News - Business Review


Moody’s: Political turmoil could jeopardize Romania’s fiscal consolidation

News July 16, 2012 11:37 0 comments

The events on the political scene have amplified fears that the fiscal consolidation Romania has achieved over the past 3 years could be in danger, while the instability will probably last until the elections in…more »

Romania goes for China’s USD 10 bln CEE credit line

News July 11, 2012 09:44 0 comments

The Danube region may be an attractive investment destination for China that recently announced a USD 10 billion credit line in the Central and Eastern Europe for joint investment in technology and infrastructure. Companies based…more »

ArcelorMittal Galati invests EUR 1.2 mln in hot flow unit

News July 10, 2012 14:38 0 comments

Steel mill ArcelorMittal Galati has finalized an investment of EUR 1.2 million at two of its sintering machines, which included the building of a quick lime injection unit. This allows the steel mill to use…more »

Walter Tosto to invest EUR 30 million in Romania

News July 09, 2012 09:05 0 comments

Italian producer of industrial equipment Walter Tosto (WT) will invest EUR 30 million in the FECNE nuclear components plant it acquired earlier this year for EUR 7 million and has already opened the order book…more »

Petrom to invest EUR 200 mln in Petrobrazi refinery for diesel output increase

News June 27, 2012 13:18 0 comments

Oil and gas producer Petrom will put EUR 200 million in the Petrobrazi refinery by 2014, adding to the EUR 400 million it has already invested here for modernization works, in order to increase the…more »

Ford kicks off car production in Craiova plant

Auto June 25, 2012 13:09 0 comments

US carmaker Ford has started production today in Craiova, Dolj County, after investing EUR 500 million to modernize and upgrade the car plant in southern Romania, some 230 km from Bucharest. Moreover, the company will…more »

Linde opens EUR 100 mln air separation unit in Galati

News June 25, 2012 09:14 0 comments

Industrial gas producer Linde Gaz Romania inaugurated last week a new separation unit at ArcelorMittal Galati steel company, following an investment of over EUR 100 million that was started in 2008. The unit has a…more »

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 »