RSS
Economic
Healthcare: Value of medicines sold to Romanians, 3.01 billion lei in Q2 of 2014 (survey)
Tuesday, August 12, 2014
The value of medicines sold to patients in Romania reached 3.01 billion lei in the second quarter of 2014 at a distribution price increasing 5.7 per cent compared with the second quarter of 2013, according to the results of the survey carried out by Pharma&Hospital Report on Friday.'The evolution in the ...
Trade: Romanians eat 25% less meat than five years ago
Tuesday, August 5, 2014
The meat and meat product consumption dropped by 25% in the last five years because of the lower purchase power and was still dropping in the first 6 months of 2014, Ovidiu Dusleag, the vice president of the Romanian Meat Association (ARC) told Mediafax. “The salami and sausage market dropped by 20-25% in the last 5 years. Initial estimates for 2014 announced zero increase, but ...
Romania's retail turnover up 8.6 pct in H1, 2014
Tuesday, August 5, 2014
Romania's retail turnover volume (excluding trade in motor vehicles and motorcycles) in the first half of 2014 grew by 8.6 percent, gross series compared to the first half of 2013, and by 8.2 percent as adjusted series for the number of working days and seasonality, according to data released on Monday by the National Statistics Institute (INS).In H1, 2014, ...
Gfk study: Retail market will grow by 4.3% in Romania this year
Tuesday, August 5, 2014
The retail market in Romania will grow by 4.3% this year, after recording a 4.9% increase last year, to 26 billion euro, the performance of the private sector being one of the best in Europe, a Gfk study shows. “The increase of the online trade lays pressure on traditional retail formats in Europe. That is why we anticipate a moderate growth of 0.6% for EU countries in 2014. In ...
Share of people’s shopping expenses went to retail in 2013
Tuesday, August 5, 2014
2013 was a year in which economic advance slowed down, marked by the slower rate of the purchase power.Therefore, trade suffered losses. The sale and rental of commercial areas dropped visibly because of price rises. However, we anticipate an accelerated economic growth in Europe and a stabilization of the situation in Greece and southern Europe. European retail will take advantage of this development, but effects will substantially vary from one country to ...
Real estate: Prices for Bucharest apartments drop by 4% in July
Tuesday, August 5, 2014
Average prices asked by apartment owners in Bucharest dropped in July by 1-4% compared to June and by 3-7% against July 2013, according to a study made by the site AnunturiParticulari.ro.The price drop measured by AnunturiParticulari.ro is generated by the high number of offers and is fed by the haste with which owners want to get the last clients in the “First house” ...
Infrastructure: 122 million lei contract to modernize railway bridges over the Danube
Tuesday, August 5, 2014
CFR signed a contract of 122.6 million lei without VAT with the association Arcada Company-Metbet- Compania Constructii Feroviare for the repair of railway bridges over the Danube in 23 months. “The date of the beginning of works will not exceed 42 days since the date when the contractor receives the accord,” says a press release of the railway ...
Rus: Transports Master Plan to be presented in the Fall
Tuesday, August 5, 2014
The Transports Master Plan could be presented to the government in September-October, said the minister of transports Ioan Rus, when the deadline previously announced for the completion of the second draft of the document had expired.“On August 31 we will have the Master Plan for Transports in a draft variant with EU stands, stands of companies that will handle it and our variant,” said Rus in an interview for ...
Tourism: Number of Romanian and foreign tourists grew by 5.1% to 3.5 millions in first semester
Tuesday, August 5, 2014
In June 2014 the number of tourists who arrived and were accommodated in Romania grew by 1.8% to 808,000, compared to the same period of 2013, while in the first semester the number climbed by 5.1% to 3.5 million tourists, according to INS. Of the total number 76.1% of tourists were Romanians, while 23.9% foreign, the National Statistics Institute (INS) shows. 77.7% of the number of ...
Agriculture : Romania to keep single area payment scheme through 2020
Tuesday, July 29, 2014
Romania intends to maintain the single area payment scheme (SAPS) from the European Agricultural Guarantee Fund (EAGF) up to and including 2020; meanwhile, it has to draw up a blacklist of beneficiaries excluded from these payments, officials of the Ministry of Agriculture and Rural Development pointed out at consultations with the farmers on last Tuesday.According to a media release of the ministry, Minister Daniel Constantin and state secretaries Daniel Botanoiu ...
AgriMin Constantin: 9.3 billion euro to go towards integration of agricultural production
Tuesday, July 29, 2014
Minister of Agriculture and Rural Development Daniel Constantin has stated on Friday during a press conference in Alba Iulia (northwest of Bucharest), that 9.3 billion euro, European and state budget funds, are to go towards integration of agricultural production.'My concern is not only to export the grain, the maize, they are the champions of exports, but to integrate production. That is why the next 9.3 billion euro coming from European and state budget funds on ...
Freshly established AGROALIMENT National Consortium holds first meeting
Tuesday, July 29, 2014
The operators of the agri-food sector have recently established the AGROALIMENT National Consortium, at the initiative of the non-governmental organisations with activities in the area, which are represented in the European bodies and in the consultative groups of the European Commission, Consortium President Sorin Minea announced on Friday.The AGROALIMENT National Consortium held its first meeting on July 24, when the leadership was ...
Romanian Cotnari Tamaioasa wins Grand Gold Medal in world competition
Tuesday, July 29, 2014
Romania's winemaker Cotnari SA has won a grand gold medal at the International Wine Championship in Quebec, Canada, for its Romanian Tamaioasa, Cotnari SA manager Constantin Deleanu said Monday. He said two more gold medals went to Chateau Cotnari vintage 2012 and Grasa de Cotnari 1992, while Grasa de Cotnari 2005 won a silver medal at this ...
Tourism : Techirghiol Spa and Sanatorium (Constanta), refurbished, modernised and operating at full capacity
Tuesday, July 29, 2014
The Techirghiol Spa and Sanatorium (SBRT), which in June 2014 celebrated its 115th anniversary, is an oasis of hope for body and mind wellness where more than 14,000 patients a year come. The beneficial health effects of the stimulating local climate, of sapropel, of water rich in chlorine, sodium and iodine as well as the professionalism of the medical staff make the sanatorium, which has a capacity of ...
The number of cruising tourists in Romania will increase by approximately 20% in 2014
Tuesday, July 29, 2014
The number of cruising tourists coming to Romania will record an increase of approximately 20% in 2014 and one of the factors contributing to this evolution is the unfavourable political context in Ukraine, according to a press release of the Association for the Promotion and Development of tourism Sea Side – Danube ...
Telecom.IT: Romania continues to make progress in achieving European Digital Agenda targets
Tuesday, July 29, 2014
Romania has continued to make progress in achieving the objectives of the European Digital Agenda (DAE) in 2012/2013, a report released on Tuesday by the European Commission referring to the telecommunications market in the EU and the current regulations shows. The fixed broadband coverage in Romania is 90 percent. It grew by 18.9 percent, a level still below the 29.9 percent average in EU. The number of fixed broadband lines exceeded 3.79 million in January 2014, ...
European Funds Ministry wants to purchase software services for 3.2 mln lei
Tuesday, July 29, 2014
The European Funds Ministry (MFE) wants to purchase support services for the IBM software products used by the MySMIS application, for over 3.241 million lei, reads a call posted on e-auction.ro. 'The objective of the acquisition is to provide the necessary support for the IBM software products held by the MFE so that SMIS-NSRF MySMIS application thus operate smoothly and with high availability, until October 31, 2015. The facilities offered by the requested ...
Cars: Romanians buy second hand cars at average price of 3,500 euro
Tuesday, July 29, 2014
The Romanians purchase second hand cars at an average price of 3,500 euro, dropping after the economic crisis from 6,000 euro, said Mihai Cune, business manager at Autovit.ro, the largest online platform for automobile advertising, part of Naspers group.According to Cune, the average purchase price in 2013 was 3,500 euro and for 2014 it is estimated at a similar ...
Real Estate: CBRE: Real estate investments up by 222 pct in H1
Tuesday, July 29, 2014
Some EUR 402.4 million was invested in Romania in the first semester of this year in real estate transactions totaling more than 630,000 sqm, according to a CBRE report. This was up by 222 percent compared to the first semester of last year and by 17 percent over the entire volume reported in 2013. The market has also seen an increased diversity in ...
Market of office space transactions in Bucharest up 27 pct in H1
Tuesday, July 29, 2014
The market of office space transactions in Bucharest rose by 27 percent in the first half of 2014, compared to the same period of 2013, up to a total volume of 132,009 square meters, shows an analysis of ESOP Consulting.The engine of the market was the relocation segment, which advanced by 61 percent as against the segment of contract renewals having moved 33 percent down.'The office rental market maintains the dynamism of the last two years also in ...