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Economic
Law on A7 Motorway Romania financing, promulgated
Tuesday, December 5, 2023
President Klaus Iohannis promulgated the law on the financing contract with the European Investment Bank for 600 million euros for the construction of the A7-Moldavia motorway.The law aims at approving the Financing Contract - A7 Motorway Romania - Co-financing related to the Recovery and Resilience Mechanism - between Romania and the European Investment Bank, signed in Bucharest on 12 June 2023 and in Luxembourg on 14 June ...
Air passenger transport up by 18.8 pct in first 9 months of 2023
Tuesday, December 5, 2023
Air passenger transport increased in the first nine months of this year by 18.8% compared to the same period in 2022, to 18,703,500 passengers, according to data centralized by the National Institute of Statistics (INS).The highest shares in terms of passenger transport were registered at the following airports: Henri Coanda-Bucharest airport, with 5,548,600 passengers boarded and 5,491,000 disembarked, Avram Iancu-Cluj-Napoca airport, with 1,268,000 ...
Investments in infrastructure, up by 70 pct compared to 2021
Tuesday, December 5, 2023
Investments in infrastructure have gone up by approximately 70%, compared to 2021, when Catalin Drula was the Minister of Transport, Prime Minister Marcel Ciolacu declared on Wednesday.Ciolacu said at the beginning of the Government meeting, that this year there are "record" investments in the field of infrastructure, totaling 64 billion RON in the budget execution for the first ten months."Today we have on the agenda several infrastructure ...
Real estate: Real estate sector considered most exposed to money laundering in Romania
Tuesday, December 5, 2023
The real estate sector was considered the most exposed in Romania to money laundering, but there is also a similar risk in the farming sector, said Adrian Cucu, the president of the National Office for Money Laundering Prevention and Control (ONPCSB). “I would like to say a few words about sectors that are considered the most vulnerable to money ...
Number of building permits for residential buildings, down by 22.2 pct, at ten months
Tuesday, December 5, 2023
The number of construction permits for residential buildings, issued nationally, in the first ten months of the year, decreased by 22.2% compared to the same period in 2022, according to data published on Wednesday by the National Institute of Statistics (INS).According to official statistics, between January 1 and October 31, 2023, 29,396 construction permits were issued for residential buildings, and negative results were recorded in all development ...
Trade: International Retailers Crowd into CEE as Economic Growth and Household Consumption Outpace Western European Markets
Tuesday, December 5, 2023
Rising disposable incomes across Central and Eastern European markets are outpacing those in more mature Western European economies and driving a more dynamic tempo of consumer spending in a region under-supplied with modern retail space, NEPI Rockcastle, Europe’s third-largest listed retail real estate company by portfolio size, concluded in its recent third-quarter financial results. NEPI Rockcastle is the biggest ...
Telecom. IT: KEYSFIN ESTIMATE: ROMANIAN SOFTWARE INDUSTRY WILL CONTINUE TO GROW IN 2023 AND REACH A NEW RECORD LEVEL OF OVER EUR 14 BILLION
Tuesday, December 5, 2023
The turnover of companies in the Romanian software industry increased by 29% compared to 2021 and was 323% higher than in 2013, reaching a record level of almost EUR 13 billion in 2022, according to data from the Ministry of Finance. "Despite the growth rate tempering, we estimate the continuation of the uninterrupted trend of the last 10 years and reaching a new all-time high this year, of over EUR 14 billion, and we have chosen ...
Cars: Romania offers largest financing for purchase of electric and hybrid cars
Tuesday, November 28, 2023
Romania is the biggest financier in the EU in terms of encouraging the purchase of electric and hybrid cars, the State Secretary within the Ministry of Environment, Waters, Forests, Bogdan Balaniscu, declared on Friday."At the moment, Romania is the European state that offers the largest financing in terms of encouraging the purchase of electric cars or hybrid cars. This financing can reach up to 54,000 RON. We are talking about over 10,000 euros that ...
Dacia car sales in Europe rise 33.5pct in October
Tuesday, November 28, 2023
Sales of Dacia passenger cars in Europe rose 33.5% in October and the carmaker's market share climbed to 4.4% from 3.8% in the same period in 2022, according to data the European Automobile Manufacturers' Association (ACEA) released on Tuesday.The statistics are valid for European Union countries, the UK and European Free Trade Association (EFTA) countries Iceland, Liechtenstein, Norway and Switzerland.A total of 46,222 Dacia cars were registered ...
Tourism : New Mercure Hotel to open in Oradea
Tuesday, November 28, 2023
Accor announces the signing of a franchise agreement with local partner Grand Hotel West, a family-owned hotel and F&B business. The partnership will result in the opening of a new Mercure Hotel in Oradea in early 2026. Mercure Oradea will bring the charming city in North-Western Romania 90 elegant and tastefully designed rooms, a restaurant, a lobby bar, and a wine cellar. A versatile conferencing ...
Telecom. IT: Romania is the third Best Destination for Digital Nomads
Tuesday, November 28, 2023
According to the latest Digital Nomad Visa Index, Romania takes the 3rd place on the list. Countries were ranked based on different factors: Internet Speed: Being able to work from anywhere, have online meetings, and stay connected with people around the world is possible because of a strong internet ...
Agriculture : Eurostat: Bulgaria and Romania, on the last places in the EU in terms of milk production per head of cow
Tuesday, November 28, 2023
EU farms produc ...
Chamber adopts bill on stimulating horticulture in controlled environments and urban horticulture
Tuesday, November 28, 2023
The Chamber of Deputies adopted on last Wednesday a draft law on stimulating horticulture in controlled environments and urban horticulture.257 MPs voted "in favour" and one voted "against." The bill was initiated by Varujan Pambuccian, leader of the national minorities group in the Chamber of Deputies.The draft law aims to create a legal framework for the implementation of horticulture in controlled environments and urban horticulture. The bill ...
Healtcare: Wiener Privatklinik Hospital in Vienna and Nord Provita Medical Group initiate a strategic partnership to support the health of Romanian patients
Tuesday, November 28, 2023
Through this partnership, Romanian patients will be able to access easily and quickly, with the help of a case manager, comprehensive and personalized medical care, either in Romania or in Vienna. Patients can get a second medical opinion from internationally renowned experts, some of them ranked in the top 2% of the world's ...
Cars: Green cars reach an almost 24 pct market share in Romania 10 months into 2023
Tuesday, November 21, 2023
New car registrations registered an increase of 15.2 pct in the first ten months of the year, compared to the similar interval in 2022, a margin in which "electrified" cars had a jump of 31.8% and a market share of 23.8%, according to statistics published on Wednesday by the Association of Automobile Manufacturers and Importers (APIA).On the national market, the top ten brands of cars and commercial vehicles is led by Dacia - with 39,244 ...
Vehicle business trade up nine months into 2023
Tuesday, November 21, 2023
Motor vehicle trade recorded a 25.3% advance, on a gross basis, in the first nine months of this year, and contributed the most to the 14.1% increase in wholesale and retail turnover, maintenance and repair of motor vehicles and motorcycles, the National Institute of Statistics (INS) informs.In the margin of business growth in this field, there were also positive results in the trade in parts and accessories for motor vehicles (+1.1%) and maintenance ...
Tourism : Oradea, presented as wellness and spa destination at the European Medical Tourism Fair 2023 in Italy
Tuesday, November 21, 2023
Representatives of the Association for the Promotion of Tourism in Oradea and Region (APTOR) promoted, on November 16 and 17, the wellness and spa services of Oradea and Baile Felix (both in northwestern Romania) at the European Medical Tourism Fair 2023, which took place in ...
Real Estate: Industrial and logistics projects of over 500,000 square meters are under construction in Romania
Tuesday, November 21, 2023
Industrial and logistics projects accounting for more than half a million sq. m are currently under construction and due to be delivered by the end of 2024, 60% of which being already pre-leased. The limited pipeline of speculative projects could put pressure on rental levels in the coming period due to the fact that, even though Romania recorded one of the most spectacular increases of demand for industrial and logistics spaces in the Central and Eastern Europe after ...
Healthcare: Hospitals have not enough physicians, technical, economic, scientific, administrative staff
Tuesday, November 21, 2023
The general manager of the Bucharest Hospitals and Medical Services Administration (ASSMB), Oana Sivache, draws attention to the lack of staff in health units, stressing that she has requested four times the unblocking of posts.According to Sivache, hospitals no longer have enough doctors and lack the technical, economic, scientific and administrative (TESA) staff, being "at risk the very functioning and continuity" of medical activity."It ...
Minister of Health: 11.6% of Romanians have diabetes
Tuesday, November 21, 2023
Minister of Health, Alexandru Rafila, stated that 11.6% of Romanians have diabetes, emphasizing the need for health policies to address this issue. He stressed that prevention should start in childhood. Rafila highlighted diabetes as one of the three major non-communicable diseases affecting human health, alongside oncological and cardiovascular diseases. It represents the majority of chronic cases and deaths globally, with Romania being no ...