EADS Mulls Producing Airbus Spare Parts In Romania- Interim Econ Min

Romania will grant a state guarantee of EUR5-7 million to European aerospace giant EADS, which plans to produce Airbus spare parts in Ghimbav industrial park, acting Economy Minister Adriean Videanu said Tuesday.

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"The initial investment is of over EUR90 million. I hope we will grant the state guarantee next week," Videanu told a news conference.

The production of Airbus spare parts in the in the industrial park in Ghimbav, in Romania's central county of Brasov, is scheduled to begin in May-June 2010, he added, saying that such an investment might be a catalyst for other companies producing such parts.

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