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Private Pension Funds Have EUR140M Investments In Foreign Stocks
Capital Market

Private Pension Funds Have EUR140M Investments In Foreign Stocks

The seven mandatory private pension funds managing the retirement money of seven million Romanians had 5.88 billion lei (EUR1.28 billion) investments in stocks at the end of last year, RON64...

Loredana Frățilă-Cristescu · 20.06.2017 · 10:06 · 1 min
Croco To Boost Headcount To 500 Employees By Yearend
Companies

Croco To Boost Headcount To 500 Employees By Yearend

Onesti (Bacau County, Eastern Moldavia) based Croco, one of the largest Romanian biscuit producers, will boost headcount to more than 500 people this year, doubling the number compared with...

Loredana Frățilă-Cristescu · 20.06.2017 · 00:00 · 1 min
Transportation Industry Entrepreneur To Build Two Hotels In Vama Veche And Navodari
Companies

Transportation Industry Entrepreneur To Build Two Hotels In Vama Veche And Navodari

Ion Comusi, the owner of the passenger road transportation company CDI Transport Intern si International in Bucharest, one of the largest such companies in Romania, says he plans to develop...

Loredana Frățilă-Cristescu · 15.06.2017 · 00:00 · 1 min
OMV Petrom Invests EUR5M In Modernizing Test Center At Petrobrazi Refinery
Energy

OMV Petrom Invests EUR5M In Modernizing Test Center At Petrobrazi Refinery

OMV Petrom, the largest oil and gas producer in Southeastern Europe, on Wednesday said it invested nearly EUR5 million in modernizing the center for the fuel quality control within the Petro...

Ecaterina Craciun · 14.06.2017 · 13:52 · 1 min
Timken Opens $60M Bearing Plant in Ploiesti
Companies

Timken Opens $60M Bearing Plant in Ploiesti

US company Timken opened a new bearing factory in Romania Tuesday, near Ploiesti, following an investment of $60 million.

Oana Gavrila · 13.06.2017 · 15:53 · 1 min
Brisegroup Budgets EUR7M Investments In Building And Upgrading Silos
Companies

Brisegroup Budgets EUR7M Investments In Building And Upgrading Silos

Brisegroup, one of the largest grain traders and farm input wholesalers in Romania, plans to invest EUR7 million in the completion of a silo in the Galati harbor and in upgrading its other s...

Loredana Frățilă-Cristescu · 13.06.2017 · 00:00 · 1 min
Private Operators Invest EUR120M in Constanta Harbor
Companies

Private Operators Invest EUR120M in Constanta Harbor

Private harbor operators have started investments of EUR120 million in Romania's Constanta Harbor, Nicolae Dan Tivilichi, general manager of the maritime port administration company, said Mo...

Oana Gavrila · 12.06.2017 · 17:36 · 1 min
Kronospan Romania Invests EUR10M In New Lamination Line
Companies

Kronospan Romania Invests EUR10M In New Lamination Line

Wood-based panel products manufacturer Kronospan Romania, part of Austrian group Kronospan, has completed an investment of EUR10 million in a new fully automated lamination line, according t...

Ecaterina Craciun · 08.06.2017 · 18:17 · 1 min
Sika Romania Revenue Up 8% In 2016
Companies

Sika Romania Revenue Up 8% In 2016

Residential and retail projects took the revenue of the construction supplies manufacturer Sika Romania, the local division of the Swiss company by the same name, to more than 126.8 million...

Loredana Frățilă-Cristescu · 30.05.2017 · 00:00 · 1 min