Canadian investment vehicle Transeastern Power Trust has agreed the acquisition of two solar parks in Romania, from RG Renovatio Group, for about USD 9.6 million (EUR 8.5 million), excluding debt.
Romania’s exports amounted to EUR 17.7 billion in the first four months of the year, when they increased by 5% year-on-year. The imports went up by 5.9% to EUR 19.7 billion, according to the National Institute of Statistics.
With roughly 150 Japanese companies doing business in Romania, Nippon investments in Romania could increase, provided that the local infrastructure were better, Japanese Ambassador to Romania Keiji Yamamoto said on Thursday.
What are the trends shaping the local real estate market in 2015? Office, retail, industrial and residential – what factors will influence the evolution of each of these segments by year end? Will the market come close to last year’s record level and will new players make an entrance? These are just a few of the topics that will be discussed at Realty 2015.
Romanian company TMK-Artrom Slatina, one of the leading manufacturers of seamless steel pipes for industrial applications, has invested about EUR 10 million in a new unit that will produce hydraulic cylinders and pipes for the automotive industry.
The first edition of the “Bosch Innovation Day” took place on Saturday in Blaj, under the aegis of Germany’s Bosch industrial group and of the local Bosch Rexroth SRL company.
Romania is currently in a very good economic situation and sees sustainable economic growth based on exports and industrial production, and not, as in the previous years, on real estate and financial speculation.
The Renault group will not leave Romania, even if the country still lacks a highway which connects the Constanta port to the western part of Romania, said Nicolas Maure, CEO of Dacia, part of the Renault Group.
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