News - Business Review


PM Tudose: American company could make historic investment of up to EUR 10 bln in Romania

News August 16, 2017 09:47 0 comments

Romanian PM Mihai Tudose claims that an American company is planning a “colossal” investment in Romania as part of a joint venture with a Romanian partner that will include the transfer of technology. The head…more »

FrieslandCampina Romania invests EUR 1.3 mln in new production line

Agriculture August 01, 2017 15:18 0 comments

Dairy producer FrieslandCampina Romania has opened a new production line for cheese in Cluj-Napoca following a EUR 1.3 million investment, which will triple its output. The company has a yearly investments program of over EUR…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 »

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 »

Prysmian opens new plant in Slatina, following EUR 25 mln investment

News June 15, 2017 16:34 0 comments

Prysmian Group, the player in the energy and telecom cable systems industry, inaugurated its largest optical cable plant in Europe located in Slatina, after making a EUR 25 million investment, part of its global 3-year…more »

US ambassador Klemm: Some 90 percent of Romanians who apply for a visa receive it

News June 14, 2017 17:09 0 comments BR Exclusive

The US ambassador to Romania, Hans Klemm, said that president Klaus Iohannis spoke with his US counterpart Donald Trump about the inclusion of Romania in the Visa Waiver program. “Regarding the visa issue, it was…more »

First Hellenic Forum launches on June 13 in Bucharest

News June 12, 2017 11:23 0 comments Partner Content

Prominent business leaders are expected to exchange ideas and vital concerns as well as the latest information on the sector, during the first edition of the Hellenic REAL ESTATE - CONSTRUCTIONS - MATERIALS - SERVICES…more »