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Articles

Bilka intends to rent land for the expansion of its Brasov factory, EUR 12 million investment

Metallic tiles manufacturer Bilka, owned by the Romanian entrepreneur Horațiu Țepeș, has in plan investments of ERU 12 million in manufacturing corrugated sheets for the industrial sector and turnkey industrial facilities, which would bring the company’s business to EUR 100 million,

Romania’s furniture exports, up almost 10%

Furniture exports increased by 9.7% in the first six months of the year compared to the same period last year, reaching over EUR 1.1 billion, according to the Romanian Furniture Manufacturers’ Association (APMR).

Covalact invests EUR 3 million in new production line

The dairy producer Covalact has launched a new production line for Cottage Cheese at the factory from Sfantu Gheorghe (Covasna county), following a EUR 3 million investment, according to profit.ro.

German group Bosch invests in educational center at Cluj factory

German group Bosch, with sales of over EUR 270 million in the local market, has started the construction of a multi-functional center within its car parts factory in Jucu, Cluj county.

American giant pays EUR 60 million for the major share of Astra Rail wagon factories

An American giant controlled by important financial companies such as BlackRock, RBC or Merrill Lynch, took over the major share within Astra Rail Manage­ment, which operates three wagon factories.

Romanian industrial production up by 2.7 pct in August compared with 2015

The industrial production increased by 1.8 percent in the euro area in August 2016, compared with August 2015, due to production of durable consumer goods rising by 4.9 percent, capital goods by 2.6 percent, intermediate goods by 2.0 percent and energy by 1.5 percent, while production of non-durable consumer goods dropped by 0.1 percent.

Two logistics companies opened intermodal terminal in Oradea

Logistics companies P&O Ferrymasters and Transmec Group invested in an intermodal terminal in Oradea, managed by the company Intermodal Vest, owned in shares by the two firms.

Sibiu-Orastie highway section in Romania reopens for traffic

The segment of the Sibiu-Orastie highway in Romania that was closed one year after its opening due to the large cracks formed in the road, was reopened for traffic on Monday, October 10. A 500-meter portion of this highway segment was completely demolished and rebuilt due to structural problems.

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