INVESTMENT
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Glasscorp Opens Glass Facility In Buzau In EUR65M Investment
Glasscorp, part of Turkey's Șișecam Group, opened an automotive glass facility in Buzau, eastern Romania, in a EUR65 million investment, co-financed through a state aid scheme.
Impact To Deliver 3 New Apartment Buildings In Greenfield Project In Dec, 6 Others In Feb
Impact Developer&Contractor, controlled by businessman Gheorghe Iaciu, is launching the second phase of its Greenfield residential project in northern Bucharest, which consists of nine apart...
Horia Manda Wants Two Or Three Deals In 2015, Considers Exits
Private equity fund investment manager Axxess Capital will continue acquisitions in 2015 and plans to close two or three deals.
Phoenicia Hotel Chain Owner Invests EUR4M In Residential Complex In Northern Bucharest
Businessman Mohammad Murad, owner of the Phoenicia hotel chain, invested EUR4 million in a 90-apartment residential project in northern Bucharest.
Orange And Schneider Electric Will Move To Green Court Bucharest By Spring
Swedish developer Skanska has completed the first stage of the Green Court Bucharest office compound, which is 90% leased, and tenants will be moving in by spring.
Casablanca Project In Bucharest Enters Insolvency
The developer that planned to build around 1,200 homes in the Casablanca Residence project in Bucharest has entered insolvency, at the request of lender Alpha Bank.
Transelectrica Upgrades Galati Power Station For EUR5M
Romanian state-run power grid operator Transelectrica (TEL.RO) has invested around EUR5 million to upgrade a power station in Galati, a major node in the grid in the eastern part of the coun...
EC Approves EUR57M Investment In Romania Broadband Infrastructure
The European Commission has approved a EUR57.1 million investment, part of a EUR69 million project, for the development of broadband infrastructure of 3,265 kilometers in areas in Romania th...
NEPI Seeks To Raise EUR80M Capital To Invest In Romania And Serbia
South-African investment fund New Europe Property Investment (NEP.RO) seeks to raise EUR80 million through the issue of new shares to finance the acquisition of retail centers Aurora Shoppin...