Economic
Agriculture: Agriculture Ministry publishes framework for implementing 2021-2027 Aquaculture, Fisheries Programme
Tuesday, March 21, 2023
A draft government decision establishing a general framework for the implementation of operations co-financed from the European Maritime, Fisheries and Aquaculture Fund under the 2021-2027 Aquaculture and Fisheries Programme (PAP) was posted under decision-making transparency rules, the Ministry of Agriculture and Rural Development (MADR) announced on Wednesday.The European Commission on November 30, 2022 approved Romania's 2021-2027 Aquaculture and ...
Cars: New passenger car registrations increase 37.8% in first two months
Tuesday, March 21, 2023
New passenger car registrations in Romania increased 37.8% in the first two months of this year, compared to the same period in 2022, and the "green" passenger car segment reported an increase of 63.2%, according to data published on Monday by the Association of Automobile Manufacturers and Importers (APIA).On the domestic market, in the top ten car makes, passenger cars and commercial vehicles, Dacia ranks first - with 9,359 units sold, in two months. The ...
One in five of Romania’s January car sales electric, hybrid
Tuesday, March 21, 2023
Electric and hybrid cars made up more than 20% of new cars sold in Romania in the first month of 2023, the latest data from the Association of Automobile Manufacturers and Importers shows. For the first two months of 2023, 8.6% of purchased cars were full-electric compared to just 5.9% over the same period in 2022, the same statistics ...
Romania's national production of motor vehicles, up 10pct two months into 2023
Tuesday, March 21, 2023
The number of motor vehicles produced in Romania in the first two months of 2023 reached 87,328 units, up 10.14% y-o-y, according to data published on Tuesday by the Association of Romanian Automobile Manufacturers (ACAROM).In February 2023, the national production of motor vehicles was 48,760 units, up 9.8% y-o-y.Between January and February 2023, 87,328 motor vehicles were manufactured in Romania, up 10.14% y-o-y.Of these, 57,676 ...
Infrastructure: Craiova International Airport signes a 12 million EUR contract to buy equipment
Tuesday, March 14, 2023
The management of the Craiova International Airport signed on Friday a 12 million EUR contract with the association of companies that won the tender for the supply of intervention equipment and machinery."These equipment will ensure both usual operations, such as runway maintenance, regardless of the season, as well as emergency interventions, fire or rescue situations. This way, the Craiova International Airport will align with the major airports of Europe, ...
Trade: Electronic trade market in Romania dominated by women, like in EU
Tuesday, March 14, 2023
European electronic trade market is dominated by women (56%), while the Romanian market followed European tendencies, according to the latest study “E-commerce 2023 barometer. Why we like e-shopper women”, released by a local courier company on last Tuesday. According to DPD Romania, the top of products preferred by Romanian online shoppers includes categories like Beauty/Health Care (64% ...
Electronic transactions of over 4.1 million RON for purchase of flowers, in first 3 months
Tuesday, March 14, 2023
The electronic transactions carried out by Romanians for the purchase of flowers, on the occasion of Valentine's Day, Dragobete, March 1 and 8, exceeded 4.1 million RON, an increase of 40% this year, compared to the situation in 2022, the centralized data show by a payment technology and service provider.According to Global Payments, in 2023 - until March 8 - approximately 36,000 electronic transactions were made by Romanian buyers in the ...
Rel Estate: Over 50% of all industrial and logistics spaces in Romania are in Bucharest-Ilfov
Tuesday, March 14, 2023
At the end of last year the stock of industrial and logistics spaces in Romania reached 6.45 million sqm, more than 90% of these spaces being located in Bucharest and in the West, South-Muntenia, North-West and Center regions, reveals the "Romania Industrial & Logistics Market" report published on Tuesday.Data centralized by Cushman & Wakefield Echinox show that the Bucharest-Ilfov region currently has a stock of over 3.24 million square meters of storage ...
Number of completed housing units in Romania up by more than 1,900 units in 2022
Tuesday, March 14, 2023
A total of 73,332 housing units were completed in Romania in 2022, by 1,927 more than the previous year, shows data released on Friday by the National Institute of Statistics (INS).In the last quarter of last year, 20,538 housing units were handed over, down by 1,246 compared to the same period in 2021.A breakdown by area of residence shows that in 2022, of the 73,332 completed dwellings, there was a decrease in the share of these housing units ...
Deloitte Study: Real estate companies in Romania and in the region expect market activity to decrease this year
Tuesday, March 14, 2023
More than half of real estate companies in Central and Eastern Europe expect market activity and investment volumes to decrease, amid uncertainties related to the evolution of the conflict in Ukraine, but a similar percentage (46%) estimate current investment average yields to increase, according to Deloitte 2023 Real Estate ...
Healthcare: Estimated prevalence of chronic kidney disease is up to 10% in Romania
Tuesday, March 14, 2023
The estimated prevalence of chronic kidney disease in Romania is up to 10%, the minister of Health, Alexandru Rafila, announced on Thursday.According to the minister, only one out of ten people suffering from this disease is discovered in its early stages.Alexandru Rafila was present on Thursday at a press conference on the occasion of the launch of the national information and awareness campaign for chronic kidney disease dubbed "Cardiovascular ...
Over 3,000 generic drugs have disappeared from the market in recent years
Tuesday, March 14, 2023
More than 3,000 generic medicines have disappeared from the market in recent years, warned Thursday the representatives of the Romanian Generic Medicine Manufacturers Association (APMGR) in a press release."Patients in Romania have been paying more and more for medicines in recent years due to the pricing and charging policies established by the government, to which is added the accelerated increase in production costs, generated by the pandemic and the war ...
Agriculture: The European Commission has reimbursed Romania 264 million euros for EAFRD projects
Tuesday, March 14, 2023
Over 264 million euro were reimbursed to Romania in March from the European Commission (EC) for the projects in the European Agricultural Fund for Rural Development (FEADR), shows a press release of the Agency for the Financing of Rural Investments (AFIR), sent on Friday.The transfer of the total sum of 264,043,355 euro at the beginning of March this year represents the expenses made through AFIR and required for payment by Romania for ...
Minister Daea: Every year we bring to Romania from the EU around three billion euro for agriculture
Tuesday, March 14, 2023
Approximately three billion euro from the budget of the European Union is allocated, annually for agriculture in Romania, said on Thursday in Botosani the minister of agriculture and rural development Petre Daea.Present in the Botosani county for the promotion of the opportunities for financing through the National Strategic Plan 2023 – 2027, Daea said that European money is necessary to cover the financial ...
Only 74 non-food products, traded in Romania have a European ecological label
Tuesday, March 14, 2023
Only 74 non-food products in Romania have a European ecological label and carry the sign of the European flower, for the rest either the agreement was not required for the EU sign or the criteria were not followed at European level, informs the National Agency for the Protection of the Environment (ANPM) in a press release sent on Friday.‘The shelves in shops are ...
Real Estate: Colliers : The Romanian retail market remains among the most profitable in the region
Tuesday, March 7, 2023
The retail market in Romania remains among the most profitable in the region and there are new brands that still want to come here this year, Colliers Romania Retail Agency Director Liana Dumitru told a specialist conference on last Friday."We ended a rather difficult year with many challenges, but also with results beyond expectations. We witnessed a rapid rebound in consumption after the lifting of restrictions, with the arrival of summer, high traffic in shopping ...
Romania in the top 3 of VGP’s new leasing contracts, in 2022, with EUR 5.2 million
Tuesday, March 7, 2023
VGP, a European provider of high-quality logistics and semi-industrial real estate, announces the results for the financial year ended 31 December 2022. VGP reports strong rental activity with € 73.4 million of signed and renewed leases bringing the annualised committed leases to € 303.2 million, a 18.4% YoY increase; 44 projects delivered representing a record 1,141,000 m² and € 71.9 million of annualised rental income; 26 projects under construction at year-end ...
Infrastructure: Air transport up 87.6pct in 2022
Tuesday, March 7, 2023
Air passenger transport increased by 87.6pct, in 2022, compared to the previous year, with 20,971,800 passengers recorded, compared to 11,176,800 passengers in 2021, according to the data released by the National Institute of Statistics on Friday.The largest shares in terms of passenger transport were registered at the Henri Coanda airport in Bucharest, with 6,338,200 passengers embarked and 6,251,000 disembarked, Avram Iancu airport in Cluj-Napoca, with 1,333,000 ...
Tourism : Arrivals in tourist accommodation units up 24.4pct in Jan
Tuesday, March 7, 2023
Arrivals registered in tourist accommodation units (including apartments and rooms for rent), in January 2023, totaled 784,000 people, an increase by 24.4pct compared to January 2022, according to data released by the National Institute of Statistics (INS) on Thursday.Of the total number of arrivals, in January 2023, those of Romanian tourists in tourist accommodation units represented 84.5pct, while foreign tourists accounting for only 15.5pct.The overnight ...
Accor to open a new Mercure Hotel in Bucharest
Tuesday, March 7, 2023
Accor, a world-leading hospitality group, announces the opening of a new Mercure hotel in Bucharest, in the fall of 2023. The new opening follows the conclusion of a franchise agreement with local company Sab Serv Expres SRL. The hotel will operate in a fully refurbished building on Dimitrie Cantemir Blvd., close to Unirii Square and the Old City Centre. Mercure Bucharest Cantemir will offer travellers coming to Bucharest and the local community 40 ...