Economic
Trade: The watches market of Romania could grow up to 10% this year
Tuesday, July 10, 2018
The watches market of Romania reached last year the value of approximately 80 million euro and the advance of this year is estimated at 5-10% stated for News.ro the general manager of the retailer WatchShop.ro, Dragos Diaconu. He said that the Romanians have become,over the last years more attentive to season and they are interested to follow the trend when they acquire watches, trends which are observed in the case of ...
Eurostat: Romania, second largest retail growth rate among the EU states in May
Tuesday, July 10, 2018
Romania had the second biggest growth of retail trade, 7.1 percent, in EU in May 2018, compared with May 2017, after Hungary’s 7.7 percent, http://business-review.eu informs. In May 2018 versus April 2018, retail trade rose 2.1 percent in Romania, the sixth position in EU, after Portugal (4.7 percent), Latvia (3.4 percent), Slovenia (3.1 percent), Estonia and Belgium (2.9 percent). Decreases were ...
The fish market will reach EUR 380 million in 2018, at 7 kg consumption per capita yearly
Tuesday, July 10, 2018
The local fish market recorded an increase of about 10 percent in the first half of 2018 compared to the same period in 2017, and the current year will end with a higher sales figure of another 10 percent, according to estimates by representatives Alfredo Seafood, a Romanian fish and seafood brand. Thus, the local fish and seafood market would reach almost EUR 380 million, slowing towards 2017. “2018 brought a ...
Infrastructure : Tarom will launch direct flights to Odessa, Tbilisi, Baku and Erevan this summer
Tuesday, July 10, 2018
Tarom analyses the launching of new routes over the next months and announces investments in the development of the fleet. The general manager of the company Werner Wolff stated in an interview for News.ro that Tarom will launch direct flights to Odessa, Tbilisi, Baku and Erevan before autumn, most probably, and has negotiations to buy another five aircraft. Moreover, another 13 aircraft will join the company fleet most probably next year. Tarom ...
CFR company needs EUR 12.2 bln for investments in infrastructure
Tuesday, July 10, 2018
Romania’s state railway company CFR needs EUR 12.2 billion for investments according to the strategy for developing the national rail infrastructure between 2018 and 2022, which is now up for debate. The document underlines the decline in rail passenger and freight traffic in the last 30 years and the progressive degradation of the local railway infrastructure due to insufficient financing, ...
Romania, Greece, Serbia and Bulgaria agree to a common transport ring including railways, ports and motorways
Tuesday, July 10, 2018
Romania, Bulgaria, Greece and Serbia have come to an agreement for a common transport ring that will include railways, ports and motorways, http://business-review.eu informs. A new company will be established to make the projects a reality, according to announcements made in a meeting in Salonic, according to Bulgarian website Trud. The Bulgarian PM, Boiko Borisov, said that there ...
Wizz Air launches new route from Cluj-Napoca to UK
Tuesday, July 10, 2018
Wizz Air has announced on Thursday a new route linking Cluj-Napoca (central Romania) to UK, precisely to Birmingham, which thus becomes the third city in Great Britain that will be directly connected to Cluj, after London Luton and Doncaster/Sheffield. As of December 2018, the number of weekly flights from Cluj to UK will mount to 23. Overall, Wizz Air operated flights from Cluj-Napoca to 36 destinations in 18 ...
Agriculture : The ministry of agriculture: the pike roe salad of Tulcea has received national protection
Tuesday, July 10, 2018
The produce pike roe salad of Tulcea has received national protection of the systems in the domain of quality, according to European and national legislation, shows a press release sent on Friday by the ministry of agriculture and rural development (MADR). ‘The right of use of the national logo as well as the right to trade produce of class 1.7 fish, moluscs, and fresh shellfish and produce derived under the name of Pike Roe ...
Romania grain exports in 2017-18 to increase 10%
Tuesday, July 10, 2018
Driven by corn and barley, Romanian grain exports are estimated to increase by 10% during the 2017-18 marketing year, according to a July 5 Global Agricultural Information Network (GAIN) report from the Foreign Agricultural Service of the U.S. Department of Agriculture,world-grain.com informs. Corn exports increased by almost 40% during the first half of 2017-18, following the previous year’s bumper crop, the USDA said. Exports to Spain, ...
Real Estate: BNR vice-governor: Romania is not far from the threshold of 6% as regards risks on the real estate
Tuesday, July 10, 2018
Romania has not surpassed the warning threshold of 6% as regards the real estate market but we are not far from it, drew the attention on Thursday in a specialty conference Liviu Voinea, the vice-governor of BNR.‘Last year, the European Committee for Systemic Risk issued warnings to a number of eight countries regarding the risks on the real estate market. This happened because they surpassed for several years the ...
ECB study: Romanian residential market, the most underestimated in EU
Tuesday, July 10, 2018
In 2017, the Romanian residential market is the most underestimated in the EU, says the European Systemic Risk Board, a study of the European Central Bank (ECB), http://business-review.eu informs. And the shift is radical, given that the 2007 study showed that the Romanian market was one of the most overrated in the bloc. ”In the case of the overwhelming majority of the Romanians, residential ...
Apartment prices down 1.2 pct this June to national average of 1,200 euro per sqm
Tuesday, July 10, 2018
Apartment prices dropped 1.2 percent this June to a national average of 1,200 euro per square meter, just 3.1 percent higher than the figure recorded at the beginning of the year, which shows that the real estate market is about to enter a stabilization phase, found a survey by real estate portal Imobiliare.ro released on Thursday.For comparison, the national average increase for apartment prices was 6.7 percent in H1 2017 (to 1,120 euro per sqm). Brasov witnessed ...
JLL’s GRETI: Romania, among the transparent real estate markets
Tuesday, July 10, 2018
Romania remains in the category of transparent real estate markets, ranked 29th in Global Real Estate Transparency Index 2018 (GRETI) by JLL, which analyzes 100 countries in the world, http://business-review.eu informs. The country belongs to the category of transparent markets, along with other countries like Switzerland, Austria, Denmark, Italy, Poland, Czech Republic, Slovakia or ...
Tourism : The tourists’ overnight stays in the establishments of tourists’ reception increase 5.4pct in May 2018
Tuesday, July 10, 2018
Compared to the corresponding month of the previous year, both the arrivals and the overnight stays in the establishments of tourists’ reception with functions of tourists’ ...
Infrastructure : Metrorex planning new subway line worth EUR 1.12 bln in Bucharest
Tuesday, July 3, 2018
A special committee of Metrorex, the operator of the subway network in Bucharest, approved a prefeasibility study for the fourth line Lac Straulesti – Gara Progresul, with the segment Gara de Nord- Gara Progresul. The new subway line would have a length of 11 km, 14 stations and a depot. The estimated cost for development stands at EUR 1.12 billion. The feasibility study will have to be carried out next and it should be done by the second half of ...
Wizz Air introduces four new routes from the Romanian Capital
Tuesday, July 3, 2018
Wizz Air has allotted the tenth aircraft to Bucharest while celebrating 11 years since the inauguration of the airbase in Bucharest. The low cost airline also announced four new routes launched this year, with flights from Bucharest to Athens, Gothenburg, Nice and Kutaisi (Georgia) Market leader in Romania and the entire Eastern Central Europe on the low cost segment, Wizz Air has assigned the cutting edge 230-seater Airbus A321 aircraft to operate on ...
Cars: ACEA: New commercial vehicle registrations rise by 4% in January-May
Tuesday, July 3, 2018
The number of new commercial vehicle registrations in Romania increased by 4% to 10,575 units in January-May compared to the same period last year, according to data of the Association of the European Vehicle Producers (ACEA). The rise was slightly below the 4.1% average growth in the EU. The commercial vehicle registrations dropped by 9.8% to 2,253 in May alone. The increase in January-May was ...
Eurostat: În EU, the lowest number of cars per 1 000 inhabitants were recorded in Romania - 261 cars ( 2015 data)
Tuesday, July 3, 2018
In 2016, the EU had on average 505 cars per 1 000 inhabitants. Among the Member States, Luxembourg topped the list with 662 cars per 1 000 inhabitants, followed by Italy (625 cars), Malta (615 cars), Finland (604 cars) and Cyprus (595 cars). At the other end of the scale, the lowest number of cars were recorded in Romania (261 cars: 2015 data), Hungary (338 cars), Latvia (341 cars) and Croatia (374 cars) Eurostat ...
Tourism: European Commission: Better protection for 120 million holidaymakers this summer
Tuesday, July 3, 2018
As of Sunday, July 1, travellers booking package holidays enjoy stronger consumer rights, the new European Union rules read, romaniajournal.ro reads. Not only will traditional package holidays be covered, the new rules will also protect consumers who book other forms of combined travel, including self-customised packages, where the traveller chooses different elements from a single point of sale online or offline, a release posted on the European ...
Eurostat: 76% of Romanians don’t go on holiday
Tuesday, July 3, 2018
Over three quarters of Romanians (76%) didn’t take a tourism trip for personal purposes in 2016, the highest share of all EU member countries, according to statistics released by the European statistical office Eurostat. The main reasons for the low participation in tourism are financial constraints, invoked by 55.3% of Romanians, work or study commitments (13.1%) and health reasons (12.8%). High shares of population not ...