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Trade: H&M launches online shop in Romania
Tuesday, March 31, 2015
H&M Romania, with a network of 38 shops, launched on Thursday an online shop, the company announced. The shop has collections for women, men, teenagers and children, interior decorations and cosmetics. Retailer sales grew by 55% in the first quarter of fiscal year 2015, to 384 million Swedish crowns (41.2 million euros) from 248 million crowns (26.6 million euros) at the same level of 2014. In lei H&M Romania ...
Retailers’ average turnover in Romania's Bucharest malls reached EUR 2,320/sqm/year
Tuesday, March 31, 2015
Retailers’ average turnover in Romania's Bucharest malls reached EUR 2,320/sqm/year in 2013, twice the average reported outside the capital, according to the first edition of CBRE’s Shopping Center. Index for the local retail market. While this is an average for all types of retailers, for tenants that rent less than 100 sqm such as fast food and café operators and jewelry shops, the turnover can reach ...
Romania, the 26th European country in terms of coffee consumption
Tuesday, March 31, 2015
The Romanian coffee market reached 420 million euros in 2014, with an annual average per capita consumption of 2.3 kilograms, placing the country 26th in Europe by this indicator, according to a recent study released on Thursday by PwC Romania The research showed a 9 percent annual increase of the coffee consumption in ...
Beer market's volume shrinks by 8.6% in 2014, due to fiscal pressure
Tuesday, March 31, 2015
The beer market's volume reached 14.9 million hectoliters in 2014, down by 8.6% compared to that recorded a year earlier, and the per capita consumption went down to 74 liters in 2014, from 81 liters, due to the fiscal pressure on the sector, triggered by the 16% increase in the excise duty in January 2013, Lucian Ghinea, President of the Romanian Brewers' Association, told a Tuesday's press ...
Tourism : Greece in top of 2015 summer holidays at Tourism Fair
Tuesday, March 31, 2015
Greece was the best sold destination at the Tourism Fair, about 60% of packages bought being for the Greek isles. Sales registered a 50% increase compared to 2014. “This year too, Greece remains in the top for the charter and individual transport segment. Romanians also chose classical destinations for summer 2015 next to Greece - Turkey and Spain. New destinations aroused interest for 2015 - Rimini and Costa ...
Constanta Harbour ranks first in Black Sea cruise
Tuesday, March 31, 2015
Constanta Harbour ranks first as cruise destination in Black Sea ports, before Sochi in Russia and Trabzon in Turkey, according to statistics presented at “Seatrade Cruise Convention” held in Miami, Florida. According to a press release of Constanta National Sea Port Administration Company, the convention made public the latest statistics in worldwide cruise tourism, the port of Constanta being the number 1 ...
Romania’s most expensive 10 hotels on sale amount to EUR 120 mln
Tuesday, March 31, 2015
A hotel complex Neptun-Olimp, a hotel in Arad and one in Bucharest are, in this order, the most expensive tourist units put up for sale in Romania, according to imobliare.ro quoted by Mediafax, the price asked by the owners of the first ten tourist units nearing EUR 120 million. The first place in the ranking of the most expensive accommodation units in Romania is a seaside hotel ...
A new beginning in terms of tourism development
Tuesday, March 31, 2015
Romania is in front of a new beginning in terms of tourism development, as it has competitive products to compete on the international tourist market, Mirela Matichescu, Vice President of the National Tourism Authority (ANT) told, on Thursday, the second edition of Incoming Romania Travel ...
Healthcare: Romania to have its first hepato-biliary-pancreatic surgeons this year
Tuesday, March 31, 2015
Romania will have its first hepato-biliary-pancreatic (HBP) surgeons this year. Doctor Irinel Popescu told a news conference on Wednesday at the 10th symposium of the Romanian Association of Hepato-Biliary-Pancreatic Surgery and Hepatic Transplant, going on between March 25-28, that 30 Romanian doctors will complete classes in hepato-biliary-pancreatic surgery. "The hepato-biliary-pancreatic surgery is a branch of general ...
Agriculture: Romania exports 50-60% of total honey production annually; 80% of exports go to Germany
Tuesday, March 31, 2015
Romania exports 50-60% of the total production of honey annually, the main export markets being Germany, Spain and the Northern countries, areas where the largest honey consumption is registered, according to the president of Beekeepers Association (ACA), Ioan Fetea, at the National Honey Fair. He pointed out that Romania continues to export raw honey because it is hard to enter the European market with processed products if there are no serious ...
Real estate: Logistic companies will continue investments, without significant economic growth
Tuesday, March 31, 2015
Logistic companies will continue investments in 2015, although they do not expect a significant economic growth in the following period of time. Demand for such services, coming from both Romanian and foreign companies is on the rise. “We do not think economy will grow very much in order to help logistic industry to grow too. We must adapt to the market in order to survive. We will continue investments and want to ...
Cars: 21% increase of new vehicle registrations in February
Tuesday, March 31, 2015
New vehicle registrations grew in February by 21%, compared to the same period of 2013, to 6,281 units, according to DRPCIV statistics published on Friday.In February nee car registrations recorded an increase of 12.77%, compared to 2014, to 4,116 units from 3,650 units. The cars Romanians prefer are Dacia, with 1,275 units, 39.17% more than in 2014. Dacia is followed by Skoda (455 units, +10.98%), Volkswagen (339 units, ...
Infrastructure : Satu Mare gets revamped road following EUR 27 mln funding
Tuesday, March 24, 2015
Satu Mare County Council aims at starting works to improve the 193A county road, with a total length of almost 50 kilometers, the project being estimated at RON 122.6 million lei (EUR 27.7 million), VAT included. The revamp will include works on an efficient system for water collecting and drainage, on side roads, traffic safety works, reads an announcement of the institution. The deadline for completion of the contract ...
Wizz Air confirms 9th airport in Romania
Tuesday, March 24, 2015
Wizz Air confirmed its 9th airport in Romania with the commencement of operations from Constanta. From 15 June, 2015, Wizz Air will offer a new twice weekly service to London Luton from Constanta, on the shores of the Black Sea. Wizz Air will serve the route using one of its new Airbus A320 aircraft. With this new service, Wizz Air is now offering a total of 96 routes to 16 countries from 9 airports in Romania. Wizz ...
Trade: GfK: Europeans buy less, Romanians more
Tuesday, March 24, 2015
GfK studies monitoring household consumption show a 2 percent increase in the value of the shopping basket for the FMCG products last year compared to 2013. This increase had as main supporting pillar the higher purchase frequency, according to a press release. In most of the European countries, the purchase frequency is on a downward curve.Yet Romania does not align to this trend, being ...
Romania’s smartphone market to grow by 30 pct this year
Tuesday, March 24, 2015
Local smartphone market will grow by 30 percent this year from 2.5 – 2.7 million units sold in 2014, amid the ongoing trend of customer migration from feature phones to smartphones, said the head of Samsung Telecom Romania’s Telecom division, Alexandru Munteanu. “Many mobile phone users migrate from a feature phone to a smartphone and I think that there is sufficient ...
Consumers fear online shopping, more companies enforce security measures
Tuesday, March 24, 2015
20 percent of consumers choose to shop online using personal computers, reads PwC’s Total Retail Survey 2015, based on the answers of 19,000 shoppers all over the world.10 percent of them shop via tablets, and 11 percent via mobile phones. Nevertheless, traditional shops are still consumers’ first choice. Although more and more consumers turn to mobile technology to shop, more than half (66 percent) fear that the security of their ...
Online alternative financing market to exceed EUR 7 bln in 2015
Tuesday, March 24, 2015
The European online alternative financing market increased by 144 percent last year, to a level of almost EUR 3 billion and could exceed EUR 7 billion in 2015, according to the first study on pan-European alternative financing conducted by the new Center for Alternative Financing affiliated to the Judge Business School within the Cambridge University, in collaboration with ...
Cars: Car sales in Romania advanced 15.9 percent year-on-year in January and February
Tuesday, March 24, 2015
Car sales in Romania advanced 15.9 percent year-on-year in January and February, to 12,654 units; sales of passenger cars grew 14.6 percent, according to data released on Thursday by the Association of Automobile Producers and Importers (APIA). The domestic production of motor vehicles in February amounted to 35,222 units, down 5.8 percent year-on-year. The total figure for January and February was 69,056 units, 1.5 below the corresponding production in 2014. ...
New car registrations see 3.7 pct increase in Romania this year
Tuesday, March 24, 2015
New car registrations in Romania increased in the first two months of this year by 3.7 percent against the same period of 2014 to 9,094 units, according to data released on Tuesday by the European Automobile Manufacturer’s Association (ACEA). Moreover, Dacia deliveries to EU markets saw a 3.6 percent increase during the analyzed period to 57,106 units and the Romanian brand share ...