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Kaufland Has EUR375M Investment Budgeted for Romania in 2021
Germany’s Kaufland group, the leader of the local retail by sales in 2019, according to the latest publicly available data, has a more than EUR375 million investment budget for this year, 25...
Max Boegl Resumes EUR150M Wind Farm Project
Energia Mileniului III, a company equally owned by Germany’s Max Boegl International and BTG Wide Consulting, will resume construction of a 99 MW wind farm in Tulcea, having recently receive...
Smart Wood to Complete EUR10M Investment in Onesti Plant in 2021
French-held Smart Wood group, which makes wooden coffee stirrers and ice cream sticks, has almost completed its investment in a EUR10 million plant in Onesti, Bacau County.
Seed Producer Agrosel Revenue Rises 20% to RON44M in 2020
Seed producer Agrosel in Campia Turzii, Cluj County, ended 2020 with RON44.7 million revenue, an increase of 20.3% year-on-year, the company officials say. They expect growth this year, as w...
Bakery Company Lidas Gets State Aid for EUR46.8M Investment in New Bread Factory
Bakery company Lidas in Tulcea County (SE Romania) plans to expand production capacity by adding a new bread factory. The total investment stands at EUR46.8 million, EUR23 million of which s...
HeidelbergCement Invests in Improving Efficiency of Deva Plant
German-held cement manufacturer HeidelbergCement, which has three plants in Romania, has planned investments in improving operational efficiency in the country, after a year with rising dema...
Govt Approved EUR170M State Aid for 30 Projects in 2020
Romania’s government in 2020 approved state aid for 30 projects with more than EUR500 million investments. State aid accounts for more than one third of this figure.
EDP Renewables Prepares Return to Investments in Romania
Portugal’s EDP Renewables (EDPR), the third most important investor in green power in Romania, says new projects will only come if Romania decides how to handle contracts for difference (CfD...
Kärcher Turnover in Romania Grows 30% in 2020
Germany’s Kärcher group, which makes vacuum cleaners in its own plant Curtea de Arges, Romania, said its turnover grew 30% in 2020, to over RON380 million, and business has picked up in 2021...