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Romania’s durable consumer goods market reaches record level in 2017
Tuesday, March 13, 2018
Romania’s durable goods market recorded a 14.4% increase in 2017 versus 2016, reaching EUR 2.98 billion, according to the GfK Temax study. This is the highest level ever recorded on the local durable goods market, surpassing the previous record set in 2008, before the economic crisis. The telecom segment was the market’s main growth engine last year, with a 29.5% increase in sales, to EUR 1.16 billion, as Romanians ...
Eurostat: Romanian consumer market hits record EUR 114 billion in 2017, due to wage increases
Tuesday, March 13, 2018
Romanian consumer market increased with more than EUR 10 billion in 2017, to EUR 114.5 billion, due mainly to higher wages paid by employers, Eurostat data show, business-review.eu informs. The “final consumption expenditure of households” index, a measure of consumer market, rose from EUR 96.5 billion in 2015 to EUR 104 billion in 2016 and to EUR 114.5 billion in 2017, according to Eurostat statistical ...
Romania’s retail market makes quantum leap
Tuesday, March 13, 2018
Few imagined in 1998, when they walked to the corner store, that in 20 years’ time they would be able to flit between shops in a matter of seconds, without even leaving the couch, business-review.eu reads. Or that the product of their choice could one day be just a click away, delivered straight to their door. And even fewer, perhaps, can picture today the impact that Augmented Reality (AR), Virtual Reality (VR) and Artificial Intelligence (AI) will have on the retail ...
Cars: Cars registration down in February by close to 37 pct, to 49,000 units
Tuesday, March 13, 2018
Cars registrations in Romania down year-on-year in February by 36.89 percent up to 48,617 units, according to the data published last Friday by the Direction of Driving Licenses and Cars Registration (DRPCIV), business-review.eu informs. The data published include the cumulated registrations on new cars and second-hand cars and the details related to the share of new cars in the overall registrations. Thus, the new cars ...
Infrastructure : European funding worth over 272 million euro for Sebes-Turda motorway construction
Tuesday, March 13, 2018
Over 272 million euro from the European Regional Development Fund (ERDF) are being invested in the construction of a motorway between Sebes and Turda towns, near Cluj, Romania, within the Trans-European Transport Network (TEN-T), reads a press release published on Tuesday by the European Commission."The Romanians who live in this region will enjoy safer, more comfortable traveling conditions. This motorway will also support the development of the regional economy, ...
Passengers transported by plane in 2017 up 23.3pct
Tuesday, March 13, 2018
The number of passengers traveling last year by plane was about 20.222 million people, up 23.3 percent compared to 2016, according to data centralized by the National Institute of Statistics (INS).The largest passenger transport shares were registered at Henri Coanda Bucharest (6.456 million passengers boarded and 6.346 million passengers landed), Cluj-Napoca (1.356 million passengers boarded and 1.322 million passengers landed) and Traian Vuia Timisoara (797,200 ...
Tourism : C&W Echinox: Romanian hotel market in 2017, the second most attractive in CEE after Poland
Tuesday, March 13, 2018
The hotel market in Romania has been on a positive trend since 2010, with an increasing number of tourist arrivals and overnight stays, romaniajournal.ro reads. According to C&W Echinox 1st edition of Romania Hospitality Market Report, the domestic hospitality investment market was the second most attractive in the region after Poland in terms of the transaction sector, following two major sales, with a cumulated value of EUR 183 million. ...
Real Estate: Romanian housing market: prices rose in February in most major cities, Cluj-Napoca is still the most expensive area
Tuesday, March 13, 2018
Prices of residential properties increased in four out of six major urban areas of Romania in February, due to strong demand, according to Imobiliare.ro data, Cluj-Napoca retaining its position as the country’s most expensive city to invest in a home, business-review.eu reads. Data show prices rose in February for new and old houses alike, with Bucharest recording the highest month-on-month rate of 2.8 percent, to EUR 1,302 per square ...
Real estate: IT&C companies first for renting new office space
Tuesday, March 6, 2018
The IT&C sector ranks first in the top of fields renting new office space in 2017, study says. Those companies were interested in 51% of areas included in rental contracts in 2017. They were followed by the finance, banking and insurance sector with 16%. At the same time, 38% of office area in Bucharest, planned to be commissioned in 2018 are already rented, according to an analysis made by ESOP I Corfac International ...
51,000 real estate transactions made in February
Tuesday, March 6, 2018
There were 50,756 transactions made in Romania, in February, 4.5% more than in the same period of 2017, according to data communicated by the National Cadastre Real Estate Advertising Agency (ANCPI). The number of transactions made in February 2017 was 48,567. “Most real estate sales were registered in Bucharest in February 2018 - 7,310, Cluj - 3,459 and Timis - 3,169. Counties with the fewest buildings sold in the same ...
Significant supply of new housing units slows down prices for old flats
Tuesday, March 6, 2018
The rise in prices for old flats is starting to slow down, due to an accentuated increase in the supply of new housing units, according to a press statement released on Monday after the Bucharest Real Estate Trade Fair (SIB) 2018, which took place March 2-4.Organisers say that 9,700 people visited the the Bucharest Real Estate Trade Fair, the first such trade fair this year, with the SIB being the only market event where both new and old housing units are on ...
This February's real estate sales at 50,756 nationwide
Tuesday, March 6, 2018
Real estate sales this February were in excess of 50,750, the National Cadastre and Property Advertising Agency said in a release on Friday; the figure is by 2,189 higher than in February 2017. Most real estate deals of the total 50,756 this February were in Bucharest (7,310), Cluj (3,459) and Timis (3,169), while the counties with the fewest property sales were Salaj (384), Gorj (380) and Covasna (332).The counties with the most sales of ...
Cars: Around 200 eco-friendly automobiles, sold in Romania in January
Tuesday, March 6, 2018
The number of new "green" cars (hybrid and respectively, hundred-percent electric) sold in Romania reached 193 units in January 2018, up 70.8 percent as compared to the same month last year, the Automobiles Producers and Importers Association (APIA) statistics show. According to official data, of these, 79 are hundred-percent electric automobiles (up 6.5 times as compared to January 2017), and 114 units are hybrid (+12.9 percent).In the first ...
New car sales in Romania record 22% rise, in January
Tuesday, March 6, 2018
New car sales in Romania recorded a 22% rise to 9,056 units in January compared to the same period in 2017, according to the data released by the Association of Car Makers and Importers (APIA).Car sales accounted for 7,164 units (+20.5% from January 2017), and commercial vehicles - 1,892 units (+27%).According to the APIA statistics, sales are mainly made by legal entities, which cover 76% of all car purchases in January. In the reference period, ...
Tourism : The tourists’ overnight stays in the establishments of tourists’ reception increased by 9.6% in January
Tuesday, March 6, 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 9.6 % each, in January 2018. Compared to January 2017, in January 2018 customs registered an increase in both the arrivals of foreign visitors of 22.4 % and in the departures abroad of the Romanian visitors ...
Infrastructure: Section of Bucharest ring road to be built by China’s Sinohydro
Tuesday, March 6, 2018
One of the sections of Bucharest’s ring road will be upgraded by Chinese state-owned company Sinohydro, which won a RON 233 million (EUR 50 million) contract, according to Romanian state-owned road infrastructure company (CNAIR), business-review.eu reads. The 11.5 kilometers two-lane ring road section between DN2 (national road connecting Bucharest with Moldova, Romania’s poorest region) and A2 (motorway connecting Bucharest with ...
Trade : Competition Council: Food prices in Romania, 60% of EU price on average, situation relatively good
Tuesday, March 6, 2018
Romania is not in a bad situation in terms of food prices, but a generalized rise in these can be countered by macroeconomic means, namely the fiscal-budgetary policy of the Government and the monetary policy of the National Bank, the president of the Competition Council, Bogdan Chiritoiu told Tuesday's PRIA Competition, an event organized by PRIAevents and the Competition Council."We [the Competition Council] are not investigating general price increases, but ...
In January, the turnover of retail trade dropped by 25.3 percent
Tuesday, March 6, 2018
The turnover of retail trade (except for the trade in vehicles and motorcycles) dropped in January 2018 compared to the previous month, both as gross series, by 25.3 percent, and as series adjusted by the number of working days and seasonality by 0.9 percent, according to data from the National Institute of Statistics (INS), released on Monday.Compared to the corresponding month of the previous year, the turnover volume for retail trade (except for the trade in ...
Agriculture: UNCAPI cooperatives report annual business of 40 million euros per year in most important agriculture branches
Tuesday, March 6, 2018
The cooperatives grouped under the National Union of Integrated Production Agricultural Cooperatives (UNCAPI), launched on Monday, have a business turnover of 40 million euros per year in the most important branches of agriculture, according to a UNCAPI press statement.All cooperatives, associations, companies and individuals working in agriculture in Romania can join UNCAPI starting on March 5, to take advantage of an integrated system of production and sales, as ...
Healthcare: Corina Cretu expresses worry about delays in projects for regional hospitals
Tuesday, February 27, 2018
EU Commissioner Corina Cretu met with PM Viorica Dancila on Wednesday in Brussels, and expressed her worries about the delays in Romania’s projects to build three regional hospitals, which were approved in July 2015 but on which construction has not even started, business-review.eu informs. Cretu said: “Considering the fact that, as things stand, it is very unlikely for works to begin in 2019, national authorities should accelerate the ...