Romanian Solarex gets EUR 6 mln cash injection to complete Satu Mare resort

Romanian company Solarex received a funding package worth EUR 6 million to finish work started in summer 2011 at a resort in Noroieni, in the Satu Mare county. The Satu Mare-based company will use the EUR 6 million in funding from Eximbank, to complete the partially built resort, which is in the outskirts of Satu Mare, with hotels, swimming pools, saunas, treatment rooms, restaurants, shopping areas, playgrounds for children, stage shows and beauty spots. Solarex signed a grant agreement, worth about EUR 8.5 million, in early 2011 with The Ministry of Regional Development and Tourism through Regional Development Agency North West. Alex Camburu, alex.camburu@romania-insider.com