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Economic
Trade: Beer market, stable in 2020, growth by 0.5 pct in volume, to 16.75 million hectoliters
Tuesday, April 13, 2021
The beer market remained stable in 2020, registering an increase of 0.5% in volume, to 16.75 million hectoliters, according to the annual report of the Romanian Brewers Association.The share of the HORECA sector in beer sales has halved, from 15% in 2019 to 8% in 2020."2020 was a year with many challenges for society and for the beer market in Romania. The restrictions imposed due to the situation generated by the coronavirus strongly affected the ...
Report: The explosive growth of ECommerce has created a new type of consumer
Tuesday, April 13, 2021
Central and Eastern Europe and its openness to technology might be a driving motor of the continent’s online trade, as the region’s eCommerce market has noted a growth above the world’s average. But simply starting an e-store is not enough for businesses to grow in the online sphere. A new generation of e-consumers is emerging and the approach towards them might define the businesses’ “to be or not to be”. The ...
Infrastructure: Average goods train speed grew by 43% in 2020; passenger train speed went down by 0.6%
Tuesday, April 13, 2021
The average commercial speed of goods trains (km/h) grew last year by 42.9%, while the speed of passenger trains dropped by 0.6%, according to data centralized by the National Statistics Institute. The distance covered daily by goods trains (km/zi) went up by 6.1% and the gross average weight of goods trains (tons/train) went up by ...
Tourism: About half of Romanians intend to go on holidays this year (study)
Tuesday, April 13, 2021
About half of Romanians (43%) intend to travel this year, and the favorite holiday destination remains Europe, according to a Mercury Research Study, quoted by an online travel agency. According to data analysed, 29% of respondents say they are still undecided whether they will travel or not and only 27% declare they will not travel this year. On the other hand, more than half (53%) intend to resume ...
79% of hotel owners invested in their properties during pandemic
Tuesday, April 13, 2021
79% of hotel owners present on Travelminit.ro hotel booking website say they made investments in their properties during the pandemic, while 19% dropped prices by 5-10% compared to last year and 21% of respondents increased prices by 5-10%. 23% of hotel owners have already received the first bookings for Easter, while 19% confirm their hotels are occupied during Easter holidays. At the same time, 37% have made the first reservations ...
Infrastructure: Transport Ministry: TAROM could return to making profit in 2024-2025
Tuesday, April 6, 2021
TAROM could start making a profit again, according to the restructuring plan, in 2024-2025, Minister of Transport Catalin Drula informed."TAROM got a state aid last year, which it was supposed to return, only it is not possible for the company to do so, since returning the aid would mean bankruptcy, or we could make it into a restructuring aid. We are working hard on a restructuring plan. The plan implies the uniformization of the fleet, which will be a little bit ...
Connecting Europe Express to reach Bucharest this fall
Tuesday, April 6, 2021
The Connecting Europe Express, a train traveling across the EU to promote the benefits of rail during the European Year of Rail 2021, will also stop in Bucharest this September, the state-owned railway operator CFR Calatori said, announcing it is a partner in the project. The Connecting Europe Express will stop in most European capitals, and events and other activities are planned at the local ...
KeysFin analysts estimate 2pct increase in local freight turnover
Tuesday, April 6, 2021
The turnover of local freight companies increased by 47pct in 2019 compared to 2015 and by 163pct compared to 2010, to 66.4 billion lei, but for 2020, KeysFin analysts estimate a decline of about 2pct, to near the level of 65 billion lei, according to a company release.The estimate is based on the change in consumption behaviour (food retail to the detriment of durable goods) generated by the COVID-19 pandemic."Romania is a strategic hub for freight transport in ...
Road freight transport up by 3.9 pct in 2020
Tuesday, April 6, 2021
Road freight transport registered an increase of 3.9% last year in terms of the volume of goods transported, compared to 2019, out of a total of 266.523 million tons of goods transported 81.5% being registered in national transport according to data centralized by the National Institute of Statistics (INS).The price of goods decreased by 9.9% compared to 2019, even if there was an increase of 3.6% in domestic transport, reports INS.Last year, in domestic road ...
Timisoara Airport completes new arrivals terminal
Tuesday, April 6, 2021
The new terminal for international arrivals at the Timisoara Airport in western Romania was completed after a RON 78 mln (EUR 16 mln) project that also included the security system and fire safety ...
Agriculture: Romania ranked 2nd in EU, after France, in corn for grain production last year
Tuesday, April 6, 2021
Romania ranked second in the European Union (EU), after France, in terms of corn for grain production last year, with a total of 10.8 million tonnes, although the harvest decreased due to the drought by almost 40pct compared to 2019, according to provisional data reported by the National Institute of Statistics (INS).On the other hand, Romania continues to rank first in terms of the area cultivated with corn, with over 2.6 million hectares (ha).Thus, in the ...
Vegetable agricultural production decreases in 2020
Tuesday, April 6, 2021
Vegetable agricultural production decreased in 2020, compared to the previous year, in terms of grains, oil plants, legumes and vegetables, while for potatoes it increased, according to provisional data published on Wednesday by the National Institute of Statistics (INS).Thus, the area cultivated with grains decreased by 2.4%, and the production decreased by 37.6%, compared to the previous year, due to the pronounced drought in the main vegetation periods of the crops and ...
Tourism : Foreign tourists visiting Romania in February 2021, down 61pct; Romanians' departures abroad fall by 59pct
Tuesday, April 6, 2021
International tourist arrivals in Romania registered at the border points decreased by 61% in February 2021, y-o-y, to 289,400, and the departures abroad of Romanian tourists fell by 59% to 544,500, according to data with the National Institute of Statistics (INS) released on Friday.Arrivals at the tourist accommodation establishments in Romania declined in February 2021 from February 2020 by 31.2%, and overnight stays decreased by 32.9%.February 2021 arrivals ...
Healthcare: Medical laboratory tests market to rise by 20% this year
Tuesday, April 6, 2021
The market for clinical laboratory tests hit a record of RON 2.5 billion (over EUR 500 million) in 2020 and may increase by 20% to RON 3 bln this year, according to estimates of the market research ...
Cars: New car registrations up 18.14 pct this March
Tuesday, April 6, 2021
Romania's new car registrations stood at 7,861 units this March, 18.14 percent higher than in the year-ago period, shows data centralized by the Romanian Automobile Manufacturers Association based on reports of the Directorate for Driving Licenses and Vehicle Registration.Registrations of new cars in Q1 2021 amounted to 20,762 units, 25.79 percent down YoY.The Dacia brand tops the ranking in the category of new cars registered since the beginning of the year ...
Healthcare: The health status as perceived in 2019 by the Romanian population
Tuesday, March 30, 2021
During the September-November 2019 period, the survey on the health status of the population was conducted. This survey is a statistical sample survey which represents the third European Health Interview Survey carried out at European level in accordance with Commission Regulation (EU) 2018/255. In compliance with the legislation in force, the previous European Health Interview Survey was conducted in 2014. The main results of the ...
Trade: FMCG grocery sales advance 10 pct in 2020
Tuesday, March 30, 2021
Romania's grocery retail sales were 10 percent up in 2020 compared to the previous year, with sales of alcoholic beverages and food seeing significant growth, shows retail audit data released on Friday by market researcher Nielsen.By comparison, the European average growth in FMCG grocery sales was 7.6 percent.According to the cited source, the sales value increased for all product macro-categories, with a maximum advance for foods (+12 ...
Real Estate: IMMOFINANZ acquires head office from Erste Group in prime Bucharest location
Tuesday, March 30, 2021
IMMOFINANZ has acquired the Bucharest Financial Plaza office building, in a prime central location close to the historic center of Bucharest. The property is being sold by Banca Comercial? Român? (BCR), the largest financial services group in Romania and a subsidiary of the Austrian Erste Group Bank. The building, with gross rentable space of around 27,700 sqm (post-conversion), was BCR’s head office until last year. The costs of the transaction amount to ...
Stock of industrial spaces in Romania to reach 5.5 million sq m in 2021
Tuesday, March 30, 2021
* Bucharest and Timis are the most dynamic regions, with 240,000 sq m under construction Record-breaking volume of transactions in 2020: over 930,000 sq m leased 400,000 sq m ...
Tourism: Romania has five new resorts of local interest
Tuesday, March 30, 2021
Romania has five new resorts of local interest: Frumosu and Malini communes (Suceava county), Salonta and Sacueni (Bihor county) and recreation area Figa Spa- Beclean (Bistrita Nasaud county). Until now, there are 52 tourist resorts of national interest and 95 of local interest attested in Romania. Figa Spa recreation area is a European Destination of Excellence, awarded third prize for health and ...