Dumitru Cornoiu, prefect for Valcea county, announced on Monday for Agerpres that a multinational company in the car parts industry will build a new production plant in Ostroveni industrial park next year, thus creating 1,500 new jobs, writes economica.net.
The 22-km Section 1 of the Nadlac-Arad Highway will open to traffic by the end of this year, earlier than the January 21 deadline established through the contract. “According to the data so far and the constructor’s commitments, the highway section will be ready in December,” sources from the leadership of the Transport Ministry stated.
Elster Rometrics, part of German group Elster, has leased 7,000 sqm in the Timisoara Airport Park industrial park owned by Globalworth, according to Mediafax. Globalworth is investing EUR 5 million in the 7,000 sqm which will be delivered in the third quarter of 2015.
Accolade and Panattoni Europe plan to invest EUR 400 million into the development of industrial parks over the next five years. The companies have already partnered on the development of projects worth EUR 54 million for tenants like KION Group, Linde, Steelcase, Ideal Automotive and Facea.
The industrial production prices in Romania have decreased in October with 0.4 pct. compared to September and they stalled compared to the same month of last year, according to data from the National Institute of Statistics (INS).
Development and real estate consultancy, as well as ferrous and nonferrous metal processing are the main sectors that generate losses in Romania, while oil and gas extraction and trade are the most profitable ones, according to a study conducted by CIT Restructuring, cited by local Mediafax.
Industrial production in Arad county increased in the first half of the year with 26.9 pct, much above the average growth nationwide, of 9.1 pct, according to data from the Institute of Statistics.
We use cookies to optimise site functionality and give you the best possible experience.
This site uses cookies to store information on your computer.
Some of these cookies are essential, while others help us to improve your experience by providing insights into how the site is being used.
Accept Recommended Settings
Necessary Cookies
Necessary cookies enable core functionality such as page navigation and access to secure areas. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.
Analytics
Analytical cookies help us to improve our website by collecting and reporting information on its usage.
Marketing
We use marketing cookies to help us improve the relevancy of advertising campaigns you receive.
Social Sharing Cookies
We use some social sharing plugins, to allow you to share certain pages of our website on social media.