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: 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: Mediafax Romanian Transport Minister Anca Boagiu and Suceava County Council President Gheorghe Flutur signed on Friday the contract for the Suceava Airport’s modernization through the Transport Operational Program, a €39.5m investment financed by the EU and the national and county budget.
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 Metrorex signed a €10.2m contract, VAT excluded, with a consortium formed of the Romanian company Metroul and French firm Systra for construction consulting services for the Universitate-Piata Iancului subway section. Half of the ten-year deal involves the provision of services and the supervision of execution works, while for the remaining 60 months [...]
Source: NewsIn According to a communication released by CFR, the company will organize in October an open tender for awarding the works for the rehabilitation of 12 bridges and footbridges in Brasov, Constanta and Timisoara.
Source: NewsIn The Ministry of Regional Development and Tourism announced that the Romstrade and Primacons Association will rehabilitate the county and local roads in Prahova, Giurgiu and Ilfoc from 2011–2013 for Ron781m and Vega Galati, Arcada, Primacons Group and Aquaform will modernize the county roads in Buzau and Vrancea for Ron508m.
Source: Balkans.com Romania’s Prime Minister Emil Boc said the new contract with US constructor Bechtel will be discussed by the government in September, after which the Gilau – Nadasel section (Cluj County) of Transylvania Highway will be put up for auction. The auction could be completed by the end of this year.
