German auto parts manufacturer Bosch will lease, in Cluj County, an area of 215,000 square meters of production, an investment totaling EUR 77 million, according to figures released Thursday to Prime Minister Emil Boc by the company management.German group estimated that the investment will provide in a first phase, over 300 new jobs. Bosch delegation at the Government was led by Guenther Gauss, executive vice president of the Automotive Electronics division. PM Emil Boc assured the representatives of Bosch that the investment project will be supported by the Government by granting state aid. Bosch would install its production facilities on 21 acres of industrial park Tetarom III, the park where was Nokia mobile phone factory.
Related posts
-
Transylvania Today: Bucharest has one third of Romania’s university graduates
Most graduates of higher education institutions in Romania live in Bucharest (33 percent), Cluj-Napoca (11 percent),... -
Transylvania Today: Ikea prepares expansion on Romanian market
This is the best time for Ikea’s expansion in Romania, Ikea Group CEO Jesper Brodin said,... -
Transylvania Today: Romania could fall into recession following the electoral cycle
Romanian economy could fall into recession at the beginning of 2021, following the electoral cycle, due...