BUSINESS

ZTE plans total investments of EUR 100 M in Romania



Chinese telecom equipment producer ZTE will carry out an investment program of around EUR 100 million in Romania by 2015, according to Lorian Vintila, head of ZTE Romania, quoted by Mediafax. The money will be invested in two service centers and a production line. In the first phase, the company will allocate EUR 16 million for a service center in western Romania. “In the second phase of the investment, which will be completed in the second half of next year, we’ll open another service center in southern Romania, the allocated amount being EUR 23 million,” said Vintila. The rest of the money from the total amount of EUR 100 million will be invested in a telecom equipment production line. According to Lorian Vintila, ZTE Romania currently has 150 employees.

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