Giurgiu to have first paper factory to replace plastic bags in retail

Entrepreneur Vladimir Cohn is preparing to make a massive investment of around RON 1.4 billion (around EUR 285 million) in a paper production unit in Giurgiu. This project includes a significant state aid of RON 185.4 million (around EUR 37 million), and is considered the largest project financed through state aid schemes this session. Officially, the factory will produce special paper intended to replace plastic bags in stores.

The factory will start production on November 30, 2025 and will create 100 jobs in the first six months, with the number expected to reach 200 at full capacity, starting in January 2025.

Production estimates are around 120,000 tons annually, most of which will be for export, and the Giurgiu location was chosen due to its transport infrastructure and proximity to Bucharest.