March 20th 2006

Nokia plans €200mn investment in Romania

Posted in News by Teo

Romania is targeted by one of the most popular mobile phones manufacturer Nokia which intends to make an investment that could exceed 200 million euros, ACT Media news agency reports.

Company’s officials said they consider building a plant for manufacturing mobile phones, daily Ziarul Financiar reported. Besides Romania, on the “short list” of the mobile phones producer another country is included, and the final decision on the location of the new Nokia factory will be made next month.

The Finnish group has two investment options: either they come alone, in which case they need a 10-hectare plot for an investment of several tens of millions of euros, or they bring sub-suppliers, which will rise the investment to over 200 million euros.

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