ROMANIA > UK based Unilever is set to acquire the business of Romanian ice-cream producer Betty Ice SRL for an undisclosed price

unilever-svg Romanian Betty Ice is to be acquired by UK based Unilever for an undisclosed price. Founded in 1994 by Romanian entrepreneur Vasile Armenean, Betty Ice is the main local ice cream producer in Romania with a total turnover of €30 million ($37.5 million). Operating from its factory in Suceava, Betty Ice sets up more than 180 ice cream kiosks in More …

ROMANIA > Rezidor Hotel Group is set to open Radisson Blu Hotel in Timisoara

Radisson blue logo Increasing the hotel portfolio to four hotels in Romania, Rezidor Hotel Group has signed the Radisson Blu Hotel in Timisoara. Radisson Blu and Mulberry Development are set to create an international upper upscale hotel in the western Romania hub for social, economic and cultural activities- Timisoara. According to  Elie Younes, Executive Vice President & Chief Development Officer of Carlson Rezidor More …

ROMANIA > Romania agrees to purchase Raytheon’s Patriot from the U.S. Army spending 2% of its GDP on defense

Raytheon logo Romania has signed an agreement to purchase Raytheon’s Patriot from the U.S. Army paving way for Romania’s Patriot force to rapidly reach Initial Operational Capacity. A purely defensive system that is also the backbone of NATO’s defense including thirteen other nations including the U.S and European nations such as Germany, Greece, the Netherlands, Spain, Patriot is defense against ballistic and More …

ROMANIA > France based Faurecia opens new plant in Romania with $8.48Mn investment

674px-Faurecia_Logo.svg France based car parts manufacturer – Faurecia opens new plant in Romania with €8Mn ($8.48Mn) investment. The latest investment is its fifth plant in Romania. The new factory is expected to produce components for board panels, door panels and the central console in 14,000 sq. meter area.   About Faurecia Faurecia is automotive parts manufacturer. It designs and manufactures seats, exhaust More …