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Romania Pays Out RON7.4B In Public Investment Funds In Jan-Sept, Below Estimates
Romania disbursed 7.4 billion lei (EUR1.6 billion) in the first nine months of the year in funds earmarked for public investment projects, some 51% of the sum stated in the country’s public...
Transelectrica To Upgrade Power Station For EUR21.1M
Romanian state-owned power grid operator Transelectrica (TEL.RO) signed an agreement with companies Alstom Grid Gmbh, SC Alstom Grid Romania, Electromontaj and Retrasib to upgrade power stat...
UK’s Investment Fund Spearhead International Owns 18,000 Ha Of Farmland In Romania
British investment fund Spearhead International, a very discreet player in the Romanian business world, has bought 3,000 ha of land in the southern Romanian county of Dolj, now owning a tota...
Furniture Maker Lemet Opens Five New Stores
Furniture maker Lemet has opened five new stores over the past two months, in Bucharest, Ploiesti, Iasi, Ramnicu Valcea and Suceava, following investments of about 1.8 million lei (EUR0.4 mi...
Ioan Niculae Turns His Corn Harvest Into Bioethanol And Fodder Worth EUR55M
Ioan Niculae, who controls the InterAgro group, expects revenues of EUR55 million this year from bioethanol, which is processed from corn and added to gasoline, and from livestock fodder.
Egnatia Builds Solar Power Plants Worth EUR50M In Romania
Greek company Egnatia is constructing several solar power plants in Romania, with an installed capacity of 35 MW, and estimates investments in this sector will increase significantly country...
Pipe Distributor Comtech Eyes 20% Higher Sales In 2013, To EUR32.5M
Romanian pipe distributor Comtech Co forecasts 20% higher sales in 2013, at EUR32.5 million, following EUR5 million investments in new unit of polyethylene insulation of oil and gas transpor...
NEPI Raises EUR128M From Capital Markets To Invest In Romanian Real Estate
New Europe Property Investments (NEPI.RO), a South African investment fund set up in 2007, managed to recently raise, in an offering addressed to its UK, South Africa and Romania shareholder...
Opening Of Romgermed’s EUR20M Hospital Postponed To 2013
Private healthcare service provider Romgermed postponed the opening of a EUR20 million hospital to next year because of construction permit problems.