RSS
Economic
Survey: Most Foreign Tourists Considering Romanian Vacation Expect Country To Be Unsafe
Tuesday, May 4, 2010
Most foreign tourists who would consider spending a holiday in Romania for the first time think the country is unsafe, said research conducted by the THR Company and issued Tuesday. Jorn Gieschen, the Marketing and Strategy Executive of THR, a company that took part in developing Britain's tourism brand, said that most tourists who have never been to Romania are afraid of potential safety risks. Tourists who have visited the country no longer take unsafety into account and say that Romania's ...
Over 400 hospitals are subject to evaluation procedures
Tuesday, May 4, 2010
There are 435 hospitals to be evaluated by the Health Ministry, PM Emil Boc announced on Monday evening.'There are 435 hospitals to be evaluated by the Health Ministry. I would like to say that here in the health care sector, if there were no order in the system, regardless of the money invested, there would be no added value. During the last 20 years the order in the health care system was overlooked' said Emil Boc.He also pointed out that the health care system computerisation ...
Romanian Public Procurement Watchdog To Inspect All Hospitals Starting May
Tuesday, May 4, 2010
Romania’s National Authority for the Regulation and Monitoring of Public Purchases (ANRMAP) will conduct controls of every public hospital, starting in May with the CF 2 hospital in Bucharest, checking the way medicine and other products are acquired."We will begin an inspection of the way hospitals purchase antiseptic and disinfectant products," ANRMAP president Cristina Traila announced last Thursday.She said there are many problems with the purchase of these products. For ...
Real estate market barely showing signs of thawing
Tuesday, May 4, 2010
Central and Eastern Europe’s Real Estate Sector faces another difficult year in 2010, but prospects for the future are brighter, according to a recent study published by the Urban Land Institute and PricewaterhouseCoopers.The region as a whole was confronted with a flight of foreign capital and investment is likely to remain low for some time. However, three markets in the region have proven to be very resilient in the current economic environment: Poland, Czech Republic and Turkey, the ...
Top of cheapest housing areas in Romania
Tuesday, May 4, 2010
Brasov is the cheapest town as concerns prices for apartments, according to a study made by the real estate portal magazinuldecase.ro in the cities of Bucharest, Sibiu, Ploiesti, Constanta, Cluj Napoca and Brasov.The prices for houses in the center of Brasov is 840 eurosquare meter, followed by Racadau, where the average prices for apartments is 700 eurosq.m. The cheapest area in Brasov is Bartolomeu, with prices of 495 euro.Brasov is followed by Sibiu in the top of the cheapest ...
Gov't sets damages to be paid for motorway building-related expropriations
Tuesday, May 4, 2010
The Government at a meeting on last Wednesday approved the start of the procedures for the expropriation of the private buildings located on the future works on the motorways linking Bucharest to Constanta, the 6th stretch Cernavoda - Constanta, the Nadlac-Arad Motorway and the ring road of the Black Sea port of Constanta.According to the Government's spokesperson Ioana Muntean, the funds earmarked for the payment of the damages for such projects total roughly 187 million lei (over ...
Real,- Opens Its Largest Romanian Store, In EUR22.8M Invest
Tuesday, May 4, 2010
Retailer real,- Hipermarket Romania will open in the eastern part of Bucharest its largest local hypermarket, following an investment of EUR22.8 million, company officials told a press conference.The store has a built area of 14,000 square meters, of which 9,700 sqm is the sales area. This is the company's fourth unit in Bucharest and the 25th in Romania.In addition, there will be a shopping gallery in front of the store, spanning over 10,800 sqm, hosting clothing and footwear ...
Romania Ranks Second Of 69 In New Retail Entries Chart
Tuesday, May 4, 2010
Romania is ranked second among 69 countries, with respect for the number of international top retailers entering the local market in 2009, in a chart compiled by real estate consultancy company CB Richard Ellis.The United Arab Emirates were the most popular destination for retailers, with 21 launches, while Romania and Kuwait are also popular destinations, bringing in nine new retailers each, according to the report "How Global is the Business of Retail?"In 2008, Romania ranked seventh among ...
Plus opens 100th store in Romania
Tuesday, May 4, 2010
Discount department store chain Plus said it would open on April 28 at Husi, its 100th store in Romania, which will represent a total investment of €1.5 million.The new store in Husi will be located in the central area of the city and will have a gross area of 1,000 sqm and a total selling area of 800 sqm. The store will also have a 50-spaces parking. Pludi Market, the operator of Plus store chain in Romania launched in November 2005, the first 10 Plus stores in the country, a network that ...
Romania has potential for adventure tourism, according to Elena Udrea
Tuesday, April 27, 2010
Romania has great potential for developing adventure tourism, Minister of Regional Development and Tourism Elena Udrea late last week said. 'There are very many tourists coming to Romania to do rafting and to ride the motorcycles in the mountains, with many such locations fit for active tourism existing in the Apuseni Mountains (western Romania), or to do cycling, with a bike trail existing along the Danube we are going to rehabilitate, the Buzau Mountains (southern Romania) too being very ...
Franklin Templeton leases 900sqm in Premium Point
Tuesday, April 27, 2010
Franklin Templeton Investment Management, the investment manger of the Fondul Proprietatea equity assets leased 900sqm office space in Premium Point building, located in Victoriei Square, the exclusive leasing agent of Premium Point said in a press release.“We have worked closely with Franklin Templeton for the last 9 months. The close location of the building to the Romanian Government Building was a plus. We anticipate the new Franklin Templeton office in Romania to open the doors at the ...
Cosmote Romania launches Mobile Internet services
Tuesday, April 27, 2010
Cosmote, the third largest mobile telecom carrier in Romania, launched the 3G services offering high speed mobile Internet access and countrywide broadband coverage. The 3G services are available in 11 cities of the country: Bucharest, Iasi, Cluj-Napoca,Timisoara, Constanta, Galati, Craiova, Brasov, Moinesti, Oltenita, Orastie, plus almost 300 localities. In the local market, only Vodafone provides mobile internet services at such speeds. The telecom carrier launched these services in fall ...
Contracts of over 529 million euros for modernization of farms
Tuesday, April 27, 2010
The Payment Agency for Rural Development and Fisheries (APDRP) signed 1,529 financing contracts worth over 529 million euros with the applicants for European funds for investments in the modernization of farms (Measure 121), the engaged funds accounting for almost 60 percent of the total amount allocated for the measure.According to the APDRP data, payments to the beneficiaries of these investment funds exceed 148 million euros.APDRP received 4,529 consistent investment ...
Agriculture minister: Future CAP should back farming sector development
Tuesday, April 27, 2010
The future Common Agricultural Policy (CAP) should back the continued development of the farming sector and should guarantee the farmers acceptable earnings, Minister of Agriculture and Rural Development Mihail Dumitru told a news conference on Friday.He said the future CAP should also secure Romania's and Europe's food safety and it should provide certain goods and services that agriculture offers the society in general.'I'm speaking here of biodiversity, of the beauty ...
Ciolos: Agricultural research development needs state budget financing
Tuesday, April 27, 2010
In order to develop the Romanian agricultural research activities, improvements in logistics and state budget financing are needed, European Commissioner for Agriculture and Rural Development Dacian Ciolos told a press conference held at the Agriculture Ministry's headquarters on Friday.'The agriculture research sector needs improvements at logistics level and to this end, a state financing intervention is necessary,' said Ciolos.He believes that the agriculture research ...
Romanian Tourism Minister Requests Extra Funds For Infrastructure Development
Tuesday, April 27, 2010
Romania’s Regional Development and Tourism Minister, Elena Udrea, said Saturday that the Government will ask the Monitoring Committee of the Regional Operational Program (ROP) to transfer unused funds from Priority Axis 4 to Axis 5.2, investments into tourism infrastructure.According to Udrea, the money for ROP Axis 4, "Strengthening the regional and local business environment," has not been used, as the program is difficult to implement in Romania "because of the local conditions." On ...
Bechtel lays off 700 due to lack of financing
Tuesday, April 27, 2010
Bechtel will lay off 700 of the roughly 2,000 employees who work on the Transylvania Motorway due to lack of financing and delays in payments for the works carried out in 2009, reads a release of the US contractor. 'The employees hit by the collective redundancy decision will get the equivalent of two monthly salaries in compensation payment,' reads the Bechtel release. Company representatives argue that the consultations held with trade union representatives in the past ...
Maximum 200 mln euros for Timisoara - Lugoj Motorway
Tuesday, April 27, 2010
Ministry of Transport will allocate between 680 and 780 million lei for the construction of Timisoara - Lugoj Motorway, according to an announcement made by the National Roads Company. (1 euro=4.1 lei)The project provides the drafting and construction of a motorway, 25 km. in length, for which MTI concluded a financing contract through Sectoral Operational Programme - SOP Transport.Constructor is to be selected by this year-end, according to MTI representatives estimations.The ...
New Medicine Against AIDS Launched In Romania Friday
Tuesday, April 27, 2010
A new medicine against AIDS is available in Romania and is recommended to patients infected with the human immunodeficiency virus (HIV) which became resistant to other treatments, Sorin Petrea, director of medical development at infectious disease institute Matei Bals, said Friday.Petrea said the new treatment will offer a chance to reduce the immunodeficiency viruses present in the blood to an undetectable level.Petrea said almost all HIV-infected individuals develop multidrug ...
PM Boc wants national strategy for switching to electric car
Tuesday, April 27, 2010
Premier Emil Boc announced on Friday, in Pitesti (south), that at the future government meeting an inter-ministerial working group will be set up, to determine the future platform of the car pollution tax strategy in Romania and the preparation for transition to the electric car.'I will set up, at the future government meeting, an inter-ministerial group in charge with working out the future platform of a pollution tax and to prepare Romania's strategy for what it means an electric ...