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German car parts producer ups its production capacity in Romania

German car parts producer Draexlmaier has attracted a financing of EUR 40 million from the European Bank for Reconstruction and Development (EBRD) through an issue of hybrid bonds.

British expat replaces Romanian as manager of Dacia’s logistic division

Brit Graham Lawrence Aylett is the new manager of carmaker Dacia’s logistic division in Romania. He has replaced Romanian Stefan Gaibu, who was promoted on an executive position in Renault group’s European logistic division, headquartered in France.

Fornetti factory in Timişoara exports half of its production

Fornetti Romania, a company owning the largest pastry network locally, sold last year outside borders pastry products of EUR 14 million, representing 47 pct. of the company’s business last year.

Romania, a strategic location for Nokia

Romania is a strategic location for Nokia and local market operations will not be affected by the restructuring taking place at global level after Nokia’s takeover of Alcatel-Lucent, Nokia Romania General Manager Raoul Ros assured on Tuesday.

Rockwell Automation expands with offices at Bucharest and Budapest

Rockwell Automation, the world's largest company dedicated to industrial automation and information, expands its business in East and Central Europe and has opened two new offices in Bucharest, Romania and Budapest, Hungary.

Napoca Construcţii to sell its production facility in Cluj-Napoca for 25 mil. lei

Napoca Construcţii (NAPO), with a capitalization of 10 mil. lei, launched a call for its shareholders on 14th of July to approve the sale (partial or complete) of the precast production facility in Cluj-Napoca for a minimum price established for 2016 at EUR 100 per square metre.

Romania’s hourly labour cost sees 10.3 pct annual increase in Q1 2016

In the first quarter of 2016 the adjusted hourly labour cost posted a 10.3 percent increase over the same period of the previous year, while compared to Q4 of 2015 there was a slight drop of 2.5 percent.

Boromir Buzău associates to a company part of French giant, with EUR 4 billion turnover

Bakery manufacturer Boromir Prod Buzău announced the signing of an association agreement on 25th of May with the largest agricultural cooperative in France, corn flour producer.

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