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Imperial Development Invests EUR8M In Photovoltaic Park In NW Romania
Imperial Development, a Romanian company registered in the northwestern city of Cluj-Napoca, will invest EUR8 million in a photovoltaic project to be built on a 12-hectare land in Tetarom II...
Maman Group Head Believes It’s A Good Time For Large Companies To Invest
Opher Linchevski, chief executive of Israeli transport and logistics company Maman Group, part of giant Taavura, says it took over 65% in Romanian transport and logistics firm International...
SSIF Broker Sets Up Investment Management Firm
Romanian brokerage house SSIF Broker (BRK.RO) has set up an investment management firm, SAI Broker, and the first two funds the firm will administer might be launched in the next two weeks.
EU Approves EUR751M Financing For Romanian Railway Upgrade
The European Commission on Thursday approved financing of EUR751 million to Romania for the upgrade of a railway section that will cost EUR884 million.
Romania Has No Money For Cernavoda Project, Econ Min Says
Romanian Economy Minister Varujan Vosganian said Monday that the government has insufficient resources to finance key projects in the energy sector, including the long-delayed construction o...
Vest Energo Wants To Borrow EUR16.5M To Refinance Loan, Built Two New Power Units
Romanian energy producer Vest Energo Bucharest (VESE.RO) wants to borrow EUR16.5 million from state-owned lender CEC Bank or other credit institutions for investments and to refinance an old...
Italy’s Policlinico di Monza To Invest Additional EUR20M In Bucharest Cardiology Hospital
Italian group Policlinico di Monza, which owns 10 private hospitals in Italy, will invest another EUR20 million over the next two or three years in its cardiology hospital opened in Buchares...
Oltenia Energy Holding To Build 600MW Power Plant In Partnership With Chinese Firm
Romania will export to Austria and Turkey the energy produced at the thermal power plant Complexul Energetic Oltenia will build in partnership with a Chinese firm, Laurentiu Ciurel, the gene...
EBRD Invested EUR600M In Romania In 2012
The European Bank for Reconstruction and Development, EBRD, invested around EUR600 million in Romania in 2012, financing a number of 26 projects, the bank’s financial analyst Olga Rosca said...