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Statistics: Romania November Adjusted Retail Sales -1.3% On Month
Tuesday, January 11, 2011
Romanian adjusted retail sales fell 1.3% in November compared with the previous month, on lower fuel and non-food product sales, the statistics institute INS said Thursday.In October, retail sales were down 3.5% on the month in data adjusted for the number of working days and seasonal factors.Fuel sales dropped 2.7% in November from a month earlier, while non-food sales were down 1.7%. Sales of food, drinks and tobacco rose 2.8% on the month in November.In annual terms, adjusted retail sales ...
Eurostat: Romania November Retail Sales Post Largest Annual Drop In EU
Tuesday, January 11, 2011
Romanian retail sales fell 8.9% on the year in November, the largest decrease in the European Union, official data showed Thursday.EU retail sales fell 0.8% in November compared with the year-earlier month, EU's statistics agency Eurostat said.Among the member states for which data are available, total retail trade rose in 12 and fell in 5. The highest increases were observed in Poland (+11.8%), Latvia (+8.1%) and Estonia (+7.5%), and the largest decreases in Romania, Bulgaria (-5.2%) and ...
Romanian ’10 Car Sales Seen Down 14% YY, To 100,000 Units
Tuesday, January 4, 2011
Romanian car sales are expected to drop 14% in 2010 to some 100,000 units, despite historic highs in production and export, according to Brent Valmar, vice-president of car maker association APIA.There were 82,069 new cars registered in the first 11 months, Valmar said.However, local production will hit a historic high this year, some 350,000 units, up 15% on 2009, while exports will also reach a historic high, namely 315,000 units, up 18% on the year.The top-selling brand in ...
Dacia production exceeds 300,000 cars, Ford remains below 10,000
Tuesday, January 4, 2011
Production of motor vehicles registered on the Romanian market in the first 11 months of this year reflects an increase of almost 18 percent, according to statistics of the Automotive Manufacturers and Importers Association (APIA), both with the contribution of Dacia, with 300,000 units, as well as Ford's, for the first time since taking over the plant in 2008, with below 10,000 cars. Automobile Dacia production has exceeded in the first 11 months of this year 312,000 vehicles, an ...
Investment of 11 mln euros in Poiana Brasov Sport Hotel
Tuesday, January 4, 2011
Ana Hotels company, owned by businessman George Copos, has completed upgrading works at the Sport Hotel in Poiana Brasov (Bucegi Mountains, central Romania) through a loan from BRD - Groupe Société Générale, worth 11 million euros, this being reopened under the Sport Hotel & Spa brand. 'We had to close (the hotel - editor's note). I had to choose between the closing, and a loss of 200 jobs, or investing. So I chose to invest. We hope to recover the investment within 20 years, but ...
Shopping near home, new stake in local retail
Tuesday, January 4, 2011
Approximately 215 proximity stores affiliated to some retail chains have been opened in Romania in 2010. By this year-end the number will increase to 230 units, with sales that cumulate more than five million euros a month. Dedicated to large districts that have no big commercial chains, especially in rural areas around Bucharest, the convenience stores are beginning to gain ground, a decade after the start of the offensive of the big modern retailers. Proximity and the extended ...
Wine sales grow by 60 pct in December compared to a normal month
Tuesday, January 4, 2011
Winter holidays, the best time of the year for the wine industry, bring in December 2010 in the accounts of the companies active on this market a sale growth by 60 percent compared to a normal month, however, compared with December 2009 the level of sales remained the same. 'Sales of wine have marked a significant increase due to the growth in consumption. It is a normal thing that happens every year in this period, but it is a bit surprising that this year level of growth was ...
Cotnari SA wants to market red, rose wines
Tuesday, January 4, 2011
Cotnari SA wine producer based in Iasi (north-east of Bucharest) is completing its Romanian sort range by the red sorts, with the company managers planning to market appellation of controlled origin red and rose wines in the next two years. Cotnari SA managing director Constantin Deleanu has said that besides the well-known wines - Grasa de Cotnari, Francusa, Tamaioasa Romaneasca and Feteasca Alba - the company currently has 105 hectares of Feteasca Neagra and 40 hectares of ...
Bucharest Old Apartment Prices Down 20% YY In 4Q - Survey
Tuesday, January 4, 2011
Prices of old apartments in Romania’s capital city Bucharest dropped by an average 20% year-on-year in the last quarter of 2010, according to a survey of property website MagazinulDeCase.ro.Three-room old apartments in Bucharest saw the biggest price fall to EUR69,300 on average in the last three months of 2010, from EUR91,980 in the year-earlier period, the survey says. In the central city of Cluj-Napoca, prices for old dwellings fell 20% in the analyzed period. One-room ...
At Least 8 Romanian Retail Projects Scheduled For Delivery In 2011
Tuesday, January 4, 2011
Real estate developers scheduled for delivery in 2011 at least eight retail projects in Romania totaling a surface of over 230,000 square meters, 17% more than the total area of projects completed in 2009, according to property analysts.In 2009, developers completed retail projects totaling 195,000 sqm, according to CB Richard Ellis (CBRE) data. "In 2011, the stock of modern retail in Romania will increase by 230,000 sqm through projects as Palas Iasi, Maritimo Shopping Center ...
Energy certificate mandatory for real estate transactions, starting Jan 1
Tuesday, January 4, 2011
Any real estate leasing or sales transactions will need an energy performance certificate to be released by authorized auditors, starting this Jan 1.According to Law 3722005, through the energy certificate, any future buyer or tenant are informed about the dwelling's energy performance, rated by the annual energy and the heating, warm water and electricity consumption, respectively, in kWhsq,.m. The energy consumption ranges from class A for a highly energy-efficient apartment to ...
Pharmaceutical industry: European guinea pigs
Tuesday, January 4, 2011
“It’s the next big step in globalisation, and there’s good reason to wish that it wasn't,” remarks Vanity Fair in his copy from 23 December 2010 . American pharmaceuticals companies are increasingly testing new drugs in foreign countries, on subjects who do not benefit from the necessary safeguards. The trend has emerged in Third World countries but also in Europe, points out the New York monthly, and it has been reflected in the figures for the number of clinical trial investigators ...
Wheat exports at 435 kmt in September
Tuesday, January 4, 2011
Romania’s wheat exports hit 435 kmt in September, out of which less than 100 kmt are potentially re-exports from Bulgaria and Hungary. This is down from 681 kmt of exports in August. The destination countries for the country’s exports were in September, besides Spain [103 kmt], Vietnam and Thailand with 150 kmt altogether. The rapeseed exports also diminished seasonally still remaining high at 146 kmt in September from record 340 kmt in August. If the wheat and rapeseed exports diminished ...
Development, Agriculture Ministers' budgets get an additional RON 197 million
Tuesday, January 4, 2011
The government decided on Thursday to supplement the budget of the Ministry of Agriculture and Rural Development (MARD) by 107 million lei and the budget of the Ministry of Regional Development and Tourism (MDRT) by 90 million lei, respectively, from the reserve fund set at the government's disposal. According to the government's spokesperson Ioana Muntean, the money that will be directed to Agriculture is intended for the payment of subsidies for the loans raised by farmers. As ...
60% of 2nd Bulgaria-Romania Danube Bridge Ready
Tuesday, January 4, 2011
About 60% of the construction of the so called Danube Bridge 2, the second one to connect Bulgaria and Romania over the Danube River, have been completed, novinite.com reports. Additionally, some 50% of the auxiliary infrastucture facilities, including a 600 meter long road junction near the Northern Bulgarian town of Vidin, has already been built. A total of 8 highway and railroad overpasses have also been completed. The construction work will continue anew on January 11 2011. The crude ...
Romanian waterways this year register all-time high foreign cargo traffic
Tuesday, January 4, 2011
The National Company 'Constanta Waterways Administration' SA (CAN SA) attained its all-year traffic plan in early December, specifically a capacity of 24,004,373 tonnes, the company's director-general Valentin Zeicu told daily Bursa.The cited official added that in the interval Jan 1 - Dec 3, 2010, ACN SA marked another historical record: the external cargo traffic hit 10,468,515 tonnes, the most intense traffic figure along Romanian waterways in the past 26 years of activity, thus ...
Cluj Napoca International Airport numbers 1M passengers in 2010
Tuesday, January 4, 2011
The International Airport of Cluj Napoca (north-west of Bucharest) announced on Monday that it numbered one million passengers in 2010, a record marked by a ceremony that the local officials were attending.Actor Florin Piersic was announcing the final count down, passenger No. 999,998, a Tunisian, passenger No. 999,999, an Algerian and finally passenger No. 1 million, Flaviu Bogdan a 30 year-old young man, who was awarded two flights abroad by Tarom.The Cluj Napoca ...
Constanta Mihail Kogalniceanu Airport reports increased passenger traffic
Tuesday, January 4, 2011
The commercial passenger traffic at the Mihail Kogalniceanu International Airport based in the southeastern Constanta County (on the Black Sea coast) increased by 6 percent in the 11 months of this year from the same period a year ago, with the net profit standing at 304,000 lei. (1 euro=4.2 lei).Airport Director Ionel Manafu said in a press release on Wednesday that there were 73,713 recorded passengers over Jan.-Nov.; aircraft take-offs and landings totalled 3,260 and the carried ...
Romsys IT services provider targets 10% growth next year
Tuesday, December 21, 2010
Romsys, one of the biggest IT services provider domestically, with 24m-euro turnover in 2009, counts on 10% higher revenues next year, says Radu Voicu, who is to be promoted next month as the company's sales manager."Our target is to get a 10% increase for Romsys next year as well, thus cementing our position on the market," Voicu told ZF.With a 10-year experience in the IT industry, the manager is to climb in the company's hierarchy after handling sales to utilities companies this ...
Cosmote and Vodafone seeking high-income clients for iPhone 4
Tuesday, December 21, 2010
Apple iPhone 4, one of the world's best-selling smartphones, is being used by Cosmote and Vodafone mobile telephony operators as a means of keeping and attracting high-income clients, reveal the commercial offers published by the operators.Both Cosmote and Vodafone launched three tariff plans for iPhone, with the lowest tariff being set at 19 euros, a sum above the average telecom spending on the domestic market. At Cosmote, the average monthly combined income per user stands at ...