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Economic

În Romania, brewing market remained stable in 2019

Tuesday, April 21, 2020

Brewers of Romania Association informs about the evolution of the brewing market last year: The brewing market remained stable, with only +0.4% increase and a volume of up to 16.7 million Hl The beer consumption per capita was 86 liters The segment of beer mixes and flavored beers, up by 32,5% Glass packaging reached a weight of ...

Consumers move online in times of crisis

Tuesday, April 21, 2020

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Many global retailers operating both in Romania and abroad have announced temporary store closures in a bid to help stop the spread of the coronavirus. In parallel, they’ve adapted their working policies to the new context. At the international level, in most cases, employees are being paid for lost shifts, and things are quite similar on the local market. For example, Mobexpert Group has decided to close its stores indefinitely and pay 75 ...

Cars: Turnover in cars and motorcycles trade up 3.2 per cent in January-February

Tuesday, April 21, 2020

Business turnover for cars and motorcycles trade rose by 3.2 per cent in gross series in the first two months of the current year, compared to the similar period of 2019, with another significant increase, of 13.7 per cent, being recorded on the segment services provided to the population, according to the data published Wednesday by the National Institute of Statistics (INS).Between January 1 and February 29, 2020, compared to the similar period of 2019, the ...

Telecom. IT : Telecommunications industry keeps economy alive during turbulent period

Tuesday, April 21, 2020

* The telecommunication industry is working at full capacity in this period. * With millions working from home, phone and internet services have become more important than ever. Romania has one of the most advanced and competitive telecommunication industries in Europe. The development of the last 20 years has given us one of the best infrastructures for mobile and fixed data, ...

Agriculture: Romania bans exports of cereals, but intra-EU acquisitions are allowed

Tuesday, April 14, 2020

The Romanian government has decided to ban exports of wheat, corn, rice, sunflower and other grains, but also vegetable oil, sugar and various bakery products for as long as the Covid-19 state of emergency is in force. Romania is one of the largest exporters of cereals in the EU, selling to both European states and other markets such as Middle East countries. In 2018, Romania exported 12 million tons of cereals. The ban is ...

AFIR pays over 160 million euros in Q1 to PNDR beneficiaries

Tuesday, April 14, 2020

The Agency for Financing Rural Investments (AFIR) paid 160 million euros in the first quarter of the year to the beneficiaries of the National Programme for Rural Development 2014-2020 (PNDR 2020), according to an AFIR press release on Thursday. The amounts paid by AFIR are non-reimbursable European funds, granted through the PNDR 2020 without contribution from the state budget. Since 2015, when the PNDR 2020 started, and until now, AFIR has paid a total of 5.58 billion euros ...

EC returns Romania over 2 billion euros from amounts used in agriculture from state budget

Tuesday, April 14, 2020

The European Commission   returned Romania this year over 2 billion euros from the amounts used from the state budget for direct payments in agriculture, after 91.7 million euros were sent to the account of the Ministry of Agriculture and Rural Development, open at the National Bank of Romania, MADR announced. According to the source quoted, this amount of 1.64 billion euros  is added to incomes over January 1- March 31, 2020, from the ...

Pathological drought persists in Moldova, Dobrogea and the largest part of Muntenia

Tuesday, April 14, 2020

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Pathological drought will persist in Moldova, Dobrogea and most of Muntenia, on the background of low humidity content in the culture of autumn wheat, according to the agro- meteorological prognosis valid until April 10, published by ANM. “The water content for soil depth of 0-100 cm, in the autumn wheat will be in low and very low limits, pathological drought being moderate, strong and extreme in Moldova, Dobrogea, most of Muntenia, locally in ...

Tourism: Most holiday trips made by Romanians in 2019 lasted 1-3 nights

Tuesday, April 14, 2020

The number of trips made by residents in 2019 were  19.976 millions, on the rise by 4.6% against 2018, most trips lasting 1-3 nights, according to centralized data of the National Statistics Institute. Last year, the share of holiday trips was 90.4%, while business and professional trips represented 2.4%. Most holiday trips in 2019 were between 1 and 3 nights (58.2% of total number of holiday ...

Study: Fields in which hiring new staff  dropped are transports, tourism and HoReCa

Tuesday, April 14, 2020

While in previous months employees were looking for jobs starting from criteria like field of activity or employing company, in March most searches on Bestjobs.ro were for remote jobs or work from home jobs, while fields in which new staff employment dropped significantly are transports, tourism and HoReCa (Hotel,Restaurant,Café), on the background of coronavirus pandemics. “In March most searches on Bestjobs website were for remote or ...

Telecom.IT : The traffic of  internet has increased on average by 20.9% the mobile one by 12% over the last week of March

Tuesday, April 14, 2020

The total traffic of data has increased, on average over the last week of March by12% on mobile networks and by 20.9% on land lines while the voice traffic registered average increase of 22 on mobile networks and 22.7% on land lines, according to the data sent on Wednesday by the National Authority for Management and Regulation in Communications (ANCOM) which show that the majority of the voice and data traffic comes in the context of more intense implementatio of work at ...

Infrastructure : Grup Feroviar Roman receives the European safety certificate to operate transports in Romania and Greece

Tuesday, April 14, 2020

Grup Feroviar Roman (GFR) received on the part of the European Union Agency for Railways – ERA) the Single Safety Certificate which allows it to operate in Romania and Greece according to a press release. Thus, the Romanian operator will be able to offer railway freight services including hazardous freight on the whole railway network in Romania, and the following routes in Greece: Piraeus - Athens - Salonic – Eidomeni, Oinoi - Chalkida, Palaiofarsalos - ...

Trade: KeysFin: the turnover in food retail in Romania, estimated at almost 125 billion lei this year

Tuesday, April 14, 2020

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The turnover in food retail in Romania should reach, this year, almost 125 billion lei, after in 2019 the estimates show the surpassing of the value of 112 billion lei, according to a recent analysis made by KeysFin. According to the official data, at the level fo 2019, the first players in the food retail industry contributed with almost 660 million lei to the state budget, which is 42% of the total of 1.6 billion lei in the industry.Similarly, the biggest ten ...

Real Estate: Eurostat: Housing prices in Greece and Romania, the largest decreases in the EU between 2007 and 2019

Tuesday, April 14, 2020

House prices, as measured by the House Price Index, rose by 4.2% in the euro area (EA19) and by 4.7% in the EU27 in the fourth quarter of 2019 compared with the same quarter of the previous year. The data relate to a period before COVID-19 containment measures began to be widely introduced by Member States. These figures come from Eurostat, the statistical office of the European Union. Compared with the third quarter of 2019, house prices rose by 0.7% ...

ANALYSIS: The depreciation of the leu can put significant pressure on the rental costs

Tuesday, April 14, 2020

In a volatile context generated by the Covid-19 epidemic, the local real estate market could be affected this year by the potential depreciation of the Romanian national currency. The depreciation has been minor so far in Romania, of a bit above 1 percent against the euro in the last couple of months, compared to other countries in the region, like Poland, Czech Republic or Hungary, where national currencies are up to 10 percent weaker against the ...

Works on real estate office projects in Bucharest continue

Tuesday, April 14, 2020

Office buildings totalling about 450,000 square meters are under construction in Bucharest, with completion scheduled in 2020 to 2022, and the developers have kept the construction sites active, with all the necessary sanitary protections for workers. The approximately 450,000 sqm will be delivered over about two and a half years and will bring the office market in Bucharest to about 3.5 million sqm. So far, work on no ...

One United Properties gets building permit for boutique residential project in northern Bucharest

Tuesday, April 14, 2020

One United Properties continues the series of real estate developments under the umbrella of the Neo brand, a division launched in the second half of 2018 and dedicated to smaller-sized exclusivist boutique residential projects, the developer announced. According to the source, the company has received the building permit for the Neo Floreasca Lake project, the most exclusive residential development on the banks of Lake ...

AFI Europe defers opening of EUR 170 mln shopping mall în Brasov

Tuesday, April 14, 2020

AFI Europe Romania has decided to reschedule the opening of AFI Brasov, the largest commercial center to be inaugurated in Romania in 2020. Initially planned for May this year, the opening will be rescheduled for autumn this year. “Given the unprecedented situation we are facing, we have decided to postpone the opening of the AFI Brasov shopping center for the autumn of 2020, after we had originally planned it for May this ...

ANALYSIS | Covid-19 outbreak to accelerate demand for logistics and office spaces

Tuesday, April 14, 2020

As one of the main drivers of the local economy, the Romanian real estate sector is highly competitive, showing sustainable development over the long term. Despite the Covid-19 crisis hitting Romania too, specialists say that the current turmoil will not have negative long-term effects on the local real estate market. The stock of modern office spaces in Bucharest reached nearly 2.7 million square meters last year, up 12 percent compared to the ...

Cars: Sales of new cars in Romania shrink by one third in March

Tuesday, April 14, 2020

The number of new cars registered in Romania decreased in March 2020 by 32% compared to March 2019, to a volume of 6,654 units. Thus, during the first three months of 2020, the number of new cars registered reached 27,979 units, down 22% compared to the similar period of 2019, according to the Association of Automobile Builders in Romania (ACAROM). With regard to used cars registered for the first time in Romania, their volume ...

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