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OICA : Competitive risks could arise from too speedy passage of law mandating 100% EVs
Tuesday, October 22, 2024
Passing a law that mandates 100% electric vehicles in ten years is the easy part, but going too fast could create competitive risks for auto manufacturers, the president of the International Organisation of Motor Vehicle Manufacturers (OICA) John Bozzella said on Thursday in remarks at the Sustainable and Accessible Mobility Forum in Bucharest."When I talk to government leaders, what I hear is that the future is electric. Secondly, shifting to electric ...
Agriculture: Agricultural production value reaches almost 110 billion lei in 2023
Tuesday, October 22, 2024
The value of agricultural production increased 0.6% in 2023 compared to the previous year, totaling 109.89 billion lei in current prices, according to final data the National Institute of Statistics (INS) published on Tuesday.Crop production in 2023 increased 2.1% to 66.26 billion lei in comparable prices, while livestock production fell 2.5% to 40.65 billion lei.According to the statistics, in 2023 as well, crop production held the largest share ...
Financing applications for reimbursement of insurance premiums expected by Nov 4
Tuesday, October 22, 2024
Romania's Agency for Funding Rural Investments (AFIR) has extended by two weeks the submission of financing applications for the reimbursement of insurance premiums for crops, animals and plant under sub-measure 17.1 of the National Rural Development Programme 2014 - 2020, the agency announced on Friday.The new deadline for submitting the applications is November 4, 2024, at 16:00hrs.The appropriations for this call of sub-measure 17.1 (Insurance ...
Healthcare: Romania's national cardiovascular, cerebrovascular health strategy put up for public debate
Tuesday, October 22, 2024
The Ministry of Health on Friday put up for public consultation a draft government decision approving Romania's National Strategy for Combatting Cardiovascular and Cerebrovascular Diseases 2024-2030.According to the document's substantiation note, the strategy emphasises a deep understanding of the health problems of the population and barriers to access healthcare services related to cardiovascular and cerebrovascular pathologies, continuing with solutions ...
Real Estate: Demand for office spaces down by 25pct in Bucharest in Q3
Tuesday, October 22, 2024
The total demand for modern office spaces rented in Bucharest decreased by 25%, in the third quarter of this year compared to the same period in 2023, to 236,000 sq m, and the demand for new contracts rental decreased by 11%, shows a specialized analysis published on Tuesday.According to Colliers data, however, amid companies' efforts to bring employees to the office more often, the medium-term outlook remains positive.Also, real estate ...
Industrial and logistics stock in Romania will reach the 8 million sq. m landmark at the end of 2025
Tuesday, October 22, 2024
The total stock of industrial and logistics spaces in Romania could reach the 8 million sq. m threshold at the end of 2025, if the recent annual development pace of ~500,000 sq. m is maintained. As of mid-year, over 7.125 million sq. m were operational nationwide, with more than 50% of these projects being located in the Bucharest – Ilfov and West regions of the country. The least developed regions in this regard are South – East and North – East, according ...
Infrastructure: TAROM offers one-way tickets on domestic routes from 23 euros
Tuesday, October 15, 2024
TAROM Romanian National Airline Company is putting on sale, October 14 through October 16, 2024, tickets at fares starting from 23 euros for one-way flights on all domestic routes, the national airline operator announced on Monday.The offer is valid for travel starting November 11, 2024."So, once again, at the beginning of this week you can make a good choice by shortening the distance and traveling in Romania from 23 euros for a one-way flight ...
First flight from Bucharest to Paris with HiSky
Tuesday, October 15, 2024
* The airline inaugurates its 13th regular route from Otopeni Airport On Monday, October 14th, the first passengers of HiSky's flight to Paris took off from Bucharest. With this launch, the airline introduced one of the most anticipated regular routes departing from the capital’s airport. HiSky now becomes the third airline, after Romania's and France's national ...
Trade: Romania ranks third in Central and Eastern European states in terms of Ecommerce
Tuesday, October 15, 2024
Romania ranks third among European Union (EU) member states in Central and Eastern Europe in terms of the value of e-commerce, after Poland and the Czech Republic, according to the "European Ecommerce 2024" report, quoted by the Romanian Association of Online Shops (ARMO) in a press release sent on Friday.According to the document, in 2023, the Romanian e-commerce of goods and services reached the value of EUR 10.6 billion, equivalent to 3.32% of Gross ...
Agriculture : Gov't adopts state aid measures for drought-hit farmers
Tuesday, October 15, 2024
The government adopted on last Wednesday two measures to support farm producers affected by drought, providing for financial compensation and the legal suspension of the repayment of current and outstanding loans until August 2025.The decision comes as more than 230,000 farm producers (individuals, companies or family businesses) were hit by drought between September 2023 and August 2024, and provides for drought relief grants in the amount of RON 1,000 for ...
Cars : Dacia Presented Its New SUV, Bigster
Tuesday, October 15, 2024
Dacia presented information and images of the largest and most expensive model in the brand’s history, a C-class SUV that is produced in Mioveni. Bigster is 23 cm longer than Duster 3, comes with new engines and a lot of space inside. Dacia thus announces the second SUV of the range, the Bigster model which is the “big brother” of the Duster. The Bigster had been shown in concept form in ...
APIA: Full electric vehicle registrations, down 37% at 9 months vs 2023
Tuesday, October 15, 2024
Motor vehicle registrations in Romania increased by 6% in the first nine months of 2024, year-on-year, as full electric vehicles took a plunge by 37%, according to data released on Tuesday at a press conference by Dan Vardie, chairman of the of the Association of Romania's Motor Vehicle Manufacturers and Importers (APIA)."In the first nine months of the year we witnessed an increase by 6% in registrations, which is very good compared to what ...
Real Estate: eToro survey: Romanian investors lack confidence in the property market and fear inflation
Tuesday, October 15, 2024
Market commentary by eToro analyst for Romania, Bogdan Maioreanu Investors' attention is focused today on the Consumer Price Index data coming from the US in an attempt to assess the possibility that the Fed will continue with a higher pace of interest rate decreases in the next period. The markets are also trying to assess if the possibility of a recession of the US economy, ...
Real Estate Now Romania’s Second Largest Foreign Investment Sector
Tuesday, October 15, 2024
The real estate and construction sector attracted approximately €2.2 billion of foreign direct investments (FDI) in 2023, as the share of this economic activity in the overall FDI stock stood at 17.5% at the end of 2023, according to data from the National Bank of Romania analyzed by the Cushman & Wakefield Echinox real estate consultancy company. Moreover, foreign direct investments in ...
House prices could rise faster than earnings
Tuesday, October 15, 2024
Falling housing approvals and therefore supply, coupled with rising demand, expectations of easing monetary conditions amid falling inflation and further wage increases, set the stage for rising house price pressures over the medium term. Colliers’ consultants estimate that if current trends continue, residential property prices could return to double-digit growth, outstripping average earnings growth. Buying intentions remain strong despite limited supply, rising ...
Healthcare: 45% of Romanians have taken vitamins and food supplements frequently in the past year
Tuesday, October 15, 2024
A percentage of 94% of the Romanians consumed, over the last twelve months, vitamins, minerals and food supplements, out of whom 45% frequently and 49% occasionally, according to a study carried out by IPSOS Digital, for the Romanian Patronage of the Food Supplements (PRISA).According to the same research, the main sources for information used when deciding to take food supplements are: ...
Tourism: Mountain areas and big cities most popular in Romania this year
Tuesday, October 8, 2024
Mountain areas and big cities such as Brasov, Bucharest, Cluj-Napoca, Sibiu and Sinaia have been the most popular destinations in Romania in the first nine months of the ongoing year, according to preferences of Travelminit.ro website users, recorded in the first nine months of the year. The average price for an accomodation night went up by 8% against last year, the spa sector recording the highest ...
Eurostat: Online bookings on the rise
Tuesday, October 8, 2024
Tourists recorded this year about 208.8 million nights spent in accommodation units booked on a short term in EU, by means of Airbnb, Booking, Expedia Group and Tripadvisor, on the rise by 16.2% against the same period of 2023, according to data released by the European Office fot Statistics (Eurostat). In April 2024, tourists had 53.5 million nights spent in accommodation units on a short term in EU, ...
Jan - Aug arrivals in Romania's tourist accommodation establishments up 4.8 pct YoY
Tuesday, October 8, 2024
Arrivals in Romania's tourist accommodation establishments (rental apartments and rooms included) between January 1 and August 31, 2024 totaled 9.839 million, up 4.8 percent year-over-year, the National Institute of Statistics (INS) said in a release on Friday.Romanian tourists accounted for 83.8 percent of this figure. Overnight stays in tourist accommodation facilities in the first eight months of the year totaled 21.322 million, by 4.1 percent higher ...
Infrastructure : Train ridership in Romania down 3pct in H1 2024
Tuesday, October 8, 2024
The number of passengers in Romania who travelled by train in H1 2024 was 35.54 million, down 3% year-on-year, according to data with the National Institute of Statistics (INS).Of these, 35.299 million passengers travelled inside Romania, and 141,000 took international trips.Passenger rail transport in H1 2024 had a share of 16.6% in the total passenger transport, being far surpassed by road transport, with a share of 77.5%.As for ...