The Romanian Transport Ministry will sign by the end of November European financing contracts worth EUR500 million for road infrastructure investments, Transport Minister Anca Boagiu said Saturday. source: Ziarul Financiar
Romania ranks last among Eastern European countries on km of highways, report shows
Romania ranks last among Eastern European countries in terms of the number of kmof highways per 1,000 square km, according to a report from the Competition Council. Romania has only 1.5 km of highway per 1000 square km, with a total of 350 km. “The modernization of the Romanian infrastructure at European standards is one of the priorities for the next period. The motorway and road construction market is a growing market, because of the projects concerning the construction of over 500 km of motorways until 2013, the restoration of around 900 km of national roads and the construction of 10,000 [...]
China National Agricultural Group shows interest in building Romanian Siret-Baragan channel
Chinese company China National Agricultural Group Corporation showed its interest in building Romania’s Siret-Baragan channel, and will send a delegation to Romania in October, to launch discussions on this project, according to the Romanian Minister of Economy, Ion Ariton. The Romanian Minister also invited the Chinese companies to participate in other energy and infrastructure projects in Romania, like Sibiu-Pitesti and Comarnic-Brasov highway sections, the bridge in Braila, and the Constanta Port modernization. The Chinese Vice-Minister of Commerce Wang Chao said, during a meeting [...]
Romania To Develop Bucharest Ring Rail Passenger Transport
Romanian Transport Minister Anca Boagiu has approved the creation of a workgroup for a project to introduce passenger trains on Bucharest's ring rail line. source: Ziarul Financiar
Baumeister Sees Sales At EUR40M In 2011, Looks At Infrastructure Projects
Construction company Baumeister controlled by the Adamescu family, which also owns Unirea Shopping Center in Bucharest, expects sales to reach about EUR40 million this year, up almost 70% from 2010. source: Ziarul Financiar
The changing face of Bucharest. Projects in planning: cable car, new metro lines, car parks
The Romanian capital slowly changes the way it looks, and it’s not only through private investments that new projects are created. Even through the pace of works is slow, new projects initiated by public authorities – namely the Bucharest City Hall – are lined up to go off the ground, or underground, in some cases, in the next years. These come after two landmark projects were finally delivered this year: the Basarab flyover and the National Stadium in Bucharest. We looked at some of the ones that are expected to change the face of the capital city in the future. By Irina Popescu Several [...]
Q: How did 2012 start for the residential market in Iasi?
Dan Mihoci: The real estate market is headed towards normalcy, without “sentimental” pretentions of the seller or unfounded requests from buyers with an evident need for consultancy, for both buyers and sellers. Despite the bad weather and the economic and political instability, the real estate market is an interesting chapter for everyone.
Q: In 2011, the year started with a high level of interest but few transactions. How did the market evolve ... 
