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Articles

Cris Tim to invest more than EUR 5 million in ready meal factory and winery

Cris Tim, one of the largest food producers in Romania, will invest this year more than EUR 5 million in a winery and a ready meal factory, a segment which registered 30 pct growth last year, according to the group’s president, Radu Timis.

EBRD increases investments in Romania to 592 mln Euros in 2014

The European Bank for Reconstruction and Development (EBRD) announced on Wednesday that in 2014 it increased its investments in Romania by up to 592 million Euros from 508 million Euros in 2013, even if the number of funded projects went down last year to 26 from 32 projects in 2013, according to a press release from the EBRD.

Romanian State pays EUR 8.45 billion for Comarnic-Brasov highway

The state would have paid only EUR 2.7 billion for the construction, operation and maintenance of the Comarnic-Brasov highway for 30 years if it had the money. However, adding the financing costs, the amount rises to EUR 8.45 billion, reports local Mediafax.

Industry turnover up by 8% in Romania

The industry turnover in Romania increased by 8% in the first 11 months of 2014 compared to the same period last year, according to data of the National Institute of Statistics (INS).

Transport Ministry: Romania to finish 250 km of highway in the next two years

Romania’s highway network, currently 700 km in length, will be extended by another 50 km this year and 200 km in 2016, according to Ioan Rus, minister of Transport.

EUR 3.4 million investments in Cluj factory with 80 employees

Construction company ACI Cluj, controlled by several local entrepreneurs, including Ioan Aşchilean, Horia Ciorcilă and Dorin Goia, will recruit 80 people this year, following the completion last month of the construction of metallic confections factory, EUR 3.4 million investment.

Continental completed EUR 6.5 million R&D centre in Sibiu

Continental Automotive Romania, the electronic parts manufacturing division of Continental, completed an investment of EUR 6.5 million in a new building on two floors within the research and development centre from Sibiu.

Statistics: Exports, imports, up 6.5%, 6% respectively, after 11 months

Romania's exports reached 48.7 billion euro in the first 11 months of 2014, up by 6.5 percent, whilst imports recorded 54 billion euro, by 6 percent higher compared to January to November 2013, according to the data released on Friday by the National Statistics Institute (INS).

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