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 »

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 »

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 »

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 »

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 »

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 »

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 »

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 »

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 »