Catoctin County

Spanish company IUE Leader Imobiliare purchased a 4.3-hectare plot of land on Lujerului Street in Bucharest, previously owned by Electrotechnica, for which it paid 30.6 million euros. The Spanish will use the land, located near Plaza Romania shopping centre, to develop a residential complex comprising 1,200 - 1,500 apartments, which will entail an investment amounting to [...]

This medieval Saxon city has become one of Europe’s official culture capitals, drawing attention to centuries-old buildings that were once ordered demolished during Romania’s communist period. Sibiu, in the region of Transylvania, set off fireworks and held concerts and light shows to celebrate its designation, timed to coincide with Romania’s accession to the European Union on

Foreign direct investment in Romania reached a record euro9.1 billion (about US$12 billion) last year, up 75 percent compared to 2005, according to figures published by the central bank. Part of the increase was due to the sale of the Romanian Commercial Bank or BCR, to Austria’s Erste Bank, with the government receiving euro2.2 billion (US$2.9 [...]

Unilever will relocate production under the Kaliakra brand from Bulgaria to Romania as part of the company’s plan to concentrate production in strategic locations, capable to sustain the long-term growth strategy. Therefore, all production at the Dobrich factory in Bulgaria will end immediately and be relocated to the company’s industrial platform near Ploiesti, Romania, where Knorr,

The domestic branch of Michelin group, the world’s biggest tyre producer, estimates its turnover will amount to about 325 million euros this year, 25% higher than the 260 million euros turnover it made last year. The regional retail market last year accounted for around one third of the company’s turnover, according to company data. “Our sales [...]