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Moody's Upgrades IIB Rating To A3 From Baa1 For Bonds Issued On Bucharest Stock Exchange
Moody's Investor Service has upgraded the issuer and senior unsecured debt ratings of International Investment Bank (IIB) to A3 from Baa1. The outlook was changed to stable from positive.
Transelectrica To Invest RON100M In Network Upgrades By Yearend
Romanian state-run power grid operator Transelectrica will invest RON42.2 million in power station upgrades in November and plans to invest RON100 million by the end of the year.
Targu-Mures Airport To Get EUR12M Upgrade
The Transylvania Airport in Targu-Mures, central Romania, will be rehabilitated with EUR12 million, the local county council said Thursday.
Copos Set To Invest EUR30M In His Hotels
Businessman George Copos, owner of ANA Hotels, plans to invest EUR30 million in upgrading his hotels in Bucharest and those in mountain and seaside resorts over the next three to four years,...
Romelectro And Litostroj Power To Upgrade Stejaru Hydropower Plant For EUR75M
The association of Romelectro and Litostroj Power (Slovenia) has won a EUR75 million contract to upgrade the Stejaru hydropower plant in Neamt county, eastern Romania.
Bucharest Beltway - The Road Where 140,000 Vehicles Travel At 17 Km/H Every Day
Bucharest’s Beltway has never been a priority for the government so twenty-five years after the fall of the communist regime, vehicles travel this road at an average speed of merely 17 kilom...
Satu Mare Airport Seeks Upgrade And Expansion Works For EUR14M
The Satu Mare Airport in northwestern Romania seeks upgrade and expansion works under a one-year contract estimated at RON62 million (EUR13.8 million), VAT included.
Roads Authority Expects To Pay Over EUR110M To Upgrade Maramures-Suceava Road
Romania's roads authority CNADNR wants to modernize a 90 km section of Natioanl Road 18, between Maramures and Suceava, for up to EUR113 million, VAT included.
Local Authorities Seek Contractor To Upgrade Bacau Airport For EUR16M
Local authorities in Bacau, eastern Romania, seek to contract upgrade works for the city's international airport for an estimated RON70.8 million (EUR16 million), VAT included.