The new natural gas and energy price hikes will write off over 10 pc of the hike of the minimum salary that will now reach RON 900. As happens every year, July 1 is a psychological date that brings about price changes which often affect household budgets. Thus, July starts this year too with hikes [...]
The Romanian company Robot Industries, a distributor of robotics and automation solutions, recently opened a new headquarters in one of Asia's main technology hubs, namely Nanjing, China. The company is in an ongoing expansion process, having recently inaugurated its European headquarters in Berlin. The new Robot Industries office opened in China will also help improve […]
Romanian prime minister Marcel Ciolacu stated during an interview on Thursday, October 17, that Romania will surely join the Schengen Area with its land borders this year. Ciolacu blamed the delays in joining the border-free area on his predecessor and current competitor for the position of president of Romania, liberal leader Nicolae Ciuca. "We have […]
Italian group Artsana SpA decided to close down in November the factory it operates in northeast Romania, in Botoşani, according to documents consulted by Economica. It employs 261 people there and produces parts for the global group Chicco. The...
Zalakerámia, a Hungarian ceramic tile maker part of the Austrian group Lasselsberger, is considering moving some production facilities from Hungary to Romania, most likely to Cluj, where the Austrian group already owns production facilities, Profit...
The Polish electronic recycling group Polish Elemental Holding entered the Romanian market by taking over an 80% stake in the small-sized local player, ACC Recycling Services. It also announced it is developing a EUR 20 million factory in Deva, according to Ziarul Financiar. The project is partly financed...
Two Romanian electricity utility companies, Electrica (BVB: El) and Renovatio Trading, will receive EUR 6.4 million in grants under a EUR 103 million scheme financed under the National Recovery and Resilience Plan (PNRR) to develop power storage capacities of 130MWh. The Romanian electricity distributor and supplier Electrica (BVB: EL) will receive EUR 3.4 million for […]
