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Energy

OMV Petrom 1Q Investments At RON633M, Down 12% On Year

Romanian oil and gas company OMV Petrom (SNP.RO) Wednesday said it has invested 633 million lei (EUR154.8 million) in the first quarter, 12% less than RON717 million in the year-earlier peri...

Andrei Cîrchelan · 11.05.2011 · 12:10 · 1 min
Real Estate

Enterprise Investors To Invest EUR30M In Upgrades At Macon

Polish private equity firm Enterprise Investors, which holds Romanian construction materials maker Macon Deva, will invest EUR30 million by the end of 2015 in upgrades at Macon’s plants.

Andrei Cîrchelan · 05.05.2011 · 16:08 · 1 min
Energy

AGRI Project Feasibility Requires Bosfor Transit Talks With Turkey

Natural gas delivered through the three-state AGRI route might cost more than the gas Romania imports from Russia, which pins the project’s feasibility on Bosfor transit negotiations with Tu...

Andrei Cîrchelan · 05.05.2011 · 15:01 · 1 min
Energy

China May Invest In EUR700M Romanian Power Plant

The Romanian government wants to team up private investors with its Termoelectrica power producer for the construction of two new production units at the Doicesti plant, in a project evaluat...

Andrei Cîrchelan · 05.05.2011 · 13:41 · 1 min
Energy

Tarnita Hydropower Plant To Start Production In 2019

The Tarnita-Lapustesti hydropower plant in Romanian county Cluj will start production in 2019, following an investment estimated at EUR1.028 billion, Thursday said Razvan Cojoc, representati...

Andrei Cîrchelan · 05.05.2011 · 13:25 · 1 min
Companies

Martifer's Prio Foods Launches EUR93M Vegetable Oil Plant

Food products maker Prio Foods, part of Portuguese group Martifer, will launch Thursday in Romanian county Calarasi a vegetable oil production unit, following an investment of EUR93 million.

Andrei Cîrchelan · 04.05.2011 · 13:59 · 1 min
Energy

Holrom Renewable Energy To Launch 17-MW Wind Farm In May

Holrom Renewable Energy on Wednesday said it will complete this month a EUR21 million wind farm in Baia, in the Romanian southeastern county Tulcea.

Andrei Cîrchelan · 04.05.2011 · 13:41 · 1 min
Banks-Insurance

Energy Rose Invests EUR10M In 6-MW Wind Project In SE Romania

Israeli-owned Energy Rose on Wednesday said it will build its first wind farm in Romania, with an investment of EUR10 million for an installed capacity of 6 MW.

Andrei Cîrchelan · 04.05.2011 · 13:40 · 1 min
Energy

Rompetrol’s Ecomaster To Invest $2M In Ecological Park In 2011

Ecomaster, the ecologic services unit of Romania’s second largest oil group Rompetrol, will invest around $2 million at its industrial ecological park Ecopark in 2011, general manager Romulu...

Florentina Dragu · 02.05.2011 · 19:50 · 1 min