The minister of transport, Sorin Buse, announced that the construction firm of Suplacu de Barcau-Bors segment within the Transilvania highway project didn’t meet all the provisions of the contract and requested the head of the Spanish company responsible for the construction, to decide the future of the project, according to a release of the Ministry.
Auto parts manufacturer EKR-Elektrokontakt România, part of German group Nexans, with 2,500 employees in Romania, gave up an investment of nearly EUR 18 million in a factory in Târgu-Jiu, Gorj county, a project which should have created more than 800 jobs.
Works at Bucharest’s ring road between A1 and Chiajna /National Road 7, for the modernization to two lanes per way are advancing, so the traffic will be opened in the end of the year.
Romania has 63 companies listed in Central and Eastern Europe Top 500 according to their turnover, while the country ranks fourth in the region, according to international credit insurance company Coface.
The American group Horizon Global reached an agreement for the takeover of the German company Westfalia-Automotive and of the construction parts manufacturer Terwa, present also in Romania, for EUR 125 million in cash and shares, from a consortium managed by the German private equity fund Deutsche Private Equity (DPE), which will become shareholder of the American company.
TransLogistica–the second edition of the largest transport and logistics event will take place in the period 12-15 of October 2016, daily between 10:00-18:00, at Romexpo Bucharest and aims finding the answers to the above questions.
Romania’s Finance Ministry has selected six companies out of 36 applicants to grant them state aid for new investment projects that would positively impact the local economy.
German group Karcher has increased in July the capital of its company CER Cleaning Equipment with nearly EUR 4 million, according to data from the Trade Registry. This company is operating the construction of the vacuum cleaner factory developed by the Germans in Curtea de Argeş.
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