1st May
2007
Car importers report 60 pc rise in Q1 sales
Statistics of car importers show that in the first quarter of 2007 sales grew
by over 60 percent as against the same period one year ago, whereas the results
of domestic car makers reported an 8 percent drop.
The preliminary commercial results of the domestic car players exceeded the expectations
forecast by them earlier this year namely of some 10 percent.
The most important growth reported importers General Motors and Toyota with increases
of about 86 percent. Therefore, the Toyota (+87 percent) sales of the first quarter
were positively influenced by the sales of Corrola and Auris models and as for
General Motors (+86 percent), the representatives of the Romanian company say
the development was supported by Opel with 3,809 sold units.
Romcar Motors, importer of Ford brand announced that over January-March 2007 traded
about 4,100 cars, up 57 percent as against the same period one year ago; of the
models sold on the Romanian market Ford Fiesta reported the highest demand.
Porche Romania, which sells Skoda, Volkswagen, Seat, Porsche and Audi brands in
the first three months of this year reported an increase of 49 percent. The importer’s
forecast for this year is of about 50,000 units, up as against the initial estimate
of 47,500 units.
Renault Romania reported over 6,000 units for its two brands (Renault and Nissan),
accounting for an increase of 32 percent as against the situation of the first
quarter of last year.
At the same time, Dacia reported sales of 45,706 cars, down by 2 percent because
the commercial vehicle type lacked from the company’s portfolio during the
period between the discontinuance of Dacia Pick-up production and the release
of the Logan Van, daily Ziarul Financiar reported on April 16.
However, as against January 2007 when the sales of Dacia saw a decrease by 38
percent, in March the decrease was of 0.9 percent namely approximately 1,350 units.
Source: Top Business Online
INS upwardly adjusts data on exports and imports
in January
Revised FOB exports are by 81.4 million euros higher and the imports by 253 million
euros higher in Jan. 2007 than the data the National Statistics Institute (INS)
had previously published.
Data were adjusted as the result of the conclusion of the EU inter-community transactions
started before Romania’s EU accession, namely goods on the way or goods
temporarily in the customs warehouses and the free-trade areas, but also because
of the use of the hand-written customs statements of the period of transition
to the new system, INS director Florentina Gheorghe said.
The adjusted FOB exports attained 2.046 billion euros, by 4.1 percent more, while
the imports reached 3.278 billion euros, by 8.3 percent higher in Jan 2007. The
trade deficit for consumer goods grew by 16 percent in Jan. 2007 than that over
the same time span in 2006, from 1.061 billion euros to 1.24 billion euros.
During the first two months of 2007, Romania’s trade deficit in FOB/CIF
prices amounted to about 2.567 billion euros, the figures for Feb. being still
estimative. FOB exports over the first two months of 2007 vs. the same period
of 2006 grew by 12.5 percent in euros, whereas the imports increased by 31.3 percent,
by 18.8 percent in favor of the imports, INS official added.
The imports rise in Jan. and Feb. 2007 was influenced by the development of the
goods exchanges among the EU countries. The oil products export dwindled to half
of that in the same period in 2006, the same as the textile products under an
outsourcing system, because of the switch to the EU laws after Romania’s
EU entry. On the other hand, Romania has massively imported agricultural and foodstuffs,
Gheorghe added.
Both in terms of exports and in terms of imports, the EU states hold almost 70
percent of the transaction bulk, even if the exports to the EU countries registered
a slight decrease and the imports a seven percent rise.
Source: Top Business Online
Romania pays 5,000 USD monthly to lobby firm
Seven countries in Central and Eastern Europe including Romania have employed
a lobby firm to press for the US Congress to discuss the extension of the visa
waiver program to countries in the region.
According to electronic journal Jurnalo.com, the seven countries pay a monthly
fee of 5,000 USD each to the Dutko Worldwide lobby firm to promote their visa
agenda.
The journal quotes the spokesman of the Czech Foreign Ministry as the source of
the information.
Spokesman Zuzana Opletova told Jurnalo.com that the company should cover the activity
of the CEE countries’ embassies considering that the visa issue was not
a priority for the US Congress.
According to Romanian Foreign Ministry spokeswoman Corina Vantan, Romania will
most probably join the initiative, but the contract is yet to receive formal approval
at Romanian ministry level.
Source: Hot News.ro
SCA invests €10 million to expand cardboard
plant
Packaging producer SCA Packaging Romania will start an investment project worth
€10 million ($13.6 million) in expanding production capacity of its corrugated
cardboard plant in Timisoara.
The project is set for completion in 2008 and in its first stage entails boosting
the present production area from 5,000 square meters to 17,000 square meters,
and increasing the number of employees from 75 to 125. SCA Packaging Romania is
part of Swedish group SCA, which entered the Romanian market in 2002 with a regional
distribution centre.
In 2005, the group developed a plant, with an investment of €2.2 million.
The company also holds another warehouse in Oradea and a distribution centre in
Pitesti. The investment is part of a strategy to develop a client support network
throughout the whole of Eastern Europe. This process, which started with two plants
in Poland, also involves other plants in Romania, as well as the development of
a design centre in Budapest and production facilities in Hungary.
Source: BBJ
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