Transportation Minister Dan Sova said yesterday during a press conference held at the Iasi City Hall that the construction of the Ungheni-Iasi-Targu Neamt that will connect Moldavia (North-east Romania) and Transylvania (North-west Romania) will begin in the fall of 2015 and might be completed late in 2017.
Recently, German technology group Bosch opened in Cluj its second production unit in Romania, dedicated to manufacturing car parts. More precisely, the company will produce in Cluj electronic parts and control devices for the car industry.
The Tetarom I industrial park in Cluj-Napoca will be expanded with an additional 12 hectares, following an investment of RON 42 million, plus VAT, writes Agerpres newswire.
The company Meridian Auto, distributor on the local market for Dacia and Renault, has invested EUR 4.5 – 5 million in a new auto complex for the two brands, situated in Pipera, in Norhthern Bucharest, according to the executive manager of the auto centre Meridian Vest, Cătălin Boteanu.
A Greenfield investment of over EUR 1.5 million, made by the German company Stanzwerk Wetter AG, for the manufacturing of furniture components was inaugurated on Tuesday in Arad’s city Ineu.
"Last week the feasibility study for the express road has started. We began to identify the route and the necessary data for the express road. Due to expropriations, the works will start in two years ", has declared Horia Teodorescu, al Council during the inaugural flight Bucharest-Tulcea of the airline Fly Romania.
Romania’s gross domestic product (GDP) grew by 3.8 percent in the first quarter of 2014 from the similar span of time of last year. This is the largest annual advance registered by a European Union (EU) member state, according to some preliminary estimates published on Thursday by the European office of statistics (Eurostat).
The property investment volume recorded in Q1 2014 is estimated at a record EUR 337 million, higher than the total volume in 2013, according to Jones Lang LaSalle (JLL) Bucharest City report.
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