of non-residents in collective1 tourist accommodation structures was 443.7 thousands and their total expenditure amounted to 1292.6 million lei. Almost 443,000 non-resident tourists arrived in Romania in Q1 of 2019 and their expenditures accounted for approximately 1.293 billion lei, according to the data published on Friday by the National Institute of Statistics (INS). "The total number of non-resident tourists ...
Foreign tourists spend in Romania by 162.5 mln lei more in Q1 2019 from Q1 2018
Tuesday, June 18, 2019
Foreign tourists spent 1.3 billion lei in Romania in the first quarter of this year, by 162.5 million lei more than in the same period of 2018, informs the Ministry of Tourism in a press release issued on Friday."At the national level, we are at the moment when the current Executive has proven that tourism is a priority sector that can fully contribute to economic growth! For the first time after many years, we launched a new policy of promoting and developing the sector. We have ...
Telecom.IT : World Bank: Romania’s IT sector can contribute to the digital transformation of Europe and surrounding region
Tuesday, June 18, 2019
Romania’s digital sector can contribute to the digital transformation of Europe in its entirety, and especially of the surrounding region, because there is a lot of energy and entrepreneurial spirit in the IT field, said Juan Navas-Sabater, manager of the Digital Development Global Practice department at World Bank. “Digital transformation has reached a point where it is no longer about the introduction of technologies in existing processes, ...
Real Estate: BNR Report: Real estate prices up 0.88 pct in 2018, slowest growth pace since September 2015
Tuesday, June 18, 2019
The price for residential properties reached the minimum growth pace last year, since September 2015, with the annual growth average, in real terms, recorded in December 2018 being of 0.88 per cent, compared with the same period last year, according to the Financial Stability Report of the National Bank of Romania (BNR).In what concerns the credit institutions, the residential properties price saw a marginal growth in the first quarter of 2019, contrary to the expectations of a ...
Prices for ultra-premium residential properties in north Bucharest reach record levels
Tuesday, June 18, 2019
Ultra-premium properties in north Bucharest have reached record prices per square meter, according to an analysis by real estate consultancy firm Imoteca. The current average price of EUR 4,170/sqm has never been recorded before, not even in the real estate boom years before the financial crisis. 47 percent of ultra-premium homes now cost over EUR 4,000/sqm, and some even exceed EUR 7,000/sqm. Fine living (luxury) properties became increasingly popular between 2012 and 2016 ...
Trade: Romania had about 15,000 active online stores in 2018
Tuesday, June 18, 2019
The number of online stores in Romania reached approximately 15,000 in 2018, double the number recorded in 2017, when there were only around 7,000, according to research by online marketing agency Sinaps, reported by economica.net. The most active sectors by size of investment in online marketing campaigns were electronics/IT&C, fashion & beauty, travel, home & deco, books, gifts & flowers, auto & moto. “Many startups begin by investing EUR ...
Infrastructure : Contract signed for the northern railway station-Otopeni Line
Tuesday, June 18, 2019
The contract for the design and execution of the investment objective “Modernization of the line Bucharest Northern Railway Station – Henri Coanda International Airport Bucharest, Phase I: CF connection to T1 Terminal, Henri Coanda International Airport Bucharest” was signed on Tuesday, at the Ministry of Transport. The contract is worth RON 398.16 million, VAT not included. The funding for the design and execution of the direct railway line between Henri Coanda ...
Healthcare: Eurostat: în 2016, 21% of cancer-related deaths due to lung cancer
Tuesday, June 11, 2019
Tobacco consumption is one of the greatest avoidable health risks in the European Union (EU). Many forms of cancer and cardiovascular and respiratory disease are linked to tobacco use. In the 26 EU Member States for which data are available for 2016, around a quarter of all deaths reported were due to cancer. Lung cancer accounted for 21% of all cancer-related deaths. In 2016, the share of lung cancer among all fatal cancers was ...
Infrastructure : Direct trains between Bucharest and Istanbul, Thessaloniki started operating last Friday
Tuesday, June 11, 2019
Direct trains between Bucharest and Istanbul and Thessaloniki started operating on Friday. The summer trains operated by the Romanian state-owned company CFR C?l?tori will run from 7 June to 7 October. The two trains will allow Romanian tourists to access two ...
Romania ranks last in the EU in terms of railway quality
Tuesday, June 11, 2019
Romania ranks on the last place among the European Union member state in terms of railway infrastructure quality, according to Octavian Udri?te, honorary president of Club Feroviar. “We are all trying to convince the authorities to support ...
Tourism : Health tourism: 1.8 ml tourists spent 288 ml euro for treatments & therapies in 2019
Tuesday, June 11, 2019
More than 1.8 million tourists spent about 288 million euro this year on spa treatments and therapies in Romanian resorts; the average price of a health sojourn is 797 lei/person, shows a survey by the Romanian Spa Tourism Employers' Organization (OPTBR) and wellness platform 'despreSpA.ro'.Growth of Romania's health, recovery and prevention market was spurred by travel vouchers.Also, more than 780,000 people spent over 25.9 million euro for ...
Survey: 6 out of 10 Romanians want to leave on holiday by car
Tuesday, June 11, 2019
6 out of 10 Romanians will leave by car this summer, on holiday, and 25% want to go at the seaside, a survey conducted by an online store for auto spare parts and accessories reads. 22.5% of those wanting to use the personal car to leave on holiday want to go in the mountains and 12% intend to travel abroad, AutoEco.ro informs. The auto specialists recommend checks of the car before leaving on holiday, due to the long distances ...
Telecom. IT: ANCOM sets conditions and procedure for 5G tender
Tuesday, June 11, 2019
Tender procedure for granting specter resources available in bands used for implementation of new 5G technology will be completed by October 31, while licenses will be granted until the end of the year, the National Authority for Management and Regulation in Communications of Romania (ANCOM) announced on Friday in a press release. According to ANCOM, the National Table for radio frequency bands will be modified until August ...
Trade: Coface: Luxury items market went up by 5% in 2018, to 1.2 trillion euro
Tuesday, June 11, 2019
The luxury items market went up by 5%, to 1.2 trillion euro, because of the accelerated consumption from China, with a growing middle class, consumers from China covering now 33% of global purchases of luxury items and is foreseen to reach 46% of this market, a Coface study shows. At the same time, prognoses are optimistic for this market, despite the expected global economic recession. According to it, counterfeit products, electronic trade, the ...
Real estate : Customers look for finished dwellings where they can move immediately
Tuesday, June 11, 2019
Customers who are looking for houses are much more attentive, more documented and prefer those which are complete, where they can move immediately, Ahmet Buyukhanli, general manager Cosmopolis, the largest residential complex in Romania declared for News.ro. He pointed out that the north of Bucharest is the area most in demand and remains the best investment for setting up a family, as it is continuous expansion. He said Cosmopolis is “a ...
CBRE: Investments in Romania’s real estate sector hit EUR 117 mln in Q1
Tuesday, June 11, 2019
The volume of real estate investments in Romania, in the first quarter of the year, amounted to EUR 117.5 million, a volume close to the one in Hungary, where the market hit EUR 123 million, but below the Czech, Austrian and Polish markets, according to real estate consultancy firm CBRE. In comparison, Slovakia’s investments totaled EUR 86.5 million in the first three months of the year, while deals in the Czech Republic, Austria and Poland ...
Agriculture: Constanta, Braila and Teleorman counties, most important for sunflower crops in 2018
Tuesday, June 11, 2019
Sunflower yield in Romania was over 3.062 million tonnes last year, on the rise by 149,947 tonnes compared to the previous year. Counties with the highest share were Constanta (9.7%), Braila (8.2%) and Teleorman (7.5%), according to data centralized by the National Statistics Institute. The average per hectare yield grew last year by 124 kg/ha, to 3,041 kg/ha. The area planted with sunflower grew last year in Romania by 0.9% and ...