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Interview. Aldous Mina (economic development consultant): Expats can help Romania attract more foreign investments

Country Investment Reviews July 25, 2017 10:37 0 comments BR Exclusive

International economic development consultant Aldous Mina spoke with BR about Romania’s capacity to attract foreign investors as the economies enter into the fourth industrial revolutions. Mina, who published the books facenomics and Barbecue Markets and…more »

Analysis. Utilities in Romania boost investments to cater for digital client

News July 19, 2017 08:00 0 comments BR Exclusive

With the liberalization of electricity prices for Romanian households set to be completed this year, utilities are investing in new technology as users can switch more easily to new suppliers. Although gas prices for individual…more »

FDIs in Romania lower by 13 pct in the first five months of this year to EUR 1.44 bln

News July 14, 2017 16:11 0 comments

The foreign direct investments (FDIs) in Romania were lower by 13 percent in the first five months of this year compared with the same period of 2016, to EUR 1.44 billion, according to a release…more »

Futureal’s Cordia to develop 400-unit residential project in Bucharest

News July 10, 2017 12:13 0 comments

Cordia, part of Futureal group, plans to develop a residential project with 400 units in Bucharest, near Romexpo Exhibition Center. The developer has acquired 15,336 square meters of land in this area from Alpha Bank,…more »

Alexandrion Group plans USD 100 mln distillery in State of New York

News July 07, 2017 16:26 0 comments

Alcoholic beverages maker Alexandrion Group will build in the State of New York a distillery that will require an investment of around USD 100 million, according to Nawaf Salameh, the president of the group. Salameh…more »

Authorities to tender EUR 820 mln Craiova-Pitesti express road project

Constructions July 07, 2017 09:43 0 comments

The National Company for the Administration of Road Infrastructure (CNAIR) has submitted the documents needed to start the acquisition process for construction works of the express road linking Craiova and Pitesti cities. The whole project…more »

Analysis: Foreign investors grappling with overheated local labor market

Country Investment Reviews July 06, 2017 10:48 0 comments BR Exclusive

The planned public sector wage hike and the underdeveloped infrastructure in some regions of the country are among the crucial challenges faced by the main foreign investment communities looking to create new jobs in Romania.…more »

Managers in Romania expect growth of activity in main fields by August

Country Investment Reviews June 28, 2017 12:15 0 comments

The managers of firms in Romania expect an increase of activity in industry, constructions, services and trade in the June-August period, according to a business tendency survey published by the National Statistics Institute (INS). In…more »

Magnificus Plaza to invest EUR 1 mln in first events room in franchise system

News June 27, 2017 14:26 0 comments

Magnificus Plaza will open the first events room in franchise system in May 2018 and its investment is worth EUR 1 million. The project will be located in Suceava city, at around 6 km of…more »

Nokia boosts R&D operations in Timisoara

News June 21, 2017 09:09 0 comments

Technology firm Nokia says it will hire another 300 people in Romania, out of which 100 will be in the research and development (R&D) division, as the company looks to boost its operations in Timisoara,…more »