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Sweets Producer Pan Foods Sibiu Postpones Investment in New Plant Construction
Sweets producer Pan Food Sibiu, a business launched two decades ago by engineers Ioan Stanea of Sibiu and Gheorghe Pristavu of Campulung Muscel, has decided to postpone an investment in a new plant because of the current context.
Czech TESLA Postpones Deadline for Braila Plant Completion to Mid-2025
TESLA Energy Storage, a company set up in June 2022, but which is part of Czech group TESLA, a producer of energy equipment, was due to start in 2023 the construction of an energy storage eq...
Sale Of OTP Bank Romania Pushed Into October
The sale of OTP Bank Romania – submission of final bids, choosing a winner – has been pushed from September into October and those still in talks are Banca Transilvania and Raiffeisen Bank,...
Blue Air May Delay Planned Stock Market Listing By One Year, CEO Says
The planned stock market listing of low-cost airline Blue Air could be postponed by one year, considering a reduced passenger traffic, against the backdrop of new travel bans imposed in Euro...
Romania to Help Consumers Postpone Loan Repayments for 9 Months
Romania's government is set to adopt an emergency decree Thursday to allow banks to postpone loan repayments for all types of loans for nine months, finance minister Florin Citu said Wednesd...
Volintiru, Romgaz: We’re Contributing To National Effort, May Not Make Some Investments In 2019
Romgaz (SNG.RO), the largest natural gas producer in Romania, says the best-case scenario would have had its investment budget at 2.35 billion lei (EUR504 million) next year, up from the RON...
IKEA Puts Off Opening Of Second Store In Bucharest Until 2019
Swedish furniture and decoration retailer IKEA on Tuesday said it will be opening in 2019 its second store in capital Bucharest, in Theodor Pallady area. Initially, the new store was schedul...
State Aid Delay Hinders EUR110M Bosch Investment
Germany’s Bosch group will not start construction of its new washing machine plant in Simeria, Hunedoara County (central Romania) any sooner than next year, due to the delays in getting the...
CNAIR Blames Road Infrastructure Delays On Poor Mobilization On Construction Sites
The upgrading of the road infrastructure is delayed as companies with either too few employees or none at all win tenders, while the Romanian economy is losing ground to Poland’s or Hungary’...