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Telecom.IT : Romania out of world top ten for average Internet connection speed
Tuesday, August 14, 2012
Romania gets down to 13 from 9 in world top of average Internet connection speed but maintains in European top 10. In 2010 Romania had the fastest Internet in Europe and the fourth in the world. The average Internet connection speed in Romania registered by the American company Akamai in the quarterly report “State of Internet” has grown by 3.6% in the first quarter reported to the last three months of 2011, to 6.6 ...
Ministry of Economy wants “Silicon Valley” in Cluj
Tuesday, August 14, 2012
The Ministry of Economy announced in a press release “the launch of a new growth pole in Cluj, concentrated on research, innovation and IT services, which will include IT companies as in Silicon Valley.” According to the ministry, this growth pole will have two parts, a physical and a virtual one and follows similar models developed at Skolkovo and Luxembourg. The physical ...
Real estate : Joint ventures and land transactions draw real estate investments in first six months
Tuesday, August 7, 2012
The real estate investment activity is the second quarter of 2012 is made up of a joint venture and land transactions, according to the Bucharest City Report, which was drawn up by the Jones Lang LaSalle company.. One of the most important investments was made by the association between the New Europe Property Investors (NEPI) and Michael Topolinski with a view to buying the Vulcan industrial platform in western Bucharest. They intend to develop a retail park joined ...
Telecom.IT : Ernst & Young survey :Romanian software exports making steady climb during recession
Tuesday, August 7, 2012
Romanian software exports followed an upward trend during recession, as the total turnover of Romania's IT &C sector increased 8% in 2010 and 2% in 2011, thus bouncing back to the level of 9.4 billion euros recorded in 2008, shows an Ernst & Young survey.Exports in this field made a steady climb throughout the post-crisis period, going 37% past the mark hit in 2008, while domestic market revenues increased by just a modest 6%.According to the ...
Trade: Statistics: Retail trade turnover up by mid-year
Tuesday, August 7, 2012
The turnover of the Romanian retail trade (except for trade in vehicles and motorbikes) grew in the six months of the year, both by gross and adjusted series, i.e. depending on the number of working days and seasonal work, by 4.1 percent and 4.4 percent respectively as compared to Jan.-June of 2011, the National Institute for Statistics said in a release on Thursday.The gross-series terms increase was the result of the rise in the retail trade of vehicle fuel at the ...
Cars : Statistics: New vehicle registrations advance 37.3 pct in H1
Tuesday, August 7, 2012
Registrations of new vehicles hit 148,824 units in the first half of 2012, up 37.3 pct y-o-y, shows data given to publicity on Friday by the National Statistics Institute (INS).According to the cited source, registrations of new passenger vehicles advanced 39.3 pct from H1, 2011 to 111,228 units, and registrations of new freight vehicles grew 31.7 pct to 37.596 units.There was a 64.7 pct leap in the number of new car registrations to 107,414 units in H1 ...
Agriculture : Isarescu: Agriculture circumstances substantiate diminished growth prognosis
Tuesday, August 7, 2012
There is sufficient data, including the circumstances in agriculture that has been badly hit by the droughty span, that substantiate a diminished prognosis of the economic growth, the National Bank of Romania's (BNR) Governor Mugur Isarescu said on Thursday.'There is sufficient data, the circumstances in agriculture included, that substantiate an at least partially diminished prognosis with respect to the economic growth', Isarescu said.The growth of the ...
Environment Minister: Forest curtains - authorities' priority to avoid disaster like that last winter
Tuesday, August 7, 2012
Protection forest curtains and afforestation of degraded lands represent a priority of the Bucharest authorities, Minister of the Environment and Forestry Rovana Plumb told Agerpres.'I am very preoccupied with the achievement of the protection forest curtains and the afforestation of the degraded lands. The disaster happened last winter and the harmful effects of the blizzards have been also caused due to the lack of such protection and prevention measures. Such ...
Minister of Agriculture announces financial compensations for farmers affected by drought
Tuesday, August 7, 2012
The Executive is to discuss, in view 'to approve' it, next week, a Government Decision (OUG) targeting financial compensations to be granted to farmers who are affected by drought, announced, on Tuesday, Minister of Agriculture Daniel Constantin.'We are preoccupied that those in SMEs category to receive financial compensations for the loss of income this year compared to the average of the last three years, in amount of 80 percent for those who are insured and by 50 ...
Gov't: 30 million euros for milk and veal producers in underdeveloped areas
Tuesday, August 7, 2012
The Government has approved a state aid scheme for milk and veal producers in underprivileged areas that totals 30 million euros, Agriculture Minister Daniel Constantin said on Tuesday.'The Government approved under a decision today a scheme for specific state aid for milk and veal producers in underprivileged areas. The beneficiaries of this aid are animal farmers and this is aid meant to compensate for the disadvantages to the following animal categories: milk cows ...
Tourism:Draught affects ship traffic on Danube. Romania loses 3 million euro
Tuesday, July 31, 2012
This summer’s draught made the Danube level in Romania drop below two meters and cruise ships with foreign tourists can no longer access the Delta. Tour operators estimate Romania will lose over 3 million euro unless authorities cleanse the river. “The problem is mainly on the Bulgarian side between Turnu Magurele and Giurgiu, where there is a threshold that cannot be crossed because of low water levels. People from ...
Analysis: Romanian hotels among last in Europe for summer occupancy
Tuesday, July 31, 2012
Hotels in Romania are among the last in Europe according to the summer occupancy degree and are on the last position in the classification about the share of foreigners among tourists. The reasons are the weak business flow, the bad foreign image, high prices and evasion. Mohammad Murad, the chairman of the Patrons’ Federation in Romanian Tourism (FPTR) and one of the biggest hotel owners at national level, says Romania is not known in the world, and what ...
Romanians forget about holidays abroad
Tuesday, July 31, 2012
Only a third of Romanians who could afford going on holiday this summer prefer going abroad, compared to a half in 2010 and 42% last year, according to a IRES study, which analysed the Romanians’ behaviour about spending their vacations. The study shows that one out of five Romanians chooses to go on vacation only in summer. About 45% of Romanians say they will go to the seaside and 27% choose the mountains. Only 11% want to visit a city and 4% want to go to ...
Agriculture : Romania exported twice more wheat than corn in first 4 months of 2012
Tuesday, July 31, 2012
Romania exported 1448 million tons of wheat and corn in the first four months of the year, twice more than in the same period of 2011, according to data supplied by the Ministry of Agriculture and Rural Development (MADR). Of the quantity of cereals placed on the foreign markets (EU and third markets), wheat represented 474,149.295 tons and corn 973,856.856 tons. According to MADR, 384.26 million euro was obtained from exports ...
No risk with GMO food, says EU chief scientific advisor
Tuesday, July 31, 2012
Genetically modified organisms (GMOs) are no riskier than their conventionally farmed equivalents, the European Commission’s Chief Scientific Advisor Anne Glover has told EurActiv in an exclusive interview, calling for countries impeding GMO use to be put to proof. The endorsement of GMO safety will rattle member states where bans are in place (see background), and represents the CSA’s highest-profile policy intervention since ...
Agriculture minister: Maize, sunflower crop put at risk by droughty span
Tuesday, July 31, 2012
The droughty span is putting the maize and sunflower crops at risk and given such a situation, the small and medium-sized firms (SME) will get compensation from the state to cover 80 percent of the losses, Minister of Agriculture and Rural Development Daniel Constantin told a news conference on Friday.'The droughty span is putting the maize and sunflower crops at risk. We've been having some 28-29 days in which temperatures have not fallen below 33 degrees (Celsius) ...
PM Ponta: Irrigation fees to go down by 50 lei per 1,000 cu.m.
Tuesday, July 31, 2012
The irrigation fees will drop with 50 lei per 1,000 cu.m, and the projects related to Measure 125 for Agriculture will be allocated more 25 million euros, PM Victor Ponta told a news conference at the Ministry of Agriculture and Rural Development (MADR), on Tuesday.'We have been facing an exceptionally negative situation, of drought, and we think it is the Government's duty to carry out an analysis and to draw up a support strategy for the agriculture, ...
MADR: Irrigation equipment of over 800,000 ha cropland to be rehabilitated on EU funds starting Jan 1, 2014
Tuesday, July 31, 2012
Advanced talks between Romania and the EU Commission are currently in progress viewing financing the rehabilitation of the irrigation infrastructure of 800,000 ha croplands, starting on January 1, 2014 Minister of Agriculture and Rural Development Daniel Constantin told a video conference organized at the Victoria Palace, on Wednesday.'Our major goal in the medium and the long run is to get the whole irrigation infrastructure rehabilitated. With the ...
Differential VAT on agri-food products, a welcome measure
Tuesday, July 31, 2012
The introduction of a differential Value-Added Tax (VAT) on agri-food products is a welcome measure, as is any initiative of the Government that can help Romanian producers, Chairman of the Confederation of Romania's Employers' Associations Gheorghe Naghiu told Agerpres on Tuesday.'Any governmental measure that could diminish the efforts of the Romanian producers is welcome and such an initiative is that regarding cutting the VAT on food,' said ...
Infrastructure: EU to fund project on Cluj Napoca International Airport
Tuesday, July 31, 2012
The International Airport of Cluj Napoca (cental west) was officially informed by the EU Commission that its application for the financing of the project on ‘Studies for the development of inter-modal transport infrastructure for passengers and freight,' was approved, the Cluj County Council informs in a press release.The project is aimed at the priority I of the TEN-T Programme, to promote the development of an integrated multi-modal transport ...