Porsche Engineering Romania reaches 100 employees, moves to new Cluj HQ

Porsche Engineering Romania reaches 100 employees, moves to new Cluj HQ

Jul 18, 2018

Two years after its official opening event, Porsche Engineering Romania inaugurated its new headquarters in Vivido Business Center in Cluj. The local subsidiary of the global engineering services provider Porsche Engineering Group GmbH also celebrated its one-hundred employee milestone, fast approaching the target of 120 employees it has planned for the end of...

First Property takes Maestro in Cluj

First Property takes Maestro in Cluj

Jul 17, 2018

UK investment fund First Property Group, together with a number of partner investors, has purchased the Maestro Business Center office building in Cluj-Napoca, according to eurobuildcee.com. The 6,845 sqm building is fully leased to tenants that include Steelcase, IBM, PwC, Hewlett Packard and Global Convergence. Commenting on the new investment, Ben Habib,...

Dacia posts record sales for first half of 2018

Dacia posts record sales for first half of 2018

Jul 16, 2018

Dacia sold a record number of cars in the first half of 2018, with 281,225 registered vehicles (a 14.6 percent growth) in Europe and a record market share of 2.9 percent (0.3 percent growth), according to Business-Review.eu. Renault Group, the owner of the Dacia brand, also hit record sales globally, with 2.07 billion vehicles delivered in the first half of the...

Romania to buy 5 more F-16 fighters from Portugal by year end

Romania to buy 5 more F-16 fighters from Portugal by year end

Jul 16, 2018

Romania will buy five more F-16 fighter jets from Portugal by the end of this year and plans to purchase 36 other such aircraft in the future from other countries, such as US, Israel and Greece, according to defense minister Mihai Fifor, quoted by Romania-Insider.com. The acquisition of the five F-16 aircraft will be decided through a draft bill to be adopted by...

EC revises downwards economic growth forecast for Romania

EC revises downwards economic growth forecast for Romania

Jul 15, 2018

The European Commission (EC) has revised downwards its economit growth forecast for Romania, for both 2018 and 2019, according to its Summer 2018 Interim Economic Forecast, according to Romania-Insider.com. Thus, the EC expects Romania’s economy to grow by 4.1% in 2018, down from the 4.5% forecasted in the spring. Moreover, the Commission also revised its...

Monza Group, Regina Maria founder partner for EUR 50 mln medical hub in Bucharest

Monza Group, Regina Maria founder partner for EUR 50 mln medical hub in Bucharest

Jul 14, 2018

Italian private healthcare group Monza and Enayati Group, led by Wargha Enayati, the founder of the local healthcare network Regina Maria, have partnered for the development of the Revera Medical City project, according to Romania-Insider.com. With a EUR 50 million investment, Revera Medical City will cover a medical care unit, a residential center for the...