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MOL Plans To Invest Several Dozen Million Dollars In Three Romanian Exploration Blocks
Hungarian oil group MOL on Tuesday said it plans to invest several dozen million dollars in the first exploration stages of three blocks it had won at auctions organized by the Romanian Mine...
EBRD Investments In Romania Seen Down In 2015 From EUR592M Last Year
European Bank for Reconstruction and Development (EBRD) expects the value of its investments in Romania in 2015 to be lower than last year's investments of EUR592 million, Matteo Patrone, EB...
Forte Partners Erects Two Office Buildings Of Over EUR80M Near Basarab Overpass
Real estate developer Forte Partners, founded by businesspeople Geo Margescu, Ionut Dumitrescu and Johny Jabra, is constructing two office buildings near the Basarab Overpass in capital Buch...
ACUE: Utility Companies In Romania Target EUR600M Investments In 2015
Natural gas and electricity companies have invested nearly EUR8.7 billion in Romania, from privatization to date, and target investments of approximately EUR600 million for 2015, according t...
Electrica Mulls EUR715M Investments By 2018
Romanian electricity distribution and supply company Electrica (EL.RO) plans to invest EUR121 million this year and over EUR715 million by 2018, the company said in a statement Tuesday.
Romania’s Energy Sector Desperately Needs New Investments, Energy Ministry Official Says
Romania’s energy sector is still living on investments made before the 1990s and desperately needs new projects, Bogdan Badea, state secretary at the Energy Ministry, said Thursday at the co...
Romanian Spa Resorts Need EUR1B Investments
Romanian spa resorts need investments of over EUR1 billion, which might come both from the private sector and the state budget, said Nicu Radulescu, head of the employers association for spa...
Retrasib Sibiu Invests Added EUR1M In Production Capability Upgrade
Romanian power transformers manufacturer Retrasib Sibiu (RTRA.RO), majority owned by Germany’s SGB-Smit group, aims to increase 2015’s investments budget by EUR1 milion (4.4 million lei), at...
ExxonMobil Vows To Continue Investments In Black Sea Exploration
U.S. oil and gas company ExxonMobil reiterated Wednesday, during talks with Romanian Prime Minister Victor Ponta, its intention to continue investments in exploring for natural gas in the Bl...