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Economic
Area of virgin forests in Romania, in dedicated catalogue, increases to 6,947 ha
Tuesday, May 21, 2019
The area of virgin forests in Romania, registered in the dedicated catalogue, grew by 1,048 hectares, up to 6,947 hectares, while quasi-virgin forests, according to the same document, cover an area of approximately 22,116 hectares, the Ministry of Waters and Forestry (MAP) announced in a press release on Tuesday.With the new figures, the relevant ministry states that it has completed a new phase of analysis of the forests of great value in Romania and that it has ...
Tourism : Over 265,000 arrivals of tourists registered in Bucharest in first two months of 2019
Tuesday, May 21, 2019
The number of arrivals of tourists in Bucharest in the first two months of 2019 amounted to 265,160, of which about 96 percent (253,840 arrivals) were arrivals in hotels, according to data centralized by the National Institute of Statistics (INS). As many as 3,114 tourists arrivals were registered in villas, 1,046 arrivals in boarding houses and 50 in motels. The number of overnight stays in the mentioned period was 452,440, of which 428,997 overnight stays ...
Workforce shortage in tourism reaches 150,000 people
Tuesday, May 21, 2019
The workforce shortage in tourism is at 150,000 people at the moment, says Dragos Anastasiu, the vice president of the National Association of Tourism Agencies (ANAT). According to Anastasiu, importing workers from countries such as Nepal or Vietnam is only a short-term solution and does not solve the fundamental problem of the labor shortage Romania is facing. However, labour shortages exist across the entire economy, and ...
Accor and Orbis plan to open 10 new hotels in Romania by 2022
Tuesday, May 21, 2019
Romania is a key market for Accor and its strategic partner in Eastern Europe, Orbis Group. There are 11 hotels operating throughout the country today, under Accor brands: Pullman, Novotel, Mercure, ibis and ibis Styles – and the development pipeline comprises 10 more hotels, that will bring 1450 new rooms to the market by 2022. In 2018, Orbis has reinforced its commitment to the Romanian hospitality by purchasing Mercure Bucharest Unirii for EUR ...
Romanians are looking for holidays on beaches in southern Europe
Tuesday, May 21, 2019
After the cold wave that covered Europe until May, it’s no surprise that Romanian travelers are dreaming of spending a holiday on the beach under the mighty Mediterranean sun: 66 percent of Romanians are planning to spend their holiday at the seaside (compared with 53 percent of international travelers). The free travel search engine momondo.ro asked people around the country about their ideal summer vacation and where they were planning to ...
Infrastructure : The International airport Timisoara – Traian Vuia estimates income growing with 6%
Tuesday, May 21, 2019
The international airport Timisoara – Traian Vuia estimates this year the income will grow by 6% at 55.5 million lei and a net profit of 5.21 million lei, according to a draft of ordnance regarding the budget for income and expenses for 2019 of the company under the authority of the ministry of transport. “The budget for income and expenses for 2019 was drawn up with a growth of total income with 6% and total expenses with 5.95%, the ...
Trade: Romanians use online trade less than the West
Tuesday, May 21, 2019
Alexandru Petrescu, the minister of communications and information society declared in Timisoara, on Tuesday, that although the volume of transactions made by means of online trade went up bhy 30% in Romania in 2018 compared to the previous one, the margin of use is too small compared to Western European practices. For that, laws concerning online trade at EU level should be uniformed. “E-commerce grew in 2018 by 30% in transaction volume, ...
Cars: Motor vehicles and motorcycles trade turnover goes up 19.5pct in March against February
Tuesday, May 21, 2019
Compared to the previous month, in March 2019 the turnover volume of the trade with motor vehicles and motorcycles increased both as gross series by 19.5% and as adjusted series according to the number of working days and to seasonality by 2.2%. The turnover volume of the market services provided to the population, compared to the previous month, increased both as gross series by 9.1% and as adjusted series according to the number of working days and to ...
Telecom.IT: Fixed internet connections, up 7pct in Romania, in 2018; over 10mln mobile connections, 4G
Tuesday, May 21, 2019
The number of fixed internet connections in Romania reached 5.1 million at the end of 2018, 7 percent more than in the previous year, while in the case of mobile internet, 4G connections have exceeded 10 million, an annual increase of 27 percent, according to statistics published on Monday by the National Communications Administration and Regulation Authority (ANCOM).According to the statistical data report, at the end of 2018 the number of 4G connections was 10.1 ...
Telecom.IT : The government plans to launch 5G auction in autumn
Tuesday, May 14, 2019
The Romanian government plans to launch the auction for 5G licenses in autumn, despite higher taxes impose this year to telecom operators, according to telecom regulator (ANCOM) president Sorin Grindeanu. “All this, combined, 5G with the Internet of Things, will lead to a new industrial revolution. Implementing 5G on all market studies will lead to the creation of around 250,000 jobs. We are talking about intelligent industries that will ...
Real Estate: Flats got cheaper last month on lower demand for new dwellings
Tuesday, May 14, 2019
Romanian apartments got cheaper in April, according to a study conducted by Imobiliare.ro. After March, when prices grew slightly, in April claims from apartment sellers declined nationwide. According ...
6,500 residential units in development in north Bucharest
Tuesday, May 14, 2019
Over 6,500 residential units are under development in the northern part of Bucharest and are due to be delivered on the market in 2019-2020, according to a study released by real estate consultant SVN Romania. The majority of this dwellings – approximately 60 percent – are in the Aviatiei-Pipera area, where there are also the most office buildings in Bucharest. Approximately 2,400 new units are due to be delivered in 2019, while another ...
Colosseum Mall signs new tenants
Tuesday, May 14, 2019
Colosseum Centre, located in the north-western part of Bucharest, district 1, has attracted new fashion, leisure and food court tenants, as part of the extension plan of the commercial centre. As the construction work progresses, many tenants are interested to join Colosseum Mall. This trend is sustained by the strong performance of the existing Colosseum Centre which has given brands a great opportunity to develop their businesses in district 1, ...
Cars: New passenger vehicle registrations down 1.1 pct in Q1
Tuesday, May 14, 2019
The new registrations of road vehicles for passenger transport decreased by 1.1% in the first quarter of 2019 compared to the first quarter of 2018. In the same period, the new registrations of vehicles for goods transport fell by 0.2% compared to the first quarter of the previous year. New registrations of passenger vehicles were 1.1 percent down to 149,498 units in Q1 ...
Healthcare: Report: The pharma market in Romania increased by over 13% last year
Tuesday, May 14, 2019
The pharma market in Romania, including drugs with and without prescription registered in 2018 an increase of 13.4% against last year, reaching the level of 3.374 billion euro, according to the data supplied by the company for market research IMS and quoted by Zentiva, one of the main local producer of drugs. According to it, Zentiva had in 2018 an average producer price of 7.84 lei with 4% up against the average of 7.52 lei in ...
Pharmaceutical sales rose by 23 pct in Q1 2019
Tuesday, May 14, 2019
The value of medicines dispensed to patients in Romania rose by 22.8 percent year-on-year in the first quarter of this year up to RON 4.64 billion (EUR 980.6 million), while Merck replaced AbbVie as market leader, according to report released by Cegedim. Drugs related to cost-volume increased by 37 percent and those for cost-volume-result contracts increased by 184.8 percent. The rest of retail Rx (prescription-based medicines) ...
Infrastructure: About a third of roads in Romania are stone or dirt roads
Tuesday, May 14, 2019
According to data supplied by INS, at the end of 2017 Romania had 30,125 km of stone and dirt roads, representing 35% of the whole public road network at national level. At the end of 2018, public roads represented 86,234 km, of which 17,740 km (20.6%) were national roads, 35,085 km (40.7%) county roads and 33,409 km (38.7%) communal roads. 38.4% of modernized roads and 46.6% of roads with light road covering had overdue service ...
Otopeni airport ranks among top 5 worst airports in the world
Tuesday, May 14, 2019
Bucharest’s Henri Coanda International Airport, the biggest Romanian airport, ranks among the top 5 worst airports in the world, with a score of 6.03 out of 10, according to AirHelp.com's latest report. The platform ranked 132 major airports around the world, and the main airport in Bucharest ranked 129th. ...
Agriculture: Over 70% of Romanians would not work in agriculture, but 64% consider that the role of agriculture is an essential or important
Tuesday, May 14, 2019
Even if they believe that agriculture is a major economic sector, more than 70 percent of Romanians say they didn’t want work in this domain, according to a World Vision Romania poll. Also, one-third of Romanians consider that ...
Tourism: Most tourists coming to Romania in Q1 came from Moldova, Bulgaria and Hungary
Tuesday, May 14, 2019
Tourists from Moldova, Bulgaria and Hungary held the biggest share of visits to Romania in quarter 1, 2019, compared to the same period of 2018. At the opposite pole we find visitors from Saudi Arabia, Kuwait and Palestine, according to data released by the National Statistics Institute. According to the country of origin of foreign visitors in Romania, Moldova ranks first for the number of visitors (19.99%), followed by Bulgaria (17.28%), Hungary ...