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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

German bicycle producer Corratec builds factory in western Romania

German bicycle manufacturer Corratec entered Romania by buying in Timisoara a plot of land of about 50,000 square meters with the aim of launching the production of bicycles on the local market, starting early next year. The plot of land includes buildings with a total area of 30,000 square meters.

Profit.ro estimates that the German company will invest around EUR 10 mln.

The plan is to begin the production at the new plant in February, at a capacity of 300,000 bicycles per year, including electric bikes, under the Corratec brand.

In the first phase, with a length of 24 months, the factory will increase employment up to 300. According to the current business plan, the staffing scheme will subsequently increase to 400-600 employees.

andrei@romania-insider.com

(Photo source: Nomadsoul1/Dreamstime.com)

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

German bicycle producer Corratec builds factory in western Romania

German bicycle manufacturer Corratec entered Romania by buying in Timisoara a plot of land of about 50,000 square meters with the aim of launching the production of bicycles on the local market, starting early next year. The plot of land includes buildings with a total area of 30,000 square meters.

Profit.ro estimates that the German company will invest around EUR 10 mln.

The plan is to begin the production at the new plant in February, at a capacity of 300,000 bicycles per year, including electric bikes, under the Corratec brand.

In the first phase, with a length of 24 months, the factory will increase employment up to 300. According to the current business plan, the staffing scheme will subsequently increase to 400-600 employees.

andrei@romania-insider.com

(Photo source: Nomadsoul1/Dreamstime.com)

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