INVESTMENT
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Hidroelectrica To Invest In Solar, Wind Energy
Romanian insolvent energy producer Hidroelectrica plans to invest around EUR200 million in seven hydropower plants in 2013 and to start construction of several solar and wind parks, whose co...
Energy Trader Tinmar Aims To Produce 50 MW Of Solar Power
Romanian power supplier and energy trader Tinmar has entered the solar power production market and aims to install photovoltaic panels with a capacity of 50 megawatts.
Government Blocks Project To Build Cluj-Napoca Beltway Section
Romania’s Government blocked a project to construct a section of the Cluj Napoca ring-road, arguing that works entail total costs of over EUR14 million per kilometer and are not included in...
Electrica Invested EUR111M In First 9 Months, Money Went Also To Wind Farm Projects
Romanian state-run energy company Electrica and its subsidiaries invested 501.7 million lei (EUR111 million) in the first nine months of the year, and a part of the money went to two wind fa...
Romanian Open-End Fund Assets Up 1.1% To RON8.57B In October
The net assets of Romanian open-end investment funds rose 1.1% in October to 8.57 billion lei (EUR1.89 billion), the Romanian Association of Asset Managers said Friday.
Georgescu: Romania To Invest Privatization Money In Key Energy, Transport Companies
Romania will invest revenues obtained from privatizations in strategic state-owned companies in the energy and transport sectors, Finance Minister Florin Georgescu said Friday.
Cora’s Mall In Constanta 70% Complete, Set To Open In 2013
Retailer Cora Romania, which has a nine-hypermarket network, will open its first mall on the local market in Constanta (southeastern Romania) next June, following a EUR70 million investment.
Continental Invested EUR271M In Romanian Tire Plant Over Past 12 Years
German car part producer Continental said Thursday it has invested over EUR271 million in its tire producing plant in Timisoara over the past twelve years.
Israel’s Tagor To Build EUR34M Residential Compound Near Bucharest
Israeli-owned real estate developer Tagor plans to build a residential compound near capital city Bucharest which will engulf EUR34 million, the company said in a statement Thursday.