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.
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Romania offers state aid for Bosch and De’Longhi’s new investments in the country
The Romanian Government is considering offering state aid to German group Bosch, which is preparing a EUR 77 million investment in the Cluj area of Romania, and for De’Longhi’s planned take over of the former Nokia factory at the same site. Romanian Prime Minister Emil Boc (in picture, right) recently met Fabio de’Longhi (in picture, left), CEO of De’Longhi and Guenther Gauß, executive vice-president of Bosch’s Automotive Electronics, which secured 215,000 sqm near Cluj, at Jucu, where it plans to create 300 new jobs in a first phase.
Read MoreMalév shuts down, but which carriers might be interested in the 27 monopoly routes from Budapest?
Malév’s cessation of operations today begs the question of what the route network implications are for Budapest Airport. During the current winter season, Malév has accounted for just over 42% of Budapest’s scheduled traffic, operating to 43 destinations non-stop. On 21 of these routes (accounting for 65% of Malév’s weekly seat capacity), passengers have had the choice of at least one alternative airline, while the remaining 22 routes are not served by any other carrier. For the upcoming summer season, Malév’s network was expected to grow to 54 non-stop routes, of which 27 would be served by at least one other carrier and 27 on which Malév would have been facing no direct competition.
Read MoreEverton to offload Silva as Romanian clubs register interest in young striker
Everton are set to sell Joao Silva this month, with Otelul Galati and FC Cluj showing interest.
Read MoreHouse of Art and Levis’ insolvencies to be managed by Casa de Insolventa Transilvania
Bucharest Court of Justice named the insolvency-specialized company Casa de Insolventa Transilvania (CITR) as judiciary administrator for Staff Collection and Corssa companies, operating the fashion networks of House of Arts, Fox, Levis and Eponge brands
Read MoreBloomberg: Banca Transilvania’s 2011 Profit Rose 35% on New Loans
Banca Transilvania SA (TLV), Romania’s second-largest publicly traded bank, said its 2011 profit rose 35 percent on higher lending as the cost of bad loans declined.
Read MoreBosch asks for state aid for investments to be rolled-out in Romania
German car parts producer Bosch has submitted a request for state aid for the investment project in Cluj, according to Prime Minister Emil Boc.
Read MoreDe’ Longhi and Bosch check into Jucu after Nokia departure
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.
Read MoreRecession forces local exporters to cast net wide
After Romanian exports posted an encouraging 22.5 percent growth in the first 11 months of last year on the same period of 2010, companies are now facing a rough ride as the looming recession in the European Union, Romania’s main export destination, threatens their foreign sales. Emerging markets outside the EU are luring local companies but to what extent are they a viable alternative?
Read MoreBosch sets up production unit in Jucu, with approximately EUR 60mln investment
German car parts manufacturer Bosch will open a production unit at Jucu, as announced by Viorel Gavrea, general manager of Tetarom industrial park.
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