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RE/MAX Romania: increase in prices of about 10% for two-room and three –room apartments in 2022
Tuesday, March 1, 2022
Specialists in real estate estimate that two-room and three-room apartments will stay at the top of Romanians’ preference this year as well, the majority estimating price increase of up to 10% for this sector, according to the study ‘A scan of the real estate market in 2021 and estimates for 2022’ made by RE/MAX Romania.Thus, 68% of the participants to the study estimate ...
Investments in residential and logistics continue at full speed
Tuesday, March 1, 2022
Investments in real estate continue at full speed in Romania, the residential market and the logistics segment attracting the largest volume of new investments, highlights a BUCHAREST REAL ESTATE CLUB (BREC) analysis at the beginning of the year. The retail segment is attracting new investments and formats, while investors in office buildings are preparing for the increase of the traffic volume and employees` return employees to offices. Overall, ...
Agriculture : Romania ranks last in the EU in terms of organically grown agricultural area
Tuesday, March 1, 2022
The area used for organic agricultural production in the EU continues to increase. It covered 14.7 million hectares in 2020, up from 9.5 million hectares in 2012, equivalent to a rise of 56%. In 2020, ...
Real Estate : Record level of over 1 Mil Sq M have been transacted in 2021
Tuesday, February 22, 2022
The local logistics sector has not only shown resilience during the pandemic, but went on to benefit from consumer and business reactions to the sanitary crises. Thus, the leasing activity in 2021 has exceeded the 1 million sq. m threshold for the first time in the market’s history. Net take-up accounted for over 80% (802,000 sq. m) of the transacted volume and continues to be the main driver of the market, according to the Cushman & Wakefield Echinox real ...
Trade: The chocolate market in Romania, estimated at over 5.2 billion lei in 2021
Tuesday, February 22, 2022
The turnover of chocolate traders in Romania increased by 11%, reaching a new record of 4.1 billion lei in 2020. Even though Romanians’ appetite for sweets is increasing, the local production fell by almost 1 billion lei in the pandemic year, to 640 million lei. Overall, the chocolate market (production and trade) decreased by 10.7% compared to the peak of 2019, reaching a turnover of 4.8 billion lei in ...
Reveal Marketing Research Study: Consumer trends and spendings for 2022 Context
Tuesday, February 22, 2022
More than a year after the liberalization of the electricity market and regarding the debates in the public space related to the increase of bills, Reveal Marketing Research carried out a market study on this topic. Which product categories have undergone price changes in the last period compared to the same period last year? Top categories of products that have undergone price ...
Infrastructure: Association of Turkish builders bids for design and execution of Lugoj-Deva Motorway section
Tuesday, February 22, 2022
An association of Turkish builders bid on Monday for the design and execution of the missing section of the Lugoj-Deva (A1) Motorway, Transport Minister Sorin Grindeanu announced."There are 9.13 km of motorway that will include 2.13 km of tunnel, and the whole project will be financed from European funds. The two drilled tunnels to be built between Margina (Timis County) and Holdea (Hunedoara County) will consist of two one-way lanes, one for each road tunnel," ...
Auchan opens its second logistics center in Romania
Tuesday, February 22, 2022
Auchan Retail inaugurates a new logistics center, the second in Romania, located in the northwest of the country, in Calan city, Hunedoara County. With a storage surface of 22,000 m2, the new warehouse accommodates both ambient and fresh products, as well as office spaces. The entire campus, planned to be expanded in the coming ...
Agriculture: 'Tomato' program might use only Romanian seeds as of next year
Tuesday, February 22, 2022
As of next year, the 'Tomato' program could use only Romanian seeds, if the domestic seed farming resource develops well enough to allow this, Agriculture Minister Adrian Chesnoiu said on Friday in Slatina.Asked if the farmers who sign up for vegetable growing programs will be required to use Romanian seeds, the Minister said that this cannot yet happen because the production of domestic vegetable seeds is not sufficiently developed to cover the needs ...
Healthcare: Competition Council applies fines worth 71 million euros on immunoglobulin market
Tuesday, February 22, 2022
The Competition Council sanctioned five pharmaceutical companies supplying immunoglobulins and other human plasma-derived drugs, as well as the representative association of the Plasma Protein Therapeutics Association (PPTA) (Belgium) with fines worth a total of 353.4 million lei (approximately 71 million euros).According to a press release sent on last Tuesday, the sanctioned companies are: Baxalta Gmbh, Switzerland - 109 million lei; CSL Behring Gmbh, ...
Telecom. IT: CFR SA Telecommunications wants to enter market, being a great alternative for telecom service providers
Tuesday, February 22, 2022
CFR SA Telecommunications is a very good alternative for the telecom service providers for Romania, because they should no longer invest in transport at all, but only in local loops, where investment is lower, the general manager of the company, Mihai Barbu said in an interview for Agerpres.He stressed that the company's fiber optic infrastructure, which totals 6,000 kilometers, is a secure network, with few disruptions. Moreover, there are employees of the ...
Cars: Romania's motor vehicle output declines almost 8.5pct in Jan. 2022
Tuesday, February 22, 2022
Just a little over 35,000 motor vehicles were manufactured in Romania in January 2022, down almost 8.5% y-o-y, according to data with the Romanian Motor Vehicle Manufacturers Association ( ACAROM) published on Monday."In January 2022, 35,171 vehicles were manufactured in Romania, down 8.48% from the same period last year. Of these, 15,816 units were made at the Dacia Plant in Mioveni, while 19,355 units came out of the gate of the Ford factory in ...
Tourism: Over half of the Romanians mean to go on holiday at least twice a year
Tuesday, February 22, 2022
Over half of the Romanians mean to go on holiday at least twice a year in the next years, according to a study published by a platform for hotel booking.‘Despite the major damage created by corona to the tourism industry, (…) the players in the industry in the region of Central and Eastern Europe are optimistic with regard to the future. It is a moderate optimism, based on the opinion surveys ...
Trade: MerchantPro: 72 pct increase in value of 2021 online shopping orders
Tuesday, February 8, 2022
Orders placed in 2021 with the regional SaaS e-commerce platform MerchantPro were 72 percent up in volume and 48 percent higher in number, shows a release issued on Monday.December 2021 also saw a significant rise in the average basket size, which was almost 30 percent higher compared to the previous year, while the annualised increase was 18 percent."December marked the end of a year of steady growth in the Romanian online business, as the ...
Analysis: Top five most sought-after product categories in E-Commerce in 2021
Tuesday, February 8, 2022
The second pandemic year continues to mark the upward trend of e-commerce, and Romania retains its place in the top of the countries with the highest e-commerce sector growth, a market estimated at over 6 billion euros by ROSA – Romanian Online Stores Association. Operating at the intersection between digital marketing and online commerce, two markets registering sustained growth globally, the technology company 2Performant, a player of the Romanian affiliate marketing ...
Healthcare: The medicines market up 17% to EUR 4.24 bln in 2021
Tuesday, February 8, 2022
The sales of medicines in Romania reached a total of RON 21 billion (EUR 4.24 bln) in 2021, up 17% from the previous year, according to data from market research company Cegedim. The rise comes after the onset of the COVID-19 pandemic barred access to hospitals for Romanians with other health problems than Covid-19 during 2020, especially during the lockdown ...
Agriculture: De minimis aid for "Tomato" program and support of garlic producers, approved by the Government
Tuesday, February 8, 2022
The government has approved on Wednesday the continuation of the de minimis aid schemes for the "Tomato" program and for the one aimed at the support granted to garlic producers, declared Secretary of State Sorin Moise with the Ministry of Agriculture."Today, in the government meeting, several government decisions of wide interest for Romanian farmers were approved. The first is that of supporting the production of tomatoes and vegetables in protected ...
Cars: New Dacia car registrations more than tripled in January
Tuesday, February 8, 2022
A number of 2,765 new Dacia cars were registered in January this year, 202.5% more than the number of 914 new Dacia cars registered in January 2021, according to a press release issued on Wednesday by the Association of Automobile Makers and Importers (APIA), which cites the data communicated by the Directorate of Driving Licenses and Vehicle Registration (DRPCIV).Renault's new car registrations increased in January 2022 to 625 units (+ ...
New registrations of vehicles down 16.8pct in Q4; imported used cars see upward trend
Tuesday, February 8, 2022
- In the fourth quarter of 2021, the new registrations of road vehicles for passenger transport decreased by 16.8% compared to the fourth quarter of 2020. - In the same quarter of 2021, the new registrations of road vehicles for goods transport fell by 17.1% compared to the fourth quarter of 2020. - In the fourth quarter of 2021, the share of the new registrations of imported used passenger ...
Tourism : Travelminit.ro online hotel platform has brokered reservations worth 13.5 million Euro, in 2021
Tuesday, February 8, 2022
The total value of reservations brokered in 2021 by the Travelminit.ro platform in Romania was 13.5 million Euro, going up by 34% from 2019, according to the data published by the company on Friday.The number of overnight stays registered a leap of 31% last year, when reported to the reference period.Promotional stays were highly sought after, so that numerous offers of attractive and accessible packages emerged throughout Romania.A ...