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IRUM Reghin Invests Over EUR7M In Retrofitting Works; Unveils New Forestry Machine Model
Farm and forestry equipment manufacturer IRUM, held by the Oltean family in Reghin, has invested over EUR7 million in retrofitting works and has launched a new forestry machine model, called...
Businessman Stefan Vuza Set To Access RON2.5B Financing For Investments At Chimcomplex
Stefan Vuza, president of chemical producer Chimcomplex Borzesti (CHOB.RO), which owns the Oltchim and Borzesti platforms, said he would borrow RON2.5 billion (over EUR500 million) on the in...
Enel’s Romanian Electricity Distribution Companies Target RON800M Investments In 2021
E-Distributie Muntenia, E-Distributie Dobrogea and E-Distributie Banat, the electricity distribution companies in Romania of Italian utility group Enel Group, will be investing RON880 millio...
Teilor Plans to Invest RON30M by Yearend to Expand in Romania, Poland, Hungary
Jewelry chain Teilor plans to invest RON30 million by yearend to develop its store network in Romania, Poland and Hungary, with the amounts earmarked per project averaging RON3.5 million.
Romanian Government Greenlights EUR120M State Aid in 1H/2021, for 20 Projects
The Romanian government in the first half of 2021 approved state aid for 20 projects set to create 2,000 jobs. The total value of 2021 projects nears EUR300 million, while overall state aid...
Casa Noastra Set to Complete First Stage of State-backed Investment in Pielesti in October
QFort window producer Casa Noastra of Dolj county is set to finalize, in late October, the first stage of the state-backed investment it has underway in Pielesti locality, near Craiova.
Coca-Cola Group Investments in Romania Hit EUR35M in 2020-2021 Period
Investments Coca-Cola group made in Romania in 2020-2021 in new products, production capacity expansion or sustainable packaging amounted to EUR35 million, according to the company’s represe...
CEC Bank Steps Up Tech Investments
Romanian state-owned lender CEC Bank is investing further in technology and digitalization and announces the launch of current account packages that can be accessed entirely online, with qua...
Transelectrica Targets RON3.7B Investments Until 2025
Romanian state-owned power grid operator Transelectrica (TEL.RO) envisages investments of RON3.73 billion until 2025, in projects aimed at increasing the interconnection capacity with neighb...