Ioan Nani, general manager of drugs manufacturer Antibiotice Iaşi, one of the biggest players on the market, says that this year will invest EUR 2.5 million in the development of its topic products (creams, ointments etc).
The European commissioner for regional policy, Corina Cretu, approved the financial contribution through European fund of regional development (FEDR) at the regional project „Rehabilitation of the National Road 1C between Dej and Baia Mare”. The co-financing of EU for this major flashback project, whose rehabilitation works were finished in 2016, amounts to EUR 57 million.
The property investments in Central and Eastern Europe amounted to EUR 12.56 billion in 2016, representing a 42 percent increase compared with 2015 and the third highest CEE regional investment volume since 2007, when they stood at EUR 15.81 billion.
Arkema completed the acquisition of Den Braven, a leader in high performance sealants for insulation and construction in Europe, on 1st December. With this strong value-creating acquisition, Arkema confirms its long-term ambition for Bostik, and actively pursues the development of its High Performance Materials division.
Dacia recorded a new sales record, with 584,219 units delivered in 2016 at global level, a growth by 6 percent compared with 2015, when 551,000 units were delivered. In 2014, Dacia succeeded to overpass the level of half a million of cars delivered at global level.
Car parts maker Continental announced that year it will expand again the electronics items factory from Timisoara that produced in 10 years of activity 60 million units (finished electronics items). The investment is worth EUR 12 million and represents the third expansion of the work factory space, according to Continental.
Swiss company Alu Menziken is set to receive state aid worth RON 88 million (around EUR 20 million) for its planned investment in an aluminum components plant located in the village of Mediesu Aurit, Satu Mare county, in northern Romania, local Ziarul Financiar reports.
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