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Ford Romania To Boost Turnover To EUR1B By Yearend And Promises To Hire More Personnel
Ford Romania’s turnover this year will exceed EUR1 billion with a production of 500 cars per day starting in June, and the U.S. company plans to hire more personnel in a second wave of hirin...
Oltenia Cluster Companies Are Currently Investing EUR1B
The companies that will form state-owned power production cluster CE Oltenia are unfolding investment worth a total EUR1 billion, including conformity with EU environment norms and mining ac...
Rafo Seeks EUR70M Loans For Upgrades
Romanian refinery Rafo Onesti (RAF.RO) seeks to borrow EUR60 million from external creditors and EUR10 million from its majority shareholder, Petrochemical Holding Austria, in an installatio...
EnergoBit Seeks Investors For Development
EnergoBit, one of the leading companies on the Romanian energy equipment market, received offers from private investors willing to get a stake in it and provide financial backing to its proj...
Vodafone, Orange And OTE Invested Some EUR8B In Romania
Telecom operators Vodafone, Orange and OTE have so far invested about EUR8 billion in developing their Romanian subsidiaries, and announced they will continue investments once telecom regula...
Medicover Opens Its First Hospital In Romania After EUR20M Investment
Private medical services operator Medicover estimates the hospital it opened Monday in Bucharest, which entailed over EUR20 million in investments, has the potential to generate revenues of...
Avicarvil Plans EUR5M Investment To Open 100 New Shops
Romanian Avicarvil, owned by businessman Iustin Paraschiv, plans to open 100 butcher shops in southern and central Romania, with an overall investment of EUR5 million.
Enel Green Power Invested EUR330M In Romania Wind Farms In 2011
Enel Green Power, the renewable energy division of Italian utilities group Enel, has invested EUR330 million to build wind farms in Romania last year, the company said in its financial repor...
Development Ministry Cuts 2012 Budget By 15%, Prioritizes Almost Finished Projects
The Romanian Development Ministry’s 2012 budget was reduced by 15% and the institution will prioritize investment projects that are over 80% finished, as well as infrastructure and tourism p...