Verde Magnesium, which is developing the magnesium exploitation project in western Romania at Budureasa, has been granted, for a period of 10 years, a 25,952 sqm plot of land in the Beiuล Intelligent Specialisation Park for a production facility dedicated to metallic magnesium and magnesium alloys. The investment, partly financed from EU funds, is estimated at RON 51 million (EUR 10 million), according to a press release sent by the Bihor County Council and cited by Ziarul Financiar . "It is the largest concession contract so far, both in terms of the concessioned area and the value of the investment assumed.