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Economic
Value of food imports up 11% compared to last year
Tuesday, November 22, 2016
The difference in value between Romania's imports and exports of food products reached almost 500 million Euro, freshplaza.com reads. This is 7 times more than in the same period last year. The situation is even more worrying considering that the situation in 2013 and 2014 was exactly the opposite, with more local food sold than imported products. In the first 7 months of this year, Romania imported food worth 3.5 billion Euro; this is 11 percent more ...
Cars: Dacia sales dropped by 1.9% in October
Tuesday, November 22, 2016
Sales of Dacia cars recorded a drop of 1.9% in Europe (EU plus EFTA), the car manufacturer’s market share being 2.6%, according to statistics of the European Automobile Manufacturers Association (EAMA) published on Thursday. 29,269 Dacia cars were registered in Europe last month compared to October 2015 (29,847 units). The French groups Renault and PSA Peugeot Citroen ...
115,000 new vehicles were sold in Romania in the first 10 months of 2016
Tuesday, November 22, 2016
Almost 115,000 new vehicles were sold in Romania in the first 10 months of the year, a figure by 17.5 percent higher from the same period of 2015, while the domestic car production diminished by 8.3 percent to 301,538 units, reveals data of the Automotive Manufacturers and Importers Association (APIA) released on Thursday. According to the statistics, in the interval January - October, of the more than 301,000 new vehicles produced in Romania, 266,590 were ...
Healthcare: Romania is the second country in Europe for antibiotic consumption
Tuesday, November 22, 2016
Romania is the second country in Europe for the consumption of antibiotics with 600,000 Romanians undergoing such a treatment, Gabriel Popescu, councillor of the health minister declared on Friday at a press conference. “There is a direct connection between the consumption of antibiotics and bacteria resistance. The higher antibiotic consumption is , the more the bacteria resistance to antibiotics. This year we made more steps to limit the size ...
Infrastructure : CFR SA and the European Commission signed a funding contract worth a total 440 million euros
Tuesday, November 15, 2016
Romania's national passenger railway carrier CFR SA and the European Commission - via its Innovation and Networks Executive Agency (INEA) have signed a funding contract for the upgrading of the Apata-Cata railway portion worth a total 440 million ...
Cars: New cars registered in Romania this October advanced 4.02 percent
Tuesday, November 15, 2016
The number of new cars registered in Romania this October advanced 4.02 percent to 11,084 units, compared with the same period of 2015 according to the Driving Licences and Car Registrations (DRPCIV). In the ...
In September 2016 the turnover of the trade with motor vehicles increased by 23.8%
Tuesday, November 15, 2016
Compared to the previous month, in September 2016, the turnover of the trade with motor vehicles and motorcycles increased both as gross series by 10.7% and as adjusted series according to the number of working days and to seasonality increased by 3.5%. The turnover of the market services provided to the population decreased compared to the previous month as gross series by 4.5% and increased as adjusted series according to the number of working days and to ...
Used cars registered in Romania in the first ten months of 2016 reached 250,800 units
Tuesday, November 15, 2016
The number of used cars registered in Romania in the first ten months of 2016 reached 250,800 units, a 22.79 percent increase when compared to the similar period of last year, according to the statistics of the Driving Licences and Car Registrations Directorate ...
Real Estate: Trends on Romanian property market: High-class homes becoming more popular
Tuesday, November 15, 2016
A new residential project is being kick started north of Bucharest some ten years after its owners first bought the land, and is intended to ride the wave of Bucharest’s growing segment of premium housing, business-review.eu reads. Loreco Investments is a new entry on the local real estate market, yet it has recently announced ambitious plans for the years to come. The company is owned by Rey Muraru and Lorna and Colin Jackson, all new names in ...
GIC takes over P3, which has the biggest logistics park in Romania
Tuesday, November 15, 2016
The Singaporean sovereign wealth fund GIC will buy P3 Logistics Parks, which also has investments in Romania, in a deal worth EUR 2.4 billion, business-review.eu informs. P3, which is one of the biggest owners, developers and administrators of logistics assets across Europe, will be acquired by GIC from TPG Real Estate and its partner Ivanhoé Cambridge. The sellers had taken over P3 in 2013. Since then, the group has ...
Offices and industrial spaces demand has exceeded in Romania the level from 2015, says JLL
Tuesday, November 15, 2016
The leasing activity on the Romanian offices, industrial and logistics markets registered significant changes in the first nine months of this year compared with 2015, according to JLL Romania quoted by business-review.eu. On the office markets, the leasing volumes in the first nine months have exceeded the level of the entire last year, over 45 percent of the transactions volume being represented by new contracts. “The ...
Telecom. IT: Telekom Romania's fixed, mobile revenues slide in Q3
Tuesday, November 15, 2016
Revenues from Telekom Romania's fixed-line operator division grew 3.9 percent to EUR 149.1 million in Q3 primarily reflecting the company’s successful Fixed-Mobile convergent (FMC) platform, and higher wholesale revenues, telecompaper.com reads. Service revenues decreased by 0.9 percent to EUR 258.1 million. Compared to Q3 2015, fixed voice revenues continued to decline by 13 percent, broadband revenues were down 1 percent, while TV revenues ...
Healtcare: 11.6 percent of Romania's patients diagnosed with diabetes in the past year
Tuesday, November 15, 2016
As many as 11.6 percent of Romania's patients diagnosed with diabetes, meaning 100,000, checked in a hospital at least once in the past year for complications caused by this illness, reveals a research carried by the IMAS, commissioned by the Centre for Innovation in Medicine and released on Monday, World Diabetes ...
Bulgaria, Romania Sign Agreement on Negotiating Expensive Medicines Discounts
Tuesday, November 15, 2016
The Health Ministers of Bulgaria and Romania have signed a bi-lateral agreement on negotiating discounts for expensive medicines, novinite.com informs. The aim is for the two countries to negotiate confidential financial discounts for expensive medicines which will provide patients with better access to the newest treatment. Bulgaria and Romania will combine their ...
Agriculture : 10% European fund absorption in agriculture until end of 2016
Tuesday, November 8, 2016
The European fund absorption rate in agriculture and rural development proposed until the end of the year is about 10%, which means between 800 and 900 million euros, of which investments represent 400 million euros, said David Eugen Popescu, the general manager of AFIR. “We have selected projects of about 1 billion euros and authorised payments of 650 million euros, an absorption degree of about 7.5% and a target of 10% until the end of the ...
The European Commission classified an infringement procedure against Romania in the domain of forests
Tuesday, November 8, 2016
The European Commision classified an infringement procedure against Romania for the wrong management in the domain of Forests, informs the minister of environment, waters and forests. ‘The European Commission classified the file 2015/2152 – file in the case of non-meeting of the obligations which come to the Romanian state on the basis of art.10 (1) – (2)-art.11 and art.19 of the regulations no.995/2010 for the establishment of the ...
President Iohannis: agriculture could become a real engine of economic growth
Tuesday, November 8, 2016
President Klaus Iohannis on Wednesday said that agriculture could become a real engine of economic growth, underlining that according to figures Romania has had a good agricultural ...
KeysFin survey : Romania's wine industry could exceed 723 million lei in turnover in 2016
Tuesday, November 8, 2016
Romania's wine industry could exceed 723 million lei in turnover this year, up from the 680 million lei registered in 2015; Romania is on position 13 in the world ranking of wine-producing countries, shows a KeysFin expert survey released on ...
Minister Irimescu: Farmers could receive approximately 70- 80 Euros per day
Tuesday, November 8, 2016
Farmers could receive approximately 70- 80 Euros per day, through the programme which grants vouchers for professional training, Agriculture Minister Achim Irimescu stated on ...
Telecom.IT: National inventory of public electronic communication networks and new tender for digital television multiplexes in 2017
Tuesday, November 8, 2016
The National Authority for Administration in Communications (ANCOM) will continue in 2017 the national inventory of public communications networks and associated infrastructure elements and will organize a new tender for national, regional and local digital land television multiplexes. ANCOM will also organize a public consultation on the allocation of additional radio spectrum for broadband communications for 450 MHz, 700 MHz, 800 MHz, 1500 MHz, 2600 ...