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Economic

Telecom. IT: Externalization of IT security services, a solution to expert crisis

Tuesday, September 3, 2019

The externalization of IT security services would be a path to follow, when there are too few schools and institution concentrating on training experts, according to an analysis made by the producer of security solutions – Eset, and posted on the company blog in Romania. “Data we can count on show that EU is facing a critical crisis of IT specialists. The European Commission expects the labor market to register up to 500,000 vacant ...

Healthcare: Romania and Moldova to collaborate in field of organ transplants

Tuesday, September 3, 2019

National transplant agencies in Romania and Moldova signed on Friday, a collaboration accord, based on which organ exchanges will be made for patient waiting lists, the Health Ministry announced. According to the Ministry, if certain organs cannot be used in Romania  when there are no compatible receptors, they will be sent to Moldova and the other way round. The collaboration accord also supposes an exchange of experience ...

Cars: Romania's automotive market up 9.5pct over Jan - July, green car sales at 3.7pct of total

Tuesday, August 27, 2019

Romania's automotive sales over January - July this year were 9.5 percent higher YoY, with green cars accounting for 3.7 percent of the total, shows data released by the Association of Automotive Manufacturers and Importers (APIA).Unlike most EU member states, Romania's automotive market has followed a steady upward trend over the past 12 months, recording a decline only in March.Motor vehicle sales are mainly driven by legal entities that account for ...

Real Estate: The real estate investment market in Q1: volumes and prices slightly growing

Tuesday, August 27, 2019

The data regarding Q1 show that only 4 tradings of over 10 million euro on the Romanian real estate market were signed in the context where over the last period information about an excessive heating of the local real estate market is spreading and buyiers are careful, according to the report sent by the real estate consultancy company JLL Romania. At the same time, in the first six months over 70% of the volume of 3400 million euro was generated only ...

The industrial stock surpassed the 4 Mln. Sq M milestone, 1 Mln. Sq M to be delivered by the end of 2020

Tuesday, August 27, 2019

The modern industrial stock exceeded the 4 mln. sq m during the first semester of 2019, since a new supply of 240,000 sq m was brought on the market and by the end of 2020 approx. 1 mln. sq m are expected to be delivered, according to the ...

Property market continues and showing no signs of slowing down

Tuesday, August 27, 2019

The real estate sector is still going strong and showing no signs of slowing down. All areas are seeing transactions, and while the office segment has been the main driver in Bucharest, industrial projects seem to be at the forefront of investments.  The development of infrastructure, foreign capital absorption, highly qualified personnel, and expanding opportunities have all led to more investors coming to Romania and developing the industrial ...

Economic growth keeps real estate investments in Romania ahead of regional peers

Tuesday, August 27, 2019

The Romanian real estate market recorded good results in the first half of 2019, with activity on the office and investment segments getting more dynamic than that of some CEE peers. With the full year GDP expansion figure likely to top 4 percent, Romania also remains an outlier in terms of economic performance when compared to other CEE economies. According to real estate consultancy company Colliers International Romania, there is a favorable perspective for the Romanian ...

Tourism : Bulgarians and Romanians rank last in EU in terms of booking vacations online

Tuesday, August 27, 2019

 Half of the internet users in the European Union have booked their accommodations or travels online in 2017, Bulgarians and Romanians ranking last with only 17 percent, 18 percent respectively, of the internet users who booked their vacations via the internet, the data released on Wednesday by Eurostat informs.At the opposite pole, the online booking of vacations is most common among internet users of Luxembourg (73 percent), Finland (65 percent) and Germany ...

Tourism agencies’ sales to millennials see significant growth, most seeking trips abroad

Tuesday, August 27, 2019

Millennials have turned into a significant consumer group in the tourism industry, having recorded a 12 percent increase over the past two months in the number of holidays and circuits purchased, according to travel agency J’Info Tours. “More and more young people go to an agency to acquire complete packages for holidays and circuits, and about 80 percent of them seek a holiday abroad. The main reason why they are starting to address ...

London is the most sought-after capital city by tourists; Bucharest is way off the top

Tuesday, August 27, 2019

Free travel metasearch momondo.ro has looked at hotel searches in 143 capital cities around the world to find the most attractive locations and the places where tourists should expect the highest and lowest prices for accommodation. The essential feature of cities that get many visitors is their ability to accommodate travelers coming from other places. The number of ...

Telecom. IT : Romania could add “anti-Huawei” filters in 5G tender

Tuesday, August 27, 2019

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The Romanian authorities could add “anti-Huawei” filters in the 5G tender scheduled for the end of this year, according to a memorandum signed by the U.S. and Romanian governments in Washington. The memorandum was signed by the Romanian ambassador in Washington and by the U.S. ambassador in Bucharest on Tuesday, following the meeting between the president Donald J. Trump and the Romanian president Klaus Iohannis to the Oval Office of the ...

Telecom. IT: IT services have contributed to 13.5% business increase

Tuesday, August 20, 2019

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Business market services for enterprises registered  an increase of 13.5% in the first 6 months of the year, against the same period of 2018, mainly due to IT services which went up by 24%, INS (National Statistics Institute) showed on Wednesday. Over January 1 – June 30, 2019, increases of business figures for: other services supplied mainly to enterprises (+17.2%), transport activities (+9.8%), communications activities (+5.5%), cinema, ...

Survey: Romania's IT and electronics market up 6 percent in Q2

Tuesday, August 20, 2019

Romania's IT and electronics market was 6 percent up in Q2 2019 from the similar period of 2018, at 737 million euro; home appliances and electronics were the best performing sectors, shows a GfK TEMAX survey.The telecom sector advanced by almost 4 percent to 322 million euro, while the large and small appliance businesses performed well, growing by more than 16 percent each, to 155 and 53 million euro, respectively.The sales of electronics increased ...

Healthcare: Reuters: Heavy metal band Metallica donates 250,000 euros for Romanian pediatric hospital

Tuesday, August 20, 2019

American heavy metal band Metallica has donated 250,000 euros to a Romanian association building the country’s first pediatric oncology hospital, they said quited by Reuters correspondent. The donation to Daruieste Viata (Give Life), founded in 2012, came ahead of the band’s sold out concert on Wednesday, its fourth in the European Union state since 1999, the association said on its Facebook page. The donation was ...

Coface Romania research : Wholesale trade of pharmaceuticals, up 4pct in 2017

Tuesday, August 20, 2019

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Revenues from the wholesale trade of pharmaceuticals increased by 4pct, at the level of 2017, while the indebtedness of the companies in the field was over 80pct, and 31pct had a degree of negative capitalization, reveals a research drawn up by Coface Romania on the wholesale trade of pharmaceutical products.According to the research, in 2017, over one third of the companies (40pct) made investments, thus recording a positive capital expenditures (Capex) to ...

Cars: Turnover of trade in motor vehicles and motorcycles, up 6.7pct in first six months

Tuesday, August 20, 2019

The turnover volume of the trade in motor vehicles and motorcycles increased, in the first six months of this year, compared to the similar period of 2018, both as gross series by 6.7 pct and as series adjusted according to the number of working days and seasonality by 6.5 pct, say the data published by the National Institute of Statistics (INS) on Tuesday.The turnover of the market services provided to the population increased between January 1 and June 30, 2019, ...

Tourism : Revenues in Romania’s hotel industry increase for the eighth consecutive year as profitability sees spectacular growth

Tuesday, August 20, 2019

Companies operating in Romania’s hotel sector are growing on all levels, according to a study conducted by Termene.ro, a platform providing real-time information about Romanian companies. Total revenues of hotel companies went above RON 5.5 billion in 2018, increasing by 10 percent compared to the previous year and by 18 percent compared to 2016, when they reported revenues of RON 4.66 billion. At the same time, the ...

Real Estate: Real estate investments in Romania reach EUR 410 million in H1 2019

Tuesday, August 20, 2019

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The investment volume in H1 2019 amounted to almost EUR 410 million, a 6 percent increase compared to the similar period of last year, when the figure for investment transactions was EUR 386 million, according to Cushman & Wakefield Echinox calculations. At the Central and Eastern European (CEE) level, which includes Poland, the Czech Republic, Slovakia, Hungary, Romania and Bulgaria, the Romanian market attracted around 10 percent of the total ...

Agriculture: Seven new market specialties included on list of Romanian traditional produce

Tuesday, August 20, 2019

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The Ministry of Agriculture and Rural Development granted seven additional approvals for traditional Romanian produce from Galati, Caras-Severin and Buzau counties. In Galati, Verdei & Co received approvals for four traditional produce obtained from pork meat coming from their own farms: Ilinca pork fillet, Zamfir pork chops, Ilinca smoked ribs, Ignat pork sausages. Illinca pork fillet is a specific recipe which supposes ...

Agriculture : Official statistics: Romania's national forest stock advances 0.3 pct in 2018

Tuesday, August 13, 2019

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 At the end of 2018 Romania's national forest stock was of 6.583 million hectares - 27.6 percent of the country's surface, by 0.3 percent more compared to the end of 2017, mainly due to the reforestation of wooded pastures and the introduction in the forest stock of degraded land, shows data centralized by the National Institute of Statistics (INS).Last year, Romania had 6.418 million hectares under forest, with softwood forest covering 1.917 million hectares ...

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