International Automotive Components (IAC) Group will invest EUR 58 million in a new greenfield manufacturing facility in Bals, Romania, in the southwest Oltenia region. The facility will produce instrument panels, door panels, headliners and various other interior trim components to support Ford Motor Company's production of two new passenger cars at its plant in Craiova, Romania.

The Romanian telecom market should see a comeback in the second half of this year, after the economic environment will stabilize in the first part of the year, according to Dinu Malacopol, CEO of Digital Cable Systems. The company plans to invest EUR 10 million this year in consolidating its network and in new acquisitions, Malacopol has said.

Higher fuel prices will have two main effects on Romanian drivers, who are expected to use their cars less and get cars that are more fuel-efficient, Brent Valmar, vice-president of the Romanian carmakers and importers association (APIA), said Monday.

The Bucharest municipality might enforce a measure aimed at placing new hypermarkets at the outskirts of the city, according to Bucharest mayor Sorin Oprescu, quoted by Romanian media.

Romanian President Traian Basescu was met with boos Monday morning in Iasi, eastern Romania, where he is attending celebrations of the 152-year anniversary of the Unification of Romanian principalities.

A five-star hotel is underway near the Ghencea stadium in Bucharest. Romanian firm Premier Palace will invest EUR 7 million in this new hotel, which will feature 60 rooms, five apartments and a restaurant. An adjoining six-storey office building will also be included in the project.

A five-star hotel will be opened in Sinaia mountain resort at the end of January, following an investment of EUR 2.5 million.

Romanian businessman Dinu Patriciu has withdrawn from the Corect publishing project, having sold his 60 percent share package in the project to partner Sorina Rosca Stanescu and to his wife.

Dutch group CSI will start works on a EUR 6 million factory in Cluj – Napoca which will produce transport and warehousing systems for consumer products. The CSI factory will cover 10,000 sqm and should be ready next year. The Dutch company already owns a production center in Cluj and plans to double its production capacity there, while increasing the number of employees from the current 185 to 400.

The new Ferrari Four model, which will be launched at the Geneva Car show in March, will arrive on the Romanian market in June, according to Forza Rossa, the importing company to Romania.

International Automotive Components (IAC) Group will invest EUR 58 million in a new greenfield manufacturing facility in Bals, Romania, in the southwest Oltenia region. The facility will produce instrument panels, door panels, headliners and various other interior trim components to support Ford Motor Company's production of two new passenger cars at its plant in Craiova, Romania.

The Romanian telecom market should see a comeback in the second half of this year, after the economic environment will stabilize in the first part of the year, according to Dinu Malacopol, CEO of Digital Cable Systems. The company plans to invest EUR 10 million this year in consolidating its network and in new acquisitions, Malacopol has said.

Higher fuel prices will have two main effects on Romanian drivers, who are expected to use their cars less and get cars that are more fuel-efficient, Brent Valmar, vice-president of the Romanian carmakers and importers association (APIA), said Monday.

The Bucharest municipality might enforce a measure aimed at placing new hypermarkets at the outskirts of the city, according to Bucharest mayor Sorin Oprescu, quoted by Romanian media.

Romanian President Traian Basescu was met with boos Monday morning in Iasi, eastern Romania, where he is attending celebrations of the 152-year anniversary of the Unification of Romanian principalities.

A five-star hotel is underway near the Ghencea stadium in Bucharest. Romanian firm Premier Palace will invest EUR 7 million in this new hotel, which will feature 60 rooms, five apartments and a restaurant. An adjoining six-storey office building will also be included in the project.

A five-star hotel will be opened in Sinaia mountain resort at the end of January, following an investment of EUR 2.5 million.

Romanian businessman Dinu Patriciu has withdrawn from the Corect publishing project, having sold his 60 percent share package in the project to partner Sorina Rosca Stanescu and to his wife.

Dutch group CSI will start works on a EUR 6 million factory in Cluj – Napoca which will produce transport and warehousing systems for consumer products. The CSI factory will cover 10,000 sqm and should be ready next year. The Dutch company already owns a production center in Cluj and plans to double its production capacity there, while increasing the number of employees from the current 185 to 400.

The new Ferrari Four model, which will be launched at the Geneva Car show in March, will arrive on the Romanian market in June, according to Forza Rossa, the importing company to Romania.