investment

GFG Alliance Pledges to Invest EUR1B in Liberty Galati Steel Mill

16:11, 19 Feb. 2020
GFG Alliance plans to invest EUR1 billion in its Liberty Galati steel mill over the next ten years to significantly reduce carbon emissions and to boost production, targeting to transform the mill into a regional champion.

Can Pack Romania Completes EUR50M Investment to Raise Output Capacity

17:11, 30 Oct. 2018
Can factory Can Pack Romania, the only facility on the local market manufacturing aluminum cans for beer and soda, has completed a EUR50 million investment to expand its production capacity to 1.5 billion cans annually from nearly 950 million cans at present.

Forte Partners Invests EUR37M in Residential Project in Bucharest

12:39, 06 Iul. 2017
Real estate developer Forte Partners will invest EUR37 million in a residential project in northern Bucharest, the company said Thursday.

British American Tobacco Invests EUR60M in Ploiesti Production Line

12:32, 03 Iul. 2017
British American Tobacco, the largest cigarette manufacturer in Romania, said it will invest EUR60 million in its facility in Ploiesti this year, triple the amount estimated at the end of last year.

Nokia Invests EUR73M In Expanding Its Campus In Timisoara

15:31, 20 Iun. 2017
Nokia on Tuesday said it will be expanding its campus in western city of Timisoara with the biggest research and development (R&D) center in the Romanian telecom industry and the total investment exceeds EUR73 million.

Michelin Group Invests EUR60M In Michelin Zalau Cord Plant NW Romania

11:16, 29 Mart. 2017
Michelin group will invest EUR60 million in the metallic cord plant Michelin Zalau Cord in Zalau town, northwestern Romania, thus creating 140 jobs and increasing production capacity by 50%, to 60,000 tons of metallic cord per year by 2019, the company said in a statement Wednesday.

Romania Will Likely Meet H1 Fiscal Targets, But Capital Spending Still Low – Franks

17:29, 28 Iun. 2011
Romania’s low level of expenditure will most likely allow for the first half fiscal targets to be achieved, but the authorities still need to imporove the EU-related capital spending, said Jeffery Franks, head of the International Monetary Fund’s delegation to Romania.

Bucharest Subway Operator Eyes Mainline Extension For EUR300M

15:20, 18 Mai 2011
Bucharest subway operator Metrorex wants to add two stations to the M4 line, as well as a terminal hub with a parking lot, dispatcher and bus station, through an investment of about 1.22 billion lei (EUR296 million, VAT included).

Romanian Education Min Needs Extra RON2.5B To Complete Current Investments

13:48, 18 Apr. 2011
Romania’s Education Ministry wants all pre-university education units to obtain sanitary authorization in the next four years, according to the Government’s fiscal strategy for 2012-2014 obtained by MEDIAFAX.

Mobile Op Cosmote Invested Almost EUR1B In Romanian Operations Over 5 Yrs

18:57, 25 Feb. 2011
Greek group Cosmote has invested almost EUR1 billion in Romania since its launch in December 2005, growing from 0.4% to a 24% market share, while revenue reached EUR468.6 million at the end of 2010.

Romanian Railway Passenger Carrier CFR Calatori To Lay Off 2,200 People In 2011

16:23, 01 Nov. 2010
Romanian railway passenger carrier CFR Calatori plans to lay off around 2,200 employees next year, 15% of its staff of 15,000, and invest EUR957 million by 2019 into engines, ticket dispensers and a train access gate control system.

Austrian Cos Still Interested In Romania, But Require Transparency

12:34, 20 Sept. 2010
Austrian companies are still interested to invest in Romania, but they ask for more transparency, efficiency and consistency in public administration, as well as the improvement of the legal system, according to Rudolf Lukavsky, representative of the Austrian Embassy to Bucharest.

Czech CEZ Deplores E Romania Investment Holdups

14:20, 31 Aug. 2010
Czech utilities group CEZ, which is currently developing wind farms for EUR1.1 billion in eastern Romania, said the investment is stopped because of disagreements between local authorities in Constanta county, according to a press release issued Tuesday.

Romanian eMAG To Launch Two New Showrooms By Yearend

14:44, 24 Aug. 2010
Romanian IT&C retail website eMAG wants to launch two new showrooms by the end of the year, company marketing manager Radu Apostolescu told MEDIAFAX Tuesday.

US Lufkin Industries To Build $126M Plant In Romania

11:20, 09 Iul. 2010
U.S. provider of gas and oilfield equipments and services Lufkin Industries on Friday announced its plans to build by 2012 a manufacturing facility near the southern Romanian city of Ploiesti, in an investment estimated at $126 million.

WB: Romania 2nd Most Accessible State To Start Foreign Business Worldwide

14:07, 07 Iul. 2010
Romania is the second most accessible country worldwide to start up limited liability companies with foreign capital, the World Bank said in a report Wednesday.

Romanian Coal Prices To Rise With Investments – Official

11:44, 27 Mai 2010
Investment in Romanian coal-based energy production will lead to a higher price for coal, but the sector still needs to be restructured, Economy Ministry secretary of state Tudor Serban said Thursday.

Concorde To Build EUR50M Stem Cell Facility In Romania

16:30, 18 Mai 2010
Concorde Gruppe will invest EUR50 million in the first stem cell research and treatment center in Romania, which will be managed and operated by U.S. company Healthcare of Today, the two companies announced.

Romania Could Have A Third Carmaker, Besides Renault, Ford

13:21, 27 Apr. 2010
Romania has potential, from all points of view, to attract a third carmaker, and there are prospects for a new auto industry investor to set up business in the country, Constantin Stroe, head of Romania’s carmakers association ACAROM, said Tuesday.

German Auto Plastics Producer Roechling To Open Plant In Craiova, S Romania

16:23, 15 Apr. 2010
The auto division of German plastics producer Roechling will invest over EUR5 million into building a plant in Craiova, southern Romania, which will supply parts to the local Ford factory and, possibly, to Romanian carmaker Dacia.

EBRD 09/10 Investment In Romania Might Top EUR1B

14:35, 09 Mart. 2010
The European Bank for Reconstruction and Development invested EUR721 million in Romanian projects last year, amounting to 70% of the EUR1 billion ceiling agreed with the local authorities, the International Monetary Fund and the EU, an EBRD official said Tuesday.

Romanian Businessman Copos To Invest EUR10M In 100-Room Hotel In Poiana Brasov

14:32, 19 Feb. 2010
Romanian businessman George Copos will open a four-star 100-room hotel in Poiana Brasov, a mountain resort in central Romania, in a EUR10 million investment.

Clothing Retailer LPP Fashion Invests EUR1.5M To Open 3 New Stores In Bucharest

12:52, 20 Oct. 2009
Polish clothing retailer LPP Fashion will open three new stores in a shopping center in Romania’s capital city Bucharest, following investments estimated at EUR1.5 million, but intends to halt expansion plans afterward because of the economic crisis, the company said Tuesday.

PepsiAmericas To Invest $150M In Factory S Romania

14:22, 24 Aug. 2009
PepsiAmericas, the second largest world’s Pepsi-Cola bottler, will invest $150 million in building its largest factory in Europe, nearby the capital city Bucharest.

Romanian Hidroelectrica To Build New Hydro-Pwr Plant By ‘12 In EUR200M Invest

20:21, 05 Aug. 2009
Romanian state-owned hydropower generator Hidroelectrica will complete in 2012 the construction works at a new hydropower plant on Jiu River, in an investment estimated at EUR200 million.

Hilton Hotel To Be Opened Fri C Romania, A EUR25M Invest

17:55, 17 Iul. 2009
Hilton Hotels Corporation will inaugurate Friday in the Romanian central city of Sibiu the first Hilton hotel in southeastern Europe located in another city than a country’s capital, following an over EUR25 million investment.

Italy’s Menatwork May Build Industrial Park Near Bucharest In EUR10M Invest

16:28, 06 Iul. 2009
Italy-owned construction group Menatwork plans to develop a 10-hectare industrial park near Romania's capital city Bucharest, in an investment estimated at EUR10 million, the company’s general manager Monica Grafu told MEDIAFAX on Monday.

Romanian Predeal City Hall To Invest RON17M In Ski Slopes

16:42, 24 Iun. 2009
The mayoralty of Predeal town, also a famed ski resort in Romanian central county of Brasov, plans to assign over 17 million lei (EUR1=RON4.2284), VAT not included, for landscaping works on ski slopes to meet international standards needed to organize the 2013 Olympic Festival for European Youth.

Romania Invests EUR70-80M In Mountain Landscaping

14:59, 19 Iun. 2009
The mayoralty of Romanian central city of Brasov will set up an auction on August to select the company that will execute landscape works for the city’s ski slopes, particularly the ski slopes in mountain resort Poiana Brasov.

Romania’s Petrom Starts Building Pwr Plant In Brazi In EUR500M Invest

10:29, 03 Iun. 2009
Romania’s dominant oil company Petrom (SNP.RO) began construction works at its gas-fueled electricity plant in Brazi, in the southern county of Prahova, in an investment estimated at EUR500 million, the company announced Wednesday.

EIB OKs EUR600M Loan To Ford For Operations In Romania, Germany

20:04, 12 Mai 2009
The European Investment Bank approved Tuesday a EUR600 million loan to US carmaker Ford, for the construction and operation of a vehicle and engine plant in Craiova, Romania, and for research and development related activities for the plant carried out in Germany.

Germany’s real,- Invests EUR21.5M In Hypermarket SE Romania

12:22, 01 Apr. 2009
Hypermarket operator real,-, member of Germany's retail giant Metro Group, will open Thursday its second unit in the southeastern town of Constanta and its 21st on the local market, after a EUR21.5 million investment, the company said Wednesday.

Danish Jysk To Open Up To 5 Units In ’09 In Romania

18:11, 24 Feb. 2009
Danish furniture and interior decorations retailer Jysk will open between 3 and 5 units in Romania this year, thus expanding its network to 13-15 units, the companya stated Tuesday.

Romania’s RTR Center To Continue Invest, Employments Despite Intl Fincl Crisis

12:27, 02 Dec. 2008
Renault Technologie Roumanie center, a unit of French Renault group, will complete its investments in the auto-testing unit in the southern Romanian Dambovita county in 2009, and will continue hiring notwithstanding the international financial crisis already affecting the auto sector.

China’s HOYO-SHK To Invest EUR20M In Tractor Factory C Romania

17:27, 17 Nov. 2008
HOYO-SHK Modern Agricultural Equipment, the representative of China's Shantuo Agricultural Machinery Equipment in Europe, will invest $20 million in a low-power tractors assembling factory in the central town of Brasov.

Italy’s Marcegaglia To Set Up Car Parts Plant NW Romania

20:56, 21 Oct. 2008
Italian cold steel re-roller and tube maker Marcegaglia will invest some tens of million of euros in a car parts and damping device plant in Tetarom III industrial park, in Jucu, Cluj County, northwestern Romania, which will create up to 500 jobs.

Romanian Postal Co. Posta Romana Opens 6 Offices In Spain

16:23, 09 Oct. 2008
Romania’s state-owned postal company Posta Romana invested EUR200,000 in six post offices in Spain, company general manager Dan Mihai Toader said Thursday.

Son Of Former Coach Of Romanian Football Team To Invest In Office Building In Bucharest

13:56, 03 Oct. 2008
The company Two Towers, indirectly owned by the Dutch investment fund MEI South East Europe and by the son of former coach of the Romanian national football team Anghel Iordanescu, will build an office building in the northern part of capital Bucharest, for EUR18 million.

Romania Might Attract Up To EUR15B Investments In Energy Sector By 2012

14:46, 16 Sept. 2008
Romania might attract investments worth EUR12-15 billion between 2009-2012 in the energy sector, Romania’s Economy and Finance Minister Varujan Vosganian said Tuesday at a press conference.

Greek Realtor Invests Some EUR80M In Real Estate Proj In Romania

17:32, 05 Aug. 2008
A Greek realtor will invest some EUR80 million in the construction of a real estet project north of Romania’s capital city Bucharest, the project’s promoter Eurometropola said Tuesday.