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Articles

German firm could move production from Romania to Moldova, Ukraine

German cable producer Leoni AG could move a part of its production from Romania to another country with lower labor costs, such as Moldova or Ukraine, according to Dan Onoriu, minister counselor within the Romanian Embassy in Berlin.

Lasselsberger completes in April the EUR 1.4 million investments in Sanex factory from Cluj-Napoca

Ceramics manufacturer Sanex from Cluj-Napoca, part of the Austrian group Lasselsberger, will complete this month the new infrastructure within its production units, aiming the environment performance improvement.

Austrian SW Umwelttechnik to invest EUR 1.5 million in new factory in Romania

Austrian precast manufacturer SW Umwelttechnik started the construction of its third factory in Romania, in Cristești, Iași county, the value of the investment being estimated at EUR 1.5 million, according to a company’s release.

S&P affirms Romania at 'BBB minus', with stable outlook

Standard & Poor’s Ratings Services on April 8 affirmed its ‘BBB-/A-3′ long- and short-term foreign and local currency sovereign credit ratings on Romania, with a stable outlook, the rating agency said in a statement.

General Electric plans to hire another 200 engineers in Romania

American group General Electric (GE) has reached 900 employees in Romania. Some 350 of them joined the company following the takeover of the industrial group Alstom by GE, a global transaction worth USD 9.5 billion.

Unilact Transilvania aims for 20 pct increase in business

Romanian dairy producer Unilact Transilvania aims for a 20 percent hike in turnover this year, to RON 16.8 million, after 2015 brought the company a 16 percent advance, to RON 14 million (EUR 3.15 million).

Domestic investors to be the most active players in the Hungarian real estate markets

According to CBRE Investment Breakfast Intentions Survey the vast majority of investors expect more than EUR 1 billion of investments in the Hungarian commercial real estate markets in 2016. Participants at CBRE Investment Breakfast hold on 5th Aprils 2016 were much more confident that in 2016 the Hungarian investment volume will increase further than they were last year.

Wim Bosman Romania plans over EUR 16 million business in Romania

Wim Bosman Romania, logistics, transport and customs clearance company, part of the New Zealand group Mainfreight, registered last year a turnover of EUR 14 million, with 6 pct. growth compared to 2014.

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