Romania still favoured by foreign business
04 November 2008
Car manufacturer Ford has confirmed that it is not planning to alter its plans to open a new plant in Romania.
The company stated that the ongoing financial crisis across the world is not about to lead to it scrapping or downsizing its proposals for a plant in Craiova, reports Ziarul Financiar.
Hans Juergen Fuchs, spokesperson for Ford, added that the number of employees will also remain the same as originally planned.
Instead, capacity will be reduced in more established destinations elsewhere in the continent, in particular western Europe.
"The financial crisis in Europe has not led to a change of plans for the plant in Craiova," Mr Fuchs insisted.
He added that the value of the investment remains the same at €675 million.
Meanwhile, official figures cited by Reuters show that the Romanian central bank is expecting inflation to go up next year.
Forecasts for 2009 have been raised from 4.2 per cent to 4.5 per cent.
The company stated that the ongoing financial crisis across the world is not about to lead to it scrapping or downsizing its proposals for a plant in Craiova, reports Ziarul Financiar.
Hans Juergen Fuchs, spokesperson for Ford, added that the number of employees will also remain the same as originally planned.
Instead, capacity will be reduced in more established destinations elsewhere in the continent, in particular western Europe.
"The financial crisis in Europe has not led to a change of plans for the plant in Craiova," Mr Fuchs insisted.
He added that the value of the investment remains the same at €675 million.
Meanwhile, official figures cited by Reuters show that the Romanian central bank is expecting inflation to go up next year.
Forecasts for 2009 have been raised from 4.2 per cent to 4.5 per cent.
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