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No investment in Bucharest Ring Road in 2016

Bucharest will not see this year any kilometre for its Ring Road, considering that the works at the missing segments in the northern belt will be completed only in the first quarter of next year.

Swedish cooperative buys former Titan factories and Casa Brutarilor stores in Romania

Swedish cooperative Lantmannen Unibake, controlled by 27,000 Swedish farmers, bought from the Austrian financial group Raiffeisen the retails and bakery operations of GoodMills in Romania (former company Titan), according to ZF sources.

Continental invests EUR 12 million in Timişoara factory expansion

Electronic auto parts factory Continental in Timişoara will invest EUR 12 million in the expansion of its facility with more than 7,000 sq. m. of warehouses, offices and social areas.

Electromontaj Sibiu puts on sale eight properties in Romania, due to losses

Electromontaj Carpaţi Sibiu (ELJA), a company in the field of energy constructions, sapproved the sale of eight properties in Romania, the decision being taken considering the company’s economic-financial situation.

Fiat Chrysler Automobiles is interested in a partnership with Uzina Mecanica Bucuresti

The Fiat Chrysler Automobiles, owner of the Jeep brand, is interested in a partnership with Uzina Mecanica Bucuresti (Bucharest Mechanical Plant, UMB), a subsidiary of the state-owned military technique company ROMARM. A preliminary meeting in this respect took place on Tuesday in Bucharest.

Ford should think about electric cars investment in Romania, suggests PM Ciolos

Romanian PM Dacian Ciolos has invited US car maker Ford to expand its investments in Craiova, suggesting that innovative production facilities could be hosted in the country.

Lidl puts on sale plots of 6.5 ha in large and medium cities in Romania

German retailer Lidl, present on the local market with nearly 200 discount stores, put on sale 14 plots of land in large and medium cities in Romania, with a total area exceeding 65,000 sq. m. For an average price of EUR 100/sq.m, the company could cash EUR 6.5 million.

Whiteland Logistics ended last year with more than EUR 11 million turnover in Romania

Whiteland Logistics registered last year businesses of EUR 11.3 million (50.2 million lei), up from 43.6 million lei, according to data from the Ministry of Finance.

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