Balkans.com,  German automotive parts maker Bousch will invest €77m in a new plant in Romania, in an industrial park near Cluj.  Bosch will employ about 300 people.   Bosch’s decision to invest in Cluj will fill the gap left by the closure of Nokia plant last year.  De’Longhi bought Nokia’s site and promised to invest [...]

Balkans.com, The economic and financial crisis continued to disrupt the Romanian car-making industry during 2011. Various sectors of the industry have seen different decrease rates as domestic market sales reported a nearly 8% drop compared to 2010, the output dropped by 4.5% and exports went down by 3.1%.

Balkans.com, US car part maker Johnson Controls opened a new production facility in Craiova, Southwestern Romania that would 160 new jobs. “The just-in-time (JIT) plant will supply Ford’s local assembly plant with complete seat systems for the new B-MAX minivan on a just-in-sequence basis,” Johnson Controls declared

Source: Business Review Euromonitor estimates that the Romanian toy market is one of the most dynamic in Central and Eastern Europe for manufacturers and retailers of toys and games as it could grow annually by 14% until 2015. This could translate into an increase of about $127m.

Source: Balkans.com A sum of €1.4bn will be allocated by the Romanian Ministry of Transport & Infrastructure for road construction in 2012. The road sections expected to be completed this year include: Cernavoda to Constanta section, Bucharest to Ploiesti, Timisoara to Arad, as well as the Arad and Constanta bypasses.

Source: Balkans.com Starting January 1st, the hotel tax will drop down to 1% for the whole country, following the new regulation of Fiscal Code which equalizes hotel tax value nationally.(…) Another decision to help extending tourism season at the seaside is to reduce by 50% the tax on buildings and lands located at Black Sea [...]

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: 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: Business Week  Romania plans to auction Cupru Min SA, its copper mining company, on 18th of January 2012 at a starting price of Ron263.3m ($85m), the Minister of Economy announced.  Potential bidders can submit offers by 17th of January 2012. Romania has received more than 10 letters of intent for Cupru Min.