RSS
Economic
Romania’s IT&C exports in 2018 reach record value of EUR 4.5 billion
Tuesday, March 5, 2019
Romania’s IT&C services exports reached a record value of EUR 4.5 billion in 2018, a 15 percent growth compared to 2017, according to data from the National Bank of Romania (BNR) quoted by http://business-review.eu. Their value exceeded that of the agriculture sectors, where exports are worth EUR 4 billion, ZF.ro reports. The IT&C sector in Romania employs 183,000 people. Compared to five years ago, the sector’s exports have ...
Trade: E-commerce market in Romania to reach EUR 4.5 billion in 2019
Tuesday, March 5, 2019
E-commerce is one of the fastest growing sectors, a market that will exceed EUR 3.5 trillion by 2020, according to the Statista. Romania is no exception, with a market that is constantly developing and rapidly pursuing global trends and estimates of EUR 4.5 billion in value in 2019. “PayU estimates that this year, the Romanian e-commerce market will exceed 4.5 billion euros. Romanian traders must be aware of the new trends, with cross-border ...
Survey: Consumer goods industry rises 6pct in 2018
Tuesday, March 5, 2019
The consumer goods industry rose by 5.7pct in 2018 compared to 2017, the increase being mostly due to inflation, according to a specialist survey.According to Eurostat, the rise in food prices was 4pct last year. Consumption grew slightly but the Romanians did not migrate to higher price segments.From the point of view of purchasing behavior, families in Romania went shopping as often as in the previous year, while the average purchase price increased ...
Infrastructure : TAROM to resume Bucharest-Cairo flights
Tuesday, March 5, 2019
The TAROM SA National Air Transport Company resumes, as of 3 April, Bucharest-Cairo direct flights, a company release informs.TAROM will have two flights per week, with departures and round-trip on Wednesday and Sunday.The prices start at 193 euro for a round-trip, with hold baggage (23 kg) and hand baggage included. This price includes all fees, on-board catering and airport ...
Agriculture : UniCredit Bank providing zero-interest, zero-fee loans to farmers through the European Investment Fund
Tuesday, March 5, 2019
UniCredit Bank is providing loans to farmers under the agreement signed with the European Investment Fund (EIF) through the Fund of Funds Program, a program funded by the European Fund for Agriculture and Rural Development (EAFRD), which aims to facilitate access to finance for farmers and businesses operating in rural areas, a project implemented in Romania through the National Rural Development Program 2014-2020, ...
Healthcare: Eurostat: 82% of Romanians did not go to the dentist în 2017
Tuesday, February 26, 2019
In 2017, nearly four in ten people (38%) in the European Union (EU) went to see their generalist medical practitioner once or twice in the 12 months prior to the survey. A quarter (25%) consulted their generalist practitioner 3 to 5 times, while nearly another quarter (24%) did not go to see a generalist practitioner. 14% reported that they saw their generalist practitioner 6 times or more, Eurostat informs on Monday. At EU level, the frequency of ...
Trade: Over half of Romanians buy clothes online
Tuesday, February 26, 2019
As many as 88% of the Romanians have visited online fashion shops in the first half of 2018, and 66% of them placed orders, according to the somewhat surprising conclusions of Digital Fashion Consumer Trends, published by MKOR Consulting quoted by romania-insider.com. Some 57% of Romanians thus purchased fashion online in the first half of last year, according to the report. However, half of those purchasing fashion items online ...
Agriculture : New meeting of the Chief Veterinary Officers will take place in March
Tuesday, February 26, 2019
The new meeting of the Chief Veterinary Officers (CVO) organized during Romania's Presidency at the European Union Council will take place in March and the main focus will be bio-security as a unitary strategy for the surveillance and protection of animal health in the EU."A new meeting of the Chief Veterinary Officers will take place in March and the topic we have chosen is bio-security in the context of the African swine fever that claims the bio-security ...
Tourism : Ambassador Jabu Mbalula : Around 2,000 Romanian tourists in South Africa, in 2018
Tuesday, February 26, 2019
About 2,000 Romanian tourists visited South Africa in 2018, said on Thursday Jabu Mbalula, Ambassador of this country in Bucharest.Our offer for tourists who want to visit South Africa is very varied, the tourism strategy is well developed and well diversified. (...) Last year, the number of Romanian tourists visiting South Africa was just over 2,000, the Ambassador of the Republic of South Africa told AGERPRES, at the opening of his country stand at the Tourism ...
Ambassador Saranga: Tourists from Israel to Romania, second in number after Germans
Tuesday, February 26, 2019
The tourists from Israel visiting Romania are second in number after those from Germany, with as many as 60 flights per week between Romania and Israel, the Ambassador of the State of Israel to Romania, David Saranga said in the opening of the Tourism Fair's spring edition in Bucharest. If in the past tourists who came to Israel were on a pilgrimage, now we can see young tourists coming, too. I am born in Tel Aviv, I grew up in Tel Aviv and still live in Tel ...
Real Estate: Developers to deliver around 1.2 million square meters of industrial, retail and office spaces in 2019
Tuesday, February 26, 2019
The local real estate market has entered a new year of development on all its major segments, as investors plan to deliver industrial, retail and office spaces with a cumulated area of 1.2 million square meters, a new market record. In comparison, new spaces of around 850,000 square meters were delivered in 2018, according to data from Cushman & Wakefield Echinox. The positive evolution of the development activity comes from the sustained demand ...
Healthcare: Diana Paun about drug advertising: It is difficult to control online information
Tuesday, February 19, 2019
State councillor at Presidential Administration Diana Paun declared, referring to advertising drugs without prescription and food supplements, that it is very difficult to control online information and said a very clear legislative frame was needed. She considers the topic of drug advertising a problem, as it is combining different interests and is in continuous change. According to Paun it is very important to deal with consumer ...
European Regulatory System for Medicines operational as of February 9
Tuesday, February 19, 2019
The European Regulatory System for Medicines (ERSM) became operational in Romania as of February 9, offering patients and all those who are part of the manufacture and supply chain safe access to medicines which are not fake, when faking medicines represents a major problem in EU. According to the European Commission, 400 such cases were reported over 2013-2017 alone. Dan Zaharescu, the president of OSRM said, at a press conference, that every box of medicines sold to ...
Drug sales in Romania, up 13.8% in 2018
Tuesday, February 19, 2019
The total value of drugs sold to patients in Romania incresed by 13.8% in 2018 compared to 2017, to over RON 16 billion (EUR 3.44 billion), at distribution prices, according to the Pharma&Hospital Report by market research firm Cegedim. The sales volume increased by 5.9%, to 612.7 million units, which suggests possible price increases or higher growth rates for more expensive drugs. The pharmaceutical company that ranked ...
OMV Petrom's EUR 10 ml donation for Romania's first pediatric oncology hospital pushes project forward
Tuesday, February 19, 2019
The project of the 'Daruieste Viata / Give Life' Association for the construction of Romania's first Pediatric Oncology and Radiotherapy Hospital will receive a record high 10 million euro sponsorship from OMV Petrom, the energy company's CEO Christina Verchere told a press conference on Friday.We, OMV Petrom, are very proud to contribute to the construction of the first pediatric oncology hospital in Romania. Every child deserves a chance at life, and I was ...
Trade: GfK Temax research : Romania durables' market reaches EUR 3.4 billion in 2018
Tuesday, February 19, 2019
The Romanian durable goods' market has reached EUR 3.4 billion in 2018, up by 13pct against 2017, the telecom sector seeing EUR 1.4 billion, a GfK Temax research published on Thursday reads.The study reveals that the Telecom sector grew by 35pct in 2018. The cell phones' sales lost from their market share, while the smartphones and the phablets benefit from over 300pct growing rates. Moreover, the wearables category is booming (+45pct against Q4 2017), led by the ...
Cars: New car registrations up by 18.8% in January yoy
Tuesday, February 19, 2019
New car registrations increased on January 2019 nu 18.8% against January 2018, up to 13,952 units. The volume of second-hand car registrations, for the first time in Romania, fell by 7.99% in January to 36,126 units. By brands, the highest increases were registered by Dacia by 5,267 units (+45.78%) against January 2018, Renault by 1,231 units (+70.03%), Ford by 995 units (+18.74%), Skoda by 936 units (+3.43%) and Volkswagen by ...
The turnover of the trade with motor vehicles and of the market services provided to the population in 2018
Tuesday, February 19, 2019
In 2018, compared to 2017, the turnover volume of the trade with motor vehicles and motorcycles increased as gross series by 6.7% and the turnover volume of the market services provided to the population increased 5.9%. Compared to the previous month, in December 2018 the turnover volume of the trade with motor vehicles and motorcycles decreased as gross series by 6.9% and increased as adjusted series according to ...
Real estate: C&W Echinox: Office transactions reached 531 million euro in Romania last year
Tuesday, February 19, 2019
Transactions with offices reached a record level in 2018, 20 buildings with a cumulated rentable area of 220,000 sq.m and a value of 500 million euro being purchased in Bucharest alone, according to a report made by real estate consulting company Cushman and Wakefield Echinox. Office buildings were also sold in Cluj Napoca and Timisoara, the overall value of real estate transactions for offices at national level being 531 million euro, representing 55% ...
JLL: Average rate of unoccupied office areas in Bucharest at lowest level
Tuesday, February 19, 2019
The average rate of unoccupied offices in Bucharest dropped last year at a historic low level of 6.6%, compared to 9.2% at the end of 2017, while rents may go up, according to a report issued by the real estate consulting company JLL. The drop appeared on the background of lower development activity compared to the demand of office areas, JLL shows. If we take into account direct transactions between tenants and landlords, the ...