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Bilka Steel Puts New Production Line Into Operation, Part Of EUR5M Investment Program
Companies

Bilka Steel Puts New Production Line Into Operation, Part Of EUR5M Investment Program

Romanian steel roof tile maker BILKA Steel, owned by businessman Horatiu Tepes, put into operation a new production line at the end of April, part of an investment program of EUR5 million ca...

Ecaterina Craciun · 03.06.2014 · 14:20 · 1 min
Companies

Tax Regime Could Postpone Part Of Romtelecom And Cosmote's Planned EUR170M Investment

Telecom operators Romtelecom and Cosmote could postpone part of their planned EUR170 million investments this year because of the newly introduced special construction tax, the value of whic...

Oana Gavrila · 02.06.2014 · 18:32 · 1 min
Hidroelectrica Plans EUR75M Investment In Stejaru Plant Upgrade
Energy

Hidroelectrica Plans EUR75M Investment In Stejaru Plant Upgrade

Romania’s insolvent state-run hydropower generator Hidroelectrica will launch an international auction for technological upgrades at the Stejaru hydropower plant in Neamt county (northeaster...

Ecaterina Craciun · 02.06.2014 · 11:51 · 1 min
Oracle Mulls Expanding Business Outside Bucharest
Technology &Telecoms

Oracle Mulls Expanding Business Outside Bucharest

US IT company Oracle plans to expand its business outside Bucharest, as it will continue investments in Romania, that will require more office spaces, the company’s president Safra Catz told...

Gabriela Stan · 20.05.2014 · 15:49 · 1 min
Banca Transilvania Invested EUR50M In Technology In Last 5 Years
Banks-Insurance

Banca Transilvania Invested EUR50M In Technology In Last 5 Years

Romanian lender Banca Transilvania invested in the last five years nearly EUR50 million in technology, out of which EUR20 million in the new core-banking system, while the bank’s market shar...

Gabriela Stan · 20.05.2014 · 13:17 · 1 min
Private Pension Funds Boost Equity Investments
Capital Market

Private Pension Funds Boost Equity Investments

Private mandatory pension funds (pillar II) held investments of 2.3 billion lei in stock of companies listed on the bourse at the end of March, double the volume posted in the same period of...

Catalina Apostoiu · 19.05.2014 · 00:00 · 2 min
UniCredit: Romania In Dire Need Of New Investments, Jobs
Macroeconomics

UniCredit: Romania In Dire Need Of New Investments, Jobs

Romania faces one of the highest declines in employment levels in Central and Eastern Europe, has the least skilled personnel and is in dire need of new investments and new jobs, said Dan Bu...

Florentina Dragu · 13.05.2014 · 14:02 · 1 min
Anchor Grup Expects Plaza Romania To Be At Least 95% Occupied After Remodeling
Retail&Consumer

Anchor Grup Expects Plaza Romania To Be At Least 95% Occupied After Remodeling

Anchor Grup, which developed the first shopping mall on the Romanian market, has set off the remodeling and repositioning of shopping center Plaza Romania which is expected to be occupied at...

Ecaterina Craciun · 08.05.2014 · 15:36 · 2 min
Antibiotice Plans To Invest EUR40M In New Production Units By 2020
Companies

Antibiotice Plans To Invest EUR40M In New Production Units By 2020

Romanian state-run drug-maker Antibiotice Iasi (ATB.RO wants to build new production facilities to develop its product portfolio and estimates it will invest EUR40 million over the next six...

Oana Gavrila · 08.05.2014 · 14:23 · 1 min