Economic
Agriculture Minister: An opportunity for Romanian produce to be promoted through Metro store chain
Tuesday, January 19, 2010
Romanian agri-food products could be promoted in Germany through Metro store chain, starting this summer, announced on Friday, in Berlin, the Romanian Minister of Agriculture and Rural Development, Mihail Dumitru, who takes part in the 'Green Week'.'I discussed with the general manager of Metro Cash&Carry Group, Michael Wiedmann, about the possibility to develop the activity of promotion for the Romanian products in Germany through their distribution chain. I have established ...
Romania's unexploited agricultural potential targeted by investors
Tuesday, January 19, 2010
Romania remains an alluring country for investors due to its unexploited agricultural potential, State Secretary of the German Federal Ministry for Food, Agriculture and Consumer's Protection Gert Lindemann said on Friday in a seminar organized by the German Economy Eastern Committee, as part of the Green Week exhibition hosted by Berlin.'Without Romania, the European Union would not be complete and it would be a great thing for the EU if Romania's great agricultural potential ...
Romania To Grant Subsidies For Agricultural, Forestry Products Processing Operations
Tuesday, January 19, 2010
Romania’s Agriculture and Rural Development Ministry said Thursday it received the European Commission’s decision allowing the ministry to grant state aid in the agricultural and forestry product processing field. The decision was adopted following the steps taken by the Management Authority for National Rural Development Program (PNDR) starting October 22, 2009, when Romania notified the European Commission regarding subsidies for processing agricultural and forest products.The total ...
Agriculture Minister plans to promote Romanian produce in Europe
Tuesday, January 19, 2010
The new Minister of Agriculture Mihail Dumitru plans to develop a bunch of priority programs for the promotion of Romanian products on the European market, with a view to narrowing the deficit with food products. 'We will develop some programs to help farmers promote their products on the European market, but on other markets as well. We intend to expand certain promotion programs to other agri-food products, because now we have such programs only for wine, vegetables & fruit, and ...
Americans build vacation village in Apuseni Mountains
Tuesday, January 19, 2010
A group of 25 American investors from the states of Georgia, Ohio and North Carolina are building a vacation village called New Vista in the mountain community of Pietroasa (Bihor county, Apuseni Mountains). This is designed as a tourist attraction and treatment site covering several hundreds of hectares. According to president of the Bihor County Council Radu Tarle, other Americans arrived on January 14 with plans to develop their business in Bihor around this project. ...
Every Romanian to have national health insurance card by 2012
Tuesday, January 19, 2010
Romanian Health Minister Cseke Attila said Sunday in a press conference that by 2010 every citizen would have a national health insurance, which would contain all insurance information.The minister said this card would remove the need for citizens to travel to the National Health Insurance House and get proof of having paid their healthcare contributions.The health minister said that the cards would be issued by 2012, by which time a solution for uninsured people should also be ...
Chinese Chery automobile’s Romanian market entry postponed for Sept
Tuesday, January 19, 2010
The Romanian market entry of Chinese carmaker Chery Automobile, planned for the beginning of this year, has been postponed for September pending its Euro 5 models and certification that the Chinese cars are compatible with European standards."We planned to start importing the Chery brand at the beginning of this year but there have been delays over documents. Meanwhile, they launched Euro 5 models and we've decided to enter the Romanian market directly with these models. That means we've ...
German market could draw in another 55,000 Dacia cars in 2010
Tuesday, January 19, 2010
The Romanian exportation star on the German market was Dacia cars line with over 85,000 units sold in 2009 and the estimates for 2010 indicate the sale of other 55,000 units.'Roughly 85,000 Dacia cars of Logan and Sandero series were delivered last year on the German market, plus another 5,000 units that the Germans bought from Romania', Councillor Minister at the Romanian Embassy to Germany Vladimir Ciobanasu told Agerpres.Germany ranked first as delivery market for ...
Romanian new car market dropped 59% in 2009
Tuesday, January 19, 2010
In 2009 in Romania about 116,000 new cars registered, dropping 59% against 2008, while the second-hand Romanian car market dropped 29%, amounting to 213,000 units, the Driving Licence and Car Registration Authority informs. January was the best months for car registration - about 14,000 units - and half of the last year months saw under 10,000 units registration, Regarding second-hand cars, March saw a boom - over 52,000 units, but in none of the last eight months did registration go over ...
First self-storage warehouse, an 8-million euro investment
Tuesday, January 19, 2010
EuroMiniStorage company launched on this Monday, in Bucharest, the first and the only self-storage area in Romania, an eight million euro investment. The building is located at the exit of Bucharest towards Autostrada Soarelui (Sun's Motorway) in southern Bucharest, and the access inside is made only on a card basis. The new service EuroMiniStorage made available provides storage room of various dimensions (from a couple of square-metre, small cupboards to large rooms or even market halls), ...
Notary fees for Bucharest apartment transactions down 30%-40% in 2010
Tuesday, January 19, 2010
The notary fees for transactions with Bucharest apartment would decrease by 30%-40% this year, due to the downfall of the real estate market, according to the informative value guidebook of real estates for 2010. Notaries update the guidebook once a year, establishing the informative values of residential, commercial, and industrial properties, based on the transactions carried out in the previous year and the estimation of real estate market evolution. As of 2007, natural persons pay ...
The Comarnic-Brasov motorway section to be inaugurated in four years
Tuesday, January 19, 2010
The Comarnic-Brasov motorway section will be inaugurated in four years, that is in January 2014, and the operation, construction, financing and design costs amount to 4.8 billion euros, declared on Monday Dana Galben, Ministry of Transport and Infrastructure concessions director, upon signing the concession agreement with the Vinci and Aktor companies.The procedures for this agreement started in 2003, meanwhile a tender for this 4.7 billion euro concession, the first of this high ...
Europe liberalizes railway market. How about Romania?
Tuesday, January 19, 2010
Railway traffic has liberalized as of January 1 2010 in the EU area. It means that European operators of services of the kind have the right to enter any EU market. Romania has all chances to be avoided because of its old infrastructure.The liberalization of the railway market does not seem to be taken into account seriously by Romanian authorities. A director of CFR Passengers said the railway infrastructure in Romania is not fit to attract foreign investors. His affirmation is true. ...
Japan to lend EUR315M to Romania for Bucharest train station-airport subway line project
Tuesday, January 19, 2010
The Japanese Government will grant a loan of JPY41.87 billion (nearly EUR315 million) to Romania for the construction of a subway line reaching the international airport in Otopeni, outside capital city Bucharest, Romania’s Transport Ministry said . Transport Minister Radu Berceanu met with Japan's Ambassador to Bucharest, Natsuo Amemiya, who told Berceanu the Japanese Government decided to grant Romania a Japanese ODA (Overseas Development Aid) Loan to help extend Bucharest's subway ...
Dacia ranked third most reliable cars after Daihatsu and Lexus
Tuesday, January 12, 2010
French people consider Romanian-built Dacia one of the most reliable cars, ranking it third after Daihatsu and Lexus in a study ordered by consumer group UFC-Que Choisir. The Renault group's low-cost brand, Dacia, was awarded a 92.61% reliability index, ranking it the most favorable car brand during the economic crisis. The two cars taking up the top positions are part of the Toyota group and keep last year's ranking: Daihatsu - 96.02%, Lexus - 94.13%.The Romanian car did well in ...
November's arrivals in hospitality facilities down 15.8 pct
Tuesday, January 12, 2010
Check-ins with Romania's tourist accommodation facilities were by 15.8 pct less in November 2009 compared to November 2008, reads a Wednesday release of the National Statistics Institute (INS). The number of overnight stays in tourist accommodation facilities also dropped 17.9 pct in November 2009 from November 2008; a steep downward trend was actually noticeable over the first eleven months of the year from the corresponding period of 2008, with the number of arrivals by 16.3 pct ...
ARAI urges adoption of new programme of aid for constructions sector in Romania
Tuesday, January 12, 2010
Adoption of a new programme of aid for the constructions sector, as part of the national real estate market policies, is needed both for population and for the Romanian economy, says the Romanian National Association of Realtors - ARAI.'Even though in 2009 this programme failed to fully hit the target, namely the revival of this sector, it is a must as a main component of the measures aimed to counter the economic crisis effects, measures the government should adopt in an emergency ...
Govt' extends deadline of current First Home programme
Tuesday, January 12, 2010
The Government decided on Wednesday Jan. 6, to extend the deadline of the current shape of the First Home programme by Feb. 15, when a restructured formula placing more emphasis on the building of new homes will be put forward, PM Emil Boc announced at the Victoria Palace (Govt hqs), on Wednesday.He underscored that there are 11,500 applications for the First Home programme, so far, which proves, according to him, that after six months in progress, the programme has attained its ...
Romanian Company Metrorex To Spend Up To RON60M On Subway Line Extension Works
Tuesday, January 12, 2010
Bucharest subway company Metrorex will pay an estimated 59.5 million lei (EUR1=RON4.2282), VAT not included, to finalize construction works on subway sector 1 Mai-Parc Bazilescu, part of mainline IV, the company said . Metrorex will set up two online auctions to select the companies that will execute the works. The first auction targets works on installations and finishing operations on technical spaces, for an estimated RON31.3 million, VAT not included. The contract will run for one year ...
Constanta Airport passenger traffic up 30 pct in 2009
Tuesday, January 12, 2010
Passenger traffic at the 'Mihail Kogalniceanu' International Airport of Constanta was of 89,373 persons over the first 11 months of 2009, up 31 percent compared with the year before, the Ministry of Transport informed. National Company the 'Mihail Kogalniceanu' International Airport of Constanta SA closed its activity in 2009 (between January 1 and November 30, 2009) with a net profit of 580,034.52 lei. (1 euro trades for 4.2 lei) Over the same period 4,177 aircraft movements were ...