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Posta Romana Announces Massive Investments In Upgrades, Digitalization
Companies

Posta Romana Announces Massive Investments In Upgrades, Digitalization

Romania's state-owned postal operator Posta Romana (CNPR)on Thursday announced the start of the largest investment of the last four decades for upgrades and digitalization.

Ecaterina Craciun · 25.02.2021 · 17:38 · 1 min
Terran Invests EUR500,000 In Machines, Storage Spaces At Its Factory In Campia Turzii
Companies

Terran Invests EUR500,000 In Machines, Storage Spaces At Its Factory In Campia Turzii

Hungarian roofing systems producer Terran, which produces concrete tiles, is investing EUR500,000 at its production unit in Campia Turzii (Cluj County).

Ecaterina Craciun · 19.02.2021 · 11:30 · 1 min
Romania's GDP Growth Seen At 4.3%, Investments At Up To RON61B In 2021, PM Says
Macroeconomics

Romania's GDP Growth Seen At 4.3%, Investments At Up To RON61B In 2021, PM Says

Prime Minister Florin Citu said Wednesday that Romania’s economic growth is estimated at 4.3% and investments are expected to grow up to RON61 billion, per the 2021 state budget draft put up...

Ecaterina Craciun · 10.02.2021 · 18:23 · 1 min
Hidroelectrica Seeks To Invest RON170M In Retrofitting Bradisor Hydropower Plant
Companies

Hidroelectrica Seeks To Invest RON170M In Retrofitting Bradisor Hydropower Plant

Romanian state-owned hydropower producer Hidroelectrica plans to invest RON170 million in retrofitting works at the Bradisor hydropower plant.

Ecaterina Craciun · 29.01.2021 · 14:59 · 1 min
Joris Ide Targets EUR15M Investments In Romania In Next Three Years
Companies

Joris Ide Targets EUR15M Investments In Romania In Next Three Years

Construction material manufacturer Joris Ide, held by Kingspan Group, targets investments of nearly EUR15 million in Romania until 2024.

Ecaterina Craciun · 28.01.2021 · 20:15 · 1 min
Altex Invests Over EUR1M In Solar Panels At Some Of Its Sores, Logistics Centers Across Romania
Retail&Consumer

Altex Invests Over EUR1M In Solar Panels At Some Of Its Sores, Logistics Centers Across Romania

Romania's leading electronics retailer Altex wants all stores, logistics parks and entities in its group to produce and use renewable energy, with the installation of solar panels, and total...

Ecaterina Craciun · 28.01.2021 · 14:24 · 1 min
Real Estate Developer Opus Land To Invest EUR29M In Cosmopolis Project In 2021
Real Estate

Real Estate Developer Opus Land To Invest EUR29M In Cosmopolis Project In 2021

Turkish-owned real estate developer Opus Land will invest EUR29 million in the Cosmopolis project in 2021, approximately one third more than the investment carried out in 2020, according to...

Ecaterina Craciun · 18.01.2021 · 10:52 · 1 min
Pillar II Pension Funds Reach RON75B in Net Assets in 2020
Banks-Insurance

Pillar II Pension Funds Reach RON75B in Net Assets in 2020

The assets managed by the seven private pension funds operating on Romania's mandatory segment (Pillar II) reached RON75.14 billion at the end of 2020, with RON13 billion amassed in 2020 alo...

Oana Gavrila · 12.01.2021 · 12:29 · 1 min
E-Distributie Banat Invested RON127M In Power Grid Upgrades In Western Romania In 2020
Energy

E-Distributie Banat Invested RON127M In Power Grid Upgrades In Western Romania In 2020

Romanian electricity distribution company E-Distributie Banat, part of Italian utility group Enel, invested RON127 million in digitizing and modernizing the power grids in western counties o...

Ecaterina Craciun · 11.01.2021 · 16:49 · 1 min