The magazine for informed internationals
Vol 14, no. 2, July 2018
The Diplomat Bucharest

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INVESTMENTS

Garanti Bank finances the construction of HEKA Hospital in Constanta

Garanti Bank granted a 11 million RON (2.3 million Euro) loan to HEKA Hospital in Constanta. The funding has been granted for a period of 10 years, so that a former office building in the center of Constanta to be transformed into the first private hospital with Emergency Receiving Compartment.

Lidl to open supermarket with electric car charging station in Resita

Lidl will inaugurate a store in Resita on July 19, 2018, provided with electric car charging station. The Lidl Drive from Resita has a retail space of approximately 1,300 sqm and around 150 parking spaces.

Bucharest's Henri Coanda Airport to upgrade sound system

The National Bucharest Airports Company has awarded a 1.05 million Euro contract for the upgrade of the sound system of the terminals of the Henri Coanda Airport, Bucharest's main one. The contract was won by UTi Group, Capital reported.

Industry 4.0: EIB supports construction of new Arctic factory in Romania

The European Investment Bank (EIB) is lending 68 million Euro to white goods producer Arctic to finance the construction of a large-scale washing machine production plant featuring advanced manufacturing technologies and automation efficiency.

Porsche Engineering Romania relocates its headquarters to Cluj-Napoca

Two years after its official opening event, Porsche Engineering Romania inaugurated its new headquarters in Vivido Business Center in Cluj.

Bucharest City Hall to implement informatics system for public transport passengers

Bucharest City Hall will implement an informatics system that will allow passengers using public transport to choose the optimum route between two places in the city.

Romanian bike producer Pegas starts selling on international markets

Romanian bicycle producer Pegas has made its first step on European markets by listing its products on five Amazon marketplaces in Spain, France, Germany, Italy and UK, from where it can deliver throughout the EU, the company announced.

U.S. Air Force to invest 40 million USD in Romanian air base

The U.S. Air Force plans to spend about 40 million USD on new construction and base improvements at the 71st Air Base in Campia Turzii, in Romania's Cluj county, Defensenews.com reported.

Nokia lands 500 million Euro for 5G research

Nokia signed a 500 million Euro loan transaction with the European Investment Bank (EIB), supported by the European Fund for Strategic Investments (EFSI). Nokia will use the loan to further accelerate its research and development of 5G technology, the next-generation mobile telecommunication standard.

Brasov County Council to invest 22 million Euro in new airport terminal

The Brasov County Council will invest 22 million Euro in building the passenger terminal of the future Brasov-Ghimbav international airport.

Romanian companies can get 50,000 USD to do business in the US through the Smart Start USA programme

Smart Start USA, a programme that will officially start in September 2018, aims to ease access for 10,000 small and medium Romanian companies and entrepreneurs annually on the North American market. They will be able to promote their products and services, to become foreign investors on the US market, and therefore contribute to the development of bilateral trade and the growth of Romanian exports.

 
 

COUNTRY FOCUS

French investments at a glance: Interest still high

French investments at a glance: Interest still highFrance, Romania's fourth largest foreign direct investor, has been around since the early 1990s, with flagship names the likes of Societe Generale or Groupe Renault taking the lion's share when it comes to capitalising on the country's attractiveness. Still, there still is room to grow, despite political decisions which could worry any solid business suitor.

US calls for coherent, long-term strategy

US calls for coherent, long-term strategyAs USA celebrates 4th of July, its eyes are wide open on the latest developments in Romania's ongoing struggle for the rule of law. Still, the country is one of the fastest growing economies in Europe, and remains an attractive market for foreign investors in several industries, with potential yet to be developed.

Romanian business: There is still room for improvement

Romanian business: There is still room for improvementRomania is still an attractive market for investors within South-eastern Europe, with advantages in terms of labour cost and skilled professionals. But local entrepreneurs and Romanian-based companies are concerned about Romania's poor performance in terms of public investments, in national infrastructure and EU funds attraction, and in lacking legal predictability and transparency. A report by Petre Barac

Chinese investments in Romania: Aiming potential

Chinese investments in Romania: Aiming potentialFor many years, China has had only several large companies present and active in Romania, mainly in technology, energy, trade, farming and several newly announced ones in automotive.

Austrian investments in Romania: Companies are generally happy with market development

Austrian investments in Romania: Companies are generally happy with market developmentAustrian investors see Romania as an excellent investment destination and the largest market in South-Eastern Europe. Romania represents a resourceful country, dominated by a highly-skilled labour force and a nation that knows how to make itself heard. Petre Barac talked to the Austrian Embassy Commercial Counsellor, Gerd Bommer, and top players to take the pulse of investment trends, strategic bonds and prospects on the local mark