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ArcelorMittal Galati Restarts Furnace After EUR80M Upgrade
ArcelorMittal Galati, a unit of the world’s largest steelmaker ArcelorMittal, Monday said it has resumed operations at its fifth blast furnace, which was shut down for relining and moderniza...
Most Companies In Romania To Boost Investment Over Next Five Years
Most companies in Romania are planning to widen their investment and increase staff by more than 50% over the next five years, according to a study by the American Chamber of Commerce in Rom...
Sterling Resources To Invest Up To $1B In Black Sea Blocks
Canadian Sterling Resources plans to invest between $500 million and $1 billion in hydrocarbon exploration at Romania’s Black Sea platform over the coming period, the Economy Ministry said T...
Farmexpert Goes Ahead With Investments And Looks At EUR500M Turnover
Farmexpert, the second-largest distributor on the Romanian drugs market, held by German group ANZAG, is set to make EUR8-9 million investments in new storage facilities by the end of next ye...
Opus Land To Develop 1,200 Flats By 2015 In N Bucharest, With EUR55M
Realty developer Opus Land Development on Wednesday said it plans to develop over 1,000 apartments and 200 villas in the Cosmopolis compound near Bucharest, with an investment over some EUR5...
Nokia Romanian Plant Closedown May Translate Into 0.2% Drop In GDP - Deloitte
Consulting company Deloitte estimates the closedown of Nokia’s plant in Cluj county, northwestern Romania, may translate into a 0.1-0.2% drop in the gross domestic product, which might be ba...
Agricola Bacau Plans EUR3M Investment In 100 New Stores
Agricola Bacau, one of the largest local poultry meat producers, on Tuesday said it will invest some EUR3 million to launch over 100 stores over the next two years.
CFR Received 11 Offers For EUR532M Line Upgrade Contract
Romanian railway administrator CFR SA received 11 offers for the upgrade of a 66.2 km-long segment of the Brasov-Simeria line, between Atel (Sibiu county) and Coslariu (Alba county), worth a...
China's Huawei To Invest EUR200M In Romania By 2014
Chinese IT&C equipment producer Huawei will invest EUR200 million in Romania by 2014, mainly in a design center in Bucharest and a national fiber optic network in partnership with power grid...