Loading page...

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

Subscribe|Login

Economic

Infrastructure : Chairman of the Association of Airports of Romania: ‘ there are necessary guaranteed state loans for the whole civil aviation’

Tuesday, June 16, 2020

The chairman of the Association of Airports in Romania,David Ciceo considers that air transport was discrimated by comparison to other types of transport, such as the road or railway one, and says that the operatos in the domain require  guaranteed by the state to cover the loss registered during the sanitary crisis. He says that the airport of Cluj, whose manager he is, has losses, in May this year of 97% against the same period of last year. He ...

Danube suspension bridge from Braila to Tulcea, amplest road infrastructure development ever in this area

Tuesday, June 16, 2020

The suspension bridge across the Danube is the most ample road infrastructure development in Romania's history in this area, Transport Minister Lucian Bode declared on Wednesday, as he visited major infrastructure sites in the counties of Braila and Galati."This is the largest road infrastructure development in the history of Romania for this area. We have this 500 ml euro project underway, and then we have the tendering, design and execution of another two ...

Almost 95 pct plunge for Romania's airport traffic since beginning of state of emergency

Tuesday, June 16, 2020

Romania's airport traffic has plunged by almost 95 percent since the declaration of the state of emergency on March 15, causing huge financial losses, said David Ciceo, president of the Romanian Airports Association (AAR) and general manager of the Cluj International Airport."Traffic at Romanian airports has plummeted almost 95 percent since the declaration of the state of emergency, which has led to huge financial losses. Given that rail and road traffic have ...

Ring road projects can be transferred to city halls, if they have technical documentation approved by CNAIR

Tuesday, June 16, 2020

Prime Minister Ludovic Orban stated, on Friday, on the construction site in Biharia, that several ring roads projects will be transferred to the city halls if they have the technical-economic documentations approved by the National Company for Road Infrastructure Administration (CNAIR)."During the government sitting yesterday, we adopted an emergency ordinance by which we decided to transfer to city halls construction projects for ring roads. For all the ...

Minister Bode: Romania needs investments of almost 80 B euro in transport area, in the next 10 years

Tuesday, June 16, 2020

Romania needs investments of almost 80 billion euro in the transport area, in the next 10 years, and the money will be taken from European funds and the state budget, Transport Minister Lucian Bode announced on Tuesday evening."Our assessments reveal that, in the next 10 years, Romania needs, on all ways of transport, road, rail, aerial and naval, investments worth 77.9 billion euro, of which 41 billion only for road infrastructure. It is a fundamentally ...

Agriculture: Environment Ministry invested up to 10 million lei in degraded land in Romania

Tuesday, June 16, 2020

200616103856land_degradation_600x337.jpg

Romania has at least 500,000 ha of degraded land and the Ministry of Agriculture, Waters and Forests announced on Wednesday it can invest up to 10 million lei in degraded land in Romania, and in fighting desertification. “I said it often: Romania has at least 500,000 ha of degraded land. If it were all afforested we could obtain the biggest forest fund extension of the last 30 years. But in Oltenia the effect of afforesting the 100,000 ha could decide on the fate of ...

Romania affected by EU committments to slash pesticide and fertilizer use, increase organic farmland

Tuesday, June 16, 2020

Targets to slash pesticide and fertilizer use, but also increase organic farmland should only be promoted after thorough impact analyses and alternative solutions for farmers are found, says Agriculture Minister Adrian Oros."Romania is affected by the major challenges represented by the 50 percent cut of pesticides, the 20 percent reduction of fertilizer use, the 25 percent increase of organic farmland, which all entail higher costs and prices and the reduction by ...

Environment Minister announces 200 ml euro worth of EU funding for forestry industry

Tuesday, June 16, 2020

Small companies operating in Romania's forestry industry could access about 200 million euros in EU funding during the 2021 - 2027 financial period, Minister of Environment, Waters and Forests Costel Alexe announced the day before during a specialist debate organized in the Great Hall of the Transylvania University of Brasov.The Minister said that access to European funds would come on top of the support provided under the Common Agricultural Policy through the ...

Tourism : Re-open EU: Commission launches a website to safely resume travelling and tourism in the EU

Tuesday, June 16, 2020

The Commission is launching ‘Re-open EU’, a web platform to support a safe relaunch of travelling and tourism across Europe. It will provide real-time information on borders and available means of transport and tourism services in Member States. Re-open EU will also include practical information provided by Member States on travel restrictions, public health and safety measures such as on physical distancing or wearing of ...

PM Orban: 80 pct of Romanians want to spend holiday in Romania

Tuesday, June 16, 2020

Prime Minister Ludovic Orban stated that, according to a poll of the authorities, 80 pct of Romanians want to spend their holidays in Romania and he recommended to them to go on holiday in the country, stating that "we have so many beautiful places to see.""According to the poll we made, 80 pct of Romanians want to spend their holiday in Romania. Meaning the number of Romanians that want to spend their holidays in Romania than in other countries and my ...

First Moxy hotel in Romania opens in Bucharest in July

Tuesday, June 16, 2020

Lithuanian group Apex Alliance Hotel Management will open the new Moxy Bucharest Old Town hotel on July 20. This will be the first hotel under this brand in Romania. Moxy is a brand of the Marriott group that targets millennials. The Moxy Bucharest Old Town is located on Doamnei Street, close to another local property of Apex Alliance – Hilton Garden Inn. It will have 119 rooms and features aimed at revolutionizing the ...

Telecom. IT: Mobile Internet was most affected by security incidents in 2019

Tuesday, June 16, 2020

Mobile Internet was the telecommunications service most affected by security incidents in 2019, ANCOM informed, while announcing an increase of the number of security incidents with significant impact of 43% (from 556 to 794) in 2019 compared to 2018. “While in 2017 and 2018 the most affected services were those of mobile telephony and short texts, in 2019 most connections affected by significant incidents were mobile Internet and mobile data ...

2020 Digital Economy and Society Index : Romania ranking 26th out of 28 EU Member States

Tuesday, June 16, 2020

Romania has made slow progress towards a digital economy and society, ranking 26th out of 28 EU Member States in the 2020 Digital Economy and Society Index (DESI) published by the European Commission. DESI is a composite index that tracks the evolution of EU Member States across five dimensions: Connectivity, Human Capital, Use of Internet, Integration of Digital Technology, and Digital Public Services. DESI 2020 reports are based on 2019 data. The ...

Cars: New car registrations in Romania decrease by almost one third five months into 2020

Tuesday, June 16, 2020

New car registrations in Romania decreased by 31.43% in the first five months of 2020, compared with the same period of the previous year, while the decrease in the used cars segment was almost 16% at a comparative level according to statistics with the Directorate for Driving Permits and Vehicle Registration (DRPCIV) released on Tuesday.According to the centralised data, January-May 2020, 39,455 new cars were registered locally, as against 57,538 units in the ...

Eurostat: Romania ranks last in EU in terms of 2018 motorisation rate

Tuesday, June 16, 2020

Romania was last in the European Union in 2018 in terms of the motorisation rate, with just 332 passenger cars per 1,000 inhabitants, according to data published on Thursday by the Eurostat European Statistical Office.The highest motoristaion rate was recorded in Luxembourg (676 cars per 1,000 inhabitants in 2018). However, cross-border workers using company cars registered in the country may influence this figure. Luxembourg was followed by Italy (646 cars), ...

Cars: In 2019, Romania had 8.7 million road vehicles, of which 78.6 pct older than 10 years

Tuesday, June 9, 2020

The total number of road vehicles registered for circulation, in the logs of the Directorate for Driving Licences and Vehicle Registration (DRPCIV), at December 31, 2019, was 8,749,390 vehicles, of which 78.1 pct belonged to individuals, according to a study of the National Institute for Statistics (INS).Of the total number of vehicles registered in circulation, 78.6 pct were older than 10 years.Depending on the type of fuel, 52.6 pct of the total ...

Infrastructure : Romania's had 314-strong waterway passenger vessel fleet in 2019

Tuesday, June 9, 2020

200609095719Nava_vrancea.jpg

Last year Romania had 314 waterway passenger vessels with a total capacity of 12,400 passengers, as well as two seagoing passenger vessels with a capacity of 68 seats, shows a survey by the National Institute of Statistics (INS).According to INS, inland waterway vessels registered as of December 31, 2019 comprised 1,021 non-propelled cargo ships with a total load capacity of 1,448 million tonnes, 294 tugs and pushers (including non-passenger boats) with a total ...

Air passenger transport drops by 17.1pct in Q1 2020

Tuesday, June 9, 2020

The air passenger transport dropped by 17.1pct in the first quarter of 2020, due to the SARS-CoV-2 pandemic, from 4.644 million passengers to 3.851 million passengers, according to the data released by the Statistics National Institute (INS). In the first three months of this year, international commercial passenger transport of airports held the largest share in total, i.e. 87.9pct for passengers on board and 87.3pct in passengers disembarked.The ...

Works on railway line connecting Bucharest to Otopeni airport advance

Tuesday, June 9, 2020

200609095840image_2020_06_3_24034111_0_calea_ferata_spre_aeroport.jpg

Works on the railway segment that will connect Bucharest’s Henri Coand? airport, its main one, to the city’s largest train station, Gara de Nord, are moving forward as the railway tracks have been set up in the area of the airport ...

Trade: Global Trade: Recession Confirmed

Tuesday, June 9, 2020

Q1’s strongest contraction in merchandise trade since Q1 2009 is only the first part of the story. Euler Hermes proprietary Trade Momentum Index shows that Q2 is likely to see an even stronger contraction. Indeed, April could post a -13% y/y drop. Overall trade contracted -2.5% q/q in Q1 as March posted a third straight negative figure (-1.4% m/m and -4.3% y/y). In March, China’s exports rebounded by +12.4% m/m (+2.3% y/y) as the economy restarted, while the Euro ...

Premium News

Daily

Tuesday, August 11, 2020

Financial & Banking

Monday, August 10, 2020

Economic

Tuesday, August 11, 2020

Companies

Wednesday, August 5, 2020

Energy & Environment

Thursday, August 6, 2020