Romania's acting president Bolojan meets foreign investors amid political uncertainty

Romania's acting president, Ilie Bolojan, met representatives of the Foreign Investors Council (FIC) and bilateral chambers of commerce to discuss "attracting and continuously developing investments in the national economy, as well as on reducing local bureaucracy."

In the meantime, Bosch announced it gives up the planned EUR 110 million household appliance factory in western Romania, China's UE Furniture was taking over one of the countries' largest furniture producers, Rus Savitar, set up by local founders and temporarily owned by Swedish Greenbridge Partners, currently facing financial problems, and the farmers' association was accusing the new owner of Bod sugar refinery of turning the facility into a real estate project. Earlier this year, China's Haier abandoned its refrigerator factory in Romania, a project supported by a state grant.