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Bosch Rexroth has 16.6 ml Euros worth of state aid approved

The Public Finance Ministry approved 16.6 million Euros worth of state aid for auto parts manufacturer Bosch Rexroth to expand its electronic sub-assemblies manufacturing capacities at its location in Blaj (Alba County), the Finance Ministry announced in release.

PMs discuss plan for Bucharest-Sofia-Belgrade highway

Bulgarian Prime Minister Boyko Borisov and his Serbian counterpart Aleksandar Vucic stated on Friday they are interested in the development of transport and energy infrastructure with Romania, including a highway linking the capitals of the three countries, given that in 2016 a highway between Sofia and Belgrade will be completed.

ArcelorMittal Galati completes EUR 1.8 mln investment

ArcelorMittal Galati steel plant has completed a EUR 1.8 million investment, which allows the company to reuse some of the raw material used in production and to decrease water consumption.

Germany’s Nexans Autoelectric to build plant in Targu-Jiu

The new plant will manufacture automotive cables for Daimler

Czech developer invests EUR 15 mln in logistics park in Romania

Czech developer CTP will invest up to EUR 15 million this year in the soon-to-be-acquired logistics park Cefin Arad, which is in liquidation.

Bucharest and five counties have half of Romanian exports

The companies in Bucharest insure 17 pct of the total exports, and the counties Argeş, Timiş, Arad, Constanţa and Braşov bring in the commercial balance of Romania another EUR 18 billion, generating together with Bucharest 50 pct of the EUR 52,5 billion exports in the local economy.

Romanian dairy producer targets EUR 115 mln business

Romanian dairy producer Albalact has targeted for this year a EUR 115 million turnover, up 7% over the previous year.

German car parts maker invests EUR 50 mln in new factory in Romania

German car parts producer Draxlmaier has invested EUR 50 million in a new production unit outside Codlea, in Brasov county.

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