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ACE to move entire production from Spain to Dej
Spanish group ACE, a producer of electrical parts for the car industry, has announced it will start building a new plant in Romania over the next two weeks. ACE Automotive Grup recently anno...
CSR receives 12.3m euros from Artrom
Combinatul Siderurgic Resita (Resita Steel Plant: CSR), which is owned by Russian group TMK, recently concluded a loan contract for 448bn ROL (12.3 million euros) with piping maker Artrom Sl...
RomTelecom to remove competition from its poles
Conflict looks set to break out between RomTelecom and players on the cable market, including cable TV operators, over the use of RomTelecom telephone poles. In an announcement on Tuesday, J...
A period of silence from you would be welcome
How many journalists are there in Romania? More than two? I ask because whenever I turn on my television I see the same two people: Cristian Tudor Popescu and Ion Cristoiu. For the uninitiat...
Upet to gain 10m euros from out-of-town relocation
Oil equipment producer Upet Tårgoviste is to relocate from the centre of Tårgoviste to outside the city. It hopes to derive 10 million euros from the sale of its land in the city centre, the...
Aectra sees $15m from plant protection
The agricultural division of Aectra Romania projects revenues of 15 million dollars (12 million euros) for this year, similar to the value logged last year, despite the direct entry onto the...
Italian land buyers go from west to east
Two well-known names on the Italian wine market, Cantine Giacomo Montresor and Fantinel, have decided to invest in the Romanian wine industry by acquiring large amounts of land in Romania. T...
Alro scandal goes from bad to worse
The former chairman of primary aluminium producer Alro Slatina, Alexander Krasner, and former company vice-chairman, Peter Braun, have gone to the courts to try and obtain an invalidation of...
Oltchim seeks 25m euros from investment funds
Chemical complex Oltchim Ramnicu Valcea wants to raise more than 25 million euros from investment funds in order to lift its production capacity on the construction materials segment and fin...