RSS
Economic
Trade : Eurostat: Romania, EU's ninth beer producer in 2017
Tuesday, August 7, 2018
In 2017, over 41 billion litres of beer containing alcohol were produced in the European Union (EU), 2.5 billion litres more than in 2016. The EU's beer production was equivalent to almost 81 litres per inhabitant. In addition, the EU produced nearly 900 million litres (2 percent) of beer which contained less than 0.5 percent alcohol or had no alcohol content at all, with Romania ranking ninth among the EU beer producers. Germany was the top producer ...
Statistics: Retail trade turnover, up 6.5 percent during first 6 months
Tuesday, August 7, 2018
The turnover from retail trade (except for trade with motor vehicles and motorcycles) went up, during the first 6 months of this year, as raw series, by 6.5 percent, due to increasing sales of non-food products (+7.4 percent), to sales of food products, beverages and tobacco (+7 percent) and the retail trade of automotive fuel in specialised stores (+4.4 percent).According to a press release sent on Friday by the National Institute of Statistics, as series ...
Survey : Romania's modern retail market at an estimated 17 - 20 bln euro
Tuesday, August 7, 2018
Romania's modern retail market stands at an estimated 17 - 20 billion euro, following the surge in consumption by more than 10 percent in 2017, experts consider. According to a market survey by Euler Hermes, the retailers' territorial expansion also contributed to business growth, as more than 350 new stores opened in 2017, mostly in rural areas. Profi is for the second year in a row spearheading expansion with almost 200 newly opened stores for all formats, ...
Healthcare: Medical and pharmaceutical products import/export in the first four months of 2018
Tuesday, August 7, 2018
Romania exported in the first four months of 2018 medical and pharmaceutical products worth 262.2 million euro, a value by 2.1pct higher than that in the same period of last year, according to the data centralized by the National Institute of Statistics (INS).On the other hand, the imports of medical and pharmaceutical products amounted to 920.6 million euro, 3.6pct higher compared to January-April 2017, thus a deficit of 658.4 million euro on this segment was ...
Tourism: Gov't adopts normative act on protection of travel packages according to European Directive
Tuesday, August 7, 2018
The Government adopted on Thursday a normative act on protecting travel packages, in full compliance with the European Directive in this field, Prime Minister Viorica Dancila made the announcement, while specifying that the "tourists must be protected.""An important normative act that we are going to adopt today concerns the protection of the travel packages in full compliance with the European Directive in this field. We started from the idea that the tourists ...
Statistics: Over 5.2 mln arrivals in Romania's tourist accommodation units in H1
Tuesday, August 7, 2018
More than 5.2 million arrivals were registered in the Romanian tourist accommodation units in the first six months of this year, up 4.1pct compared to the same period of last year, 75.8pct being arrivals of Romanian tourists, according to the data released by the National Institute of Statistics on Friday.Among foreign tourists, most arrivals are from Germany (144,700), Israel (120,200) and Italy (112,500).Overnight stays in tourist accommodation units ...
ibis Styles Bucharest Erbas opened on July 23
Tuesday, August 7, 2018
The ibis Styles Bucharest Erbas, located on 27 Capitan Alexandru Serbanescu St., at the very heart of the Romanian capital’s business district, has opened its doors on July 23rd. The hotel has 80 design rooms, personalized with skilfully selected decor elements, which are as much about function as style. Part of the brand’s all inclusive concept, guests enjoy free Wi-Fi and all-you-can-eat breakfast in the hotel’s restaurant. In addition, the hotel features ...
Tourism: WTTC foresees higher profits in Romania this year
Tuesday, July 31, 2018
In 2017, Romania made investments of 15.3 billion lei in tourism, the equivalent of 8% of overall investments in the country, ranking 38th in the world, before Greece, Hungary, Czech Republic, Bulgaria or Slovakia, according to centralized data of World Travel & Tourism Council (WTTC). In 2018, a slight increase of investments in tourism are estimated, up to 8.1% of overall investments in the country. This increase will bring profits, 6.6% higher ...
Value of holiday vouchers reaches record level of 125 million euro, in June 2018
Tuesday, July 31, 2018
The value of holiday vouchers has reached a record level of 125 million euro in June 2018, by 42 times larger than the value of June 2017, when they were worth 3 million euro, the growth being boosted by these extra-wage benefits being granted to employees in the public sector, the National Association of Travel Agencies (ANAT) informs.As a matter of fact, in June alone, the value of holiday vouchers is 4 times larger than the entire period of 2017, which was 30 ...
Medical tourists spent EUR 5.7 million in Romania in Q1 2018
Tuesday, July 31, 2018
Romania’s cheap medical services attract foreign citizens, who also spend significant amounts of money during their trips for accommodation, restaurants, or gifts, http://business-review.eu reads. Individuals who travel to Romania for medical treatment spend RON 4,100 (EUR 883) on average, according to the National Institute of Statistics. Churches and monasteries also attract foreign visitors, who spend ...
The Spa market in Romania, estimated at over 23 million euro
Tuesday, July 31, 2018
The spa market in Romania increased last year with approximately 10% at 23.1 million euro,according to the estimates of Travelle-Wellness Escapes. In 2016 the turnover of the spa market in Romania was of approximatey 21 million euro,out ofwhich 12.4 million euro from access to spa, swimming pools areas,sauna and other facilities. The rest of 8.4 million euro represents the equivalent of the 241.316 treatments spa made by 175,560 ...
The industry of events brings to Romania almost 500 million euro/year
Tuesday, July 31, 2018
The industry of events (meetings, incentives,conventions and exhibitions – MICE) brings directly to Romania almost 500 million euro annually, sums still small if we compare to the neighbouring countries, but constantly growing, stated Traian Badulescu tourism consultant. According to the statistical report ICCA (International Congress and Convention Association) on 2017, out of the 70 events, the majority took place in Bucharest ...
Orbis confirms agreement for a 3-star Ibis hotel in Timisoara
Tuesday, July 31, 2018
Orbis Hotel Group has confirmed the agreement with the Cristescu brothers in Timisoara for the management of a new 3-star Ibis hotel that will be developed in the city, http://business-review.eu ...
Trade: Romania’s online shopping rates among the lowest in Europe; most prefer to pay on delivery
Tuesday, July 31, 2018
The high number of people who own a smartphone and their improved internet access has led to a growing number of Europeans who use their smartphone to maintain their relationship with their banks, for either shopping or payments, http://business-review.eu informs. For example, the share of people in Europe who use their phones for banking has increased from 48 to 61 percent in the past year, according to an ...
Exported clothing and accessories worth 831.8 million euros in the first four months of 2018
Tuesday, July 31, 2018
Romania exported clothing and accessories worth 831.8 million euros in the first four months of 2018, an amount 4.7% lower than that of the similar period in 2017, according to data centralized by the National Institute of Statistics (INS).Imports of clothing and accessories amounted to 528.1 million euro, 11.9% higher than in the previous year, with a surplus of 303.7 million euro being registered in this segment.In the first four months of 2018, FOB ...
Infrastructure: Analysis: Railways in Romania face unprecedented challenges
Tuesday, July 31, 2018
The railway system in Romania faces unprecedented challenges, in the context of applying the Fourth Railway Package by mid June 2019. In case the package is not efficiently managed there is the risk of losing competition at European level, as it will be impossible to compete against present or future players in the market, powerful from the economic point of view, experts in railway safety consider. According to Sorin Catalin Hanci, an expert in ...
Number of passengers transiting through Bucharest-based airports up 7 pct in H1
Tuesday, July 31, 2018
The number of passengers having transited through the Henri Coanda and Aurel Vlaicu airports in the Capital City increased by 7.08 per cent in the first half of the year compared with the same period last year, according to a release of the Bucharest Airports National Company sent on Thursday.Thus, there were 6.34 million passengers and 64,815 landings and take-offs recorded on the Bucharest-based airports, out of which Henri Coanda airport recorded 6.33 million ...
Agriculture : The value of agricultural production increased by 12.5% in 2017
Tuesday, July 31, 2018
• In 2017, the agricultural production value increased by 12.5% compared to the previous year. • The crop production increased by 19.5%, while the animal production decreased by 0.4% and the agricultural services by 1.0%. The value of the agricultural production increased in 2017 by 12.5% compared to the previous year, reaching 78.494 billion lei, the National Institute of Statistics (INS) ...
Health: Generic medicine producers request different clawback tax
Tuesday, July 31, 2018
The Association of Generic Medicine Manufacturers sent an open letter on Wednesday to the leaders of the ruling coalition, Liviu Dragnea and Calin Popescu Tariceanu, requesting the application of a different clawback tax to prevent the disappearance of cheap treatments from pharmacies. “The situation is really desperate. Thousands of cheap medicines disappeared from the market or are very hard to find,” the letter ...
Trade: e-commerce market value to exceed EUR 3.5 bln this year
Tuesday, July 24, 2018
The value of the electronic commerce will exceed EUR 3.5 billion this year, according to retailers estimates, an significant increase from last’s year EUR 2.8 billion. The growth will be supported by the development of platforms that groups several stores into an online shop, called online marketplace. The e-commerce online store in Romania, doraly.ro, has invested in all the facilities needed to accommodate 550 ...