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Investment in New IKEA Store Takes Toll, Causes RON8M Loss in 2018
IKEA Romania, the local subsidiary of the Swedish furniture and home decor retailer by the same name, ended the 2018 with a net loss of 8 million lei (EUR1.7 million), compared with a net pr...
P&G to Start Production in New Romanian Plant in 2021
US’ Procter & Gamble, one of the largest actors on the fast-moving consumer goods market in the world, will develop a new production facility in Romania in a greenfield investment, which wil...
PVC Trim Maker Electric Plus Bacau Has Invested EUR3.2M So Far in 2019
PVC trim, window rolling shades and garage door manufacturer Electric Plus in Bacau, posted 4% rise in sales in the first half over the year-ago period. The first half sales stood at 13 mill...
KMG International Could Invest Up to $2B In Petromidia Refinery
KazMunayGas International, owner of Rompetrol, could invest up to $2 billion to double the total processing capacity of the Petromidia refinery, which amounted to 5.92 million tons of raw ma...
Italy’s Guala Pack Invests EUR17M In New Plant in Romania
Italy’s Guala Pack, a manufacturer of flexible plastic packaging for the food and pharmaceutical industry, is planning an about EUR17 million investment in the construction of a laminate pro...
Reconstruction Of Magazinul Bucuresti Due For Completion End-2019 After EUR10M Total Investment
The reconstruction of the Magazinul Bucuresti (Bucharest department store) in Bucharest’s old Town, is due for completion at the end of 2019 and will include office space, stores and restaur...
Tech Hub Silicon Forest Invests EUR200,000 in Second Location in Cluj
Coworking space and technology hub Silicon Forest established in Cluj-Napoca last year has invested EUR200,000 to open a second location in the same city. The new location takes up 1,200 sur...
Korean Group Invests EUR9M in Automotive Water Pump Plant in Arges County
GMB Romania Auto Industry, a company part of the GMB Korea group will begin production in a new facility built in Oarja, near Pitesti in southern Romania, a town where several Dacia investme...
Premium Porc Invests EUR32.5M in Feed Factory in Sibiu
Danish group Premium Porc Group, the second largest pork producer in Romania, has invested EUR32.5 million in its third feed factory, which it opened in Avrig, Sibiu county.