International Automotive Components Group (IAC), one of the components suppliers for Ford Motor Company, will this week start works on its greenfield production unit in Bals, Olt county. The investment in this project will reach EUR 58 million. The factory should hire 400 people, when fully operational. It will produce various components for Ford's car production in Craiova.

Romanians younger than 35 who want to start a micro-company can submit business plans starting Tuesday to a program supporting young entrepreneurs, and receive up to EUR 10,000 of the value of their planned business. The program was allotted a budget of EUR 4.9 million this year.

Real estate advisory company DTZ Echinox posted a EUR 2.8 million turnover in 2010, slightly up from EUR 2.65 million in 2009. Its profit rate stood at 6 percent. The company estimates a EUR 3.2 million turnover and a 10 percent profit rate for 2011.

Romanian state-run subway company Metrorex has awarded a EUR 215 million construction contract for the Raul Doamnei-Hasdeu sector of Bucharest’s new subway mainline to a consortium made up of Astaldi (Italy), FCC (Spain), Delta ACM and AB Construct (Romania)

Insurance companies Generali and Ardaf will merge into Generali Romania, hoping to land a place in the top five of insurance companies in Romania. Both insurance companies have Generali as main shareholder.

Romanian national gas transport company Transgaz made a profit of EUR 87.3 million last year, an increase of 23 percent on the previous year. The company's turnover advanced by 10.5 percent, to EUR 311.6 million.

Final Distribution, importer of construction materials from Gerard, Delta and Keylite, has opened a production line for gutters and downpipes in Baicoi, Prahova county. The value of the investment goes up to EUR 500,000, according to the company.

Romania could exit recession in April this year, if the positive trend recorded in the fourth quarter of the year will continue, said Romanian Prime Minister Emil Boc (in picture).

Fewer Romanian companies suspended their activity in January this year compared to the same month in 2010, which could be one of the signs of incipient economic revival. The number of companies that stopped activity went down by 55.7 percent, to around 2,600, compared to the same month last year, according to the National Trade Registry (ONRC).

French retailer Cora, which is currently working on its own shopping center in Constanta, plans to start works on two new such projects in Brasov and Bacau. The invetsment in the Brasov mall will reach around EUR 100 million.

International Automotive Components Group (IAC), one of the components suppliers for Ford Motor Company, will this week start works on its greenfield production unit in Bals, Olt county. The investment in this project will reach EUR 58 million. The factory should hire 400 people, when fully operational. It will produce various components for Ford's car production in Craiova.

Romanians younger than 35 who want to start a micro-company can submit business plans starting Tuesday to a program supporting young entrepreneurs, and receive up to EUR 10,000 of the value of their planned business. The program was allotted a budget of EUR 4.9 million this year.

Real estate advisory company DTZ Echinox posted a EUR 2.8 million turnover in 2010, slightly up from EUR 2.65 million in 2009. Its profit rate stood at 6 percent. The company estimates a EUR 3.2 million turnover and a 10 percent profit rate for 2011.

Romanian state-run subway company Metrorex has awarded a EUR 215 million construction contract for the Raul Doamnei-Hasdeu sector of Bucharest’s new subway mainline to a consortium made up of Astaldi (Italy), FCC (Spain), Delta ACM and AB Construct (Romania)

Insurance companies Generali and Ardaf will merge into Generali Romania, hoping to land a place in the top five of insurance companies in Romania. Both insurance companies have Generali as main shareholder.

Romanian national gas transport company Transgaz made a profit of EUR 87.3 million last year, an increase of 23 percent on the previous year. The company's turnover advanced by 10.5 percent, to EUR 311.6 million.

Final Distribution, importer of construction materials from Gerard, Delta and Keylite, has opened a production line for gutters and downpipes in Baicoi, Prahova county. The value of the investment goes up to EUR 500,000, according to the company.

Romania could exit recession in April this year, if the positive trend recorded in the fourth quarter of the year will continue, said Romanian Prime Minister Emil Boc (in picture).

Fewer Romanian companies suspended their activity in January this year compared to the same month in 2010, which could be one of the signs of incipient economic revival. The number of companies that stopped activity went down by 55.7 percent, to around 2,600, compared to the same month last year, according to the National Trade Registry (ONRC).

French retailer Cora, which is currently working on its own shopping center in Constanta, plans to start works on two new such projects in Brasov and Bacau. The invetsment in the Brasov mall will reach around EUR 100 million.