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Real Estate: Over 230,000 sq. m of retail spaces are planned to be delivered in 2023
Tuesday, January 24, 2023
Approximately 100,000 sq. m of retail spaces were delivered last year, with retail parks having an 80% share, while cities such as Bucharest, Timisoara, Pitesti, Turda, Baia Mare, Slatina and Miercurea Ciuc benefited from such investments. The new supply will significantly increase in 2023, as over 230,000 sq. m of retail spaces are currently under construction and are planned to be completed by the end of the year, a total which would represent a record ...
Cars : "Green" cars reach a market share of 21.7% of all registrations in 2022
Tuesday, January 17, 2023
New car registrations increased by 6.8% last year, compared to 2021, with "electrified" cars registering a jump of 49% and a 21.7% market share of the total, according to statistics from the Association of Automobile Manufacturers and Importers (APIA), published on Friday.On the national market, the Top 10 brands, passenger cars plus commercial vehicles, after the 12 months of the previous year, is led by Dacia - with 40,253 units, followed by Ford - with ...
Trade: eMAG: Laptops, ear phones, smartwatches and iPhone 13 most in demand in 2022
Tuesday, January 17, 2023
Products such as laptops, earphones, smartwatches, watches or iPhone 13, were most in demand in 2022, next to appliances for home and family, like refrigerators, vacuum cleaners or Lego satellites, according to data released by eMAG retailer. According to it, 2022 was the year when people continued to value their free time, looking for products and services which should “help them stay connected ...
Jan - Nov 2022 raw milk imports up 4.6 pct YoY
Tuesday, January 17, 2023
Romania's raw milk imports over January - November 2022 totaled 134,714 tons, by 5,965 tons more (+4.6 percent) compared to the year-ago period, shows data released on Friday by the National Institute of Statistics (INS).The amount of cow's milk collected by processing units in the reporting period was 0.2 percent less than in the same period of 2021, at 1.04 million tons.According to statistical data, there was a drop in the output of dairy ...
The shelf price of spirits will increase this year, after the increase of the alcohol excise by 6%
Tuesday, January 17, 2023
The shelf price of spirits will increase this year as a result of the increase of alcohol excise by 6% starting with 1st January 2023, say the representatives of Spirits Romania, the association which gathers the main producers and distributors of alcohol and spirituous beverages in Romania.According to the quoted source, the increase of shelf prices will increase the consumption of ...
Tourism: Company owned by Transylvania Investments fund sells 6 seasided hotels
Tuesday, January 17, 2023
THR Black Sea, a company owned by Transylvania Investments fund, initiated a sales procedure for 6 hotels of 2,3 and 4 stars and other assets on the Romanian Black Sea coast, according to a press release. Tenders were scheduled as of January 25, 2023. “Investors interested in developing business on the Black Sea coast, the most important tourist area in Romania, can now purchase 2,3 and 4 star ...
Tourists choose Sovata spa resort as 'Health & Wellness' best destination of Romania in 2022
Tuesday, January 17, 2023
Head of the Tourist Information Center in Sovata Daniela Bereczki said that the investments made in the spa resort over the last 16 years, from European funds, as well as private investments, made it possible for it to be chosen as the best health and wellness destination (Health&Wellness) in Romania, according to the votes received from tourists."Sovata is always awarded due to the changes that have occurred in this locality, in this wonderful resort. ...
Real estate: Eurostat: The price of houses in Romania increased less than the EU average in the last decade
Tuesday, January 17, 2023
Rents and house prices in the EU continued to increase in the third quarter of 2022, going up by 2.1% and 7.4%, respectively, compared with the third quarter of 2021.Romania recorded among the lowest ...
Land transactions for commercial real estate projects in 2022, almost half compared to 2021
Tuesday, January 17, 2023
The volume of land transactions for commercial real estate projects (excluding industrial and traditional warehouses) amounted to approximately 450 million EUR in 2022, decreasing compared to 800 million as recorded in 2021, according to the estimates of a real estate consulting company.Bucharest and the surroundings of the Capital continue to be the most interesting for investors, attracting two thirds of the total volume, while the residential sector generated ...
Real estate investments reach 1.25 billion EUR threshold in 2022, up 40pct
Tuesday, January 17, 2023
The volume of transactions with commercial real estate assets with a 5 million EUR minimum value totaled approximately 1.25 billion EUR in 2022, 40pct more than in 2021, of which almost 600 million EUR represents the volume traded in Quarter 4 alone, according to a JLL Romania analysis.According to the quoted source, this result represents a record level after the economic crisis of 2008, while at the European level significant decreases were ...
Agriculture: Exports of cereals and cereal-based products at 3.7 bln euros over Jan - Sep 2022
Tuesday, January 17, 2023
Romania's exports of cereals and cereal-based products over January - September 2022 amounted to almost 3.78 billion euros, up 41.2 percent compared to the year-ago period, shows data centralized by the National Institute of Statistics (INS).Export amounts were highest in March, at 619.1 million RON.In the same period, Romania imported cereals and cereal-based products worth 1.27 billion euros (+23.5 percent), resulting in a trade surplus for this ...
Healthcare: HealthMin Rafila: 27 hospital units to receive financing through PNRR
Tuesday, January 17, 2023
The Minister of Health, Alexandru Rafila, announced, on Wednesday, the list of the 27 hospital units that will receive funding through the National Recovery and Resilience Plan (PNRR)."In October 2021, the Government Decision was approved for establishing the selection criteria. In November, we started receiving these projects and we reached the evaluation stage in December and up to the moment we are talking about, we have evaluated these projects. They ...
Survey: Pharmacies in Romania might report cumulated business figure of 30 billion lei this year
Tuesday, January 17, 2023
Pharmacies are now the most profitable businesses, with a business figure that might be 30 billion lei this year, a historic result, according to a Frames survey. According to ...
Infrastructure: Wizz Air closes its base in Bacau
Tuesday, January 17, 2023
Wizz Air low-cost airline has announced today network adjustment and market optimization plans for its operations in Romania to reflect the economic context in change, which did not allow the operation of the base in a viable way. On January 10, 2023, the airline will close its base in Bac?u and benefit from the development opportunity by relocating its capacity to other routes with higher ...
Infrastructure: Road transport of goods up 6.9pct, rail transport down 2.9pct, nine months into 2022
Tuesday, January 10, 2023
The road transport of goods recorded, in the first nine months of 2022, an increase of 6.9 pct in terms of the volume of transported goods, compared to the similar period of 2021, while a decrease of 2.9 pct was recorded in rail transport, according to data centralized by the National Institute of Statistics (INS).In road transport, of the total of 238.448 million tons of transported goods, 83 pct were registered in national transport, which marked an ...
The aircraft of the Hungarian airline Aeroexpress begin flying from Budapest to Cluj-Napoca in December
Tuesday, January 10, 2023
The Hungarian company Aeroexpress Regional launched, starting with 16th December flights from Budapest to Cluj-Napoca and back, sooner than planned, due to the high interest for this service, shows the press release of the airline sent on Thursday by the Hungarian press agency MTI. According to the document, the experience showed that, following the testing ...
AirConnect will operate direct flghts from Constanta to Cluj Napoca, Oradea, Suceava and Timisoara, next summer
Tuesday, January 10, 2023
AirConnect company will operate direct flights from Constanta Airport to Cluj Napoca, Oradea, Suceava and Timisoara, Mihail Kogalniceanu International Airport announced. Those flights will become operational at the end of June 2023. The Airport issued a press release last Tuesday, mentioning that as of June 22, 2023, AirConnect company will operate direct flights from Constanta to Cluj Napoca, Oradea, Suceava and ...
Cars: Romania's new car registrations advance 6.7 pct in 2022
Tuesday, January 10, 2023
Romania's new car registrations stood at 129,328 units in 2022, up 6.7 percent from the previous year, shows data released by the Driving Licenses and Vehicle Registration Department (DRPCIV) cited by the Romanian Automobile Manufacturers Association (ACAROM).The Dacia brand tops the ranking with 39,910 units, followed by Toyota with 10,200 units, Hyundai (9,551), Skoda (8,669), Ford (8,645), Renault (8,443), Volkswagen (8,203), Mercedes (3,572) and Peugeot ...
Number of electric cars bought in Romania exceeds 10,000 units in 2022
Tuesday, January 10, 2023
The number of electric cars purchased in Romania passed the threshold of 10,000 units in 2022, and new car registrations increased by 7% year-on-year, according to a market analysis carried out by an online car platform.According to the data centralized by Autovit.ro, on the new car market, the volume of registrations in Romania reached, at the end of last year, 129,328 units and only in the first half of 2022 this segment had the largest increase in ...
Tourism: Arrivals in tourist accommodation units up by 20.6 pct in first 11 months of 2022
Tuesday, January 10, 2023
- Compared to November 2021, in November 2022, the arrivals in the establishments of tourists’ reception with functions of tourists’ accommodation increased by 51.6% and the overnight stays increased by 55.2%. - Compared to November 2021, in November 2022 customs registered an increase in the arrivals of foreign visitors of 91.0% and an increase of 44.3% in the departures abroad of the Romanian ...