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Mutual Fund Review Of 2011: Good Performance In Troubled Economy
The mutual fund administrators are preparing to end the year with 1 billion lei (about EUR230 million) in new funds and with over 11,500 new investors, a performance achieved during extremel...
Local Food Maker Sees Tough Year Ahead, Still Plans Large Investment
Although 2011 was a good year for agriculture and food producers, 2012 might not be as good, because of economic uncertainty and the droughts seen this year in Romania, a local food maker sa...
Hidroelectrica Finishes EUR75M Power Plant
Romanian state-owned hydropower producer Hidroelectrica on Tuesday announced the completion of a hydropower plant in southern Romania, following an investment of EUR75 million.
Development Ministry To Receive EUR360M In Redirected EU Funds
The European Commission agreed to direct EUR360 million for the thermal rehabilitation of homes from other operational programs, Romanian Regional Development Minister Elena Udrea said Frida...
EBRD To Invest EUR6.8M In Romania’s First Recycling Park
The European Bank for Reconstruction and Development will invest EUR6.8 million in the Green Group recycling park in Romania, the first such park in the country, the bank said in a statement...
Bucharest’s Theodor Pallady Blvd. Targeted By Investments Worth EUR500M
Bucharest’s Theodor Pallady boulevard will draw investment of more than EUR500 million over the next two years, especially in retail and on the auto segment, according to Bucharest District...
Mechel Completes EUR3.2M Investment At Its Otelu Rosu Plant
Russian steel giant Mechel Thursday said it has completed a EUR3.2 million investment in a new production line at its Ductil Steel Otelu Rosu plant, in western Romania.
Continental Hotel Chain President Conditions Further Investments On Predictable Tax System
Romanian businessman Radu Enache, president of the Continental hotel chain, said Thursday he will make no investments on the local market, although he has prepared several such projects, if...
Poultry Farm Ave Impex To Invest EUR6M In Incubation, Feed
Romanian poultry farm Ave Impex on Wednesday said it will invest EUR6 million in an incubation station and a feed plant, which should start activity in spring next year.