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Economic
Half of Romania's hospitality businesses struggling with indebtedness ratio of 90-plus pct, 7 in 10 at high insolvency risk
Tuesday, August 3, 2021
With over 50 percent of its companies struggling with an indebtedness ratio of over 90 percent, and seven out of ten businesses facing a high insolvency ratio in 2020, hospitality is definitely the Romanian industry most affected by the coronavirus pandemic, financial analyst Iancu Guda told a press conference on Wednesday."Hospitality is definitely the Romanian industry most severely hit by the pandemic. (...) The figures confirm a 39 percent drop in sales ...
Trade: Romanians are below the EU average when it comes to consuming soft drinks that contain sugar
Tuesday, August 3, 2021
In 2019, 9% of people aged 15 and over in the EU drank sugar-sweetened soft drinks daily, while 6% drank such ...
Cars: Registrations of partially hybrid cars 4 times higher in first semester
Tuesday, August 3, 2021
Registrations of cars with partially hybrid engines grew 4 times in the first half of the year, compared to the same period of 2020, according to an analysis made by datareport.ro, based on data released by the Driving Permits and Vehicle Registration Regime Directorate (DRPCIV). 8.016 mid hybrid electric vehicles were registered between January 1 and June 30, 2021, 3.6 times more than ...
Tourism : Holiday voucher bookings up by 34 pct in 2021
Tuesday, July 27, 2021
Bookings with holiday vouchers have increased by 34 pct this year, yet a considerable number of such vouchers remain unused, according to a study by the hotel booking platform Travelminit.ro, conducted with Sodexo, sent on Friday.Compared to 2019, more and more Romanians have chosen to pay for their stays using holiday cards, in June and July of this year there was a 34 pct increase in bookings paid in this way.However, the same study also ...
A new spa in the Danube Delta opened this year
Tuesday, July 27, 2021
A new spa in the Danube Delta – the Lebada Luxury Resort & Spa hotel added a small jewel spa on the banks of the Danube, next to the spa complex opened with the hotel two years ago. The previous complex included indoor and outdoor pool, saunas, Technogym fitness studio, spacious seating areas, bars and spa terraces. The owners have added a 4-cabinet spa separate from the previous center and an infinity ...
Real Estate: Value of transactions with commercial buildings down 23 pct in first half of year
Tuesday, July 27, 2021
The total value of transactions with commercial real estate in Romania clocked in at 298 million euro in the first six months, dropping 23 pct over the similar period of the previous year, according to a report published on Monday by the real estate consultancy company Cushman & Wakefield Echinox.The largest three transactions in the first half were conducted in the office space segment, by investors in Austria, who acquired the Campus 6.2 and Campus 6.3 ...
Deloitte Property Index 2021: Housing in Romania, among the cheapest in Europe
Tuesday, July 27, 2021
New dwellings’ prices sold on the Romanian market increased by 3.1% in 2020 compared to the previous year, reaching an average of 1,322 EUR/sqm. Thus, Romania ranks fourth among the 24 countries analyzed by the Deloitte Property Index ...
Agriculture : FirstFarms continues divestment of Romanian properties
Tuesday, July 27, 2021
The Danish farming company FirstFarms announced that it reached an agreement to sell its assets in northwestern Romania, some 2,400 ha of land, for nearly EUR 14 ...
USDA : Early field estimates show Romania's wheat crop above expectations
Tuesday, July 27, 2021
Early estimates show that Romania's wheat production could reach a record 12 mln tonnes this year, evaluated at EUR 2.3 bln, with high yields in the country's west and good yields in other areas. The US Department of Agriculture ...
Healthcare: Romanian pharma industry's turnover close to 70 bln lei this year
Tuesday, July 27, 2021
The turnover of Romanian drug manufacturers, distributors and pharmacies was 66.6 billion lei in 2020, up 2.6 percent from 2019 and over 100 percent higher compared to 2010, shows a survey by KeysFin - one of the most important providers of business information solutions in Romania - based on Finance Ministry figures.Experts expect the pharmaceutical industry to continue to grow this year towards 70 billion lei, in the context of inflationary pressure as ...
Infrastructure: 'Henri Coanda' Airport's end of year passenger traffic seen at 6 ml at the most, half 2019 number
Tuesday, July 27, 2021
Passenger traffic at the 'Henri Coanda' International Airport of Bucharest is nearing 800,000 this July, down 42 percent from 2019, and is seen ending 2021 on a pessimistic forecast, at around 5.5 million - maximum 6 million travelers, provided that the 4th COVID-19 wave doesn't bring along very tough restrictions, CEO of the Bucharest Airports National Corporation (CNAB) Cosmin Pestesan said on Monday."Numbers as of July 18 show that we are headed for ...
Freight traffic through Romanian seaports up 8 pct in H1
Tuesday, July 27, 2021
Freight traffic through Romanian seaports in the first half of this year was in excess of 32 million tons, up 8 percent from the same period of 2020, the Administration of Maritime Ports Constanta informs."Freight traffic through Romanian seaports has been constantly on the rise since the beginning of the year compared to the same period in 2020. The total freight traffic in H1 stands at 32.11 million tons, as to 29.73 million tons in the same period last ...
Cars: Domestic car re-registration market up 41 pct in H1
Tuesday, July 27, 2021
Domestic trading in second hand cars (re-registrations) increased 41 percent in the first six months of the year compared to 2020, to 335,000 units, while the new car market shrank 4 percent in the same period, shows a survey published on Wednesday by online car platform Autovit.ro.According to the cited source, the number of re-registrations between January - June 2021 was by 100,000 higher YoY.March was the best month ever for the second ...
Trade: Romania has imported sugars and sugary products for over 83 million euro, in Q1
Tuesday, July 27, 2021
Romania has imported sugars and sugary products for 83.2 million euro, in Q1 this year, up by over 20% against the same period of last year, according to the commercial balance sheet with food produce, consulted by Agerpres.The value of sugars and sugary products imports was 68.92 million ...
Coffee, tea and spice imports down by nearly 9 pct in Q1
Tuesday, July 27, 2021
The value of coffee, tea (including mate) and spice imports has dropped by nearly 9 pct in the first three months of 2021, compared to the similar period of 2020, down to 57.36 million euro, according to the commercial balance with food products, consulted by Agerpres.Last year, in the first ...
Real Estate: The Private Rental Sector : Romania has the highest overcrowding rate in the EU
Tuesday, July 20, 2021
The Private Rental Sector (PRS) sector is expected to grow in the CEE region, as construction costs and inflation are rising and overcrowding rates are higher compared to the rest of the European Union (EU), reveals Colliers in its latest ...
Impact Developer & Contractor acquires 2.6 ha land in Iasi Copou Hill area
Tuesday, July 20, 2021
Impact Developer & Contractor, the first real estate developer in Romania listed on the Bucharest Stock Exchange (since 1996), with RON 842,6 million current market capitalization, announces the acquisition, through the Greenfield Copou residence subsidiary, of 2.6 ha land located on the Copou Hill, one of the most popular residential areas in Iasi and ...
Cars: Roughly 30k vehicles registered in first half of July, of which 6,755 new cars
Tuesday, July 20, 2021
Roughly 30,000 vehicles were registered in Romania in the first half of July, of which 20,461 units in the "used" category, according to the recently published data of the Driving Permits and Vehicle Registration Regime Directorate (DRPCIV).According to the official statistics, in the analyzed interval, out of the total of the 9,291 new vehicles registered, 6,755 are cars.Most new cars registered, in the first half of July, depending on the ...
ACEA:Passenger car registrations: +25.2% first half of 2021; +10.4% in June
Tuesday, July 20, 2021
*In June 2021, passenger car registrations in the European Union increased again (+10.4%) compared to the same month last year, albeit at a more modest rate than in previous months, European Automobile Manufacturers’ Association (ACEA)informs. In June 2021, passenger car registrations in the European Union increased again (+10.4%) compared to the ...
Turnover in car and motorcycle trade up 40.9 pct in first five months of 2021
Tuesday, July 20, 2021
The volume of turnover in car and motorcycle trade increased by 40.9%, as an unadjusted series, in the first five months compared to the similar period of the previous year, and so did the volume of turnover in market services provided to the population which went up by 27.6%, as unadjusted series, according to data released on Thursday by the National Institute of Statistics (INS).Thus, in the period January 1 - May 31, 2021 compared to the similar period ...