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Global Safety Textiles opens second airbag factory in Sighisoara

Global Safety Textiles has a long tradition in textile industry, the company being founded in 1836, with a ribbons manufacturing unit in Bad Säckingen. In 2011, the former owner ITG Global was taken over by the Chinese group Hyosung, specialized in airbags manufacturing.

Top Factory on Sale for EUR 405,000 VAT included

With 45% down on price compared to its evaluation, the factory Algenia Confex is put on sale.

Commercial Real Estate Projects Investments Doubled in 2013 in Romania

The investment volume for commercial real estate projects in Romania exceeded EUR 343 million in 2013, with more than 100% growth compared to the previous year, according to the latest CBRE research.

Trade deficit down to EUR 249 mln in January; exports up 6.3 pct

Romania recorded a trade deficit of EUR 249 million last month, lower by EUR 49.8 million compared to the deficit recorded in January 2013. Exports went up 6.3 percent in euro, rising faster than imports (4.6 percent), according to data released by the National Statistics Institute on Wednesday.

Romania, EU’s 2nd highest increase in industrial production in January

Industrial production grew by 2.1 percent in the euro zone and by 2.4 percent in the EU28 in January 2014, compared with January 2013, with the highest increases being registered in Luxembourg and Romania, show figures released on Wednesday by Eurostat, the statistical office of the EU.

Alstom aims to turn Romania into regional hub for power, transport

France’s Alstom, the engineering group, plans to hire up to 50 IT engineers in the next three years, as part of a wider strategy designed to develop local operations into a specialized export center for the power and transport markets in Eastern Europe, said on Wednesday Gilbert Porcherot, president of Alstom Romania.

Cargus: EUR 25.7 million revenue in 2013

Cargus, one of Romania’s top domestic delivery companies, has reported a 20% growth in revenue for 2013, making it the best year of its history. The courier company has reached a record EUR 25.7 million revenue, almost 6 million more in comparison to 2012.

Romania's industrial production up 10.1 pct in January compared to last year

Romanian adjusted industrial production rose 2.3% in January compared with a month earlier, on higher manufacturing output, the country’s statistics institute INS said Tuesday. Industrial production rose 10.1 percent compared to January 2013.

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