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Romania’s car market sees highest increase in Europe

Romania’s car market saw an annual growth of 68.6% in August, the highest increase in Europe. Over 12,400 passenger cars were registered in Romania in August, compared to only 7,300 units in the same month last year.

Scandia Sibiu bought cannery in Hunedoara

Scandia Sibiu, one of the largest meat and vegetables cans manufacturers, bought the company Rotina Product, owner of a cannery in Hunedoara, according to official data.

Prodplast Bucharest buys plots and production facilities in Buftea

Prodplast (PPL), a company manufacturing plastic products, controlled by Pogonaru family, will buy plots of land with a total area of more than 34,000 sq. m and production facilities with a total area of more than 17,000 sq. m, shows a stock exchange report.

Zewa to build a factory with EUR 21 million in Prahova

Swedish group Zewa, one of the well-known paper manufacturers worldwide, a giant with EUR 12 billion business and 50,000 employees, plans the development of a factory in Romania, in Păuleşti, Prahova county, a project with a value of nearly EUR 21 million.

FM Logistic to invest EUR 20 million in a warehouse in Dragomireşti

FM Logistic Romania, one of the largest players in logistics and transport sector, invests EUR 20 million in a warehouse of 20,000 sq. m, for drugs, medical equipments and cosmetics.

Faurecia opens in Ramnicu Valcea seat covers factory after EUR 12 mln investment

Faurecia opened in Ramnicu Valcea a plant for automotive seat covers that is expected to equip with upholsteries 280,000 cars in 2016 only. The factory, representing an EUR 12 million investment, became the company’s fourth in Romania, alongside those in Talmaciu (Automotive Seating, covers), Craiova (Emissions Control Technologies) and Pitesti (Interior Systems).

Car producers plan to relocate R&D centers to Romania, Bulgaria

European car producers intend to relocate their research centers to Eastern Europe following the UK vote in favor of Brexit, to decrease their costs and to preserve free access to the European market, reports The Guardian.

Romania, among EU states registering growth of industrial production in July

Although the industrial production decreased by 1.1 percent in euro area and by 1 percent in EU28 in July 2016, compared with June 2016, Romania is among the EU states where output of the industry grew by 0.6 percent, according to the European Statistics Office (Eurostat).

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