Industrial production prices were down 0.3 percent in March in Romania, month-on-month, and 1.1 percent year-on-year, according to data from the country’s Statistics Institute (INS).
The Sibiu – Pitesti highway in Romania will be finalized in two stages, partially until 2017, and completely until 2019, said the Transport Minister Dan Sova. The segments connecting Sibiu to Boita and Pitesti to Curtea de Argeș and Ramnicu Valcea will be ready in 2017, the minister said, who emphasized that ‘nothing has ever been done about this highway in Romania’.
The managers of the companies estimate, for Q2, growth tendencies in the manufacturing, constructions and retail industries and a moderate growth tendency in the sector of services, against Q1 according to the short term indicator published by INS.
President Traian Basescu told the TRW Automotive Investors in Roman they can trust Romania and the economy of our country is performing better and better, assuring them he will pay attention to the evolution of this plant also after the end of his term.
The shareholders of Albalct, the largest Romanian owned dairy producer, recently approved the initiation of negotiations with potential investors for the partly or fully selling of Albalact Logistics, the company in charge with the company’s logistic activity.
Draexlmaier Group, one of the most important producers of wiring systems in the auto-industry, will open a new factory in Pitesti, where it will produce replacement parts and wiring for one of the largest car-makers in the world. The project will create 500 jobs.
Symmetrica, the local leader on the paving bricks and vibropressed curbs market and the largest local producer, has made total investments of 23 million euro in its 20 years of existence, out of which 18.5 million euro were directed to the five production units.
EuropaProperty.com and CEO Manufacturing Magazine are proud to announce the second annual CEE Manufacturing Excellence Awards & Strategy Summit. Our annual industry event covers, supports and recognizes manufacturing success in all sectors of the industry. Building on the success of our inaugural event, the Manufacturing Excellence Awards & Summit is being hosted June 10/11, 2014 once again in the beautiful InterContinental ballroom.
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