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Trade: First Lenovo Exclusive Store of Romania, inaugurated in Bucharest
Tuesday, May 22, 2012
Lenovo on Wednesday opened the first official store of Romania in Bucharest.'It is the first Lenovo Exclusive of Romania. If it has success, we shall probably open some more,' said Aurel Netin country general manager for Romania, Bulgaria and the Republic of Moldova.According to the cited source, for 12 consecutive quarters Lenovo has exceeded the growth level of the IT market.He also said that the desktop would not die, as ...
Study GfK : Sales of IT products up 3.2 pct in Q1
Tuesday, May 22, 2012
The sales of IT products surged by 3.2 percent in the first quarter of 2012, compared to the same period of 2011, up to 101 million euros, with the laptops and the tablets PC being the best-selling devices at the beginning of this year, reveal the results of the study GfK TEMAX Romania for the first quarter of 2012.The sales of tablets have significantly increased during the last quarters, thanks to the advantages they offer, they are compact, easy to ...
Real Estate: Oprescu: Bucharest needs 15,000 houses at least
Tuesday, May 22, 2012
Bucharest at present needs 15,000 houses at least, in keeping with the applications we have at the city hall, Bucharest Mayor Sorin Oprescu told a specialist conference on Tuesday.'I want to suggest a cooperation to estate developers by which we should develop these houses in the southern and south-western part of the capital city. What we want to do is to build districts for people on medium incomes, houses we should be able to let. These districts ...
EBRD: Romania should grant facilities to real estate developers and tenants
Tuesday, May 22, 2012
Romania must grant facilities both to real estate developers and final consumers, the companies which rent real estate projects to cope with competition with other countries in the area in attracting investors, said Michele Small, senior EBRD banker. Romania competes with countries like Serbia or Croatia concerning infrastructure for production areas, commercial centers, offices and does not have a good position in this respect. In countries in the area companies ...
Why foreign real estate investors are hard to convince to come to Romania
Tuesday, May 22, 2012
Real estate investors are hard to convince to come to Romania because they would get little profit compared to risks they have to assume, said Babis Padis, managing partner of BlueHouse Capital. The representative of the Cyprus investment fund says it is very hard for an investor to find a final buyer for a project developed or held in Romania. He showed that from the political point of view things are not encouraging either. In ...
Telecom.IT : Local gaming market to exceed 20 mln euros in 2012
Tuesday, May 15, 2012
The local gaming market will exceed 20 million euros in 2012, up 20 percent compared to the previous year, given the increase on the hardware segment (consoles), as well as on games and accessories, according to the estimates made by Flanco electro-IT retail chain.The gaming segment saw a slightly upward evolution in sales, correlated to the increase of traffic in the Flanco stores, therefore the sales of games have surged by nearly 15 percent in the first 3 months ...
Agriculture : Agriculture Minister intent on dismissing heads of Management Authority of Fisheries Operational Program
Tuesday, May 15, 2012
Romanian Minister of Agriculture and Rural Development Daniel Constantin announced on Monday in Brussels that he would propose the dismissal of the leading team of the Management Authority of the Fisheries Operational Program, following deficiencies in fund management.'There are very serious deficiencies that put Romania in a delicate position both in political and economic terms,' said Minister Constantin after the first day of the meeting of the AGRIFISH Council ...
Organic farming is niche sector where Romania has stood out lately
Tuesday, May 15, 2012
Organic farming remains a priority sector in the view of newly-appointed minister of Agriculture because it is still a major supplier of such products on the international market. 'Organic farming is a sector I perceive to be a priority. It is a niche sector where Romania has excelled over the past few years and we have to continue with such products on the international market. I saw to my utter delight that the consumption of organic food has soared lately,' ...
Agricultural chambers to become functional by autumn
Tuesday, May 15, 2012
The Agricultural chambers could become functional until the autumn this year, if the project initiated by current European Commissioner Dacian Ciolos, since 2008 still, will receive the green light in the Chamber of Deputies, the Chairman of the Committee on agriculture, forestry, food industry and specific services of the Chamber of Deputies, Adrian Radulescu, told Agerpres in an interview.According to the project, farmers are practically beneficiaries of what the ...
Romania, France to advocate common stance on simplifying CAP 2014-2020
Tuesday, May 15, 2012
Romania and France will advocate a common stance on simplifying the 2014-2020 Common Agricultural Policy (CAP) in relation to market measures and direct payments, Romania's Agricultural Payments and Intervention Agency (APIA) reported in a press release on Monday.APIA hosted last week a bilateral meeting of APIA experts and experts of similar French organisations - the Agency for Services and Payments (ASP) and FranceAgriMer (FAM) that discussed aspects deemed ...
Real Estate : Number of completed buildings in 2011 in Bucharest down 41 pct compared to 2010
Tuesday, May 15, 2012
The number of the residential buildings completed in Bucharest last year stood at only 1,600, down 41 percent compared to 2010, according to the report the Jones Lang LaSalle company sent on Monday. The request for new apartment buildings was sluggish both in 2011 and at the beginning of 2012. The evolution of the mortgage loan has slightly surged in the second half of 2011, whereas a meager dynamic has been recorded in the first three months of 2012. 'An ...
Infrastructure: 2011 Danube freight traffic stands at 29.396 million tonnes
Tuesday, May 15, 2012
Statistics with Romania's Ministry of Transport and Infrastructure indicates that the 2011 freight traffic on the Danube River flowing in the country stood at 29.396 million tonnes.Out of the total, 16.386 million tonnes was domestic cargo and 6.052 million tonnes international cargo, with the rest being transiting cargo.On the river's navigable canals, 11.613 million tonnes of freight were carried, with the number of ships having transited through the ...
Bulgaria seeks investors for new Romania-Turkey highway
Tuesday, May 15, 2012
Bulgaria's government decided last Wednesday to open to potential investors a project for building a new motorway between its northern border with Romania and Turkey to the southeast, AFP reported."The cabinet tasked Regional Development Minister Lilyana Pavlova with initiating ... a procedure for the signing of a concession contract on the planning, construction and exploitation of the Ruse-Svilengrad road," a government statement ...
Constanta, Oradea airports to be upgraded by 72 mln euros
Tuesday, May 15, 2012
Mihail Kogalniceanu Airport near the Black Sea port of Constanta (southeastern Romania) and the western Oradea airport will be upgraded by using European Union funds, reveal projects signed by the Ministry of Transport and Infrastructure.A project aimed to rehabilitate the aircraft stationing platforms inside the airport in Mihail Kogalniceanu town is worth some 40 million euros (18 million euros of which is ...
Cars : First Dacia Duster cars arrive in the UK
Tuesday, May 8, 2012
Twenty-two Dacia Duster SUVs have been recently unloaded from a ship in the UK, being the first out of several thousands to come this year on the car market in this country, reads Capital magazine.The interest in this vehicle seems to grow in this country. In barely a few weeks, 5,500 Britons subscribed to the Dacia newsletter awaiting the price list to come out. According to Dacia officials, the full price list and the features specific for the UK ...
INS: New registrations of passenger motor vehicles, up almost 20pct in Q1, 2012
Tuesday, May 8, 2012
New registrations of passenger motor vehicles advanced 19.7 percent in Romania in Q1, 2012 from Q1, 2011, while the registrations of freight motor vehicles went up 38 percent, according to data released by the National Statistics Institute (INS) on Friday.The rise in automobiles registration was 20.3 percent; the rise in the registrations of buses and coaches was 1.3 percent, while the registrations of mopeds and motorcycles were down 7.1 percent.The ...
Trade: Romania, 4th in the EU in terms of March 2012 retail trade growth
Tuesday, May 8, 2012
Retail trade in Romania increased by 1.2 percent in March 2012 on a monthly basis, the 4th largest rise in the European Union, according to preliminary data released on Friday by the Eurostat official statistic office of the EU.Bigger rises were recorded in Bulgaria (3.9 percent), Poland (2.6 percent), Austria and the UK (1.9 percent).In March 2012 compared with February 2012, the volume of retail trade rose by 0.3 percent in the euro area (EA17) - ...
Romania imports over 38,000 tonnes chocolate, while exports are five times less, in 2011
Tuesday, May 8, 2012
Romania imported over 38,000 tonnes chocolate, in 2011, with 16 percent more than in 2010, while the exports were almost five times less, namely 8,000 tonnes, read data the Ministry of Agriculture and Rural Development (MADR).Romania's chocolate imports amounted to 111 million euros, in 2011 compared to 97.5 million euros paid for 33,000 tonnes chocolate, in 2010.According to MADR figures, Romania's chocolate exports totaled 30.1 million euros for ...
INS: Retail trade, up 3.7pct in Q1, 2012 in Romania
Tuesday, May 8, 2012
Retail trade, with the exception of trade in mootro vehicles and motorcycles, advanced 3.7 percent in Romania in Q1, 2012 in unadjusted terms and 4.5 percent in terms adjusted for the number of business days and seasonality, compared with Q1, 2011, according to data released on Friday by the National Statistics Institute (INS).The increase in unadjusted terms was the result of a 9.4-percent rise in the retail trade of fuels at specialist stores, a 4.8-percent ...
Tourism : About 1.4 mln foreign tourists enter Romania in Q1, 2012
Tuesday, May 8, 2012
As many as 1.388 million foreign tourists have visited Romania in the first quarter of 2012, up 0.5 percent compared to the same period of last year, according to the figures the National Statistics Institute (INS) released on Thursday. Most visitors came from Europe (95.3 percent) and 64.9 percent accounted for the all-in arrivals of the travelers from the EU-member states, namely Hungary (36.1 percent), Bulgaria (21.5 percent), Germany (8.0 percent), Italy (7.7 ...