The Ministry of Transports has signed a modernization project for the Mihail Kogalniceanu airport in Constanta and announced plans to attract EU funds to also modernize the airport in Oradea. Overall, EUR 72 million will be invested in upgrading the two airports, half of which will be EU funds. The infrastructure of the Mihail Kogalniceanu airport in Constanta will be modernized following an investment of EUR 40 million, EUR 18 million of which comes from EU funds, according to the ministry. The project should be finalized by March 2014. Also, the ministry has agreed to invest EUR 32 million [...]

German shoe retailer Deichmann will open a store in shopping center Palas Mall Iasi on May 31, bringing its Romanian network to 52 units. source: Ziarul Financiar

Swedish retailer H&M will open a store in Iulius Mall Suceava, northeastern Romania, in the second half of May, the representatives of the shopping center said Friday. source: Ziarul Financiar

China could open the cookie jar for Central Europe, with Chinese Premier Wen Jiabao promising to deepen economic relations with the region at an economic forum in Poland (in picture). Speaking yesterday ( April 26 ) the Chinese Premier said he wanted to double trade with the region to USD 100 billion a year by 2015. The region’s infrastructure could also get a Chinese bonanza, with Wen Jiabao offering USD 10 billion in funding for infrastructure, hi-tech and green projects. Wen Jiabao also met Romania’s PM Mihai Ungureanu at the forum, and Romania’s and local projects would also [...]

Private healthcare operator MedLife’ s hospital MedLife Eva will open a natural birth private unit in Brasov, accredited by the International MotherBaby ChildBirth Organization. Thus, MedLife Eva’s maternity unit becomes the first in Romania accredited as a ‘Friend Hospital of Birth’. The birth unit is equipped with a birth room for normal births and in an aquatic environment, special devices for comfortable birth, and provides services from a certified lactation consultant, parenting expert, psychologist with expertise in couples therapy, as well as the possibility of [...]

Real estate developer Redevco, controlled by Cofra, which also owns the C&A store chain, has put up for sale the only plot it has in Romania, in Tulcea, where it had planned to build a mall. source: Ziarul Financiar

Schlumberger group, the world’s largest provider of services for the oil and gas industry, has chosen Ploiesti (southern Romania) for a world class facility staffed by 170 people and set to become an operational hub for Eastern Europe by the end of 2012. source: Ziarul Financiar

Over 25,000 tourists are expected to spend the May 1st holiday in one of the local seaside resorts, said on Wednesday Corina Martin, the president of the National Association of Tourism Agencies (NATA). “Last year we estimated that 20,000 tourists will go to the seaside for the May 1st holiday and there turned out to be 25,000. This year we estimate 25,000 tourists, but if the weather will be good – and the forecast indicates this – there will be even more,” said Martin, according to Agerpres. She added that on average accommodation costs between RON 60 and RON 70 per [...]