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Economic
Real Estate: Fribourg Capital: Only a 5 percent drop in prices or consumption will lead to a crisis in the real estate sector
Tuesday, June 26, 2018
Investors in the real estate sector should have a long-term vision because a crisis in looming in the market, suggested Ion Sturza, president of Fribourg Capital quoted by http://business-review.eu. Sturza, who developed the office project Liberty Technology Park in Cluj, said that he would “take a 3-4 year break from investments and developments now, because a new crisis is coming but we don’t see it ...
Tourism : Ex-Tourism minister: Romania risks infringement for not implementing EU tourism legislation
Tuesday, June 26, 2018
Romania’s former Tourism minister, Mircea Dobre, wrote on Facebook on Sunday that Romania risks being subject to infringement because it has not implemented European legislation in tourism and, implicitly, not transposing the EU Directive for guaranteeing tourist services packages acquired by individuals, http://business-review.eu informs. Dobre wrote: “In November and December 2017 we publicly ...
Healthcare: Study: Romania has no separate fund for innovative medicine
Tuesday, June 19, 2018
In Romania,even if there was important progress over the latest years, the policies regarding medical and pharma assistance tries to balance efficiently the access, the expenses and the efficiency of the costs – it is one of the conclusions of the study’ The options for the financing of medical assistance and drugs in Romania’ presented on Monday by Local American Working Group and made by Economist Intelligence Unit. According ...
Real Estate: Half of Romanians live in overcrowded households
Tuesday, June 19, 2018
Almost half of Romanians (48.4%) lived in overcrowded households in 2016, the highest share across all 28 European Union member states, according to a Eurostat report quoted by romania-insider.com. Overall, in the EU, 16.6% of the population lived in overcrowded households, meaning they did not have the number of rooms appropriate to the size of the household. Meanwhile, more than a third of EU citizens (34.8%) lived in ...
CONSTRUCTION WORKS down 2.7pct IN APRIL 2018
Tuesday, June 19, 2018
Compared to the previous month, in April 2018, the volume of construction works decreased, as gross series, by 3.1% and, as adjusted series according to the number of working days and to seasonality, by 1.1%. Compared to the corresponding month of the previous year, the volume of construction works fell both as gross series and as adjusted series according to the number of working days and to seasonality, by 4.1% ...
Tourism: 480.3 thousands non-resident tourists arrived in Romania in the first quarter of 2018
Tuesday, June 19, 2018
• In Q I 2018, the total number of non-residents in collective tourist accommodation structures was 480.3 thousands and their total expenditure amounted to 1130.1 million lei. The total number of non-residents accommodated in collective tourist accommodation establishments in the first quarter of 2018 stood at 480,300, while their expenses amounted to 1,130.1 million lei, the National Institute of Statistics (INS) informed on ...
Romania to reopen tourism promotion offices abroad
Tuesday, June 19, 2018
The Romanian Tourism Ministry is currently working on re-establishing tourism promotion offices abroad, according to tourism minister Bogdan Trif, quoted by romania-insider.com. Romania is to have more such offices than before, including on the Asian market. Romania’s tourism promotion offices abroad, which promoted the Romanian tourism abroad and attracted foreign tourists to ...
Cars: DRPCIV: Over 197,000 used cars registered until May in Romania
Tuesday, June 19, 2018
The registrations of used cars dropped by over 8pct in the first five months of the year, to 197,010 units, compared with the same period in 2017, when there were about 215,000 registrations, show the statistics of the Driving License and Vehicle Registration Department (DRPCIV).On the other hand, in the first five months of the current year, new car registrations increased by 29.34pct over the same period of the previous year, to 47,827 ...
Statistics: Trade of motor vehicles, services to the population advances in Romania, Jan.-April, 2018
Tuesday, June 19, 2018
Wholesale and retail trade, maintenance and repair of motor vehicles and motorcycles in Romania, unadjusted series, increased by 9pct in the first four months of 2018, while services provided to the population posted an increase of 6.8pct, according to the National Institute of Statistics (INS)Adjusted for working days and seasonality, the increase was 10.5pct.Market services provided to the population, unadjusted series, were 6.8pct over the same period in ...
Approximately 48,000 new cars registered in first five months
Tuesday, June 19, 2018
Approximately 48,000 cars were registered in Romania, in the first 5 months of the year, up 30 percent than in the same period of 2017, while used car registrations dropped by 8.08 percent, to up to 197,010 units, according to the Office for Driving Licences and Vehicles' Registration in Romania (DRPCIV).According to the statistics, during the period of January 2018 - May 2018, the most demanded brands were : Dacia - 12,591 units (+39.30 percent), Ford ...
Telecom.IT : Telekom Romania launches Cloud Backup service
Tuesday, June 19, 2018
Telekom Romania has introduced its ‘Cloud Backup’ service for enterprise customers, telecompapr.com informs The Telekom Cloud Backup service leverages Veeam Cloud Connect technology and covers a range of enterprise backup scenarios. The Telekom Cloud Backup platform is designed to protect PCs, laptops, as well as servers running Linux or Windows OS. Company data is automatically saved on a backup platform deployed in the secure data centers ...
Agriculture : Wheat exports to the 3rd countries are 4% below 5-year average
Tuesday, June 19, 2018
According to official data, over July-March 2017/18 Romania exported 4700 KMT of wheat, which was 23% lower than over the same period last season. In 2016/17 total wheat exports were record high – 6700 KMT. Over June-March 2017/18 exports to extra-EU destinations reached 3223 KMT against 5040 KMT y/y (-36%). It should be noted that export pace to the 3rd countries is 4% lower than 5-year average for Romania despite record high wheat ...
Organic farming area in Romania, almost five times below EU average
Tuesday, June 19, 2018
Romania has 1.67 percent of its total utilized agricultural area (UAA) under organic farming, while the average in the European Union stands at 6.69 percent, according to Eurostat, the statistics office of the EU, business-review.eu informs. As of 2016, Romania had 225,450 hectares of utilized agricultural area based on organic farming. This indicator takes into account ...
Traditional product Telemea de Sibiu gets national protection
Tuesday, June 19, 2018
The traditional product Telemea de Sibiu (Sibiu Cheese) has received the national protection of quality systems in accordance with European and national legislation, the Romanian Ministry of Agriculture announced, romania-insider.com informs. Thus, the right to use the national logo as well as the right to sell products with the name Telemea de Sibiu “belong exclusively to ...
Infrastructure : Tarom planning long-haul flights to China, US starting next year
Tuesday, June 19, 2018
Romanian state airline Tarom is planning to introduce long-haul flights next year, first to China and later to the United States, according to CEO Werner Wolff, business-review.eu reports. Last year, Tarom announced that it was starting the process to acquire three planes for these types of flights with a flight range of at least 9,639 km and a capacity of at least 225 seats. The company has not had any long ...
50% of passenger cars and 71% goods cars had, at the end of 2017, wear and tear period exceeded
Tuesday, June 19, 2018
Half of passenger cars on inventory on December 31, 2017, had the normal period of wear and tear exceeded. In case of goods cars, the percentage was 70.7%, according to centralized data of the National Statistics Institute. There were 3,894 passenger cars on inventory at end of 2017, of which 3,817 cars on normal gauge (98%) and 77 narrow gauge (2%). Normal gauge cars included 3,340 cars. Of all registered passenger cars, 1,921 (49.3%)had the wear and ...
Agriculture: Slaughtering of animals and poultry and meat production in April 2018
Tuesday, June 12, 2018
• Compared to March 2018, in April 2018 the slaughtering and the carcass weight increased for cattle and sheep and goats and decreased for pigs and poultry. • Compared to April 2017, the slaughtering decreased for cattle and pigs and increased for sheep and goats and poultry; the carcass weight decreased for cattle, pigs and sheep and goats and increased for poultry. Meat production of beef, sheep ...
Prospects of corn production and exports in 2018/19
Tuesday, June 12, 2018
According to the May forecast of European Commission, in 2018 EU corn seeding area is going to increase year over year by 1.2% to 8490 Th ha compared to last year. Area is expected to rebound in Spain after severe drought in summer 2017 and higher seeding prospects are envisaged for Romania and Hungary, which export corn to the third countries. As for France, which is the top exporter of corn to the domestic market of EU, seeding area is going to remain stable due to less ...
Healthcare: Romania’s pharmaceutical market sees 6.6 pct growth in Q1 2018
Tuesday, June 12, 2018
According to results of the Pharma & Hospital Report, Cegedim estimates that in the period between April 2017 and March 2018, the volume of medical drugs sold to patients in Romania went up to 588.2 million packs, a 6.3 increase compared to the previous 12 months, and the number of treatment days also increased by 7.7 percent, business-review.eu informs. The value of medicines distributed to Romanian ...
Tourism: Israel in Top 5 of travel destinations of Romanians
Tuesday, June 12, 2018
Romanian tourists are more and more interested in visiting Israel, travel agencies estimating a doubling of visitors’ number in the Holy Land. Raluca Hartmanu, PR manager at Christian Tour, one of the biggest travel agencies in the country, declared for News.ro that about 7,000 Romanian tourists will travel to Israel, about twice more than last year. Over half of the company tourists travel to Israel for the first time. Data of the Israeli ...