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Swiss company invests EUR 44 mln in factory in Northern Romania

Swiss company Alu Menziken will invest EUR 44 million in a plant located in the village of Mediesu Aurit, Satu Mare county.

Sitemani, manufacturer from Braşov, to invest EUR 1 million in new production lines

Sitemani, a company owned by two Romanian entrepreneurs, manufacturing mustard and different sauces, aims this year a turnover increase with 5-10 pct., reaching total sales of EUR 4.5 million, according to ZF calculations based on data from the Ministry of Finance.

Dräxlmaier expands production in its Braşov, Hunedoara and Piteşti factories

German auto parts manufacturer Dräxlmaier, with global turnover of 3.7 billion Euros and more than 55,000 employees, including nearly 15,000 working in factories in Romania, is currently undergoing a production expansion process of the production in its factories from Braşov, Hunedoara and Piteşti.

Romania sees highest increase in labor costs in EU

The average hourly labor cost grew by 14.7% in Romania between July and September compared to the same period last year. It was the highest growth in the European Union, according to EU’s statistical office Eurostat.

P3 wins ‘Best Warehouse Lease of the Year’ 2016 at the CIJ Awards Gala

P3, the specialist owner, developer and manager of European logistics properties, won the prestigious 2016 ‘Best Warehouse Lease of the Year’ at the ninth CIJ Awards Romania, which took place on 8 December 2016. P3 received this distinction following the lease contract signed with the leading European retailer Carrefour for 30,000 m2 at P3 Bucharest park, the largest logistics park in Romania.