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European Commission approves EUR 40 mln financing for DN 14 rehabilitation

The European Commission has approved the payment of EUR 40.7 million to Romania, representing funding from the European Regional Development Fund (ERDF) and the Cohesion Fund project of rehabilitation of DN 14 – part of the Transport Operational Programme.

EUR 5.7 million investments for an industrial park in Bistriţa, Romania

Bistriţa City Hall completed an investment of 25.5 million lei (EUR 5.7 million) in the construction of an industrial park on 30 ha area outside city, in the close proximity of the National Road 17, on the direction Bistriţa-Cluj-Napoca.

French group Renault names new manager for its design centre in Bucharest

French group Renault has appointed Jean Phillipe Salar to take over as general manager of the Renault Design Central Europe (RDCE) in Bucharest. He replaced Geoffrey Gardiner, who was promoted to design director of Renault-Nissan’s Technocentre in France, at the beginning of September

Prologis Park Bratislava Speculative Developments 50-Percent Preleased

Prologis, Inc., the global leader in industrial real estate, today announced four lease agreements totalling nearly 11,000 square metres in two speculative facilities at Prologis Park Bratislava.

Works on Sibiu-Pitesti Highway to start in mid-2016

Transport Minister Iulian Matache states that the works could effectively start in mid-2016. “Until then there will be local debates in each county transited by this highway, in order to identify possible problems.

French producer invests EUR 300 mln in Romania in 15 years

French building materials producer Saint-Gobain has invested over EUR 300 million in the last 15 years, said Pierre-André de Chalendar, Saint-Gobain’s CEO.

Electroputere Craiova develops a green engine

A completely environmentally-friendly locomotive engine that runs exclusively on bio-diesel or vegetal oil and that has the same power and performances as that of a regular diesel engine.

Romaero expects 23 percent business increase and plans Boeing contract expansion

Aircraft components manufacturer Romaero estimates a 23 percent increase in turnover to RON 98.82 million (EUR 22.34 million) for this year, and zero profit after three consecutive years of losses, while aiming to extend the contract with the American builder Boeing, according to Mediafax.

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