Romania has, currently, around 6.9 million hectares of forest fund, out of which 51pct are private property, data released by the National Forestry Inventory (IFN) at a Thursday conference reveals. According to IFN, there are 14 million hectares of farmland, the ratio of the categories of land being 1:2.1. The data indicate that there are around 830,000 forest and approximately four million owners of farmland, with a ratio of 1:5. The forest sector (forestry and wood processing) represents 2pct of GDP and that of agriculture and food industry represents 12pct. The IFN Inventory was conducted between 2008-2012; a new cycle of analysis debuted in 2013. "IFN was initiated in 2006, and its completion was stated in the Forest Code in 2008, in order to align to European standards. This inventory must be conducted, at a national level, every five years. The inventory must be conducted due to a need for precise and up-to-date information to serve as the basis for the forestry policy, forecasts, programs and strategies for the development of the forestry sector," Director for Policies and Strategies with the Environment Ministry Danut Iacob stated at the conference. The data were collected in the field by 21 teams assembled and trained for this purpose, each consisting of three people. IFN data shows that in cubic meters, the amount of wood is 2.22 million, with an average 321.9 cubic meters per hectare. The main species of trees are beech, representing 36.8pct, spruce - 23.8pct, holm - 10.1pct, hornbeam - 8.1pct and fir - 5pct.
Céline Gauer, the director general of the Recovery and Resilience Task Force (or RECOVER) at the European Commission, arrived in Romania on Tuesday, July 15, to meet with officials regarding the implementation of the National Recovery and Resilience Plan, or PNRR. As the coordinator of the PNRR, which offers funding in the form of advantageous […]
Aluminium producer ALRO, a subsidiary of Vimetco PLC from Cyprus, celebrated 28 years on the Romanian stock exchange (BVB) and 60 years of uninterrupted industrial activity. Its market capitalization has increased nearly 21 times since its listing and now exceeds RON 1 billion. The company’s history began with the first batch of Romanian aluminium, on June […]
Something is quietly shifting in Romania. In places where paperwork, patchy Wi-Fi, and long queues once ruled, change is starting to show. Towns are more connected, cities are getting smarter, and essential services are beginning to live online, not in line. A tidal wave of digitisation is common to other areas of the globe, that’s […]
Several segments in Romania's A7 and A8 highway projects have lost funding from the National Recovery and Resilience Plan (PNRR) due to project delays, the minister of investments and European projects, Dragoș Pîslaru, announced on Tuesday, July 15, as reported by Biziday.ro. He did not specify which segments of these highways were affected. The statement […]
Real estate developer Redport and businessman Dan Șucu officially inaugurated the showroom for their latest residential project, Vitality Est, and announced the start of construction work on the site near Pantelimon Park and Lake in eastern Bucharest. The project, estimated at EUR 50 million, will include 500 apartments and 400 square meters of commercial space. […]
According to an analysis from real estate consultant Colliers based on National Bank of Romania data, Romanians spent more than EUR 3 billion on international travel in the first four months of 2025, 15% more than in the same period of 2024. If the current pace continues, Romanians’ spending on foreign holidays and business travel […]
