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OMV Petrom Completes EUR40M Gas Desulfurization Investment
Romania’s leading oil and gas company OMV Petrom (SNP.RO) said Tuesday it set into operation in July a new natural gas desulfurization installation at its Petrobrazi refinery following an in...
SIF Moldova To Sell Erste Shares In Order To Pay Dividends And Get Money For New Investments
Regional investment fund SIF Moldova (SIF2.RO) plans to “gradually” sell some of its shares in Erste Bank (EBS), the fund’s most valuable holding, with 21.4% of SIF2’s assets.
Best-Case Scenario For Construction Market In 2013: Stagnation As Few Projects Will Go On The Block
Romania builds less and less as the state drastically cuts funds for investments and private companies act cautiously and put off new projects. Some of the country’s largest construction fir...
NEPI Buys 70% In Mega Mall; Wants To Compete Against AFI, Baneasa Shopping City
South-African investment fund NEPI, the most active investor in Romanian real estate in the past four years, on Wednesday bought a 70% stake in the project of the Mega Mall shopping center i...
Oradea Business Parks Eurobusiness I, II Attracted Investments Worth Over EUR200M
Business parks Eurobusiness I and II, administered by company Eurobusiness Parc, controlled by the Oradea City Hall, have attracted investments of about EUR205 million and will create 6,000...
AdePlast Finalizes Construction Of EUR3.2M Paints Factory
Romanian building materials producer AdePlast, controlled by businessman Marcel Barbut, said Thursday it opened a decorative coatings and paints factory in Ploiesti, southern Romania, which...
Play Again&The Jack Invests EUR1.2M In Play Zone In Shopping City Ploiesti
Play zone operator Play Again&The Jack invested EUR1.2 million in a family entertainment center located in Shopping City Ploiesti, which was developed by South-African investment fund New Eu...
BILKA Steel Wants To Open Steel Roof Tile Plant Outside Romania, Buy Local Competitor
Romanian steel roof tile maker BILKA Steel, owned by businessman Horatiu Tepes, plans to expand business outside Romania and take over a local competitor, which would require investments of...
EUR1B Investments In Green Power In First Half
More than EUR1 billion were invested in wind and solar farms in the first half of the year, and EUR288 million were paid as subsidies to producers. Renewable energy accounted for 12% of tota...