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Economic
CNADNR earmarks 24.79 million euros to modernise Bucharest City ring road
Tuesday, November 29, 2011
Romania's National Road and Motorways Corporation (CNADNR) has signed a protocol for modernising the ring road of Bucharest City, the portion between the Bucharest Motorway - Pitesti and DN2.A consortium made up of Delta ACM, Azvirt and Maxdesign will provide the design works for the 8.69-km portion as well as technical assistance and construction works for the Bucharest Ring's portion between A1-DN7 and DN2-A2.The contract value for modernising the 8.695-km portion is nearly 24.79 million ...
Ministers Boagiu and Salaru discuss main transport cooperation projects
Tuesday, November 29, 2011
Romania's Minister of Transport and Infrastructure Anca Boagiu on Thursday welcomed her Moldovan counterpart Anatol Salaru. The Ministry of Transport and Infrastructure reports in a press release that the discussions between the two ministers focused on the main projects for bilateral, cooperation as part of the partnership between Romania and Moldova.About the priority bilateral transport projects, Boagiu mentioned a project for the resumption of navigation on the Prut River and ...
CNADNR signs contract for Sacuieni Detour
Tuesday, November 29, 2011
Romania's National Roads and Motorways Corporation (CNADNR) on Thursday signed a contract for construction works on the Sacuieni Detour, Bihor County, worth nearly 7.4 million euros, VAT excluded. The contract was awarded by open auction to IDECON S.A.U. The construction of the 7.62-km detour will take two years. The works are accompanied by a two-year warranty. The project is funded 69.25 percent by the European Fund for Regional Development, and 30.75 percent by the Romanian Government. ...
Romanian retailer eMAG.ro sells EUR 4 mln of products in five hours on Black Friday
Tuesday, November 29, 2011
Romanian online retailer eMag generated EUR 4 million in sales on the Black Friday morning, when it discounted some prices by up to 60 percent. The campaign, that started at 5,00 hours in the morning, generated 34,000 sales until 10,00 hours, of which 28,000 from the Black Friday offer, the company has announced.The retailer’s website had 400,000 unique visitors – around 2 percent of Romania’s population. The high number of visitors blocked its servers- displaying the message in ...
MDRT examines possibility to open again representative office for Romania's tourist promotion in Israel
Tuesday, November 29, 2011
The Ministry of Regional Development and Tourism (MDRT) examines the possibility to open again the representative office for Romania's tourist promotion in Israel, said relevant Minister Elena Udrea after her meeting Stas Misejnikov, Israeli Minister of Tourism, in the context of the Romanian-Israeli joint government meeting being organized in Jerusalem. 'Following the talks we held and the numerous requests we got, we are examining the possibility to open again the representative ...
GfK report: Durable goods market in Romania reaches EUR 347 mln in the third quarter
Tuesday, November 22, 2011
The durable goods market in Romania posted a double digit growth in the third quarter of the year, which was also the third quarter in a row of growth for this market, according to the recent GfK TEMAX report. It reached EUR 347 million in Q3 this year, while staying at EUR 306 million in the second quarter. The market posted a growth of 11.5 percent in the first nine months of 2011 compared to the same period last year.The IT segment in Romania recorded a growth of 26.6 percent ...
Carrefour opens in Botosani its 25th hypermarket in Romania
Tuesday, November 22, 2011
The largest retail group in Europe, Carrefour, opens on Tuesday its first hypermarket in Botosani (north-eastern Romania), the twenty-fifth in Romania, Francois-Melchior de Polignac, Carrefour Romania managing director, told a press conference on Monday, November 14. The new hypermarket located at Botosani Shopping Center will have a shopping surface of 7,000 square metres and a parking lot of 600 places. It will accommodate 200 jobs. 'Our target is to get as close as ...
Colliers: EUR 300 mln real estate deals in the pipeline in Romania
Tuesday, November 22, 2011
Several real estate deals worth around EUR 300 million are currently in the due diligence phase in Romania and should be finalized in the next four months, according to Colliers International Romania.“Victoria City represents a major deal for the Bucharest real estate market and for Romania in general, being the first joint-venture for a shopping center signed in Bucharest in the last four years,” said Blake Horsley, Director Investment Services with Colliers International Romania, ...
Minister of Transports Anca Boagiu: In 2013 Romania will have network of more than 900 km of motorway
Tuesday, November 22, 2011
Minister of Transports and Infrastructure Anca Boagiu told the plenary meeting of the Chamber of Deputies on Monday, during the debate on the simple motion titled 'Ribbons of Minister Boagiu,' where she resorted to a graphic and video presentation of her projects, that in 2013 Romania would have more than 900 km of motorway.'If we were to sum up, 313 km existing in Romania plus another 638 km that are practically built today, without considering the contracts that are to be ...
European Commission approved Lugoj-Deva motorway stretch funding
Tuesday, November 22, 2011
The European Commission approved funding for the motorway stretch linking Lugoj to Deva (central-western Romania), Minister of Transport and Infrastructure Anca Boagiu said in the county of Hunedoara on Tuesday, where she assessed the phase in the building works for the motorway located on the 4th European corridor.'It is a contract of 150 million euros, that adds to 724 million euros already approved and signed with the European Commission. We actually are close to a billion euros ...
Road building and design works, worth 2.2 billion lei, initiated in November through PNDI
Tuesday, November 22, 2011
The technical designs and the execution details for 216 km of major district roads (county roads) and 1,495 minor district roads (local roads) by the National Programme of Infrastructure Development (PNDI) started in November 2011, with the total value of the contracts signed amounting to 2,253 billion lei, VAT-included, reads a release of the Ministry of Regional Development and Tourism (MDRT). The works are performed during the projects and include 10,000 km of major and minor ...
Minister Vreme: Romania is ready to migrate towards cloud computing technology
Tuesday, November 22, 2011
Romania is ready to migrate towards cloud computing technology, providing a more effective relation between the citizen and the administration by reducing costs, but also the bureaucracy, said Minister of Communications and Information Society Valerian Vreme on Friday during a working visit paid to the Global Centre of Technical Support of Microsoft Romania.'By using a cloud computing infrastructure, you become more effective and cheaper. In my opinion, Romania is ready to migrate ...
Investment of 1.5 million euros for modernization of Domogled Hotel in Herculane Bath Spa
Tuesday, November 22, 2011
Domogled Hotel tourist unit in Herculane Bath Spa will be classified in the three-star category, after an investment of 1.5 million euros will be completed, announced in a press release Sind Tour Trading STT , this hotel administrator. According to the quoted source, following this investment, the treatment facilities are to be rehabilitated, brought up-to-date and newly equipped, estimated to become an attraction in the area. As well, as a result of the investment, the hotel and ...
Limited-edition Dacia Lodgy to be unveiled in Geneva in early 2012
Tuesday, November 22, 2011
Carmaker automobile Dacia based in Pitesti (southern Romania), will launch the limited-edition of Dacia Lodgy, the first monovolume type of car produced by the company, in March 2012, at the Geneva Auto Show, according to a release send by Dacia.The new model was recently unveiled in Paris, namely its rally version, as the French producer announced the participation in the competition for the Andros Trophy.Dacia will compete with two rally vehicles Lodgy Glace, but also ...
Gov't earmarks 311-million-euro treasury loan to subsidise farmers
Tuesday, November 22, 2011
The Government on last Wednesday passed a decision under which a treasury loan worth more than 311 million euros is being earmarked to continue to subsidise Romania's farmers. Prime Minister Emil Boc says 149 million euros of the loan will be advance payment on per-area payments to 400,000 farmers.The money will be cashed from the European Commission and returned to the Budget, says Agriculture Minister Valeriu Tabara.He mentioned that the total amount is RON 1.358 billion (some ...
Health min.: Romanian daily smoking prevalence down to 22pct in 2011 from 29.7pct in 2003
Tuesday, November 22, 2011
The daily smoking prevalence in Romania dropped to 22 percent this year from 29.7 percent in 2003, reveals a survey conducted by the Health Ministry with the support from the Bucharest-based Lung Diseases Institute made public on Thursday, when Romania marks the National Non-Smoking Day.The Day, marked every year on the third Thursday of November, is aimed at raising the Romanians' awareness as to the risks incurred by tobacco use as well as to the right of every one of us to live ...
Over a million and a half Romanians affected by diabetes
Tuesday, November 22, 2011
There are 1.506 million people affected by diabetes in Romania and, by 2030, their number will increase by 200,000, according to the 5th edition of the Atlas of Diabetes, informs a press release of the International Association of Drug Manufacturers (ARPIM). In 2011, less than 50 percent of patients (590,059 patients) were treated, a number lower by 25,000 as against the one in 2010. In terms of diabetes care, our country ranks 26th of the 27 EU member countries. ...
Karpaten expects 20pct rise in number of Danube cruises next year
Tuesday, November 15, 2011
The number of Danube cruises will rise about 20% in 2012, with the bulk of foreign vacationers coming from Germany, Austria and the U.S., Karpaten Tourism Outgoing Manager Alexandru Marginean declared on Tuesday, while attending the 2011 World Travel Market Fair 2011 in London.'Karpaten replaced the Danube Delta cruise providers and will add another three cruise ships to the existing two. There will be a 10 - 20 pct rise in the number of Danube cruises next year. Most foreign ...
GfK Study: Romania's home consumption of consumer goods increased by 6%
Tuesday, November 15, 2011
Romania's home consumption of consumer goods increased by 6% in local currency in the first six months of 2011 compared with the same period of the last year. This increase was influenced primarily by the high level of inflation. In volume, the market recorded a decline of nearly 2% while the phenomenon of down-trading (migration toward products in a lower price segment) is yet recorded.Analyzing the main categories of products, GfK observed that the basic food segment was most affected ...
Romania showcases local tech community at Internet conference
Tuesday, November 15, 2011
Romania has become attractive for startups thanks in part to a flat tax and a high level of IT ability, the Internet Society Romania's chief told Deutsche Welle. He says his country is a hotbed of online activity. On last Wednesday, the Internet Society Romania opened the latest INET conference, one of the major Internet conferences that take place a few times per year throughout the world. The Internet Society is a non-profit organization that helps shape global Internet policy and ...