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Work on local missile defense shield to start in 2013

News June 18, 2012 08:54 0 comments

Building works at the military site in Deveselu, Olt County, that will host elements of the US missile defense project will start in the spring of 2013 and will take 24 months, after the tendering…more »

Greek firms find local business opportunities

News June 18, 2012 08:26 0 comments

Over 350 participants attended last week’s economic forum entitled Greece – Romania: at the Crossroads of Regional Synergies, which was part of the Go International initiative being implemented by the financial-banking group Eurobank EFG in…more »

Romanian SMEs bring low added value to the economy, says survey

News June 12, 2012 11:52 0 comments

Small and medium sized enterprises (SMEs) make up 99 percent of the active companies in Romania, while their employees represent 66 percent of the total number of employees- in line with the European average. However,…more »

Bosch to invest EUR 120 mln in Romania by 2013

Auto June 05, 2012 11:23 0 comments

The German Bosch Group will invest EUR 120 million by 2013 in a new car component factory in Cluj and extending manufacturing facilities at its Blaj factory, almost doubling the number of employees to 2,000,…more »

ArcelorMittal Galati invests EUR 8 mln in support equipment

News May 30, 2012 10:01 0 comments

Steel mill ArcelorMittal Galati invested EUR 8 million for an overhead crane and new support beams at the Steel Melting Shop (SMS), which has a transportation capacity of 300 tones and is now operational. This…more »

PostMaster estimates 10 percent increase in turnover to EUR 11 mln, plans EUR 1 mln investment

News May 29, 2012 14:40 0 comments

Romanian PostMaster, the largest private distributor of unaddressed mail and operator of private postal services, reported a net profit of RON 2.2 million (EUR 492 million) in 2011 and expects a similar result this year,…more »

Burberry checks into local luxury market

Interviews May 28, 2012 12:24 0 comments

Daniel A. Rosner, director of the luxury division at the investment fund Global Eye Investments, tells Business Review about the entry of iconic British brand Burberry, famed for its classic check, onto the local market…more »

Korean Hyosung Corporation to build USD 150 mln car component plant in Romania

Auto May 23, 2012 11:26 0 comments

South Korean Hyosung Corporation plans to start building works on a USD 150 million plant that manufactures car tires and airbags, according to a press release from the Romanian Ministry of Economy. Negotiations were carried…more »

GDF Suez takes out over EUR 14 mln of EU funds to extend Bucharest gas network

News May 22, 2012 10:05 0 comments

French gas supplier and distributor GDF Suez Energy Romania will use EU financing worth RON 65.9 million (around EUR 14 million) to build 70,4 km of new medium pressure gas pipes in Bucharest, taking the…more »

Bosch to build EUR 77 mln automotive technology plant in Cluj-Napoca

Auto May 08, 2012 15:28 0 comments

German Bosch Group will build a center for the manufacturing and development of automotive electronic units in Cluj-Napoca, Romania. Construction works are expected to start in the second quarter of this year and should finalize…more »