Premium Aerotec has started the production of aircraft components at its new factory in Ghimbav, Braşov County, Romania, eight months from the ground-breaking ceremony of the 60,000 sqm plant.

General Electric (GE) will supply 14 win turbines for Monsson Alma's wind projects in Romania totaling 35 MW. GE will supply 10 turbines for the company's wind park project Silistea 1 and four wind turbines for its project Mireasa 2.

SABMiller brewer's sales in Romania stagnated in the last three months of 2010, on a declining beer market, the company has announced in its most recent earnings update.

Romanian IT&C company Asesoft Distribution's own brand, Serioux, was the best sold of its products, with USD 10 million in sales last year, according to the company. Asesoft hopes to grow sales to USD 14 million for this brand in 2011 according to Razvan Ziemba (in picture), the company's general manager.

The World Bank is prepared to offer Romania technical and financial assistance for its planned follow-up deal with the International Monetary Fund and the European Commission, much like it did when the initial bailout package was signed two years ago, a World Bank official said Tuesday.

Romanian IT&C company Asesoft Distribution's own brand, Serioux, was the best sold of its products, with USD 10 million in sales last year, according to the company. Asesoft hopes to grow sales to USD 14 million for this brand in 2011 according to Razvan Ziemba (in picture), the company's general manager.

Romania's Transport Ministry will invest EUR 18.8 million in upgrading the road infrastructure around the Dacia-Groupe Renault factory and the Renault Technologie Roumanie center. The ministry will built four lanes on 4.1 kilometers of national road DN 73 and on a connection road DN 73D.

Swedish fashion retailer H&M will open the first store in Romania in March this year, in AFI Palace Cotroceni and plans to open six stores in the first half of 2011, according to Wall-street.ro. H&M plans to hire at least 300 people in Romania by the end of the year.

Romania will pay the International Monetary Fund interest worth EUR300 million for the loan installments transferred this year. Thus, interest paid this year is similar to the amount paid last year. The first tranche is set for February 1.

Cocor SA, the company which owns Cocor Department Store, doubled its turnover in the fourth quarter of the year compared to the same period of 2009, after the renovation process of the store was finalized. The company posted a EUR 1.95 million turnover in the last quarter of 2010, while its profit was of EUR 651,000. The profit grew from almost EUR 7,000 in the same quarter of 2009.

Premium Aerotec has started the production of aircraft components at its new factory in Ghimbav, Braşov County, Romania, eight months from the ground-breaking ceremony of the 60,000 sqm plant.

General Electric (GE) will supply 14 win turbines for Monsson Alma's wind projects in Romania totaling 35 MW. GE will supply 10 turbines for the company's wind park project Silistea 1 and four wind turbines for its project Mireasa 2.

SABMiller brewer's sales in Romania stagnated in the last three months of 2010, on a declining beer market, the company has announced in its most recent earnings update.

Romanian IT&C company Asesoft Distribution's own brand, Serioux, was the best sold of its products, with USD 10 million in sales last year, according to the company. Asesoft hopes to grow sales to USD 14 million for this brand in 2011 according to Razvan Ziemba (in picture), the company's general manager.

The World Bank is prepared to offer Romania technical and financial assistance for its planned follow-up deal with the International Monetary Fund and the European Commission, much like it did when the initial bailout package was signed two years ago, a World Bank official said Tuesday.

Romanian IT&C company Asesoft Distribution's own brand, Serioux, was the best sold of its products, with USD 10 million in sales last year, according to the company. Asesoft hopes to grow sales to USD 14 million for this brand in 2011 according to Razvan Ziemba (in picture), the company's general manager.

Romania's Transport Ministry will invest EUR 18.8 million in upgrading the road infrastructure around the Dacia-Groupe Renault factory and the Renault Technologie Roumanie center. The ministry will built four lanes on 4.1 kilometers of national road DN 73 and on a connection road DN 73D.

Swedish fashion retailer H&M will open the first store in Romania in March this year, in AFI Palace Cotroceni and plans to open six stores in the first half of 2011, according to Wall-street.ro. H&M plans to hire at least 300 people in Romania by the end of the year.

Romania will pay the International Monetary Fund interest worth EUR300 million for the loan installments transferred this year. Thus, interest paid this year is similar to the amount paid last year. The first tranche is set for February 1.

Cocor SA, the company which owns Cocor Department Store, doubled its turnover in the fourth quarter of the year compared to the same period of 2009, after the renovation process of the store was finalized. The company posted a EUR 1.95 million turnover in the last quarter of 2010, while its profit was of EUR 651,000. The profit grew from almost EUR 7,000 in the same quarter of 2009.