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(Re)Construct 2017 - 2 Days Dedicated To Real Estate Industry In Romania

(Re)Construct, the event organized by WALL-STREET.RO and dedicated to the real estate and construction market will take place between 6th and 7th of March, being hosted by the Sheraton Bucharest Hotel, starting 9 am.

Romania exports clothing and accessories worth 2.4 billion Euros, Jan.-Oct. 2016

In the first ten months of 2016, Romania exported clothing and accessories worth 2.41 billion Euros, up 1.2 percent from the same period of 2015, according to data released on Tuesday by the National Statistics Institute (INS).

Globalworth buys Dacia-leased warehouse for EUR 42.5 million from ELGAN

ELGAN, the company owned by businessman Simon Roth, has sold logistics project located near Pitesti, rented by Dacia, to real estate fund Globalworth, which is controlled by Ioannis Papalekas, in a deal worth EUR 42.5 million.

Job vacancies up 11% in Romania in fourth quarter of 2016

The number of job vacancies in the economy, an indicator of the shortage of labor at national level, increased by 11% in the fourth quarter of last year compared to the same period in 2015, reaching 60,700.

One of the biggest cable producers in Romania enters insolvency

Romanian cable producer Romcab Targu Mures, a company with a turnover of RON 1 billion (EUR 221 million) in 2016, officially entered insolvency as the Mures Court approved the company’s insolvency request on Monday, February 21. The company has over EUR 200 million worth of debts to banks, state, and suppliers.

Ford Craiova installs 190 new robots and hires 900 for production of EcoSport SUV model

US car maker Ford will install 190 new robots at the Ford Craiova plant, which will produce the EcoSport SUV model starting this fall. For this purpose, the company will also hire 900 extra staff.

Romania’s machinery and automotive exports go up by 2.2 billion

Romania exported machinery and transport equipment worth EUR 22.48 billion in the first ten months 2016, up EUR 2.2 billion over the same period of 2015, according to the National Statistics Institute (INS).

Romanian companies, three times more profitable than multinationals

Private companies with Romanian capital were three times more profitable than multinationals in 2015, with an overall net result of RON 27 billion (EUR 6.07 billion) at a total turnover of RON 551 billion (EUR 124 billion).

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