Kimball Electronics, a global contract electronic manufacturing services company specialized in durable electronics for the medical, automotive, industrial and public safety markets, announced plans to expand their capacity in Europe by opening a second operation in Timisoara, Romania, to add to the existing unit from Poland....more »

Romanian food producer Cris Tim will run investments of more than 5 million euro in a winery and a ready meal production line, division which recorded a 30 percent growth in 2014, Radu Timis, the group’s president, said to Mediafax....more »

The European Bank for Reconstruction and Development expanded investments in Romania last year to 592 million euro, 16.5 percent more than in 2013 when the financial institution’s funding added up to 508 million euro, while the number of operations decreased from 32 to 26 in 2014, shows a press release....more »

Immofinanz resumes investment in Romania with Metroffice, a new office development in Bucharest,  project of approximately 40,000 sqm of rentable space which marks the start for the long-term transformation and expansion of the existing Iride Business Park into a modern urban quarter, the Iride City, according to press release of the Austrian group....more »

ETI, one of Turkey’s largest food manufacturers, will establish a production facility in Craiova which requires investment of about 40 million euro, according to Mediafax. Part of the investment, about 6 million euro, was granted by the Romanian state under a state aid scheme....more »

OMV Petrom seeks to unlock oil reserves of 3.2 million barrels by redeveloping the Tazlau oil field located in north-eastern Romania, the Bacau County. The project will be implemented between 2014 and 2015 and it requires investment of about 30 million euro, the oil and gas producer announces. ...more »

The European Commission supports Romania’s broadband development, releasing 57.1 million euro funds for the Ro-NET project which totally requires investment of 69 million euro. The co-financing will be provided through the European regional development fund under the “Increase of economic competitiveness” programme, the “ICT for private and public sectors” priority axis, reads a release of the Commission....more »

Electrica will allocate about 1 billion euro for the modernization and refurbishment of its electric power distribution system, which will be executed within 2015 and 2018, stated Dumitru Federenciuc, Head of the Development Strategy Department within the company, according to Agerpres. Electrica is the leading distributor and supplier of electricity in the domestic market. The group's core business segments are the supply and distribution of electricity which is the largest one in the domestic market both in terms of volume of electricity distributed to users and number of users.  ...more »

Transelectrica, the domestic system and transmission operator, announced the signing of the contract for the refurbishment of the Bradu station, the total investment amounting to almost 29.4 million euro, without VAT according to a notification sent to the Bucharest Stock Exchange....more »

OMV Petrom celebrated the finalization of the most recent modernization programme of Petrobrazi refinery, marking the 80th anniversary of the refinery in a ceremony attended by Prime Minister Victor Ponta, Gerhard Roiss, President of OMV Petrom’s Supervisory Board and CEO of OMV, Mariana Gheorghe, CEO of OMV Petrom, among others. The modernization project run between 2010 and 2014 required investment of about 600 million euro aimed at increasing the competitiveness of the Petrobrazi installation....more »