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Economic
Romanian Agricultural Products Too Expensive
Tuesday, November 16, 2010
Romanian agricultural products are too expensive, because of the countless middle-men between farm and store shelf, Agriculture Minister Valeriu Tabara said last Wednesday. The minister said it is up to the companies, as well as local and central authorities, and the ministry, to solve the price problem. He also said Romanian farmers need to be more determined to defend their interests in the European agricultural sector and their presence on European markets."Our agriculture will not be ...
President Basescu asks gov't to increase tax on arable land left uncultivated
Tuesday, November 16, 2010
Romanian President Traian Basescu has proposed to the government to increase the tax in the case of arable land left uncultivated, so that to make it bigger than the 100 euros per each hectares the owners are currently receiving for these plots of land as subsidy. While attending a forum on Thursday on economic issues, Basescu answered to a question put by the U.S. Ambassador Mark Gitenstein related to agriculture.He explained that the intention of the government is to ...
Romanian Dacia New Registrations Dn 13.2% On French Market In October
Tuesday, November 9, 2010
Registrations of Romanian new Dacia cars in France dropped 13.2% on the year in October, to 5,646 units, as registrations of foreign brands declined 17.4% on a market that shrunk 18.7%.Dacia's market share rose to 3.2% in October, from 3.1% in the same month last year, according to data from the committee of French carmakers (CCFA). Among non-French brands, the Romanian carmaker was overtaken by Volkswagen (11,735 units), Ford (8,470 units), Toyota and Lexus (5,961 units) and Opel (5,874 ...
By 25.6 pct less registrations of vehicles for passenger traffic January-September
Tuesday, November 9, 2010
New registrations of vehicles for passenger traffic dropped by 25.6 percent January through September, 2010, compared with the same interval last year, according to a release from the National Institute of Statistics (INS) .New registrations of vehicles for transport of goods dropped by 20.1 percent over January-September, 2010, compared with the same interval last year.INS specified that the new registrations category includes registrations of new vehicles made in ...
KPMG survey: The financing of Central and Eastern European real estate remains unclear
Tuesday, November 9, 2010
The financing of Central and Eastern European real estate remains unclear, due to a large reduction in transactions, as well as the variable performance of real estate according to country and asset class. According to KPMG’s new publication CEE Property Lending Barometer 2010, banks are not positive about a potential quick recovery of the real estate market in any country, with the possible exception of Poland and the Czech Republic, where, comparatively, the market has not suffered to the ...
Vacation houses, up to 70 pct cheaper
Tuesday, November 9, 2010
Real estate market in Romania is blocked on all its segments, but one of the most affected continue to be the vacation housing, waiting for buyers for many months already, Adevarul daily reads on Tuesday. An increasing number of Romanians holding vacation houses in the mountain areas are in the position to put up for sale their properties for prices of up to 70 percent lower than two years ago. Those wishing to buy such homes at present can find a lot of housing offers, ready furnished and ...
Bucharest Flat Prices Fell 12% In 10 Months - Survey
Tuesday, November 9, 2010
Asking prices for flats in Bucharest dropped by an average 11.8% in the first ten months of the year, to some EUR1,315 per square meter, according to data provided by real estate website imobiliare.ro.In Bucharest, prices for new flats dropped 9.5% since the beginning of the year, to EUR1,461 per sqm on average, while the asking prices for used flats fell 12.7%, to EUR1,268 per sqm.Among the other residential markets surveyed by imobiliare.ro, the greatest decrease was registered in ...
Arrivals and overnight stays in tourist accommodation structures decrease in nine months
Tuesday, November 9, 2010
Both arrivals and overnight stays in tourist accommodation structures have dropped by 2.4 percent, and respectively by 9.4 percent in the first nine months of this year, according to the National Statistics Institute (INS). Romanian tourists arrivals in tourist accommodation structures accounted, in the period January 1 - September 30, 2010 for 77.7 percent of the total number of arrivals, whereas foreign tourists accounted for 22.3 percent of the total number of arrivals, weights ...
Two Romanians join scientfic community in struggle against cancer
Tuesday, November 9, 2010
The world of medicine, pharmacy and of the patients suffering from cancer is quite excited after everybody learnt that two groups of researchers, one of them in Paris and another one in New York, which are coordinated by two Romanians, after long years of assiduous research, found the universal marker of cancer, on the basis of which the above-mentioned disease will be easily detected and treated when still in early stages, reads Gandul daily.Nicolae Ghinea and Aurelian Radu, the ...
3.3 million euro to rehabilitate two hospitals in North Romania
Tuesday, November 9, 2010
About 3.3 million euro will be invested to rehabilitate two sections in two medical units in Suceava, North Romania, Health minister Cseke Attila declared on Friday. He visited another two sections reabilitated with Health minitry funds. It is important to see that the money were used correctly. This is the second hospital in the county which has wonderful conditions, he declared. Cseke said that the contracts for the financing of another two sections wil be signed in January 2011. The works ...
Romanian Retailers Expect Consumption To Keep Shrinking In ‘11
Tuesday, November 9, 2010
Consumption is expected to continue declining in Romania next year, because of widening unemployment and lower consumer confidence, retailer representatives said at a seminar organized by Business Magazin. Marius Melesteu, chief executive of coffee maker Strauss Romania, believes unemployment will grow and people will redirect their money towards more urgent expenditure, such as utility bills. A small improvement is seen towards the end of next year, according to Robert Redeleanu, CEO of ...
Eurostat: Romania ranks 6th in EU in terms of retail volume growth in September
Tuesday, November 9, 2010
The volume of retail trade in Romania increased by 1.0 percent in September 2010 compared to the previous month, after a 5.2 percent increase recorded in August compared to the previous months, according to preliminary data presented on Friday by the European Statistics Office ( Eurostat). In September, Romania ranked six in the EU, in terms of retail commerce increase, after in August it registered the strongest pace of retail trade growth by an European Union (EU) Member State. ...
Retail turnover decreases by 4.9 pct in first nine months of 2010
Tuesday, November 9, 2010
The retail turnover volume declined in the first nine months of 2010 compared to same period last year, as both unadjusted series and the adjusted series, depending on the number of working days and seasonal changes, by 4.2 percent and, respectively, by 4.9 percent, the National Statistics Institute (INS) informed . A reduced retail trade turnover in the first nine months of this year compared to the corresponding period in 2009 is explained by the INS through reduced sales of ...
Romania To Return Misused EU Farm Funds Of EUR41M
Tuesday, November 9, 2010
Romania will have to return EUR41.7 million to the European Commission for failure to use the money correctly under the Common Agricultural Policy (CAP).Thus, EUR41.7 million will be charged to Romania for weaknesses in the Land Parcel Identification System (LPIS-GIS), in the administrative procedure as regards controls and cross checks and for incorrect calculation of payments and sanctions. "As a result of a decision adopted today by the European Commission, a total of EUR578.5 ...
Romania Might Be Forced To Import More Expensive Wheat Next Year After Massive Exports
Tuesday, November 9, 2010
Romania could be forced to import wheat next year at a price up t 30% higher than it got to export it for because of large quantities that have been exported, Adrian Radulescu, state secretary with the Ministry of Agriculture, said Monday.He added Romania has contracts to export 1.7 million tons of wheat this year for prices ranging from EUR190 to EUR210 per ton and might have to import 600,000 or 700,000 tons of wheat next year, for as much as EUR250 per ton."The fact that we have exported ...
Road constructors, skeptic about implementation of 10,000 km roads programme in Romania
Tuesday, November 9, 2010
Members of Road Constructors in Romania (PDR), gathered on Friday in Targu Mures (north-west of Bucharest), to celebrate 15 years of activity, have expressed their skepticism about the implementation in 2011 of the Program for rehabilitation and upgrading of 10,000 km county and local roads, the Government approved this summer. 'Last year we were glad to hear about a program of 10,000 km of county roads, but unfortunately that was not carried out. We hope this programme is ...
Romania wants fast train track from Budapest to Constanta under Danube Strategy
Tuesday, November 9, 2010
Building a fast train track from Budapest in Hungary to Constanta in Romania, via Bucharest, and of an integrated transport network to link all the Danube riparian countries are among the objectives Romania would like to see achieved by the implementation of the Danube Strategy, Prime Minister Emil Boc said on Monday after a Danube summit meeting in Bucharest.'Romania's objectives are: first of all a dynamic, competitive and prosperous Danube region, building an integrated ...
Two out of ten Romanians will buy laptops this year
Tuesday, November 2, 2010
Portable computers are some of the Romanians’ favourite purchases in 2010. Cheap solutions are preferred but good laptops are attracting more and more clients.In the first 9 months of the year, the Romanians bought about 30% more laptops compared to same period of 2009. Moreover, it is estimated that the notebook market will reach a volume of about 350,000 units, according to IDC data. So, two out of ten Romanians will but a portable computer.Cheap products are by far the ...
H&M will open stores in Iasi, Timisoara and Cluj Napoca
Tuesday, November 2, 2010
The Swedish retailer H&M will open three stores in Iasi, Timisoara and Cluj Napoca in commercial centers Palas, Iulius Mall developed by Iulius Group controlled by businessman Iulian Dascalu.Iulius Group announced its partnership with H&M for the opening of three stores in the urban ensemble Palas in Iasi, Iulius Mall Timisoara and Iulius Mall Cluj, the developer’s press release shows.“The fact that H&M chose the urban ensemble Palas Iasi and our malls in the west and center of the ...
Romania ranks 4th in the world for heart disease deaths
Tuesday, November 2, 2010
Romanians have started suffering from high blood pressure and various forms of ischemic cardiopathy before the age of 35, physicians warn. Heart diseases are the main cause of death and disability in the world. According to WHO statistics, 17 million deaths caused by cardiovascular affections are registered annually. Specialists estimate that in the next ten years the number of deaths will reach 25 million per year. Romania ranks fourth in the world for the number of cardiovascular deaths. ...