PRODUCTION
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Saint-Gobain Invests EUR2M To Boost Production Capacity In Romania
Saint-Gobain group posted almost EUR10 million higher revenue in Romania in 2015 than in 2014, EUR171.8 million, while the number of employees in all its plants in the country stood at 1,100...
Car Sales Reach Highest January Level In Seven Years
Vehicle sales stood at more than 6,600 units in January, an increase of 19% on the year-ago month, dealers on the Romanian market say.
Resurgence In Domestic Demand Drove Romania’s Power Production Up In 2015
Romania’s power production went up by about 1.7% to 61.6 TWh last year, the highest level since 2003, European Network Of Transmission System Operators For Electricity (ENTSO-E) data show.
With Oil Price Headed To $20, OMV Petrom Is Better Off Importing, Analysts Say
The oil price dropped to less than $30 last week, something that did not happen even when Lehman Brothers collapsed in the fall of 2008.
Romania’s Electricity Consumption Up 2% To 58,846 MWh In 2015
Romania’s electric power consumption rose 2% in 2015, to 58,846 MWh (58.8 TWh), while production increased by 1% to 65,576 MWh (65.5 TWh), according to the data of Romanian power grid operat...
Difficult International Steel Market Drives ArcelorMittal Galati Back Into The Red
ArcelorMittal Galati steel plant slipped back into the red in the fourth quarter after having posted positive EBITDA in the first three quarters. The reason for the losses is the million of...
Romania More Energy Independent Than Ever Despite Oil And Gas Production Decline
Romania’s production of energy resources, coal, oil and gas has been dwindling over the past ten years, yet the market has never been more independent of energy imports.
Romania’s Car Exports Reach EUR4B In Jan-Sept
Dacia and Ford exported almost 270,000 cars together in the first nine months according to the Automotive Manufacturers and Importers Association (APIA), an increase of 1.4% on the year-ago...
Guzu Makes 1.5 Million Liters Of Wine In Panciu
Wine company Casa Panciu’s wine production will remain constant at 1.5 million liters this year, says owner Daniel Guzu, one of the most famous local construction material industry entrepren...