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Continental puts EUR 12 million in expanding Timisoara-based plant

Car parts maker Continental announced that year it will expand again the electronics items factory from Timisoara that produced in 10 years of activity 60 million units (finished electronics items). The investment is worth EUR 12 million and represents the third expansion of the work factory space, according to Continental.

Swiss company Alu Menziken gets state aid for Romanian investment

Swiss company Alu Menziken is set to receive state aid worth RON 88 million (around EUR 20 million) for its planned investment in an aluminum components plant located in the village of Mediesu Aurit, Satu Mare county, in northern Romania, local Ziarul Financiar reports.

Romania, third worldwide for deficit of skilled employees

Only two countries in the world – Japan and Taiwan – have bigger difficulties than Romania in finding skilled employees.

Foreign direct investment in Romania sees record level of the last eight years

Foreign companies carried out direct investment in Romania worth EUR 3.9 billion in the first eleven months of 2016, up 22% over the same period last year.

AdePlast turnover up 13 pct to RON 346 mln in 2016

AdePlast, the Romanian constructions materials makers, registered a turnover growth of 13 percent to RON 346 million in 2016 compared to the previous year.

Altex signs lease of 15,000 sqm within P3 Bucharest park

Altex, one of the largest electronics, home appliance and multimedia retail chains in Romania, has signed a new lease on 15,000 m2 of warehouse space at P3 Bucharest park. The deal will double the size of its logistics hub, accommodating the needs of its growing business.

Romanian industry production up by 5.3 pct in November 2016

Romania’s industrial production went up by 5.3 percent in November 2016 compared with the same month of 2015, an increase supported by the key-sector of manufacturing, shows the most recent data of the National Institute of Statistics (INS).

Arctic gets EUR 36 million state aid for washing machine factory in Romania

Appliance producer Arctic has just received a state aid of RON 162.5 million (EUR 36.1 million) to build its second plant in Romania, where it will produce washing machines.

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