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Economic
Real estate: Survey: More than 50% of Romanians bought houses last years using own savings
Tuesday, March 28, 2023
61% of Romanians who bought houses last year used their savings. 53% of transactions for two-room apartments, according to a survey made among real estate specialists. “According to real estate specialists who participated in the survey RE/MAX, 61% of people who bought houses/apartments in 2022 used their savings. The most important change was that 28% of people who bought properties with a real ...
VGP Romania Leases Over 8,000sqm Of Logistics Space To Alaska Energies In VGP Park Bucharest North
Tuesday, March 28, 2023
VGP, a European owner, manager and developer of high-quality logistics and semi-industrial real estate, has leased over 8,000 m2 of logistics space in VGP Park Bucharest North to Alaska Energies, an European renewable energy company. The space will be used by Alaska Energies for its expanding logistics operations, in order to storage and distribute its market-leading renewable energy products: photovoltaic solar panels and systems, support structure, ...
2022 recorded the lowest level of delivered retail projects since 2014
Tuesday, March 28, 2023
2022 saw limited deliveries of new modern retail projects, adding to the overall existing retail surface only 77,000 square meters, which is about half the initially estimated delivery and a substantial decrease from the 102,000 square meters recorded in 2021, according to the 2022 annual report published by Colliers. This is the second lowest figure in almost two decades, Colliers consultants underline, but 2023 is ...
Barometer: The most expensive rents in Bucharest are in Pipera, Avia?iei and Floreasca
Tuesday, March 28, 2023
The cheapest rents recorded in the Capital are in the Berceni, Ghencea, Drumul Taberei and Giurgiului districts, while, at the opposite pole, the highest rates are in the Pipera, Aviatiei and Floreasca areas, according to the Bucharest Rent Barometer, according to the real estate platform, imobiliare.NET. The biggest difference is in the case of four-room apartments, where the rent of a house in the ...
Tourism: eSky.ro Analysis: Romanians' Spring Weekend Getaways
Tuesday, March 28, 2023
According to a study made by eSky.ro in collaboration with GfK research agency, Romanians are likely to choose city breaks rather than longer vacations. 54% of respondents in Romania say they would go on a city break – 9% more than those who chose holidays. Romanians will plan, 1.7 city breaks on the average, compared to 1.4 longer vacations. The top of most popular destinations among eSky.ro ...
Romania to implement voluntary quality standard for spa facilities
Tuesday, March 28, 2023
Romania will implement a voluntary quality standard for spa facilities, which will allow professional economic operators to more easily attract foreign tourists interested in health services, the Ministry of Entrepreneurship and Tourism informs in a release.The initiative also aims to facilitate the settlement of medical procedures by the relevant health insurance institutions in EU member states."(...) The voluntary standard will correlate the ...
Trade: Wholesale trade turnover up by 11% in January
Tuesday, March 28, 2023
The turnover in the wholesale trade (with the exception of trade in motor vehicles and motorcycles) increased, in January 2023, in nominal terms, compared to January 2022, both as a gross series by 11%, and as a series adjusted according to the number of working days and seasonality by 16.4%, show the data published on Wednesday by the National Institute of Statistics (INS).On a gross basis, the advance in trade turnover was generated by the increase in ...
Study: The integration of vegan and raw vegan dishes into Romanians’ diet has become more and more popular
Tuesday, March 28, 2023
The latest study conducted by Reveal Marketing Research in partnership with Rawdia, pioneer and market leader in terms of restaurants that exclusively offer vegan and raw vegan dishes, aimed to evaluate the perceptions, attitudes and behaviors of Romanians regarding vegan and raw vegan food in the context in which, according to the latest statistics, the market is constantly developing on this segment. The ...
Romanian Ecommerce Up This Year, Especially In The Luxury Area, Where Sales Are 50% Higher
Tuesday, March 28, 2023
In 2023, the ecommerce market is defined by a series of changes, including the fact that Romanians make purchase decisions more slowly, but buy more frequently and in larger quantities online, the luxury segment has spectacular sales, and online stores are changing their focus to promoting products that bring higher profits. Thus, this year, the ecommerce market will grow by 20% compared to the previous year and the pandemic period, according to an analysis carried out ...
Cars: The auto market of Romania had the highest increase in Europe in February
Tuesday, March 28, 2023
Vehicles sales in Europe increased in February as well, for the seventh month in a row, and the auto market in Romania had the highest rhythm of percentage growth in Europe, show the data published on Tuesday by the Association of European Automobile Constructors (ACEA).This association which represents the 16 big auto constructors in Europe informed that 802,763 cars were registered in February 2023 in the EU, Great Britain and the AELS countries (Iceland, ...
Trade: Romania's online shopping value reaches 6.3 billion euros in 2022
Tuesday, March 21, 2023
The value of online purchases in Romania in 2022 was 6.3 billion euros, up slightly from the previous year, when 6.2 billion euros were recorded, according to the latest report by GPeC, the Romanian Association of Online Shops (ARMO) and the main players on the market.According to data from the National Institute of Statistics (INS), quoted in the release, two-thirds (66%) of internet users placed at least one online order in 2022, up 8.7 percentage points ...
Telecom. IT: Survey: The Romanians spend at least one hour per day on social media
Tuesday, March 21, 2023
The largest part of the Romanians (93%) spend at least one hour per day on social media and almost a quarter (21%) spend more than four hours, show the results of a study made by Zitec and Ipsos.Facebook is still the most used platform of social media (86%), followed by Instagram (69%) and Tiktok (61%), the last having the highest increase in the Romanians’ preferences, as compared to last year ...
Romania invests 6.6 million euros in government cloud
Tuesday, March 21, 2023
Romania has become an example to follow in terms of digital transformation, having initiated a unique legislative package at the European level, and in terms of the government cloud, it has invested over 6.6 million euro from the National Recovery and Resilience Plan (PNRR), Minister of Research, Innovation and Digital Transformation Sebastian Burduja told the Romanian Business & Investment Roundtable conference on Thursday."In terms of the government ...
Infrastructure: CN Aeroporturi Bucuresti allocates 7.1 million lei for planning and maintenance of green spaces
Tuesday, March 21, 2023
The National Company Aeroporturi Bucuresti (CNAB) allocates 7.1 million lei, without VAT for planning and maintenance of green spaces, the contract being signed for a period of 48 months, according to a participation announcement posted on the Electronic System of Public Acquisitions (SEAP).‘It is a contract for services thought for four years for the planning and maintenance of the green spaces on both sides of the access ...
Over 60 million tonnes of goods are loaded/unloaded in 2022 in maritime vessels operated ports
Tuesday, March 21, 2023
The goods loaded and unloaded in the ports where maritime vessels are operated totaled 60.26 million tonnes in 2022, with 14.899 million tonnes recorded in the last quarter of the year, according to data centralized by the National Institute of Statistics.Container transport amounted to 688,000 TEU in 2022 and 186,000 TEU in the fourth quarter of 2022.The values of the main maritime port transport indicators corresponding to the year 2022 marked ...
Tourism : Travel trends – Romanians have a growing interest in Asian destinations
Tuesday, March 21, 2023
As travel returns to normal and more and more people are looking to expand their horizons and travel interests, Romanians are also looking at other destinations, besides their preferred European city-breaks. Kiwi.com, a leading travel-tech company, offers information about where Romanians are traveling and what destinations have caught their eye: destinations in Asia are of particular ...
Accor opens new Mercure Hotel in Chisinau
Tuesday, March 21, 2023
Accor hospitality group has signed an agreement to open a new Mercure hotel in Chisinau, Republic of Moldova, under a franchise agreement with a local partner, Coriap SRL. The hotel will be the ...
National Mineral Waters Company merges with Germisara, enters spa & wellness tourism industry
Tuesday, March 21, 2023
The National Mineral Waters Company (SNAM), a company running 100pct on state capital, under the subordination of the Ministry of Economy, has merged by absorption with Germisara, an entity whose sole shareholder is the Ministry of Economy.According to a press release sent on Wednesday, as a result of this merger, SNAM adds to its portfolio a new license for the exploitation of balneo-therapeutic mineral waters located in the Geoagiu Bai resort and thus ...
Romania's hotel industry sees sped-up rebound in 2022
Tuesday, March 21, 2023
Romania's hotel industry followed global trends of growth in 2022 in terms of hotel occupancy, with arrivals across the country reaching 84% of pre-pandemic levels, according to the annual report published by Colliers.Romania would have easily surpassed 90% of pre-pandemic arrivals had international tourism recovered faster, in line with local tourism, Colliers consultants estimate.According to the research, Bucharest and other major cities in ...
Real Estate: Deliveries of new houses, apartments in Bucharest and its surroundings could decrease by 11pct in 2023
Tuesday, March 21, 2023
Approximately 19,000 houses and apartments could be delivered in 2023, in Bucharest and its surroundings, 11pct below the 2022 offer, and about one third will be attracted to the northern area of the city, according to the "Romania Residential Market Genome" market report drafted by a real estate consulting company.According to SVN Romania, last year 21,328 homes were completed in Bucharest and its surroundings, compared to the estimate of 21,000 units made ...