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Economic
Real estate: DTZ: Cluj, Iasi, Timisoara and Brasov offices are 25% cheaper than in Bucharest
Tuesday, March 18, 2014
Rent costs for class A offices in Cluj, Iasi, Timisoara and Brasov are 25% lower than in Bucharest, when the overall stock of such areas in the four towns is 450,000 square meters, five times smaller than in the Capital city, according to DTZ, one of the most important real estate consultants in Romania. “Important players in the ...
Investments in Romania-based commercial property projects exceed EUR 343 ml in 2013
Tuesday, March 18, 2014
Investments in Romania-based commercial property projects exceeded 343 million euros in 2013, rising by over 100 percent from 2012, shows the latest research report by CB Richard Ellis (CBRE).As many as 15 sale agreements were completed in Romania in 2013 for 30 revenue-generating real estate projects with an average value of 23 million euros.Some of the most important deals last year were those for City Park ...
Telecom.IT: UPC Romania adds 6 new channels to Focus Sat
Tuesday, March 18, 2014
UPC Romania's satellite platform Focus Sat has added six new television channels to its grid, namely Investigation Discovery, Da Vinci Learning, Fashion TV, Auto Motor Sport, BlackBelt TV and Bollywood TV, writes local paper Ziarul Finaciar citing an announcement from Focus Sat. The same channels were introduced by UPC on its UPC Direct platform in Hungary as well at its freeSat platforms in the Czech Republic and Slovakia, according to ...
Healthcare: Gov't approves EUR 250 ml worth of health reform intended loan agreement with IBRD
Tuesday, March 18, 2014
The Government on Wednesday, under a Memorandum, approved the signing of the Loan Agreement between Romania and the International Bank for Reconstruction and Development (IBRD) on supporting the reform of the health sector, the Government's Press Office informs. The Memorandum provides for the approval of the report on the negotiation of the EUR 250 ml worth of Loan Agreement between Romania ...
Infrastructure : Fly Romania to start operating domestic, international flights as of May 15
Tuesday, March 18, 2014
Fly Romania airline will start operating domestic and international flights as of May 15, 2014, forecasting 100,000 passengers in its first year of operation.The airline will cover several foreign destinations - in Italy, Spain, Germany and Turkey.'Six years ago, I decided to invest in aviation. I bought an airline and for almost five years I had the misfortune of a poor management. ( ... ) Today we are in a position to be ...
Tourism: Romania's Tourism Fair to bring together 280 companies from 24 countries
Tuesday, March 11, 2014
Romania's Tourism Fair over March 13-16 will bring together 280 companies from 24 countries, reads a release Romexpo sent on Monday.Romania's Tourism Fair will cover an area of about 16,000 square metres and will offer the Romanians a varied offer of holidays at accessible prices. The cuts promised by the tour operators start from 10 percent and can even come to 50 percent ...
Infrastructure : The 5th underground line, the line Drumul Taberei – Universitate receives 436 million lei in 2014
Tuesday, March 11, 2014
The 5th underground line, the line between Drumul Taberei and Universitate ...
airBaltic to launch Riga – Bucarest, Romania
Tuesday, March 11, 2014
On 3 June 2014, Latvian airline airBaltic will launch a new route between Riga and the Romanian capital of Bucarest. The new four weekly return flights will offer convenient connections between the two capitals and beyond to destinations in the Baltic region, Scandinavia and Russia. Christophe Viatte, Chief Commercial Officer of ...
High-speed railway on Arad - Bucharest 4th Corridor (Gov't political program)
Tuesday, March 11, 2014
Achieving a high-speed railway on the 4th European Coridor on the route Arad - Timisoara - Caransebes - Drobeta Turnu Severin - Craiova - Calafat - Bucharest, i.e. from western to southern Romania is one of the main infrastructure goals included in the political program the Romanian Government is to take responsibility for before Parliament next week.The program also calls ...
Many infrastructure projects lack financing, tenders possibly postponed (AECOM)
Tuesday, March 11, 2014
Many public investment projects for Romania's infrastructure lack the necessary funding, and some public tenders might be postponed since their launch this year is highly unlikely, considers Steve Morriss, Chief Executive - Europe with U.S. consulting and design company AECOM - which is the consultant of the Ministry of Transport for the conception of the General Transport Master ...
Romania should begin works on Nyiregyhaza-Satu Mare-Baia Mare expressway(Hungary ambassador)
Tuesday, March 11, 2014
Romania should begin the works on the expressway to link Nyiregyhaza to Baia Mare, Hungary's ambassador in Bucharest Zakonyi Botond said in Satu Mare (northern Romania) on Thursday, also announcing the Hungarian side has got close to the border with building its relevant section.The Hungarian diplomat held talks on Thursday with Satu Mare authorities, whom he told the Hungarian state could offer the Romanians know-how ...
World Bank loan of some 25 mln euros for Timisoara City Hall
Tuesday, March 11, 2014
International Finance Corporation (IFC), a World Bank division, is extending a loan of RON 112 million, some 25 million euros respectively, to Timisoara City Hall for developing the city's social and municipal infrastructure.The agreement was signed on Tuesday by the IFC Director for Europe and Central Asia, Tomasz Telma and Timisoara Mayor Nicolae Robu, at the World Bank ...
Cars: 2014 Car Scrappage Scheme, under public debate: vouchers, electronically allocated, 8-year-old vehicles – scrapped
Tuesday, March 11, 2014
The owners of vehicles in use for eight years or more will be allowed to buy a new car through the 2014 'Car Scrappage Scheme' based on a voucher of 6,500 lei, which will be allocated electronically, reads a draft Order by Minister of Environment and Climate Changes, which on March 5, 2014 was launched for public consultation on websites of the Environment Fund Administration /AFM/ and the Ministry of Environment and Climate Changes ...
Telecom .IT: UPC Romania to expand triple-play to 50,000 more households
Tuesday, March 11, 2014
UPC Romania plans to expand its triple-play services coverage to 50,000 households which currently only have access to television, according to local publication Wall-Street.ro citing CEO of UPC Romania and Hungary Severina Pascu. UPC Romania annually invests approximately EUR 30 million, but investments were higher in 2013 and will be higher in 2014 as well due to the expansion of triple-play services coverage (TV, internet, and fixed telephony). In 2013 alone, 100,000 ...
Political program in Communications: Promoting e-Commerce, e-Government and digital skills
Tuesday, March 11, 2014
Promoting modern mechanisms of e-Commerce, both on Romania's internal market, but also abroad, implementing the e-Government system, but also the development of digital skills in education represent the main bearings in terms of Communications according to the political program of the Government which it will assume responsibility for before the Parliament, next week.The ...
Agriculture: Eurobarometer survey finds broad support among Europeans for new CAP content
Tuesday, March 11, 2014
Over three-quarters (77 %) of Europeans believe the common agricultural policy (CAP) benefits all EU citizens and over 90 % support the main trends of the new CAP, such as making aid fairer and more targeted (92 %) and linking the granting of aid to farmers to adhering to environmentally-friendly farming practices ('greening', 91 %). These are the main conclusions of the Eurobarometer survey on the CAP published today by the ...
Healthcare: Romania seeks international investors for health tourism projects
Tuesday, March 11, 2014
Romania aims to develop health and wellness tourism. The problem is that the government is short of cash and there are not enough big investors in the country willing to part with substantial sums and wait a long time for a return.So when President Traian Basescu travels to other countries, he takes the opportunity to promote the benefits of Romanian health tourism and seek private investors. He does have an unusual ...
Trade: GfK: Romanians bought computers and tablets of 455 million euro in 2013
Tuesday, March 4, 2014
Sales of PCs, laptops and tablets was of 455 million euro last year in the local market, 3.9% higher than in 2012, according to a Temax study made by GfK Romanian research company.In the last quarter of 2013, sales of IT products was of 163 million euro, on the rise by 7.6%, compared to October-December 2012. “Except for PCs, Black ...
Harghita: Mineral water the best exported product in 2013
Tuesday, March 4, 2014
Export operations registered by Harghita Customs Office exceeded import operations in 2013, an analysis made by the office shows. According to statistic data, 4,668 customs operations were recorded in Harghita in 2013, of which 3,617 were exports and 1,051 imports. Firms from Harghita export mainly mineral water to countries like Canada, ...
Healthcare: Romania: Generic drug producers complain against ‘unfavorable’ fiscal changes
Tuesday, March 4, 2014
The Association for Generic Medicine Producers (APMGR) said on Thursday Romania has lost EUR 100 million worth of investments in the last five years, due to the growing claw back.The association added that a EUR 30 million is currently “under question” due to delays in the approval of a differentiated claw back tax. It added that healthcare policies in the past five years have reduced the consumption of generic drugs from 36 ...