Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

The Capital Markets News section is powered by the Bucharest Stock Exchange 

Romanian construction materials group TeraPlast Group announced that it received a state grant worth 50% of the eligible expenditures related to the construction of a stretch film production unit estimated to cost EUR 11.2 mln.

The construction of the new factory will start this year. The facility will have two production lines for polyethylene films for industrial use, which represents a capacity of over 14,000 tonnes per year.

At maturity, the investment will generate a turnover of EUR 28 mln and an EBITDA of EUR 4 mln, corresponding to a margin of 14%, similar to that of other segments within the Group.

Under the state aid scheme, the beneficiary undertakes to contribute to the consolidated general budget at least equal to the amount of state aid received within five years of the completion of the investment. For the rest of the money, TeraPlast Group will borrow from Raiffeisen Bank.

In the last three years, TeraPlast Group has made investments of EUR 44.4 mln co-financed by the state aid scheme.

Irina holds a BA in Journalism and has been part of the Romania-Insider.com team since its early days in 2011. She likes to keep the Romania-insider.com readers informed every day. Irina reports on various topics, on a wide range of areas such as politics, social or entertainment. She also writes travel or leisure articles, as well as interviews. She splits her time between Sinaia, her hometown, and Bucharest. Being born and raised in a mountain town, Irina loves spending time in nature, but she also likes to read, write, listen to music, travel, teach her dog new tricks and listen to other people’s stories (so don’t hesitate to contact her for an interview if you have an interesting story that you want to share with the Romania-insider.com readers). She dreams to visit Iceland one day and maybe get to see the Arctic Monkeys play live.  You can send her press releases or feedback on her stories by emailing irina.marica@romania-insider.com.

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

The Capital Markets News section is powered by the Bucharest Stock Exchange 

Romanian construction materials group TeraPlast Group announced that it received a state grant worth 50% of the eligible expenditures related to the construction of a stretch film production unit estimated to cost EUR 11.2 mln.

The construction of the new factory will start this year. The facility will have two production lines for polyethylene films for industrial use, which represents a capacity of over 14,000 tonnes per year.

At maturity, the investment will generate a turnover of EUR 28 mln and an EBITDA of EUR 4 mln, corresponding to a margin of 14%, similar to that of other segments within the Group.

Under the state aid scheme, the beneficiary undertakes to contribute to the consolidated general budget at least equal to the amount of state aid received within five years of the completion of the investment. For the rest of the money, TeraPlast Group will borrow from Raiffeisen Bank.

In the last three years, TeraPlast Group has made investments of EUR 44.4 mln co-financed by the state aid scheme.

Irina holds a BA in Journalism and has been part of the Romania-Insider.com team since its early days in 2011. She likes to keep the Romania-insider.com readers informed every day. Irina reports on various topics, on a wide range of areas such as politics, social or entertainment. She also writes travel or leisure articles, as well as interviews. She splits her time between Sinaia, her hometown, and Bucharest. Being born and raised in a mountain town, Irina loves spending time in nature, but she also likes to read, write, listen to music, travel, teach her dog new tricks and listen to other people’s stories (so don’t hesitate to contact her for an interview if you have an interesting story that you want to share with the Romania-insider.com readers). She dreams to visit Iceland one day and maybe get to see the Arctic Monkeys play live.  You can send her press releases or feedback on her stories by emailing irina.marica@romania-insider.com.

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

The Capital Markets News section is powered by the Bucharest Stock Exchange 

Romanian construction materials group TeraPlast Group announced that it received a state grant worth 50% of the eligible expenditures related to the construction of a stretch film production unit estimated to cost EUR 11.2 mln.

The construction of the new factory will start this year. The facility will have two production lines for polyethylene films for industrial use, which represents a capacity of over 14,000 tonnes per year.

At maturity, the investment will generate a turnover of EUR 28 mln and an EBITDA of EUR 4 mln, corresponding to a margin of 14%, similar to that of other segments within the Group.

Under the state aid scheme, the beneficiary undertakes to contribute to the consolidated general budget at least equal to the amount of state aid received within five years of the completion of the investment. For the rest of the money, TeraPlast Group will borrow from Raiffeisen Bank.

In the last three years, TeraPlast Group has made investments of EUR 44.4 mln co-financed by the state aid scheme.

Irina holds a BA in Journalism and has been part of the Romania-Insider.com team since its early days in 2011. She likes to keep the Romania-insider.com readers informed every day. Irina reports on various topics, on a wide range of areas such as politics, social or entertainment. She also writes travel or leisure articles, as well as interviews. She splits her time between Sinaia, her hometown, and Bucharest. Being born and raised in a mountain town, Irina loves spending time in nature, but she also likes to read, write, listen to music, travel, teach her dog new tricks and listen to other people’s stories (so don’t hesitate to contact her for an interview if you have an interesting story that you want to share with the Romania-insider.com readers). She dreams to visit Iceland one day and maybe get to see the Arctic Monkeys play live.  You can send her press releases or feedback on her stories by emailing irina.marica@romania-insider.com.

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