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Carbochim Cluj-Napoca Invests over EUR5M in Plant Relocation and Upgrade
Carbochim Cluj-Napoca (CBC.RO), the largest manufacturer of professional abrasives in Romania, indirectly controlled by Iulius Group owner Iulian Dascalu, announces investments of more than...
Avioane Craiova Signs RON275M Contract To Upgrade 10 IAR-99 Aircrafts
Romanian state-run aircraft maker Avioane Craiova (AVIO.RO) has signed a four-year contract worth RON275 million (VAT not included) with Romania's National Defense Ministry for the moderniza...
CFR Signs RON11.3M Feasibility Study for Upgrades to Bucharest's Main Train Station
Romanian state-owned railway operator CFR and Consis Proiect have signed a RON11.3 million contract, net of VAT, for a feasibility study on upgrades to Gara de Nord, Bucharest's main train s...
Bucharest Stock Exchange May Be Promoted To Emerging Market Status On Sept 26
The Bucharest Stock Exchange (BVB) might be upgraded to the emerging market status, on September 26, by global index provider FTSE Russell, considering that this year it meets all the necess...
Hidroelectrica Seeks to Upgrade Vidraru Power Plant for EUR82M
Romanian state-owned hydropower producer Hidroelectrica has received five bids for upgrades to its Vidraru power plant estimated to cost EUR82 million plus VAT, the company said Tuesday.
Kaufland Reopens Store In Vatra Dornei Under New Format
German-held retailer Kaufland, a leading player on the Romanian food trade market by turnover, has reopened its store in Vatra Dornei on Thursday (June 27), the only hypermarket in the town,...
Caro Hotel Complex Completes EUR3M Room Upgrade Investment
The refurbishment of the 85 rooms of the Caro Hotels complex on Barbu Vacarescu in northern Bucharest has been completed, following an EUR3 million investment, owner Octavian Lazar says.
Danubius Invests EUR4M to Upgrade Faget Hotel in Sovata, Central Romania
Hungarian group Danubius will be shutting down its two-star Faget hotel in Sovata, central Romania, and will invest over EUr4 million in upgrading it to three-star status.
Fitch Upgrades Banca Transilvania’s IDR Rating To BB+
Fitch Ratings has upgraded the Long-term Issuer Default Rating (IDR) rating of Banca Transilvania to 'BB+' from 'BB', with a stable perspective as well as the Viability Ratings (VRs) of BT t...