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EUR 9 mln residential project to be built near Bucharest
Tuesday, November 11, 2014
Kape Premium Imobiliare – a residential developer active in France and Italy – is investing approximately EUR 9 million in building 100 villas in Frumusani, south-east of Bucharest, according to Premier Estate, the project’s agent. Residence du Lac is developed on 12 ha of ...
Agriculture: Slaughtering of animals and poultry and meat production in September 2014
Tuesday, November 11, 2014
provisional data - *Compared to the previous month, in September 2014 the number of slaughtered animals and poultry and their carcass weight increased for all species. • Compared to the same month of 2013, the number of slaughtered animals and poultry increased ...
Mice destroyed over 6 pct of Romania’s 2014 wheat harvest, causing EUR 40 mln in damages
Tuesday, November 11, 2014
Over 6 percent of Romania’s wheat harvest has already been destroyed by field mice, who ate the wheat directly from the fields, causing damages worth EUR 40 million, said Viorel Matei, president of the Federation of Romanian Agricultural Producers (FNPAR).“Nearly 6-7 percent of our wheat harvest for this year has been eaten by field mice. This year there was an explosion in mice numbers. It was unbelievable, attacks like we ...
Telecom.IT : European contribution to Ro-Net
Tuesday, November 11, 2014
The European Commission has approved the financial contribution to Ro-Net, a project worth 85.6 million euros to get Internet broadband to 783 localities identified as 'white spots', the Ministry for the Information Society (MSI) announced in a media release on Tuesday. According to the MSI, the project aims at 'building a national broadband Internet infrastructure in disadvantaged areas, by using structural funds,' as a part of the Increase of Economic ...
Telekom Romania Communications to deploy Rad platform
Tuesday, November 11, 2014
Rad, whose Service Assured Access products are deployed by operators around the world, announced that Telekom Romania Communications, which recently changed its name from Romtelecom, selected its Carrier Ethernet CE 2.0 MEF-certified demarcation devices to facilitate the delivery of wholesale broadband connectivity to international service providers. Rad’s ETX-2, an element in its Service Assured Access ...
Cars: New registrations of road vehicles for passenger transport increased by 1.9%
Tuesday, November 11, 2014
The new registrations of road vehicles for passenger transport increased, in the first nine months of 2014, by 1.9% to 218,313 units, from the 214,339 units recorded in the same period of the previous year, with cars holding the largest share, with almost 212,000 units, show the data of the National Statistics Institute /INS/, released on Tuesday. According to statistics, the new registrations of vehicles for goods transport recorded, from January 1 to ...
Infrastructure: Ioan Rus: in 2018 Romania might have two trans-Carpathian highways
Tuesday, November 11, 2014
2018 could be the year when Romania will have two trans-Carpathian highways, one connecting the south of the country to the north and another one linking the east and the west, said the minister of transports Ioan Rus on Friday night on B1TV station. “Until 2018, the main priority of this Master Plan (Romania’s General Master Plan for Transports- e.n.), beyond all networks ensuring interconnectivity ...
Cluj: Absolute passenger record for Avram Iancu International Airport
Tuesday, November 11, 2014
Avram Iancu International Airport in Cluj Napoca marked a record of 1 million passengers in 2014. Airport director David Ciceo declared that the figure of 1.15 million passengers would be surpassed until the end of the year, an absolute record for the airport. “This year we celebrate one million passengers six weeks earlier than last year, as a result of traffic increase by 10%. It is the ...
Trade : The retail trade went up by 7.4% in the first nine months
Tuesday, November 4, 2014
The turnover of retail trade went up by 7.4% in the first nine months of this year compared to the similar period in 2013, in unadjusted terms, due to higher sales as follows: non-food products, up by 11.1%, sales of food, beverages and tobacco, higher by 8.3%, and retail trade in car fuels, up 0.2%. According to a press release ...
Out of 122,000 retail outlets in Romania only 1.1 pct are hypermarkets or supermarkets
Tuesday, November 4, 2014
There are 122,101 total shopping stores in Romania, coming from traditional retail, modern retail and HoReCa, according to data collected by Vektor MF, which estimates a negative evolution for the retail universe in Romania, writes Mediafax. “We estimate a negative evolution, a cutback in stores as a result of the fact that the number of new stores will be small than the number of stores closing ...
Tourism : Statistics: 6.569 million arrivals in tourist accommodation from January 1 to September 30 2014
Tuesday, November 4, 2014
Arrivals and overnight stays in tourist accommodation structures recorded, in the first nine months of 2014, 6.1% and 5.7% increases, respectively, compared to the corresponding period of 2013, according to the data that the National Statistics Institute released on Monday. From January 1 to September 30, 2014, as many as structures ...
57pct of Romanians go on leisure trips this year
Tuesday, November 4, 2014
The percentage of the Romanians going on business trips has reached 15pct in 2014 from 10pct in 2006, with 44pct of these having traveled throughout Romania and 12pct in Europe, according to a survey published on Monday by the Romanian Audit Bureau Transmedia (BRAT). Of these, 70pct are men and 30pct women, aged between 24 and 45, ...
Real estate: Euromall group to invest EUR 6 M in a high-end residential project
Tuesday, November 4, 2014
The shareholders of the Euromall group, the developer of a commercial center in Pitesti, will invest EUR 6 million in a high-end residential project in downtown Bucharest, according to Mediafax. The project is developed by Metropolitan Developments, a company owned by Euromall’s shareholders. The Israeli investors want this to be the first of several such projects they plan to develop in the capital.Vernescu Residence is located on the Sfintii Voievozi ...
At a yield of 7.75 percent, the office market in Bucharest is one of the most attractive in the region
Tuesday, November 4, 2014
The yield of 7.75 percent makes the capital of Romania one of the most attractive office space markets in the region, according to a study received on Monday. The office space stock in modern buildings in Bucharest reached 2.219 million square meters, including nearly 7,000 sqm commissioned in Q3. Roughly 71,000 sqm more are ...
NEPI acquires Promenada Mall for EUR 148 million
Tuesday, November 4, 2014
South-African investment fund New Europe Property Investment (NEPI) paid EUR 148 million for the Promenada Mall in Bucharest to Raiffeisen evolution, which invested EUR 130 million in the project. The group paid cash from its own funds, writes Mediafax. New Europe Property Investments (NEPI) started a due diligence process for the acquisition of Raiffeisen Evolution’s Promenada mall in Bucharesy in ...
Investment fund in Luxembourg buys real estate stock of 1.2 million euro in Bucharest
Tuesday, November 4, 2014
Tavirama investment fund of Luxembourg bought two commercial areas and a luxury apartment in Bucharest for 1.2 million euro. These are the first transactions made in the local market, where it intends to reach 5 million euro at the end of 2015. “Romania is now offering many opportunities in the real estate segment. The market is at low level compared to past years, but there is demand for renting commercial areas ...
Infrastructure: EBRD assists in upgrade of Romania's urban transport infrastructure in the city of Galati
Tuesday, November 4, 2014
The European Bank for Reconstruction and Development (EBRD) is helping to upgrade urban transport infrastructure in the Romanian city of Galati with a RON 100 million loan (€22.6 million equivalent) and €900,000 grant-based assistance to the municipality. With the EBRD finance, the city will rehabilitate key streets and water infrastructure, purchase new trolleybuses and introduce a privately-operated automated system for ...
Construction of 2 New Bulgaria-Romania Bridges to Start by 2017
Tuesday, November 4, 2014
The construction of the two new bridges Silistra – Calarasi and Nikopol – Turnu Magurele will start by 2017, according to Bulgaria’s caretaker Transport Minister Nikolina Angelkova. Angelkova explained Friday that the deadlines had been included in the bilateral memorandum on building two new bridges over the Danube.She made clear that in the case of a decision to only build a road bridge, it would be implemented in ...
Telecom.IT: Orange Romania offers new mobile, fixed internet benefits
Tuesday, November 4, 2014
Orange Romania announced a number of new benefits for customers who need broadband internet for tablets, laptops or devices from their homes or offices connected to the operator's 4G and 4G+ networks. The Colibri and Colibri Explore tariff plans for laptop and tablet were simplified to 3 variants whose prices range between EUR 11, 17 and 21 per month (VAT included). The tariff plans have more included internet ...
Almost half of Romania’s smartphones are permanently connected to the Internet, study shows
Tuesday, November 4, 2014
Around 45 percent of local smartphone users keep their device permanently connected to the Internet, according to the Live Smart study performed by Samsung Electronics in August 2014, quoted by wall-street.ro. Of the European adults, 36 percent use online streaming services at least once a week. According to the same source, mobile phones are increasingly less used to receive and make calls and more for surfing the ...