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Austria’s S IMMO Invests EUR66M In Bucharest Offices
Austrian investment fund S IMMO, part of Erste Group and the developer of the Sun Plaza shopping center in Bucharest, will invest EUR66 million in an office compound in the capital city on a...
Spain’s Graells&LLonch To Build EUR200M Logistic Park In Romania
Spain’s Graells&LLonch announced it is starting construction work on a EUR200 million logistic park in Turda, in the northwestern Romanian county of Cluj.
GDF Suez Energy Romania To Invest RON127M In Network Upgrades
GDF Suez Energy Romania, a unit of French-Belgian utility GDF Suez, will invest 126.7 million lei (EUR28.2 million) to upgrade its natural gas network in Bucharest, the company said Wednesda...
Bosch To Build Automotive Technology Plant In Romania
German conglomerate Bosch plans to set up a location for the manufacturing and development of automotive electronic control units in Cluj-Napoca, northwestern Romania, Bosch said in a press...
Romania Faces Energy Shortage As Many Power Plants Are Obsolete
Major energy groups operating in Romania say the local market might be faced with an electricity shortage as of 2016 because most of the country’s thermoelectric or hydroelectric power plant...
World Bank Urges Energy Heavyweights To Invest In Romania
The World Bank is sending out a strong message to the international energy giants, which arrived in Romania via privatization processes, asking them to commit to significant investments and...
Sortilemn Builds New EUR9M Plant In Partnership With IKEA
Sortilemn Gherla, one of the biggest Romanian suppliers of Swedish-held IKEA, has started a EUR9 million project to build a coat hanger plant on a 10,000 square meter plot of land.
Gica Popescu Hopes To Recoup Investment In Courtyard Marriott Hotel Within Ten Years From Opening
Former football player Gica Popescu says his “guarantee” that the Courtyard Marriott hotel project will go through is that his partner is Marriott.
Development Minister Signs Four EU-Funded Infrastructure Upgrade Contracts Worth RON103M
Romanian Development Minister Cristian Petrescu on Thursday signed four contracts worth about 103 million lei (EUR23.5 million) for upgrade works in Bacau, eastern Romania.