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Economic
Poultry subsidies scrapped as on Jan. 1
Tuesday, January 5, 2010
In keeping with European regulations, the current poultry subsidy of 1.6 lei per kilogram is being scrapped as of January 1, because the three-year transition period during which Romania was allowed to grant such subsidies is running to end. The Romanian authorities announced that they would notify Brussels within shortest time of the aid forms that can be granted beginning 2010. The assignment of funding from the state budget to support the welfare activity in the ...
Chocolate producers post up sales worth more than 26 M euros in December
Tuesday, January 5, 2010
The Romanian chocolate producers expect sales worth more than 26 million euros in December, due to the winter holidays always representing a peak season in terms of consumption of chocolate.'December represents approx. 13 percent of the total annual sales of a producer', Cristian Stancu, the marketing manager of Supreme Chocolat, the producer of Primola brand told Ziarul financiar daily.He also estimated a stagnation in the sales corresponding to the 2009 winter holidays ...
Creams account for a quarter of the total sales in pharmaceutical networks
Tuesday, December 22, 2009
Sensiblu, Catena, Sona, Help Net, Remedio and Centrofarm, which are the main pharmaceutical networks on the domestic market, recorded total sales worth more than 80 million euros on the non-pharmaceutical segment January through September this year, that is almost a quarter of the total sales worth more than 360 million euros of the networks, according to Ziarul financiar daily.The 6 networks operate almost 800 pharmacies, that is 12 percent of the total number of pharmacies in ...
Plus opens two more stores in Romania
Tuesday, December 22, 2009
The German-based discount store chain, operated by Pludi Market in Romania, opened two more Plus units in Toplita, Harghita and Oravita, Caras Severin, following a total investment of €3 million.The opening of the two stores has thus increased Plus chain in Romania to 94.The new store in Toplita has a gross surface of 1,200 sqm and a retail surface of 1,000sqm. The store has 60 parking spaces.The new store in Oravita has a gross surface of 1,200 sqm and 160 parking spaces.Plus is active ...
Metrorex increases transport capacity by 19 pct
Tuesday, December 22, 2009
The Metrorex subway network in Bucharest has increased its transport capacity by 19 percent this year, as following investments made in infrastructure, with the average number of passengers on a daily basis climbing some 4 percent up to 500,000 people, Ziarul financiar daily reads on Friday.The company has finished this year works at the structure and assembly of the Nicolae Grigorescu - Anghel Saligny segment (measuring 4.7 kilometres), which is now functioning to full capacity. ...
Tarom joins SkyTeam alliance in June 2010
Tuesday, December 22, 2009
Tarom will join the SkyTeam alliance in June 2010 and will adopt the Flying Blue fidelity program belonging to Air France and KLM companies.SkyTeam is the second largest international air alliance in the world and includes 11 members: Air France, KLM, Alitalia, Aeroflot, Czech Airlines, Delta Airlines, Aeromexico, China Southern, Korean Air, Air Europe and Kenya Airways.“By joining this alliance, passengers of Tarom company will have access to a broad network of destinations (over 18,000 ...
Romanians will fly by Niki Lauda’s company in February
Tuesday, December 22, 2009
Niki low cost air operator, founded by Formula 1 champion Niki Lauda will fly between Bucharest and Vienna as of 1 February 2010. The Austrian company will take advantage of the empty place in the market left after the bankruptcy of Sky Europe, the traditional operator on that route.The airline will use an Airbus A320 plane leaving from Henri Coanda Airport. The price of a one-way ticket will be 29 euro plus VAT.Blue Air, another low cost operator also flies between Bucharest and ...
Total total volume of merchandise moving through Romanian seaports, down 33 pct
Tuesday, December 22, 2009
The total total volume of cargo handled through the Romanian seaports based in Constanta, Mangalia and Midia stood at 38.3 million tonnes January through November 2009, that is a drop by 33 percent on the same interval in 2008, according to the data released by the National Company Maritime Ports Administration SA Constanta (CNAPMC).The company's managers estimate a total volume of merchandise standing at 42 tonnes in end-year.According to the abovesaid source, the total ...
Turda's salt mine to re-enter tourist and spa circuit
Tuesday, December 22, 2009
Turda's salt deposit (Romanian: Salina Turda), (central-west) is to re-enter the tourist and spa circuit in January 2010, after ample rebuilding and modernization works were carried out here in the latest years.The works absorbed European Funds worth 4.8 million euros and 1 million euros in co-financing from the Turda City Hall and the Cluj County Council. The Turda City mayor Tudor Stefanie told Agerpres that by the finalization of this project, appreciated by many of the ...
Bucharest, 14th in Europe for hotel tariff
Tuesday, December 22, 2009
The average price per room for the hotels in Bucharest dropped by 19% in November, at 81.43 euro in the context of economic crisis,the capital ranking 14th in a top of 20 European cities made by the hotel.info. booking service. In November 2008 the units in Bucharest had a tariff of 100.61 euro. “ There is an increase of prices in comparison to the other months, both for Europe and worldwide. However, accommodation prices in November this year under under those in November 2008” shows an ...
New car sales sink 53% in Jan-Nov
Tuesday, December 22, 2009
New car sales fell 53% in the eleven months through November this year, to 121,931, from 257,852 in the same period of last year, according to data provided by APIA. In November, Dacia sales fell to 2,592 cars corresponding to a market share of 26.5%. After the first eleven months, Dacia car maker has a share of 30.4% of total sales in Romanian car industry. Imported car sales dropped 30% to 7,189 from 10,202 cars. In the 11month period through November, Dacia takes the leading position with ...
Dacia, sales on rise in Europe
Tuesday, December 22, 2009
Dacia car registrations in Europe amounted in November 2009 at 23,082 units, a jump by 57.2 percent from November 2008 (14,682 units) and the local carmaker share climbed from 1.6 to 2 percent, according to statistics of the European Automobile Manufacturers' Association (ACEA).ACEA statistics are focused on the auto markets in the 28 European states - 25 in the European Union (without Cyprus and Malta) and three EFTA states - Iceland, Norway and Switzerland.In the first 11 months ...
The Ford in Craiova was distributed in Europe
Tuesday, December 22, 2009
Ford delivered at the beginning of November Transit Connect produced in Craiova both to dealers in Romania and to those on European markets, such as Great Britain, Germany, Italy, Bulgaria etc. “ At the beginning of November, Ford Romania started the delivery of vehicles assembled in Craiova. Thus, Ford Romania delivered units Transit Connect to Ford dealers in Romania and other European markets, such as Great Britain, Germany, Italy, Bulgaria, etc.” Nadia Crisan said, the representative of ...
The first tractor will come out of the Hoyo Works in Rasnov in 2010
Tuesday, December 22, 2009
The production of the first tractor of Hoyo Tractors in Rasnov will not take place in December this year, as it was planned, but at the beginning of next year due to delays in the assembling area of the works. “ We are not discouraged by this delay. As a result, we intend to take part in the “Scrapping “ programme for tractors which starts next year” the executive manager of the company Denisa Vasilescu said. Hoyo tractors inaugurated at the end of September in Rasnov a ...
Ford Fiesta - Car of the Year 2010, in Romania
Tuesday, December 22, 2009
The new Ford Fiesta model, late on Tuesday, won the title of the Car of the Year 2010, in Romania, with 207 points, while second-ranked Opel Astra trailed far behind.Through the prize, Ford becomes the single car brand to which the members of the Romanian Auto Press Association (APAR) awarded three car-of-the year awards. Small class Ford Fiesta was followed 80 points behind by Opel Astra (124 points) and Volkswagen Polo came the third with 108 points.Immediately after the first ...
Mercedes Benz opens auto parts warehouse in Oradea
Tuesday, December 15, 2009
Mercedes Benz Romania, importer of German-based car, has invested €3 million in an auto parts warehouse in Oradea.Given the market dynamics and the slow economic recovery, the company’s actions and market estimates were aimed at supporting and optimizing our activity”, said Michael Grewe, CEO and chairman of Mercedes-Benz Romania at the opening of the warehouse.The 4,000sqm warehouse has permanent car parts stock worth around €5 million.The company estimates that in December 2009, the ...
Metro opens new Real outlet in Romania
Tuesday, December 15, 2009
German-based retailed has invested around €23.8 million in a new 12,500 sqm outlet of its Romanian Real network, in Ploiesti.The store is located outside Ploiesti, in Blejoi, and has a selling area of 7.731sqm and a parking with over 550 spaces, which will employ around 280 persons.“We invested almost €24 million for this new store, the total investment in real,- Romania network – which counts at the moment 24 hypermarkets, amounting around half a billion euro”, said Michel Lamoot , Managing ...
Forex: Romania retail sales increase in October
Tuesday, December 15, 2009
Romania's National Institute of Statistics announced that the retail sales, excluding motor vehicle and motor cycles, some crude increased 1% month-on-month in October. At the same time, retail trade of automotive fuel in specialized stores fell by 3.4%. On an annual basis, retail sales, excluding motor vehicle and motor cycles, some crude decreased 11.9% in October. This was mainly due to decrease in automotive fuel sales and the sale of non-food products and sale of food, beverages and ...
Real estate developers compete with credit institutions
Tuesday, December 15, 2009
The mortgage loans contracted directly with the developers mean less documents, are more flexible, more easier to obtain and are designed for a shorter term between 5 and 15 years. Nevertheless, in the case of the 'First Home' programme guaranteed by the government, the term could reach up to 30 years, with the interest rates fluctuating depending on the 3-month Euribor, which is now found at a historic minimum. Moreover, the completion of the file to get the loans is difficult, ...
Colliers waives investment transaction fee
Tuesday, December 15, 2009
Colliers International, the leading real estate services company said it would no longer charge fees both from vendors and buyers in a transaction with a commercial property, but from one side.“Accepting commissions from both parties involved in a certain transaction sets up a severe conflict of interest. When a broker, hired by the owner of a commercial property to find suitable buyers, accepts that his client (the party who is paying his commission) is therefore the vendor - this ...