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Economic
Apartments more expensive in Cluj, Bucharest and Brasov counties
Tuesday, May 15, 2018
Apartment prices in Cluj Napoca exceeded 1,500 euro/sq.m and are 14% over Bucharest average price, but price increases were recorded in three out of the six large towns, according to Imobiliare.ro. The average amount requested for apartments available for sale at national level knew a slight drop of 0.3% in April, from 1,200 to 1.197 euro/sq.m. According to Imobiliare.ro, higher and lower variations on price were found in big ...
Real estate investments in Romania, down 75% in the first quarter
Tuesday, May 15, 2018
The volume of commercial real estate investments in Romania was only EUR 35 million in the first quarter of this year, with just three such deal being closed in this period, according to real estate consultancy firm JLL Romania. The level is four times lower than in the same period of 2017, when deals worth EUR 143 million were closed. However, JLL Romania representatives point out that there are several transactions in various stages that will ...
Agriculture: Romania records 853.9 million euro-deficit in trade of agri-food products, in 2017
Tuesday, May 15, 2018
Romania recorded last year a 853.9 million euro deficit in trade of agri-food products, up 53 percent as compared to 2016, when it reported 557.4 million euro, according to the data released by the Agriculture and Rural Development Ministry (MADR)."Romania recorded a 4.6 increase of the exports in agri-food products in 2017 as compared to 2016, reaching 6.23 billion euro, the greatest share being held by raw materials. Romania's imports were worth 7.1 billion ...
Slaughtering of animals and poultry and meat production in March 2018
Tuesday, May 15, 2018
• Compared to February 2018, in March 2018 the slaughtering and the carcass weight increased for all species of animals and poultry. • Compared to March 2017, the slaughtering and the carcass weight increased for ...
Cars: Turnover volume of the trade with motor vehicles and motorcycles increased by 18.9% 2018
Tuesday, May 15, 2018
Compared to the previous month, in March 2018 the turnover volume of the trade with motor vehicles and motorcycles increased as gross series by 18.9% and decreased as adjusted series according to the number of working days and to seasonality by 0.5%. The turnover volume of the market services provided to the population increased compared to the previous month as gross series by 9.2% and, as adjusted series according to the number of working days and to ...
Agriculture: Romania has 4.8 million ha of grazing land and hayfields
Tuesday, May 8, 2018
Romania has 4.8 million hectares of grazing land and hayfields, because there are not enough animals, said Petre Daea, the minister of agriculture. He added that authorities should insist on animal husbandry. “Romania has 4.8 million hectares of grazing land and hayfields. Practically, this area means the Netherlands, Switzerland and Belgium as farming area. This great reserve the country has must be naturally supported. There are few places ...
Tourism: In 2017, Rome, Milan and Athens were the most accessible foreign destinations, with average cost of 230 euros for city break
Tuesday, May 8, 2018
Rome, Milan and Athens were the most accessible foreign destinations for Romanians in 2017, with an average 230 euros per city break, Fly Go travel agency announced. A significant advance was recorded for domestic destinations, where Fly Go sold 30% more plane tickets. The average price for Fly Go customers was 250 euros in 2017. Fly Go recorded sales of 40 million euros last year, on the rise by 20% compared to the previous ...
The tourists’ overnight stays in the establishments of tourists’ reception increased by 6.0% in March
Tuesday, May 8, 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’ accommodation increased by 5.4 %, respectively by 6.0% in March 2018. • Compared to March 2017, in March 2018 customs registered an increase in the arrivals of foreign visitors of 9.5 % and a decrease of ...
PwC Romania: Recreational tourism market in Romania could increase, as annual average, by 30pct until 2021
Tuesday, May 8, 2018
The recreational tourism market in Romania could increase, as an annual average, by 30pct, until 2021, up to a value of 240 million lei, given that for 2018 it is being estimated at 36 million lei, shows a PwC survey on the impact of a reduced VAT rate on recreational services, presented on Monday in a speciality conference.Specialists believe that applying a reduced VAT rate of 9pct for recreational services would generate a positive impact of some 340 ...
Cars: Q1 used car registrations down roughly 6 percent
Tuesday, May 8, 2018
Used car registrations were 5.84 percent down in Q1 2018 compared to the year-ago period, to 120,641 units, shows statistical data of the Driving Licenses and Vehicle Registration Department (DRPCIV). As many as 128,123 used cars were registered in Q1 2017.According to DRPCIV data, the brands with most registrations in Q1 2018 were: Volkswagen (31,038 units, down 10.1 percent YoY); Opel (15,531 units, -15.97 percent YoY); Ford (11,173 units, -12.17 percent YoY); ...
The new registrations of passenger cars in the first quarter of 2018
Tuesday, May 8, 2018
The new registrations of road vehicles for passenger transport decreased by 0.7% in the first quarter of 2018 compared to the first quarter of 2017. In the same period, the new registrations of vehicles for goods transport increased by 7.6% compared to the first quarter of the previous year. New registrations of passenger vehicles were 0.7 percent down in Q1 2018 ...
Infrastructure : Wizz Air to launch Tel Aviv - Sibiu, Romania flights
Tuesday, May 8, 2018
The new route will be the sixth Romanian city that the low-cost Hungarian carrier flies to from Tel Aviv, globes.co.il informs. Hungarian low-cost carrier Wizz Air will operate a new route from Sibiu in Romania to Tel Aviv. Sibiu will be the sixth city in Romania from which the ...
Real Estate: Wizmo: 85 pct of land sold in Romania is for residential developers
Tuesday, May 8, 2018
According to an analysis made by Wizmo.ro, a real estate platform dedicated to both the residential and business sectors, and RE/MAX Luxury Group, one of the franchises of RE/MAX Romania, 85 percent of the land sold in Romania are sought out by residential developers, business-review.eu informs. Furthermore, 70 percent of the land buyers are real estate developers. The growing demand on the residential market has led real estate developers make more ...
Land deals on Romania’s seaside intensify
Tuesday, May 8, 2018
The Romanian seaside is starting to attract more investors as the overall property market in Romania is expanding, business-review.eu reads. The market for lands located near the Black Sea has boomed in the past few years and prices vary between EUR 5 to over EUR 500 for one square meters, depending on the location. Investors looking for land located near the beach will have to pay for a premium. Consultants say that the land located in the northern ...
Over 44,000 buildings and land were sold in Romania in April
Tuesday, May 8, 2018
Over 44,100 buildings and land were sold in Romania in April, the number of houses,land and apartments which were the object of contracts of sale-purchase at national level ,being with 996 higher than the month of April last year, shows the data sent on Friday by the National Agency of Real Estate publicity (ANCPI). In April,there were sold 44,106 buildings, most being traded in Bucuresti – 5,837,in Timis – 3,491and Cluj – ...
Tourism : Turnover of travel agencies exceeds 2.3 billion lei in 2017
Tuesday, May 1, 2018
Travel agencies last year recorded 2.306 billion lei in turnover, of which 2.067 billion that of tour operators and 239.151 million lei of those with sales of their own tourist packages, according to data centralised by the National Institute of Statistics. The overall number of tourists participating in tourist activities organised last year by tour operators and by tourism agencies with sales of their own tourist packages stood at 1.778 million. Of these, ...
Romania cashes 2.24 bn euros from tourism, while Romanians spend 3.12 bn euros abroad
Tuesday, May 1, 2018
Romania records 2.24 billion euros cash from tourism, but the Romanians spend 3.12 billion euros outside its borders for tourism services, and although we have a Ministry of Tourism, the promotion is merely nonexistent, says Andreea Paul, president of INACO - Initiative for Competitiveness, and associate professor, PhD at the Economic Studies Academy (ASE) in Bucharest."In the past year, tourism has worsened twice and a half its negative balanced that is nurturing ...
Germany was in 2017 among top favourite travel destinations
Tuesday, May 1, 2018
Germany's ambassador in Bucharest Cord Meier-Klodt said on Wednesday he is delighted by the fact that Germany remained among the preferred travel destinations of European tourists last year as well.About Romania, representatives of the German Tourism Organisation (DTZ) told a news conference that the number of Romanian tourists overnighting in Germany in 2017 exceeded for the first time one million - 1,046,606 - increasing by 18.6 percent from ...
Infrastructure : Romania's road network size at end-2017: 763 km of motorway, 30,125 km of cobblestone and dirt roads
Tuesday, May 1, 2018
Romania last year had just 763 km of motorway, accounting for 4.3 percent of the country's total road network; the length of cobblestone and dirt roads was 40-fold, totaling 30,125 km, the National Institute for Statistics said on Wednesday.Almost half (41.4 percent) the length of upgraded roads had run out of the service period.Of the total length of national roads, 35.1 percent (6,200 km) were European roads, while motorways accounted for 4.3 ...
Telecom.IT: Netcity to invest over EUR 30 M to expand the underground fiber optic network in Bucharest
Tuesday, May 1, 2018
Netcity Telecom just got from BRD and BCR an increase of the EUR 36 million club loan obtained at the end of 2016, through a new facility of EUR 10 million, a press release informs quoted by romaniajournal.ro. The loan facility will be used by the company to supplement the over EUR 20 million already granted from its own funds to continue the works on expanding the underground fiber optic infrastructure in the next 3 ...