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Romania Will Likely Meet H1 Fiscal Targets, But Capital Spending Still Low – Franks
Romania’s low level of expenditure will most likely allow for the first half fiscal targets to be achieved, but the authorities still need to imporove the EU-related capital spending, said J...
Pambac Bacau Expects 6% Growth In Sales To EUR46m
Bakery and milling firm Pambac Bacau, controlled by Alin Giurea and another two partners, expects 6% higher turnover this year, to EUR46 million, after over the past three years the business...
Fabryo Sales At RON136.5M In 2010, Sees No Growth This Year
Romanian paint maker Fabryo Corporation posted a 9% decline in sales last year, to 136.5 million lei (EUR32.4 million), and any increase in turnover this year would be "an outstanding perfor...
Mic.ro Reports EUR45M Investment In 600 Stores Nationwide
Businessman Dinu Patriciu’s store chain Mic.ro on Thursday said it has invested over EUR45 million so far in its 600 stores, opened in 50 large cities and neighboring towns.
GTC Buys Out Cefin Holding From Galleria Galati Project
Property developer GTC bought out Cefin Holding from the Galleria shopping center project developed in Galati, and will complete the project on its own.
Adama Completes Phase One Of Residential Project in Brasov
Realty developer Adama on Wednesday said it has completed phase one of an apartment complex in central Romanian city Brasov, with an investment of EUR14 million.
UK Petrofac Plans To Invest $300M In Romania By 2025
British Petrofac could invest $300 million in Romania over the next 15 years, to redevelop several mature oil and gas wells, Tuesday said Petrofac Romania general manager Tudor Gafton.
OMV Petrom Pays RON15M For Waste Removal Services
Romanian leading oil and gas company OMV Petrom (SNP.RO) will pay 14.7 million lei (EUR3.4 million) for waste removal services at eight storage facilities in the country, the company said in...
Fondul Proprietatea's Main Foreign Shareholder Stays Out Of Management
Christopher Weaver, head of UK-based City of London Investment Management Company, the biggest foreign institutional shareholder in Fondul Proprietatea (FP.RO) with 5.85% in capital, says th...