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Real Estate: Investors uncertain about real estate market despite rise in house prices
Tuesday, July 26, 2022
Home prices in Romania rose at the end of Q1 2022 by almost 40% compared to 2015 according to latest Eurostat data. It is a bit less than the average of the 27 EU countries which recorded an almost 46% increase. In the same period the rent price increased only 18% in Romania and 10% in the EU. The ...
Colliers: The logistics and industrial market continues to be the most dynamic real estate sector
Tuesday, July 26, 2022
The logistics and industrial market in Romania has become increasingly strong recently, with a record level of leasing activity in the last two years fueling robust development activity, with average stock growth of around 15-20% per year, according to the recent “ExCEEding Borders I&L” report released by Colliers. 2022 has also started on a decent note in terms of leasing activity, with a solid ...
Nordis Group sold 255 units worth 123.7 million RON in the first half of 2022
Tuesday, July 26, 2022
Nordis Group, the only developer of 5-star hotel and residential complexes in Romania, announces sales of 123.7 million RON in the first 6 months of 2022. This amount represents the value of pre-contracts for the sale of apartments in the 4 projects that Nordis Group has under development at this moment. The signing of the sale-purchase contracts from Nordis Mamaia, which started on July 15 and runs until the end of the year, will considerably increase the total annual ...
Agriculture: Agency for Payments in Agriculture pays 1.4 million lei to farmers in animal breeding sector
Tuesday, July 26, 2022
The Agency for Payments and Intervention in Agriculture (APIA) is currently paying the state aid in the animal breeding sector corresponding to the applications related to services provided in May 2022, according to a press release sent on Thursday.The amount authorized for payment is 1.436 million lei.The money is granted from the state budget, through the budget of the Ministry of Agriculture and Rural Development (MADR), to the applicants who ...
Romania ranked first in Europe for corn exports in 2021
Tuesday, July 26, 2022
Romania ranked first in Europe for corn exports least season, with 4.3 million tons. This year there could be export interdictions. The local corn yield, estimated initially at 14 million tons, could be only 8 million tons, according to more recent estimates. Romania ranked second for sunflower exports last season. Profit could grow by 3.2% over the average of the last 5 years, and that could lead to export ...
Trade: An average European consumes 102 euros a year in organic food, in Romania consumption is two euros
Tuesday, July 26, 2022
The market for organic products in Romania could grow if the Romanian authorities start, little by little, to provide organic food in hospitals, schools and universities, officials of the European Commission's Directorate General Agriculture and Rural Development Diego Canga Fano and Henri Delanghe told Agerpres ...
Infrastructure: Govt. endorses procurement of twelve H2 trains
Tuesday, July 26, 2022
The Government approved, on July 20, the substantiation note for the purchase of twelve hydrogen-powered trains, the transport minister Sorin Grindeanu announced. The estimated value of the contract financed under the EU-funded National Recovery and Resilience Program (PNRR) is estimated at RON 862 mln (EUR 170 mln), VAT included. This is a ...
Healthcare: Survey: One physician for 171 inhabitants in urban area, one for 1,594 in rural area
Tuesday, July 26, 2022
In Romania there is one physician for every 171 inhabitants in the urban area, while in the rural area the ratio is one physician for 1,594 inhabitants, according to the "Romania with a single chip - part two" study, which was launched at the Victoria government Palace by the Sustainability Embassy in Romania, in partnership with the Department for Durable Development."Currently, 53.6% of Romania's population lives in the urban area, while 46.4% in the rural area. ...
Romania has improved its rating in the latest edition of The Wealth of Nations Index
Tuesday, July 26, 2022
The Wealth of Nations Index is an innovative measure of economic development created by the Warsaw Enterprise Institute. Out of 38 classified countries (EU+OECD), Romania ranks 31st. This is a rise of one notch compared to the previous edition. Ireland along with Switzerland and the United States are the top 3 countries on WNI. The Wealth of Nations Index measure is based on two pillars. ...
Tourism: Romania among best and cheapest countries that can be discovered while driving
Tuesday, July 26, 2022
The interest in renting a car during holidays has grown this year, by 162% on the average compared to 2019, and Romania is among the best and cheapest European countries that can be discovered while driving, according to an analysis made by momondo.ro, a global search engine for travels. According to the source, out of a total of 33 European countries analyzed, the best ranking according to five ...
Bucharest hotel Athénée Palace switches to InterContinental brand
Tuesday, July 26, 2022
Ana Hotels, owned by businessman George Copos, has signed a 20-year management contract with IHG Hotels & Resorts for the Athénée Palace hotel in downtown Bucharest, next to the Athenaeum. Athénée Palace, so far affiliated with the Hilton chain, becomes InterContinental Athénée Palace Bucharest starting January ...
Cars: APIA: “Green” cars arrive in Romania at a market share of 20.4% in first semester
Tuesday, July 26, 2022
The number of new cars registered in Romania in semester 1, 2022, grew by 23.2% compared to the same period of 2021, a spectacular jump being made by ecological cars which reached a market share of 20.4%, according to data of the Association of Automobile Manufacturers and Importers (APIA) presented at a press conference, on last Wednesday. According o statistics, in the period of time analyzed the top ...
ACAR: Romania needs over 100,000 new employees in industry
Tuesday, July 26, 2022
Romania has a shortage of employees specializing in industry, especially in fields like programming automatic production machines, industrial robots and IoT platform management. Without specialized labor force, the competitiveness of local industry will suffer, in the context of transition to 4.0 industry, the fourth industrial revolution, according to the results of a survey among investors, made by Frames and ACAR (Association of Automobile Manufacturers in ...
Telecom. IT :ANCOM lays out 5G auction proposals
Tuesday, July 19, 2022
Romanian regulator ANCOM (National Authority for Management and Regulation in Communications) has begun a consultation on its upcoming 5G spectrum auctions, https://developingtelecoms.com/ ...
Infrastructure: Competition Council: Degraded railway infrastructure and lack of investment in Constanta Port affect freight traffic
Tuesday, July 19, 2022
The volume of goods from the Port of Constan?a has increased significantly in the last three years, but the supply, import and export of products and raw materials are affected by the heavily degraded railway infrastructure and the lack of investments, the Competition Council warns. The lack of immediate measures could block the activity of the Port of Constan?a, the authority says. Thus, the volume of ...
Agriculture: Jan - May raw milk imports up 15.7 pct YoY
Tuesday, July 19, 2022
Romania's raw milk imports over January - May 2022 stood at 70,434 tons, 9,574 tons more (+15.7 percent) compared to the year-ago period, shows data released on Wednesday by the National Institute of Statistics (INS).The amount of cow's milk collected by processing units in the reporting period was 4.3 percent less than in the same period of 2021.According to statistical data, there was a drop in the output of dairy products over January 1 - May ...
Interministerial Committee to handle effects of climate change and drought in agriculture
Tuesday, July 19, 2022
Prime Minister Nicolae Ciuca announced that an Interministerial Committee will be established next week, which will handle the effects of climate change in agriculture and the effects of drought in this sector."I had a discussion with [Agriculture] Minister Daea in the Government meeting on Wednesday, and after having conducted an analysis, we made the decision that as of next week we will establish an Interministerial Committee which will handle all the effects ...
Cars: ACAROM: Romanians prefer buying second-hand cars because of the lower prices
Tuesday, July 19, 2022
Data provided by the Association of Romanian Car Manufacturers (ACAROM) and online used car ...
What second-hand cars did Romanians buy in 2021?
Tuesday, July 19, 2022
Volkswagen is the preferred brand by the Romanians who buy second-hand cars, especially the Passat series, as shown by the Mogo Romania data for 2021 and the first half of this year. 24%, respectively 2% of the buyers preferred the German car, followed by those who chose brands such as BMW, Audi, Opel, or Ford. Romanians’ preferences have remained unchanged when choosing a used car for the past two years, ...
Jan - May turnover of motor vehicle, motorcycle trade up 5.3 pct YoY
Tuesday, July 19, 2022
The turnover of trade in motor vehicles and motorcycles over January - May 2022 was 5.3 percent up in unadjusted terms from the same period of 2021, while the turnover for market services provided to the population increased by 39.5 percent, shows data released on Friday by the National Institute of Statistics (INS).The advance of the turnover of wholesale and retail trade, and the maintenance and repair of motor vehicles and motorcycles was the result of growth ...