France's Reed Capital Buys Walor Automotive Component Plant In Sfantu GheorgheFrench investment firm Reed Capital has acquired Walor Precision Turning, a manufacturer of metal components for the automotive industry, with factories in Sfantu Gheorghe (Romania), Lege (France), and Irapuato (Mexico) and annual revenue of EUR55 million euros, it said in a press release.
Erste Expects Fitch To Keep Romania's Sovereign Credit Rating And Outlook UnchangedErste Group Research, the unified analytical and economic intelligence network of Erste Group that also includes Banca Comerciala Romana (BCR) in Romania, expects rating agency Fitch Ratings to leave Romania’s sovereign credit rating and outlook unchanged at its scheduled review on Friday, July (…)
Romanian authorities mull new dynamic excise duty mechanism to curb fuel pricesThe Economic Committee, part of Romania’s upper legislative chamber, adopted a favorable report for the draft law on measures to reduce fuel prices on Monday, July 27. The bill must also receive the approval of the Senate plenary in order to continue its legislative process. If adopted, it will (…)
France's Reed Capital acquires high-precision metal components factory in central RomaniaFrench investment fund Reed Capital has acquired Walor Precision Turning, a manufacturer of high-precision metal components for the automotive industry that also operates a factory in Sfântu Gheorghe, central Romania. Overall, the company has nearly 420 employees and three production facilities (…)
Western Romania: Music, culture and sports at Timi?oara City Celebration this weekendTimi?oara is gearing up for four days of concerts, cultural experiences, sports, heritage and community activities as it holds its City Celebration from July 31 to August 3. The celebration will bring 203 free events held in the Civic Park, I.C. Br?tianu Park and Boulevard, the Uszoda area, (…)
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