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Economic

Cereal exports grow by 17.5 pct in Q1 of 2019

Tuesday, September 24, 2019

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Romania exported, in the first six months of 2019, cereals worth 1.03 billion euro, a 17.5 pct increase over the similar period of last year, according to data centralized by the National Institute of Statistics (INS).On the other hand, cereal imports clocked in at 195.9 billion euro (+22.9 pct), resulting in a trade surplus of 834.8 million euro.Corn exports totaled 532.031 million euro, representing 1.5 pct of total exports, while wheat and maslin totaled 450.419 ...

More than half of Romania still depends on agriculture

Tuesday, September 24, 2019

Only three out of the eight regions in Romania have their economy based mainly on industry or services, while the other five regions are still considered mostly agriculture-based, showing the slow pace towards economic progress on the eastern fringes of the European Union. According to Eurostat data on EU employment shares by economic activity, five out of the eight regions in Romania reported an employment share at least three times as high as the EU average of 4.5 percent in ...

First Romanian farmers’ association gets licensed for “mountain dairy” products

Tuesday, September 24, 2019

A Romanian farmers’ association in Sîngeorz-Bai, Bistri?a-Nasaud county, is the first cooperative in the alpine area to obtain the right to use the optional mention "alpine product" for six dairy products, the Agriculture Ministry announced on Tuesday, September 17. The products "Yellow Cheese", "White Cheese", "Cream", "Cottage Cheese (Urda)", "Curd" and "Cheese kneaded in Sîngeorz-Bai" were registered in the National Register of alpine products. According ...

Tourism : Busteni, Sovata and Sighisoara, cheapest autumn tourist destinations

Tuesday, September 24, 2019

Busteni, Sovata and Sighisoara are the localities with the cheapest accommodation options in Romania, the price per night in a 3-star hotel during the autumn months amounting on average to 27 euros, 29 euros, 34 euros, respectively, according to a press release of the search engine momondo.ro sent on Thursday.As for the destinations at the Black Sea, the resorts with cheap accommodation options during the autumn months are Eforie Nord, Neptun and Constanta, and the average rates ...

Non-resident tourists arriving in Romania spend on average 2,609,7 lei/person in H1 2019

Tuesday, September 24, 2019

In Q II 2019, the total number of non-residents in collective1 tourist accommodation structures was 761.9 thousands and their total expenditure amounted to 1853.7 million lei. In the first semester of 2019, the number of non-resident tourists in collective tourist accommodation structures was 1205.6 thousands and their total expenditure amounted to 3146.2 million lei. The total number of non-residents accommodated in ...

Real Estate: Real estate investments still high with rising interest in industrial space

Tuesday, September 24, 2019

Over recent years, Romania has become one of Central and Eastern Europe’s most attractive regions in which to start operations. According to research by JLL, by the end of 2020 the country is expected to be the second largest economy in CEE and it continues to attract investors from all over the world – not only from Europe, but also South Africa, the USA and China. In Q1 2019, Romanian GDP grew by 5.1 percent, while it increased by 4.1 percent in 2018 – double the ...

Prices of apartments in Romania are “exaggerated” - JLL Romania

Tuesday, September 24, 2019

The prices on the Romanian residential market are exaggeratedly high, in many cases unjustified, said Marius Scuta, head of the office department at JLL Romania on Thursday, in a meeting with the press. In the case of recession, or a correction of the market, the luxury sub-segment will probably remain in demand and the prices will decrease by 10%-15%, while the mass segment, which includes “matchboxes” (apartments with small surface sold at a lower price) that are built ...

Trade: Romanian smarthome market grows by 30 pct per year, but only gets to 5 pct of homes

Tuesday, September 24, 2019

If in Belgium and France the smart homes reach 60 percent of the total of the newly built residential segment, in Romania this proportion is below 5 percent. However, smart homes are increasingly preferred by more Romanians, the growth of this segment being 30 percent per year. The most common solutions implemented are intelligent control of lighting, blinds and temperature, followed by sound and energy management. Legrand is one of the leading players in the smart home solutions ...

Healthcare: Health Ministry to reorganize transplant activity with EU funds

Tuesday, September 24, 2019

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The Ministry of Health informed that the transplant activity will be reorganized with funds from the European Union, as over 15.6 million euros are to be used for the development of the National Register in the field, the updating of the guides and protocols, and also for the systematization and simplification of the legislation, a press release from the Ministry of Health shows.The project dubbed "Improvement of the regulatory process in the field of transplantation", one of the ...

Cars: Sales of Dacia passenger cars up 7 pct in August, in Europe

Tuesday, September 24, 2019

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Sales of Dacia passenger cars increased by 7.1 per cent in August, in Europe, with this car manufacturer's market share climbing up to 4.4 per cent from 3.7 per cent in the same period last year, according to statistical data published on Wednesday by the European Automobile Manufacturer's Association (ACEA).The data are valid for the European Union and the Free Trade European Association (EFTA) countries, namely Iceland, Liechtenstein, Norway and ...

 Lithuania, Romania record most significant advances in car sales in Europe

Tuesday, September 24, 2019

New passenger car registrations dropped 3.2 per cent in Europe in the first eight months of this year, while Lithuania and Romania reported the most significant advances, showed data released on Wednesday by the European Automobile Manufacturers' Association (ACEA). The statistical data are for the European Union and the European Free Trade Association (EFTA) countries, namely Iceland, Liechtenstein, Norway and Switzerland.The Romanian car market recorded a ...

Cars: Turnover in cars and motorcycle trade grows 10.2 pct in July 2019

Tuesday, September 17, 2019

The total turnover for wholesale and retail trade, maintenance and repair of motor vehicles and motorcycles went up in July 2019, as gross series, by 10.2 pct, compared to the same month of last year, and as adjusted series according to the number of working days and seasonality by 7.9 pct.The increase in turnover on this segment is due to increases registered in the trade with motorcycles, spare parts and related accessories; the maintenance and repair of ...

More than a third of Romanians would buy an electric car, Study says

Tuesday, September 17, 2019

The interest for electric cars is growing in Romania and Italy, reads a study conducted by E.ON and Kantar EMNID. On the other side, only 16 percent of Germans plan to buy an electric car, with most of them opting for a gasoline engine. ...

Agriculture : Government approves establishment of bank of plant genetic resources in Buzau

Tuesday, September 17, 2019

The Government adopted a decision regarding the establishment of the Buzau bank of plant genetic resources for vegetable crops, floriculture, aromatic and medicinal plants, Government spokesman Nelu Barbu announced ."At the proposal of the Ministry of Agriculture, a Government decision was adopted regarding the establishment of the Buzau Bank of plant genetic resources for vegetables, floriculture, aromatic and medicinal plants. It is practically a historic ...

Telecom. IT: ANCOM: The 2G / 3G / 4G signal amplifiers can be operated only with the agreement of the operators

Tuesday, September 17, 2019

The 2G/3G/4G signal amplifiers should have CE mark and can be activated only with the agreement of mobile phone and mobile Internet operators, says the National Authority for Administration and Regulations in Communications (ANCOM). “Because the use of such equipment, without operator agreement grows every year, we inform users that they risk sanctions according to the law in force,” says Cristina Popa, ANCOM CEO for control and ...

Murielle Lorilloux (Vodafone/UPC): 5G will boost the digitization and transformation of Romania

Tuesday, September 17, 2019

The implementation of 5G will help Romania to become more digital, while enabling transformation and modernization in the country, Vodafone and UPC CEO Murielle Lorilloux told Business Review. Vodafone has taken over UPC Romania and entered a new market: convergent services. What does that mean for the customers of UPC? We closed the deal on 1 August, after a long period of ...

Trade: KeysFin expects sales of electro-IT goods to go up 7.5% this year in Romania

Tuesday, September 17, 2019

The sales of electro-IT distributors and retailers in Romania are on an upward trend, partly thanks to the expansion of e-commerce, according to an analysis by market research firm KeysFin, which projects a 7.5% rise in total sales to RON 36 billion (EUR 7.6 bln) this year. The growth is expressed in local currency, nominal terms subject to a headline inflation of around 4%. Moreover, the sales figure reflects the combined turnover reported by ...

Healthcare: Projects of 47 million euros from SEE and Norwegian funds for Romanian health system

Tuesday, September 17, 2019

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Eight projects for improving prevention and reducing inequalities in the Romanian health system will be financed with funds of 47 million euros through SEE and Norwegian grants, according to a press release of the Ministry for European Funds (MFE). The program “European challenges in public health”, financed by SEE grants 2014-2021, gathered on Thursday several representatives of authorities in charge of development and finding new ...

The European Commission supports Romania to build three regional emergency hospitals in Iasi, Cluj and Craiova

Tuesday, September 17, 2019

The European Commission through the Service for support of the structural reform (SRSS) takes an active part in the preparation of the design and construction in Romania of three regional emergency hospitals in Iasi, Cluj and Craiova, shows a press release of the community executive. Starting with 2017, the European Commission helps the ministry of health of Romania to manage the projects of construction of the three regional hospitals. The objective ...

MedLife takes over pathological anatomy and molecular biology lab Onco Team Diagnostic

Tuesday, September 17, 2019

Private medical services provider MedLife announced the acquisition of a majority stake in medical company Onco Team Diagnostic, the first lab focused on pathological anatomy and molecular biology to be added to its portfolio. The unit joins the existing laboratories in the group (MedLife Grivita, MedLife Brasov, Laboratory Panduri, etc.) providing tests on this segment. The Onco Team Diagnostic Laboratory is located in Bucharest and has over 6 years ...

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