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Gates Foundation Invests In Fondul Proprietatea Shares
Bill and Melinda Gates Foundation, the largest private foundation in the world with its $43 billion assets, is a shareholder of Fondul Proprietatea (FP.RO).
Italsofa Invests EUR6-8M To Upgrade Baia Mare Production Unit
Sofa producer Italsofa Romania, part of Italian group Natuzzi, wants to invest EUR6-8 million in the next two years in the modernization of the production unit at its Baia Mare-based plant,...
Noerr: We Can Stop People From Leaving If IT Investments Continue
Romania’s IT and outsourcing industry can prevent the recent college graduates from leaving abroad for work. The condition is for the local market to remain the region’s hub of choice for fo...
Radu Georgescu, Gecad: We Want Romanian Investors In Vector Watch
Smartwatch manufacturer Vector Watch, launched by a group of local entrepreneurs two years ago, seeks to attract local investors to keep as much of the company in the hands of Romanians, say...
Regina Maria Readying More Than EUR6M For Investments In 2016
Private healthcare service network Regina Maria has at least EUR6 million set aside for new investments 2016, which will go towards either expansion of existing facilities or buying smaller...
First Three Office Space Projects In Orhideea Area To Accommodate 13,000 Employees
The Orhideea area near the Basarab Overpass in Bucharest is shaping up as a future office space hub of the city, with foreign and Romanian investors developing a number of projects there.
KMG To Invest $6M In Automation Of Fuel Delivery Systems In Romania By 2018
KMG International Group, owner of Romanian oil refinery Rompetrol Rafinare (RRC.RO), will invest over $6 million until 2018 in the modernization and automation of fuel loading-unloading syst...
Enel Has EUR630M For Power Distribution Network Investments
Romanians see 4-hour power outages in the three areas covered by Enel, the same as Chileans and six times longer than the Italians in the areas where the Italian utilities group operates. Po...
DHL Earmarks EUR10M-EUR15M For Cargo Terminal
Logistics and courier service company DHL Express Romania plans to build a cargo terminal for air freight shipments in Bucharest and is willing to invest EUR10 milion to EUR15 million in it.