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Economic
Trade: Goodbye, unjustified geoblocking in EU online trade!
Tuesday, December 11, 2018
Geo-blocking and other geographically-based restrictions undermine online shopping and cross-border sales. Regulation 2018/302 of 28 February 2018 will set an end to unjustified geoblocking. The Regulation started applying as of 3 December ...
Agriculture: Romania's 2018 crops: Cereals at 30-plus ml tonnes, corn and sunflower output at EU top
Tuesday, December 4, 2018
Romania's cereal crop this year was of over 30 million tonnes, as to 27 million tonnes last year, with corn and sunflower outputs topping EU charts, Minister of Agriculture and Rural Development Petre Daea said on Monday."This year's cereal crop exceeds 30 million tonnes. At sunflower we have more than 3.35 million tonnes, placing us on the top position in the EU, with the largest production ever. We still have to harvest 0.5 percent of the surface under corn in ...
Gov't approves establishment of "Unirea" Agri-Food Trade Office
Tuesday, December 4, 2018
The government approved on Thursday the establishment of the Romanian Agri-Food Trade Office "Unirea", a trading company tasked with creating a national mechanism to ensure the purchase, sorting, primary processing, standardization and distribution to domestic or export trade networks of agri-food products, the Ministry of Agriculture and Rural Development (MADR) announced in a release.The new entity is designed to make a pro-active contribution to the ...
Real Estate: Survey: Prices of dwellings will stagnate in 2019
Tuesday, December 4, 2018
The prices of dwellings will stagnate next year, nationwide, in the context that the funds for the ‘first house’ programme will decrease by 25%, whereas the ROBOR Index level will not exceed 3.5%, a survey conducted by RE/MAX Romania, in partnership with imobiliare.ro reveals on Monday. The respondents to the survey on the real estate market in 2019 bring both positive and negative estimates. The analysts anticipate ...
Eurostat: Romanians spend less than most other Europeans on housing
Tuesday, December 4, 2018
Romanians spent last year 22.5 percent of their total consumption expenditure on housing, water, electricity, gas and other fuels, a share significantly lower than those seen in most western European countries, Eurostat data show. In 2017, households in the EU spent over EUR 2,000 billion – equivalent to 13.1 percent of EU’s GDP, on “housing, water, electricity, gas and other fuels”. This represents 24.2 ...
Healthcare: Eurostat: Romania, last in the EU in terms of healthcare spending
Tuesday, December 4, 2018
Romania ranks last in the European Union in 2016 in terms of earmark of the GDP for healthcare (5 percent), while France (11.5 percent), Germany (11.1 percent) and Sweden stand at the opposite pole, the data published on Thursday by Eurostat revealed.By comparison, Bulgaria allocated a share of 8.23 percent of the GDP for healthcare, the Czech Republic 7.14 of the GDP, Hungary - 7.36 percent of the GDP and Poland - 6.52 percent of the GDP.Romania ranks ...
Trade: GfK TEMAX : Romanian durable goods market, up 14pct to 814 mln euro in Q3
Tuesday, December 4, 2018
The Romanian durable goods market rose by 14pct in the third quarter of 2018 compared to the same period of last year, having reached 814 million euro, the growth engines being the telecom sector, which posted a 19pct rise and office equipment, by 17pct, according to GfK TEMAX findings for Romania in Q3 2018.On the other hand, the photo sector continues its downward trend, losing 10pct of its value from July-September 2017.Analyzing the relevant market's ...
Study: Trade supports over 36 million jobs across the EU
Tuesday, December 4, 2018
Two new studies published last Tuesday by the European Commission highlight the increasing importance of EU exports for job opportunities in Europe and beyond. EU exports to the world are more important than ever, supporting 36 million jobs across Europe, two thirds more than in 2000. 14 million of these jobs are held by women. In addition, EU exports to the world generate €2.3 trillion of value added in the EU. Since the ...
Eurostat: Romanians rank last in online purchases at EU level, in 2017
Tuesday, December 4, 2018
Only 23 per cent of the Internet users in Romania made online purchases in 2017, compared with an average of 68 per cent in the European Union, shows the data released on Monday by the Eurostat.The champions of online acquisitions are the Internet users from the UK (86 per cent), Sweden (84 per cent), Denmark, Germany, Luxembourg and the Netherlands (each 82 per cent). The lowest levels when it comes to online purchases were recorded in Romania (23 per cent), ...
Cars: Eurostat: Almost one in three Romanians cannot afford a car
Tuesday, December 4, 2018
In 2017, 7.0% of the EU population could not afford a car. More than 1 in 5 people could not afford a car in Romania (29.8%), Bulgaria (20.6%) and Hungary (20.1%). At the opposite end of the scale, the lowest percentage of people unable to afford a car were in Cyprus and Malta (both 1.7% of total population), followed by Luxembourg (2.2%), Italy and France (both 2.7%), Eurostat informed on Sunday. In regard to Romania, the trend is however downwards ...
Tourism : ibis signs management contract for ibis Politehnica Hotel with Novum Business Services
Tuesday, December 4, 2018
Orbis Hotel Group, strategic partner of AccorHotels in Eastern Europe, has signed a management contract for ibis Politehnica Hotel in Bucharest, scheduled to open in Q3 2020, with its partner and investor Novum Business Services, http://business-review.eu reports. “ibis is the world-leading economy brand that perfectly fits this location because it’s close – on the ...
Infrastructure: Control corps of transport minister: possible prejudice of over 19 million lei at CFR Marfa
Tuesday, November 27, 2018
The Control corps of the transport minister discovered a possible prejudice of over 19 million lei at CFR Marfa following a tender for coal transport. Competent bodies will evaluate whether there was a prejudice for CFR Marfa. The company participated in a tender organised by Oltenia Energy Complex for coal transport. The tender commission presented a single offer although it could make several offers in the interest of the ...
Over 188 million lei, additional costs for Metrorex, for Metro Line 5
Tuesday, November 27, 2018
The Control Body of Transport Minister Lucian Sova found, upon a control conducted August 22-31, 2018, that there are deficiencies in the implementation of the Metro 5 line, that led to delays in carrying out the contract, but also additional costs for Metrorex of over 188 million lei, according to a press release sent by the Ministry of Transport. The Control Body carried out checks at Metrorex aimed at the compliance with the legal and ...
Tarom to introduce flights from Oradea to Milan and Barcelona next spring
Tuesday, November 27, 2018
Starting in March 2019, Tarom will operate flights from Oradea to Milan (Bergamo) and Barcelona (El Prat) and return routes. The company will start selling tickets for both routes on December 15, 2018. The main reason why flight operations can only start in March next year is the length of the procedure to obtain slots for the two new routes. ”We are marking the ...
Telecom.IT: PwC: Romania last in EU for digitalization
Tuesday, November 27, 2018
Romania ranks last in EU for the digitalization of economy and society, said Dorian Farkas, senior manager financial consulting at PwC Romania, at a specialised conference on Wednesday. He presented results of three stages carried out on this topic at world level, Romania ranking last in EU for each of them. “All these studies take into account the human factor and the way in which countries use and adopt digital ...
Eurostat: Romanians rank last in the EU on smart TV use
Tuesday, November 27, 2018
Romania registers the lowest use of smart TVs among the 28 European Union member states for watching internet streamed TV or other video content, Eurostat data show. In 2016, only 3 percent of Romanians streamed TV or other video content on a smart TV. Other nations that register a low use of smart TVs are Greece (3 percent), Poland, Italy and Bulgaria (all 4 percent). “Streaming TV or watching other video content (on ...
Trade: Sales on Black Friday up by 30% this year as against 2017
Tuesday, November 27, 2018
Black Friday shopping event this year has reported a 30 percent increase as against 2017, the Online Stores Association informed, quoted by romaniajournal.ro. Over 5,000 online shops had Black Friday discounts. Most of the sales have been registered on home products, small household appliances, personal care and fashion items, TVs, phones, tyre tracks, toys. Over 70% of the shoppers have chosen for delivery by courier, while 30% ...
Real estate: 53,000 housing units sold in October, 10,000 more than in September
Tuesday, November 27, 2018
52,838 houses and apartments were sold at national level in October, 10,316 more than in September and 9,025 less than in the same period of 2017, according to data of the National Agency for Cadastre and Real Estate Advertising. (ANCPI). Most sale-purchase operations were recorded in October in Bucharest - 8,453, Ilfov county - 4,060 and Timis county - 3,119. Counties with fewer real estate sales were Gorj- 395, Alba - 334 and ...
Real estate market in Romania on the verge of crash?
Tuesday, November 27, 2018
2019 could bring a new real estate crash, specialists warn, arguing the market is already giving signs that the house sales have dropped dramatically in several cities, just like in 2008, romaniajournal.ro informs. Moreover, experts argue that the tighter credit conditions are meant to scare Romanians even more and make them give up the plan to buy a house in installments. In October this year, less over 52,000 houses have been ...
Real estate transactions in Romania at half compared to Hungary
Tuesday, November 27, 2018
The real estate market has been relatively stable since 2014, with an EUR 750 -850 million total transactions value per year, http://business-review.eu informs. The amount is half of the total transactions finalised in Hungary, and a third of the ones reported in the Czech Republic, according to Andrei Vacaru, head of capital markets at real estate consultancy company JLL. Except for the Bridge ...