General Manager of IBM Romania Bogdan Balaci, board member of the US Trade Chamber in Romania (AmCham) said in an interview that Romania must focus and benefit from its fortes, IT being one of them. Bogdan … [Read more...]
To Build A House In Bucharest Suburbs Costs EUR80,000 Or Less
May 24, 2011 By Leave a Comment
According to a study of Romanian realty website imopedia.ro, to build a 100 sqm house near Bucharest costs between EUR58,000 and EUR80,000, since the economic crisis slashed construction and plot prices. … [Read more...]
3 Out Of Top 10 Insurers Ended Up With Marked Share In Q1 2011
May 24, 2011 By Leave a Comment
Three of the top ten insurers in terms of the volume of gross premiums underwritten grew their market share during the first quarter of 2011 period. Big insurers are still experiencing the effects of the … [Read more...]
Earthquake Pulls Japan Back In Recession
May 20, 2011 By Leave a Comment
After the devastation caused by the earthquake and tsunami in March, Japan’s economy, known as the world’s third largest, has slid back into recession. The gross domestic product shrank 0.9 pc in the … [Read more...]
Romania On Foreign Wood Kings Map
May 20, 2011 By Leave a Comment
According to data provided by Zoltan Kosy, country manager with Tornator, one of the top five players in the wood market, the five biggest foreign forest owners have come to own over 80,000 hectares on … [Read more...]
Romanian Land Prices Down 16% In 1Q – imobiliare.ro
May 17, 2011 By Leave a Comment
According to portal imobiliare.ro portal, in the first quarter of the year owners of inner city land for residential project development in Romania continued to decrease prices, by up to 16%, under the … [Read more...]
Out of Recession After Two Years Of Economic Crisis
May 15, 2011 By Leave a Comment
According to official data released by the National Statistics Institute (INS), after two years of economic crisis, the Gross Domestic Product having increased two consecutive quarters getting the Romanian … [Read more...]
Cruise Holidays Booked After Prices Fell: 7,000
April 26, 2011 By Leave a Comment
Last year, almost 7,000 Romanians went on a cruise holiday. At the same time, 17.5 million people worldwide choose to spend their holidays on cruising ships every year. According to one of the world's … [Read more...]
Eurolines To Open 24 New Agencies In 2011
April 21, 2011 By Leave a Comment
Dragos Anastasiu, owner of the Eurolines Company says that he intends to open 24 new agencies on the Romanian market, its own or under franchise agreements. The network is set to reach over 70 agencies. … [Read more...]
Romania Economy Sees Gradual Recovery
March 31, 2011 By Leave a Comment
In 2008, the Romanian economy entered recession as a result of the global economic crisis after several years of rapid growth. Most of the economies in Central and Eastern Europe (CEE) showed initial signs … [Read more...]
