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Hidroelectrica To Upgrade Three Power Plants For EUR300M, Targets Acquisitions
Energy

Hidroelectrica To Upgrade Three Power Plants For EUR300M, Targets Acquisitions

Romania's insolvent state-owned hydropower producer Hidroelectrica wants to invest EUR300 million this year in the upgrade of three hydropower plants and is looking to buy micro hydropower p...

Oana Gavrila · 24.02.2015 · 14:43 · 1 min
Apulum Set To Invest EUR3M To Boost Production
Companies

Apulum Set To Invest EUR3M To Boost Production

Romanian porcelain manufacturer Apulum, a major local supplier of Swedish group IKEA, has budgeted investments worth above EUR3 million in 2015 to increase production at its Alba Iulia plant...

Catalina Apostoiu · 23.02.2015 · 00:00 · 1 min
McDonald’s Invested Over RON13M In Romania In 2014
Retail&Consumer

McDonald’s Invested Over RON13M In Romania In 2014

US fast-food restaurant chain McDonald's invested over 13 million lei (EUR2.92 million) in Romania last year, focusing on the development of McCafé coffee-house chain and the launch of new p...

Gabriela Stan · 20.02.2015 · 15:27 · 1 min
Petrom To Lower Investments By As Much As 35% This Year
Energy

Petrom To Lower Investments By As Much As 35% This Year

OMV Petrom (SNP.RO), part of Austria's OMV, will lower its investment plans by 20%-35% this year, citing lower crude oil prices.

Oana Gavrila · 19.02.2015 · 11:09 · 1 min
Companies

Metrorex Assigns RON38M This Year To Airport Line

Subway transport operator Metrorex, which has an investment budget of nearly RON2 billion, will assign RON38.5 million for a sixth mainline, connecting the main train station in Bucharest to...

Oana Gavrila · 18.02.2015 · 14:15 · 1 min
Regina Maria Eyes EUR67M Turnover, Invests In Expansion In 2015
Health

Regina Maria Eyes EUR67M Turnover, Invests In Expansion In 2015

Private medical service provider Regina Maria will invest over EUR5 million in expansion to new Romanian cities this year and estimates a turnover growth of over 20% to EUR67 million and an...

Gabriela Stan · 17.02.2015 · 17:26 · 1 min
Maschio-Gaspardo Romania Set To Invest EUR2.5M To Expand Production
Companies

Maschio-Gaspardo Romania Set To Invest EUR2.5M To Expand Production

Italian-held farm machinery producer Maschio-Gaspardo Romania, which owns a plant in Chisineu-Cris locality of Arad county, has budgeted investments worth EUR2.5 million this year to expand...

Catalina Apostoiu · 06.02.2015 · 00:00 · 1 min
OMV Reduces Investments Over Declining Oil Prices, Expects To Miss Production Target
Energy

OMV Reduces Investments Over Declining Oil Prices, Expects To Miss Production Target

Austrian oil and gas group OMV, owner of Romania's OMV Petrom (SNP.RO), announced Thursday it will cut back on its planned investments for the interval 2015-2017 due to declining oil prices...

Oana Gavrila · 29.01.2015 · 10:54 · 1 min
Romgaz Sits On RON1.7B Worth Of Cash, But Still Exploits 90-Year Old Fields
Companies

Romgaz Sits On RON1.7B Worth Of Cash, But Still Exploits 90-Year Old Fields

The completion of natural gas market deregulation is likely to leave Romgaz without one of the “engines” that brought it record high profit after the first nine months of 2014: gas price inc...

Catalina Apostoiu · 28.01.2015 · 00:00 · 1 min