Selection process launched for EUR 1 billion hydro project in Cluj Selection process launched for EUR 1 billion hydro project in Cluj

Romanian state-run company Hidro Tarnita on Thursday has launched procedures to select investors for the construction of a 1,000-megawatt hydropower plant in Tarnita-Lapustesti. The project is worth EUR 1 billion and should be completed in about seven years, 30 kilometers away from Cluj-Napoca, according to Business-Review.eu.

Read More

Romanian brick producer Cemacon sees first profit in three years after debt restructuring

Romanian brick producer Cemacon Cluj posted a 41% increase in sales in the first half of 2014, to EUR 6.14 million, on higher demand, and said its brick factory worked at full capacity. The company posted a net profit of EUR 510,000, its first positive result after three years, according to its half year report, according to Romania-Insider.com.

Read More