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Real estate : Price of one room apartments in big cities and Bucharest
Tuesday, December 4, 2012
The average price of a single room apartment in big cities in Romania is 30,000 euro, the biggest price being registered in Bucharest – over 41,000 euro.Buyers with low budget can become owners with 15,000 euro or less. The most accessible apartments are in old block of flats, with less comfort, a press release of the site imobiliare.ro shows. Bucharest ...
Construction permits for residential building decrease 3 pct, Jan.-Oct. 2012
Tuesday, December 4, 2012
As many as 32,907 construction permits were issued, January-October , 2012, for residential buildings, which is a 3.0 per cent decrease from the similar period of the year before, according to data released by the National Statistics Institute (INS).Decreases in the number of construction permits released for residential buildings were recorded in the following development regions: North-East (-411 permits), South-Muntenia (-323 permits), South-East (-315 permits), North-West ...
Infrastructure : Eduard Hellvig: MDRT financing for infrastructure of Magurele-based Technology Park
Tuesday, December 4, 2012
The Ministry of Regional Development and Tourism (MDRT) intends to provide, beginning next spring, financing for the carrying out of the water & sewage infrastructure and the relevant internet technology for the Magurele-based Technology Park (near Bucharest), so as to enable investors to work in the best conditions, minister in charge Eduard Hellvig on Tuesday told the 'Public debate on the initiative of creating a scientific cluster in the ...
EBRD extending 175 million-euro loan to Romania to back railway reforms
Tuesday, December 4, 2012
The European Bank for Reconstruction and Development (EBRD) is extending a 175-million-euro loan to Romania's state-owned railway infrastructure operator, Compania Nationala de Cai Ferate, CFR, to back reforms, EBRD reported in a press release issued on Wednesday.The investment will enable CFR to restructure its balance sheet by repaying its short-term liabilities. This will free money for vital investments and maintenance works aimed at improving the quality of the railway ...
Trade : Romania imported five times more cheese than it exported in lat 8 months
Tuesday, December 4, 2012
Romania imported 23,305 tons of cheese in the first 8 months of the year, five times more than it exported in the same period of 2011, according to data supplied by the Ministry of Agriculture and Rural Development (MADR). Cheese exports amounted to 4,327 tons in the first 8 months, on the rise 2.2 times compared to the same period of 2011, when exports amounted to 1,933 tons. Incomes from cheese exports amounted to ...
Online games see 20 percent growth in 2012
Tuesday, December 4, 2012
The market for online games in Romania has grown by 20 percent in 2012 from 2011, being one of the economic sectors with strong positive dynamics, according to a ProfitInfo.ro press release sent on Tuesday .'Apparently, Romanians are seeking quality and the technical support provided by the producer increasingly more, which is accessible only in the case of an original version. Moreover, we believe that the continuous development of the Internet has also increased ...
Trade : Biggest toy shop chain Greece comes to Romania
Tuesday, November 27, 2012
The Greek retailer for toys and household products Jumbo is ready to expand to the Romanian market, where it intends to open 8 stores by 2016, with sales estimated at 37.3 million euro.The company, the largest toy shop chain in Greece, owns land of 47,000 square meters in Bucharest where it will open the first store in 2014, according to annual Jumbo report. An analysis made by ...
Romania derives over 176 million euros from exports of livestock and live fowls
Tuesday, November 27, 2012
Romania derived over 176 million euros in the first ten months of 2012 from exports of livestock and live fowls, up 25 percent from the similar period of 2011's 140.91 million euros, according to data released by the Ministry of Agriculture and Rural Development (MADR).Thus, in the first ten months of 2012, Romania traded 76,415 tonnes of livestock and live fowls on the internal European market and external markets, particularly cattle, pigs, sheep, goats, hens, ...
Altex Romania: Over 15 million-euro sales over Black Friday
Tuesday, November 27, 2012
Altex Romania registered over 15 million-euro sales at the end of the three days of discounts (November 23-25, 2012) in the chains Altex and Media Galaxy, according to the data supplied by Altex.'Altex was the Black Friday sales champion. It is a result in which the stock availability contributed to in the first place, an element that became differentiating the moment in which the largest online retailers exhausted their stock after the first half hour, but also the ...
Flanco has 55 million lei sales and over 100,000 customers over the Black Friday
Tuesday, November 27, 2012
The electroIT-Flanco retail chain had sales amounting to 55 million lei (about 12.141 million euros at the current exchange rate) over November 23-25, up by 80 percent from the first Black Friday campaign, said the above-mentioned company on Monday.In the three days of the campaign more than 500,000 visitors entered the Flanco shops, 100,000 consumers choosing at least one product of the Black Friday offer in the three days of the campaign. The shopping area Flanco ...
Agriculture : Romania leaves top ten world wine makers, but enters wine consumer top
Tuesday, November 27, 2012
Romania left the top ten world wine makers, although the International Organization of Vine and Wine credits our country with an ascending wine consumption, authorized wine critic and sommelier Catalin Paduraru told a news conference at the GoodWine International Wine Fair, on Friday.'The International Organization of Vine and Wine rated the Romanian-bottled wine market at plus/ minus 500 million euros, over the past two years, but the most important is that we are ...
Catalin Grecu (Cotnari): 2012 was the best year since 2008
Tuesday, November 27, 2012
The year 2012 was for Cotnari Company the best year since 2008, Cotnari SA wine-viticultural company Marketing Manager Catalin Grecu told a press conference organized on the occasion of GoodWine International Wine Fair.'For Cotnari Company, the year 2012 was the best year since 2008 because we are getting closer, as turnover, to the number of bottles sold in 2008. We have a 12 percent volume increase and a 4 percent value increase compared with last year. This is not ...
Italian wine experts pick Romania to produce world's best wine selection
Tuesday, November 27, 2012
Italian wine experts plan producing in Romania, specifically at a site near the Pestera settlement (202 km east of Bucharest) in Constanta County, the world's best wine selection with a total investment of eight million euros.'The first wine sort made in the Romanian vineyard estate of Bogdan, near Pestera, will hit the market in 2013, and another six varieties of wine will be produced as of 2014. It is our ambition to produce here the best wine in the world, because ...
National Forestry Corporation harvests 6.6 mln cubic metres of wood from state's forests in 9 months
Tuesday, November 27, 2012
The National Forestry Corporation (RNP) - Romsilva harvested, in the first nine months of this year, 6.609 million cubic meters of wood, down by 5 percent from the same period of 2011 (6.94 million cubic meters), but by 3 percent more than scheduled (6.391 million cubic meters), according to data released by Romsilva.'Although the volume harvested in the first nine months is by 332,000 cubic meters lower than that in 2011, it was higher from those in the years 2009 ...
Romania's exports of wheat, maize double in first 8 months to 3.1 mln tonnes
Tuesday, November 27, 2012
Romania exported in the first eight months of this year 3.13 million tonnes of wheat and maize, more than twice compared with the same period of 2011, when exports totaled 1.5 million tonnes, according to data released by the Ministry of Agriculture and Rural Development (MADR).From ...
Romania's deficit in trade with agri-food products, down 31 percent in first 8 months
Tuesday, November 27, 2012
Romania's deficit in the trade with agri-food products decreased by 31 percent in the first eight months of 2012, totaling 485.61 million euros, compared with 704.67 million euros in the same period of 2011, according to the data sent by the Ministry of Agriculture and Rural Development (MADR).Romania exported, in the first eight months of this year, 5.207 million tonnes of agri-food products, up by 33 percent compared with 3.91 million tonnes exported in the same ...
Infrastructure : Bucharest Underground H1 ridership figure at 89,384 ml
Tuesday, November 27, 2012
The Bucharest Underground carried in the first half of the year 89.384 ml passengers, averaging 1,291,677,000 riders per km of tunnel, show statistics of the Ministry of Transport and Infrastructure.Last year, 170.525 passengers traveled by this rapid transit system.The Bucharest Underground marked earlier this week 33 years since the commissioning, on Nov. 19, 1979, of the first network section between the Semanatoarea - Timpuri Noi ...
A number of 28.424 million people have used railway as transportation means in first half of 2012
Tuesday, November 27, 2012
Over 28,424 million people have traveled by train in the first half of this year, of whom 28.323 million domestically, according to statistics published on the website of the Ministry of Transport and Infrastructure.The average distance for passenger transport was 72 km, and the average speed of passenger trains - 45 km / h.In the mentioned period, 26.035 million tons of freight were transported by rail, of which 22.225 million tons domestically, 3.757 ...
Drumul Taberei - Universitate subway segment to be completed in 2016; subway line to Otopeni to be opened in 2019
Tuesday, November 27, 2012
Structural works on Universitate - Drumul Taberei subway segment, in Bucharest, are to be completed in 2015, and the project will be functional probably in 2016, Gabriel Mocanu, Metrorex investment manager, told AGERPRES.'Works on this segment will be ready, at the structure level, in 2015. In 2016, it will start operating, with passengers. If we move faster and also have financing it is likely to open it even in 2015', Metrorex representative pointed out, during a ...
13.666 mln tons of goods shipped on Danube in H1, 2012
Tuesday, November 27, 2012
A number of 13.666 million tons of goods were shipped on the Danube River in the first half of 2012, according to statistics released by the Ministry of Transports. Out of this quantity, 6.174 million tons of goods were transported nationwide and 4.785 worldwide, with the remainder representing transit.Ferried on the navigable channels were 6.839 million tons of goods. The total number of ships that moved through the Romanian navigable ...