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Prices drop by 40% in Bucharest vicinity
Tuesday, October 5, 2010
While in the top period of the real estate market lands in the vicinity of large cities were in demand, at present investments in these areas are not very profitable. Prices of houses in Corbeanca or Otopeni dropped by 40% this year according to an analysis made by imobiliare.ro. In this area, houses up to 150 square meters are sold at prices 40% lower than at the beginning of 2010. At present, the price asked for such a house is a little under 123,000 euro, with an average value of 819 ...
Lenovo Romania: PC sales will return to 2008 levels in 3-4 years
Tuesday, October 5, 2010
Sales of desktops and laptops will return to the level of 1 million units reached in 2008 ij about 3- years after having dropped to half in 2009, Aurel Netin, the general manager of Lenovo Romania and Moldova, the regional branch of the Chinese producer, told Wall Street. Lenovo is the fifth player in the local PC market, with sales of 9,355 computers and a market share of 9.2% in the first semester, an increase of 102.1% compared to the same period of 2009. Romania is the third country in ...
Maguay: About 80-85% of laptops and desktops sold to companies
Tuesday, October 5, 2010
Maguay, a local integrator and distributor of computer systems with businesses of 12 million euro in 2009 sells about 80-85% of laptops and desktops it produces to the business segment, residential clients preferring foreign brands, the operational manager of the company, Eduard Pughin said.The equipment for notebooks and desktops sold by Maguay comes from Asia. Design, technical testing and support are ensured by Romania. Vodafone was the most important client to whom Maguay supplied ...
Romanian Dacia Worldwide Sales Up 12.1% In 8 Mos, To 221,000 Units
Tuesday, October 5, 2010
Romanian carmaker Dacia’s worldwide sales rose 12.1% in the first eight months of 2010, to 221,092 units, giving it a 0.6% share of the market, French group Renault, Dacia’s owner, announced Thursday.During this period, Dacia light commercial vehicle sales increased 43.9%, to 15,839 units, according to a Renault press release.By August 2010, the carmaker had sold almost 30,000 units of its Duster SUV, launched in April. Orders have been placed worldwide for a further 64,000 Dusters. ...
European Commission commences preparing projects of ferry lines between ports of Romania, Bulgaria and Georgia (Poti)
Tuesday, October 5, 2010
The European Commission is selecting pilot projects within the frames of prolongation of one of the most active regional projects of Transport Corridor Europe Caucasus Asia (TRACECA). Akif Mustafayev, TRACECA national secretary on behalf of Azerbaijan, says that discussion of pilot projects within European Commission’s technical project “Maritime Routes of the Black & Caspian Seas” is under way. "It will be considered a number of technical pilot projects which although do not affect ...
MTI's Pistru: Inter-modal transport is the future of freight transport
Tuesday, October 5, 2010
Romania could become the perfect place for assembly and logistics business, as studies conducted by the Romanian Ministry of Transport and Infrastructure (MTI) indicates that such business will generate 140,000 new jobs and will contribute 10 billion euros to the Gross Domestic Product (GDP) in 2020, MTI State Secretary Eusebiu Pistru told a news conference on Thursday.'Romania is well positioned for intercontinental transport towards Europe and inter-regional transport,' he said. ...
Romania Needs EUR100M To Finish Bucharest-Ploiesti Highway
Tuesday, October 5, 2010
Romania’s Transport Ministry needs EUR100 million to finish the last segment of a highway linking capital Bucharest to the nearby city of Ploiesti, which was supposed to be finished this year but was moved to end 2011. "The Bucharest-Ploiesti was supposed to be finished this year, but we couldn't because of lack of funds. We'll assign the necessary money in the 2011 budget," state secretary Eusebiu Pistru said Thursday during the MEDIAFAX talks about Transport & Logistics seminar. He added ...
Tax Evasion In Romanian Agric Sector Hit EUR1B This Summer – Agric Min
Tuesday, September 28, 2010
Tax evasion in the Romanian agriculture sector reached EUR1 billion this summer, Agriculture Minister Valeriu Tabara said Friday during the Mediafax talks about Romanian Agriculture seminar."Tax evasion is one of the major problems in the agriculture sector," said Tabara, adding that, even if products were confiscated, the phenomenon has intensified even more.The minister also pointed out to tax evasion resulted from not paying VAT for imported products. He said local agriculture ...
Foreign investors hold some 100,000 ha of wood in Romania
Tuesday, September 28, 2010
Foreign investors have come to hold some 100,000 hectares of wood in Romania, i.e. 1.5 percent of the country's forestry area, according to Ziarul Financiar daily's estimates based on data from relevant players. The latest purchases have been made by German investment fund Nordcapital, which bought 1,200 ha, and Austrian group Holzindustrie Schweighofer, which bought 5,000 ha at Bicaz (north). Another significant wood investor is Finnish group Tornator, which holds 12,000 ha, ...
More than 7 billion euros to be invested in Romania's railways in next five years
Tuesday, September 28, 2010
Investments in Romania's railway system will reach 7 billion euros in the next five years, as investors from around the world are interested in the opportunities offered by Romania in this field, Secretary General of the Association of Romania's Railway Industry (AIF) Stefan Roseanu told Agerpres.'Romania will invest between 6 and 7 billion euros in the next five years, which will turn the country into a magnet for investors. If we get the right prioritisation in this area, then ...
Auto market shrinks by 15.1 pct
Tuesday, September 28, 2010
New vehicle sales (automobiles plus commercial vehicles) on the Romanian market stood in August at 7,887 units, a drop by 15.1 percent from July, according to the Automotive Manufacturers and Importers Association (APIA).New car sales fell 15.4 percent, car and commercial vehicle imports dropped 6.5 percent.Cumulated on the first eight months the new car sales (automobiles plus commercial vehicles) on the Romanian market stood at 76,131 units, a drop by 26.5 percent from the ...
Geoagiu-Bai resort is awarded prize in Brussels
Tuesday, September 28, 2010
The tourist potential of the Geoagiu-Bai spa resort in Hunedoara County (western Romania) is presented in Brussels on Monday and Tuesday, after a local administration project won the EDEN - European Destinations of Excellence national contest, which was organized by the Ministry of Regional Development and Tourism.'A delegation made up of local administration representatives and of the businessmen dealing with Geoagiu-Bai tourism is in Brussels, where the resort will be awarded a ...
Romanian ISPs Required To Publish Quality Parameters
Tuesday, September 28, 2010
Romanian internet service providers (ISPs) will be required to publish quality parameters and the methods used to measure them on their own web sites and in their contracts with clients, according to a draft decision by communications regulator ANCOM.ISPs will have to publish administrative quality parameters such as the time needed to install internet access, the timeframe for repairs, frequency of customer complaints, as well as delays in the resolution of complaints, said an ANCOM press ...
Convenience edges out consumer concerns over privacy and security, finds KPMG survey
Tuesday, September 21, 2010
Consumers rapidly embracing mobile commerce, creating opportunities and challenges worldwideDespite major concerns over privacy and data security, people around the world are rapidly adopting the mobile internet as an easy and convenient method of carrying out everyday transactions including banking and shopping, a new global survey from KPMG has found.Compared with only 18 months ago, the global percentage of respondents who have used their mobile device for banking has more ...
Only five hypermarket units have opened in 2010
Tuesday, September 21, 2010
The expansion of hypermarkets has almost frozen this fall: Carrefour, Real and Auchan networks – the most expansive retailers prior to 2009 – will not inaugurate any stores in the fourth quarter, 2010 becoming the year with the fewest hypermarkets opened. New hypermarkets used to open each fall as retailers wanted to catch the highest sale period at the end of the year with most stores opened. On the background of a lack of financing for new commercial centers and of a consumption drop ...
Romanian health care system chaos causes 50,000 deaths a year
Tuesday, September 21, 2010
The Social Democrats (PSD, in opposition), who have submitted to the Senate the Health Care - Between Peoples' Humiliation and the Helplessness of the Health Ministry simple motion, warn that the medical system is in total chaos, as each year 250,000 die in Romania, while 50,000 of the deaths could be avoided.'So, every year, one in five Romanians dies before one's time. The achievements of the governmental programme applied to the Health Ministry's practice can be summed up in one ...
Japan grants non-reimbursable financial assistance for agricultural equipment procurement
Tuesday, September 21, 2010
The Ambassador of Japan Natsuo Amemiya took part in a ceremony of delivering agricultural equipment worth around 70,000 euros, and purchased by the Alba County Association of Cattle Breeders, under a grant agreement financed by the Government of Japan, at Alba Iulia (centre) .The Ambassador of Japan pointed out in his speech that these grants would contribute to the improvement of the local agriculture sector's performances.Out of the 200 projects submitted nationwide under the ...
General agricultural census to start on Dec. 2
Tuesday, September 21, 2010
The general agricultural census will begin in December 2010 by gathering the data on site, and it will end on January 31, 2011, National Statistics Institute President Vergil Voineagu said. The data will be processed at a local level between March and November 2011 and at a central level between December 2011 and June 2012, following that the end results to be made available and sent to Eurostat on June 30, 2012.By December 31, 2012 Romania should also finalise and send the results of the ...
Romania 1H Beer Sales Dn 11%, To About 8M Hl
Tuesday, September 14, 2010
Romania's beer sales volume decreased by 11% in the first half of the year, compared to the same interval in 2009, to about eight million hectoliters, according to the ‘Romanian Brewers’ association.The members of the association (Bergenbier, Heineken Romania, Romaqua Group, United Romanian Breweries amd Ursus Breweries) sold 7.4 million hectoliters of beer in the first six months of 2010, down 11% compared to 2009, when 8.3 million hectoliters of beer were sold.According to the source, ...
Romania Scrapped 164,752 Cars Under 2010 Clunkers Program Until Sept 3
Tuesday, September 14, 2010
Over 164,000 cars older than ten years were scrapped until September 3, 2010 within Romania's clunkers program, and the number of new cars bought within the program exceeded 38,000 units, of which 17,215 were made locally, Romanian Environment Ministry said in a press release .According to the ministry, the national car park renewal program met 87% of its objectives by September 3. The 2010 clunkers program, which started on February 18, was allotted 722,000,000 lei (EUR1=RON4.2762), ...