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Each New Day Of Protests Chips Away At The Economy
Irrespective of where the solution for the current political tensions is found, it should come as soon as possible. Executives say business is starting to be affected.
CNAB Allots EUR3M To Modernize Otopeni Airport Presidential Lounge
The Bucharest National Airport Company (CNAB) will allot 13.2 million lei (EUR3 million) to modernize the Henri Coanda (Otopeni) airport’s presidential lounge, according to the company’s 201...
Wienerbeger Plans EUR22M Investment In NE Romania
Austrian group Wienerberger, one of the world’s largest brick systems makers and the largest producer of its type in Europe, announced plans to build a plant in northeastern Romania, with an...
The Saga Of Property Restitutions Goes On: 145,000 Claims Left Out Of FP
The Romanian government has to solve around 145,000 claims for compensation submitted by people stripped of their properties by the communist regime, after in the past twenty years the state...
Enel Completes Over EUR400M Wind Projects, Won't Stop Here
Italy’s Enel, which became the largest energy distributor in Romania following privatizations, is close to complete 292-MW wind power projects worth over EUR400 million, according to ZF esti...
EDP And Iberdrola Start EUR200M Projects In Romania
The start of 2012 brings new investments in wind farms, the most dynamic segment of the Romanian energy sector in the past two years, with projects with a capacity of around 1,000 MW and wor...
Investors Placed Half As Much Money In Mutual Funds In 2011
Investors placed 993 million lei (EUR229 million) in mutual funds last year, with the bulk of the amount being placed in money market funds and in bond funds, which invest in government bond...
H&M To Launch Five Romanian Stores In Spring - Sources
Swedish apparel retailer H&M, which holds 11 stores in Romania, will open another five outlets on the local market in spring this year, people close to the matter told MEDIAFAX.
Nokia’s Departure Causes Chain Reaction In Romanian Economy
Nokia's departure was one of the worst news of 2011, as Romania loses one of its largest exporters and a major temporary work provider. But the worst may be yet to come.