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Romanian auto market sees highest H1 advance in Europe
Tuesday, July 19, 2022
European new car registrations dropped almost 14 percent in H1 2022, but the Romanian market had an opposite evolution, recording the strongest increase in registrations compared to the year-ago period, shows data released on Friday by the European Automobile Manufacturers' Association (ACEA).According to the cited source, 5.597 million cars were registered over January - June 2022 in the EU, the UK and EFTA countries (Iceland, Liechtenstein, Norway and ...
Real Estate: Analysts : Positive outlook for real estate market in 2022
Tuesday, July 19, 2022
Romania’s property investment volume in the first quarter of 2022 is estimated at EUR 68.5 million, a value that’s 7 percent lower than the one recorded in the same period of 2021. Analysts expect investments to reach EUR 1 billion in 2022, 11 percent above last year’s total figure, though it is difficult to make accurate predictions in this period marked by uncertainty. Offices accounted for almost 80 ...
Tourism : Five cultural projects promoting tourist routes to get funds under Recovery and Resilience Plan
Tuesday, July 19, 2022
Several Roman forts, Dacian fortresses or museums in Hunedoara County will be promoted by the County Council (CJ) and included in various thematic routes recognized at the national level, after the administrative institution has been granted the necessary funding through projects submitted through the National Recovery and Resilience Plan (PNRR), the local authority informs on Monday.According to the Hunedoara ...
Viseu de Sus named tourist resort of national interest
Tuesday, July 19, 2022
Viseu de Sus has been certified as a tourist resort of national interest after meeting the mandatory minimum criteria, the Ministry of Entrepreneurship and Tourism (MAT) reported in a press statement on last Wednesday."On Wednesday, July 13, the Romanian government passed a decision approving the creation of some settlements or parts thereof as tourist resorts of local interest and amending Annex 5 to Government Decision 852/2008 approving rules and ...
CNN adds Romania’s Apuseni Mountains to a list of best destinations to visit in Europe
Tuesday, July 19, 2022
CNN Travel has published a list of European destinations perfect for a modern-day Grand Tour, and Romania’s Apuseni Mountains are on it. “The Grand Tour was a rite of passage for men and women of certain wealth and status in the late 18th and early 19th centuries, taking in the best Europe had to offer,” CNN says in its article. A total of 17 places from across Europe have been ...
Infrastructure: Law approving Strategic Development Program for Henri Coanda International Airport Infrastructure promulgated
Tuesday, July 12, 2022
President Klaus Iohannis promulgated on Friday, the law amending annex 11 of Government Order 64/1999 approving the Strategic Development Program for Henri Coanda International Airport Infrastructure, the Presidential Administration informs. The strategic development program is “necessary to create airport infrastructure able to process passenger and cargo traffic in conditions of quality and safety,” the document ...
AirConnect targets domestic routes and charter flights
Tuesday, July 12, 2022
AirConnect, a new Romanian air carrier, launches charter flights this summer and will operate domestic routes starting this autumn, using ATR 72-600 planes. AirConnect will launch domestic flights, connecting regional airports with nearby hubs. The first cities in Romania targeted are Bucharest, Oradea, Arad, Timisoara, Craiova, Targu Mures, Sibiu and Baia ...
Wide gauge railway in the Port of Galati, reopened after 22 years
Tuesday, July 12, 2022
The wide gauge railway in the Port of Galati was reopened on Thursday morning, the Minister of Transport and Infrastructure, Sorin Grindeanu announced on his Facebook page."The works carried out by Romanian Railways (CFR) Infrastructure started on June 6 and were completed almost a month earlier than the estimated deadline. From this moment, the freight trains coming from Ukraine, via the Republic of Moldova, can unload the cereals directly in the Port of Galati, ...
TAROM wins in three categories of SkyTeam alliance's Sustainable Flight Challenge
Tuesday, July 12, 2022
Romania's flagship airline TAROM won three awards for lowest emission medium-haul air operator, best waste management and best employee involvement, as part of SkyTeam alliance's Sustainable Flight Challenge, the airline said in a release.According to the cited document, TAROM was also a finalist in the following categories: "Biggest cut in the medium-haul carbon dioxide output", "Lowest carbon dioxide ground handling service", "Boldest move", "Best sustainable ...
Real estate: Survey: Total real estate investment volume in Romania was 566.9 million euros in first semester
Tuesday, July 12, 2022
The overall investment volume in the Romanian real estate market was 566,9 million euros in the first 6 months of 2022, two times more than in the same period of 2021, of which 476.9 million euros in the last three months, according to a study made by Fortim Trusted Advisors company, a member of BNP Paribas Real Estate Alliance. As a comparison, real estate transactions of 194 million euros were conducted in the first two quarters of ...
Eurostat: Rents up by 17%, house prices by 45% since 2010
Tuesday, July 12, 2022
Rents and house prices in the European Union (EU) have continued their steady increase in the first quarter of 2022, going up by 1.4% and 10.5% respectively, compared with the first quarter of 2021, says the latest Eurostat survey. Between 2010 and the second quarter of 2011, house prices and rents in the EU followed similar paths, but since the second quarter of 2011, those paths have diverged ...
CBRE: Bucharest can accommodate another 100,000 sqm mall
Tuesday, July 12, 2022
The stock of modern retail spaces will reach approximately 4.2 mln. sqm in 2022, including 140,000 sqm that will be delivered by the end of the year, according to the Romania Retail Destinations ...
Trade: Romania's per capita consumption of bread and bakery products at 88.57 kg in 2021
Tuesday, July 12, 2022
Bread and bakery products were part of the basic food basket in 2021, with an average monthly per capita consumption of 7.38 kg, compared to 7.60 kg in the previous year; this stands for an annual consumption of 88.57 kg per capita (91.19 kg per capita in 2020), shows data centralized by the National Institute of Statistics (INS).According to statistics, Romania's consumption of meat and meat products was relatively lower compared to the standards in developed ...
Agriculture: Romania, second largest wheat exporter in EU
Tuesday, July 12, 2022
EU wheat exports in 2021-2022 season that ended on June 30, went up by 6.8% to 27.47 million tons from 25.71 million tons in 2020/2021 season, according to data released by the European Commission, Reuters informs. EC figures show that France was the largest wheat exporter in EU with 8.276 million tons exported in 2021/2022, followed by Romania with 6.388 million tons. EC data also show that EU corn ...
Romsilva increases state forest surface by approximately 34,000 hectares
Tuesday, July 12, 2022
The surface of state forests that hold the forest management certification at an international standard increased by 33,766 hectares, after the forests administrated by the Forestry Office of Alesd, Marghita and Sudrigiu, within the Bihor Forestry Department were included in the forest management certification process.According to the quoted source, the total surface of state forests managed by the National Forest Administration-ROMSILVA that hold the forest ...
Milk production goes down in 2021 YOY, wool and egg production goes up
Tuesday, July 12, 2022
The production of milk decreased in 2021, as opposed to 2021, by 1.77%, and wool and egg production increased by 0.7% and 9%, respectively, respectively, according to the data published by the National Institute of Statistics (INS) on Thursday.According to the INS, cow milk production (including for the consumption of calves) was 39.131 million HL in 2021, which was 584,000 HL (-1.5%) below the level of the previous year. Increases were ...
Healtcare: Poll: 20pct of Romanians say have cardiovascular diseases, 18pct rheumatological; 86pct interested in prevention
Tuesday, July 12, 2022
More than 52pct of Romanians say they do not know themselves to have any health problems, while 20.6pct say they have cardiovascular diseases, and 17.9pct face rheumatological problems, according to an opinion poll conducted by INSCOP Research at the request of the Strategic Thinking Group think tank.Asked about their current state of health, 52.2pct of the Romanians say they do not know themselves to have any health problems. 20.6pct say they have ...
Real Estate: Colliers: The building materials and utilities price increase, together with the measures for aligning to ESG requirements
Tuesday, July 5, 2022
In a volatile context generated by rising building material and utility prices, increasing inflation, as well as the border conflict and the effects of the pandemic, the local real estate market could still see an increase in the listing value of commercial real estate properties such as shopping malls, office buildings and logistics centers in the short to medium term, according to Colliers consultants. Investor ...
Telecom. IT: Romania delays 5G auction due to lack of legislation
Tuesday, July 5, 2022
Romania cannot launch procedures to auction off the 5G frequencies until the Communications Code gets the green light, Digital Minister Sebastian Burduja has said, quoted by euractiv.com. The auction for the 5G spectrum represents one of the targets that needs to be completed by 30 June, according to the country’s recovery and resilience plan. But Burduja said ...
Trade: Romania accounts for almost half of online sales in Eastern Europe
Tuesday, July 5, 2022
The value of European e-commerce amounted to 718 billion euros in 2021, and Romania registers almost half of the online sales in Eastern Europe, the Romanian Association of Online Stores informs in a release.With a 13% increase in Europe in 2021, to 718 billion euros, e-commerce has shown that it has become more firmly anchored in the economy and society, after during the COVID-19 pandemic it was for many people the main source of supply, the 2022 ...