Source: Canadian Business Sterling Resources Ltd, a Canadian oil and gas explorer operating in Europe, says it has struck a deal with the Romanian government that will allow the company’s exploration plans in the Black Sea to go ahead.
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: Fox Business Russia’s biggest independent oil producer OAO Lukoil Holdings (LKOH.RS) announced on Thursday the Romanian government has approved a deal to enable it to explore and develop two offshore blocks in the Black Sea. “The Government of Romania has ratified concession agreements for exploration and development of Est Rapsodia and Trident, two [...]
Source: Mediafax Alina Ghica, Marketing Director of tire manufacturer Michelin Romania announced that the Romanian winter tire market increased by up to 130% in the first nine months of the year compared with the same interval a year ago, to 1.46m units. The winter tire sales stood at 1.3m units in 2010 and surged [...]
Source: Balkans.com According to data released by the Statistics Institute, industrial production advanced by 1.9% in August, a second positive monthly growth rate, after 1.8% increase recorded in July. Production increased by 1.8% in Manufacturing, by 6.5% in Energy and 2.8% in Mining and Quarrying. Compared to the same month of the previous year, industrial [...]
Source: Balkans.com Prime Minister Emil Boc announced the Romanian Government approved on Wednesday seven agreements for concessions for oil exploitation. The chairman of Romania’s National Agency for Mineral Resources (ANRM) Alexandru Patruti declared that all agreements are signed with two Irish companies, 6 with Backstairs Energy and one with Moesia Oil and Gas.
Source: Balkans.com Zeta Petroleum intends to raise funds up to 15 million Australian dollars for the drilling of two wells on the gas field in Bobocu, Romania, as well as the starting up of new opportunities for business.
Source: Bloomberg German car-parts maker Kirchhoff Automotive GmbH will invest €15m in a plant in Southern Romania. The plant will start production next year and will supply parts to Ford Motor Co. (F)’s Romanian unit.
Source: Balkans.com Yazaki Romania, one of the future suppliers of Ford, will inaugurate a factory in Caracal, Olt County, on the 6th October. Yazaki has rented a 6,000 sqm area within the Romanita clothing factory in Caracal, where it will invest €10m to manufacture cables for Ford Romania. Yazaki will supply car parts for Ford’s [...]
