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Agriculture: Romania, fourth in the world for wine production this year
Tuesday, November 21, 2023
Romania is one of the few countries that produced this year more wine than in 2022 and recorded the fourth volume increase, according to a platform devoted to promoting Romanian wine. According to data collected by the International Organization of Vine and Wine (OIV) analyzed by Wines of Romania, the latter produced in 2023 4.4 million hectoliters of wine, 15% more than in 2022 and 4% more than the ...
Romania's poultry meat production went up by 3.7% in September 2023
Tuesday, November 21, 2023
Romania's poultry meat production went up by 3.7% in September 2023, compared to the same period of 2022, but dropped by 4% against the previous month, to 45,715 tons, according to data of the National Statistic Institute released on Friday. 27.11 million chickens were sacrificed in September 2023, the rise against September 2022 (26.31 million chickens), but dropping compared to August 2023 (29.05 million ...
Romania, among the last in the EU when it comes to increasing the value of agricultural production in 2022
Tuesday, November 21, 2023
In 2022, agricultural output in the EU was valued at €537.5 billion (bn) in basic prices, equivalent to an increase of 19% ...
Infrastructure: 2 million passengers registered by the International Airport Iasi since the beginning of this year
Tuesday, November 21, 2023
The International Airport Iasi has been transited since the beginning of the year to the present, by two million passengers, being the first time this level has been reached.According to the representatives of the International Airport Iasi, the first million passengers embarked and disembarked this year was registered at the end of June, so that in the first ten months of the year there was a traffic of 1.947 ...
Trade: Retail turnover up by 2% in the first nine months
Tuesday, November 21, 2023
The retail turnover (with the exception of vehicles and motorcycles) increased in the first nine months of the present year, against the similar period of 2022 both as gross series, by 2.0% and as adjusted series depending on the number of working days and seasonality by 2.2%, announced on Wednesday the National Institute for ...
Agriculture: Agricultural companies post second highest turnover growth in last decade
Tuesday, November 14, 2023
Romania's agricultural companies posted the second largest nominal annual increase in the last 10 years, of over RON 8 billion, reaching a historic high of RON 68 billion in 2022, which is 48% over that of 2018, according to KeysFin annual study "Romanian Agricultural Sector."For 2023, KeysFin analysts estimate the continued growth of the sector and thus exceeding the record level reached in 2022, close to the RON 80 billion threshold, based on the ...
DSV Road: 2023, the best year for import and export in agriculture in Romania
Tuesday, November 14, 2023
2023 saw intense import and export activity for agricultural firms, with a 30% increase in demand for transport services for field-specific goods, fertilizers, and agricultural machinery, reports DSV Road, part of the Danish DSV Group, the third largest transport company in Europe. Thus, 2023 is the best year for the import and export of goods for Romanian agriculture, with companies in the field preparing ahead of time to protect crops in a year with extreme ...
Real Estate: Colliers: Private student housing rental market will grow in the coming years
Tuesday, November 14, 2023
Demand for private student rental housing is growing in the Central and Eastern Europe (CEE) region, in all six major economies of Romania, Hungary, the Czech Republic, Slovakia, Bulgaria and Poland, Colliers consultants note, and this trend attracts the attention of major investors. Until 2021, the Czech Republic and Poland were the main targets of investors, but since last year, some of them have expanded their activities to Romania and Serbia, where they are already ...
Average area of office space transaction, up 35pct, nearing record of 2019
Tuesday, November 14, 2023
The average area of an office space transaction was 1,810 square metres in the first nine months of 2023, the highest level of the last four years and close to that of 2019, when it registered a historical record of 1,900 square meters, according to a survey conducted by a real estate consulting company.Compared to 2022 and 2021, the average area of an office space transaction this year increased by 35%, a dynamic that was reflected in the total leasing activity in ...
Trade: Romanians increasingly more interested in luxury second-hand and vintage clothing
Tuesday, November 14, 2023
Romanians are increasingly choosing to buy second-hand or vintage clothing, including luxury brands such as Dolce Gabbana, Burberry, Gucci or Dior, according to a report published Monday by an online classifieds platform.According to OLX data, by buying pre-loved luxury clothing, consumers are aware of the positive effect they have on the environment and their active role in reducing the fast-fashion phenomenon.Thus, the trade of second-hand products on ...
Retail trade turnover, up 2pct 9 months into 2023
Tuesday, November 14, 2023
The volume of retail trade turnover (excluding trade in motor vehicles and motorcycles) increased in the first nine months of this year, compared to the same period in 2022, both in gross terms, by 2.0%, and in terms of working days and seasonally adjusted series, by 2.2%, the National Institute of Statistics (INS) announced on Wednesday.Thus, the volume of retail trade turnover (excluding motor vehicles and motorcycles), gross series, rose in the first nine months of the ...
The local e-commerce market maintains its growth rate, strongly supported by the end of the year
Tuesday, November 14, 2023
In the first 9 months of this year, PayU GPO Romania, the leader of local online payment market, registered a 25% increase in processed volumes, compared to the reference interval of 2022. From the point of view of the number of transactions it registered 18% more transactions than in the same period last year. The volume of payments made through a single click has an accelerated pace of adoption among online consumers, reaching a share of 46% of the ...
Infrastructure: Romania and EIB sign EUR 600 million finance contract for A7 motorway project
Tuesday, November 14, 2023
The executive approved on Thursday through memorandum, the negotiation of the financing contract between Romania and the European Investment Bank, worth 600 million euro, to support the project for A7 Romania highway – co-financing under the Recovery and Resilience Mechanism B – and its signature."A first finance contract, worth EUR 600 million, was signed between Romania and the EIB on 14 June ...
Tourism : Luxury hotel group Hyatt is looking to open its first hotel in Romania
Tuesday, November 14, 2023
Hyatt envisions to develop a mothership property of the brand in Romania: an upper-scale hotel, featuring around 200 rooms and offering full-service amenities in Bucharest. The group intends to replicate the successful model it established in Bulgaria, which is Hyatt's largest Eastern European market to date. 2022 marked Hyatt’s sixth consecutive year as the ...
Cars: New vehicle registrations, up by 14.7 pct in Romania, in first ten months
Tuesday, November 7, 2023
New vehicle registrations increased by 14.7% in the first ten months of this year, compared to the similar period in 2022, to 121,404 units, according to the data of the Romanian Automobile Manufacturers Association (ACAROM), published on last Thursday.The ranking for new car registrations, between January and October, has Dacia in the first position - with 39,072 units, followed by Renault (9,030), Toyota (8,875), Skoda (8,871), Volkswagen (8,559), ...
Second-hand vehicles, newly registered in Romania, held almost 68 pct of total registrations in Q3
Tuesday, November 7, 2023
New registrations of passenger road vehicles fell by 3.8% in the third quarter of this year compared to the same period in 2022, while new registrations of imported used cars, total new car registrations, remained increased, by 67.9%, according to the data from the National Institute of Statistics (INS), published on Friday.According to official statistics, in the reference period, new registrations of road vehicles for the transport of passengers ...
Tourism: More than 430,000 Romanian tourists spent vacations in Turkey
Tuesday, November 7, 2023
More than 430,000 Romanian tourists spent their vacations on the Turkish littoral in the resorts of Antalya, Belek, Side or Alanya, said Alin Burcea, the owner of the travel agency Paralela 45. According to it, data centralized by Antalya Airport show an increase of over 160,000 people compared to 2019, which was considered the best year for tourism in ...
Hotel investment in six CEE countries up 74% in first half of 2023
Tuesday, November 7, 2023
The activity of hotel investments in the region of Central and Eastern Europe (CEE) – Poland, the Czech Republic, Romania, Hungary, Bulgaria, Slovakia – has increased by 7% between June 2022 and June 2023, against the previous interval of twelve months, up to a value of 464 million euro, a specialty analysis shows.The centralized data by the consultants Cushman&Wakefield and CMS show the fact ...
Almost 11 million people arrive in tourist accommodation facilities in Romania in the first nine months
Tuesday, November 7, 2023
More than 10.7 million people arrived in tourist accommodation facilities in Romania (including apartments and rooms for rent) in the first nine months of the year, up 12.1% compared to the same period in 2022, while the number of overnight stays rose by 11.5% to 23.324 million people, according to data published Thursday by the National Institute of Statistics (INS).Arrivals of Romanian tourists in tourist accommodation facilities between January 1 and ...
Agriculture: Recovery plan to finance pasture afforestation
Tuesday, November 7, 2023
Pastureland has been included in the category of agricultural land eligible for afforestation using funds from the recovery plan, according to an emergency decree issued by the Romanian government on Thursday, which “rectifies” parliament’s earlier removal of pastureland as an eligible category. This comes after an earlier parliament decision had removed pastures from the list of ...