According to Business Review, Indian carmaker Tata Motors is currently negotiating with local authorities in Cluj its entry on the Romanian market via an investment in the Tetarom 3 industrial park in Jucu.
According to Business Review, IT company Endava posted a 60% growth of its business in Romania in 2011, up to a turnover of €9.2m, a quarter of the company’s sales being achieved locally. The company also raised by 33% the number of employees in Cluj-Napoca, Iasi and Bucharest. Endava has recruited other 50 people during [...]
Source: Business Review British company Endava, provider of IT services and solutions, announced plans to recruit over 250 people all over the country in the first half of the year.
Source: Mediafax Romanian President, Traian Basescu, declared on Thursday, after meeting German Chancellor Angela Merkel, that Romania would start a large privatization process, involving thermal power producers Turceni, Rovinari and Craiova and railroad freight transporter CFR Marfa. Asked about the areas where Romania would like to receive German investment, President Basescu declared it was no [...]
Source: Balkans.com Portuguese group EDP Renovaveis has completed a wind farm worth over €100m in Cernavoda, which spreads to 76 parks, while Petrom, Romania’s largest company, began commercial operations on October 1 at a wind farm in Dorobantu, Dobrogea. The park has a capacity of 45 MW and consists of 15 wind turbines of 3 [...]
Source: Balkans.com Copper producer Cupru Min Abrud has been put up for auction at a starting price close to Ron200m. Canadian company Barrick, the largest gold producer in the world, and Mineco of Switzerland, which bought Moldomin, are interested in taking over the local entity.
Source: thediplomat.ro German tire producer Continental will expand its production facility in Timisoara, following an investment of €40m. The company will hire 300 more employees after the expansion. Continental has been present in Romania for 11 years and operates 8 production units and 3 research and development centers, mostly based in Timisoara, Sibiu, Carei, Arad [...]
Source: Bloomberg CEZ, the biggest Czech energy producer, plans to add 2,000 MW of renewable energy in Romania as part of a plan to boost green capacity by 3,000 MW. The Czech utility may invest €3bn in renewable energy by 2013, about half of that in Romania, where some new projects may be bought [...]
Source: Balkans.com Nuclearelectrica, the Cernavoda nuclear plant operator, is launching an auction to attract investors interested in the €4bn project to build two new reactors at Cernavoda. The shareholders of the project company that will operate and build the two EnergoNuclear units are Nuclearelectrica (84.65%), Enel, Italy (9.15%) and ArcelorMittal, Galati (6.2%). The state intends [...]
Source: Balkan Business News American irrigation systems producer Toro will open a new production facility in Ploiesti, targeting markets in Russia and Ukraine, but also local agriculture. The production plant is located inside Ploiesti West Park and is being developed following an investment of €20m. It will hire 100 employees. On the local market, Toro [...]
