Economic
Wizz Air increases flight frequency on Cluj-Napoca - Rome route
Tuesday, May 24, 2011
Wizz Air, the largest low-cost airline in Romania and in Central and Eastern Europe announced on Friday the increase in flight frequency on the Cluj-Napoca - Rome Fiumicino route. According to the company, as of June 18, Wizz Air will increase the number of flights from 3 to 5 per week. 'Wizz Air is increasing the frequency on the Cluj-Napoca - Rome route in response to the demand recorded in the area,' said György Abrán, the commercial manager of Wizz Air. In parallel ...
Bucharest Subway Operator Eyes Mainline Extension For EUR300M
Tuesday, May 24, 2011
Bucharest subway operator Metrorex wants to add two stations to the M4 line, as well as a terminal hub with a parking lot, dispatcher and bus station, through an investment of about 1.22 billion lei (EUR296 million, VAT included).The contract will run for four years and will be financed through a loan from the European Investment Bank, the state budget and Metrorex's sources.The M4 line has four stations at the moment - Gara de Nord 2, Basarab 2, Grivita and 1 Mai. Two more stations will be ...
April's new vehicle registrations down 34 pct y-o-y
Tuesday, May 17, 2011
The number of new vehicle registrations fell significantly in April 2011 to 6,803 units, marking a 34.4 pct decrease from the similar period of 2010, shows data of the Driving Licenses and Vehicle Registration Department (DRPCIV) published on Wednesday. According to statistics, this April too Dacia remained the best selling make with 1,072 units, a figure however more than 70 pct below that registered in April 2010. Next in the ranking are Volkswagen - with 737 units ...
Romania To Modernize 16 Train Stations For EUR280M
Tuesday, May 17, 2011
Romania will modernize 16 train stations within a program worth a total EUR283 million, the Government decided Wednesday.Works will be funded with EU money, through the Regional Development Fund, and money from the state budget, through the Ministry of Transport and Infrastructure.The project, whose indicators were approved in Wednesday's Cabinet meeting, will cover the rehabilitation and modernization of train stations Alexandria, Bistrita, Botosani, Braila, Calaraşi, Giurgiu, ...
Carpatair to operate direct flights between Constanta and Istanbul, starting June 15
Tuesday, May 17, 2011
Romanian Carpatair Airlines will operate direct flights between Constanta (south-east) and Istanbul, starting July 15, Company sources inform.Carpatair is the first airlines company flying between Constanta and Istanbul. Thus, Constanta becomes the sixth Romanian operational base and where Carpatair introduces direct flights abroad.The new Constanta - Istanbul (Ataturk) route will operate starting June 15, this year, and will number three flights a week, namely on Wednesday, Friday ...
Romania To Pay RON737M Of Arrears Amassed By Roads Authority CNADNR By End-June
Tuesday, May 17, 2011
The Romanian Transport Ministry will pay by the end of June 737 million lei (about EUR181 million) of arrears amassed by national roads authority CNADNR due to investment projects, according to Romania’s draft letter of intent to the International Monetary Fund (IMF). According to the document, the roads authority will sack 622 employees by end-June.Jeffrey Franks, head of the IMF mission to Bucharest, said Monday the Government must continue structural reforms, particularly in the arrears ...
Gov't takes measures to implement 283 mln euros worth of transport projects
Tuesday, May 17, 2011
The Government on last Wednesday approved a set of measures required for the approval and implementation of projects totalling 283 million euros relating to the rehabilitation, upgrading of and equipping railway stations and sections with high-performance devices, Government's spokeswoman Ioana Muntean announced.'It is about projects financed by European funds, via the Transport Sectoral Operational Project totalling 283 million euros', Muntean said. The Government approved the ...
Romanian-Bulgarian joint project on Danube water quality worth almost 15 million euros
Tuesday, May 17, 2011
The joint selection committee of the Romania-Bulgaria Cross-Border Cooperation Programme 2007-2013 approved the strategic project Danube Water, integrated management of water, worth 14.98 million euros. It was submitted within the second appeal of strategic projects, informs a release issued by the Ministry of Regional Development and Tourism in Romania. About 12.7 million euros of the total value of the project come from the European Regional Development Fund. The project will be ...
Pirated software in Romania amounts to 195 M USD, in 2010
Tuesday, May 17, 2011
Unlicensed software installed on PCs in Romania reached 195 million USD, in 2010, which means 64 percent piracy rate, reads the global survey assessing the software piracy situation throughout the world that Business Software Alliance (BSA) carried out for 2010. 'Figures say that although the software piracy rate in Romania fell, it is still much to do in the respect,' BSA lawyer Magda Popescu said.This year's study of the PC software piracy is the eighth to be conducted by the ...
Totalsoft develops 100% Romanian B2C application
Tuesday, May 17, 2011
Totalsoft regional software maker, a member of Global Finance announces the launch of the first business to consumer (B2C) application in the Company's history, and that can be a daily activity planner.The application's name is Tasky and it can be also adjusted to business to business (B2B) and it runs on any smartphone or iOS compatible PC tablet. Tasky is a stand-alone application, but it can be easily synchronized with other professional planning solutions (like MS Outlook), ...
Eurobarometer survey : Almost Half Of Romanians Did Not Go On Holiday Last Year
Tuesday, May 17, 2011
Almost half of Romanians (46%) did not take a holiday trip last year, most (62%) because of financial reasons, according to a Eurobarometer survey on the attitudes of Europeans towards tourism, which shows things improved overall in 2010.As for this year, 33% of the Romanians questioned answered they will spend their holiday inside the country, 19% said they will go to other European Union state, 13% - outside the EU, while 34% will not leave or were not sure. Among those with certain ...
New PNDR change request submitted to EC aimed at upgrading farms and agricultural products valuing systems
Tuesday, May 17, 2011
Minister of Agriculture and Rural Development Valeriu Tabara asked the European Commission (EC) to approve a new amendment to the National Programme for Rural Development (PNDR) 2007-2013, the sixth, for financing more investments in the aim to modernize farms and agricultural products valuing systems. 'We want a sixth amendment to the National Programme for Rural Development 2007 - 2013 in order to provide more money for investments, earmarked for modernization of farms and of the ...
Minister Valeriu Tabara: Romania agrees with French-German point of view on new CAP
Tuesday, May 17, 2011
Romania agreed with the French-German point of view on the new Common Agricultural Policy (CAP) 2014-2020, Agriculture and Rural Development Minister Valeriu Tabara said on last Tuesday.'Concerning the new Common Agricultural Policy we agreed with the French-German point of view, with which we have common points in over 90 percent of the issues presented by the two states. Moreover, together with Germany, the Great Britain, the Czech Republic and Slovakia, we have signed a joint ...
GfK Survey: Vicinity To Home Or Workplace, Prices – Romanians’ Main Store Choice Criteria
Tuesday, May 17, 2011
Most Romanians choose the stores where they spend the largest amount of money considering the stores’ location, whether they are close to or far from their home or workplace, as well as prices, according to a survey conducted by GfK.Most of those whose main shopping criterion is the distance between stores and their home or workplace are aged between 45 and 55, received higher education or live in capital Bucharest. About 46% of respondents said prices represent a key ...
Study: Romanians' most trusted brands in 2011: Dacia, Nokia, BCR, Petrom
Tuesday, May 17, 2011
The Trusted Brands study, on its 11th European edition held late on Wednesday, named Romanians' most trusted brands.When it comes to automobiles, Romanians are choosing the Dacia brand, while for their personal computer, they stick to the same choice in 2011 too, namely the Dell firm. Orange is the most popular mobile phone operator, Nokia is Romania's favourite mobile phone and Sony the best camera.Romanians choose the Romanian Commercial Bank (BCR) to keep their savings ...
AREV high level meeting to be held in Arad in September
Tuesday, May 10, 2011
The city of Arad (western Romania) will host a high-level meeting of the Assembly of European Wine-Producing Regions (AREV) in September this year, said vice-chairman of the Arad County Council (CJ) Adrian Tolea. The decision was made during the last session of the AREV International Council, held at the end of last week in Toledo, Spain, a Romanian delegation attending. 'In the opening plenary session of the AREV, president Jean-Paul Bachy said they took the invitation ...
Vodafone Romania launches Samsung Galaxy Tab 10.1v
Tuesday, May 10, 2011
Vodafone Romania has added a new product to its portfolio. The company has launched the Samsung Galaxy Tab 10.1v. Running on Android 3.0 OS, the tablet is available at prices starting from US$605 (VAT included) along with a two-year subscription for ‘Internet Nelimitat Extra.’ The offer is available to both new customers as well as those renewing their ...
BitDefender Internet Security 2011 named most secure antivirus in Q1, 2011
Tuesday, May 10, 2011
BitDefender Internet Security 2011 was named the most secure antivirus program from Romania in the first quarter of 2011, following the tests conducted by the organization AV-Test.org.The leader of the Romanian information security market achieved the best results in the first three months of 2011, following a report that analyzed the results of 22 security products.The assessment took into account the assured protection level, the repair of the system after a malware ...
Romania’s Construction Market Needs Infrastructure Works To Revive
Tuesday, May 10, 2011
Recovery for Romania’s nearly-flatlined construction segment depends on investment, project selection and improved legislation, as the market is “running out of companies to go bankrupt”, Thursday said Cristian Erbasu, president of construction employers' association PSC."While two-three years ago this was the most prosperous activity in Romania and we were envied, right now the situation is critical. (...) The situation on the construction market will be extremely difficult until large ...
Three Turkish Companies Interested In Building Private Hospitals In Romania
Tuesday, May 10, 2011
Three Turkish companies are looking to build private hospitals in Romania, including one specialized in cancer treatment, but these investments could be blocked by the lack of mutual recognition of medical licenses. Ion Pascu, the Romanian ambassador to Ankara, said at least three large Turkish groups are considering building hospitals in Romania. One such company built an ophthalmology clinic in Bucharest last year, he said. According to the ambassador, one of the interested companies is ...