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Prologis leases out nearly 520,000 sqm of industrial spaces in Central and Eastern Europe, in Q2 2014
Tuesday, July 29, 2014
Prologis has leased out in Q2 2014 nearly 520,000 square meters in Central and Eastern Europe (CEE), on the rise by 86% compared to the same period in 2013, informs the developer of industrial real estate spaces. The transactions in Poland accounted for over 57% of all lease contracts signed in the region. This lease activity included a number of new contracts for a total area of 157,000 square meters, renewal ...
Demand on Bucharest's real estate market, up 20% in July, (analysis)
Tuesday, July 29, 2014
The demand on the real estate market rose by 20% in July, due to the decrease in the prices of housing, the news on the exhaustion of the 'First Home' programme's funds, the low interest rates paid by banks and the statements by Romania's Central Bank governor on the risk of a new housing bubble, shows an analysis of the website Imobiliare.NET.The highest increase was recorded in terms of two-room flats, ...
Infrastructure: Transport sector represents highest risk of loss on EU funds
Tuesday, July 29, 2014
The EU Funds Minister Eugen Teodorovici on Monday said that the transport sector represented the highest risk of European funds loss in Romania.'The transport sector is the sector representing the highest risk of loss on European funds both because contracts on very high amounts were signed and because of the well-known problems of the past few years. The people in Transports in charge of these projects [European Rail Traffic Management System (ERTMS)] should ...
New flights to Bari, from Timisoara, Cluj-Napoca, by WizzAir
Tuesday, July 29, 2014
Low-cost airline WizzAir is expanding its network in Romania, as it is to operate two new weekly flights from Timisoara and Cluj-Napoca to Bari, Italy, as of November 1, 2014 and March 14, 2015 respectively. 'We are confident that our passengers in Romania will be delighted to visit the Adriatic Sea and the province of Bari, whilst Italians may discover the regions of Romania by traveling on a new Airbus A320 to enjoy affordable holidays,' said Daniel de Carvalho, ...
Romania to get 7.2 bl euros from EU for road and rail infrastructure by 2020
Tuesday, July 29, 2014
Romania is going to receive 7.2 billion euros from the European Union (EU) by 2020 for its road and rail infrastructure, Transport Minister Ioan Rus told the Realitatea TV private television broadcaster on Thursday evening.He said that Romania is going to receive 1.2 billion euros from the EU by 2015 for its road and railway infrastructure, to which 300 million euros will add in co-financing from the state budget.The overall amount spent on motorways ...
More than 3.7 million passengers through Bucharest airports in six months
Tuesday, July 29, 2014
More than 3.7 million passengers transited the two airports of Bucharest over the first half of 2014. The figure is 7 percent up year-on-year, while the number of airplanes also advanced 4 percent, the Bucharest Airports National Company informed in a release on Wednesday.June set a record with 800,993 passengers, up nearly 11 percent compared to the same months of 2013; also in June, 10 ...
Healthcare: Health Ministry attaching special attention to transplantation medicine
Tuesday, July 22, 2014
Health Minister Nicolae Banicioiu is hailing the Association of Romanian Transplant Patients (ATR) and the National Transplantation Agency (ANT) marking Transplantation Day, saying that he attaches special attention to the transplantation activities.The Romanian Health Ministry has this year continued on a rising trend of identifying and caring for brain-dead organ donors recorded in 2013 (136), having so far found more than 75 ...
Health Ministry study: Romanian children have normal weights
Tuesday, July 22, 2014
Romanian children have normal weights, with the prevalence of overweight being slightly higher in girls than in boys and significantly higher in urban areas than in the countryside. These are the conclusions of a study conducted by the Health Ministry via the National Public Health Institute under the European Childhood Obesity Surveillance Initiative (COSI) project coordinated by the World Health Organization (WHO).'Child ...
Agriculture : Romanian Tamaioasa wins gold and silver at Muscat competition in France
Tuesday, July 22, 2014
The Tamaioasa Romaneasca - Domeniul Coroanei Segarcea vintage 2013 wine has won a gold and a silver medal at the world competition of Muscat wines called 'Muscats du Monde', the world's Muscat wines, held early this July in southern France.At the same competition, where 23 countries ran, Tamaioasa Romaneasca Zestrea - Murfatlar Romania vintage 2011 won a silver medal, according to data posted on the www.muscats-du-monde.com ...
Infrastructure : CFR auctions lease of 1,100 km of railroad
Tuesday, July 22, 2014
The National Railroad Company - CFR will lease about 1,100 km of railroad belonging to non inter-operable railway infrastructure in a public tender organized on July 21 at the Romanian Commodity Exchange (BRM), the operation being part of the IMF accord. The lease contract for the 1,079.9 km will be concluded for four years and the highest ...
EcoMin invites Hungarian authorities to participate in major infrastructure projects
Tuesday, July 22, 2014
Ministry of Economy Constantin Nita invited Hungarian authorities to participate in major infrastructure projects, such as the increase of navigation security on the Danube and the interconnection of neighbouring countries by a high-speed railway network between Prague and Bucharest, via Budapest..A release informed on the minister's participation in the Romanian-Hungary joint committee for economic cooperation in Budapest on Monday and Tuesday.During ...
Blue Air to introduce Bucharest - Liverpool flights in December
Tuesday, July 22, 2014
Blue Air is set to introduce, starting on December 15, 2014, regular flights on the Bucharest - Liverpool (Liverpool John Lennon Airport; LPL) route and back, the smart flying company informs.The flights will have a 3-per-week schedule, with tickets already on sale at prices starting from 32.90 euro/segment.Blue Air operates on 30 routes in ...
Tourism: Albanian operator wants to bring tourists from USA and Canada to Romania and other countries in the area
Tuesday, July 22, 2014
The tour operator Albania Experience will enter the American and Canadian markets by means of a partnership with the company Express Travel of Miami, offering tourists travel packages in several Balkan countries, Romania included, according to the portal Travel Weekly. Albania ...
Number of cruise tourists in Romania will grow by 20% in 2014
Tuesday, July 22, 2014
The number of cruise tourists arriving in Romania will grow by 20% in 2014 due to the unfavorable political context in Ukraine, according to a press release of the Association for the Promotion and Development of Littoral- Danube Delta Tourism.“While in 2013 about 54,000 passengers visited Constanta harbour, in 2014 about 65,000 passengers have arrived until now. The increase is due to efforts made by the Administration of Maritime Ports, ...
WB, Romanian officials drawing up Danube Delta economic development strategy
Tuesday, July 22, 2014
Representatives of the Department for Small and Medium-Sized Enterprise, the Business Milieu and Tourism (DIMMMAT) on Wednesday welcomed Hannah Messerli and Milena Nikolova, tourism development specialists at the World Bank, to draw up, together with the public administration of Tulcea a strategy for the economic development of the Danube Delta.'Our main objective is to preserve the natural heritage of the Danube Delta, develop ...
Bucuresti, in a top of the 132 most visited cities in the world, led by London
Tuesday, July 22, 2014
Bucharest is among the 132 cities in the world preferred by foreign tourists, fewer than one million visitors estimated for this year, according to the report MasterCardGlobal Destination Cities Index, the first place being occupied by London, Bangkok,Paris, Singapore and Dubai complete the top five, cities which benefit from a strong inflow of foreign tourists, resulted from the extension of the middle class, innovations brought ...
Cars: Romanian auto market grows by 32.4 percent when compared to same period of last year
Tuesday, July 22, 2014
New car and commercial vehicle sales on the Romanian markets amounted to 47,037 units sold in the first quarter of 2014, a 32.4 increase when compared to the first half of 2013, according to data published on Wednesday by the Association of Automotive Manufacturers and Importers (APIA).In regards to cars, the increase was of 35.7 percent, from 28,964 units sold in the first six months of 2013 to 39,290 units in the first quarter of 2014.Bus sales grew ...
Romania tops June growth figures of new car registrations in EU
Tuesday, July 22, 2014
Car sales figures grew for the tenth consecutive month in June, as the revival of the Eurozone economy encouraged the consumers to buy new model, CNBC reports. Romanian market grew 75.1 percent in June, with 6,947 new car registered, from 3,967 in June 2013; this was the highest year-on-year growth in the European Union.New car registrations in the EU and the European Free Trade Association (EFTA) countries advanced 4.3 percent year-on-year, from 1,179,295 in June ...
EcoMin Nita: Facilities, projects needed to convince Romanians buy Romanian-made cars
Tuesday, July 22, 2014
Minister of Economy Constantin Nita said on Thursday in Craiova, after visiting the local Ford plant, that Romania needs 'facilities and programs' to persuade the population buy cars produced in the country. Such a program could address young people, argues the Minister, allowing them to buy a domestically produced car under advantageous terms.According to Nita, Ford produced this year 180,000 engines and 70,000 cars, but just 2 percent of the output reached the ...
Recordings of new vehicles increased by 61.64% in June
Tuesday, July 22, 2014
Recording of new vehicles increased in June by 61.64% up to 9,920 units, while the increase in cars was 75% as compared to the similar period of 2013, according to the Department for Driving Licences and Recording of Vehicles (DRPCIV), published on their own site. In June, Dacia continued to be the leader in the ...