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Continental To Hire 2,400 Engineers In Timisoara In New Technology Center
German-held Continental Automotive last week started a EUR20 million investment in Timisoara (western Romania) in a new engineering center and in test labs, on a total area of 30,000 square...
Increasing Gas Storage Capacity Would Cost Romania Over EUR750M
An increase in the natural gas storage capacity in Romania and the rehabilitation of the transport system would require an investment of more than EUR750 million, according to a report of st...
Guzu Invests EUR2.5M In Fruit Warehouse, Tourism In Vrancea
Romanian businessman Daniel Guzu started construction of a fruit storage facility and a tourist pension unit in central Romanian county Vrancea, with an overall investment of EUR2.5 million,...
BNR Investments Focused Mainly On Government Bonds In 2010
Romania's central bank BNR invested mostly in government bonds in 2010, as its investment policy focused on limiting exposure to private lenders, therefore revenue from administration of the...
Most Profitable Mutual Funds In H1
OTP Obligatiuni (former Balansis) sold all the shares in its portfolio before the bourse started seeing corrections and became the best-performing mutual fund with a 10.8% return in the firs...
Greek Olympus Opens New Unit In Brasov
Greek dairy maker Olympus Thursday said it has completed a EUR55 million investment in a production unit in central locality of Halchiu, Brasov county.
Today It’s Cheaper To Buy A Bank Than To Grow Organically - OTP Boss
It has become cheaper for a banking group looking to consolidate its presence on the market to buy a bank rather than invest in organic growth, says Laszlo Diosi, head of OTP Bank, the domes...
German Group Rochling Builds Car Part Plant In Pitesti, S Romania
German group Rochling will invest over EUR9 million in a plastic car part production unit in Pitesti, southern Romania, Rochling director of communications Ina Breitsprecher told MEDIAFAX We...
Online Store Owners Need To Reassure Clients - GfK
Online store owners need to invest in consumer confidence, according to a GfK survey, since clients mainly show concerns regarding the website’s security and the safety of their personal dat...