German group Draexlmaier, a major player in Romania automotive industry, is moving toward the defense industry: the Sisteme de Productie Cablaje SRL subsidiary of Timisoara, wholly owned by Lisa Draxlmaier GmbH, has designated a dedicated representative for the relationship with Romanian authorities controlling military product exports and imports, in the person of Ramona Baleanu.
Prefera Foods, a leading player on Romania canned food market, founded by entrepreneur Raul Ciurtin, on July 23 made the payment of the principal, with a gross value of EUR500 per financial instrument, and of coupon number 10 (with a gross value of EUR18.5959/security) related to the corporate bond issue listed at the Bucharest Stock Exchange.
The Macroeconomic Confidence Index of CFA Romania Association rose in June by 7 points to 37.5 points, but remains at levels consistent with a recessionary situation, a risk also indicated by economic growth expectations for the current year.