Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Romania’s concrete pavers producer Elis Pavaje invests EUR...

Romania’s concrete pavers producer Elis Pavaje invests EUR 13 mln on rising demand

April 16, 2024

Romanian producer of concrete pavement systems Elis Pavaje announced that it is investing EUR 13 million to expand one of its five factories amid the growing demand for construction materials.

The company will finance the investment from bank loans and own resources (reinvested profits). 

The factory is located in Stoenești, near Ploiești, and is the second of the five owned by the company. It was built in 2007.

With an area of ​​5 ha, the factory will expand by...

The text of this article has been partially taken from the publication:
https://www.romania-insider.com/elis-pavaje-investments-growing-demand-2024
Read in full - click here
Political and fiscal normalization in Romania delayed by president's resistance to VAT rate hike

Romania's efforts to stabilize its fiscal position and finalize a new ruling coalition have been delayed after president Nicușor Dan rejected a proposed VAT rate increase central to a budgetary corrective package agreed by the four pro-Western parties,

Possible bronze-age sword found in eastern Romania during house search

A sword that may date back to the Bronze Age, roughly 3,500 years ago, was found following searches carried out in a case of aggravated theft, in the commune of Corbasca, Bacău County. The searches targeted the home of a 61-year-old man suspected of illegally possessing a cultural asset likely to be part of the […]

Romania’s construction output down 0.5% y/y in April after buoyant Q1

The construction works volume in Romania decreased by 0.5% y/y in gross terms and by 2.8% in workday and seasonal adjusted terms in April, after it boasted a robust 10.6% y/y advance in Q1 (largely on low base effects), according to data published by the statistics office. By type of construction, engineering works—representing approximately 45% […]

Romania's CFA economic confidence index recovers after presidential elections  

Romania's economic sentiment rebounded sharply in May following the presidential election victory of pro-Western candidate Nicușor Dan, according to data published by the CFA Romania Society on June 19. The recovery comes after a significant decline in April amid fears of a potential win by isolationist candidate George Simion. After the recovery in May, the […]

Salt Bank Appoints Vikram Tikoo as Chief Technology Officer

Salt Bank has appointed Vikram Tikoo as its new Chief Technology Officer, marking a significant step forward in the company's pursuit of its digital banking vision. The appointment will take effect once approved by the National Bank of Romania. Vikram has extensive international experience delivering technology solutions on a global scale. He will help enhance […]

Romania’s April net wages herald end of high-growth period

Romania’s average net wage, which has posted annual growth rates for nearly two years, advanced by only 3.5% y/y in CFI deflated terms - the lowest growth rate since April 2023, according to data published by the statistics office INS. In nominal terms, the annual advance was 9.9% – the second-lowest growth rate since 2021.  […]