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Articles

INS: Net investments in Romanian economy up by 8.7 pct in H1

The net investments in the Romanian economy amounted to over RON 29.3 billion in the first semester, a growth of 8.7 percent compared with the same period of 2015, according to a press release of the National Institute of Economy (INS) on Tuesday.

Braas Monier buys Elpreco tiles factory in Craiova for EUR 8 million

German group Braas Monier, owner of Romanian tiles factory BRAMAC in Sibiu, signed an agreement for the acquisition of the tiles manufacturer Elpreco in Craiova from CRH, for EUR 8 million, the group announced.

Hourly labor cost 12% up in Romania in the second quarter

The hourly labor cost in Romania has increased by 12% in the second quarter of the year compared to the same period last year.

EBRD lends EUR 25 mln to aircraft parts producer

The European Bank for Reconstruction and Development (EBRD) has awarded a EUR 25 million loan to Universal Alloy Corporation Europe (UACE), which specializes in producing aluminum parts producer for the aircraft industry.

Industrial production prices down 0.5%

In July 2016, industrial production prices for the total (domestic market and non-domestic market) decreased by 0.5% compared to June 2016.

Builder of Transilvania highway segment accused of breaching contract, says minister of transport

The minister of transport, Sorin Buse, announced that the construction firm of Suplacu de Barcau-Bors segment within the Transilvania highway project didn’t meet all the provisions of the contract and requested the head of the Spanish company responsible for the construction, to decide the future of the project, according to a release of the Ministry.

German company gives up investment in a factory in Târgu Jiu

Auto parts manufacturer EKR-Elektrokontakt România, part of German group Nexans, with 2,500 employees in Romania, gave up an investment of nearly EUR 18 million in a factory in Târgu-Jiu, Gorj county, a project which should have created more than 800 jobs.

CNADNR to finish the works at Bucharest’s ring road between A1 highway and Chiajna by winter time

Works at Bucharest’s ring road between A1 and Chiajna /National Road 7, for the modernization to two lanes per way are advancing, so the traffic will be opened in the end of the year.

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