Economic
Romania will observe RSPP deadlines for radio spectrum use
Tuesday, February 28, 2012
Romania will meet the deadlines set under the Radio Spectrum Policy Program (RSPP) adopted by the European Parliament in mid-February, informs a Wednesday release of the National Communications Management and Regulation Authority (ANCOM).According to the telecoms regulator, the program was adopted at European level for a five-year period and defines the political guidelines and objectives for the strategic planning and harmonization of radio spectrum use in accordance with the ...
Flanco: Romanian electro-IT retail market grows to 1.1 billion euros in 2011
Tuesday, February 21, 2012
The Romanian electro-IT market in 2011 stood at approximately 1.1 billion euros, 10 percent more than in 2010, Flanco marketing manager Violeta Luca told a press conference on Tuesday.The fourth quarter was the best one, with a 35 percent ratio in the total sales, while on a monthly basis, the market reached the highest sale value in December, November and July.'Sales per capita increased in Romania in 2011 to 60 euros, as against 53 euros in 2010, but there still is a ...
New ski tracks, artificial snow and nocturne lighting, in Busteni resort
Tuesday, February 21, 2012
Two new ski slopes, a snow maker and a nocturne lighting system opened in Busteni mountain resort (north of Bucharest), and the works' costs amounted to round 850,000 euros, namely 3.7 million lei, 2.5 million of it representing EU funds, Ministry of Regional Development and Tourism (MDRT) informs. According to the source, the investment was funded from EU money, through the Regional Operational Programme (ROP) and on the state budget money through the Ski in Romania programme, the ...
Local auto sales drop 23 pct in January
Tuesday, February 21, 2012
Local auto sales (cars plus commercial vehicles) dropped this January 23 pct from January 2011, standing at 4,221 units; car deliveries plunged by some 21 pct to 3,475 units, shows data released on Wednesday by the Association of Automotive Manufacturers and Importers (APIA).At the car category, the best selling makes are further Dacia with 887 units (25 pct of the total), followed by Volkswagen (478 units 13 pct), Skoda (325 units 9 pct), Ford (222 units 6 pct), Renault (217 ...
Romania, first place in EU as for new car registrations in January
Tuesday, February 21, 2012
Romania posted, in January, the most significant advance as for the new car registrations in the European Union, with a growth of 86.4 percent, namely 4,937 units, compared with 2,648 in the same period of 2011, according to statistics of the European Automobile Manufacturers Association (ACEA) published on Thursday. Last year, new car registrations in Romania dropped by 13.6 percent, to 81,719 units compared to 94,541 units in 2010. In exchange, the number of registered ...
Transports Ministry demands review of auctions for national roads and motorways maintenance
Tuesday, February 21, 2012
Transports and Infrastructure Minister Alexandru Nazare on Thursday demanded the Ministry's control body to review the way in which the auctions for the framework agreements on multiannual maintenance of national roads and motorways were carried out in 2008.According to a MTI release remitted to Agerpres on Thursday, Minister Alexandru Nazare's demand is also based on the request in this respect forwarded by National Company for Motorways and National Roads of Romania director ...
Romania to rehabilitate Giurgiu-Ruse bridge in second half of 2012
Tuesday, February 21, 2012
Rehabilitation work on the Romanian section of the bridge connecting Giurgiu (southern Romania) to Ruse is scheduled for the second half of 2012, its estimated value being ten million euros, Cristina Amarazeanu, chief of planning, strategy, connections and international relations with the National Company of Motorways and National Roads in Romania (CNADNR), said on Thursday. According to the above-mentioned source, CNADNR considers the possibility to extend this bridge by building ...
Minister Nazare: EC will approve projects worth 900 million euros for railway rehabilitation works
Tuesday, February 21, 2012
In the weeks ahead, the European Commission will approve major projects for the rehabilitation of 110 km of railways worth a total of 900 million euros, Romanian Minister of Transport and Infrastructure Alexandru Nazare said on Friday in Brussels.The Ministry of Transport and Infrastructure (MTI) reports that Nazare on Friday met European Commissioner for Regional Policy Johannes Hahn.The two officials are said to have discussed Romania's absorption of European funds for ...
Ciolos: Up and running agricultural chambers would boost country's capacity for agricultural consultancy
Tuesday, February 21, 2012
European Commissioner for Agriculture and Rural Development Dacian Ciolos advocated on Friday in Bucharest the strengthening of Romania's capacity for agricultural consultancy, voicing his opinion that this objective can be achieved through the planned agricultural chambers, 'which are a recurrent subject of talks but fail to come into being.''It would be advisable for the setting up of the agricultural chambers - which would provide an effective consultancy tool for the farmers - ...
Barna Tanczos (MADR): We will try to find investors interested in organic agriculture processing activities
Tuesday, February 21, 2012
We will try to find investors for processing activity, which further remains the most difficult issue related to the organic farming, said on Friday, Secretary of State in the Ministry of Agriculture Barna Tanczos, at the 'Romanian Organic Forum' seminar, organized at Romania's Pavilion in the world's largest organic products fair in the world - Biofach 2012.'The most difficult issue related to organic farming remains processing because we are still exporting raw materials, ...
Romania’s 2011 real estate deals worth only a fifth of 2007 peak
Tuesday, February 14, 2012
Real estate deals reached approximately EUR 400 million in Romania last year, according to Jones Lang LaSalle’s (JLL) ‘Capital Markets Buletin Q4 2011’ study. The largest transaction recorded was the acquisition of the Europolis’ portfolio at the regional level by CA Immo. Notable deals include the acquisition of City Mall in Bucharest by a local developer. On the office front, Bluehouse Capital completed the acquisition of Astoria Center, a deal worth some EUR 10 million.“If the ...
Statistics: 42.2 percent drop in new registrations of passenger vehicles in 2011
Tuesday, February 14, 2012
The new registrations of passengers vehicles reported a 42.2 percent drop in 2011 compared to the previous year, whereas the cargo vehicles witnessed a 54.6 percent increase, reveals data from the National Statistics Institute (INS). The quoted source reads that the new registrations of road passenger vehicles dropped 54.5 percent last year on a year-on-year basis, with the highest decrease reported at buses (-54.8 percent).There were also lower figures at buses and ...
Three-fold rise in Transylvania Targu Mures Airport passenger traffic
Tuesday, February 14, 2012
In January this year, the Transylvania Airport of Targu Mures (northwest of Bucharest) reported a number of aircraft movements twice as high compared to the same period last year, and a number of passengers three times higher against the same reference, informs a Monday release.''Despite air carriers reducing the number of flights during winter time, in January 2012 the Targu Mures Airport has handled 236 aircraft movements and 20,561 passengers, which represents a 100 pct increase ...
Transport Ministry signs six railway contracts worth nearly 500 million euros
Tuesday, February 14, 2012
fORMER Transport Minister Anca Boagiu on Tuesday signed six railway contracts worth 479 million euros financed by European funds.The first contract is for the construction of portion I Border-Curtici-Arad. It is worth 248 million euros, VAT excluded, and the works should end in two years. The works will be carried out by a consortium made up of Alstom-Swietelsky-Astaldi and EuroConstruct.The second contract, worth 208 million euros, is for the building of the 23.3-km long ...
Statistics: 1.3 percent less cow milk collected by processing units in 2011
Tuesday, February 14, 2012
The amount of cow milk collected by the processing units dropped 11,635 tonnes (1.3 percent) compared to 2010, totalling 892,115 tonnes, whereas the production of milk for consumption was almost similar to that in 2010, namely 221,311 tonnes, according to data released on Wednesday by the National Institute of Statistics (INS).The heaviest fall in production in 2011 compared to 2010 was butter production which dropped 347 tonnes (-3.6 percent) down to 9,407 tonnes, followed by ...
Franks, IMF: Romanian health system needs fundamental reform
Tuesday, February 14, 2012
The Romanian health system needs a fundamental reform, in the conditions in which the services it provides, actually the services the Government promises, are not appropriate and do not fit the funds available for the system, International Monetary Fund chief for Romania Jeffrey Franks said in an interview to Radio Romania Actualitati radio station .The Romanian health system is damaged. We must make the system provide better services, more efficient, with more resources, but which ...
Government: Ministry of Economy to initiate public consultations on ACTA
Tuesday, February 7, 2012
The Ministry of Economy will initiate public consultations with interested factors regarding the anti-piracy multilateral Agreement - ACTA, said the Government's spokesperson Ioana Muntean, who added that the said document does not entail changes to the national legislation. 'Nationally, also the Ministry of Economy, the one that initiated this memorandum through which this agreement was signed, will initiate public consultations with the interested factors on this trade agreement ...
Romania Telecom Operators To Store Prepay Service Users’ Identity Data - Bill
Tuesday, February 7, 2012
Telecom operators in Romania will store PrePay service customers’ identity data, according to a bill included in the Government’s legislative program for 2012.Last year, the Parliament rejected a similar bill drafted by several democrat liberal MPs, who argued that over 90% of emergency calls made in 2010 were false and more than half of them were made by PrePay service users.The Government will approve the new bill by the end of August, reads the document.According ...
Executive approves CFR's activity contract for 2012-2015 period
Tuesday, February 7, 2012
The Government has approved on Thursday, by a decision taken in its meeting, the activity contract of the National Company CN CFR SA for the next three years, The Executive's Press office announced in a release. According to the quoted source, the activity contract valid for the period 2012-2015 is concluded between CN Railway Company 'CFR' - SA, on the one hand, and the Ministry of Transport and Infrastructure MTI , on the other. Mainly the document refers to CFR ...
Romanian Agriculture Min Suggests 10% VAT On Farming Products
Tuesday, February 7, 2012
Romania should reduce the VAT on farming products from 24% to 10%, to lower food prices and prevent tax evasion, Agriculture Minister Valeriu Tabara said Thursday in a press conference.The Government should reconsider the level of VAT and excise duties on farming products, said the minister. "A VAT of around 10% would eliminate tax evasion," he stated.This reduction has been in the works for a few years, and even appeared in a bill one time. However, in March 2011, Prime Minister ...