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Intercontinental: Romania Needs Better Promotion Abroad For Major International Players To Consider Investment
Five-star Intercontinental Hotel in Bucharest, one of the biggest hotel companies in the country, operated with 80% occupancy rate last year, higher than in 2016.
Romgaz Gets First Parts For Iernut Power Plant
Early in 2020, Romania’s largest natural gas producer Romgaz will complete a EUR268.8 million investment in a new gas-fired power plant in Iernut (Mures County, central Romania).
ArcelorMittal Galati Completes EUR10M Investment In Modernization Works
ArcelorMittal Galati, the largest steel mill in Romania, has completed an investment of EUR10 million in modernizing and automatizing a casting machine within its steel division.
Vodafone Romania CTO: We’re Investing Over EUR100M In Network And IT In 2018
Vodafone, the second leading mobile telephony provider in Romania, has earmarked more than EUR100 million for investments network and IT this year, a budget higher than last year’s, which wi...
Lantmännen Unibake To Invest EUR50M In Former Titan Industrial Bakery
Lantmännen Unibake, the Swedish group that took over some of the bakery assets in Romania of Austria’s Goodmills, will invest more than EUR50 million in the development of the plant in the P...
TMK-Artrom Slatina Completes $36M Investment in Heat-Treatment Line
Romania’s TMK-Artrom Slatina (ART.RO), controlled by Russian steel pipe maker TMK, announced Tuesday it has completed a $36 million investment new heat-treatment line for steel pipes and tub...
Doraly Owners Invest EUR8M In Expanding Shopping Park In Afumati; Bet On Online
Doraly Expo Market, one of Romania’s biggest shopping parks specialized in home items and food products, held by an investment fund of HSBC, one of the world’s largest financial groups, boug...
OMV Petrom Invests EUR18M In Largest Fuel Depot In Western Romania
Romania's oil and gas company OMV Petrom (SNP.RO), controlled by Austria's OMV, has started the construction of the biggest fuel depot in western Romania, in Arad, within an investment of ov...
Vast Resources Attracts $9.5M Financing for Romanian Investments
British mining company Vast Resources plc has signed a financing agreement for $9.5 million with Mercuria Energy Trading to build its polymetallic mine in Manaila, Suceava county, and restar...