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Economic
Over 260 million euro from the Cohesion Fund for building motorways
Tuesday, November 25, 2014
The European Commission on Wednesday decided to supplement the funds allocated to Romania for building motorways by over 260 million euros from the Cohesion Fund, informs a European Commission press release. The European Commission has decided to cover the building costs of two motorway sections in Romania, initially funded by the ...
Telecom.IT : Romanian software and IT services market worth one billion euros
Tuesday, November 25, 2014
Romania counts on a software and IT services market worth one billion euros, with 80,000 programmers and engineers employed, Software and Services Industry Owners Association (ANIS) chair Andrei Pitis claimed at a press conference on Wednesday. 'There are 80,000 programmers and software engineers in Romania at present. The figure is ...
Healthcare: Personalized treatment for cancer patients in a European-funded project
Tuesday, November 25, 2014
Personalized treatment for cancer patients has become available in a project implemented by the Victor Babes National Institute, financed from European funds, in a campaign launched by the European Commission Representation in Romania and the Council of the European Union. The PersoTHER project began in 2010; it got funds ...
The Government has adopted the National Strategy for Health for 2014-2020
Tuesday, November 25, 2014
The Government has adopted in its Tuesday session a decision approving the National Strategy for Health for 2014-2020 and the Action Plan for the 2014-2020 period for implementing the National Strategy, said the Executive's spokesperson, Corneliu Calota, at the Government ...
Cars : Car sales grew by 25% in 10 months while production dropped by 4%
Tuesday, November 25, 2014
New car sales grew by 25% in the first 10 months of the year, to 83,116 units, while local production dropped by 4.1% to 329,405 units, according to Automotive Manufacturers and Importers Association ( APIA ) data. Compared to September, car deliveries went up by 4.2% in October, while production increased by 19,%, APIA shows. New car sales grew by 24.2% in the first 10 months, to the previous month. Exports advanced by ...
Exclusiv cars sales totaled 87 units over the first 10 months of 2014
Tuesday, November 25, 2014
Lexus, Lancia, Maserati, Ferrari and Lamborghini lead the top of exclusive new cars registered in Romania over the first 10 months of 2014; their sales totaled 87 units, according to data of the Driving Licences and Car Registration Directorate (DRPICV) of the Interior Ministry .The figures were as follows: 44 new Lexus cars, down 16.98 ...
Dacia cars sales ecorded a significant rise in Europe
Tuesday, November 25, 2014
Sales of Romanian-made Dacia cars recorded a significant rise in Europe (EU plus EFTA) over Jan.-Oct. 2014, with the domestic carmaker's market share expanding to 2.8 percent from 2.3 percent, according to statistic figures made public by the Association of European Automobile Manufacturers Association (ACEA) on Tuesday. Dacia ...
Romania's car market recorded, last month, a 31.3% growth
Tuesday, November 25, 2014
Car sales in the European Union and EFTA countries recorded, in October, the 14th consecutive month of growth as the recovery of the Eurozone's economy encouraged consumers to purchase new models, according to the European Automobile Manufacturer's Association /ACEA/, Reuters reports. Romania's car market recorded, last month, a ...
Tourism : Ibis Romania receives 9 pct more tourists in first 9 months of the year
Tuesday, November 25, 2014
Ibis Romania hotel chain, part of international group Accor, recorded an occupancy rate of 66 percent in the first nine months of the year and 136,000 overnight stays booked, up 9 percent compared to the same period last year. Ibis operates four 3-star hotels in Romania: two in Bucharest and one in Constanta and Sibiu. Out of the total overnight stays sold in Romania, 71.5 percent were booked for ...
Infrastructure : Trans-Carpathian motorways to be ready by 2018
Tuesday, November 18, 2014
Transport Minister Ioan Rus promises his ministry will extensively deal with trans-Carpathian motorways over the coming years, to provide strong links between the Romanian provinces by the centenary of the country's union, in ...
Tourism : Hotel owners are looking to turn Bucharest Romania into a winter destination
Tuesday, November 18, 2014
Hotel owners are looking to turn Bucharest into a winter destination, according to the Romanian Tourism Owners Federation (FPTR) quoted by Mediafax. “The target is to reach, within five years, 50,000 tourists in December, coming especially for these programs,” said Dragos Raducan, the vice-president of the Romanian Tourism Owners ...
Bulgaria, Romania To Attract Asian Tourists With Joint Efforts
Tuesday, November 18, 2014
Bulgaria and Romania will develop joint tourist projects to attract more tourists from China, Japan and India, said Bulgaria's Tourism Minister Nikolina Angelkova after a meeting with Florin-Nicolae ...
Telecom .IT: China Electronics to sell 50,000 phones in Romania in 2014
Tuesday, November 18, 2014
China Electronics Corporation (CEC), one of the largests Chinese manufacturers of telecom equipment, which bought Philips' mobile phone division in 2007, will exceed the threshold of 50,000 smartphones sold in Romania by the end of 2014 and aims to double its market share in 2015, according to local paper Ziarul Financiar citing Radu Ionescu, a distribution representative for Philips mobile phones in Romania. The company ...
AgriMin: agriculture will have a much better contribution to the GDP
Tuesday, November 18, 2014
Agriculture will have a much better contribution to the Gross Domestic Product and to the economic growth of Romania, since the farm production this year will be higher than in 2013 and in the third quarter there is a record in terms of the trade in agri-foodstuffs, Minister of Agriculture and Rural Development Daniel Constantin told ...
Cars: The turnover of trade in motor vehicles and motorcycles increased by 3.1%
Tuesday, November 18, 2014
The turnover of trade in motor vehicles and motorcycles increased by 3.1% in unadjusted terms and by 3% in terms adjusted to the number of working days and seasonality, in the first nine months of this year, compared to the same period of 2013, according to the data released on Wednesday by the National Institute of Statistics ...
Helthcare : Health Ministry to reopen 25 hospitals out of the 69 shut down by the government led by Emil Boc
Tuesday, November 18, 2014
The Health Ministry has reopened over the last year and a half 25 hospitals out of the 69 shut down by the government led by Emil Boc, Health Minister Nicolae Banicioiu said at Bicaz (Neamt county, north-eastern Romania) on Tuesday. "We have reopened 25 hospitals out of the 69 closed by the Boc Cabinet, but we also ...
Trade: Products purchased online are by up to 40pct cheaper
Tuesday, November 18, 2014
Products purchased online are by up to 40pct cheaper compared to the products purchased from traditional stores, shows the study 'Price Index,' drawn up in Romania in October ...
Real estate: NEPI group takes over Promenada Mall
Tuesday, November 11, 2014
The Competition Council announced on Wednesday that it authorized the takeover of Floreasca City Center by Nepi group through NE Property Cooperative UA. Following the transaction Nepi group takes over control on commercial center Promenada Mall. According to Mediafax, the transaction value was of 150 million euros. Nepi group carries out activities of real estate investments in Romania to rent office buildings, commercial and industrial areas to third ...
Romania's vacancy rate drops to 14.1 percent
Tuesday, November 11, 2014
The total amount of leasing activity (TLA) in Bucharest Romania in the third quarter was of over 70,000 sq m, out of which take-up represented 80 percent, according to a CBRE report. The take-up was down by 0.4 percent q-o-q. Most of the TLA was transacted in the northern part of Bucharest (41 percent of TLA) and the Pipera sub-market (25 percent TLA), followed by the west sub-market (10% TLA) and the central business district – CBD (12 percent of ...
Bucharest’s office stock up by 7,000 sq m in Q3
Tuesday, November 11, 2014
Bucharest’s total stock of modern office space increased to 2,219,000 sq m in Q3 after 7,000 sq m of new office space was delivered.Approximately 71,000 sq m will be delivered in Q4 – City Offices, HBC Dorobanti, Afi Business Park III, Green Court Bucharest, Ethos House, Bratianu OB. A series of major projects located in North and West area are expected to be completed in 2015, increasing the stock with another 95,000 sq ...