Electromagnetica, one of Romania’s largest producer of LED lighting equipment, has recently entered new foreign markets and plans to expand LED lighting system export to Morocco, France, Spain, Germany and Colombia, according to the company’s general manager Eugen Scheusan, cited by local Agerpres.
According to a press release of the Presidential Administration, the law completes the Art. 20 (1) of the Law 186/2013 regarding the construction and functioning of the industrial parks, with the exemption starting from January 1st 2015 of the administrator and of the residents of the industrial park for the construction taxes included in the 1st Group from the Catalogue approved by the Government Decision no. 2,139/2004.
Courier service companies Cargus International and Urgent Curier, owned by investment fund Abris Capital Partners, will merge to become the second-largest player on the Romanian market, with a total turnover of RON 231.6 million in 2013, after FAN Courier.
The Romanian government has approved the signing of a Memorandum of Understanding with Bulgaria to implement feasibility studies on the construction of two new bridges over the Danube River: Silistra – Calarasi and Nikopol – Turnu Magurele.
Siemens announced a new local structure on October 16, one of the most important changes being the consolidation of the company’s business around three poles: electrification, automation and digitization, which are also the main long-term growth directions.
The Romanian auto market has been growing continuously for 15 months, with the total sales of auto vehicles and commercial vehicles registering a year-on-year growth of 26.8 per cent after the first nine months of 2014, according to the Automotive Manufacturers and Importers Association (APIA).
The Nadlac-Arad highway will be ready by the end of the year, considering that the works on the first section have been completed, Premier Victor Ponta stated on Friday in Arad.
A Black Sea ferry line that will link Romania’s Constanta port to Batumi (Georgia) and Ilyichevsk (Ukraine) ports, will be inaugurated today, October 16, according to the Romanian Ministry of Transport. Officials from Romania, Georgia and Ukraine will attend the launching event.
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