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Economic
Only 5% of all completed digitization projects is used in the Romanian public sector
Tuesday, May 24, 2022
Only 5% of completed digitization projects, with application in the Romanian public sector, are actually used and continue to be developed and benefit from maintenance services – are the conclusions of an analysis of OVES Enterprise, a Romanian software development company, established, in 2015, in Cluj-Napoca. The cumbersome procedure, red tape, lack of specialists for project analysis, long duration of the tender ...
Agriculture: Romania has the most wine farms in the EU, but also the smallest
Tuesday, May 24, 2022
Romania had 844.015 vineyards in 2020, equivalent to 37,9% of the 2,2 million vineyards that existed throughout the European Union, Eurostat data shows on Friday. The large majority of the vineyards in the EU are very small, 83.3% of them having a surface under one ha. This is valid especially in Romania, where a vineyard is, on average, 0.21 ha, the smallest surface in the EU ...
Agriculture: Corteva Agriscience extends sunflower seed production in Romania with 14 million euro investment
Tuesday, May 17, 2022
Corteva Agriscience completed a 14 million euro investment in the production unit in Afumati, Ilfov, one of the most modern Corteva production facilities in the world and the largest seed processing station in Romania. The investment project, consisting of a new deposit and conditioning unit, will allow Corteva Agriscience company to shorten the supply chain, to increase the reaction and delivery ...
Law facilitating investments in irrigation systems from national and European funds promulgated
Tuesday, May 17, 2022
President Klaus Iohannis promulgated on Friday, the law amending and completing the Land melioration law no. 138/2004 and the amending of article III, paragraph (1) and (3) of law 269/2015 approving government emergency order 4/2015 amending government emergency order 83/2011 on certain organization measures for land melioration, the Presidential Administration informs. The document mentions ...
Livestock existent on December 1, 2021
Tuesday, May 17, 2022
• In 2021, the cattle, pig and sheep and goats livestock decreased compared to 2020. • Romania ranked third in the hierarchy of the European Union member states for the sheep and goats livestock. The total number of cattle and the origin livestock (milk cows, buffalo cows for reproduction and heifers for reproduction) decreased on December ...
Real Estate: Hagag Development invests over EUR 20 mln in new residential project in Bucharest
Tuesday, May 17, 2022
Real estate developer Hagag Development Europe announced that it would invest more than EUR 20 million in a new upper-premium residential project in Bucharest. Currently in the design phase, H Primaverii 1 will rise above a 1,360 square metres plot of land and showcase, once completed, more than 4,000 square metres GBA of residential units and commercial ...
Infrastructure: Gov't: 126 million RON investment to modernize and develop Braila Harbor
Tuesday, May 17, 2022
The Government approved, on Wednesday, the technical-economic indicators for a project to modernize and develop Braila Harbor, the total value of investments being 126.8 million RON, VAT included, announced Dan Carbunaru, the Executive's spokesperson.The investments entail harbor infrastructure works on the Danube operation front adjacent to the jetty.According to Carbunaru, the objective of these works is to offer optimum conditions for ...
Iasi International Airport to receive over 300 million RON investments
Tuesday, May 17, 2022
Iasi International Airport will receive financing worth over 300 million RON to build a new passenger terminal and to reconfigure the network of access roads and parking spaces, announced the Minister of Transport and Infrastructure, Sorin Grindeanu."The financing contract was signed for the project to develop Iasi International Airport! We can thus extend the passenger terminals and the parking facilities of this airport. The total eligible value of ...
Cars: Registration of "electrified" cars up 131.1pct in Jan-April
Tuesday, May 17, 2022
Car registrations in Romania increased by 36pct in the first four months of 2022, compared to the same period last year, while "electrified" versions jumped 131.1pct, according to data published on Wednesday by the Automotive Manufacturers and Importers Association (APIA)."After the important evolution the first three months, April 2022 comes with an increase of only 7.4pct in car registrations compared to the previous year, an increase registered after 4 ...
Healthcare: KEYFIN ESTIMATES: The ROMANIAN private health care SERVICES, RECORD LEVEL in 2021
Tuesday, May 17, 2022
The turnover of the Romanian private medical services market rose by 11% compared to 2019 and exceeded the 2011 level by 312%, reaching lei 15.4 billion in 2020, according to the latest KeyFin analysis. For 2021 KeyFin analysts estimate lei 17 billion threshold to be exceeded, due to the testing process and the increased demand for private services, in the context of re-directing efforts of public hospitals to treating COVID-19 ...
Trade: KEYSFIN ESTIMATE: The Romanian food retail turnover could exceed 142 billion LEI in 2021
Tuesday, May 17, 2022
The food retail turnover increased by almost 10% compared to 2019 and was 97% above the 2011 level, reaching the level estimated in last year’s analysis dedicated to this market, of almost lei 130 billion in 2020. For 2021, KeysFin analysts estimate exceeding the lei 142 billion threshold, due to the increased demand but also to the heightened inflationary pressures. The food retail industry had a ...
The soft drinks industry contributed over 3,65 billion euros to Romania’s economy in 2017-2020
Tuesday, May 17, 2022
The soft drinks industry contributed over 3.65 billion euro to Romania’s economy in 2017 – 2020 out of which one billion euro direct gross added value, shows a study Deloitte Romania commissioned by the National Association of Soft Drinks. The study ‘ The economic impact of the soft drinks industry in Romania’ shows that the soft drinks industry is developing, fact which is shown ...
Tourism: ANAT: Tourism activity was at a capacity of 45% in 2021; labor force decreased by only 30%
Tuesday, May 17, 2022
Tourism was at a level of 40-50% of the capacity in 2021, but even so, the workforce in the domain dropped only by 30%, stated in a conference Dumitru Luca, the chairman of the National Association of the Tourism Agencies (ANAT).He added that the touristic packages offered by the tour operators are adapted to all kinds of situations where the tourist could be, at a certain moment, to offer his ...
Tourism : Arrivals in accommodation units increase by 48 pct in March
Tuesday, May 10, 2022
- Compared to March 2021, in March 2022, the arrivals in the establishments of tourists’ reception with functions of tourists’ accommodation increased by 48.2%, while the overnight stays increased by 55.6%. - Compared to March 2021, in March 2022 customs registered an increase in the arrivals of foreign visitors of 265.6% and an increase of 96.5% in the departures1) abroad of the Romanian ...
Booking platform records 52pct increase in searches for Romanian tourist destinations due to holiday vouchers
Tuesday, May 10, 2022
The search for Romanian sojourns have increased by 52% in just one week, as the holiday vouchers for 2022 have already started to be loaded, according to an analysis published on Friday by an online booking platform."The search for holidays in Romania has increased by 52% in just one week, with tourists already making plans for the summer months. In this context, we tried to prepare in advance for this moment when the money are hitting the ...
Twelve culture, tourism trails designed to raise by 50pct foreign tourists in Romania by 2026
Tuesday, May 10, 2022
Senior official with the Ministry of European Investment and Projects Hegedus Csilla said that one of the objectives of 12 culture and tourism trails to be created under Romania's National Recovery and Resilience Plan (PNRR) to highlight the country's cultural heritage is to attract a larger number of foreign tourists to Romania.She told a news briefing that the target is for the number of foreign tourists coming to Romania to increase by 50% by ...
Real Estate: Colliers: Romania’s real estate investment market could exceed EUR 1 billion in 2022
Tuesday, May 10, 2022
Looking at the high activity levels seen at the start of the year, Colliers said in a recent report that the investment volumes in Romania could finally exceed EUR 1 billion in 2022. Several deals were already closed or signed in the first month of the year. "Just a few big-ticket office deals in quite advanced stages - which Colliers consultants predict with a fairly high degree of certainty will close ...
The companies look for buildings with green spaces to encourage the coming back for employees to the office
Tuesday, May 10, 2022
The companies have started to implement the plans for the progressive coming back for the employees to the office and in the real estate domain there is a constant preoccupation for sustainability, shows an analysis published on Tuesday by a company specialised in real estate services offered to the entrepreurship environment.According to the document, sustainability means ...
Volume of trade in residential segment of Romania up by 25 pct in first three months
Tuesday, May 10, 2022
The volume of transactions on the residential segment in Romania has increased by 25% in the first quarter of this year, compared to data from 2021, shows an analysis conducted by a company specialized in real estate.In this sense, in the analyzed period, RE/MAX Romania announced that it intermediated 2,295 transactions, worth approximately 130 million euro.Compared to the first quarter of 2021, the intermediation activity of the company grew, in the ...
Demand for industrial and logistics spaces increased by 50% in the first Quarter
Tuesday, May 10, 2022
The leasing of industrial and logistics spaces increased by 50% in the first quarter of 2022 compared with the same period of last year, exceeding the 300,000 square meter threshold, thus creating the premises for a new record year in terms of demand for this type of spaces, according to the Cushman & Wakefield Echinox real estate consultancy company. This robust demand in the first quarter maintains ...