Companies & opportunities

Clujana factory exports footwear
to Europe

Clujana footwear factory resumes the series of exports to Europe, the destination of the contracted products being this time France and Ireland, Agerpres informs. In the coming days from December, Clujana will ship to France a collection consisting of 8,892 pairs of shoes, with a value of EUR 179,000, and prepares other models for Ireland. Last September, the management of Clujana a signed a contract with the French firm Soditex, which targets the penetration on the relevant market from the European Union, the two companies establishing to manufacture a collection consisting of around 200 models of footwear. Also in September, Clujana edited a catalogue with its new products. These days, Clujana exhibits footwear at the Presents Fair organized at Expo Transilvania and at the Christmas Fair from Iulius Mall.

Transgaz to be co-funded EUR 14 mn
by EU

Transgaz (TGN) projects for the development of the pipes which connect the natural gas transport system from Romania with those from Bulgaria and Hungary will be co-funded from European funds, by a total sum of EUR 14 mn, under the European Plan of Economic Revival, Mediafax informs. “The European Commission selected all the three projects transmitted in July 2009 to SNTGN Transgaz under the European Plan of Economic Revival, in order to receive co-funding from European funds,” the Division on international cooperation and European affairs from the Ministry of Economy (ME) informs. These projects target the development of the pipes which interconnect the natural gas transport system of Romania and those from Bulgaria and Hungary, the Community funds allotted to Transgaz totaling round EUR 14 M. Transgaz Medias will assure for these projects funds of around EUR 34 M. According to ME, the European Commission will approve the decisions for the granting of financial assistance for each project in February 2010.

Aerostar estimates business
of RON 150 mn

Aerostar Bacau, firm specialized in the construction and rehabilitation of aircrafts, estimates a turnover of RON 150 mn in 2010, a level similar to that which is expected this year, Mediafax informs. According to the revenues and expenditures budget approved on Thursday by shareholders, the firm will have next year total revenues of RON 155.3 mn and total expenditures around RON 144 mn, so it will obtain a gross profit of RON 11.34 mn, reads a press release of the firm conveyed on Friday to Bucharest Stock Exchange (BVB).

Polish projects in Arad County,
discussed with Polish Ambassador to Romania

The Polish Ambassador to Bucharest Wojciech Zajaczkowski on Friday paid an official visit to the Arad County (north-west of Bucharest), with a view to initiating several joint projects here. On this occasion, the Polish diplomat had a meeting with Nicolae Iotcu, the chair of the Arad County Council, with the two discussing on the possibilities to develop new joint projects between the Romanian county and various regions in Poland, in the context in which the Arad County and Opole region in Poland, for instance, have been closely cooperating since 2007, and with one of the most important produces of doors in Europe, the Polish company ‘Porta’, having established its headquarters in Arad.‘The interest shown by the Polish Ambassador, and implicitly Poland, in the Arad County, which is a multicultural County, a fact proven by the excellent relations existing here, honours me. The projects we have been developing together, regardless of the area, proved once again relations between Romania and Poland are one of the best. In the future, we intend also to have an exchange of diplomatic missions between Arad and regions in Poland’ the CJ chair Nicolae Iotcu also said.

Romanian Independent Law Firm Opens a Representative Office in Madrid

Tuca Zbârcea & Asociatii has become the first Romanian law firm with presence in Spain by joining forces with former Ambassador of Spain to Romania and former Managing Partner with Garrigues CEE, according to a press release. Romanian law firm Tuca Zbârcea & Asociatii announced it has opened a representative office in Madrid to match the increasingly global needs of Iberian investors. The move will position the Romanian independent law firm to provide a superior level of personalized service to a high net worth Iberian investors doing business in Central and Eastern Europe, especially in Romania. “Spain has been one of the most dynamic investors in Romania in the last years but there are many opportunities to come. Our recent experience in the EU will, for sure, accelerate this process. We are pleased to form a strategic alliance with the most dynamic law firm in Romania which we hope will foster stronger business relations between Spain and Romania”, said Pablo García-Berdoy, former Ambassador of Spain to Romania and Partner with Fúster García-Berdoy. The representative office will serve as a local hub in helping Iberian investors do business in Romania, by acting as a point of contact for clients active internationally while also providing first-hand facts and information about key regulations and standards in Romania.

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