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Articles

Limited move to speculative industrial development

International companies are increasingly looking to acquire industrial and logistics premises in Central Europe with the resulting rise in demand in the industrial sector.

Daimler starts EUR 300 mln plant expansion in Romanian subsidiary

Star Transmission, the local subsidiary of German car maker Daimler, has kicked off on Friday expansion works at its transmission assembly plant in Sebes, in a move designed to meet the increased demand on the international market.

Eurostat: Romania among EU countries with highest rises in February retail trade volumes

The volume of retail trade in Romania advanced 1.4 per cent in February 2014 from January 2014. A higher rise in the European Union in similar terms was recorded only by Malta (1.9 per cent), according to data released on Thursday by the EU's statistical office Eurostat.

Petrom, EUR 18 million investment in Bacau warehouse

OMV Petrom (SNP) has completed the modernization of its fuel warehouse in Bacau, following EUR 18 million investment, bring the fourth storage unit rehabilitated by the company in the last five years.

Gebruder Weiss Romania business up by 15 pc last year

Gebruder Weiss, the Austrian logistics and transport company, reported a EUR 40.1 billion turnover in Romania last year, up by 15 percent compared with 2012, a press release notes.

ETI will invest EUR 30 million to make biscuits in Craiova

Turkish company ETI Gida Sanayi, specialized in making candy and sweets, will invest EUR 30 million in a biscuit factory in Craiova. The company has a received EUR 6 million in aid from the Romanian Government.

Dacia sales, strongest Q1 climb in France

Sales of Dacia cars in France registered an annual increase of 52.7 percent in March 2014, this being the highest percentage increase recorded by a carmaker on the French market, according to data released on Tuesday by the Committee of French Carmakers (CCFA).

Japanese investments in Romania go higher than one bln euros

The Japanese investments in Romania go higher than one billion euros, the ambassador of Japan in Bucharest Keiji Yamamoto said at a meeting with Mures County Council chairman Ciprian Dobre and county Prefect Corneliu Grosu in the county city of Targu Mures (north-west of the capital) on Thursday.

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