RSS
Economic
Romtelecom and Cosmote change corporate subscription plan
Tuesday, April 13, 2010
Romtelecom and Cosmote, two of the largest telecom carriers in Romania, have reshaped Convergent 1000 and Unlimited subscription plans launched in 2008, designed for companies.“We are now coming on the market with an improved proposition for Convergent, for a price which is at least 30% lower. This product already enjoyed the interest of a significant number from our customers and we are confident that this new offer will be considered useful for more companies,” stated Vasile Voicu, ...
All households in Romania will receive digital signal by 2012
Tuesday, April 13, 2010
Absolutely all households in Romania will receive digital signal by 2012, Minister of Communications and Information Society, Gabriel Sandu, on Monday announced, at the 2nd edition of the 'Romania eGovernment' forum. According to the high official, beginning with 2011, when the implementation stage of 300 national operational services is expected to be completed, the state could save as much as 35 percent of its total expenditure.'Besides such reduced spending the state ...
Satellite TV: nearly 2.5 million satellite dishes in five years
Tuesday, April 13, 2010
Satellite TV won 300,000 new customers in Romania in 2009, bringing the number of DTH, direct-to-home, services up to 2.43 million, weekly Capital reports.As 90 percent of Romanians spend their free time watching television, the DTH market is predicted to continue growth tin 2010.RCS&RDS cable operator is currently about to launch a package of high definition channels, as it is the last of the three big local telecommunications operators to have lacked such an offering. UPC has ...
European Commissioner Ciolos calls for CAP reform attuned to the expectations of European citizens
Tuesday, April 13, 2010
The Common Agricultural Policy (CAP) is one of the key policies of the European project and European integration, and after 2013, the CAP should be attuned to the expectations of the European citizens, European Agriculture Commissioner Dacian Ciolos said on Monday in a speech to the European Parliament's Agriculture Committee.Ciolos, who launched a public debate on Monday on the future of the CAP, says the CAP can make a contribution to the Europe 2020 strategy of the European ...
Romania's per capita wine consumption could grow up to 66 pct, by 2014
Tuesday, April 13, 2010
Romania wants to reach 37 litres of per capita wine consumption by 2014, meaning a 66 percent growth against the current consumption figure, of 22.3 litres per capita, the executive director of the National Interprofessional Wine Organisation (ONIV), Petre Mocanu, has made an announcement, at the conference 'Top Winemakers - Wines and Vineyards of Romania.' 'According to the strategy of the Ministry of Agriculture, the per capita consumption of wine could reach 37.1 litres by 2014 ...
Romania to develop Wine Road to Moldova
Tuesday, April 13, 2010
Romania will have a new wine road that will link it to the Republic of Moldova, capital.ro reports.The Romanian-Moldovan Wine Road, a new project of Tourism Minister Elena Udrea, that was discussed with the neighbouring Moldovan authorities is part of a larger array of projects targeting three ‘roads': of wine, of historic monuments and of monasteries.The Wine Road should link the vineyards located on either bank of the river Prut, that forms the border between Romania and ...
Romania To Receive RON198M In EU Non-Reimbursable Funds For Tourism Investments
Tuesday, April 13, 2010
Romania’s Agency for Rural Development and Fishing APDRP will contract 269 tourism investment projects, which were shortlisted for funding via the National Rural Development Plan and will receive European Union non-reimbursable funds of 198 million lei (EUR1=RON4.1305)."Projects were submitted within Measure 313 "Encouragement of tourism activities," unfolded between October 12 and November 6, 2009. EU non-reimbursable funds to be earmarked for shortlisted projects exceed RON198 ...
TUI Nordic Officials To Evaluate Romanian Seaside Potential End-May
Tuesday, April 13, 2010
Officials of Scandinavian tour operator TUI Nordic, subsidiary of German Group TUI, will visit the Romanian Black Sea Coast at the end of May to discuss with Romanian officials the possibility of resuming operations on the local tourism market as of 2011, TUI Romania general manager Tim Grosse said.Grosse added that TUI Nordic officials will also meet with Romania's Tourism and Regional Development Minister Elena Udrea.TUI Nordic had brought nearly 8,000 tourists to the Romanian seaside ...
Travel packages in Danube Delta are 50 percent cheaper
Tuesday, April 13, 2010
Only 25 percent of the accommodation offered by the boarding houses in the Danube Delta was taken during the Easter holidays and tourists are still being expected to come to this area at prices by up to 50 percent lower than last year.President of the National Association for Rural, Ecologic and Cultural Tourism (ANTREC) Silviu Gheorghe said that only 1,000 tourists preferred the boarding houses in the Danube Delta for the Easter holidays.'Compared to last year, when 70 ...
Statistics: Fewer foreign tourists in Romania
Tuesday, April 13, 2010
The number of foreign visitors in Romania registered at the border checks stood at 897,400 in the first two months this year, down 5.9% from the same period of last year. Most tourists were from European countries.EU-25 tourists accounted for about 64.6% of all inbound tourists. Hungarian tourists accounted for 44.1%, from Bulgaria – 17.0%, Italy – 7.5%, Germany – 7.2% and Austria – 3.9%. The number of seaborne tourists suffered the steepest decline in Jan-Feb period, of 83.1% ...
Bucharest Radisson Blu Hotel, leader in hospitality industry
Tuesday, April 13, 2010
The Radisson Blu Hotel in Bucharest is Romania's largest five-star hotel and the largest Radisson accommodation facility in Eastern Europe, reads a release given to publicity by consultancy group MKG Hospitality. Radisson Blu's leading position on the local hospitality market is also confirmed by the three prestigious awards it won just months after opening. Radisson Blu Bucharest was designated Hotel of the Year 2008 in South-Eastern Europe at the SEE Real Estate Awards Gala, it ...
Easter sales peak stays the same as last year for hypermarkets
Tuesday, April 13, 2010
The Easter holidays brought hypermarkets sales stabilization after three months during which the retail trade went on declining, reads Ziarul Financiar daily. The Real and Kaufland networks, two of the three biggest hypermarket operators on the market, this year posted Easter sales similar to the 2009 level in terms of value, according to the data provided by the companies. The sales rose by over 2 percent over March 29-April 3 compared to the similar week of 2009, said the ...
Toshiba Romania sold 10,000 laptop computers in first quarter
Tuesday, April 13, 2010
The local subsidiary of the Japan-based computer maker sold 10,000 notebook computers in the first quarter this year, 25% down from the same period of last year, Lucian Condruz Toshiba sales director told Wall-Street.He added that Toshiba’s market share in the notebook market had reached 10%. The computer-maker’s rivals in Romania are Acer, Asus, Lenovo and Dell.“Year-to-date sales are 25% below year-ago level, given the massive clearance sales in the first quarter 2009 for the ...
February retail trade turnover plunge 8%
Tuesday, April 13, 2010
Retail trade turnover dropped 8% in February from the same period of last year, largely due to the sharp drop in food and non-food sales and fuels, data from the National Institute of Statistics show.Indicators don’t cover vehicles and motorcycles sales and are adjusted for working days and seasonal effects. In gross series, the retail trade shrank 8.1% year-on-year.In January, the retail trade fell by seasonally-adjusted 10.3% YoY.In the second month of 2010, non-food, food, ...
Golden Foods leases 6,000 sqm in southern Bucharest
Tuesday, April 6, 2010
Golden Foods, producer of Elmas peanuts, pre-leased 6,000 sqm in Millenium Logistic Park, close to Popesti Leordeni, said mediator of the lease transaction, Colliers International.The center is developed on 56.5 hectares, in joint-venture between MLP Group from Poland and Bluehouse, from Greece. The first phase of the development will provide 12,000 sqm class A space that can host storage, logistics, distribution and production activities in July 2010. “At the end of the first ...
Banks say that house prices are expected to adjust in first half of 2010
Tuesday, April 6, 2010
In banks opinion, the house prices will further adjust in the period to come, 50 percent of them appreciating that this trend will continue in the first half of 2010, said on Wednesday Bogdan Chiriacescu, expert with Romania's National Bank, Financial Stability Division, in a seminar on the economy evolution.'Demand for mortgage loans ceased its decline in the second half of 2009. The banks expects that the house prices will continue to adjust in the period to come. As many as 50 ...
Turkey’s Medicana Mulls Building Private Hospital in Romania, In $30M Investment
Tuesday, April 6, 2010
Medicana Hospital, one of the largest private hospital networks in Turkey, plans to start end-September the construction of its first unit in Romania, in capital Bucharest, following an investment of $30 million. The Turkish company plans to build a 10,000-square meter private hospital on a plot of land it owns in Bucharest. The project would create over 500 jobs, Medicana's board chairman Huseyin Bozkurt told MEDIAFAX on Wednesday."Our intention is to attract patients from European Union ...
Private medical services market in Romania to grow by 13 pct in 2010
Tuesday, April 6, 2010
The private medical services market in Romania is one of the fastest developing markets in Central and Eastern Europe, according to a study made public by Companiesandmarkets.com.This sector has made significant progress in recent years in Romania, amid improving purchase power, while the deficiencies in the public health sector also represented a driving force to raise the private sector. On the other hand, the lack of guaranteed medical services, as well as the limited ...
Dacia cars 4th best-selling in France
Tuesday, April 6, 2010
After the end of the new cars selling system with the help of the scrappage bonus, a system whose effects start getting visible in the developments in the car registrations in France, one brand seems to score good results in 2010, and this is Dacia. The Romanian subsidiary of the Renault carmaker set an absolute record in car registrations, in March, the French daily La Tribune informs.By 16,624 cars sold, Dacia exceeded the sales of Volkswagen cars, namely 14,534 cars and of Ford cars, ...
Romania Agriculture Ministry Cleared To Take RON1.4B Loan From State Treasury
Tuesday, April 6, 2010
The Romanian Government cleared the country’s Agriculture Ministry to contract a loan of 1.4 billion lei (EUR1=RON4.0958) from the State Treasury, which will allow the ministry to make single area payments for 2009. The loan, which comes from revenues obtained by the state from privatizations, has no interests attached and will be paid back until the end of the year. Last year, the Government cleared the country's Finance Ministry to transfer to the Agriculture Ministry funds worth RON1.87 ...