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 »
February 26, 2014 14:38
Axxess Capital, the investment manager of Emerging Europe Accession Fund, has acquired the majority stake in Star Storage, a leading Romanian information technology services company, a media release announces....more »
February 19, 2014 14:14
The Spanish group, producer of hydraulic components, Roquet has been provided a 5 million euro loan by EBRD (The European Bank for Reconstruction and Development) which will be used to co-finance the development of a greenfield plant in Romania, near Ploiesti....more »
February 17, 2014 16:11
SOCAR, the State Oil Company of Azerbaijan Republic, has opened five new gas stations within the past week and plans to continue expanding its network nationwide which now has 25 units. Of those five, four are located in Moldavia region, where most if SOCAR’s filling stations are concentrated, the other one being located near Bucharest – the first one in the area, an investment worth about 1 million euro....more »
February 12, 2014 15:06
The medical services operator will run this year a new regional development program, in this respect having established an investment budget of some 6 million euro. Also, after revenues of 72 million euro and an operating profit of 10 million euro last year, the company anticipates a turnover between 81 - 83 million euro corroborated by a operating profit 20 percent higher than last year....more »
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