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Articles

Albalact Group’s consolidated revenue up by 17pct. to RON 366.9 mln in the first nine months

Albalact Group, part of the Lactalis, the international dairy group, closes the third quarter of the year with a growth of 17.29 percent in the net revenue, to RON 366.98 million, compared to the one registered in the same period of 2015.

Romanian economy might be ready to adopt euro in 13 years, says study

The country needs another 13 years before attempting to join the Euro zone based on the average growth rhythm of the last 15 years, according to a new study coordinated by Daniel Daianu, member of the administration board at the National Bank of Romania.

Interview with Liviu Simion – Rosim’s Business and Industrial Center

Rosim’s Business and Industrial Center is a state-of-the-art real estate development near Bucharest, including both an office building and modern storage facilities. Its concept, of putting together multiple functionalities available for a large range of companies, from retail to distribution or manufacturing companies, is a winner and a still quite a novelty on the Romanian market.

An executive from the logistics sector invests 0.5 mil. € in furniture showroom in Bucharest

Tolga Oran, sales and marketing director for the transport and logistics company Gefco in the region of Germany, Central Europe, Balkans and Middle East, has invested EUR 0.5 million in a furniture showroom in Bucharest, TORO Design.

Cold cuts producer Zimbria to build factory in Galaţi, EUR 1 million investment

Cold cuts and cheese producer Zimbira, a business of nearly EUR 1 million, present on the market in five stores in Brăila, Galaţi and Bucharest, plans to open a factory with European funds, with a production capacity of two tonnes per day, according to the company’s representative.

FDI in Romania up in the first nine months to EUR 3.14 bln

Foreign companies made investments in Romania worth EUR 3.14 billion in the first nine months of the year, a growth by 11.2 percent compared with the same period of 2015, according to the data of National Bank of Romania (BNR).

Romania industry turnover up by 4.2 pct in September compared with 2015

The companies’ turnover from the industry grew by 4.2 percent in September 2016 compared with September 2015, but slowed down compared with August, taking into account that the durable goods industry continued to support the businesses, shows the data published on the National Institute of Statistics (INS) on Friday.

British company GTK opens cables factory in Craiova

British company GTK announced the opening of a cables production unit in Craiova, the only factory of the company in Romania and the first outside Great Britain.

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