Belgian developer Liebrecht & wooD will invest EUR 100 M in a commercial park in Cernica and is negotiating with large furniture and DIY retailers. IKEA is among them, according to economica.net. Construction works on the second outlet in Bucharest will start next year and the investment is forecast to total EUR 110 M. Cernica [...]
While the Legislative Council argues that president Klaus Iohannis is entitled under the current legislation to run for a seat in Parliament as an independent candidate on the list of a party, former Constitutional Court head Augustin Zegrean claims that this is not possible and furthermore “would breach the principles of democracy,"
The two Romanian automobile producers, in their early stage of adopting electrification and thus less exposed to the twist in buyers’ options, announced their aggregated output rose by 8.7% y/y to 356,475 units in January-August, according to the industry association ACAROM, quoted by
Romanian dairy maker Fabrica de Lapte Brasov, which produces the Olympus brand in central Romania at Brasov, part of the Greek group Hellenic Dairies, announced it completed its EUR 40 million logistics hub that would serve the group's regional operations. The company ranked last year as the largest exporter among food producers in Romania. The […]
VAT Romania, part of the Swiss group manufacturer and supplier of vacuum valves, has started the construction of its new factory, located in VGP Park Arad. The factory will be the third main global production facility for VAT, alongside the headquarters in Switzerland and the facility in Malaysia. It will also host engineering departments, IT, […]
French group Michelin will relocate some 60 workplaces from its flagship factory located at Stoke-on-Trent in the United Kingdom to Eastern Europe, of which 22 to Romania (Bucharest) by the end of next year, and 39 to Poland (Warsaw) until September 2025, according to
Romanian electricity utility group Electrica (BVB: EL), with the state as the main (but not majority) shareholder, is planning to issue in 2025-2026 one or more "green" or "sustainable" bonds with a total envisaged value of EUR 500 million and to open a EUR 620 million credit facility. The company's shareholders are invited to endorse […]
