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Romania - Business News
 Romania: Infrastructure seen to boost construction materials market in '09 (01/12/2008) |
| The construction materials market is expected to rise by a mere 30% in 2008, after two consecutive years of double annual growth on the back of the construction sector boom, while a 20%-50% growth is seen in 2009. I look at 2009 with optimism and estimate a 20%-50% market growth rate, based on promises made to initiate large projects in infrastructure and hydro technical design,'' said Razvan Marcu, Marketing Manager of Marcom, a major player in the local market. The construction materials market rose by an annual 33% in the first nine months of the year, and the growth rate estimated for the end of 2008 is of maximum 30%, considering the drop in demand usually registered in winter.
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| Romania’s capital market remains attractive (01/10/2008) |
| The impact of the slowing down of the economic growth in the Euro area on countries like Romania and Poland will be very low, because of the solid internal demand from these countries, shows the most recent report worked out by Erste Group analysts. Erste Group analysts say that a fall of one per cent of the growth in the Euro area would conduct to a fall of half a point of the economic growth rate in ECE. There are significant differences between the ECE countries, taken individually. “If we suppose that the Euro area presents a uniform development, the GDP of Poland would grow by around 4-4.5 per cent, while Romania would reach a level of 5-6 per cent. The open economies like those from Hungary and the Czech Republic would be definitely confronted with a more serious situation.”
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| EUR 500 M for infrastructure funds in 2009 (01/10/2008) |
| Romania will spend European funds for the development of the road transport infrastructure of EUR 350-500 M in 2009 and all the motorway contracts in the pipeline will be signed by July 1, 2009, Transport Minister Ludovic Orban stated during an infrastructure seminar yesterday. He explained that the objective of the Romanian authorities was to have all motorway building contracts signed by July 1, 2009, irrespective of financing. According to Orban, the National Company for National Roads and Motorways in Romania (CNADNR) has submitted the funding applications for all the motorway segments that will be developed with funds from the Operational Programme for the Romanian Transport Sector. Overall, under the Operational Programme for the Romanian Transport Sector, Romania will receive EUR 4.6 billion from 2007 to 2013, with the biggest allocations being to the road transport sector (EUR 1.7 billion) and to the railway transport sector (EUR 1.6 billion). (Nine O'Clock)
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| Romania in the top of best locations for logistic facilities (23/09/2008) |
| According to the European Distribution Report 2008, produced by global real estate consultant Cushman & Wakefield, Romania ranks 13 out of 25 European countries offering the best locations for industrial/logistics facilities. The overall ranking analyses the cost/benefit ratio and includes factors such as rents, labour costs, market size, proximity to key markets and population densities. Romania is crossed by three Pan-European transport corridors: corridor number IV Dresden/Nuremberg – Bucharest – Constanta – Thessaloniki – Istanbul, number VII the Danube and number IX Helsinki – Kiev – Bucharest – Odessa/Alexandropoulos. (Romanian Agency for Foreign Investment)
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| Romania 2008 - record economic growth (23/09/2008) |
| The second trimester of 2008 has propelled Romania in the top of global economic growth, our country registering on a national scale the highest level of economic growth in the last 20 years. The figures provided by Eurostat indicate that Romanian economy has increased in the period April-June 2008 six times faster than the average registered at the level of the European Union in comparison to the same period of last year, the medium advance of EU member states being of 1,6%. The difference from Slovakia, which holds the second position, is quite big, respectively 1,7%. Romania’s advantage is not restricted to EU level, our country succeeding to get ahead ... (Romanian Agency for Foreign Investment)
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| Baneasa Airport now will be used for business flights (23/09/2008) |
| Bucharest - Baneasa Airport will serve solely to aircraft repair works, made by Romaero, and for business flights, according to those recently declared by PM Calin Popescu Tariceanu, who specified that he has asked Transport Minister to start the necessary procedures. He indicated that beyond the inconveniences related to sound pollution, the airport “has become a real danger for the inhabitants of the area” and it infringes prudence and safety rules which require airports be located outside cities and not in the middle of localities. Baneasa airport did not have parking capacity.... (Nine o’clock)
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| Head of Renault increases Dacia target to 400,000 cars a year (12/10/2007) |
| In his second visit to Romania, Renault's president, Carlos Ghosn, has increased the production target for the Pitesti-based plant to 400,000 units by 2009. "The plant estimated to manufacture 350,000-360,000 units in 2009, but we will try and reach 400,000 cars. This is our current objective, and the maximum capacity the plant can achieve," explained Ghosn. The new, higher production target comes after Ghosn's first visit to Romania two and a half years ago, when Renault's president demanded Dacia turn a profit and optimise exports. "We are seeing an increase, and deriving a profit. We have achieved both these goals, and this will also be our future strategy," said Ghosn. Last year, Dacia posted an over 100 million-euro profit, and this year expects more than half of the production to be exported, according to the company's general manager, Fran'ois Fourmont. "We are surprised by the success of the Logan programme. Unfortunately, in the case of Dacia, the plant cannot meet the demand, which is why we have delayed launches in certain countries, and even delayed some new models," added Ghosn. However, he did not specify which models were affected. Analysts in the car industry point to the hatchback version of the Renault - sold under the name Sandero in South America. It could have been manufactured in the Ploiesti plant earlier this year, but the limited production capacity meant production started in the Renault plant in Curitiba (Brazil) instead. The model will be produced in Romania at a later date and sold on the European market.
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