RSS
Economic
Tourism: Romania’s Chamber of Deputies has adopted the special tax for tourism and food service
Tuesday, July 5, 2016
The Chamber of Deputies adopted on June 28 a bill that regulates the specific tax, by the waver of the Fiscal Code, for the firms that develop activities in hotels field, restaurants, bars and that offers accommodation facilities for holidays, business-review.eu informs. The legislative initiative adopted by the Chamber of Deputies regulates the assurance of the legal framework regarding the establishment of a new way of taxation applied to the ...
The tourists’ overnight stays in the establishments of tourists’ reception increased by 4.9% in May 2016
Tuesday, July 5, 2016
Compared to the corresponding month of the previous year, both the arrivals and the overnight stays in the establishments of tourists’ reception with functions of tourists’ accommodation increased by 6.7% and by 4.9%, respectively, in May 2016. Compared to May 2015, in May 2016, customs registered an increase in both the arrivals of foreign visitors of 19.2% and in the departures abroad of the Romanian ...
Real Estate: WB: Germany Tops 2016 Logistics Performance Index
Tuesday, July 5, 2016
Trade Logistics in the Global Economy, ranks Romania on the 60th place out 160 countries. For the third time, Germany is the top performer. Syria ranked lowest. Progress in logistics performance has slowed for the first time since 2007 for the world’s least developed ...
In Romania, 1 million of houses were built starting in 1990
Tuesday, July 5, 2016
Romania's total stock of houses and flats was standing at 8.9 million units at the end of Q1, 2016, 1 million of which were built starting in 1990, according to a real estate study released on ...
Agriculture: Romania may become main rape producer
Tuesday, July 5, 2016
Agriculture might record in 2016 the best results in the last decade, an overall business of 24.5 billion lei, as a result of the favorable spring weather, of investments, of relaunching consumption and the evolution of prices, an analysis made by Dekalb, a Monsanto division shows. Figures prove that the local wheat market will have in 2016/2017 the fifth season on the row of increase in point of wheat productivity and the fourth consecutive wheat crop ...
Government decided to cut the VAT from 20pct to 9pct for specific agricultural services
Tuesday, July 5, 2016
The government has decided in its Tuesday sitting to cut the VAT from 20pct to 9pct for fertilizers, seeds and specific agricultural services, with an estimate budget impact of 65.8 million lei in 2016, Public Finances Minister Anca Dragu said on Tuesday in a media briefing at the ...
Food expenditures accounted for 41.6 percent of the households' total consumption in 2015
Tuesday, July 5, 2016
Food expenditures accounted for 41.6 percent of the households' total consumption spending last year, down 1.8 percentage points from 2014, shows a document of the National Institute of Statistics ...
Romania is the EU’s fifth largest fruit and veg producer
Tuesday, July 5, 2016
Romania is the fifth largest EU vegetable producer, with 151,000 hectares of crops, which represents 7.3% of the EU's total acreage devoted to vegetables, freshplaza.com reports. Overall, the European Union's leader in terms of total vegetable production is Italy, which accounts for over 20% of the EU's vegetable acreage, followed by Spain (17%), France (11%) and Poland (9%). The production of cucumbers in Romania, which ...
Farmland prices continue to grow in 2016
Tuesday, July 5, 2016
Farmland prices are projected to continue to rise in 2016 after growth of approximately 10 percent last year, business-review.eu informs. Given that they are still well below the average prices in Western Europe, the acquisition of local farmland is set to remain a lucrative opportunity for those looking to start a farming business and investors alike. The price of local farmland has more than tripled since 2007, but even so it remains an attractive ...
In 2015, compared to 2014, the total milk production decreased by 2.7%
Tuesday, July 5, 2016
• Compared to the previous year, in 2015 the weight of the animals to be slaughtered for consumption increased for all species. • ...
Healthcare : GE Healthcare’s innovative telemedicine technologies for cardiology implemented in a medical facility in Iasi
Tuesday, July 5, 2016
* GE Healthcare implemented in Iasi a cardiology information system to integrate, manage and streamline the flow of cardiac information. The system will enable physicians to access patients’ electrocardiogram information while streamlining workflows, to enable faster data delivery, distribution and analysis for better informed decisions and high quality care. Today heart diseases are among the leading diseases in ...
Roche Romania changes distribution model of medicines for serious diseases
Tuesday, July 5, 2016
Roche Romania is changing the distribution model of medicines for the treatment of serious chronic diseases. The need to implement a new distribution model became apparent after the company received hundreds of requests in 2015,business-review.eu reports. According to a press release by the company, in 2015 several hundred patients, doctors, hospital managers and pharmacists notified Roche Romania about the lack of availability of certain products on ...
Trade: Share of bakery products in overall household expenses for foodstuff and alcoholic beverages dropped in 2015
Tuesday, July 5, 2016
The share of bakery products in overall expenses on foodstuff and alcoholic beverages of households dropped to 12.9% in 2015, according to the National Statistics Institute(INS). “In 2015, expenses for the purchase of bread and bakery products dropped compared to the previous year (from 13.5% in 2014 to 12.9% in 2015) in overall expenses for foodstuff and alcoholic beverages.This share is 18.9% (19.4% in 2015) in case of farmer households and ...
Expenses for food consumption had share of 41.6% last year
Tuesday, July 5, 2016
Expenses for food consumption held a share of 41.6% of overall consumption expenses in households last year, on the drop by 1.8% against 2014, according to INS. “In 2015, expenses for food consumption held a share of 41.6% of overall consumption expenses, on the drop by 1.8% against 2014. On the average, the share of expenses for non-food goods in overall consumption expenses, was 31.5% (30.2% in 2014). The amplitude of the variation of the share ...
Managers expect 52 pct increase in Romania for the production of beverages
Tuesday, July 5, 2016
According to the National Institute of Statistics (INS), there will be a significant increase in June in the manufacture of beverages and for the production of other non-metallic mineral products (balances +52 percent and +46 percent, respectively), while for the manufacturing of tobacco products the tendency will be of decrease, business-review.eu reports. Also in June there will be an increase in the production volume of the construction activity for ...
Telecom.IT: Romanian software market will exceed three percent of GDP
Tuesday, July 5, 2016
In the coming years the Romanian software market will exceed three percent of GDP, and the IT market will grow to over 10 percent of GDP, president of the Employers' Association of the Software and Services Industry (ANIS) Teodor Blidarus told a specialist conference on ...
Orange Romania expands 4G/LTE coverage
Tuesday, July 5, 2016
Orange Romania expanded its LTE coverage to a number of important highways that link the capital Bucharest to Pitesti, Ploiesti, the city of Contstanta, which is closed to Black Sea resorts, and the city of Brasov, which is situated near several mountain resorts, telecompaper.com informs. More specifically, the operator's LTE coverage was extended to five highways, namely A1 (Bucharest - Pitesti), A2 (Bucharest - Constanta), A3 (Bucharest - Ploiesti), ...
AirFi launched by TAROM starting with August on board the aircraft
Tuesday, July 5, 2016
TAROM launches AirFi, an intranet service on board the aircraft, which will be available starting the second half of August on the routes Madrid, Barcelona and Dubai, the longest routes the company is operating at present, stated on Thursday the interim general manager TAROM Gabriel Stoe. AirFi is the smallest portable system of entertainment on board the planes in the world which allow access of the passengers to a platform which offers a wide range ...
Infrastructure: Minister Costescu: Budget execution for investments in transports is 46% higher than in 2015
Tuesday, July 5, 2016
Budget execution for investments in transports this year is 46% higher than in 2015, said Dan Costescu, the minister of transports at a briefing at Victoria Palace. “This means that compared to the amount we have spent, which is about 8 hundred millions, we still have a reserve of 400 millions in intermediate payment certificates and invoices. All these are 400 millions which, added to the others, represent 46% more than in the same period of ...
OECD Deputy Secretary General claims Romania has the worst roads in the EU
Tuesday, July 5, 2016
Romania has some of the worst roads in the European Union despite big sums of money being spent on infrastructure, according to Mari Kiviniemi, Deputy Secretary General for the Cooperation and Economic Development Organization (OECD), business-review.eu reports. “In the last years, the Romanian Government has invested EUR 9 billion per year in the construction sector. However, it seems better prices can be ...