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Economic

Eighty million euros to be invested in creating agricultural produce collection centres

Tuesday, November 20, 2012

Romania's agricultural producers will be extended 80 million euros late this November to create centres where agricultural produce will be sorted, packaged, labelled and processed, Agriculture Minister Daniel Constantin told the launch on Wednesday of a programme called 'Goodies from Romania.''We are earmarking this month a very important amount to create centres that will process, label, sort and package agricultural produce in order to support farmers. No less than ...

Cars: Romania's market of new passenger cars declines 13.4pct in October

Tuesday, November 20, 2012

Romania's market of new passenger cars declined 13.4 percent in October 2012, compared with a 4.8-percent decline in the EU market, reveal data released on Friday by the European Automobile Manufacturers' Association (ACEA).New passenger car registration in Romania this October stood at 6,782, down from 7,828 in October 2011. In the European Union, there were 959,412 new passenger cars registered in October 2012, down 4.8 percent from the similar month of 2011. ...

Dacia to release new estate wagon and pick-up models in 2013

Tuesday, November 20, 2012

Dacia automobile maker will release two new models in 2013 - an estate wagon and a pick-up, Dacia Deputy Chairman Constantin Stroe announced on Tuesday at the release ceremony of Dacia's new generation of Logan, Sandero and Sandero Stepway models.'The two Snaderos will not be alone in the world. They will be followed by an estate wagon and a pick-up,' said Stroe.He said the new Dacia pick-up will start from the Logan 2 model, instead of the Duster SUV, ...

Tourism : Half of hotel rooms in Romania are closed

Tuesday, November 20, 2012

Over half of hotel rooms in Romania- more than 50,000, have been under preservation in past years, because of the crisis, while 5,000 maids were fired, Mohammad Murad, the president of FPTR told Mediafax. In Romanian hotels there are 180,000 classified accommodations, with over 100,000 rooms. “Considering that last year the occupation degree was around 30%, hotels function at half their capacity. That is why part of the ...

German tour operator ITS Reisen promotes Romanian tourism in its 2013 catalogue

Tuesday, November 20, 2012

German tour operator ITS Reisen, part of the concern Rewe, will promote Romanian tourist destinations in its 2013 catalogue, starting with the Danube Delta, the Ministry of Regional Development and Tourism (MDRT) reports in a release sent to Agerpres on Tuesday. Next year, ITS Reisen plans to draw up a brochure on Romanian tourist destinations and products and supply it to Germany, Austria and Switzerland. The main types of tourism will target the Danube Delta, ...

TUI to bring German tourists to Romania via World of TUI operators too

Tuesday, November 20, 2012

German tour operator TUI will continue next year to promote Romania and will also bring to the country German tourists through other World of TUI operators; the most important dedicated facility is the booking system Hotelbeds that features over 200 Romanian hotels, the Ministry of Regional Development and Tourism (MDRT) announced on Wednesday.The Hotelbeds system generates a sales volume of over 1 million euros for Romania, the ministry said.'German tour ...

Telecom.IT : Romanian users pay lowest EU prices for mobile phone services

Tuesday, November 20, 2012

The telecommunications market has reduced prices for mobile phone calls by 70% in the last ten years, from 9.72 eurocents in 2003 to 3.07 eurocents in 2012. The average consumption has grown by 269% in this period, stimulating competition, the operators’ investments in networks and has functioned to the users’ benefit, said Catalin Marinescu, the president of ANCOM.   The ...

Real Estate : Land in Bucharest and surrounding areas 80% cheaper since 2008

Tuesday, November 20, 2012

The price of land in Bucharest and surrounding areas has dropped by 80% since the beginning of the real estate crisis in 2008, the biggest price differences being registered for land in the western and southern areas.   “Lands have been by far the most affected segments of the real estate market. Since the beginning of crisis, sales have been strongly affected, which led to the ...

Study: The top of the cheapest lands around the big cities

Tuesday, November 20, 2012

The lands for housing construction around Bucharest, Brasov, Constanta and Timisoara can be bought for a total price of almost 10,000 euro or even less, according to a study. The analysis takes into consideration the properties for sale between September –October 2012 in the adjacent cities Bucuresti, Brasov, Constanta and ...

Over 44,000 sqm of office spaces, finalized in first nine months of 2012, in Bucharest

Tuesday, November 20, 2012

The new area of office spaces finalized in the first nine months of 2012 in Bucharest stands at some 44,000 sqm, representing a decrease by only 14.4 percent from the same period of 2011, according to the latest market report of Jones Lang LaSalle.In Q3 2012, three new office projects totaling approximately 20,000 sqm were opened. The largest contribution to this area had AFI Business Park (13,700 sqm), followed by Aviatorilor Plaza (3,300 sqm) and Monolit Square ...

TOURISM: Romania pays 25,600-euro membership fee to OECD Tourism Committee in 2012

Tuesday, November 13, 2012

Romania is paying 25,600 euros in 2012 for the status of observer within the Tourism Committee of the Organization for Economic Co-operation and Development (OECD), according to a draft Government Decision posted on the website of the Ministry of Regional Development and Tourism (MDRT).Of the total annual membership fee that Romania has to pay to the OECD Tourism Committee, the sum of 10,600 euros represents the country's annual contribution and 15,000 euros is ...

Trade: Half vegetable, fruit quantity sold in hypermarkets is Romanian

Tuesday, November 13, 2012

Half the quantity of vegetables and fruit traded in the Romanian-based hypermarkets comes from the local producers and the share of the Romanian produce could get up to 90 percent, a similar level to the one in Poland's market, Minister of Agriculture and Rural Development Daniel Constantin said on opening the Romanian Produce Stand at Real AFI Cotroceni hypermarket on Sunday.'50 percent of the vegetables and fruit sold in the Romanian hypermarkets is Romanian. I ...

Agriculture : Ministry of Agriculture and Rural Development, WB forge partnership

Tuesday, November 13, 2012

The Ministry of Agriculture and Rural Development forged a partnership with the World Bank (WB) for four projects, worth over 3.5 million euros (17.842 million lei, 1 euro = 4.52 lei). 'Today's meeting (Monday - editor's note) meant the launch of four projects important for Romania. The projects are technically backed by the World Bank and financed through EU funds, the Operational Programme Development of Administrative Capability. One of the projects targets ...

MADR: 230 million euros for investment in farms and fruit and vegetables storage

Tuesday, November 13, 2012

Romania's Ministry of Agriculture and Rural Development (MADR) is making available 230 million euros worth of European funds for investors in upgrading farm holdings and increasing the added value of agricultural produce. The funds will be available November 26, 2012 - January 18, 2013.MADR reported on Wednesday that two new sessions for project submission will be open for measure 121 - modernising farm holdings, and measure 123 - increasing the added value of ...

Milk production goes up over 21 pct, in Sept

Tuesday, November 13, 2012

Milk production went up 21.2 percent (2,949 tonnes), while the butter production was by 1.4 percent (10 tonnes) higher, in Sept 2012 compared to the previous month, National Statistics Institute (INS) data inform on Wednesday.Cow milk's cheeses posing for 86.9 percent of the total cheese production dropped by 734 tonnes, namely minus 12.4 percent, and yogurt and soar milk production went down 298 tonnes (-2.3 percent), while the cream production diminished by 29 ...

Infrastructure : Henri Coanda Airport's capacity doubles as new departure terminal opens

Tuesday, November 13, 2012

The new departure terminal of the Henri Coanda International Airport was opened on Tuesday in the presence of Prime Minister Victor Ponta, Transport Minister Ovidiu Silaghi and Interior Minister Mircea Dusa.'With the opening of ...

Cars : Dacia launching new generations of Logan, Sandero and Sander Stepway

Tuesday, November 13, 2012

Dacia is launching the second generation of Logan, Sandero and Sander Stepway, in Romania, on Tuesday. The new brands have been first presented at the Paris Motor Show, end in Sept.The new Logan, an accessible family car of ...

Cars : Ford Romania: Sales at home going up, exports up too

Tuesday, November 6, 2012

Sales of Ford automobiles and commercial vans have significantly grown in the Romanian market, after the start of the new B-MAX model production at the plant based in Craiova (248 km south-west of Bucharest) three months ago, according to information revealed by Ford Romania CEO Zoltan Brassai on Thursday, on the occasion of the tests run for the press by Ford B-MAX compact one-volume model.Ford Romania attained 8.7 percent market share in the nine months of this ...

37.8 pct. more cars are registered in Q3 of 2012

Tuesday, November 6, 2012

As many as 63, 284 cars were registered in the Q3 of 2012, with 37.8 percent more than over the same time span in 2011, when 45,913 units were registered, read the data the National Statistics institute (INS) made public on Monday.Car registrations were witnessing an ascending trend in 2012, namely from 49,532 units in Q1 to 57,882 units in Q2.By 38.4 percent more new passenger road transport vehicles were registered during th first two months of the year ...

Real Estate: The number of construction authorisations dropped by 4.6% in 9 months

Tuesday, November 6, 2012

The number of authorisations for construction for residential buildings dropped over the first nine months by 4.6% against the same period of last year, at 29.587, according to the data announced on Monday by the National Institute for Statistics (INS). Important decreases were recorded in the development regions of North-East ( - 499 authorisations), South-Muntenia (- 374), South – East (-372) and North –West (-208). In the development region West ...

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