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Articles

Austrian SW Umwelttechnik to invest EUR 1.5 million in new factory in Romania

Austrian precast manufacturer SW Umwelttechnik started the construction of its third factory in Romania, in Cristești, Iași county, the value of the investment being estimated at EUR 1.5 million, according to a company’s release.

S&P affirms Romania at 'BBB minus', with stable outlook

Standard & Poor’s Ratings Services on April 8 affirmed its ‘BBB-/A-3′ long- and short-term foreign and local currency sovereign credit ratings on Romania, with a stable outlook, the rating agency said in a statement.

General Electric plans to hire another 200 engineers in Romania

American group General Electric (GE) has reached 900 employees in Romania. Some 350 of them joined the company following the takeover of the industrial group Alstom by GE, a global transaction worth USD 9.5 billion.

Unilact Transilvania aims for 20 pct increase in business

Romanian dairy producer Unilact Transilvania aims for a 20 percent hike in turnover this year, to RON 16.8 million, after 2015 brought the company a 16 percent advance, to RON 14 million (EUR 3.15 million).

Domestic investors to be the most active players in the Hungarian real estate markets

According to CBRE Investment Breakfast Intentions Survey the vast majority of investors expect more than EUR 1 billion of investments in the Hungarian commercial real estate markets in 2016. Participants at CBRE Investment Breakfast hold on 5th Aprils 2016 were much more confident that in 2016 the Hungarian investment volume will increase further than they were last year.

Wim Bosman Romania plans over EUR 16 million business in Romania

Wim Bosman Romania, logistics, transport and customs clearance company, part of the New Zealand group Mainfreight, registered last year a turnover of EUR 14 million, with 6 pct. growth compared to 2014.

FM Logistic to add 10,000 sqm warehouse to its logistics platform in Petreşti, Dâmboviţa

FM Logistic Romania, an important local player in the logistics and transport sector, announced EUR 5 million investments in the extension of its logistics platform situated in Petreşti, Dâmboviţa county.

Local joinery producer Electric Plus enjoys 33 pct rise in turnover in 2015

Electric Plus, a Romanian PVC joinery producer, announced a 33 percent hike in its turnover in 2015 over the previous year, going from EUR 15 million in 2014 to EUR 20 million last year.