Loading page...

Romanian Business News - ACTMedia :: Services|About us|Contact|RSS RSS

Subscribe|Login

Economic

'Henri Coanda' Airport records 3.8 million passengers January through October

Tuesday, January 12, 2010

The ‘Henri Coanda' International Airport based in Otopeni announced 3.80 million passengers were served by the company January through October, 2009, reads a release of the Ministry of Transportation.Among the 3.8 million, 3.28 million passengers traveled to overseas, and 415,863 to Romanian destinations.The passenger traffic corresponding to this interval represents approx. 87 percent of the 2008 figure. The number of aircraft movements stood at 61,301, approx. the same figure as ...

Low-cost Airliner Wizz Air Estimates 21% Hike In Passenger Traffic In Romania In 2010

Tuesday, January 12, 2010

Low-cost airliner Wizz Air estimates to carry nearly two million passengers to and from Romania in 2010, up 21% from 2009 when it carried 1.65 million passengers, considering the company's intention to launch new flights and extend its fleet.Natasa Kazmer, Head of Corporate Communications and Public Affairs at Wizz Air, on Thursday said Wizz Air expects to carry nearly two million passengers to and from Romania in 2010, which translates into an increase compared to 2009, as it plans to ...

Retail sales remain under distress

Tuesday, January 12, 2010

Retail sales fell 9% in November from the same period of 2008, weighed down by “fuels, food and non-food”, according the data provided by the National Institute of Statistics.Data don’t include sales of cars and motorcycles, and are adjusted by seasonality and number of business days. In gross series, retail sales dropped 9% year-on-year.In October, the first month of fourth quarter, retail sales decreased by a seasonally adjusted 9.1%.In November, the biggest decline was recorded ...

Surveillance authority is against telcoms' participation in record-keeping systems

Tuesday, January 12, 2010

The National Authority for the Surveillance of Personal Data Processing (ANSPDCP) believes that by the telecommunication companies' participation in such record-keeping systems as debtors offices a serious violation of the right to a private life would be reached.The Authority's statement comes after an application filed by S.C. Vodafone S.A. that proposed the extension of such participants in the record-keeping systems of the debtors offices by also including telcoms.According to ...

Romanian Physicians College worried about healthcare system financing

Tuesday, January 12, 2010

The Romanian Physicians College showed concern with the situation the Romanian healthcare system will be facing because of the financing stipulated in the 2010 draft budget law, currently being debated by Parliament.The allocation of 3.6 percent of the GDP ranks Romania the last European Union country in terms of its healthcare system's financing. And this under the circumstances when the internal and the external reports draw the attention to the requirement of a massive capital ...

Romania Pharmaceuticals And Healthcare Report Q1 2010

Tuesday, January 12, 2010

According to the Business Environment Rating matrix for Q1 10, Romania moves down one place to occupy fifth position out of the 15 regional markets surveyed among the emerging economies of Europe. Despite its marginal drop in the table, Romania's current position reflects the robust nature of the country's pharmaceutical industry and the strong growth it has seen in recent months. The report therefore envisages that sales of pharmaceutical products will increase over the next 10 years, ...

Finance minister: Health reform should start by cutting the number of hospitals

Tuesday, January 12, 2010

Romanian minister of Public Finance Sebastian Vladescu declared that the Health system needs to be restructured and it should begin by cutting the number of hospitals. "Regarding health, the funds are obviously insufficient. A solid restructuring is needed for the entire health system, which should begin by reducing the number of hospitals and which should continue by transferring some of them to the local authorities simultaneously with the incomes' transfer", Vladescu added during the ...

Imported milk quantity up 50 pct

Tuesday, January 12, 2010

The Romanian dairy output over Jan. - Nov. 2009 compared to the similar period of the previous year, registered increments in only two cases: the butter output - plus 1,914 tonnes (plus 25.4 percent) and the milk output - plus 22,867 tonnes (plus 12.7 percent). The development is owed to the increase of both the imported milk quantity by 20,920 tonnes (plus 53.9 percent) as well as of other raw materials used in the production process by 9,527 tonnes (plus 14.7 percent), says a release of ...

Romania Nov Residential Building Permits -15.6% MM, -15.4% YY

Tuesday, January 5, 2010

Romania issued 3,463 building permits for residential projects in November, down 15.6% compared with October, and 15.4% lower on the year, the statistics institute INS said Wednesday.Nearly 62.1% of the building permits issued in November were for residential projects in rural areas, mirroring the same trend from the past months.The number of issued building permits fell in all areas on the month in November, most of them in the southern-Muntenia region, the country's ...

Romanian Government Delays Implementation Of Mandatory Energy Certificate Law Until 2011

Tuesday, January 5, 2010

The law stating real estate transactions in Romania would require an energy certificate will be enter force as of January 1, 2011, its implementation having been delayed by the Government through an emergency ordinance."The provisions of article 13 sections 1 and 2 of Law 3722005 on the energetic performance of buildings, which state energetic performance certificates must be drafted and made available to potential buyers or tenants by the building's owners, in the case of sale or ...

A third of the cars sold in Europe under Ramshackle car scrappage programme are Dacia

Tuesday, January 5, 2010

Almost 85 percent of the cars produced at the Automobile Dacia Renault plant based in Mioveni (southern Romania) were exported in 2009, with sales having been stimulated mainly by the launch of the Ramshackle car scrappage programmes, aimed at renewing the car park, on such big European markets, among which Germany and France, reads Ziarul financiar daily.The total weight of Dacia in Romania's 2008 exports stood at 5 percent, having went up to 15 percent in 2009, in the context ...

Romanian car exports higher in 2009

Tuesday, January 5, 2010

The Romanian car exports, during the first eleven months of the year, rose by over 56 percent, namely to 238,247 units, 99.8 percent of them being Dacia brands made at Mioveni, and the rest manufactured by Ford and Roman Brasov, report statistical data supplied by the Romanian Association of the Carmakers and Importers (APIA).As much as 85 percent of the Dacia exports went to the EU countries and were boosted by programmes of car fleet renewal in France, Germany and Italy, but also ...

Tourists' number lower by 10 pct in 2009

Tuesday, January 5, 2010

The number of tourists saw a slide of some 10 percent in 2009, but during the winter holiday season it grew due to lower prices practiced by the travel operators, announced on Wednesday, on a TV channel, spokesman of the National Association of Travel Agencies (ANAT) Traian Badulescu.According to ANAT spokesman, 400 Romanians spend their winter holidays on cruise ships and 1,000 in exotic islands. 'Austria is destination number one in terms of holidays abroad, preferred by ...

Timisoara Airport numbers by 12 pct more passengers

Tuesday, January 5, 2010

Twelve percent more passengers traveled by the airlines operational on the Traian Vuia Airport of Timisoara (western Romania), in 2009, its activity peak being attained in Aug when it totaled 111,751 passengers, by 23 percent more compared to August 2008. The rise in the number of passengers was thank to the growth in the occupancy level of the planes, and not to a larger number of flights, the Airport's manager Alexandru Chirila said.The Timisoara-based airport operated ...

EC approves financing for three major transport projects

Tuesday, January 5, 2010

The European Commission adopted on December 18 the decisions for the financing of three major projects submitted under Priority Axis 2 - 'Modernization and development of national transport infrastructure outside the TEN-T priority axes with a view to creating a national sustainable transport system,' a release of the Ministry of Transport and Infrastructure informs . The first project called 'Upgrading National Road DN24, county border Galati - Vaslui - Crasna and National Road ...

PM Boc: Gov't to establish cost standards for infrastructure works

Tuesday, January 5, 2010

The government will introduce as of March 1, 2010 a series of cost standards for public infrastructure works, declared Prime Minister Emil Boc. After Tuesday's government sitting, Boc explained that the introduction of new cost regulations would be aimed at setting limits for infrastructure spending, given the wide cost differences identified between various public works of the same category. 'In line with the cost standards we need to implement from public administration ...

Over 855 km of national roads could be operational in 2010

Tuesday, January 5, 2010

By the end of 2010, depending on the necessary financing being ensured, over 855 kilometres of national roads, that is 50 percent of the total roads being built, will be operational, according to the estimates made by the Ministry of Transports and Infrastructure (MTI).Currently 1,630.71 kilometres of national roads are being built and another 315,738 kilometres are under contract.According to MTI, the necessary financing for these projects amounts to 2.229 billion lei, of which ...

Romanian Transport Min Wants New Airport Built In Alexeni, Ialomita County

Tuesday, January 5, 2010

Romanian Transport Minister-designate Radu Berceanu wants to build a new airport for low-cost flights near Bucharest in the commune of Alexeni, Ialomita county, not in Adunatii Copaceni, Giurgiu county, a location proposed by former Transport Minister Ludovic Orban.Berceanu said the Government could use the track that already exists in Alexeni and lease it to private companies.Berceanu was endorsed for transport minister by parliamentary committees Tuesday. The Parliament holds a ...

Gov't adopts decision to guarantee production credits

Tuesday, January 5, 2010

The gov't has adopted a decision to guarantee the production credits relying on public financing, with this being ‘the first measure taken in the advantage of the farmers', according to what the Minister of Agriculture Mihail Dumitru stated.‘The farmers could obtain guarantees for production credits of up to 80 percent of the total value of the loan, with the maximum value of a guarantee that could be obtained to stand at 2.5 million euros. The Minister of Agriculture have already ...

Drug distributors' sales inch up 3.6 pct

Tuesday, January 5, 2010

The pharmaceutical market assessed at the drugs' entry point into the pharmacy, that is according to the distributors selling price, advanced 3.6 pct in the first ten months of the year to 1.7 billion euros, shows data supplied by company IMS Health.'The market performs poorly and if the system's underfunding continues and payments are further performed at large intervals, we might witness increasingly severe problems,' said IMS Romania CEO Corin Ciolan, cited by Ziarul ...

Premium News

Daily

Wednesday, November 20, 2024

Financial & Banking

Monday, November 18, 2024

Economic

Tuesday, November 19, 2024

Companies

Wednesday, November 20, 2024

Energy & Environment

Thursday, November 14, 2024