Will Skoda relocate a plant to Romania?

Volkswagen, the group owning the Skoda brand, could soon decide on relocating the plant located in Ukraine, which has failed to meet the expectations. Volkswagen might relocate the plant to Serbia, Milenko Kostic, owner of Auto Cacak, Skoda dealer in ...

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Romania’s Aerostar now part of Raytheon’s global supply chain for Patriot

Raytheon Company has issued a purchase order to Aerostar for work on the Patriot® Air and Missile Defense System. This makes Aerostar a member of Raytheon’s global supply chain and with potential opportunity to export and sell to the 15 ...

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30% more retail spaces delivered in 2018 versus 2017

115,000 sqm retail spaces were delivered in 2018, with 28% more than the total surface concluded in 2017. The majority of the new retail spaces are being located in small and medium sized commercial parks. According to CBRE real estate consultancy ...

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VW investment story goes on – sources say Serbia has been chosen. Romania, out of the race (again)?

Serbian media report that car giant Volkswagen has chosen the neighbouring country for the investment in a new plant, leaving aside Romania, Turkey, Macedonia and Bulgaria. Although Romanian and Bulgaria are EU Member States and could have been favourites, ‘Večernje ...

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Cefin Trucks posted EUR 40 M turnover in 2018

Cefin Trucks, the only importer and distributor of Ford Trucks in Romania, announces that it has become a leader in the construction vehicles market as well as the municipal vehicles segment, due to the results achieved in 2018. The stake ...

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