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Economic
Trade: The local coffee market reached EUR 400 million in 2014 as coffee prices soared
Tuesday, May 12, 2015
The local coffee market reached EUR 400 million in 2014 as coffee prices soared. However, consumption has stalled, according to a PwC Romania study.The value of the Romanian coffee market was close to EUR 420 million last year, a slight decrease from 2013, a PwC Romania study found. The price of coffee started grew by 30 percent between 2009 and 2013 – driven in part by the high taxation level in the industry.Annual coffee consumption in Romania ...
Retail turnover advanced 3 percent in Q1 2015
Tuesday, May 12, 2015
Retail turnover (except for trade in motor vehicles and motorcycles) advanced 3 percent in Q1 2015 from the same period of the year before, as both raw and workday and seasonally adjusted series, shows data released on Tuesday by the National Statistics Institute ...
Tourism: Tourist accommodation facilities in Q1 2015, up 12.6 percent compared to Q1 2014
Tuesday, May 12, 2015
Check-ins with Romania's tourist accommodation facilities in Q1 2015 totaled roughly 1.61 million, up 12.6 percent compared to Q1 2014, with foreigners accounting for more than 22 pct of the figure, shows data released on Tuesday by the National Statistics Institute ...
Agriculture: Exotic fruit exports worth 1.9 million Euro
Tuesday, May 5, 2015
In Romania, exotic fruits are grown only in a handful of greenhouses, but according to statistics, exports reached a value of almost two million Euro last year alone. Despite the fact that, in Romania, bananas, oranges, mandarins and kiwis are considered exotic fruits, the value of the country's exports is almost on par with that achieved with the shipment of domestically-grown apples, pears or cherries. According ...
EIA accuses Schweighofer of buying illegally harvested wood in Romania
Tuesday, May 5, 2015
The Environmental Investigation Agency (EIA), an environmental organization with offices in Washington, D.C. and London, has released a new video exposing the leadership of the largest forest products company in Romania, the Austrian-based Holzindustrie Schweighofer, willingly and knowingly accepting illegally harvested wood and incentivizing additional cutting through a bonus system. Romania, which has the largest area of virgin forests in the EU, is ...
Tourism: Romanian tourists can choose all inclusive Danube cruises
Tuesday, May 5, 2015
A Swiss and a Romanian company will organize, as of this month, 7 night cruises on the Danube for Romanian tourists, an all inclusive package being sold for 360 euros/person. A Swiss company and the Romanian tour operator Karpaten Outgoing rented a ship which can accommodate 260 for cruises of 7 nights on the Danube for Romanian tourists. The first cruise will be on May 9 and the last on September 12. “Such cruises have ...
Infrastructure: Over 38% of public roads in Romania are stone or dirt roads
Tuesday, May 5, 2015
About 40% of public roads in Romania are made of stone or dirt and only 35.4% have been modernized, according to data published by INS on Friday, valid for December 31, 2014. At the end of last year, public roads totalled 85,362 km, of which 17,272 km (20.2%) national roads, 35,505 km (41.6%) county roads and 32,585 km (38,2%) communal roads. “As for the type of covering, the public road structure includes: 30,240 km ...
Telecom.IT : About 6,500 localities do not have high speed Internet access
Tuesday, May 5, 2015
About 6,500 localities with a population of 2.85 million do not have access to high speed Internet , according to the list published on Wednesday by ANCOM. The institution made a study to identify Romanian localities which did not have access to high speed broad band electronic communication services at the end of 2014. According to ANCOM, the study was made for the Ministry of Agriculture and Rural Development (MADR) which coordinates the implementation of programmes for the ...
Broad band Internet connections reached 16 millions in 2014
Tuesday, May 5, 2015
Broad band Internet connections in Romania reached 16 million in 2014, of which most (12 millions) represented connections for mobile points based on subscriptions, according to ANCOM data presented on Tuesday at the 19th edition of the conference Communications Day. Data show that of the 12 million connections 10.7 millions are 3G and 3G+ and 709,000 are 4G connections, all generating a total traffic of 46,000 terra bytes. An average monthly traffic of ...
Orange Romania revenues up 6.4% in Q1 to EUR 221 mln
Tuesday, May 5, 2015
Orange Romania saw its revenues in Q1 reach EUR 221 million, an increase of 6.4 percent year-on-year excluding the impact of regulatory measures. At 31 March, Orange Romania had 10.365 million customers. In the first quarter, mobile internet traffic doubled compared to the same period last year as the sales of tablets and smartphones grew by 60 percent and 50 percent compared to the first quarter of 2014. Sales of 4G/LTE mobile devices also kept their ...
Lumia 640, Lumia 640 XL smartphones available in Romania
Tuesday, May 5, 2015
Microsoft launched in Romania the Lumia 640 and Lumia 640 XL mid-range smartphones with 4G/LTE. Lumia 640 and Lumia 640 XL are already available to partners in Romania in a variety of colors, including matte blue, orange and black, and metallic and matte white. Powered by Windows Phone 8.1 OS with Lumia Denim, the new Lumias feature a 1.2 GHz quad-core Qualcomm Snapdragon 400 processor, 1 GB RAM, 8 GB internal storage, which can be extended to 128 GB through microSD ...
Trade: Russian Sanctions Give Retailers New Look at Romania
Tuesday, May 5, 2015
Russian retail sales contracted 8.7 per cent in March from a year earlier, the Federal Statistics Service said in a report published last week. That was the biggest drop since 2009, according to data compiled by Bloomberg. Conversely, retail sales in Romania advanced 3.5 per cent in February from a year ago, after growing 6.4 per cent in 2014. That compares with a 7.2 per cent decline in 2010. "In Russia, some ...
Real estate : Average price of single room apartments grew by 3% in Bucharest
Tuesday, May 5, 2015
The average price of single room apartments in Bucharest has grown by 3% in the last 12 months, from 31,760 euros in March 2014 to 32,557 euros in March 2015, according to a study made by a specialised website. Two and three-room apartments recorded a drop of 1% reaching an average sale price of 50,405 euros for two rooms and 70,113 euros for three rooms in March ...
Tourism : Bulgaria, Romania Move to Set Up Joint Tourist Info Center in China
Tuesday, April 28, 2015
Bulgaria and Romania will set up a joint tourist information center will in China as part of the initiative of the two countries to develop joint tourist products for distant markets, according to Bulgarian Tourism Minister Nikolina Angelkova. Angelkova announced the plans about the tourist information center during the signing of a protocol of intent on cooperation between Bulgaria and Romania in the sphere of tourism. The ...
Real estate: Higher demand for construction land in Romania’s largest cities: Iasi leads the ranking
Tuesday, April 28, 2015
Average prices for plots suitable for construction in big cities and their outskirts either stayed relatively stable or had a clear upward trend, according to an analysis by Imobiliare.ro on the past 12 months. In the marginal areas of the six urban centers analyzed, the starting values for land is below EUR 50 per square meter (including Capital’s neighboring areas). The study takes into account both search volume ...
Telecom. IT : Romania sees growing demand for smartphone and tablet business solutions
Tuesday, April 28, 2015
According to a survey conducted at regional level by Entersoft on the use of mobile applications in the business environment, more than 80 percent of those surveyed felt that such platforms help them be more efficient in their daily activity, increasing their productivity up to 5 times. The trend is manifested in Romania as well, especially at the level of managers who want to be constantly updated with the evolution of ...
Romania's tops list of users with accessing speeds of 10Mbps
Tuesday, April 28, 2015
More than a third of UK broadband users are getting average speeds above 10Mbps, according to a study. Akamai’s State of the Internet report found that 38% of UK users are getting what it describes as ‘high broadband’, marking a 25% year-on-year increase.Switzerland and the Netherlands led the way in Europe, with 56% of users accessing speeds of 10Mbps.Romania was close behind on 55% – a huge 258% increase on the previous year.It also ...
Romania consults on strategy for use of 3.4, 3.8 GHz band
Tuesday, April 28, 2015
Romania's telecommunications authority Ancom agreed in the Consultative Council of 16 April 2015 on the strategy for the implementation and development of BWA systems at a national level in the 3400-3800 MHz band for the period 2015-2025. The authority also agreed on the amendments to the authorisation procedure for the provision of audiovisual programme services. The strategy document provides organising a competitive selection procedure in 2015 by ...
Cars: 59 eco-friendly cars, sold in Romania in Q1 2015
Tuesday, April 28, 2015
The number of eco-friendly cars sold in Romania in Q1 2015 reached 59 units, which is equivalent to 0.3% of the total sales of new cars recorded in the same period, show the statistics of the Car Makers and Importers' Association /APIA/, which were recently made ...
Infrastructure : The length of public roads and that of railway lines for public use recorded a rise in 2014
Tuesday, April 28, 2015
The length of public roads rose by 475 km (0.55%) in 2014, up to 85,362 km, and that of railway lines for public use recorded a rise by 0.08%, 9 km respectively, according to the National Institute of Statistics ...