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Romanian market for premium wines valued at over 30 million euros
Tuesday, October 4, 2011
The value of the Romanian market for imported luxury wines is exceeding 30 billion euros, with the biggest share of the imports coming from France and Italy, owner of Le Manoir, a leading local trader of premium wines, gastronomical products and luxury gifts Cristian Preotu said.'When we talk about the value of the local Romanian market for premium wines and gastronomical products we talk about several segments. For instance, there is a market of nearly 15 million euros for French ...
Tabara: Romania has food safety through agriculture
Tuesday, October 4, 2011
Romania has food safety through its agriculture and in this millennium it can be a supplier of produce for other regions of the world too, Minister of Agriculture Valeriu Tabara told the international symposium dealing with 'Prospects of the Agriculture of the Third Millennium,' which was organized by the University of Agricultural Sciences and Veterinary Medicine in Cluj-Napoca (north-west of Bucharest) on Thursday.'This year has seen the combination of the pedoclimatic conditions ...
More than half of rapeseed production goes to export
Tuesday, October 4, 2011
More than half of the production of rapeseed in Romania, gathered in 2011, is to be exported, on demand, to a single country, namely Austria, said on Thursday, in a press conference, Minister of Agriculture and Rural Development (MARD) Valeriu Tabara. 'Production of rapeseed was this year of 860,000 tons and almost all is sold at this time. Only one country, Austria, asked Romania to export 480,000 tons there, namely half of the harvest. Rapeseed is one of the crops which is well ...
Romanian PM asks Ministry of Agriculture to complete silos as fast possible
Tuesday, October 4, 2011
Romanian Prime Minister Boc spoke highlighted the importance of silo construction in Romania over the weekend. The Prime Minister emphasied that by building silos, Romanian can help producers sell cereals at a fair price.In his speech, the Romanian Prime Minister said "First, I am glad that there is European money and Romanian money, invested in such works that on the one hand help to have a grain storage capacity in Romania, to help the true producers to sell grain at a fair price for that ...
Gov't passes land improvement reorganisation ordinance
Tuesday, October 4, 2011
The Government has approved an emergency ordinance concerning the organisation of the land improvement business under which a National Land Improvement Agency (ANIF) is created as a public institution with legal personality operating under the authority of the Ministry of Agriculture and Rural Development.Under the new ordinance, the ANIF is established by reorganising the National Land Improvement Administration, which will be disbanded when the handover protocol is signed. The ...
Fourteen pct. more Romanian tourists, till July
Tuesday, October 4, 2011
By 14 percent more Romanian tourists were accommodated in the tourism units, at home, during the first seven months of the year compared to the same time span last year, State Secretary at the Ministry of Regional Development and Tourism (MDRT) Eugen Curteanu said during the inaugural ceremony of the Winter Holiday 2011 International Tourism Fair, on Thursday.The Romanian tourism units registered by 29 percent more Romanian tourists in July 2011 than over the same month, in 2010, ...
EBRD extends loan of 13.4 million euros to improve water infrastructure in Dambovita County
Tuesday, October 4, 2011
Over 170,000 residents of Romania's most densely populated county, Dambovita, will gain access to clean water and a modern water supply and wastewater service, with financial support from the European Bank for Reconstruction and Development (EBRD), EBRD reported in a press release on Friday. EBRD is providing a 13.4-million-euro local currency equivalent loan to Compania de Apa Targoviste-Dambovita to upgrade and expand its water services in Dambovita. The loan is part of the ...
Transports Minister meets British Secretary of State for Business Environment
Tuesday, October 4, 2011
Romanian Transports and Infrastructure Minister Anca Boagiu on Thursday met UK Secretary of State for Business Environment Vince Cable, the discussions focusing on the cooperation between the two states in the field of transports.The discussion topics also aimed at the opportunity and prospects of the expertise transfer in the fields of railways and ports, the current stage of European funds employment and the effects of the future budget of the European Union for the period ...
Government approves second agreement for modification of Transylvania Motorway contract
Tuesday, October 4, 2011
The government on last Wednesday approved the second agreement of modification of the contract for the construction of Brasov-Cluj-Bors Motorway, said at the end of the government meeting Minister of Transport Anca Boagiu.'Compared to previous prices, the savings to be made to the state budget is six billion euros. If we had continued to work with original contract prices, the total cost of the highway would have been 10 billion euros. Another extremely important clause, also ...
Only over 55% of Romania's population, linked to public water supply
Tuesday, October 4, 2011
The population served by the public water supply stood at 11.931 million people in 2010, up by 140,517 people compared with 2009, which represents 55.7% of the Romania's population, show data from the National Statistics Institute (INS).In the eight development regions, the biggest share of the population served by public water supply, of the total population, belongs to Bucharest-Ilfov region southeast with a rate of 79.2%, followed by the West region with 64.4%.In 2010, ...
Contract of 43.8 mln euros for investments in river area Crisuri
Tuesday, October 4, 2011
The Ministry of Environment and Forestry MMP signed on Monday the first contract included in the National Infrastructure Development Programme PNDI, referring to services and execution of works for investment objectives in the river area Crisuri (west), totaling 43.8 million euros. 'It is a new concept offering financing for the development of flood-preventing strategies and not only in the 11 river areas in the country. For the beginning, we speak about a first contract for river ...
EC nod for EUR 724 mln in non-reimbursable financing for Nadlac-Arad, Orastie-Sibiu motorways
Tuesday, October 4, 2011
The European Commission (EC) approved EUR 724 million worth of non-reimbursable financing from European funds over the interval 2011 - 2013 for the construction of the Nadlac-Arad (west) and Orastie (west) - Sibiu (center) motorways, the Ministry of Transport and Infrastructure (MTI) informs.The European Commission released the decisions approving the financing from the EU Cohesion Fund for the construction of Pan-European Corridor IV motorway stretches Nadlac-Arad and Orastie-Sibiu. ...
Romania ranks second in the world at internet download speed
Tuesday, September 27, 2011
Romania ranks the second, after South Korea, in the ranking of the countries with the fastest internet download speed, according to a study made by Pando Networks, quoted by The NY Times. Romania is followed by Bulgaria, Lithuania and Letonia, while more developed countries such as Germany and The United States hold the 22nd, and the 26th positions, respectively. The average download speed on the internet in Romania is 15.27 Mbps while in South Korea it is 17.20 Mbps. On the other ...
Romania to contract two billion euros for road infrastructure projects
Tuesday, September 27, 2011
Transport Minister Anca Boagiu announced on Friday, during a meeting with the European Commissioner for regional development Johannes Hahn, that by the end of this year Romania will contract the entire allocation of two billion euros road for road infrastructure projects. 'In the coming weeks we will sign another eight contracts worth almost 350 million euros, which means that by the end of this year we have contracted the entire allocation of two billion euros for road ...
Romania Pharmaceuticals and Healthcare Report Q4 2011 - Return to High Single-Digit Growth in 2011 and 2012
Tuesday, September 27, 2011
Business Monitor International's (BMI) Romania Pharmaceuticals and Healthcare Report (Q4 2011) provides industry professionals and strategists, corporate analysts, pharmaceutical associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Romania's pharmaceuticals and healthcare industry. BMI has revised down projections for Romania's pharmaceutical market in 2011 to year-on-year (y-o-y) growth of +7.5% (previously +9.3%) in ...
Government approves emergency ordinance on tax clawback for medicine sale
Tuesday, September 27, 2011
The Government in the meeting on Wednesday approved the emergency ordinance for the modification of the tax clawback mechanism, which provides the compulsoriness of the medicine companies paying a contribution calculated in terms of sale volume for all medicines. The law will be coming into force starting on October 1, Minister of Health Ladisalu Ritli told a press conference at the Victoria Palace.'From the beginning I want to underline that the clawback mechanism does not mean ...
Government approves supplementing budget of Health Ministry, CNAS
Tuesday, September 27, 2011
The Government approved in its Wednesday's session two decisions on supplementing by 150 million lei (some 35 million euros), from the reserve fund at the Government's disposal, the budget of the National Health Insurance House (CNAS) and by 25 million lei (some 5.8 million euros) the budget of the Health Ministry for paying arrears for medicines and ensuring the functioning of preventive national programmes, Minister Ladislau Ritli told a press conference at Victoria Palace.The ...
Romanian camera market shoots for higher revenues
Tuesday, September 27, 2011
After a pronounced slowdown that started in 2009, the camera market in Romania has snapped back, encouraged by new launches and Romanians’ growing appetite for better technology. Sales figures are looking good but consumers are less likely to splash big cash without very carefully studying various offers and even resorting to specialist advice.“The total camera market was worth EUR 16 million in the first half of 2011, which means 20 percent more than in the same period last year,” ...
Romania Retail Report Q4 2011 - 18% Sales Growth by 2015
Tuesday, September 27, 2011
The Q411 BMI Romania Retail report forecasts that the country's total retail sales will rise by 18% between 2011 and 2015, growing from a predicted RON20.70bn (US$8.26bn) in 2011 to a forecast RON24.48bn (US$9.77bn) by 2015. Continuing wage growth, the consumer lending boom and rising disposable income following the introduction of a new flat rate of income tax are key factors behind retail market expansion. Romania's privatisation process since 1990 and EU membership since in 2007 have ...
Romania to participate in tourism pilot-project of European Commission
Tuesday, September 27, 2011
Romania will participate in a pilot-project of the European Commission EC which is aimed at promoting European destinations in the off-season, said on Thursday the EC vice-president Antonio Tajani, after his meeting with Minister of Regional Development and Tourism Elena Udrea. 'I am glad that Minister Udrea agreed to participate in a pilot-project of the EC, within which, along with authorities, numerous tour operators and private organizations have the objective to draw tourists ...