Analysis
Deloitte: Over Half Of European Consumers Plan To Put Off Purchase Of A New Car; Romania Sees More Cautious Consumer Behavior
More than half of the European consumers (52%) plan to postpone buying a new vehicle and they will keep their current one longer than originally intended in the context of the COVID-19 pande...
JLL: Industrial and Logistic Space Leases Reach 250,000 Sqm in 1H/2020
Industrial and logistical space leased in Romania reached nearly 250,000 square meters in the first half of 2020, slightly higher than in the same period last year, real estate consultancy f...
Bankers Cautiously Optimistic about Economic Recovery
The turning point of the pandemic crisis has passed and bankers remain cautiously optimistic about economic recovery, willing to grant loans and take calculated risks. The banking system exp...
Electric, Hybrid Vehicle Registrations Grow 3% in 1H/2020
Registrations of electric vehicles and hybrids in Romania continued to grow in the first six months of 2020, registering 3% growth, to nearly 2,900 units, as the overall auto market plunged...
Colliers: Romania Is Well Positioned To Attract Industrial Capacities from Asia
The Central and Eastern European Region (CEE) may attract new production capacity as the global economy undergoes major changes in the pandemic context, according to a Colliers International...
PwC Survey: Online Shopping Rising, Spending Plans Drastically Reduced
The acceleration of consumer trends and behavior that was already underway prior to the COVID-19 outbreak has taken another leap forward and will spark consumer-facing companies and retailer...
Eurostat: House Prices in Romania Down 23.6% in 1Q/2020 vs 1Q/2007
Romania registered the second largest decline in house prices in the European Union in the first quarter of 2020 compared with the first quarter of 2007, of 23.6%, after Greece (-35.6%) and...
EC Sees Romanian Economy Contracting 6% in 2020
Romania's economy is expected to contract by 6% of gross domestic product this year, followed by 4% growth in 2021, according to the European Commission's summer economic forecast released T...
Romania Furniture Production Down 7%, Local Consumption Down 13% YoY In 2019
The furniture production volume fell by 7% to EUR2.32 billion in 2019, compared to EUR2.49 billion in 2018, and furniture consumption dropped nearly 13% in the same period, per data from the...