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Tenaris Silcotub Invests $5.5M In New Production Line To Serve Automotive Industry
Romanian seamless steel pipes manufacturer Tenaris Silcotub has completed the certification process for its new production line intended for the automotive industry.
European Commission Approves EUR222M Investment For Water Infrastructure In Ilfov County
The European Commission said in a press statement on Friday that it approved an investment of over EUR222 million from the Cohesion Fund to upgrade and install drinking water and wastewater...
NN Pensii Invested in eMag Owner Prosus, Payment Processor, Pharmaceutical Company in Q3, 2020
NN Pensii, the largest Pillar II pension fund in Romania, bought into Prosus, which owns eMAG, the largest online retailer in Romania, with 127 million lei and invested RON97 million in Fren...
Window Manufacturer Casa Noastra Invests EUR10M in Production in 2021
Casa Noastra, the manufacturer of QFort windows in Dolj County (southern Romania) has scheduled EUR10 million investments in developing production in 2021.
Iulius Group Set to Continue Investments in Iasi And Timisoara in 2021
Real estate developer Iulius Group of businessman Iulian Dascalu expects the pandemic to have a sizeable effect on last year’s revenue but says it will go ahead with its development plans.
Five Construction Sector Companies Invest Almost EUR50M in New Plants in 2021
Several construction material manufacturers are investing almost EUR50 million in new precast concrete, thermal insulation panel, brick and polystyrene plants in Romania in 2021.
Kaufland Invested EUR300M in Romania in 2020
German-held Kaufland group, the leader of the local grocery retail, opened 10 hypermarkets in 2020, its fastest expansion pace in the last few years, for a total of 138.
Foreign Grocery Retail Chains Invest EUR900M in Romania in 2020
Seven of the modern grocery retail chains in Romania have opened new stores in 2020, despite the COVID-19 pandemic. In all, 421 new hypermarkets, supermarkets, modern convenience and discoun...
Liberty Galati Completes EUR13.5M Investment
Liberty Galati announced Tuesday it completed an investment of EUR13.5 million in the modernization of a hot stove for one of the steelworks’ blast furnaces.