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Eurostat: Romania's Electricity Consumption Drops 11.8% in May
Analysis

Eurostat: Romania's Electricity Consumption Drops 11.8% in May

Electricity consumption in May 2020 showed very low levels in a number of countries, in particular in Spain and Poland (both -13.7% compared with May 2019), Slovenia (-13.4%), Croatia (-11.9...

Oana Gavrila · 02.09.2020 · 16:56 · 1 min
New Car Registrations in Romania Drop 52% on Year in August
Automotive

New Car Registrations in Romania Drop 52% on Year in August

New car registrations in Romania declined 52.6% in August compared with August 2019, to 12,900 vehicles, the Automotive Manufacturers and Importers Association (APIA) said Tuesday.

Oana Gavrila · 01.09.2020 · 18:22 · 1 min
Central Bank Survey: 75% of Companies Didn't Use Bank Financing in Last 12 Months
Banks-Insurance

Central Bank Survey: 75% of Companies Didn't Use Bank Financing in Last 12 Months

Internal sources remained the main financing sources for Romanian companies in June 2019-May 2020 , mainly due to substantial growth in profit reinvestment and assets sale, while bank loans...

Oana Gavrila · 01.09.2020 · 17:41 · 1 min
Electric and Plug-In Hybrid Car Sales Rise in January-July
Automotive

Electric and Plug-In Hybrid Car Sales Rise in January-July

Green cars, i.e. electric and plug-in hybrid vehicles, are still seeing a rise in sales, despite the decline of the auto market due to the pandemic.

Loredana Frățilă-Cristescu · 01.09.2020 · 10:16 · 1 min
Number of New Homes Delivered in Bucharest and Timisoara More Than Doubled in 2019
Real Estate

Number of New Homes Delivered in Bucharest and Timisoara More Than Doubled in 2019

The number of new homes delivered in Bucharest and Timisoara in 2019 more than doubled compared with 2017.

Loredana Frățilă-Cristescu · 01.09.2020 · 09:23 · 1 min
Number of Microbreweries in Romania Up from Zero To 59 In Ten Years
Companies

Number of Microbreweries in Romania Up from Zero To 59 In Ten Years

Oriel Beer, Bereta, Capra Noastra, Bere Grivita, Perfektum, Bere a la Cluj, Anagram are among the newest craft beer brands in Romania, on a segment that went from zero to 59 microbreweries i...

Loredana Frățilă-Cristescu · 31.08.2020 · 10:28 · 1 min
About 70% of Medium-Sized Agribusiness Companies to Remain Same Size in 5 Years
Companies

About 70% of Medium-Sized Agribusiness Companies to Remain Same Size in 5 Years

About 70% of the medium-sized agribusiness companies in Romania will remain the same size in the next five years, 25% of them will either become small businesses or microenterprises and only...

Loredana Frățilă-Cristescu · 28.08.2020 · 09:41 · 1 min
JLL: Residential Sales Down 7% in 1H in Bucharest and Ilfov
Real Estate

JLL: Residential Sales Down 7% in 1H in Bucharest and Ilfov

The impact of the pandemic on the residential market differs by price range but overall sales of new housing declined 7% on the year in the first half of 2020, to around 8,000 units in Bucha...

Oana Gavrila · 27.08.2020 · 12:23 · 1 min
Overdue Loan Repayments Drop 8.7% on Year in July
Banks-Insurance

Overdue Loan Repayments Drop 8.7% on Year in July

Overdue bank loan repayments grew a slight 0.1% in July compared with June but dropped 8.7% on the year, to RON6.8 billion, central bank data showed.

Oana Gavrila · 27.08.2020 · 11:14 · 1 min