RSS
Economic
Tourism : Three-fold YoY increase in H1 number of foreign tourists to Romania
Tuesday, September 6, 2022
The number of foreign tourists to Romania in H1 is threefold the figure registered in the same period last year, Minister of Entrepreneurship and Tourism Daniel Cadariu told a press conference on Tuesday, citing a report by the National Institute of Statistics (INS)."In 2022 compared to 2021, we have a 37 percent overall increase in the number of tourists from 3.2 million to 4.4 million. In 2021 Romanian tourists were three million, and in the first ...
Arrivals in accommodation units, up 2.8pct in July
Tuesday, September 6, 2022
- Compared to July 2021, in July 2022, the arrivals in the establishments of tourists’ reception with functions of tourists’ accommodation increased by 2.8%, while the overnight stays decreased by 1.7%. - Compared to July 2021, in July 2022 customs registered an increase in the arrivals1) of foreign visitors of 49.6% and an increase of 27.6% in the departures1) abroad of the Romanian ...
Infrastructure: Works start on first 21 km of Ploiesti-Buzau highway
Tuesday, September 6, 2022
Sorin Grindeanu, the minister of transports, announced that another important step was made in building Moldova Highways (A7), the fact that CNAIR gave the association Impresa Pizzarotti & CspA- Pizzarotti SA- Retter Project Management the location of lot 1 (Dumbrava-Mizil) of Ploiesti-Buzau highway. He added that works were financed through the National Plan of Recovery and Resilience (PNRR) and must be completed in ...
Since beginning of year, contracts are signed on all types of transport worth EUR 4.7 bln
Tuesday, September 6, 2022
Minister Sorin Grindeanu declared, on Tuesday, in a press conference organized in the Black Sea Olimp resort, that from the beginning of the year and until August 1, financing contracts for all types of transport were signed at the Ministry of Transport in the amount of approximately 4.7 billion euros."To have an order of magnitude, the best year in the past was about two or three years ago and then, throughout the year, contracts were signed for around 2 billion ...
National strategy on intelligent transport systems for 2022 - 2030, approved by gov't
Tuesday, September 6, 2022
The national strategy on the intelligent transport systems for 2022 - 2030 was approved in Wednesday's government sitting, the Executive informs in a press release.According to the government, the piece of legislation includes the National Strategy on Intelligent Transport Systems for the period 2022 - 2030 and the Action Plan for its implementation, "documents that define the framework and priorities for the development of intelligent ...
Transport Minister signs funding contract for Tulcea "Delta Danube" Airport modernisation
Tuesday, September 6, 2022
Transport Minister Sorin Grindeanu signed, on Thursday, a financing contract for the modernisation of the "Delta Danube" Airport in Tulcea, worth 180 million lei."Today we signed a financing contract for the modernisation of the Danube Delta Airport in Tulcea. The airport will have 180 million lei available for the development of a modern passenger terminal and access to facilities for aircraft according to European standards. The funds will be used, ...
Real estate : Romanians bought apartments of 75 million euros from Sobha Dubai developer in first 7 months of 2022
Tuesday, September 6, 2022
The real estate market in Dubai is in full expansion, recording an increase by 61.7% of the number of real estate transactions in 2022 against 2021, according to data of Sobha Dubai real estate developer which show that Romanians bought apartments of 75 million euros from that developer, in the first 7 months. “In the present inflation and geopolitical context, more and more investors focus on the ...
Colliers: The local land market continues to see significant interest
Tuesday, September 6, 2022
The land market remained active in the first half of 2022, maintaining trends seen in the past couple of years which marked the best levels since 2007. Residential developers remain quite actively oriented towards areas just outside of Bucharest, where the land offering is plentiful, prices are smaller and permits are obtained without challenges, reveals Colliers in its market report on the evolution of the real estate market in the first semester of ...
IMPACT Developer & Contractor has increased its sales with 45% in the first semester of 2022
Tuesday, September 6, 2022
IMPACT Developer & Contractor, the first real estate developer listed on the Bucharest Stock Exchange (stock symbol IMP), closes the first semester of 2022 with a 45% sales increase and a 64% gross profit increase compared to the same period of last year. Thus, the developer obtained 90.3 million lei by selling completed units and a 35.23 million lei gross profit, with a 39% gross ...
Trade: Jan - May beverage exports advance 52.3 pct
Tuesday, August 30, 2022
Romania's beverage exports in the first five months of this year amounted to 108.4 million euros, up by 52.3 percent compared to the year-ago period, shows data centralized by the National Institute of Statistics (INS).Beverage imports over the interval January - May totaled 251.7 million euros (plus 45 percent), resulting in a trade deficit of 143.3 million euros for this category of products.Beverage exports were the highest in May - 28.2 million euros, whereas the ...
The e-commerce sales boom is slowing down
Tuesday, August 30, 2022
The first semester of 2022 saw limited deliveries of new modern retail schemes, with only two projects being added totaling some 27,000 square meters, according to Colliers mid-year market report. Looking at the consumption structure, Colliers consultants note that clothing and footwear sales accelerated in the first half of 2022, with spending on various electrical and white goods also doing decently. On the other end of the spectrum, the wider category of goods for ...
Agriculture: Cereals, processed cereal-based products' exports exceeded two billion euros in first 5 months of 2022
Tuesday, August 30, 2022
Romania exported cereals and processed cereal-based products in the amount of 2.155 billion euros, during the first five months of this year, which is 77.2% more when compared to the similar period in 2021, according to the centralized data from the National Institute of Statistics (INS).The largest exports were recorded in March and amounted to 422.4 million RON.On the other hand, during the period of January-May 2022, Romania imported cereal and processed ...
EC cuts the corn production forecast due to low harvests in Romania, France, Bulgaria and Hungary
Tuesday, August 30, 2022
The European Commission reduced by 10% the estimates for this year’s corn harvest in the EU bloc, the second consecutive decrease, due to the severe drought. The reduction in the forecast comes because of lower expectations regarding the harvests in Romania, France, Bulgaria and Hungary, the EC informs, quoted by Reuters. The production of usable corn in the EU, in the 2022/23 season, will be 59.3 million tons, down from a level of 65.6 million tons predicted ...
Healthcare: Romania might have to destroy 8 mln COVID vaccine doses that nobody wants
Tuesday, August 30, 2022
Romania has 8 million COVID-19 vaccine doses that it might have to destroy once they expire as neither the population nor other countries are interested in them, health minister Alexandru Rafila said. And according to him, this would translate into additional costs for the country. "We have more than 8 million vaccine doses in warehouses for which there is no longer any interest. And I'm not just referring to the interest of the population, I'm referring to ...
Leksell Gamma Knife Stereotactic Radiosurgery laboratory, inaugurated at Iasi Neurosurgery Hospital
Tuesday, August 30, 2022
The Leksell Gamma Knife Stereotactic Radiosurgery Laboratory, within the Hospital of Neurosurgery in Iasi, a treatment through which brain surgeries can be performed without a scalpel, was officially inaugurated on Thursday, in the presence of Swedish ambassador to Romania Therese Hyden and Health Minister Alexandru Rafila.The ambassador said that although cancer is a common disease in humans, this serious disease can be treated with the help of technology.According ...
Infrastructure : The biggest contract for railways in PNRR: EUR 1.77 Bln for the Caransebes-Timisoara-Arad route
Tuesday, August 30, 2022
The most important financing contract for the railway sector within the National Recovery and Resilience Program (PNRR), in the amount of 8.77 billion lei (EUR 1.77 bln), was signed and involves the modernization of the Caransebes – Timisoara – Arad railway line, over a total length of 162 km. The financing contract was signed by the Minister of Transport, Sorin Grindeanu, and the general director of the National Railway Company CFR SA, ...
Work on the first part of 21 km of the Ploiesti-Buzau highway have started
Tuesday, August 30, 2022
The minister of transport Sorin Grindeanu announced that another important step for the construction of the Moldova Highway (A7) and the fact that CNAIR gave to the Association Impresa Pizzarotti & C.S,p.A – Pizzarotti S.A. – Retter Project Management the location of lot 1 (Dumbrava – Mizil) of the Highway Ploiesti – Buzau. He added that works will be finalized through PNRR and have to be finalized in 20 months so that in 2025 circulation be open for ...
Construction of subway line connecting Bucharest to airport to begin in March-April
Tuesday, August 30, 2022
Construction works for the first part of the M6 subway line in Bucharest, which will stretch as far as Baneasa, are to begin in March or April of 2023. Once complete, the line will connect the city to Otopeni Airport. Bids for the design and execution of the second part of the line, which will reach Otopeni Airport, can be submitted by the beginning of next month. Three companies have already qualified as bidders in the first stage and will participate in the ...
Sibiu International Airport to open six new routes on over 2.2 billion euro state aid
Tuesday, August 30, 2022
Sibiu International Airport will open six new routes in the next period, with state aid worth over 2.2 million euros, the contribution being over 370,000 euros per route, over a period of three years, according to a decision adopted unanimously by the county councilors on Thursday."The maximum budget of the state aid scheme is EUR 2,234,485.44, and the maximum contribution is EUR 372,414.24 per route for a period of three years. The state aid scheme will be valid until December ...
Tourism : Operating tourist accomodation units' capacity up 5.3% on Q2 2022
Tuesday, August 30, 2022
The capacity of operating tourist accommodation units increased in the second quarter of 2022 by 5.3% compared to the same period of last year, according to data centralized by the National Institute of Statistics.In the total capacity of tourist accommodation in operation, hotels held a share of 59.6%, agri-tourism pensions 15.3%, tourist pensions 10.7%, tourist villas 4.2%, hostels 3.3%, motels 2.7%, tourist chalets 1.7% and other types of tourist accommodation ...