Bosch inaugurated the second office building built within the Engineering Center in Cluj, following an investment of approximately 21 million euros, over a period of three years. The total investment, started in 2017, in the two buildings of the center in Cluj amounts to over 50 million euros. The new building, whose construction began in March 2021, has a built-up area of approximately 10,000 square meters, divided over ten floors, and is connected to the existing headquarters by two walkways. A year ago, Bosch announced that it will expand to Sibiu the research and engineering division. The Engineering Center has 1,400 employees in Cluj, and this year the construction of a ten-story building will be completed where work began in 2021. The Center operates in areas such as software, hardware and mechanical engineering, reliability engineering and quality validation, but also in the mobility sector. The factory in Jucu, Cluj county, registered growth in 2022, producing, compared to last year, 12 percent more electronic control units for airbags, multi-camera systems and for driving assistance. A new building was built at the Blaj factory. In 2018, Bosch bought a 44 ha plot of land in Simeria, to invest 110 million euros in a washing machine factory. A year later, the company announced that it would no longer make the factory, because there was no longer such a high demand in the market for these devices.
Romanian natural gas producer Romgaz (BVB: SNG) launched a EUR 500 million bond with a maturity of six years and a fixed coupon on October 28. This is Romgaz's second exit on the external capital markets, after the success of the previous EUR 500 million issue, with a five-year maturity, in October 2024. Both bonds […]
European Commissioner for Economy and Productivity Valdis Dombrovskis said in Bucharest on October 28 that Romania must adhere to its fiscal consolidation trajectory to ensure market stability and continued access to European funds. He spoke alongside Romanian Prime Minister Ilie Bolojan at a joint press conference. “The scope and nature of the measures taken correspond […]
Prime minister Ilie Bolojan has proposed Oana Gheorghiu, co-founder of the Dăruiește Viață Association, for the position of deputy prime minister, according to a government statement released on Tuesday, October 28. The nomination has been formally submitted to president Nicușor Dan for approval. Oana Gheorghiu is best known for co-founding Dăruiește...
The Romanian Senate adopted a draft law that automatically extends provisional protection orders and increases penalties for violating them on Monday, October 27. A total of 120 votes were recorded in favor. The bill extends provisional protection until the resolution in the first instance of the request for it, amending Law no. 217/2003 on preventing […]
BraveX Aero, a Romanian manufacturer of fixed-wing, long-range drones, announced on Tuesday, October 28, the signing of a strategic partnership with Germany’s Uniq Things UG, a technology company specializing in autonomous coordination and software for drone swarms. The technology allows for the simultaneous deployment of multiple drones, contributing to increased information and response capabilities for […]
The medieval citadel of Sighişoara, in central Romania, will host the first edition of the “Halloween in the Citadel” festival. The event will take place this weekend, between October 31 and November 2. The entire city center will be decorated in the spirit of Halloween with the ocassion. The towers and historic houses inside the […]
