EUR 355 mln European project to develop water infrastructure in two Romanian counties

EUR 355 mln European project to develop water infrastructure in two Romanian counties

Dec 6, 2018

A new European project worth more than EUR 355 million, which targets the development of the water and wastewater infrastructure in the counties of Cluj and Salaj, is ready to kick off after the authorities signed the financing contract, according to Romania-Insider.com. Most of the money, namely 85%, will come from the European Union, while the state and...

Start-up Nation 2018 programme resumes after mid-December

Start-up Nation 2018 programme resumes after mid-December

Dec 5, 2018

Romania’s Business Environment Ministry announced that the second edition of the Start-Up Nation programme will open in the second decade of December 2018 on the aippimm.ro website, according to Romania-Insider.com. The state will give RON 200,000 (EUR 43,000) to each recipient – newly established small or medium-sized...

KFC invests EUR 900,000 in a new restaurant in Alba Iulia

KFC invests EUR 900,000 in a new restaurant in Alba Iulia

Dec 5, 2018

Fast-food restaurant chain KFC Romania will inaugurate its first unit in the city of Alba Iulia. The KFC restaurant in Alba Iulia, located on the ground floor of the Alba Mall, is the brand’s 74th location nationwide, and the result of an investment of approximately EUR 900,000, according to Business-Review.eu. It is built on an area of ​​400 sqm, with a...

eMAG becomes the second Romanian unicorn

eMAG becomes the second Romanian unicorn

Dec 4, 2018

Romania has a second unicorn after UiPath, as eMAG has been evaluated at over USD 1 billion by its main shareholder Naspers. eMAG CEO Iulian Stanciu told Business Review that this was a goal he had set for the company from the very beginning. According to Iulian Stanciu, CEO and minority shareholder of eMAG, the business is evaluated every year by...

Romania has greatest maize, sunflower crops in EU

Romania has greatest maize, sunflower crops in EU

Dec 4, 2018

Romania has harvested this year more than 30 million tonnes of grain compared to 27 million tonnes last year, the maize and sunflower crops ranking as the largest in the European Union, Minister of Agriculture and Rural Development Petre Daea announced, according to Romania-Insider.com. This year’s cereal production exceeded 30 million tonnes and the 3.35...

Romanian investor buys large chemical plant with Russian financing

Romanian investor buys large chemical plant with Russian financing

Dec 3, 2018

Romanian chemical producer Chimcomplex Borzesti, controlled by Romanian investor Stefan Vuza, will get financing from Russian bank VTB to acquire Oltchim Ramnicu Valcea, the largest chemical plant in the country, local G4media.ro reported, according to Romania-Insider.com. Chimcomplex received the Competition Council’s approval for this transaction. The...