Investments
May 21, 2014 17:10
The Cluj County Council has announced the expansion of the Tetarom I industrial park which will increase its surface by 12 hectares, supported by an investment of 42 million lei, without including the VAT. Horea Uioreanu, the President of the County Council today signed the related contract so as construction works will be initiated in about two weeks, being scheduled for completion in 17 months....more »
May 19, 2014 14:01
Dan Sova, the Minister of Transport, announced that near Timisoara, in Remetea Mare, will be made an investment of 22 million euro in a Freight Intermodal Center to serve companies from Romania and its neighbouring countries Serbia and Hungary. Part of the amount will be provided from European Funds, the local authorities being also responsible for ensuring partial financing, according to Mediafax....more »
April 28, 2014 09:28
The Portuguese automotive parts manufacturer Coindu will open a second production facility in Romania, this time in Drobeta-Turnu Severin, the Mehedinti County, the investment amounting to 10 million euro. In the new plant for which construction works will start in the very next period there will be manufactured auto parts for BMW, Volkswagen, Mercedes and Audi, according to Adevarul....more »
April 24, 2014 11:48
The Cluj County Council yesterday concluded the contract with ACI, Electromontaj, Nordcomforest and Erbi Prodcom as associated companies to build the fourth Tetarom industrial park in Cluj for which the construction works will be initiated within the next seven days....more »
April 17, 2014 16:50
Bosch’s new production facility based in Cluj will be officially inaugurated next month, on May 9, after testing and production started in late 2013. The 77 million euro worth investment project includes a research center operational since November, last year....more »
April 10, 2014 15:38
Transelectrica has concluded the contract for the refurbishment of the 220/110/20 kV Campia Turzii station, an important junction in the National Power System which ensures transit and power connections from areas with electricity surplus to areas in Transilvania and Maramures, where there is electric power deficit, according to a company release....more »
April 08, 2014 14:28
E.ON Romania allocates this year an increased budget for investments – some 95 million euro, compared to 83 million euro in 2013 – funds which will be spent on modernizing the electric power and natural gas grid, today announced the company’s General Manager, Frank Hajdinjak, quoted by Mediafax. This amount will be added to other about 1.1 billion euro invested in Romania since 2004 when Electrica Moldova was taken over, Hajdinak added, explaining that they decided to supplement the finances as there has been identified a necessity....more »
April 07, 2014 11:01
Star Transmission, Daimler’s Romanian subsidiary, started at the end of last week, the construction works of its new gearbox assembly facility in Sebes, Alba County. The existing production line will be, therefore, extended, investments allocated to this new project coming to approximately 300 million euro. According to the company, in the gearbox plant which will be operational in 2016 will work about 500 people at assembying its nine-speed automatic transmission 9G-Tronic....more »
April 03, 2014 11:27
The oil and gas producer has completed another stage in its storage infrastructure modernization program after finalizing an investment worth 18 million euro in revamping the fuels terminal in Bacau, which ensures the supply for Romania’s northern-eastern region. The respective program includes the building of three new terminals, already completed – in Jilava, Brazi and Isalnita - and the modernization of another three terminals, the Bacau-based terminal being one of them....more »
March 28, 2014 13:09
Chinese group ZTE will open in Romania a monitoring center for telecom networks in 23 European countries. The service center will be located in a western city in Romania and shall be operational by the end of September 2014....more »
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