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Economic
MDRT earmarks over 10 million euros for Black Sea coast infrastructure
Tuesday, August 17, 2010
The Ministry of Regional Development and Tourism (MDRT) earmarked more than 10 million euros, 2009-2010, for 16 investment projects that were to develop tourist infrastructure on the Black Sea coast, the new spokesman for MDRT Stefan Susai told a recent news conference.'For the development of tourist infrastructure on the Black Sea coast, the ministry allocated more than 10 million euros in 2009-2010 for 16 investment projects that were to plan the waterside, build pontoons for ...
Romanian Shopping Center Rents Hit 8-Year Low
Tuesday, August 17, 2010
Rents in Romanian shopping centers dropped to the levels see in 2002, when the market was in early stages of development, according to a study by real estate consultancy company Jones Lang LaSalle.The study also shows that rents dropped 10-15% in the second quarter compared to the first three months of the year, and the trend will continue in the near future as well.Furthermore, according to the report, the largest rents, even in high-performance shopping centers, dropped to EUR60-75 ...
Tourism employers to set up promotion fund for 2011 summer
Tuesday, August 17, 2010
The National Association of Travel Agencies in Romania (ANAT) and Mamaia Tourism Employers Association intend to set up a joint promotion fund, for financing a promotion strategy for the summer of 2011, and whereto the hotel owners and the travel agencies will also contribute, the two institutions informed in a release. The promotion fund will have its hqrs. at the Seashore and Danube Delta Association for Tourism Promotion and Development.'The promotion is an essential ...
Romania 2010 Wheat Output At 5.7M Tons, Below Expectations
Tuesday, August 17, 2010
Romanian Agriculture Minister Mihail Dumitru Friday estimated the country’s wheat production will reach 5.7 million tons in 2010, below forecasts but more than enough to meet domestic consumption requirements."We have the necessary quantity for the bread and bakery sector, namely 3.5 million tons of wheat," Dumitru said, adding the quality of the harvested wheat is yet to be determined.The authorities estimated total wheat production would reach 6.7 million tons in 2010, but the crops were ...
BBC: The Romanian health system is on the verge of collapse while political leaders treat themselves abroad
Tuesday, August 17, 2010
The Romanian health system is on the verge of collapse, a documentary made by BBC's correspondent to Bucharest, Oana Lungescu reads. Romania spends less on Health than any other EU country and due to the deep recession, it plans to spend even less, the journalist reads adding that the subfinancing and the decision of more and more medical personnel to leave the country can endanger the life of the patients. The BBC correspondent offers the example of Cristian Grigore, a nine year ...
Health system decentralization is 98 percent complete
Tuesday, August 17, 2010
Decentralizing the health system has achieved a rate of 98 percent until now, Health Minister Cseke Attila told a press conference on Wednesday, adding that 364 of the 373 medical units that had to be decentralized have been transferred to local authorities. He mentioned that in 36 counties, out of 40, the process has been completed.'We consider the decentralizing process to be a success that will make the health care system more efficient and that will bring more equity, ...
Romanian Dacia Logan Sales In Russia Up 15% In Jan-July 2010
Tuesday, August 17, 2010
Romanian carmaker Dacia sold 35,311 Logan models in Russia in the first seven months of 2010, up 15% from 2009, ranking fifth among the best-sold brands, in a market which grew 9%, to 963,688 cars.In July, Logan sales increased 11%, to 5,685 units, from 5,121 units in the same month of last year, according to the data of the Auto Constructor Commission with the Association of European Companies in the Russian Federation. Logan is the Renault group's only model among the 25 best-sold ...
Romania Has Licensed Four Electric Cars, 750 Hybrids
Tuesday, August 17, 2010
Four electric cars and 750 hybrids have been registered and licensed in Romania, out of a total 134 electric vehicles and 756 hybrids, the Romanian Auto Registry said. The four electric cars are a Peugeot, a Romanian Oltcit, a Jeamean and an Opel. The Registry also reported it has registered 20 electric motorcycles and 110 buses. Of the total 750 hybrid vehicles licensed in Romania, most are Lexus (422), followed by Toyota (220) and Honda (62).Romania's vehicle park also includes two hybrid ...
Romania To Use Any Future Intl Loans For Investments Only
Tuesday, August 10, 2010
Any future loan Romania might take will be used to fund investments and development projects only and money going into consumption will come from the country’s own economy, Prime Minister Emil Boc said Friday."The country will enjoy the results of these years' hard work in the future, when we have a sustainable budget and any future loan the country takes will go to investments only," Boc said during a signing ceremony of financing contracts for local small and medium-sized businesses. ...
CFR Marfa participates in development of rail corridor project
Tuesday, August 10, 2010
CFR Marfa participates together with some other European rail transport companies, in the development of CREAM project, aimed at the development of a rail freight transport corridor, financed with 12 million euros from European funds, the company informs.With the goal to develop a rail freight traffic on the transport corridor linking BelgiumThe Netherlands - Germany - Austria - Italy - Slovenia - Hungary - Romania - Bulgaria - GreeceTurkey, starting with 2007, CFR Marfa takes part ...
EBRD: Cancellation of Comarnic-Brasov highway project was disappointing
Tuesday, August 10, 2010
EBRD is still interested in backing viable infrastructure projects in Romania, even if the cancellation of the highway section Comarnic – Brasov was disappointing for the financial institution. In 2009 and 2010 EBRD worked closely with potential investors and Romanian authorities in the social, environment and public purchase fields with a view to getting involved in the project, bank representatives show.Several press articles suggested the fact that EBRD will not take into ...
Statistics: H1 retail turnover down 5.1 pct y-o-y
Tuesday, August 10, 2010
In the first half of 2010, the retail turnover was 4.1 percent lower compared to same period of 2009 expressed as raw series and 5.1 pct down as series adjusted by the number of working days and seasonality, the National Statistics Institute (INS) announced on Wednesday. Thus, compared with H1 2009, in the first half of the current year, the retail turnover (except for trade with motor vehicles and motorcycles) fell 4.1 percent as raw series, as a result of the 6.1 pct setback in ...
Number Of Tourists Staying In Romania Down 4.3% YY
Tuesday, August 10, 2010
The number of tourists staying in Romania was 4.3% lower in June compared to the same month a year earlier, at 583,600, the National Statistical Institute said Wednesday. In the first half of 2010, the number of tourists staying in Romania dropped 3.7% compared to the same interval of 2009.Romanian tourists account for 76.3%, while foreign tourists for 23.7%, similar with the same period a year before. The number of foreign tourists that entered Romania in June was 3.1% lower on the ...
Vehicle trade turnover goes up in June - statistics institute
Tuesday, August 10, 2010
The turnover posted by the trade in automobiles and motorcycles was up in June from the prior month by 15 percent and 5.8 percent respectively, both as gross series and adjusted series by the number of workdays and seasonality, show figures made public by the National Institute of Statistics on Friday.The turnover of the market services for the population increased in this June from May by 0.9 percent and 0.3 percent respectively.The turnover of the cars and motorcycles' ...
EU governments seen opposing GM crop proposals
Tuesday, August 3, 2010
European Union governments have signalled their strong opposition to proposals allowing member states to decide whether to grow or ban genetically modified (GM) crops, a Belgian EU Presidency source said on Thursday (29 July).The bloc's executive, the European Commission, tabled proposals earlier this month giving governments the freedom to choose whether or not to grow GM crops .To pass, the plans must first be approved by EU governments and lawmakers.The move was seen as an ...
Minister of Tourism and Regional Development Elena Udrea: Tax evasion in tourism goes as far as 40 percent
Tuesday, August 3, 2010
The phenomenon of tax evasion is very obvious in the field of tourism and goes as far as 40 percent, Minister of Tourism and Regional Development Elena Udrea told the public TV station on Tuesday.'In the field of tourism the phenomenon of tax evasion is very obvious. It is difficult to fight it. I cannot enter somebody's courtyard even if an undeclared boarding house works there as I am trespassing his property ... It seems that the percentage of tax evasion in tourism, either because ...
Beside tourist brand we need roads and services, Environment Minister says
Tuesday, August 3, 2010
Beside a tourist brand, Romania needs high quality infrastructure and services, Environment Minister Laszlo Borbely said in Sfantu Gheorghe (197 km north west of Bucharest), on Friday. Romania's Environment Minister also said that, unfortunately the tourism, did not represented a priority for the rulers, over the past 20 years, and there was no coherent strategy for the development of this activity field, which could bring considerable revenues to our country. In his opinion, the ...
Jordanian Health minister: Romania has one of the most evolved emergency systems in the world
Tuesday, August 3, 2010
Jordanian Health minister, Nayef Al Fayez, a doctor himself, appreciated during a meeting with officials in Mures county, Romania that Romania has one of the most evolved emergency systems in the world and Jordan would be interested to takeover the model, Romanian news agency Mediafax informs.Al-Fayez, who specialized in Germany as a neurosurgeon said on Friday, in a press conference that he knows European health systems but Romania has one of the most evolved emergency systems in the ...
PM Boc : 20 hospitals in 10 counties still to be taken over
Tuesday, August 3, 2010
Prime Minister Emil Boc told prefects at a videoconference on this Sunday that there are still 20 hospitals out of 373 to be taken over by the local public administrations in 10 counties, asking the prefects to join the Health Ministry in the takeover process.'As of July 30, there were 353 hospitals taken over by the local administrations. There were still 20 hospitals to be taken over in 10 counties - Vrancea, Timis, Arad, Buzau, Valcea, Calarasi, Caras, Arges, Olt and Vaslui. Get ...
First H&M store in Romania to open in spring 2011
Tuesday, August 3, 2010
The first H&M store in Romania opens in spring of 2011, in the AFI Cotroceni Palace shopping center in western Bucharest, informs the Center's release.From the very beginning, we've planned to surprise our visitors, as pleasantly as possible, and offer them an ideal mix of brands and entertainment facilities. H&M presence here certifies, once more, the qualities of our project and it happily fulfills the ideal brand mix we hold, giving buyers more reasons to come and do the ...