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Tourism : Travel expenses of non-residents in Quarter IV 2014 and year 2014
Tuesday, March 24, 2015
In 2014, the number of non-resident tourists accommodated in hotels and tourist boarding houses1 was of 1911.4 thousand and their total expenditure amounted to 5090.9 million lei. In Quarter IV 2014, the total number of non-residents accommodated in hotels and tourist boarding houses was of 430.1 thousand and their expenditure amounted per total to 1358.6 million lei. The main reason of the non-resident tourists’ ...
Agriculture: Romania records in 2014 its 2nd surplus year in agri-food trade
Tuesday, March 24, 2015
Romania has recorded in 2014 a EUR 514.3 million in agri-food trade, on an uptrend by about 60 pct as against the EUR 324.9 million positive balance it had reported at end-2013. So, 2014 is the second year in a row with a positive balance as regards the Romanian agri-food trade. "I'm glad we enjoy a second year positive balance. It is something that was also remarked by the European Commissioner ...
Real estate: Most expensive apartment on sale in Romania costs EUR 4 mln
Tuesday, March 24, 2015
Although in Romania the luxury residential segment is in an early development phase and penthouse offers are not very numerous,according to an analysis made by Imobiliare.ro, asking prices in the Bucharest can reach EUR 4 million, while in other cities analyzed, the sellers’ financial demands fall, with one exception, below EUR 500.000. In Bucharest, the most expensive ...
Infrastructure : Cretu: EC sees TEN-T projects completion in due time foremost Transport Master Plan priority
Tuesday, March 17, 2015
The foremost priority of Romania's General Transport Master Plan, from the European Commission (EC) viewpoint, is the completion in due time of the projects within the main Trans-European Transport Network (TEN-T) and, secondly, the identification of the most important projects for the extended TEN-T, which could also benefit from the EC financial support, European Commissioner for Regional Policies Corina Cretu said on Tuesday after a working meeting with Transports Minister ...
UK is ready to help Romania in the infrastructure development
Tuesday, March 17, 2015
Romania has quite ambitious plans when it comes to its infrastructure development and UK is ready to help with their accomplishment, the British Ambassador in Romania, Paul Brummel, said in the end of the trade mission that benefited from the participation of 50 British companies, on Tuesday held in ...
Tourism: Mamaia resort, most visited by foreign tourists in 2014
Tuesday, March 17, 2015
The number of foreigners to visit all inclusive hotels on the Romanian littoral this summer will double, exceeding 10,000 persons coming mainly from Germany, Poland and Israel, according to Mareea, the agency which brings most tourists to seaside resorts. An analysis made by the agency shows that about 5,000 tourists out of a total of 31,000 foreign tourists visiting the littoral chose all inclusive hotels last year. Most ...
PM Ponta, at Tourism Fair, announces 1 billion euro EU funds for Danube Delta
Tuesday, March 17, 2015
Prime Minister Victor Ponta, in the opening of the Romanian Tourism Fair on Thursday, said that the European Union's 2014 - 2020 financial allotment for Romania provides one billion euro funds for the Danube Delta area. "Whenever I have the opportunity, in Romania, abroad, I try to promote what ...
Sheraton will enter Sri Lanka and Romania this year
Tuesday, March 17, 2015
Sheraton, an international hotel brand, is expected to see at least 20 new hotel openings around the world the end of the year, the hotel’s operator, Starwood Hotels and Resorts Worldwide, announced on Thursday. Sheraton will enter Sri Lanka and Romania this year, building upon its 2014 debut in Tajikistan and last month’s launch in Samoa. Strong demand across the Asia Pacific is also driving future pipeline growth, with the brand set to open over one third of its ...
Telecom.IT : Telekom Romania sets 2015 targets
Tuesday, March 17, 2015
Telekom Romania plans to invest €160 million this year on developing its network and services, according to Nikolai Beckers, the company’s CEO. He added that some of the budget for the investment would come from the sale of properties and old copper infrastructure, with the latter being replaced by modern FTTH technology. Beckers also said that the telco sold real estate worth ...
CEE cable operators give contrasting views
Tuesday, March 17, 2015
Although the Polish cable market is as mature as any in Western Europe, from an operator’s perspective there are still too many companies providing services. Speaking in a panel discussion on Central and Eastern Europe, Tomasz Zuranski, the CEO of Vectra, added that his company had in the last few years undertaken no fewer than 90 transactions to reach its current subscriber total of ...
Agriculture : Romania to be able to launch its National Rural Development Programme 2014-2020
Tuesday, March 17, 2015
Romania in mid-April will receive the letter of conformity from the European Commission, so as to be able to launch its National Rural Development Programme (NRDP) 2014-2020, following by early May the authorities to launch all the measures comprised in the programme, Minister of Agriculture, Daniel Constantin, said on Friday, at the ...
Commissioner Cretu: We will never forget or abandon the Romanian village
Tuesday, March 17, 2015
We will never forget or abandon the Romanian village, but on the contrary, we will handle it with special attention because it is essentially different from the villages of the old EU member countries, European Commissioner for Regional Policy Corina Cretu said while on a visit to Ratesti - Arges County, at a pig farm set up with European ...
Healthcare: 2014 witnessed 720-750 new HIV/AIDS cases
Tuesday, March 17, 2015
Head of the HIV/AIDS Monitoring and Assessment Department of the Matei Bals Institute of Bucharest told a press conference on Friday that 2014 witnessed 720-750 new HIV/AIDS cases, with the annual occurrences standing at 1,000 a ...
Several drugs might be pulled off the Romanian market over the next months
Tuesday, March 17, 2015
Several drugs might be pulled off the Romanian market over the next months, while several pharmaceutical companies might go bankrupt, the Association of Generic Drug Producers in Romania has warned. According to the Association CEO Laurentiu Mihai, that is the result of the claw back tax which has been levied since 2010, which provides for the producers of prescribed drugs to pay a quarterly contribution to the state ...
Real estate: DTZ: Romania will have 3 million sq.m. of malls this year
Tuesday, March 17, 2015
The stock of modern retail areas in Romania will exceed this year 3 million square meters, compared to 2.86 million sq. M. In 2013. Bucharest projects will cumulate a third of total and the empty space degree will vary between 4% and 25%, according to DTZ. “In 2015 the stock of modern retail areas in Romania will exceed 3 million square meters while in Bucharest it will be 1 million square meters. The vacancy rate ...
Cyprus group will invest 75 million euros in real estate market in Romania
Tuesday, March 17, 2015
Mentor Group Holdings (Cyprus), by means of the real estate division Mentor Group Investments wants to invest 75 million euros in Romania this year, for the development of real estate projects and for crediting solutions for potential clients. The company intends to gradually increase the portfolio of the Romanian market. “The Romanian real estate market has ...
Cars: Reuters: The strong drop in sales with Dacia on the French market in February
Tuesday, March 10, 2015
The registering of vehicles make Dacia in France had in February 2015 a drop of 27.2% annually, up to 6.602 units, higher drops being recorded only with Chevrolet and Lancia, show the data published on Monday by the Committee of the French Automobile Builders (CCFA), Reuters says. As a whole, the French auto market recorded in February an increase of 4.1% up to 147.130 units, supported by foreign makes and the Renault. ...
Real Estate: CBRE: Romania improved its presence in the top of countries appealing for retail extension
Tuesday, March 10, 2015
Romania has improved its presence in the world top of the countries with the most important retailers who want to expand this year, being 22nd out of 67 the same position as Sweden,Taiwan, Canada and Russia and before Slovakia, Hungary or Turkey, according to CBRE. The real estate consultancy company interviewed the retailers in Europe,America and Asia to find out the number of shops they want to open this year and the ...
Esop:the demand for offices outside the capital goes on growing
Tuesday, March 10, 2015
The market of offices spaces outside the capital city had in 2014 for the third year in a row,an important increase,Cluj-Napoca,Timisoara and Iasi being the most wanted cities, but the companies started to be interested in other markets such as Craiova, Targoviste,Targu Mures,according to Esop. In the cities in the country, the main tradings were last year 37,377 square metres rented,with 60% more than in 2013 and over 7 ...
Bucharest's 2-room flats not recorded higher prices in the last 12 months
Tuesday, March 10, 2015
Bucharest's 2-room flats are the only ones that have not recorded higher prices in the last 12 months, with their price having decreased by 1 per cent, whilst the price of studio flats has increased by 12 per cent, a survey conducted by a real estate portal has found. "The slight decrease in the price of 2-room flats in Bucharest is explained by the increasing number of offers on the market for this type of homes. For example, in the last 12 months, the ...