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Economic
National production of automobiles goes up by 24.6% during first 11 months
Tuesday, December 20, 2022
Romania produced, in November of this year, 48,562 cars, and in the first 11 months a total number of 473,535 units, with 24.6% more compared to the same period in 2021, according to data published on Friday by the Romanian Automobile Manufacturers Association (ACAROM).Official statistics reveal that, of the total number of passenger cars produced in November, 33,066 units left the gates of the Dacia plant in Mioveni, and ...
New car registrations increase 7% in the first 11 months; 57.7% advance for electrified cars
Tuesday, December 20, 2022
New car registrations increased by 7% in the first 11 months of 2022, compared to the same period last year, with "electrified" cars registering an advance of 57.7% and reaching a share of market of 20.9%, according to an analysis carried out by the Association of Automobile Makers and Importers (APIA).In November, there was a 2.5% decrease in vehicle registrations compared to the same month of the previous year. Cars (which represent approximately 84% of ...
Infrastructure: Two million lei allocated in the 2023 budget for the finalization of the Brasov Airport
Tuesday, December 20, 2022
The liberal (PNL-ruling party) deputy, Gabriel Andronache, the PNL deputy Cristina Vecerdi and PNL senator Mihai Vestea lodged an amendment to the law for state budget for next year which was approved, on Wednesday in the plenary of the Parliament and which includes the allocation of two million lei, in the budget for the finalization of Brasov Airport before the putting to use of the airport in June ...
Number of passengers at "Stefan cel Mare" Airport in Suceava increases 70 pct against 2021
Tuesday, December 20, 2022
The number of passengers at the "Stefan cel Mare" Airport increased this year by 70pct, compared to 2021, reaching 715,405 from 729 flights, President of the Suceava County Council (CJ) Gheorghe Flutur told a news conference, on Thursday.He showed that it is estimated for the number of passengers who are to be processed at the "Stefan cel Mare" Airport by the end of this year to reach approximately 800,000.The President of the Suceava CJ ...
Trade: Analysis: Retailers sell 20% less products in December
Tuesday, December 20, 2022
In December, one of the most effervescent shopping periods of the year, retailers will see a decrease of between 5% and 20% in the number of products sold compared to the same month last year, but they will have higher revenues by about 5% in the context of high inflation, shows an analysis carried out by White Image, an email marketing agency in Romania. According to its representatives, businesses that have not invested in audience profiling will suffer, as their ...
Romanians are the youngest European buyers shopping in duty-free stores
Tuesday, December 20, 2022
3.8 (out of 5) is the degree of satisfaction of Romanians in duty-free stores in the european area, the services and luxury products segment being the most appreciated. One out of three Romanian customers completes a visit in duty-free locations through purchase and one out of two declares that they visit these spaces when they travel, both percentages being above the European ...
Real estate: Vacancy rate of new office buildings is half old buildings' rate
Tuesday, December 20, 2022
The vacancy rate of modern buildings, erected in the last 10 years in Bucharest, was about 10% by mid 2022, compared to 18% for buildings completed until 2012, according to an analysis made by Colliers, a real estate consulting company. “This major difference brings to the fore quality improvements made for offices built in Romania, while older and better located buildings maintained their ...
Telecom. IT: All mobile phone operators fulfill the obligation of signal coverage for 98% of Romania's population
Tuesday, December 20, 2022
ANCOM (National Authority for Communications Management and Regulations) announced that it completed a new coverage checking campaign for mobile phone services and all operators had fulfilled the obligation of signal coverage for 98% of Romania's population. “According to field measurements, RCS&RDS covers mobile voice services for 98.8% of the population, Orange Romania -98.5%, Telekom Mobile ...
Real estate: Genesis Property real estate developer installed 1,000 photovoltaic pannels on Novo Park office buildings in Bucharest
Tuesday, December 13, 2022
Real estate developer Genesis Property announced that it had implemented a renewable energy project in an office park in Romania, installing more than 1,000 photovoltaic pannels on an area of 4,000 sq.m., on the roofs of office buildings within Yunity Park in the north of Bucharest, following an investment of 1 million euros. This project is part of a series of sustainable development initiatives of ...
Europe’s real-estate investors have more pessimistic expectations for 2023 than they did for the pandemic years
Tuesday, December 13, 2022
Europe’s real-estate investors are pessimistic about the sector’s prospects in 2023. They expect high energy prices and a recession to lead to lower occupancy and rents, even in previously strong sectors, and thus lower profits and investment, according to the Emerging Trends in Real Estate 2023 report by PwC and the Urban Land Institute. A recovery in the real-estate sector is not likely ...
Most real estate investors, developers present in Romania plan to expand local portfolio
Tuesday, December 13, 2022
Real estate investors and developers in Romania believe that inflation, the increase of financing costs, the geopolitical situation and the increase of construction costs are the main factors that impact the real estate market, going to influence both the demand and the level of rents, but they remain positive, most of them having plans to expand in the next three years, according to a barometer carried out by a real estate consulting company.Inflation was ...
Healthcare: Administrations of hospitals in Bucharest and Paris sign framework agreement for international cooperation
Tuesday, December 13, 2022
The 19 hospitals within the Bucharest Hospitals and Medical Services Administration and 38 hospitals in Paris can initiate exchanges of experience, best practices and personnel and will be able to carry out joint professional training and research projects following a partnership signed between the two institutions."The Bucharest Hospitals and Medical Services Administration (ASSMB) and Assistance Publique - Hopitaux de Paris (AP-HP) signed, for the first ...
Study: Share of inpatient curative and recovery services stands at 45.7 pct
Tuesday, December 13, 2022
Romania's health system focuses mainly on the healing component, instead of assigning greater importance to prevention, reveals the study "The economic impact of the private healthcare sector in Romania", carried out by the Patronage of Private Medical Services Providers (PALMED) and presented, on Wednesday, at an event at the Palace of Parliament.The study shows that, in 2020, the share of inpatient curative and recovery services was 45.7% and only 11.2% ...
Infrastructure: Investments of over 260 ml RON to modernize Braila and Galati Danube ports
Tuesday, December 13, 2022
Transport and Infrastructure Minister Sorin Grindeanu signed on Wednesday two financing contracts worth around 264 million RON that will improve the operational capacity of the Braila and Galati Danube ports.A 126.82 million RON contract is aimed at integrating Braila Port with the international flow of goods and at the modernization of the port infrastructure and inner access roads so as to increase the port's cargo capacity.The works are due ...
Telecom. IT: More than 8 out of ten households in Romania have Internet connection in 2022
Tuesday, December 13, 2022
More than eight out of ten (82.1%) households in Romania had access to the Internet this year, an increase of 1.3 percentage points compared to the data posted in 2021, according to the National Institute of Statistics (INS).According to the same source, the proportion of people aged between 16 and 74 who have ever used the Internet was 89.7%, 1.1 percentage points more compared to the previous year, of which 95.4% in the last three months, ...
Cars: ACAROM: National automobile producton grew by 28% in first 10 months
Tuesday, December 13, 2022
The national automobile production grew by 27.7%, up to 425,425 units in first 10 months of the year, compared to the same period of 2021, according to data centralized by ACAROM (Association of Automobile Manufacturers of Romania. According to statistics, at October 2022 level, 43,452 cars were manufactured in Romania, of which 28,941 units at Dacia Works Mioveni, and 14,511 units at Ford Works, ...
Trade: Survey: Romanians choose beer for celebrations this year
Tuesday, December 13, 2022
Romanians intend to buy and drink first of all beer this year for celebrations, 49.3% of respondents to a study indicating this type of drink as being first on their list of alcoholic beverages. “Although winter holidays are associated with the consumption of wines and liquors, this year Romanians intend to buy and drink beer first of all, 49.3% of respondents indicating this type of drink as ...
Tourism: Most Romanians prefer to spend their holidays in Romania
Tuesday, December 13, 2022
Almost two-thirds of Romanians (65%) choose to spend their holidays in Romania, to the detriment of traveling abroad (29%), according to the latest study conducted by Reveal Marketing Research, at the request of Nordis Group, published on Thursday.According to the research, among those who say they prefer vacations in Romania, 34% opt for stays at the sea, and 31% for those spent in the mountains. Also, 4% of respondents choose spa resorts, while 2% would go ...
Arrivals at Romania's tourist accommodation facilities, up 18.6cpt in first 10 months of 2022
Tuesday, December 13, 2022
Arrivals at Romania's tourist accommodation establishments between January 1 and October 31, 2022, totalled 9.674 million people, up 18.6% y-o-y, according to data with the National Institute of Statistics (INS).Of the total number of arrivals, Romanian tourists made up 86.3% and foreign tourists 13.7%.Overnight stays January 1 - October 31, 2022 totalled 21.104 million, up 14.2% y-o-y.Of the total number of overnight stays in ...
Telecom.IT: Study: Software industry business in Romania will reach a record level of 11 billion euros in 2022
Tuesday, December 6, 2022
The business figure of companies in the software industry in Romania has grown by 14.5% against 2020 and was 246% higher than in 2012, to the record level of about 10 billion euros in 2021, according to Finance Ministry data, a study made by KeysFin analysts shows. “We estimate the continuation of the uninterrupted growth tendency of the last 10 years and reaching a new historic high this year, of ...