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Procter & Gamble Preparing Major Investment in New Facility in Romania
Procter & Gamble, one of the largest actors on the world’s fast-moving consumer goods market, is preparing a massive investment in Romania. The money will go towards a greenfield facility, w...
Karpaten Turism Owner to Open Two Four-Star Hotels in Sibiu
Gheorghe Marginean, the entrepreneur who established travel agency Karpaten Turism in 1996 and owns two hotels in Sibiu says he plans to open two more hotels in the city, rated at four stars...
Amerocap Set To Invest Over $100m In Oil Terminal; Eyes Majority Stake Held By Romanian State
U.S.-based investment Amerocap plans to invest over $100 million in Romanian oil storage and shipment firm Oil Terminal Constanta (OIL.RO), majority owned by the Romanian state, by acquiring...
Early Game Ventures Invests In Watto Network Of Ultra-Fast Electric Vehicle Charging Stations
Romanian company Watto Stations (www.watto.eu), which is building a regional network of ultra-fast electric vehicle charging stations, has announced a funding round run by venture capital fu...
Futureal: After Residential Investments in Romania, We’ll Add Office Space and Retail
Whenever it enters a new market, Hungary’s Futureal group starts with the residential division – Cordia and then the main company, which develops shopping centers and office buildings. The s...
EBRD Wants to Invest Directly EUR100M a Year in Romania
The European Bank for Reconstruction and Development wants to invest directly through its private equity team, EUR100 milion a year in Romania on average in the years to come.
Transavia Invests Over EUR3M In Children’s Hospital In Alba Iulia
Transavia, the largest poultry meat producer in Romania, held by Ioan Popa, is investing over EUR3 million in a hospital for the recovery of children with locomotor disability in Alba Iulia...
OMV Petrom Invests EUR46M in Petrobrazi Refinery
Oil and gas company OMV Petrom has invested EUR46 million starting 2017 to upgrade the coker unit at its Petrobrazi refinery, the company said in a statement Wednesday.
Farmec to Invest EUR2M in Production Line Upgrade, Open Four New Stores in 2019
Farmec Cluj-Napoca, Romania’s leading cosmetics manufacturer, also active on the retail market, plans to invest EUR2 million in production line upgrades and seeks to open four more stores by...