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Economic
Romanian Tourism Still In Crisis
Tuesday, May 31, 2011
Romania's tourism sector has not recovered from the crisis and the number of tourists who stayed in Romanian hotels was 20% lower in the first three months of this year, compared to the same period last year, said hotel and tour agency representatives in a conference on Wednesday. Romanian hotels put up 20% fewer tourists in the first quarter of this year, compared to the first quarter of 2010, said Radu Enache, owner of the Continental hotel chain and the new chairman of the Romanian Hotel ...
Romanian Govt To Up Clunkers Program Budget By 60,000 Scrapping Vouchers
Tuesday, May 31, 2011
Romania’s Government will supplement the budget for the country’s cash for clunkers program by 60,000 scrapping vouchers, Environment Minister Laszlo Borbely said Wednesday, at the end of the Cabinet meeting.The minister said the budget hike will likely be operated next week. He said current data indicates 120,000-140,000 old cars will be scrapped this year through the program.This year's program started in the second half of March and had an initial budget of 228 million lei ...
Romanian Online Store eMAG Starts Selling Books
Tuesday, May 31, 2011
Online store eMAG on Friday said it has widened its portfolio to include books, planning to become the top book retailer within the year. "Our target is to become the largest book vendor in Romania within a year at most," company development manager Radu Apostolescu said in a news release. The company said books are some of the first products sold online in Romania, but investment was limited on this segment so far."Given the upward trend seen by online book sales on an international ...
Romanian Food Processors Accept High Retail Slotting Fees Out Of Fear
Tuesday, May 31, 2011
Romanian food processors are afraid of the major store chains, which might take their products off the shelf, and therefore accept the highest slotting fees in Europe, said Valeriu Steriu, chairman of the presidential committee for agricultural policies.In a seminar on farming issues, on Friday, Steriu said a food producer's sales are liable to drop by 60-70% after its products are taken off the shelves of a retail chain. This threat always puts the producers at a disadvantage in ...
New Nokia smart phone with gold finishing
Tuesday, May 31, 2011
Nokia, the largest mobile phone manufacturer in the world, launched on Tuesday Nokia Oro, a smart phone with touch screen which will be available in Romania as of 15 July. The smart phone, a limited edition, has 18 karat gold plated trimmings and the menu button is a sapphire crystal. The phone costs 800 ...
Belfiore and Microsoft Romania confirm Windows Phone 'Mango' update, reveal new features
Tuesday, May 31, 2011
Joe Belfiore, (deep breath) Microsoft's corporate vice president in Windows Phone program management, has released more information on the upcoming Microsoft's Windows Phone update, codenamed Mango.Scout leaderAlong with I9 browser integration, the update will bring an all-encompassing, integrated 'Local Scout' feature, which will automatically locate and recommend restaurants, shops, and other points of interest based on your location.Get it ...
Some EUR 3.4 bln in European funding already in Romanian farmers' accounts
Tuesday, May 31, 2011
About EUR 3.4 bln have by now reached the accounts of Romanian farmers in payments for development, while 37 pct of the total EU funding for agriculture is earmarked for the Romanian agricultural sector, Minister of Agriculture and Rural Development Valeriu Tabara told a specialist conference on Tuesday. The cited official added that around two billion euros have been spent under the National Rural Development Programme (PNDR), while another four billion euros are engaged under the ...
Romania To Apply Reverse Taxation On Cereal Starting June 1
Tuesday, May 31, 2011
Romania will apply reverse taxation on cereal and plants with industrial use for about two years starting June 1, according to a draft emergency ordinance drawn up by the Finance Ministry.Last year, Romania requested derogation from EU regulations to apply reverse taxation on intra-community trade with cereals, fruit, vegetables, meat, sugar and bread. The European Commission rejected the request. In December 2010, the country told the EC it revised the list of products for which it ...
Only One Romanian Private Hospital Met 2nd Class Requirements
Tuesday, May 31, 2011
A single Romanian private hospital has been classed in category 2, 50 others in categories 4 and 5, and nine others have not yet been classed, out of the 66 private units that want to receive public funds, Health Minister Attila Cseke told MEDIAFAX .Cseke said there are 94 authorized private hospitals in Romania, of which 66 are interested in receiving public funds and must therefore be classed according to their abilities.Oradea's "Pelican" Hospital received the highest classification - ...
Over 500,000 phone numbers ported by mid-May
Tuesday, May 24, 2011
More than 500,000 telephone numbers in Romania were ported as of mid-May 2011, two and a half years after the portability service was launched in the country, reveal data released by Romania's National Authority for Communications Management and Regulation (ANCOM). According to the quoted source, the ratio between the ported landline and mobile numbers is about the same, with 68 percent of the total ported numbers (more than 340,000) being mobile phone numbers. Phone ...
IBM: Romanian market of Mid-market technology solutions, most dynamic in Europe
Tuesday, May 24, 2011
Romanian market of Mid-market technology solutions, which includes companies 1,000 employees at most, represents the most dynamic market in this respect in Europe, announced on Monday, in a press conference, head of the Mid-market Department for Romania of IBM, Marius Vasile. 'Mid-market companies want very much a business optimization, to boost employees' efficiency and to find new ways to reach to new customers. The Romanian market of Mid-market technology is the most dynamic in ...
Romanian Land Prices Down 16% In 1Q
Tuesday, May 24, 2011
Owners of inner city land for residential project development in Romania continued to decrease prices in the first quarter of the year, by up to 16%, under the pressure still felt from the economic crisis, according to realty ad portal imobiliare.ro. "Inner city plots are still in recession and prices are still registering some significant decreases," the company said in a news release. On the other hand, apartment prices rose by an average 0.97% in the first quarter, since the beginning of ...
Building A House In Bucharest Suburbs Costs Less Than EUR80,000
Tuesday, May 24, 2011
Building a 100 sqm house near Bucharest costs between EUR58,000 and EUR80,000, since the economic crisis slashed construction and plot prices, according to a study of Romanian realty website imopedia.ro. The results considered an average construction price, including finishes, of EUR400sqm, a 400 sqm plot and a 100 sqm house. "While building your own house in the suburbs of Bucharest was a trend under the real estate market boom, nowadays the difficult financing process and lowered income ...
Honda Trading Romania expands national dealer network
Tuesday, May 24, 2011
Honda Trading Romania expands its national dealer network starting in May, 2011, to the cities of Constanta (south-eastern Romania), Ploiesti (southern Romania) and Sibiu (central Romania), by signing a partnership contract with Grup Autoklass, shows a Honda Trading release.Therefore, through the recently signed partnership, the first official opening of a Honda centre operated by an Autoklass dealer will be taking place in Constanta, on May 19. Successively, the cities of Ploiesti ...
Romania's deficit in trade with agri-food products - 146m euros at end-February
Tuesday, May 24, 2011
Romania's deficit in the trade with agri-food products, in the first two months of 2011, exceeded 146.35 million euros, down by 43% compared with the same period in 2010, when it totaled 256.89 million euros, according to the data the Ministry of Agriculture and Rural Development (MADR) .In the first two months of this year, Romania exported agri-food products of almost 442.58 million euros, 1.6 times more than in the same period in 2010, while imports recorded a growth of 11.6%. ...
Fisheries authority official: Romania has large, still untapped fishing potential
Tuesday, May 24, 2011
Romania has a huge, still insufficiently tapped fishing potential, although there are currently 103 EU-funded national projects underway, said Thursday Nicolae Dimulescu, director of the Managing Authority for the Operational Programme for Fisheries (AMPOP) at the conference 'New financing opportunities for social and economic change in the Black Sea Basin - the Danube region.''At present, we have 103 projects (amounting to 93.465 million euros) underway in Romania and are ...
Romania to have 2.5 million hectares of certified woodland by end-August
Tuesday, May 24, 2011
By the end of this August, Romania will have 2.5 million hectares of certified woodland, officially marking the international recognition of the responsible wood management practiced by the Romsilva National Forestry Administration, the company's director general Valerian Solovastru said. 'By the end of August we will receive certification for approximately 2.5 million hectares of forest under the state's public ownership and which is being managed by Romsilva. The certification is ...
Over a million farmers have submitted payment requests for 9.2 mln hectares, in 2011
Tuesday, May 24, 2011
Romanian farmers have submitted, in the period March 1 to May 16, 2011, a number of 1.04 million payment requests for an area of about 9.2 million hectares, under the requests campaign for the Single area payment scheme SAPS 2011, announced on Tuesday, in a press conference, Director General of the Agency for Payments and Intervention for Agriculture (APIA), Florin Marius Faur. Most applications, respectively 1.026 million, were filed electronically via Online IPA payments. ...
Illegal Spirits Sales In Romania Reached About EUR750M In 2010
Tuesday, May 24, 2011
Illegal spirits sales in Romania stood at between EUR700 million and EUR750 million last year, or 60% of the overall spirits market, according to the Garant association comprising most of the players on the spirits market. Garant president Romulus Dascalu told a news conference Tuesday that tax evasion on the spirits market increased over the past years. According to Dascalu, legal spirits sales on the local market stood at about EUR500 million in 2010. The number of excise stamp for spirits ...
Blue Air to start nonstop flights to Dublin and Rome
Tuesday, May 24, 2011
Blue Air carrier will start on July 1 nonstop flights from Cluj Napoca to Dublin and Rome, the company reports. The Cluj-Napoca-Dublin-Cluj-Napoca flight will operate on Friday and Sunday, while the Cluj-Napoca-Rome-Cluj-Napoca flights will be available on Wednesday, Friday and Sunday.Blue Air is the only smart flying company running on 100 percent private Romanian capital. The company is licensed to operate regular domestic and foreign passenger flights, charter flights upon ...