RSS
Economic
Trade in motor vehicles and motorcycles, up 10.4pct in October
Tuesday, December 13, 2011
Trade volume of motor vehicles and motorcycles in Romania grew, in October 2011, by 10.4 percent in gross series compared to the similar month in 2010, while market services to population advanced in the same interval by 12.4 percent in gross series and by 13.2 percent in seasonally adjusted series, also depending on the number of working days, reveal provisional data of the National Institute of Statistics (INS) released on Thursday.As against September 2011, in October 2011, the ...
Dacia car sales on French market increase 26.9 percent
Tuesday, December 6, 2011
10,433 new Dacia cars were registered in France in November 2011, increasing 26.9 percent compared with the 8,223 units registered in November 2010, according to the French Carmakers Committee (CCFA).An even higher percentage increase was registered in the case of light trucks Dacia carmake, a number of 632 units being sold on the French market in November 2011, increasing 37.7 percent compared with 459 units in November 2010.In 2010, 104,642 Dacia cars were registered in France, ...
Organic farmers defend EU's 'green revolution'
Tuesday, December 6, 2011
Outgunned by large industrial farm lobbying groups, organic producers, supported by conservation organisations, have risen up to defend some of the European Commission's proposals for a 'greener' Common Agricultural Policy (CAP).Leading farmers’ organisations and some farm ministers have criticised European Commission proposals for a greener agricultural policy, fearing new bureaucratic hurdles and a decline in yields at a time of rising global food demand.But for organic farmers, the ...
The wheat price on the local market will drop by 2-4% in H1 next year
Tuesday, December 6, 2011
The wheat price on the local market will drop by 2-4% in H1 next year, according to head of the local grain trader Agricover Robert Arsene, according to Agerpres. As there is no grain exchange to establish precisely the prices on the local market [except for a wheat futures instrument recently introduced at the Bucharest Commodity Exchange BRM], the statements actually means that the price will remain more or less the same during H1 next year. Actually, according to the line ministry’s ...
Real income of Romanian farmer ranks country last but one in EU
Tuesday, December 6, 2011
The real income per an agricultural worker placed Romania the last but one among the 27 EU states, in 2010, when it was followed by the United Kingdom that ranked the last, reads a comparative analysis on Romania's economy and that of the European Union, conducted by the Prim Minister's Advisor Andreea Paul Vass. According to her, it was registered an important drop of 8,2 percent in 2010 vs. 2009, while the average growth posed for 12.3 percent in Europe.The dynamics of ...
Dacian Ciolos: Authorities, producers should be more engaged in registration of Romanian traditional products
Tuesday, December 6, 2011
EU Commissioner for Agriculture and Rural Development Dacian Ciolos considers the Romanian authorities and producers should be more engaged in the registration of a larger number of Romanian traditional products protected at the European level, given that Romania has only one protected product at this moment, namely the Topoloveni Plum Jam.'I wanted to have a very useful and concrete discussion with the officials of the Ministry of Agriculture and with the representatives of ...
Minister Valeriu Tabara: Direct payments in agriculture, seven billion euros in 2012
Tuesday, December 6, 2011
The direct payments in agriculture will amount to five billion euros in December 2011, only to reach seven billion in February 2012, with the funds allocated by the National Plan of Rural Development to be added, said Minister of Agriculture and Rural Development Valeriu Tabara on Tuesday at the symposium 'SMBs between taxes and non-refunding money. Ways to draw European funds as a method to fight the effects of the economic crisis.'The minister of Agriculture added that ...
Romanian Govt Keeps Livestock Subsidy At Current Level, Over Budget Constraints
Tuesday, December 6, 2011
Romania's Government has allotted over 1 billion lei (EUR230 million) for subsidies per head for sheep, goats and cattle, but will not increase the amount per head, despite the number of subsidized animals increasing by about 1 million heads since last year.Agriculture Minister Valeriu Tabara said in a press conference that the Government was unable to raise the subsidy per head because of budgetary constraints.The subsidy has remained RON40 per head for sheep and goats; the ...
Statistics : Over 6.5M foreign tourists enter Romania, in ten months
Tuesday, December 6, 2011
As many as 6.552 million foreign tourists visited Romania during Jan 1- Oct 31, 2011, by 1.8 percent more than over the same time span in 2010, most of them arriving from Europe (94.2 percent), National Statistics Institute (INS) data inform, on Monday. Thus, most of the tourists arrived from the EU countries (57.4 percent), namely Hungary (34.7 %), Bulgaria (17.8%), Germany (8.9%), Italy (8.0%), Poland (6.0%). Air transport registered the highest figures (27.3 percent), during the ...
Horezu destination of excellence to be promoted by partnership, together with Apuseni Mountains and Geoagiu Spas
Tuesday, December 6, 2011
Horezu area (south) has been recently declared a destination of excellence beside the Apuseni Mountains and Geoagiu Spas, through the partnership signed at Sudrigiu, Bihor County (north), late last week.'It has been the first big encounter of Romania's elite tourism areas, namely Horezu, the Apuseni Mountains and Geoagiu Spas that were declared destinations of excellence, in the past three years. The meeting was a good omen one as it set up an association and an one-voice promotion ...
136 million euros' worth of European funds for rehabilitation of promenades on Black Sea shore
Tuesday, December 6, 2011
Minister of the Environment and Forestry Laszlo Borbely said that 136 million euros' worth of European funds would be allocated for the rehabilitation of the promenades on the Back Sea shore. In January 2012 they are to finalize the tenders for making the investments under consideration.'In 2007, after making a study, the Japanese told us that in 22 years the promenade on the Black Sea shore would disappear if we did not take urgent measures. ... This is why, when I took over at ...
Baneasa Airport business terminal to be completed in February 2012
Tuesday, December 6, 2011
The modernizing works on the general aviation and business terminal of Baneasa Aurel Vlaicu International Airport will be completed in February 2012 and the airport will resume its activity in December 2011.'Once these works are completed the ones wanting to invest in Romania will have at their disposal a modern airport, with all facilities, to land in Romania and make investments here. Concerning those complaining about moving the low-cost flights on Otopeni Airport I am telling ...
Metrorex signs contract to purchase 16 new underground trains from Spanish company CAF
Tuesday, December 6, 2011
Metrorex company, operator of the underground train network in Bucharest and the Spanish company CAF signed on Tuesday, in the presence of Minister of Transports and Infrastructure Anca Boagiu a VAT-free 97 million-euro contract to purchase 16 new trains to be used on the lines currently in use.'Metrorex shows again it is one of the best performing companies under the Ministry of Transports and this contract bears evidence in this respect,' said Anca Boagiu. Metrorex also ...
Estate developer from Ireland intends to build leisure resort at 40-minute drive from Bucharest
Tuesday, December 6, 2011
An estate developer from Ireland intends to build a leisure resort at a 40-minute drive from Bucharest, past Otopeni. The resort will include hotels, spa, playing fields, a golf course included. Romania is an important country, with nice people. It is a big opportunity. Romania is Europe's border, a country with a new economy. I am very optimistic about Romania, said Neil Murrey, the representative of the Irish company, who refused to name the company that is to make the investment. ...
125 IT experts to work in first laboratory in Europe to develop IBM equipment
Tuesday, December 6, 2011
More than 125 IT experts will work in the first laboratory to develop products for the network systems in Europe, IBM Bucharest Systems Laboratory, according to the Ministry of Communications and Informational Society. 'Opening IBM Bucharest Systems Laboratory is a significant moment for the solid partnership between Romania and IBM. The latter commitment proves that Romania is a safe country for investments, prepared for the applications of the future and will consolidate an ...
MCSI considering transposing European telecommunications directives in Romanian legislation
Tuesday, December 6, 2011
A draft law concerning the transposition of the new European rules in the filed of electronic communications and a draft emergency ordinance concerning the processing of personal data and the protection of privacy in the field of electronic communications is currently being considered for approval by the Ministry of Communications and Information Society (MCSI).In an exclusive statement to Agerpres on Tuesday, a source with the ministry said that all efforts are being deployed to ...
Romanians see corruption, poverty and financial crisis as challenges to internal security
Tuesday, November 29, 2011
Romanians see corruption, poverty and the economic and financial crisis as the main challenges to internal security, according to the findings of a survey released on Friday in Brussels by the European Commission.According to the findings, 56 percent of Romanians see corruption as the main challenge to internal security; 55 percent see poverty as that; 41 percent the economic and financial crises; 19 percent natural disasters; 14 percent terrorism; 14 percent organised crime. ...
Survey: Romanian business managers expecting drop in construction and services Nov. 2011- Jan. 2012
Tuesday, November 29, 2011
Romanian business managers are expecting a moderate rise in retail trade, a relative stable manufacturing industry and a moderate drop in services and construction in November 2011 - January 2012 compared with the previous three months, according to their opinions surveyed in November 2011.In the November survey, managers of manufacturing companies said they are expecting a 5-percent increase in output and employment.The rising trend should be visible in the manufacturing ...
Mobile phone coverage rate amounts to 130 pct of Romania's active population
Tuesday, November 29, 2011
The mobile phone coverage rate amounted to 130 percent of Romania's active population, but the number of users who make payments via cell phones stands at only 10 percent of the total, Mihai Rada, KPMG Romania management consulting director, told a press conference.He also said that at this moment, Romania ranks last among European countries by card payments via mobile phones, although most banks have introduced mobile banking solutions.'Romania still ranks last in Europe ...
2005-2008 land investments a source of insolvency in the next period
Tuesday, November 29, 2011
Investments made over 2005-2008 in lands for the development of real estate projects will represent a source of insolvency projects because in the present economic context they are no longer sustainable, according to Transylvania Insolvency House (CITR).“A growing number of projects initiated over 2006-2008 were stopped by investors, many of them giving up the development of projects in their initial stage. Investments made over 2005-2008 in lands for the development of real estate ...