Chinese company to undertake key IT project in Romania
A Chinese company has made a successful bid for a key IT project in Romania’s Nokia Village worth about $200 million, half of the total amount China has invested in Romania so far, local media reported Wednesday.
The Chinese company will manufacture PC cases, batteries, cameras, keyboards and mobile phone displays in the Nokia Village of Tetarom III Industrial Park, in central Cluj, said Cluj County Council Chairman Marius Nicoara, according to local daily Ziarul Financiar. However Nicoara did not reveal the name of the company. He said that he has contacted two other companies interested in investing and would negotiate with four more this September.
So far, 8,810 Chinese firms and companies are currently established in Romania, with an investment of some $400 million in the process. China is the 16th largest foreign investor in Romania. The Chinese company is also interested in another investment worth some $345 million in Cluj County, but details of the investment will not be announced until September, Nicoara added.
The Nokia Village covers 90 hectares in the Tetarom III Industrial Park in Jucu village of Cluj County. The Nokia mobile phone maker received the government permit for its new Romanian factory and production is planned to start in 2008, the paper said. (people.com.cn)
ADVERTISEMENT
MNB Int'l Reserves Rise EUR 579 mln in November
Gov't to Launch HUF 20 bln Workers Hostel Program
Retail Sales Fall 6.5% y.o.y. in October
Heineken Balaton Sound Announces 1st Phase Lineup
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
.jpg)
