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Economic
Healthcare: Eurostat: 1 in 4 deaths in the EU are due to cancer
Tuesday, November 27, 2018
In 2015, 1.3 million people died from cancer in the European Union (EU), which equated to more than one quarter (25.4 %) of the total number of deaths. Among the EU Member States, the share of the total number of deaths which were due to cancer in 2015 exceeded 30.0 % in the Netherlands and Slovenia. In contrast, less than one fifth of all deaths in Bulgaria and Romania were caused by cancer. At the EU level cancer ...
Agriculture: European Commission approves new protected name for Romanian wine
Tuesday, November 27, 2018
The European Commission approved on Wednesday the registration of the Romanian wine “Insuratei” in the European Product Register of products with “protected origin name”, a press release of the European Executive shows. “Insuratei” wines can be white, red or rose. Grapes must be grown in Braila county, in the Eastern part of Romania and the wine produced in the same ...
Cars: APIA: Sales of new vehicles grew by 20%, in the first 10 months
Tuesday, November 27, 2018
The automobile market in Romania has grown by over 20% in the first ten months of the year, compared to the same period of 2017, to 153,105 new units, according to APIA data. According to the source, vehicle purchases are mainly made by companies, covering 61% of total car purchases recorded in the last 10 months of 2018. At the same time, APIA points out that the number of cars bought by persons is 50,769 units, about 35.5% higher than in the ...
Real Estate: Most CEE investors prefer the office market, but industrial and logistics spaces gain popularity
Tuesday, November 20, 2018
Romania has remained an attractive real estate market for new or existing investors in Central and Eastern Europe (CEE) region, boosted by rising purchasing power and dominated by retail and office space, according to the KPMG Barometer on Real Estate Lending quoted by http://business-review.eu. ”We are seeing a note of optimism in Europe regarding real estate financing projects, which is also found on the Romanian market. This is reflected in ...
EU Faces Affordable Housing Crisis Excluding Young People From Top-Quality Job Opportunities, Says World Bank
Tuesday, November 20, 2018
Inflated house prices and high rents in major cities are damaging the employment prospects for millions of young workers across the European Union, says a new World Bank report. Living and Leaving: Housing, Mobility and Welfare in the European ...
Trade: Study: Half of Romanians choose to buy “Made in Romania” products
Tuesday, November 20, 2018
Half of Romanians (51 percent) choose to buy Romanian products on regular basis, their local preferred products being dairy, meat, fruits and vegetables, a new study suggests. In general, 96 percent of Romanian consumers buy Romanian products often or rarely, 51 percent often buy local products, while 29 percent are always looking for locally produced goods, according to MKOR study conducted in September-October 2018 on 1,067 ...
Analysis: Romania's home appliances retailers' turnover could pass 2-billion-euro mark in 2018
Tuesday, November 20, 2018
The turnover of Romania's home appliances retailers could pass the 2 billion-euro mark this year, amid the increased appetite of the Romanians for Black Friday and Christmas shopping seasons, according to a KeysFin analysis released on Friday."The home appliances retail trade is very well controlled by a few major investors. Thus, although there are over 600 companies nationwide, too few of them manage to compete with the big players. This explains why the number ...
Cars: More than 113,330 new cars registered over Jan - Oct 2018
Tuesday, November 20, 2018
Romania's new car registrations over January - October 2018 reached 113,331 units, up 27.62 percent YoY, while used car registrations over the same period dropped 8.36 percent to 390,411 units, shows data released by the Driving Licenses and Vehicle Registration Department (DRPCIV).According to the cited source, Dacia tops the brands' ranking by the number of registrations over January - October 2018, with 31,207 units, (+26.60 pct YoY), followed by Renault (9,514 ...
ACEA: Diesel vehicle registrations at historical minimum in Europe, but growing in Romania
Tuesday, November 20, 2018
Registrations of diesel cars in Europe are down to a historical minimum, but their number in Romania continues to grow, according to data from the European Automobile Manufacturers’ Association (ACEA). The statistics show that at the European level, the share of diesel vehicles has gone down to only about a third of the market (34.7 percent) – a strong decline, as last year 43.1 percent of the cars were diesel. Petrol engines, on the other ...
Infrastructure : European Commission will finance only half of the subway project to Otopeni Airport
Tuesday, November 20, 2018
The European Commission has decided to finance only half of the construction of the M6 subway line, which is to connect Bucharest to Otopeni Airport. The reasons why the state cannot build the line only with non-reimbursable funds are that the Brussels specialists are dissatisfied with the solutions and deadlines set by the Ministry of Transport. The Government has requested since the end of last year European money for the construction of M6, ...
Agriculture: Eurostat: Romania records third largest growth of agricultural output in the EU in 2017
Tuesday, November 20, 2018
In 2017, Romania’s agricultural output had the third largest growth in the European Union, of over 13 percent, according to data provided by Eurostat. The country has remained the eighth largest agricultural producer in the EU, with a total production value of EUR 17.5 billion, or 4 percent of the EU total. Romania’s crop output had the biggest increase (17.9 percent), followed by animal ...
Telecom.IT : Romania, member of International Telecommunication Union Council
Tuesday, November 13, 2018
Romania, alongside the Russian Federation, Poland, Azerbaijan and the Czech Republic, on Monday was welcomed into the International Telecommunications Union Council (ITU-Council) after 137 of the 179 member states attending the ITU Plenipotentiary Conference 2018 voted in its favour, a press statement released by the National Communications Administration and Regulatory Authority (ANCOM) informs."Romania has garnered the most of votes in the election for the ...
Real Estate: World Bank: Romania, among countries where families buy or rent the most costly homes
Tuesday, November 13, 2018
Romania is among the EU countries where families feel the most costly overhead of renting or buying a home, a study by the World Bank shows quoted by http://business-review.eu. Unjustifiably high housing prices and high rents in large cities affect the employment prospects for young EU workers, say international institution experts. The Living and Leaving: Housing, Mobility and Welfare in the European Union report analyzes how ...
Companies have rented 73.500 sqm of office spaces in Bucharest in 3Q18
Tuesday, November 13, 2018
The office market in Bucharest has reported a total volume of renting transactions of 73,500 sqm in the third quarter of 2018, with the new demand mounting to 20,400 sqm. According to Colliers International, most of the requests came from the professional services and IT&C sectors. „The total rented area, which also includes, besides the effective renting, renegotiated or extended contracts, has stood at about 73,500 sqm, up by 18% as ...
C&W Echinox: 90% of industrial and logistics stock is condensed in cities with highway access
Tuesday, November 13, 2018
Romania’s industrial and logistics market is currently enjoying its best period in history, both in terms of supply and demand, with development being condensed in a number of large cities with access to at least one highway that facilitates the transport and distribution of goods in a shorter time and with lower costs to a larger number of customers, says the Romania Industrial & Logistics Market report by the Cushman & Wakefield Echinox real estate consultancy ...
Cars: Eurostat: Romania, last in the EU as number of cars per 1,000 inhabitants
Tuesday, November 13, 2018
In 2016, there were 258 million passenger cars on the EU’s roads, romaniajournal.ro informs. Car ownership rates were highest in Luxembourg (660 passenger cars per 1,000 inhabitants) followed by Italy, Malta and Finland (all above 600), while there were between 300 and 400 cars per 1,000 inhabitants in Slovakia, Croatia, Latvia and Hungary; Romania (280) was below this range, Eurostat informs. Newer cars tend to be less ...
Electric car registrations in Romania highest in EU, with a 382.5 pct yearly growth
Tuesday, November 13, 2018
In the first three quarters of 2018, Romania recorded the highest percentage increase of electric cars registrations in the EU, of 382.5 percent, from 97 units last year to 468 this year, according to the Romanian Automobile Manufacturers Association. The number of new passenger cars registered in the EU increased from 70,362 units in the first nine months of 2017 to 98,035 units (+39.3 percent) in January-September 2018. In ...
The new registrations of road vehicles in the third quarter of 2018
Tuesday, November 13, 2018
The new registrations of road vehicles for passenger transport increased by 0.3% in the third quarter of 2018 compared to the third quarter of 2017. In the same period, the new registrations of vehicles for goods transport rose by 11.5% compared to the third quarter of the previous year. The number of new passenger car registrations went up by 0.3 per cent in Q3 2018 as ...
Agriculture : Virgin forest area in Romania growing
Tuesday, November 13, 2018
The virgin and quasi-virgin area in Romania will grow by 19% reaching over 25,000 ha, according to data presented by the Ministry of Waters and Forests. This area has exceeded 21,000 ha,and 17,000 ha of forests that have not been included in the National Catalogue of virgin and quasi virgin forests in Romania, are part of UNESCO World Patrimony. The national catalogue had an area of 5,898.92 ha of virgin forests and 15,192.5 ha ...
OIV: Romania had wine production of 5.2 million hl in 2018
Tuesday, November 13, 2018
The world wine production significantly recovered in 2018, Romania having a 21% growth to 5.3 million hl, from 4.3 million hl in 2017, according to estimates of the International Organization of Vine and Wine (OIV). In 2013, Romania had a wine production of 5.113 million hl, after which the production did not exceed 3.7 million hl for the following three years. With a world production foreseen at 282 million hl., on the rise by ...