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19.462 mln cubic metres of wood harvested in 2018, by 1.146 mln more than in 2017

Tuesday, August 13, 2019

The volume of wood harvested in 2018 from the state's forest national fund amounted to 19.462 million cubic metres, by 1.146 million cubic metres more than in 2017, according to data centralised by the National Institute of Statistics (INS). By forest species, coniferous represent 36.6 pct of the total volume of harvested timber, beech 33.8 pct, oak 10.5 pct, various hard species (acacia, maple, sycamore, ash, walnut, etc.) 11.3 pct, and various soft species ...

Cars: The new registrations of road vehicles in the second quarter of 2019

Tuesday, August 13, 2019

The new registrations of road vehicles for passenger transport decreased by 0.9% in the second quarter of 2019 compared to the second quarter of 2018. In the same period, the new registrations of vehicles for goods transport fell by 0.1% compared to the second quarter of the previous year. According to the data published on Wednesday by the National Institute of Statistics ...

Over 352,000 vehicles registered in Romania in first 7 months; over three quarters, second-hand

Tuesday, August 13, 2019

The number of vehicle registrations exceeded 352,000 units in the first seven months of the year, up 0.9 percent compared to the same period of 2018, out of this total 73.5 percent being represented by second-hand cars, according to the statistics with the Driving Licences and Vehicle Registration Directorate (DRPCIV).Thus, between January - July 2019, out of the total number of registrations registered in Romania, 258,005 units are second-hand (a decrease of ...

Tourism : Apex opens Hilton Garden Inn Bucharest Airport following EUR 19 million investment 

Tuesday, August 13, 2019

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Romania's first hotel inside an airport, a 19 ml euro investment, opened this weekend at the "Henri Coanda" International Airport of Bucharest.According to a release from the developer, the Hilton Garden Inn Bucharest Airport has 218 rooms and is intended particularly for the business segment, the airline personnel operating on the Otopeni airport, providing also an accommodation solution for passengers whose flights have been canceled or delayed. The facility ...

Romanians use holiday vouchers to pay for 192,000 overnights in summer 2019

Tuesday, August 13, 2019

Romanians have used holiday vouchers to pay for 192,000 overnights so far this summer season, up 269 percent from 2018, with the Black Sea coast, Prahova Valley, the spa resorts and the main cities being the main attractions, according to data with Travelminit.ro, a hotel reservation platform."While in 2018, Romanians were reluctant to use the holiday vouchers and many of the guesthouses and hotels still did not accept this form of payment, in 2019 are talking ...

Trade: ANPC: The real double standard is lopsided approach against marketing of Romanian products in EU

Tuesday, August 13, 2019

The real double European standard resides in the fact that Romania doesn't have the same chance as other EU countries to put Romanian goods in the EU market, the newly appointed president of the National Consumer Protection Authority (ANPC), Horia Constantinescu, said on Friday."There is a double approach, I will tell you how I see the double standard. The double standard doesn't necessarily refer to products with different characteristics but similar labels, or ...

Real Estate: Developers remain focused on regional cities for new projects or extensions of existing ones

Tuesday, August 13, 2019

The total modern retail stock, which includes both retail parks and shopping centres, has reached approximately 3.7 mln. sq. m in the first half of 2019 and around 130,600 sq. m are expected to be brought on the market by the end of the year, according to the latest research report “Romania MarketView H1” of CBRE, the global and national real estate market leader. The great majority of the retail stock is spread nationwide while Bucharest ...

Bucharest and regional cities driving demand for land deals

Tuesday, August 13, 2019

Investors have been building a land inventory for new projects in the past two years in Bucharest, but deal-making activity is set to remain strong throughout 2019 as there are still land plots available that are suitable for various projects. The biggest land deals in the Romanian capital totaled EUR 280 million last year, a record value for the past decade. In 2017, deals stood at EUR 250 million, according to data by consultancy Crosspoint Real ...

Hagag Development Europe breaks ground for its largest residential project in Romania

Tuesday, August 13, 2019

Real estate developer HAGAG Development, part of HAGAG Group Israel, breaks ground on its largest residential project to be developed in Romania: H Pipera Lake. Out of the total number of 390 apartments to be delivered in the first phase, 45% have already been sold. With a total investment estimated at 90 million euros H Pipera Lake has received the building permit and will be developed under three construction stages, over a plot of land of 57,000 ...

The developers will put on the market 150,000 square meters of commercial space, in the 2nd semester of the year

Tuesday, August 13, 2019

Deliveries of commercial spaces will accelerate in the second half of the year, when approximately 150,000 square meters will be delivered in several cities in the country with new deliveries in Bucharest amounting for 35,000 square meters, according to H1 Romania Retail MarketBeat report, conducted by the real estate consulting company Cushman & Wakefield Echinox. In the first semester of 2019, two extensions of existing shopping centers were ...

BR ANALYSIS. Developers looking to build integrated shopping experiences 

Tuesday, August 13, 2019

While Bucharest will see some extensions of existing shopping centers, investors in smaller cities are currently working on modern retail schemes in a bid to tap new pools of consumers. Dozens of new brands are set to launch in Romania this year, while retail operators are boosting their offering of leisure and entertainment facilities for customers. The retail market still has room to grow in Romania, with 275,000 square meters set to be delivered in ...

Telecom.IT : 5G technology market to reach USD 667 billion by 2026, report says

Tuesday, August 13, 2019

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A recent report published by Allied Market Research titled “5G Technology Market by Offering, Connectivity, and Application: Global Opportunity Analysis and Industry Forecast, 2020-2026,” the global 5G Technology market was valued at USD 5.54 billion in 2020 and is projected to reach USD 667.90 billion by 2026, growing at a CAGR of 122.3 percent in this ...

Infrastructure : Runway 2 of Henri Coanda International Airport to undergo overhaul repairs next spring

Tuesday, August 13, 2019

Runway 2 of Henri Coanda International Airport will undergo overhaul repairs next spring, with the contract for its complete restoration having already been signed, worth 107 million lei, the director general of National Bucharest Airports Company (CNAB), George-Alexandru Ivan told a Thursday's press conference."Currently, normal repair are underway on both runways. Now Runway 1 is under repair. A contract was signed a month ago for overhaul repairs on Runway 2. ...

Trade: Share of food and non alcoholic beverages  in overall expenses is 2.5 times higher in Romania than EU average

Tuesday, August 6, 2019

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The share of food and non alcoholic beverages in  overall expenses in Romania is 28%, the highest in EU, 2.5 times over average, according to Social Monitor infographic, a project made by Friedrich-Ebert-Stiftung Romania.  Great Britain is at the opposite pole, with only 8% of total. Romania is preceded by Lithuania, 21.6%, Estonia -20.3%, Bulgaria 19.2% and Hungary 18.2%. “It is known ...

In summertime , Romanians order cosmetics and detergents online of 400 lei 

Tuesday, August 6, 2019

Deodorants, shower gels and shampoos are products most ordered by Romanians during summer, according to an analysis made by the importer ImportDirect.ro, a hard discount type online retailer. The analysis shows that the average value of an order made by customers from the online store is 400 lei, VAT included. Next to cosmetics, they also buy products from the oral hygiene category, household cleaning products and ...

Eurostat: Romania, ninth among EU’s biggest beer producers

Tuesday, August 6, 2019

Romania ranked ninth among the biggest beer producers in the European Union last year, with a production of 1.8 billion liters, according to the European Statistical Office (Eurostat). With an output of 8.3 billion liters (21 percent of total EU production), Germany was the main producer in 2018, with one in five alcoholic beers produced in the EU coming from this country. Top 9 beer producers in the ...

Tourism : EUR 42 mln to reshuffle Radisson Blu hotel in Bucharest

Tuesday, August 6, 2019

The new owners of the Radisson Blu - Park Inn hotel complex in Bucharest, investment funds Cerberus and Revetas Capital, have brought EUR 42 million for remodeling the complex on Calea Victoriei in downtown Bucharest. They paid EUR 169 mln to take over the complex in 2017. Locally-registered investment vehicle Nemo Investment received an infusion of capital worth EUR 42 million in June, according to data from the Trade Registry. The money will be used ...

Arrivals in Romania's tourist accommodation establishments at 5 ml-plus in H1, down 4.4 pct YoY

Tuesday, August 6, 2019

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Compared to the corresponding month of the previous year, the arrivals in the establishments of tourists’ reception with functions of tourists’ accommodation increased by 8.3 %, while the overnight stays increased by 10.9% in June 2019. Compared to June 2018, in June 2019 customs registered an increase in the arrivals of foreign visitors of 15.6 % and an increase of 8.2% in the departures abroad of the ...

Romania is the EU state with the highest share of people who can’t afford a one-week annual holiday

Tuesday, August 6, 2019

Even though an increasing number of Romanians travel either within the country’s borders or abroad every year, especially during the summer, fresh Eurostat data show that Romania is the EU country which had the largest proportion of the population aged over 16 who was unable to afford a one-week annual holiday away from home in 2018 (58.9 percent) – over twice the EU average of 28.3 percent. After Romania, the countries in the EU with the ...

Cars: Tractor imports exceed 230 million euros in first 4 months of 2019

Tuesday, August 6, 2019

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In the first 4 months of the ongoing year, Romania imported  tractors of 230.462 million euros, on the drop by 3% against the same period of 2018 (237.427 million euros), according to centralized data of the National Statistics Institute. In January 2019, tractor imports amounted to 44.178 million euros, in February 57.862 million euros, in March 69.025 million euros, and in April 59.397 million euros and represented 0.8% of total ...

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