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Leading Mobile Phone Distributor Invests In Farmland
One of the most powerful entrepreneurs in Romania’s IT industry – the owner of mobile phone and tablet distributor Gersim, Dan Stefanescu, has discretely become one of the biggest owners of...
Werk Property Group Invests EUR30M In Office Project In Timisoara
Werk Property Group, one of the largest real estate developers in Timisoara (western Romania), will invest EUR30 million in developing Vox Technology Park, a project of Class A office space...
Draxlmaier Set To Continue Investment In Romania And Rest Of The Region
German-held automotive component manufacturer Draxlmaier says it will continue investment in the region (Romania, Republic of Moldova, Serbia, Macedonia, and Tunisia) to take advantage of th...
Ikea Supplier Apulum Set To Invest RON113M In Alba Iulia Plant
Porcelain products manufacturer Apulum held by Italian investors will invest 113 million lei (more than EUR25 million) excluding VAT in a new wing at its plant in Alba Iulia (central Romania...
Artic Owner Plans To Build Third Plant In Romania
Turkish Arcelik group, the owner of home appliances manufacturer Arctic, wants to turn Romania into a European manufacturing and export hub so it plans to build a third plant in Romania, mar...
Olympus Dairy Producer To Invest EUR15M To EUR20M In Brasov
Fabrica de Lapte Brasov, which makes the Olympus dairy products, plans to invest EUR15 million to EUR20 million in its plant in Halchiu, Brasov County over the next two years, says general m...
Lidl Has More Than EUR40M Earmarked For Investments
German-held Lidl has become the third leading retailer in Romania, after having posted more than EUR1 billion sales in 2015. The top two retailers are Kaufland and Carrefour.
Tiriac Moves Second-Hand Car Division To Make Room For Sports Complex In Otopeni
Romanian billionaire Ion Tiriac, owner of the Madrid Open tennis tournament, has relocated the used car sales division Tiriac Auto Rulate from the former site of Metro Otopeni to begin inves...
Penny Market Builds Its Third Logistics Center In Romania, In EUR19M Investment
Penny Market, part of REWE Group, started the development of its third logistics center in Romania, near the town of Bacau (eastern Romania), and the total value of investment for the purcha...