Press Glass Production SRL, the local subsidiary of Press Glass Holding Poland, one of the largest thermal insulation glass manufacturers in Europe, is planning a EUR50 million investment in a plant on an 8-hectare plot in Oradea.
SIF Hoteluri, a company owned by SIF-Banat Crisana, has sealed a contract for the sale of DoubleTree by Hilton hotel of Oradea for EUR11 million.
Slovenian company Isosport, a manufacturer of plastic products for the ski and snowboard industry, has bought a factory in Oradea, with an annual revenue of RON62 million and 91 employees.
Germany’s retailer Kaufland, the second largest player on the local retail market by turnover, is opening its second hypermarket in a shopping center, in the city of Oradea (northwest Romania).
Oradea, the second largest market for logistics and transport in Romania after Bucharest, will have the first industrial park with a cargo terminal, also the first air cargo terminal in the country.
SIF Hoteluri (CAOR.RO), a company in which SIF Banat-Crisana (SIF1.RO) owns the majority stake, has notified shareholders of the sale of the DoubleTree by Hilton Hotel in Oradea, according to a report to the Bucharest Stock Exchange.
Prima Development Group, one of the most active real estate developers in Romania by the number of housing units delivered, starts construction works on a new residential complex in Oradea (north-western Romania), which continues a project built by the company over the last years.