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Economic
A Madrid-based business association won a contract worth RON 701 million for the finalisation of Transylvania motorway
Tuesday, May 26, 2015
Romania's National Roads and Motorways Corporation (CNADNR) has awarded a contract worth RON 701 million, VAT excluded, to a Madrid-based business association for the design and construction of the Suplacu de Barcau - Bors portion for the finalisation of the Brasov-Targu Mures - Cluj - Oradea motorway, according to an award announcement ...
International Baia Mare Airport will be rebuild by the end of this year
Tuesday, May 26, 2015
The rebuilding works at the runway of the International Baia Mare Airport will be completed by the end of this year, the manager of the airport, Dorin Buda, told ...
Romania moves closer to the end of the disastrous Transylvanian Highway project
Tuesday, May 26, 2015
Eleven years after work began, the end may be in sight for one of the most disastrous road projects in recent history after Romania’s National Company for Highways signed a contract worth $180m to complete a 60km stretch of the Transylvanian Highway between Suplacu de Barcau in north-western Romania and the town of Bors on the Hungarian border. The contractors that will undertake the work are Spanish group Corsan-Corviam Construccion and Romanian ...
Telecom.IT : Telekom Romania launches new concept on the market: MagentaONE
Tuesday, May 26, 2015
Telekom Romania launched on Monday the commercial concept for integrated fixed and mobile services, MagentaONE, Romania becoming the third country with this facility, after Germany and Slovakia. According to Mediafax, the new service is addressing both individuals and companies. By the end of April, more than 100,000 customers were already benefiting from the new service. “With MagentaONE, ...
Romania voice, data market to reach USD 4.2 bln in 2019
Tuesday, May 26, 2015
The market for voice and data services in Romania will reach a value of USD 4.2 billion in 2019, according to local news agency Agerpres citing estimates by local operator Euroweb. In 2014, revenues totaled about USD 3.7 billion. The new products and services to be launched by telecom operators in the coming period will allow them to secure their customer base to prevent price erosion and have a growth of revenue in double-digit percent over the next five years, Euroweb ...
Romania average monthly mobile data traffic up by 40% in H2
Tuesday, May 26, 2015
The average monthly traffic of mobile data grew by 40 percent in H2 in Romania compared to the first half of 2014, according to Romania’s telecommunications authority citing the. online application for comparing telecom offers. According to the data, an average user of mobile telephony and mobile internet configured on .ro uses 155MB internet traffic every month, sends 72 national SMS and talks on average 202 minutes on-net and 47 ...
Romanian used 155 MB of mobile internet traffic each month in the second half of 2014
Tuesday, May 26, 2015
Romanians used more mobile internet in the second half of last year, according to Romania’s telecom regulator ANCOM. The average Romanian consumer of mobile telecommunications services used 155 MB of mobile internet traffic each month in the second half of 2014, 40% more than in the first half of the year, ANCOM data shows. The official data comes to confirm telecom companies’ reports, which showed that mobile ...
Trade: Czech Republic, Romania, Slovakia, Bulgaria call for restrictions on chain businesses
Tuesday, May 26, 2015
The Czech Republic, Bulgaria, Romania, and Slovakia have signed a joint statement, in which they call on the European Commission (EC) to prepare measures for restrictions on chain businesses in their relations with suppliers, Ceskenoviny reported.The agriculture ministers of the countries and their representatives coordinated the statement at a meeting in Bratislava.“We call on the European Commission (EC) to prepare a package of measures for ...
Cars: Operational leasing market has grown 16 percent year-on-year in the first quarter of 2015
Tuesday, May 26, 2015
Romania's operational leasing market has grown 16 percent year-on-year in the first quarter of 2015; it reached a financing volume of 50,000 vehicles, BCR Leasing IFN CEO Bogdan Speteanu announced in a press conference on Monday. This specialized market has ...
Used car registrations climbed 14.84 per cent, in January through April 2015
Tuesday, May 26, 2015
Used car registrations climbed 14.84 per cent, up to 73,824 units, in Romania January through April this year compared with the same time span last year, when 64,286 units were registered, according to statistics of the Driving Licence and Vehicle Registration Directorate ...
Real estate: Romania's real estate market had a more dynamic start in 2015
Tuesday, May 26, 2015
Romania's real estate market had a more dynamic start in 2015, compared to the activity recorded in previous years, mainly in terms of transactions with land and apartments in new residential buildings, shows a Crosspoint Investment Banking & Real Estate analysis.Thus, the overall real estate market has bottomed–out as compared to the previous year and is set to enter a new growth cycle assuming sustained GDP growth and increasing FDI inflows (that increased ...
Tourism : Romanian spa market was worth 6.9 million euros in 2014
Tuesday, May 26, 2015
Romania's health spa market was worth 6.9 million euros in 2014, up by 6% from 2013, according to a survey conducted by representatives of relevant companies on the ...
Croatia, Montenegro, Romania, Serbia and Slovenia improve tourism growth
Tuesday, May 26, 2015
According to the records for the first quarter of 2015, European tourism is heading for a positive and steady growth. Consequently, there's need for relevant industry players to come together and join forces so as to sustain this growth. According to the report by European Travel Commission “European Tourism 2015 – Trends & Prospects”, in the first months of this year most European destinations recorded positive results. This growth is ...
Agriculture : Romania's trade balance in agri-food products, down by 72% in the first two months of 2015
Tuesday, May 26, 2015
Romania's trade balance in agri-food products recorded a surplus of 28.9 million euros in the first two months of 2015, down by 72% from the 104.1 million euros reported in the same period of 2014, according to the data released by the Ministry of Agriculture and Rural Development ...
Healthcare: Sales of pharma increased in Q1 by 10.7%
Tuesday, May 26, 2015
The value of pharma release to the patients in Romania in Q1 of the year, was of 3.27 billion lei, at distribution price, up by 10.7% against 2014, according to the results of the study Pharmaand Hospital Report, made by Cegedim. 'The evolution of Q1 2015 although under that of Q4 2014, was over the expectations due to the performance of OTC (pharma released without prescription) especially the seasonal ones, and paradoxically, due to the announcement ...
Trade: Romania tablet market slides 20% in value terms in Q1
Tuesday, May 19, 2015
Romania’s tablet PC market fell 20 percent in value terms in the first quarter to EUR 18 million, writes local paper Ziarul Financiar citing mobile devices maker Televoice’s director Liviu. In some segments where the key players are local companies, the decline was even stronger amid tough price competition. The first quarter marked almost the collapse of the local tablet market, especially for category B brands, said. His company, Televoice, sells ...
Telecom.IT : Romanians talked for 67 billion minutes in 2014 on their mobile telephones
Tuesday, May 19, 2015
Nearly 23 million users of mobile telephones in Romania talked for 67 billion minutes in 2014. The figure is 5.3 percent higher than in 2013. The average duration of a call on a mobile terminal was two minutes 26 seconds, according to the statistical data report released on Tuesday by the National Authority for Management and Regulation in Communications ...
Bruce Andrews : Over 50 billion devices to be connected to the Internet by 2020
Tuesday, May 19, 2015
The number of devices connected to the Internet worldwide will triple by 2020, to more than 50 billion units, US Deputy Secretary of Commerce Bruce Andrews told the second day of the Regional Cyber Security Summit in Bucharest. Since the number of cyberattacks is increasing in Europe and all around the world, said Andrews, the time has come for the identification of technological ...
Orange Romania takes pre-orders for Huawei P8, LG G4
Tuesday, May 19, 2015
Orange Romania started taking pre-orders for Huawei P8 and LG G4 smartphones. The Huawei P8 will be delivered from 26 May. The first customers to pre-order this phone will receive a Huawei selfie stick as a prize. The P8's 13-Megapixel camera has the 'world's first' four-color RGBW sensor. LG G4 smartphones will be delivered as of 29 May in black and burgundy leather variants. LG G4's price starts from EUR 255 along with a subscription for a Pantera 41 tariff ...
Vodafone Romania accepts M-Pesa top-ups via m-pesa.ro
Tuesday, May 19, 2015
Vodafone Romania launched a new service that enables M-Pesa end-users to receive money from anywhere in the world directly to their phone in their M-Pesa account. The new functionality is addressed to any person who holds a credit card and wants to transfer money to end-user in Romania. Transfers can be made from anywhere via www.m-pesa.ro, the section ’ online (Recharge online)’. Vodafone accepts online payments made from bank ...