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Economic

Over 300 communes have no family doctor; 1,414 localities have an insufficient number

Tuesday, February 25, 2020

The National Federation of Family Doctors has released concerning statistics on Tuesday, according to which over half of the localities in Romania have no family doctors or have not enough physicians reported to the existing population. 53% of the localities in Romania have no family doctor or an insufficient number of physicians overall, according to the statistics valid of August 2019. 328 communes have no family doctor, while ...

Tourism: Number of foreign tourists from EU countries grew by 8.4% in 2019

Tuesday, February 25, 2020

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The number of foreign visitors registered at border cross points was over 12.815 millions in 2019, on the rise by 9.3% compared to 2018, of which 6.254 millions (48.8% of total) foreign visitors coming from EU countries (plus 8.4%), according to data centralized by the National Statistics Institution. Foreign visitors came mostly from European countries (92.7%), the highest share representing visitors from Moldova. In fact, the first 6 places according ...

Holiday Inn brand is coming back to Romania

Tuesday, February 25, 2020

IHG® (InterContinental Hotels Group), one of the world’s leading hotel companies, has announced that it will bring the Holiday Inn brand back to Romania with the signing of Holiday Inn Bucharest Times. Set to open in Autumn/Winter 2020 with 102 rooms, the hotel is signed under a franchise agreement with first-time IHG partner, the De Silva Group. The Holiday Inn Bucharest Times will occupy an excellent city-center location, within one ...

Telecom. IT: Electronic communication and postal service markets reached cumulated value of 20 billion lei

Tuesday, February 25, 2020

The cumulated value of electronic communications and postal services markets in Romania have reached about 20 billion lei, of which 3.2 billion lei are for postal services, according to data presented by Eduard Lovin, the vicepresident of  ANCOM. Statistics show that by mid 2019, the electronic communications market in Romania had a value of 16.4 billion lei and included  32 suppliers of fixed telephony and 8 suppliers of mobile telephony, ...

Real estate ; Bucharest keeps up with Cluj Napoca in rental market

Tuesday, February 25, 2020

The average rent in Bucharest grew in quarter 4, 2019 and reached the level of the one in Cluj, according to Imobiliare.ro. “In Bucharest, the average rent for a two-room apartment is 420 euros/month, on the rise from 410 euros in quarter 3. The same type of housing (two rooms, comfort 1, built 1980-2000 period, area of 50-60 sq.m) can be rented in Cluj Napoca with the same price of 420 euros/month,” according to a press release. Those two ...

Trade: Study: Romanians order online clothes, cosmetics and electronics

Tuesday, February 25, 2020

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Romanians order more often clothes, cosmetics and electronics  from their smartphones and 82% of Romanians choose the online shop according to comments written on profiles pf brands, friends and influencers. These are the conclusions of the European Barometer e-shoppers 2019 made by GfK for DPD Group. Data also show that 83% of Romanians who buy online post feedbacks on Facebook, Instagram or YouTube about what they ...

In last 6 months, Romanians' interest in home&deco segment went up 30% online

Tuesday, February 25, 2020

In the last 6 months, the interest of Romanian buyers in the home&deco segment grew by over 30% online, according to data sent by Vivre.ro, online furniture and decorations retailer in Romania and Eastern Europe. The retailer confirms the evolution of the home& deco segment in Romania through data recorded in the last half of 2019 and the beginning of 2020. During that interval over 570,000 orders were made and the ...

Infrastructure: State aid: Commission approves around €36 million to TAROM

Tuesday, February 25, 2020

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The European Commission has approved, under EU State aid rules, Romania's plans to grant a temporary loan of approximately €36.7 million (around RON 176 million) to the state-owned flag carrier TAROM. The measure will contribute to ensuring the orderly continuation of air transport services, in particular on the numerous routes where TAROM is the only provider, and avoid disruptions for passengers, without unduly distorting competition in the Single ...

State aid: Romania needs to recover €570 million of incompatible aid from the rail freight operator CFR Marfa

Tuesday, February 25, 2020

The European Commission has found that rail freight operator CFR Marfa received at least €570 million incompatible State aid from Romania through a debt write-off and failure to collect debts from the company. CFR Marfa is the incumbent rail freight transport services provider in Romania. The company, which is fully state-owned, has been in economic difficulties for a number of ...

Real estate: Logistics and industrial market in Romania has the potential of doubling to 8 million square meters

Tuesday, February 18, 2020

Modern industrial and logistic facilities reached 4.6 million square meters, up by approximately 10 percent compared to the previous year. Nearly 9 percent of the total stock was delivered just in 2019 and the market has potential to almost double to 8 million square meters in the next years, closing the gap between Romania and other CEE markets, Colliers International consultants appreciate. Romania’s stock of ...

As many as 35,231 buildings sold in January nationwide

Tuesday, February 18, 2020

The number of buildings sold in January nationwide was 35,231, down by 15,259 from December 2019, according to a release from the National Agency for Cadastre and Real Estate. The number of houses, land plots and apartments that were the subject of sale-purchase contracts, at national level, in January of this year was by 4,498 higher than in the similar period of last year.As to the number of mortgages, it stood at 22,265 nationwide, by 4,894 higher than in ...

Study: Real estate investment volume to exceed 1.1 billion euros in 2020

Tuesday, February 18, 2020

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The volume of real estate investments will exceed 1.1 billion euros this year, when transactions of over 700 million euros have already been signed or are in due diligence process, according to the consulting company JLL. “That thing proves the investors' growing interest in the local real estate market, even though last year the transaction volume as only 683 million euros, below initial estimates,” JLL shows. The ...

Strong growth for new residential and office space in 2019

Tuesday, February 18, 2020

The construction of homes and offices recorded a good year in 2019. With 62,000 new apartments delivered to the market, 2019 passed the previous record of 57,600 from 2018. There was also a record level of transactions in the office sector, with over 450,000 square meters changing owners. In the big cities, 40,000 old apartments and 15,000 new ones were put up for sale. Prices went up by 7 percent in 2019 compared to 2018 for old housing and by 10 ...

Land under former factories seen as “gold mine  for real estate

Tuesday, February 18, 2020

Among the most important land transactions of 2019 were the purchase of a 2.6-hectare plot from the former Dacia Textile factory in the Bucurestii Noi neighbourhood (where Skanska will build an office project), the two hectares of the Frottierex factory in the Barbu Vacarescu area (where Turkish Caba Grup will develop a mixed-use project) or the 5,000-sqm plot on Doamnei street, in the heart of the Capital, purchased by S + B Gruppe. Developers with ...

Demand for small industrial spaces

Tuesday, February 18, 2020

The demand for industrial and logistics spaces in Romania in 2019 reached a total of about 476,000 sqm, a value comparable to that of 2018, when transactions amounted to a total of 514,000 sqm. Bucharest attracted the largest demand of industrial and logistics spaces in the country, with nearly 76 percent of total purchases (approximately 360,000 sqm), followed by Slatina, with 13 percent of the demand (62,000 transacted sqm). The largest transaction ...

Agriculture : Acting AgriMin Oros: Trade balance deficit with agricultural products is close to one billion euro

Tuesday, February 18, 2020

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Acting Agriculture Minister Adrian Oros has announced on Wednesday that this year, in which work is carried out on the 2021-2027 National Strategic Plan (PNS), the current, "not so positive trend for the Romanian agriculture" will be changed, in the conditions in which we export subsidies and import processed products, and the trade balance deficit with agro-food products is close to one billion euro."We are in a more special year from all points of view, but for ...

Cars: DRPCIV: 5.66pct drop in vehicle registrations in Romania in January

Tuesday, February 18, 2020

The number of vehicles registered in Romania, in January, rose to 47,244 units, a drop of 5.66 over the same month of 2018, of this total 12,489 being new units, less by 10.49 pct when compared to the reference period, the statistics of the Directorate for Drivers Licenses and Car Registrations (DRPCIV) show.According to the quoted data, in the first month of this year, at the level of cars 15,830 new units, which is a diminishment of 12.59 pct in comparison to ...

The turnover of the trade with motor vehicles in December 2019

Tuesday, February 18, 2020

Compared to the previous month, in December 2019 the turnover volume of the trade with motor vehicles and motorcycles decreased both as gross series by 10.8% and as adjusted series according to the number of working days and to seasonality by 4.1%. The turnover volume of the market services provided to the population, compared to the previous month, increased both as gross series by 5.2% and as adjusted series ...

Healtcare: PRIMER announces crisis because of increase in clawback tax

Tuesday, February 18, 2020

The Employers' Association of Industrial Medicine Producers in Romania (PRIMER) argues that, in the first half of this year, there will be a crisis of products manufactured in our country because of the increase in the clawback tax and "the explosion" of raw materials manufactured in China, as a result of the coronavirus (COVID-19) outbreak, according to a release of the institution. PRIMER asks the parliamentary political parties to treat "responsibly" the ...

Trade: Report: E-commerce market in Romania surpasses 4.3 billion euro, in 2019

Tuesday, February 11, 2020

The e-commerce sector in Romania exceeded the value of 4.3 billion euro, at the end of 2019, an increase of 22 pct over the data of 2018, the daily average of online transactions that Romanians made being approximately 12 million euro, the estimates of the Romania Association of Online Stores (ARMO) show, quoted in the in the GPeC Report ."The e-commerce sector has exceeded the 4.3 billion euro threshold at the end of 2019, with 20-22 pct more than in 2018 when ...

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