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Romania is country of malls
Tuesday, March 2, 2010
Over the last three years Romania has been the most important target of investments in the region for the real estate developers, who assaulted the market with 33 new shopping centres, following investments of approximately 2.5 billion euros, indicates an analysis of Ziarul Financiar daily.In other words, on average, a new shopping centre was inaugurated every five weeks either in Bucharest, or in the big cities such as Cluj (central Romania) or Constanta (south-eastern Romania), ...
Dacia, an increased market share in Germany, in 2010
Tuesday, March 2, 2010
Even though, in general, the auto market in Germany will follow a downward trend this year, as well, Renault and Dacia will further increase their market share in this country, estimates Renault Germany chairman Achim Schaible in an interview given to Die Welt.Schaible hopes that in 2010 RenaultDacia brand market share in Germany will advance 4.5 percent despite an weak outlook in this sector.On medium term, Renault plans a market share of six percent by 2012, in Germany, for its ...
Fiat enters 'Car scrapping plan' with discounts of up to 5,800 euros
Tuesday, March 2, 2010
Fiat enters '2010 Car scrapping plan' and offers reductions of up to 5,800 euros, with VAT, in addition to the three bonuses in the value of 2,700 euros, AutoItalia Group, sole importer of the Italian carmaker to Romania, informs in a release.According to the quoted source, Fiat comes on the market with Ecoplus bonus in addition to the three scrapping bonuses and offers the final customer an advantage of up to 5,800 euros (including VAT).As such, the Remat 2010 package ...
Straco gets EUR 8 ml in extra funding for Bucharest South Belt Highway
Tuesday, March 2, 2010
Straco Group, a company running on Romanian capital, received an extra eight million euros for works on a section of the Bucharest South Belt Highway, informs a release of the National Roads Company (CNADNR). According to the ad posted on the Electronic Public Procurement System, CNADNR and Straco signed an additional document for the rehabilitation and enlargement to four lanes of the South Belt section 43 - 55, in an add-on worth 33.26 million lei (VAT excluded), or more than ...
Blue Air to open flights to Bangkok and Havana this May
Tuesday, March 2, 2010
Blue Air low-cost air carrier will open this May weekly flights to Bangkok (Thailand) and Havana (Cuba), its first destinations outside Europe, Blue Air General Manager Adrian Ionascu reports.'Blue Air has concluded a partnership with Italian Distal Group carrier consortium, which includes Blue Panorama, to operate these flights outside Europe, and with a domestic company of Italy and an airport handling company. Under this partnership, Blue Air will carry 20,000 passengers on its ...
PM Boc at Danube Summit: We must be good at drafting strategies and at practical aspects too
Tuesday, March 2, 2010
Romanian Prime Minister Emil Boc told the participants in the Conference on the Danube Strategy here on last Thursday that the involved players must be 'good at strategies', but also at the practical aspects and he warned that strategy risks staying a mere piece of paper if not completed by projects.In this respect, Boc proposed that the railway linking central to southeastern Europe should be extended to Budapest, Bucharest and the Romanian Black Sea port of ...
The first private airport of Romania in Adunatii Copaceni
Tuesday, March 2, 2010
Nelu Iordache, the owner of Blue Air, Romstrade and La Mosie is ready to start his biggest investment, the construction of the first private low cost airport in Adunatii Copaceni on a surface of 200ha. The investment of the 43 year old businessman will be 150 – 200 million euro, as Iordache said for Ziarul Financiar. « I liked to build businesses from the scratch. I havent’t invested in real estate as I have never liked speculations. For the orchard La Mosie in Adunatii Copaceni ...
Medical services market produces another euro millionaire
Tuesday, February 23, 2010
On an effervescent private medical services market, businessman Octavian Netcu, who built a group of firms around medical equipment distributor Radiusmed, sold a 70 percent stake to British group Gada, with over 70 million euros in turnover.As a result of this deal, Netcu becomes a Gada shareholder with a 5.37 percent stake, which makes him the fifth-biggest shareholder after Italian business people, but will also collect cash, with the amount being dependent on the group's ...
Bucharest’s prime retail streets saw 40% drop in rental levels
Tuesday, February 23, 2010
The rental levels for the Bucharest’s main shopping streets, Calea Victoriei and Magheru, dropped 46.2% and 42.3% respectively in the past year, to €70-75sqmmonth, according to the findings of property adviser Cushman & Wakefield’s report. “The rents in prime streets and shopping centers remain stable in most cities across the country. In view of an aggressive competition for occupiers, incentives to retailers, such as rent free period or fit-out contribution are on the rise”, Cushman & ...
Crisis causes plots on the outskirts of Bucharest to revert to farming land status
Tuesday, February 23, 2010
Land prices have fallen less over the last two years in city centres, where the supply is quite limited, and more on the outskirts of cities and in rural areas, where investors used to acquire huge plots in the 2006-2008 period, relying on a fast horizontal expansion of cities."The crisis has shown that Bucharest's urban development will not be as fast as was expected during the years when plots on the city's outskirts were selling like hotcakes. Now plots have returned to their normal use - ...
Romania Housing Prices Seen Further Down In 2010
Tuesday, February 23, 2010
The price of Romanian housing will continue to fall this year, by around 10%-15% for newly-built properties and by 15%-20% for old homes, as clients’ incomes are estimated to drop further, said Tuesday Adrian Crivii, the general manager of evaluation and advisory company Darian. According to the company's analysts, housing prices dropped by around 30%-40% in 2009, with the highest falls recorded in capital Bucharest and the central Romanian city of Cluj-Napoca. The dwellings in the western ...
MDRT earmarks 40 million euros for tourism investment projects
Tuesday, February 23, 2010
The Ministry of Regional Development and Tourism (MDRT) has earmarked 40 million euros from its budget for 2010 co-financing of tourist infrastructure investment projects of local public administrations.The ministry's 2010 budget also provides for 500,000 euros to be extended for drawing up studies and strategies in the area of tourism development. This amount is allocated as MDRT co-financing of technical documentation and works under tourism investment projects and investment ...
Genetically modified corn MON810 has no adverse effects on human health (ministry)
Tuesday, February 23, 2010
The genetically modified corn MON 810 - cultivated in some of the EU member states, including Romania - has no adverse effects on the human and animal health or the environment, the Ministry of Agriculture and Rural Development (MADR) informs by quoting a European Food Safety Authority (EFSA) review.The MADR issued this statement following the information recently published by the Agent Green, regarding the toxicity of the genetically modified corn MON 810, authorized for EU ...
Frost afflicts 5 percent of cropland sown last autumn
Tuesday, February 23, 2010
Frost has afflicted 55,200 ha, representing over 5 percent of the total fields sown last autumn, more than half being sown with wheat and rye, read data the Ministry of Agriculture and Rural Development (MADR) . As many as 3.096 million ha were sown, 2.075 of them with wheat and rye, in autumn, 2009. According to the MADR data, a precise situation of the sown fields that the frost has ruined, will be available only in April, when the crops start growing. Weather Forecast Company official ...
Romania Hopes To Scrap At Least 60,000 Cars In 2010 Clunkers Program
Tuesday, February 23, 2010
Romania’s government estimates it will scrap at least 60,000 used cars this year within the clunkers program after last year’s program only managed to scrap about half the number of cars planned, Prime Minister Emil Boc said Thursday."Last year, we scrapped over 32,000 cars but we had an economic contraction of 7%. This year we expect economic growth of 1.3%, so we hope things go better," Boc said at the launch of the 2010 car park renewal program. Romania has assigned a total 228 ...
Romania - the lowest EU car market in January. Portugal +62%
Tuesday, February 23, 2010
January 2010 was the lowest month for the Romanian car market in 20 years: only 2,100 new cars have been registered, meaning an 85% drop against January 2009. This was the lowest decrease in the European Union car market business, according to ACEA - European Automobile Manufacturers' Association. Hungary, Bulgaria and the Baltic states saw significant drops, while Portugal, Sweden and Denmark recorded increases between 30 and 60%. January has been a disastrous month for new car ...
Romanians spend 212 m euros on TV sets, in 2009
Tuesday, February 23, 2010
Romanians bought LCD and plasma TVs worth almost 60 million euros in the last two months of 2009, almost as many as in the first six months of the same year, and this because the price cuts and the winter holiday purchases, the Ziarul financiar informs on Wednesday, quoting data a GfK Romania report reveals. All in all, 212 million-euro worth TV sets were sold in Romania last year, 32.6 million euros from sales of CRT TVs, and 179.8 million euros from the latest generation TVs, GfK ...
Poultry market at 1.1 billion euro
Tuesday, February 23, 2010
The Romanian market of poultry products grew last year by 15% compared to 2008, to 1.1 billion euro because of higher consumption on the background of price stagnation. This year prices might drop if subsidies are not granted in this sector, Ilie Van declared.“It is an increase we expected because poultry products sold well last year as prices remained at 2008 level as against other meat products,” said Ilie Van the president of the National Union of Poultry breeders of Romania, quoted by ...
GPS and photo cameras in demand at Germanos
Tuesday, February 23, 2010
Although last year photo camera sales dropped by 45%, Germanos, the most important mobile phone retailer in the local market announced that sales registered bigger sales than in 2008 in the 250 stores in the whole country.Among products sold well in 2009 there are satellite navigation systems and Bluetooth kits.GPS system sales grew significantly although their segment dropped by 25-30% in 2009, while hands free kits which represent half of the value of accessory sales registered a two ...
Cluj Napoca Airport passenger traffic up 36 pct
Tuesday, February 16, 2010
Passenger traffic at the Cluj-Napoca International Airport was 36 percent higher in January 2010 in comparison with the same period of the year before. 'In January 2010 there was a significant growth in passenger traffic at the Cluj-Napoca International Airport, with 60,035 travelers passing through the facility, that is by 36 pct more than the 50,054 registered in January 2009,' reads a release of the Cluj County Council Press Bureau. Apart from the growth in passenger numbers, ...