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ZF Bankers Summit’17: Investors Should Put Money Into Fintechs And Startups In Romania
Romania’s banking system is in good shape in terms of financial indicators but in a major crisis of disconnect from the real economy and customers, consultants say.
Anchor Grup Invests EUR11.5M In New Residential Project
Turkey’s Anchor group, which developed the first malls in Romania and a residential complex completed in 2009, is resuming residential investment with four more apartment buildings near the...
Sameday Courier Founder Invests in RE/MAX Franchise
Romanian businessman Octavian Badescu, who founded delivery service company Sameday Courier, has invested in a real estate franchise in Bucharest, RE/MAX Freedom Group.
British American Tobacco Invests EUR60M in Ploiesti Production Facility
British American Tobacco, the largest cigarette manufacturer in Romania, said it will invest EUR60 million in its facility in Ploiesti this year, triple the amount estimated at the end of la...
Real Estate Investor Oasis Takes Out EUR8.5M For Retail Investments
Real estate developer Oasis Retail & Development Consulting, held by two businessmen in Sibiu, Klaus Reisenauer and Kurt Wagner, took out a EUR8.5 million loan from Raiffeisen Bank Romania t...
City Grill Opens Restaurant Near National Arena Stadium In Bucharest
City Grill group held by entrepreneur Dragos Petrescu has invested EUR500,000 in opening a 650 seat restaurant near the National Arena stadium in Bucharest next month.
EIB, Central Bank Survey: Political, Regulatory Climates Hamper Investment
Political and regulatory climate is the main short-term barrier to implementing investment and productivity levels are well below the EU average, a survey presented Wednesday by the Romanian...
Isarescu Urges Bankers to Finance Businesses
The central bank has identified 12,200 companies that are profitable and may be credited but funding barely trickles from the financial market, governor Mugur Isarescu said Wednesday, urging...
Nokia Invests EUR73M In Expanding Its Campus In Timisoara
Nokia on Tuesday said it will be expanding its campus in Romanian western city of Timisoara with the biggest research and development (R&D) center in the Romanian telecom industry and the to...