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Fresh fruit, potatoes, honey, sugar, water, sewerage and waste, highest price hikes in May
Tuesday, June 21, 2011
Fresh fruit, potatoes, sugar, honey and water, sewerage and waste disposal witnessed the highest price hikes in May compared to April, according to data released by the National Institute of Statistics. (INS). The food price rose by an average 0.21 percent. Fresh fruit prices soared by 6.71 percent, the potatoes by 3.59, honey by 1.41 percent and sugar by 1.24 percent. The price of eggs dropped 6.41 percent, canned vegetables dropped 1.73 percent, sheep cheese, 0.61 percent and cow ...
Over 120 mln euros of European funds to develop subsistence farming
Tuesday, June 14, 2011
As many as 16,104 projects have been declared eligible to receive funding from European funds by submitting for the Measure 141 - ‘Supporting semi-subsistence agricultural farms' under the National Rural Development Program (PNDR), with the all-in value of the selected projects accounting for 80 percent of the funds worth 150 million euros for the session Oct.Nov. 2010, according to the data published on the website of the Ministry of Agriculture.Some 16,403 projects have been ...
Woodland planting on 8,000 ha in 2011
Tuesday, June 14, 2011
Roughly 8,000 ha of land will be planted with woodland in Romania this year, the contracts having been signed for half of this surface, president of the Environment Fund Administration (AFM) Gheorghe Popescu said on Tuesday. The AFM president added that Romania is still lacking green areas and is much below the European average.'We have ten square metres of green space per capita at the moment as the European average goes as high as 16 square metres per capita,' Gheorghe Popescu ...
EU funds absorption rate in transport up 130.6 pct from Sept. till June
Tuesday, June 14, 2011
The absorption rate of the European funds assigned Romania via the Transport Sectoral Operational Programme was up 130.6 percent from Sept. 2010 till June 2011, reaching 4.22 percent, says a release issued by the Ministry of Transport and Infrastructure.The European funds absorption rate via the Programme was of 1.83 percent on Sept. 10, 2010 and it reached 4.22 percent on June 1.As many as 44 financing contracts have been signed by June 1, totalling 3.697 billion lei, up by 126 ...
Court Suspends Fine Against Romanian Mobile Operators Orange, Vodafone
Tuesday, June 14, 2011
The Bucharest Court of Appeals on May 19 suspended the execution of a decision by the Competition Council, whereby mobile operators Orange Romania and Vodafone Romania, are to pay fines in the combined amount of EUR63 million. Competition Council president Bogdan Chiritoiu told MEDIAFAX that the two operators submitted a guarantee worth 30% of the fine, to be allowed to request the decision's suspension. He added that the Council is waiting for the court's explanatory statement and will then ...
Romanian Visible Trade Deficit Widens In April
Tuesday, June 14, 2011
Romania's visible trade deficit increased from last year in April, data from the National Institute of Statistics showed Thursday.The merchandise trade deficit rose to EUR 897.3 million in April from EUR 885.1 million in the previous month. Export of goods increased 16.7 percent year-on-year to EUR 3.38 billion. Exports to the European Union (EU) countries advanced 17.4 percent annually, while shipments to the non-EU countries increased 14.8 percent during the month. Imports grew 13.1 ...
Romanian Beer Sales Down 2% In First Quarter 2011
Tuesday, June 14, 2011
Sales of beer in Romania dropped by 2% in the first quarter, compared to the same period of last year, and by 25% compared to the first three months of 2008, which was the best year for the industry, said Constantin Bratu, executive manager of the Berarii Romaniei association.Sales of beer in Romania dropped by 2% in the first quarter, compared to the same period of last year, and by 25% compared to the first three months of 2008, which was the best year for the industry, said ...
U.S. Carmaker Ford Starts B-Max Prototype Production In Romania
Tuesday, June 14, 2011
Carmaker Ford has started the production of the B-Max minivan prototypes at its car plant in Craiova, southern Romania, people close to the matter told MEDIAFAX Sunday.According to the source, the U.S. carmaker will produce over 70 B-Max prototypes in Romania this summer.The car parts needed to assemble the B-Max models were produced at Ford's car plants in Germany.The B-Max minivans will be tested soon in Belgium, at Ford Lommel Proving Ground and in other countries. After tests are ...
Best sold imported cars in Romania
Tuesday, June 14, 2011
Volkswagen took over from Ford the top position of the best sold imported cars in the Romanian market in the first four months of the year. Skoda climbed by two positions from fourth and Renault remained on the third, according to data of the Association of Car Producers and Importers.The American manufacturer dropped on fourth position and is followed by Opel.With 2694 units sold, Volkswagen is the leader, almost double the number of units sold by Ford (1356) which recorded the ...
Romania Dacia Registrations In Spain Fall 34% In Jan-May
Tuesday, June 7, 2011
Spanish car importers’ association ANIACAM Wednesday said new registrations of Romanian-manufactured Dacia model fell 34% on the year to 5,771 units in January to May, amid an overall market decline of 26.5%. The carmaker, owner by France's Renault, sold 3,071 Dacia Duster on the Spanish market in January to May, 2,270 Logans and 430 Sanderos. Dacia's market share in Spain decreased to 1.6% at the end of May, from 1.8% in the year-earlier period. In May alone, Dacia registrations on the ...
Romanian Dacia Sales In Turkey Up 71% In Jan-May, To Over 8,600 Cars
Tuesday, June 7, 2011
Renault Mais, the Turkish producer and distributor of the French auto giant, sold 8,625 Dacia cars during the first five months of the year, up 71% from the same period the year before, said Ibrahim Aybar, general manager of Renault Mais, cited by Turkish daily Hurriyet. Dacia ended last year with a total of 19,168 sales in Turkey, including 13,230 passenger cars and 5,938 light commercial vehicles. Aybar said the brand increased its market share to 2.36% and 2.4% in these categories, ...
Romania April Tourist Arrivals Up 5.1% On Year
Tuesday, June 7, 2011
Tourist arrivals in Romania rose 5.1% in April from the year-earlier month, while tourist accommodations were up 2.2% on the year, the statistics institute INS said Friday.Residents accounted for 74.8% of total arrivals at accommodation establishments in April, while foreigners made up for the reminder 25.2%.The large majority of foreign visitors (94.3%) came from Europe, the data showed.Numbers of Romanian tourists traveling abroad declined 4.5% on the year in April.In January to ...
Hilton to open three hotels in Romania in 2011
Tuesday, June 7, 2011
This year Hilton will open three hotels in Romania, in Oradea (western Romania), Bucharest and Ploiesti (southern Romania), announces the company, which, at the end of last week, signed a management contract for a unit in Cluj-Napoca (central-western Romania).The international hotel chain will thus reach the number of seven units opened or pending to be launched nationwide, reads the Financiarul daily (www.financiarul.com).'Hilton Worldwide announces the signing of a ...
Agriculture Minister Valeriu Tabara: Romania is in line with the 27 EU states, as agricultural power
Tuesday, June 7, 2011
Romania is in line with the 27 European Union (EU) member states as an agricultural power, not only due to the soil and climate conditions, but also to the valuable agricultural quota, Agriculture and Rural Development Minister Valeriu Tabara told a seminar on agriculture on Wednesday. 'The soil and climate conditions, but also the valuable agricultural quota make Romania a country with potential and a guarantee of performing cooperation in agriculture. Romania is in line with the ...
Reverse taxation on grains to save state budget millions of euros
Tuesday, June 7, 2011
There are good chances for reverse taxation on grain transactions, effective as of this year, to save the public budget several hundreds of millions of euros, but also to boost the amount of foreign currency receipts from exports, says Mihai Ionescu, Secretary-general of the National Association of Romanian Exporters and Importers (ANEIR), and co-chair of Romania's Export Council. Beginning this Wednesday, all invoices between suppliers and buyers in the grain sector will be issued ...
Contrast Management-Consulting: Romanian FMCG retail market to keep gaining 5 percent annually by 2020
Tuesday, June 7, 2011
The Romanian fast moving consumer goods (FMCG) retail market will maintain its accelerated growing rate by roughly 5 percent up to 2020, according to Contrast Management-Consulting. According to them, the market is evaluated at roughly 16 billion euros in late 2010 with this market remaining the most dynamic market in Central and Eastern Europe. The analysis performed by the company indicates that Romania reported the highest growth of the retail market in Central and ...
Romanian Organic Food Market Seen Up 20% This Year From EUR45-50M In 2010
Tuesday, June 7, 2011
Romania's organic farming product market could grow this year by 20%, from EUR45-50 million in 2010, thanks to higher demand, said Marian Cioceanu, head of the "Bio Romania" association of organic farmers.Cioceanu said internal consumption of organic foods amounted to EUR45-50 million in 2010, with imported products accounting for around EUR35 million. According to the association's data, exports of organic food were worth EUR150 million last year. Foreign demand for organic food ...
European funding for an infrastructure project in Brasov
Tuesday, June 7, 2011
'Coresi Economic Zone Access Roads ' project, funded under the Regional Operational Programme (ROP) 2007-2013, Priority Axis 'Support to sustainable development of urban growth poles', was signed on Friday, in Brasov North of Bucharest , by the Minister of Regional Development and Tourism, Elena Udrea. 'It is an important project financed from European funds for the city of Brasov, which is part of the Integrated Plan of Urban Development. The Regional Operational Progrmme has ...
Gov't approves 12 investment projects in flood protection field
Tuesday, May 31, 2011
The Government has adopted in the meeting, on Wednesday, a Decision on the technical economic indicators for 12 priority investment projects in the field of environment infrastructure and water management, funded from the National Programme for Development of Infrastructure, in the amount of 647,967 million lei. According to a press release of the Ministry of Environment and Forests, all the 12 investment objectives are designed to prevent the destructive effects of high water ...
Danube-Black Sea Canal makes EUR 1 ml in annual profits
Tuesday, May 31, 2011
To mark the 27th anniversary of the opening of the Danube - Black Sea and the Poarta Alba - Midia Navodari canals to navigation, the Navigable Canals Administration (ACN) organized on last Tuesday at the Constanta Maritime University the event 'How it was made.' The guests attending the event spoke about the construction of the navigation thoroughfare, 'a 100 pct Romania-made product of top importance for both the country and Europe, said CN ACN SA director general Ilie Valentin ...