04.29.2014

Romanian state-run hydropower producer Hidroelectrica has scheduled investments worth 377 million lei (EUR85 million) for this year, mainly in upgrade works and “historical” projects, the more

04.24.2014

Globalworth Real Estate Investments, founded and owned by Greek businessman Ioannis Papalekas, one of the most active realty investors in Romania, raised EUR144 million on the London Stock Exchange, more

04.16.2014

Romania ranks third in Central and Eastern Europe (CEE), after Poland and Russia, regarding the value of real estate transactions which saw tremendous growth in the first quarter of 2014, to EUR303 more

04.15.2014

Romania should absorb EUR2.9 billion in EU funds this year for investments in agriculture, EUR200 million more than in 2013, Agriculture Minister Daniel Constantin said Tuesday at a conference more

04.15.2014

IT services provider Accenture Romania, the former Evoline company acquired in late 2013 by US giant Accenture, targets investments of EUR3-4 million in 2014, mainly to relocate the office in more

04.09.2014

Private pension funds in Romania may invest EUR500 million on the capital market, in new public offerings, between 2014 and 2015, said Raluca Tintoiu, general manager of ING Pensii. more

04.08.2014

E.ON Romania, the local unit of German utility E.ON, has earmarked 406 million lei (EUR95 million) for investments in 2014, the company’s chief executive officer Frank Hajdinjak said Tuesday. more

04.08.2014

South-African property investment fund New Europe Property Investments (NEP.RO) Tuesday raised around EUR80 million through a book build process which was substantially oversubscribed, and the money more

04.02.2014

Bucharest, Kiev and Sofia are the only capital cities in Central and Eastern Europe (CEE) where real estate developers are building shopping centers totaling over 100,000 square meters, according to a more

03.26.2014

Mega Image, part of Belgian retail group Delhaize, will continue its expansion in capital city Bucharest where it plans to build a new logistics center meant to support its expansion plans, more

03.21.2014

Chinese IT&C equipment maker Huawei plans to increase the value of investments in Romania and the number of employees to 1,000 by 2018, out of which 70% are Romanians, the company’s management said more

03.19.2014

Romania’s energy industry requires investments of over EUR30 billion over the next 15 to 30 years to boost competitiveness and ensure its independence from foreign resources, according to official more

03.17.2014

Romanian steel roof tile maker BILKA Steel, owned by businessman Horatiu Tepes, bought the real estate assets of bankrupt Romlag Brasov and plans to invest EUR5 million in its industrial development more

03.13.2014

Retail investments in Romania represent less than 1% of the total volume registered at European level in 2013, although last year transactions with retail projects rose sharply compared with 2012, more

03.07.2014

Grup Servicii Petroliere (GSP), owned by Romanian businessman Gabriel Comanescu, has invested over $44 million in the Uranus drilling rig, using both its own resources and funds from state-run lender more

02.25.2014

Romanian state-run natural gas producer Romgaz Medias (SGN.RO) has an investment program of over 1 billion lei (EUR222 million), out of which up to 80% will be used for exploration, Virgil Metea, the more

02.25.2014

CEZ Romania will continue to invest up to EUR50 million every year in electricity grids, while the Romanian state should invest in production capacities, Adrian Borotea, corporate affairs manager with more

02.24.2014

Certain pipeline upgrade investments of Romanian state-run oil transporter Conpet Ploiesti (COTE.RO) are blocked by the taxes levied by public roads administrators on the pipes, although they are more

02.21.2014

Seven real estate groups, three of which are Romanian-held, in 2013 generated revenue of almost EUR315 million from operating the malls or office buildings they own, up 12.3% year-on-year, according more

02.20.2014

Farmec Cluj, Romania’s largest cosmetics producer, saw its revenue advance in each of the past five years of crisis, as on a market dominated by multinationals Farmec products are 30-40% cheaper more

02.14.2014

Baneasa Developments wants to invest nearly EUR2 million in expanding the entertainment zone and remodeling several spaces within shopping center Baneasa Shopping City, company head Georgios more

02.10.2014

Transavia, the biggest poultry meat producer in Romania, plans investments of at least EUR10 million this year, similar with 2013, as well as the payment of its banking loans, according to a more

02.05.2014

Turkish businesses invested $5 billion in the Romanian economy and Romania hopes the amount will double, Romanian President Traian Basescu said Wednesday in Ankara, during a press conference with more

01.30.2014

Elmec Romania, the local division of Greek-held group Folli Follie (FF Group) which holds the Nike franchise on the local market, has changed its name to FF Group Romania and announced new store more

01.27.2014

Private pension funds in Romania will have around EUR500 million in the next two years to invest in public offerings and corporate bonds, Raluca Tintoiu, general manager of ING Pensii, said Monday. more