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Economic
Romania Might Be Allowed To Resume Pork Exports On EU Market
Tuesday, August 3, 2010
The European Commission might allow Romania to resume exports of pork and pork products on the EU market, following a request addressed by Romanian authorities in June.Romania's pork exports on the EU market have been banned since 2003 due to swine plague.The Romanian Department for European Affairs (DAE) said in a press release that EU checkups will soon be carried out to see the development of the disease after Romania halted vaccination. DAE added that a decision of the EC ...
Olympus: Romanians buy photo cameras 35-40% cheaper than last year
Tuesday, August 3, 2010
In the last two years the average price paid by a Romanian consumer to purchase a photo camera dropped between 25%-40%, according to Daniek Jaurl, the manager of the local branch of the Japanese electronic producer Olympus.While in 2008 the Romanians paid 150 euro on the average to buy a compact photo camera at present they about 90 euro, while for a professional camera the average value of the purchase dropped from 550-600 euro to 450 euro.Economic and social factors ...
Orange Romania's Q2 2010 revenues slide 7.4 pct
Tuesday, August 3, 2010
Mobile communications operator Orange Romania on Thursday announced the total revenues of the Orange group slid 7.4 percent in the second quarter of 2010 from the second quarter of 2009, to 247 million euros, but were up 4.2 percent from the 237-million-euro Q1 2010 revenues.'Following the trends of the first part of the year, the revenues continued to stabilize and improve from one month to the other. According to our estimates, the value share of our company in the market ...
Over 80% of IT managers believe in project success (study)
Tuesday, July 27, 2010
According to the study “From costs to value” over 80% of IT managers believe in the success of projects carried out, while 70% believe in the investment profitability.At the same time 81% of respondents feel that obtaining value from IT should be a top priority which making costs profitable ranks second with 58% of votes, before portfolio management (51%).The KPMG International report shows that the new agenda of IT managers, following the financial crisis, is dominated by making ...
Real estate transactions by mid year: retail still on top
Tuesday, July 27, 2010
The first half of the year brought a real estate investment volume of 226.6 million euro, 300% higher than the one registered in the same period of 2009, a report made by the real estate consulting company CB Richard Ellis (CBRE) shows. Last year Romania registered the biggest contraction in the investment market since 2005 real estate transactions amounting to 203 million euro, according to CBRE consultants. Optimism returned in the first half of 2010 when the market registered transactions ...
Romania has to pay millions of euros in penalties to EU for delayed farm subsidies, says President Basescu
Tuesday, July 27, 2010
President Traian Basescu told a news conference on Tuesday that Romania has to pay millions of euros in penalties to the European Union for delayed farm subsidies and faulty reports on farm areas.'Just to realise where we are in terms of European funds, I want you to know that Romania already has to pay 16.1 million euros in penalties for 2007 and another 6.6 million euro in penalties for delayed 2008 per area farm subsidies. And this is the problem of the payment agencies and a ...
Mihail Dumitru: Romania has second amplest rural development programme in Europe, after Poland.
Tuesday, July 27, 2010
Agriculture and Rural Development Minster Mihail Dumitru told an agriculture seminar, on Thursday, that Romania holds the second largest rural development programme in Europe, after Poland, and the farming sector currently continues contributing to the Gross Domestic Product (GDP) value.'Certainly Romania has been going through a difficult period. The positive side resides in the fact that although we have been experiencing a financial crisis, Romania may benefit from EU funds. ...
Romanian Gov't, Bechtel to sign memorandum on 2010 works
Tuesday, July 27, 2010
Under a protocol to be concluded this August, Romania's Government and the US Bechtel company will establish the works on the Transilvania motorway, the Brasov-Bors portion, that will be completed in 2010.'At a meeting of Prime Minister Emil Boc and Bechtel officials, it was agreed that the Government and the company will sign this August a protocol that will reflect the Romanian Government's commitment to continue financing the works on the Transilvania motorway. The protocol will ...
No recovery signs for transport of goods
Tuesday, July 27, 2010
According to INS data in the first quarter of 2010 the overall goods quantity transported by rail, road, pipes and sailing was of 56.4 million tons , 26% less than in the same period of 2009m and half of the first quarter of 2008.The lowest was road transport (-41%) while rail and sea transport remained relatively stable compared to the same period of 2009.The evolution of the transport of goods is an important indicator for the economy of a country, its variation reflecting the evolution of ...
EU Rejects Romania’s Plans To Apply Reverse Taxation On Food
Tuesday, July 27, 2010
The European Commission has rejected reverse taxation in the food sector, which entails that transaction taxes will be paid by beneficiaries and not by entities that delivered the merchandise, said Thursday Aurel Popescu, head of Romania’s bread industry association Rompan."(Finance Minister Sebastian) Vladescu told me we should talk about reverse taxation in the past tense, because Romania didn't get the European Commission's approval to introduce it," Popescu said during the Mediafax Talks ...
Praktiker sales in Romania dropped by 12.4%
Tuesday, July 27, 2010
Net Praktiker sales in Romania dropped in the first 6 months by 12.4% compared to the same period of 2009, to 96.5 million euro, affected by both the evolution of the exchange rate and the difficult economic situation. The German company also anticipates that the VAT increase will affect business. Praktiker estimates that in comparable conditions, the drop of sales would have been of 13.9% in euro while in lei company business in the Romanian market dropped by 14% in absolute terms and 15.2% ...
Corruption Is Main Problem In Romanian Healthcare, Medic And Patient To Blame
Tuesday, July 27, 2010
Corruption is seen as the Romanian healthcare system’s biggest issue and both doctor and patient are to blame for bribery, says a poll conducted by the non-governmental Association for the Implementation of Democracy, published Thursday.The study, part of the project "Promoting integrity in the healthcare sector," financed by the United States embassy in Bucharest, investigates the public's perception of corruption in the healthcare system. The study found 91% see corruption as a ...
Romania Might Introduce Health Insurance Cards By 2012
Tuesday, July 27, 2010
Romanian citizens will have a national health insurance card by 2012, said National Health Insurance House manager Dorin Ionescu, adding health insurance cards will contain insurance data, as well as medical information about their owners, such as blood type or allergies.All medical services a card owner receives will be registered with the health insurance houses' electronic system. Auctions to implement the system will be carried out starting this fall. Health Minister Cseke Attila said in ...
Patriciu confirms the creation of a real estate consulting group
Tuesday, July 20, 2010
Billionaire Dinu Patriciu confirmed the formation of a real estate consulting group resulted from the merger between Quintet Asset Management and Black Sea Global Properties. The new company, DinuPatriciuGlobalServices will handle a real estate portfolio of €1.3 billion.“After Dinu Patriciu Global Properties (DGSP), formerly known as Black Sea Global Properties, acquired several real estate properties worth around €1.3 billion, we combined the resources of Quintet, the adviser in the ...
Transport minister: Bucharest northern ring-road to be completed by year-end
Tuesday, July 20, 2010
The capital city's Northern Ring-Road, a 21 kilometre-stretch between Chitila and Voluntari will be completed by the end of this year, with the costs to stand at 70 million euros, Transport Minister Radu Berceanu announced last week.'By winter, 21 kilometres will be completed, while the two ends of this stretch, namely the sections linking the ring-road to the motorways to Pitesti and to Constanta will be completed in July 2011,' Berceanu said. He added the company or ...
ROMATSA unifies air traffic management system
Tuesday, July 20, 2010
Romania's Air Traffic Services Administration ROMATSA has consolidated the air traffic management system of the country by cutting down from five to two its monitoring centers.In a first stage, the routing business was relocated from five to three centers - the eastern Bacau centre went to the south-eastern Constanta Flight Guidance Centre and the central Cluj sector went to the Bucharest Flight Guidance Centre, and then down to two centers.The sectors covered by the ...
Bucharest-Constanta Railway Upgrade To Be Finalized In July 2011
Tuesday, July 20, 2010
Romanian Transport Minister Radu Berceanu said Thursday modernization works on the railway linking capital Bucharest to southeastern Constanta will be finalized in July 2011, and a train ride on that distance will take two and a half hours."Works are progressing faster and trains will run at the desired speed (160 kilometers per hour) in July 2011," Berceanu said. Works on the railway, which is part of the fourth pan-European transportation corridor, were supposed to be completed ...
Emil Boc: Eventual future loans to be invested in infrastructure
Tuesday, July 20, 2010
The Government is to invest eventual new loans in infrastructure, announced on Sunday Premier Emil Boc in a video-conference with prefects, given at Victoria Palace. In this context he underlined the need of putting a cap on excessive public spending.Those loans should go to the underdeveloped sectors of the country, namely to infrastructure because these are the sole ones producing jobs and more money to the state budget, said Boc.The Prime Minister also said that the ...
Car scrappage program: More than 136,000 vehicles dumped, almost 30,000 new ones acquired
Tuesday, July 20, 2010
As many as 136,374 motor vehicles have been scrapped by July 12 under the National Car Fleet Renewal Program against 90,243 authenticated vouchers and nearly 30,000 new cars were bought from dealers, shows official data referred on Wednesday exclusively to Agerpres by the Environment Fund Administration (AFM). Of the 160,000 vouchers made available by AFM to individuals, 158,550 were effectively released, while the number of cash tickets approved for legal entities is 1,450 out of ...
Dacia car sales in Europe up 19.1pc in H1
Tuesday, July 20, 2010
Dacia car registrations in Europe stood at 139,643 in the first six months this year, up 19.1 percent against the 117,244 units reported in H1 last year, according to the statistics of the European Automobile Manufacturers' Association (ACEA) made public on Thursday.The market share of the local carmaker went slightly up from 1.6 to 1.9 percent.Registrations of Dacia cars in Western Europe reported a higher advance (27.4 percent), with 116,438 units having been registered ...