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Auto parts represented almost half of the total exports in 2015 in Romania

The products of the machinery industry represented 45.8% of the total of exports in the first nine months of 2015, with over 18.7 billion euro worth, the data published by the Ministry of economy, commerce and relations with the business environment (MECRMA) shows.

Saint-Gobain Construction Products Romania closes Ploiesti plant

Saint-Gobain Construction Products Romania – Business Unit Isover announced the closing of its Ploiesti plant, leading to the redundancy of 42 employees, according to Profit.ro website.

Real estate transactions registered EUR 800 million last year, below the level of 2014

Romania attracted in 2015 real estate transactions with a total value of nearly EUR 800 million, down compared to 2014, when EUR 1.15 billion real estate projects were transacted, including offices, retail, and industrial properties.

Industrial facilities market: Romania starts to be preferred instead of Poland and Czech Republic

On the industrial segment we assist to a growth, mainly in the production area, being a certitude that in 2014 Romania started to be preferred instead of Poland or Czech Republic, due to lower labour costs, qualified personnel and level of instruction.

German car parts producer Eberspacher will invest EUR 32 mln in new factory in western Romania

German car parts producer Eberspacher will invest EUR 32 million in a new factory within the Eurobusiness industrial park in Oradea, in the west of Romania. The factory will produce exhaust systems.

Romanian meat processing industry remains stable despite two major insolvencies

According to a Coface study of the companies operating in the meat processing industry, the revenues remain stable at sector level, and the consolidated net result tends toward the minimum threshold of profitability, based on financial data available for 2014.

OMV Petrom invests EUR 18 M in storage infrastructure

OMV Petrom has finalized its works on upgrading its oil storage site in Cluj, following an investment of approximately EUR 18 M, a company press release informs.

Cornel Caramizaru is FrieslandCampina Romania’s new general director

FrieslandCampina Romania will have a new general director starting January 2016, Cornel Caramizaru, replacing Jan Willem Kivits who has moved on to become FrieslandCampina Russia’s general director.

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