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Somes Dej paper factory place on sale for EUR 7.9 mln after declaring bankruptcy

The paper and cellulose factory in Somes Dej, controlled by Stefan Vuza, declared bankruptcy in 2013 and has been placed on sale through direct negotiation, with a starting price of EUR 7.9 million, no VAT, according to Mediafax newswire.

Globalworth completed the acquisition of TAP and develops the first phase of the space for Continental

Globalworh mentions in a report recently published that it has completed the acquisition of Timisoara Airport Park and develops according to the schedule the first phase of the space for Continental.

Companies ask for delay in gas market deregulation for industrial consumers

Romania’s energy regulator and several private companies have called on the Department for Energy to postpone by at least one more year the deregulation of the natural gas market for co-generation power plants and industrial consumers.

EU grants Romania an extra EUR 260 million for highway projects

The European Commission has decided to supplement Romania’s funds dedicated to building new highways with over EUR 260 million taken from cohesion funds. Therefore, the Brussels executive branch of the European Union will give EUR 439 million to Romania to update its highway system.

Romania real estate - investment trends and outlook visions forum - Plus the 10th annual SEE Real Estate Awards nomination launch

On November 27th at the Athenee Palace Hilton Hotel in Bucharest Europaproperty is organizing an afternoon of high impact discussion panels and presentations covering Romania’s industrial, office and retail sectors, which will also provide opportunities to meet manufacturers, retailers and office tenants.

Ford to lay off 680 employees at Craiova plant; 20 pct of personel

American car maker Ford will fire 680 of its employees from the Craiova plant, where it currently employs 3,200 people. The company will launch a voluntary layoff program, and will commence the firings according to enrollment.

Bucharest – Giurgiu express road to be finished in December 2015

One of the most important and used roads in Romania is the one linking Bucharest and its beltway to Giurgiu and then southern Romania and Bulgaria.

Investment of EUR 150 M in upgrading coal-burning Rovinari power plant

The Oltenia Energy Complex (CEO) has brought online group 4 of the Rovinari thermal power plant, a power group that has undergone a technological upgrade, the energy giant now having at its disposal seven technologically upgraded power groups, private manager Laurentiu Ciurel stated at a press conference on Tuesday.

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