INVESTMENT
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Private Equity Fund Catalyst Buys Into Simartis Telecom
Private equity fund Catalyst has bought 23% in Simartis Telecom, a solutions provider for mobile phone companies that specializes in mobile marketing. Two of the three founders of the compan...
SIFs Shift To Real Estate, Distressed Companies And Agriculture For Investment
SIF Banat-Crisana (SIF1.RO), SIF Moldova (SIF2.RO) and SIF Muntenia (SIF4.RO) plan to continue selling banking stock in 2014 and shift investments to less traditional activity fields for the...
Global Safety Textiles Invests EUR46M In Airbag Plant Near Sighisoara
Airbag manufacturer Global Safety Textiles, which has a plant in Sighisoara (central Romania), will receive state aid of EUR18.5 million for a EUR46 million investment in a new production fa...
Romania Net Investment Down 9% To RON67.8B In 2013
Romanian net investment fell 9.3% on the year to 67.86 billion lei (EUR15 billion) in 2013, on declining activity in most sectors, the country’s statistics institute INS said Wednesday.
Eurolines To Invest EUR14M This Year In Buses And New Tour Agencies
Romanian tourism group Eurolines, owned by businessman Dragos Anastasiu, will invest RON14 million this year to renew its tour bus fleet and increase its car rental fleet, develop its tour a...
Bosch Invested EUR77M In Center In Cluj, To Be Officially Opened In May
Germany’s Bosch has invested EUR77 million in its research and production center in Cluj, Romania, which started operating at the end of last year and which will be officially open on May 9,...
ExxonMobil Expects Black Sea Investment To Double To $1B Before Commercial Operations
ExxonMobil Exploration and Production Romania invested so far $500 million in its Black Sea block run jointly with OMV Petrom and expects the figure will double before the parties reach a de...
Italians Own 220,000 Ha Of Farmland In Romania
Italian investors control farms operating lands with an overall area of around 220,000 hectares in Romania, namely a quarter of the total area held by foreign players in the agricultural fie...
Centrofarm Develops Office Building In Downtown Bucharest
Romanian company Centrofarm, which operates a pharmacy chain with the same name, has started to develop a ten-storey office building in downtown Bucharest, close to the University Square, on...