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Continental Opens Plant Worth EUR 40 M in Ghimbav

German auto and truck parts manufacturing company Continental inaugurated yesterday a fuel pumps plant in the Ghimbav-Brasov Industrial Park, following an investment of 40 million euros, with about 500 employees to be hired at the facility by year-end, according to Mediafax.

Romania’s unemployment rate sat 7.5 pct in August, says Eurostat

Romania reported a seasonally-adjusted unemployment rate of 7.5 percent in August, the same level as the previous two months but up from 6.9 percent in August 2012, according to data from Eurostat, the statistical office of the European Union.

Oltchim plans to sell plastics manufacturing unit for EUR 6 M

Romanian insolvent Oltchim Ramnicu Valcea chemical plant (OLT) plans to sell its plastics manufacturing unit Ramplast DMC for EUR 6 million plus VAT, after an unsuccessful attempt in 2010, when the price amounted to EUR 7.5 million, pre-VAT, Mediafax reports.

Romania Stays Attractive for German Companies

The German companies’ managers in Romania are satisfied with the investment placements they are in, although the percent of the positive feedback has decreased compared to 2012, shows a report of the Romanian-German Chamber of Commerce (AHK Romania).

ROMBAT invests RON 83.4 M in new production facility

The biggest Romanian car batteries manufacturer ROMBAT has officially opened a new production facility in Bistrita in the presence of Romania’s Prime Minister Victor Ponta.

Mega Image to Open First Supermarket Specialized on Frozen Goods

The retailer Mega Image, biggest supermarkets chain in Romania, will open the first supermarket exclusively with frozen goods in Romania, under the brand AB Cool Food.

Armonia Arad in 2014 – New Industrial and Logistics Centre

Last summer, one of the biggest investors in the Romanian real estate market, Immofinanz Group, announced the reconversion of Armonia mall in Arad in a logistic and industrial park.

Romania – Biggest Cars Production in Europe

Cars production on the local market increased with 45% in the first half of the year, the most accelerated growth in Europe and third worldwide, according to The International Organization of Car Manufacturers.

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