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Articles

US company to buy Romanian sunflower oil producer

Canadian group Delamore&Owl is interested in buying Romanian sunflower oil producer Argus Constanta owned by local investment fund SIF Oltenia.

Contract with Salini Impregilo to build segment no. 3 of Orastie – Sibiu Motorway in Romania, cancelled

The contract with Salini Impregilo to build segment no.3 of the Orastie – Sibiu Motorway has been cancelled, and a process to select a new company to remedy the deficiencies in that area will be started, with works to be completed in August, said Transport Minister Dan Costescu.

Romanian industry on upward trend for the first 11 months of 2015

Industrial production has registered an upward trend during the first 11 months of 2015, with production going up by 3.1 percent as adjusted series (2.6 percent as gross series) year on year, while turnover in Romanian industry registered a 2.2 percent rise, data from the National Institute for Statistics (INS) show.

German retailer Lidl invests EUR 20 mln in logistics center in western Romania

German retailer Lidl continues to expand in Romania with a modern and eco-friendly logistics center in Lugoj, western Romania. It is the company’s fourth such center in the country.

Ian Worboys, P3: Our new main targets are Arad, Timişoara, Deva, Cluj-Napoca

Ian Worboys, the head of P3, the owner of the largest logistics and industrial park on the local market, acquired last year, P3 Bucharest (former Europolis Logistic Park), says that the company will continue to develop projects, the west of the country being the main target, due to the automotive industry developed in the area.

New delay for Romania’s Sibiu-Pitesti highway

The Sibiu-Pitesti highway could be ready in late 2023, and the total value of the investment exceeds EUR 1.6 billion, according to a document of the European Funds Ministry.

Aerospace company Sonaca expands to Romania with new factory

The European Bank for Reconstruction and Development (EBRD) has allotted a US 8.5 million loan to the aerospace company Sonaca as it expands to Romania, boosting Romania’s “fast-growing manufacturing sector”, says a press release from the EBRD.

Romanian exports and imports increase by 4.1 and 7.2 pct, respectively, in Jan-Nov 2015

Between January and November 2015, exports and imports increased, FOB exports amounting to EUR 50.6 billion and CIF imports to EUR 57.8 billion, according to data from the National Institute of Statistics (INS).

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