Vimetco Extrusion has completed an investment of 19 million lei (4.3 million euro) in a programme aimed at enhancing efficiency, as well as its competitiveness. Part of the funds, 7 million lei, was provided by the European Union through the European Fund for Regional Development as grants....more »

American company Emerson has completed an investment of 76 million dollar (nearly 56 million euro) that has been designated for extending the production and engineering operations in Cluj-Napoca and for two specialized engineering centers, reads www.monitoruldecluj.ro....more »

Vodafone Romania has opened a new IT service and support center in Bucharest to serve five telecom operators of the group from Germany, Ireland, Italy, Spain and the UK, according to Mediafax. It is Vodafone’s second regional center, following the Danubius Network Operations Center inaugurated in March 2013....more »

Raiffeisen Investment has announced the closing of the Romanian-based office effective as from July 1, 2014, decision which is subject to a new regional strategy and which includes similar decisions as regards offices from Sofia, Belgrade, Kiev, Moscow and Vienna, according to ZF....more »

Plastics processor Romcarbon will implement this year two investment projects aimed at introducing high tech equipment in packaging production and plastics recycling. Total investment comes to 6.5 million euro of which 2.25 million euro are the ...more »

Dragos Paval, Dedeman’s CEO, announced yesterday during a meeting with Iurie Leanca, the Moldavian Prime Minister, that plans to expand its operations abroad, the Republic of Moldova being the first investment destination, where will open two stores in Chisinau. For this new project, Dedeman estimates investment will amount to 30 million euro, creating some 400 new jobs....more »

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 »

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 »

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 »

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 »