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Belgium’s Piping Logistics Builds Ventilation System Parts Plant Near Timisoara in EUR3M Investment
Piping Logistics, a Belgian producer of ventilation system components, is working to open, in the third quarter of 2023, a plant near Timisoara, with investments set to reach EUR3 million.
New Owner of Mintia Thermoelectric Power Plant to Complete EUR1B Investment in 36 Months
The first phase of the EUR1 billion investment in the Mintia thermoelectric power plant will be completed in 24 months, while the entire project will be completed 12 months after that, the n...
Government: AE Solar to Invest EUR1B in Solar Panel Plant in Romania
Solar panel manufacturer AE Solar will invest EUR1 billion in a plant to make solar panels in Romania, Romania’s government announced in a release, following a meeting of Prime Minister Nico...
Group of Firms Maviprod-IRUM Earmarks EUR8-10M Investments for 2023
Group of firms Maviprod-IRUM, owned by Oltean family of Reghin, plans to carry out EUR8-10 million investments this year, taking further its development scheme of recent years.
Car Battery Maker Rombat Budgets EUR10M Investments in 2023
Car battery manufacturer Rombat in Bistrita, controlled by the South African group Metair, will allocate EUR10 million for investments this year, mainly for the installation of a semi-automa...
Daimler Starts Construction Works for New EUR138M Plant in Sebes
German carmaker Daimler, which owns Star Assembly company of Sebes, Romania’s third largest exporter, has started construction works for a new electric drive unit assembly plant, an almost E...
Corporate IT&C Solutions Provider M247 Europe Ups Infrastructure Investments to EUR9M
M247 Europe, one of the leading providers of hosting, connectivity and data management solutions in Romania, is increasing its infrastructure investment to EUR9 million amid higher demand, t...
TechAngels 2022 Overall Investment Hits EUR5.7M, Down 36% from 2021
The TechAngels group of private investors, focused on supporting technology startups in Romania and the region, in 2022 invested EUR5.679 million overall, 36% less than in 2021.
Underline Ventures Plans to Fund 4-5 Tech Firms with EUR2-2.5M in 2023
Underline Ventures, the newest investment fund in Romania that supports tech startup development, plans to keep up the pace of 2022 this year and fund 4-5 tech companies with a total of EUR2...