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Borbely: Ramshackle car scrappage scheme to be supplemented with 50,000 more vouchers
Tuesday, April 27, 2010
The ramshackle car scrappage scheme will be supplemented with 50,000 more vouchers next week, on which the state is spendin 190 million lei, Minister of Environment and Forests, Laszlo Borbely, told a press conference on last Thursday.He announced that there were distributed 94,000 vouchers so far from the total 110,000 established and that a government decision will be taken next week on issuing more vouchers, for it appears that the demand exceeds 110,000 vouchers.This ...
Record plunge in used car industry
Tuesday, April 27, 2010
The used car industry in Romania posted the biggest decline in March, of 75%, from 13,060 cars to 52,897 data from DRPCIV show.In the same period of 2009, the used car market grew 259% and slumped 66% in December. The only drop in 2008 was recorded in June (-46%) to 6,493 cars and the biggest increase was observed in December (+471) to 54,712 cars.Used car registrations fell 54% in the first quarter to 35,414 cars, from 76,790 in the year-ago period, but compared to new-car registrations, ...
Car market grows by 125.5 p.c., in March
Tuesday, April 27, 2010
The Romanian market's sales of new vehicles, both cars and commercial vehicles, amounted to 10,383 units, in March, by 125.5 percent more compared to Feb, say the statistical data the Association of Carmakers and Importers (APIA) made public on Monday.The new car sale grew by 142.6 percent, and the car and trade vehicles imports went up by 78.2 percent, the exports increased by 23.9 percent, while the local car production rose by 30.5 percent.The new car sales totaled 33,513 units over the ...
Carrefour To Open Its First Bucharest Supermarket, A EUR500,000M Invest
Tuesday, April 27, 2010
Retailer Carrefour will open Wednesday its first supermarket in Bucharest and the 26th in Romania, following an investment of EUR500,000, the company said . The company plans to open ten other supermarkets, most of them in Bucharest, and a hypermarket in Drobeta-Turnu Severin, general manager Patrice Lespagnol told a news conference. The average area of a Carrefour supermarket varies between 600 and 800 square meters.In Romania, Carrefour sales rose 7.3% in the first quarter of the year to ...
Pet Centar opens first store in Romania
Tuesday, April 27, 2010
Croatia-based pet supplies and accessories store, Pet Centar will open its first store in Romania early next month, in Military Shopping Center, developed by Atrium European Real Estate Limited.“The store will be located at the main entrance into Auchan supermarket, near Media Galaxy, with separate passageway from the parking. The gross leasable area is 860sqm, the contract being for 10 years, with the possibility to extend it to 15”, Bogdan Dancau, director of Atrium European Real ...
Indesit Romania CEO: Romanians pay less for household appliances
Tuesday, April 27, 2010
Romania is the cheapest country in Europe when it comes to the amount of money paid to buy a household appliance, says Giuseppe Parma, CEO of Indesit Romania. Clients pay here an average of 999 lei for a refrigerator, a washing machine or a cooker, he says, while in Turkey the price is almost double. The reason is simple – people do not have enough money and producers orient themselves according to the market, Parma considers, quoted by Business Magazine. People who bought appliances did it ...
Medicover founder predicts end of subscription business in private healthcare
Tuesday, April 20, 2010
Dan Lazarescu, a former shareholder in Rombel (today Medicover) medical services operator and in TotalSoft software company, says the times when clinics generated most of turnover through subscriptions are close to the end as subscriptions are a "temporary" solution" for a fledgling market. "(...) Subscriptions were something temporary for one to subsequently connect to the classical system entailing a provider and an insurer. This does not mean, though, these private clinics will go ...
MedLife opens the second private hospital and takes to acquisitions outside Bucharest
Tuesday, April 20, 2010
MedLife medical services provider plans to open the second private hospital this year, in a central area of Bucharest, and launch another three clinics, two in Bucharest and one in Cluj, with investments poised to go beyond 20m euros. In parallel, the firm says it is in advanced talks for several acquisitions outside the capital city. "The development plan for this year will be more aggressive than ever. We've budgeted maximum expenditures of 20m euros for organic growth, namely for the ...
Sixt New Kopel takes over Bucharest car dealer for 6m euros
Tuesday, April 20, 2010
Israeli group New Kopel, which is involved in operational leasing, rent-a-car, and sales of new and second-hand cars, has acquired a Bucharest auto dealer this week for 5.7 million euros, according to information published on the Tel Aviv stock exchange. The company's report specifies that the dealership taken over covers 4,150 square metres, and involves a showroom, a service centre and a car parts storage facility. Company representatives did not wish to specify the name of the ...
March, best month of the past six months for car market
Tuesday, April 20, 2010
The launch of the old car scrappage scheme slowed down new car sales decline to 20% in March, after more than 16 months of 40-50% decreases. A number of 10,500 new cars were sold in March, down around 20% from the same month of 2009, according to the data several players on the market sent ZF, so that car sales revolved around 18,000 units in the first quarter. "In the first quarter of this year, car sales dropped by around 40% from the same period of last year," underscored Catalin Manta, ...
Telecom market: War of prices continues
Tuesday, April 20, 2010
The war of prices on the Romanian telecom market will not subside over the next three to four years, either, and the yet low rate of usage of Internet access services in Romania is the chance for operators to boost their average revenue per user, say representatives of telecom companies."We are still behind as far as Internet usage is concerned, with operators still investing and building networks in order to be able to offer high-speed internet - that would also allow the provision of ...
Romtelecom and Cosmote get Raiffeisen Bank's telecom services account
Tuesday, April 20, 2010
The mixed sales team of Cosmote and Romtelecom, two of the largest telecom operators on the market, with the same majority shareholder, last year gained the telecom account of Raiffeisen Bank, one of the biggest integrated communication services contracts in Romania, worth several million euros a year, according to the data obtained by ZF. Romtelecom had been providing telecom services to the bank since 2005, so that the main novelty brought by the contract signed last year is Raiffeisen ...
Comarnic-Brasov highway a fiasco
Tuesday, April 20, 2010
The contract for the construction of the Comarnic-Brasov highway (55 kilometres), worth 1.9 billion euros, including VAT, imploded today after the Vinci-Aktor consortium requested the termination of the first public-private infrastructure contract on the local market. The most heavily promoted project of the Transport Ministry has therefore turned into a failure, after a tender that took two years to complete.Vinci-Aktor and the representatives of Compania Nationala de Autostrazi si ...
Tarom traffic up 26% in Q1, returning to 2008 level
Tuesday, April 20, 2010
State-held airline Tarom carried 415,000 passengers in the first three months of this year, 26% more than in the similar period of last year, and almost the same as the number of passengers recorded in 2008.The rise comes a year after the carrier recorded steady declines in passenger traffic, amid a reduction in the number of clients travelling for business, as well as amid a migration of passengers to low-cost carriers."Ever since the beginning of this year, there has been a ...
EUR 40 ml for building conversion into new Sanador hospital
Tuesday, April 13, 2010
The Sanador Medical Center has rented a 15,000 sqm building from Castrum Corporation with a view to opening here a general hospital in an investment worth 40 million euros, informs a release of real estate company DTZ Echinox. The 120-bed hospital will open in September 2010. Out of the 15,000 sqm of the building rented in Bucharest, 11,735 sqm are lettable area divided between A wing (3,121 sqm) and B wing (8,614 sqm). The project also has three below-ground levels, with 200 ...
Carpatair adds 4 new flights to Italy
Tuesday, April 13, 2010
Carpatair airline with hub in Timisoara, will strengthen its Bucharest operations by introducing four new direct flights from Bucharest (Otopeni airport) to Milan (Bergamo airport), Verona, Bologna and Venice, effective May 17, 2010. One-way ticket prices start from €9 plus fees.By adding new direct flights from Bucharest, Carpatair is strengthening its leading position in Romania and in the region. The company has the highest frequency of weekly flights (158 flights) and flies to nine ...
Prices of houses in Romania reach lowest level in past three years
Tuesday, April 13, 2010
After almost two years from the first downturn signs on the Romanian real estate market, opportunities are starting to emerge not only for investors, but also for the ordinary people, individuals that want to buy a house, reads Financiarul daily , based on a study made by the portal imobiliare.ro. In most big cities the number of offers at prices that everybody wished for two years ago increased, and the real estate 'bargains' come from the new constructions sector. Nevertheless, with some ...
Statistics: Sales of automobiles, motor vehicle down by 26pc Jan.-Feb. 2010
Tuesday, April 13, 2010
Trade in automobiles and motor vehicles in Romania was down by 26.1 percent unadjusted series January-February 2010 and down by 26 percent adjusted for business days and seasonality compared with the similar interval of 2009, according to data with the National Statistics Institute (INS).Market services were up by 8.4 percent unadjusted series and also 6.4 percent adjusted for business days and seasonality in the first two months of 2010, year on year.INS explains that ...
Logan, sole foreign model in Top 5 auto sales in Russia
Tuesday, April 13, 2010
Dacia Logan model sales on the Russian market advanced 30 percent in the first three months of the year, to 12,570 units, whereas the auto market contracted 25 percent to a total of 293,030 units, Ziarul financiar reads on Monday.According to the Auto makers commission within the European Companies Association in the Russian Federation, Dacia Logan ranked third in the classification of top models according to sales, the other four models being Lada makes. On top two spots are Lada ...
Record registrations of Dacia cars in Spain
Tuesday, April 13, 2010
Dacia brand's market share in Spain climbed from 0.95 percent up to 1.69 percent January through March, in the context in which, last month only, registrations of cars produced at the car plant in Romania, increased three times and a half, reads the Gandul daily on Tuesday.In March, registrations of Dacia cars surged 247 percent, up to 1,815 units, while the market share doubled to 1.58 percent from 0.75 in March 2009, according to data provided by the Spanish Association of Car, ...