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Lear Corporation to open automotive seating plant in Iasi in January

Lear Corporation, a leading global supplier of automotive seating systems and electrical power management systems, intends to open an automotive seating plant in January 2014 in Iasi, operating with 1,500 employees and manufacturing products for the most important carmakers in Europe, Mediafax reports.

New Tenaris investment of USD 62 M in Zalau

Tenaris, a leading global supplier of steel tubes, invested USD 62 M into a new premium OCTG (oil country tubular goods) finishing line for specialized products used by the oil and gas industry, which has been inaugurated yesterday at TenarisSilcotub in Zalau, a press release informs.

GEFCO opens new logistic center in Arad

As of September 15, GEFCO Romania has been operating a new logistic platform in western Romania with a surface of 2,000 square meters.

INS: Most employees work in industry sector, the main business – trade

Total number of enterprises in industry, constructions, trade and services market grew last year by 4 percent compared to 2011, while the average number of employees decreased by 0.2 percent, according to provisional data published on Tuesday by the National Institute of Statistics (INS), Agerpres informs.

Retail at the Forefront as Demand for XXL Warehouses Accelerates

The reshaping of supply chains boosted by rapid growth in online retailing is contributing to a significant increase in demand for XXL warehouses (+50,000 sq m), according to the latest research from global property advisor CBRE.

Timofte Family Pays EUR 6.5 Million to Buy Back the Control over Transilvania Construcţii

Andrei Iancu Timofte, the general manager of Transilvania Construcţii in Cluj (COTR), the son of Mircea Timofte, the president of the board bought 49.62% of the shares of the construction company from SIF Banat-Crişana (SIF1), after his mother, Gabriela Timofte, sold to SIF 29& of the shares.

Bucharest, Arges, Timis, Arad cover half of domestic exports

In the first half of the year, Romania exported goods worth EUR 23.71 billion, 5.92 percent higher than in the same period in 2012. Products on highest demand came from the car and electrical and technical industries.

Romanian Government’s Infrastructure Improvement Projects in 2014-2017

Four public investment projects will benefit from full financing from the State budget between 2014 – 2017, while other 21 projects will receive external non refundable grants, either refundable or State budget financing (FEN/FR/BS), according to the report published by the Ministry of Finance.

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