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Minister: Oracle Invests About EUR100M In Romania
U.S. software company Oracle is investing about EUR100 million in Romania to expand its local call-center operations, Romanian Minister-delegate for Infrastructure Projects Dan Sova said in...
Craiova-Pitesti Highway Investment To Be Recouped From Road Tolls In Up To 60 Years, Twice The Concession Period
The investment in the Craiova-Pitesti highway or expressway, which is set to be built under concession for EUR1,7 billion or around EUR40 million per km, will be recouped only from road toll...
Porumboiu Builds New EUR6M Bread Plant
Farming and food industry group Racova owned by businessman Adrian Porumboiu will start construction of a new bread plant in Vaslui (NE Romania) in the next few months.
Furniture Maker Lemet Opens Store In Craiova Following RON1.7M Investment
Furniture maker Lemet has opened its first store this year, in Craiova, following an investment of around RON1.7 million.
Daimler To Invest Over EUR300M In Romania Unit Star Transmission
German group Daimler will invest over EUR300 million in expanding the automatic transmission production for Mercedes-Benz at its Romanian subsidiary in Sebes, central Romania.
OMV Petrom Plans RON6.4B Investment In 2013
Romania’s leading oil and gas company OMV Petrom (SNP.RO) plans full-year investments of 6.4 billion lei (EUR1.8 billion) for 2013, largely targeting exploration and production operations, a...
Portland Trust Plans To Extend Floreasca Park By 80,000 Sqm
Portland Trust, one of the largest office developers in Romania, has leased 75% of Bucharest-based office building Floreasca Park which it plans to extend by 80,000 square meters of office s...
Romanian Businessman Builds EUR6M Logistic Park In Iasi
Romanian businessman Bogdan Pitigoi is developing a 10,000-square meter logistic park in Iasi county and the investment is worth 26.3 million lei (some EUR6 million).
Volksbank Romania Invests EUR20M In Rebranding, Expansion
Volksbank Romania, the local unit of Austria’s Volksbank AG, will invest EUR20 million in rebranding, renovating and extending its branches by the end of 2013, said the bank’s vice-president...