Source: Balkans.com Car cable systems producer Yazaki has launched a new €4m production facility in Caracal, Olt County. The firm already operates a facility in Ploiesti, which was opened in 2003. At the Caracal site, Yazaki will produce cable systems mainly for Ford, targeting both the local market and the European production facilities of the [...]
Source: Act Media Gabriel Ghelmegeanu, the President of the Romanian-Chinese Chamber of Commerce declared on Thursday that a group of Chinese investors from Anhui Province want to buy or lease croplands in Southern Romania to grow and trade vegetables and fruit. “Five Chinese business people headed by the chairman of the Agriculture Committee of Anhui [...]
Source: Balkan Business News Enel Green Power, through its subsidiary Enel Green Power International BV , signed an agreement with the Danish government’s Export Credit Agency and Citigroup for a 12-year financing of €112m, guaranteed by Enel Green Power, that will be fully paid out by the end of October. This financing will be [...]
Source: Balkan Business News Romania’s PM Emil Boc received at Victoria Palace a delegation of representatives of Sofiproteol Group, with whom he has discussed about investment projects of the group in Romania, the development prospects of biodiesel sector and aspects about the Common Agricultural Policy after 2013. The representatives of the French Group have [...]
Source: EMG Portal China’s Huawei company will invest nearly €200m in Romania by 2014. Its main investment projects will be a Huawei European Design Centre at Pipera and a nationwide fibre optic network, jointly with Romania’s Transelectrica. The opening of the Huawei European Design Centre in the Pipera area, near Bucharest City, is scheduled [...]
Source: Financial Express Ranbaxy Labs, India`s largest drugmaker, competes with the Chinese telecom equipment-maker ZTE to acquire Nokia’s factory in Romania, which stands on the verge of shutting down. Ranbaxy intends to ramp up production in Romania so that it can be used as a strong base to export generic drugs, not only to [...]
Source: Balkans.com China Gezhouba Group International, one of the direct contractors of the world-largest hydro power plant Three Gorges, expressed its firm commitment to develop on its own the €1bn, 1GWh pumped hydropower plant, planned by Romania, Ziarul Financiar announced quoting sources closed to the talks held by the Romanian minister of economy Ion Ariton, [...]
Source: Balkans.com Enel Green Power’s MW70 “Salbatica II” wind farm is now operational in Romania. The wind power plant, composed of 35 wind turbines of MW2 each, is located near Tulcea, in the North Dobrogea area. The Salbatica II wind farm is expected to generate around kWh200m annually, enough to meet the power consumption needs of [...]
Source: Act Media The value of the investments made in Romania by the Dutch companies exceeded €11bn in 2011, €1.5bn (+15.8%) above the amount reported in the last year for the period July 2010 – July 2011, the officials of the Romanian-Dutch Trade Chamber (NRCC) told a press conference on Tuesday. “At present, over [...]
Source: Bloomberg EFG Eurobank Ergasias SA (EUROB) plans to inject about €20m capital in its Romanian unit Bancpost SA by the end of 2011, Mihai Bogza, the unit’s Chairman declared. The shareholders of Bancpost are scheduled to vote on Nov 7 to raise the bank’s solvency ratio from the current levels of 13.6%, under [...]
