FORMER “NOKIA CITY” IN ROMANIA

In the former “Nokia city” located near Cluj (Romania), in the village of Jucu, investments were blocked, houses and land prices collapsed, and the unemployed are seeking employment.  The German company Bosch has confirmed plans to start investing 77 million euro in a new production facility in Jucu.

The plant, which will create 340 jobs in the production and development of automotive components, will open on the site of the former Nokia plant that shut last November. Also Italy’s De Longhi will invest in the former Nokia city.

More about the “Nokia city” in Romania:

VIDEO ZDF

Financial Magazine: The effects of departure from Nokia Jucu: blocked investment house prices fell

Balkan Insight: Bosch to start major investment in former Nokia city in Romania

BBC: Romania’s ‘Nokia City’ hopes dashed

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