Business Review

As a member of the European Space Agency, admitted on December 22, 2011, Romania will contribute with EUR 7.4 million this year to the activity of the institution.

Otilia Haraga

American manufacturer Johnson Controls opened, yesterday, a new production facility in Craiova, in the premises of the Ford plant. The just-in-time (JIT) plant, spanning on 11,000 square meters, will supply seat systems for the new B-MAX minivan that will be rolled out later this year by Ford.

Ovidiu Posirca

After acquiring local agricultural equipment dealer Agroexpert last year, US based Titan Machinery estimates that in its first year of activity on the Romanian market it will report a turnover of more than USD 10 million, informs Mediafax. Romania is the first foreign market where the American agricultural and construction equipment dealer expands.

Simona Bazavan

Casa de Insolventa Transilvania was appointed judicial administrator of Staff Collection and Corssa, the two companies that run the local House of Art, Fox, Levis and Eponge stores and which have filed for insolvency.

Simona Bazavan

Several members of Greenpeace forced the entry into the building of the Ministry of the Environment and managed to go into the office of minister Laszlo Borberly protesting against the Rosia Montana mining project.

Otilia Haraga

UPDATE: German car parts producer Bosch has submitted a request for state aid for the investment project in Cluj, according to Prime Minister Emil Boc.

Otilia Haraga

A Romanian hacker suspected to have launched informatic attacks against the servers of the US Army, NASA and the Pentagon has been taken into custody by the Direction for the Investigation of Organized Crime and Terrorism (DIICOT) in Romania.

Otilia Haraga

25 out of 27 EU states, including Romania, agreed to sign a German-inspired fiscal stability treaty for stricter budget discipline at the end of a half-day summit in Brussels, informs Reuters. The pact imposes sanctions on countries that breach European Union budget deficit limits.

Simona Bazavan

Italian white goods producer De’Longhi and German car parts manufacturer Bosch will invest in Jucu’s Tetarom industrial park. De’ Longhi has signed an agreement with Nokia Corporation to acquire the production unit in Jucu, Cluj, announced the Finnish company, confirming rumors on the media market.

Otilia Haraga

How will consumption fare this year in the EU and Romania given a possible downturn in the Euro zone?

We look at the expenditure of consumers very carefully, almost weekly through our Visa data, and we have a good sense of what is happening. It is very clear to me that two things are going on.