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Orange Expects Data Traffic To At Least Double In 2015
Orange, the leader of the local mobile telephony market, expects Internet traffic in its network to at least double next year compared with 2014, as a result of the rise in the number of sma...
Opus Land To Finish 400 Homes Next Year In EUR18M Investment
Turkish-owned real estate developer Opus Land Development plans to start the fourth stage, of 800 homes, in the Cosmopolis residential project in Stefanesti, of which half will be completed...
Former And Current PwC Partners Invest RON10M In Retail Project
Emilian Radu, former PricewaterhouseCoopers partner, along with Vasile Iuga, Radu Stoicoviciu and Mihaela Mitroi, three partners of the audit and consultancy firm, are investing almost 10 mi...
Cine Grand Announces Plans To Invest EUR50-60M In Cinemas In Romania
Indian Cine Grand cinema chain, which has two multiplex cinemas in Romania in Bucharest and Botosani, plans to make EUR50 million to EUR60 million investments in about 20 movie theaters in t...
First Phase Of NEPI’s Cluj-Based The Office Over 80% Rented
The first phase of office compound The Office in Cluj-Napoca (northwestern Romania), developed by South-African investment fund New Europe Property Investment (NEPI) and businessman Ovidiu S...
Catalyst Romania Buys 10% In Elefant.ro Owner
Investment fund Catalyst Romania, administered by 3TS Capital, has bought little over 10% of Universal Online Promotion, the company that owns online retailer www.elefant.ro, said Mihai Sfin...
Cosmetic Plant Expects 10% Growth This Year, Slight Growth In 2015
Romanian cosmetics producer Cosmetic Plant, based in Cluj-Napoca, estimates a slight growth in turnover next year, after an expected 10% growth this year, to EUR1.7 million.
Urgent Cargus Invests EUR1.6M To Honor Black Friday Deliveries
Courier services company Urgent Cargus has invested EUR1.63 million to optimize its activity in view of Black Friday sales, when the number of deliveries is expected to rise 125% compared to...
OMV Petrom Invests EUR30M To Redevelop Tazlau Oilfield
OMV Petrom, the largest oil and gas producer in southeast Europe, will invest around EUR30 million in 2014–2015 in the redevelopment of the Tazlau oilfield in Bacau county, eastern Romania,...