February 26, 2014 14:38
Axxess Capital, the investment manager of Emerging Europe Accession Fund, has acquired the majority stake in Star Storage, a leading Romanian information technology services company, a media release announces....more »
February 19, 2014 14:14
The Spanish group, producer of hydraulic components, Roquet has been provided a 5 million euro loan by EBRD (The European Bank for Reconstruction and Development) which will be used to co-finance the development of a greenfield plant in Romania, near Ploiesti....more »
February 17, 2014 16:11
SOCAR, the State Oil Company of Azerbaijan Republic, has opened five new gas stations within the past week and plans to continue expanding its network nationwide which now has 25 units. Of those five, four are located in Moldavia region, where most if SOCAR’s filling stations are concentrated, the other one being located near Bucharest – the first one in the area, an investment worth about 1 million euro....more »
February 12, 2014 15:06
The medical services operator will run this year a new regional development program, in this respect having established an investment budget of some 6 million euro. Also, after revenues of 72 million euro and an operating profit of 10 million euro last year, the company anticipates a turnover between 81 - 83 million euro corroborated by a operating profit 20 percent higher than last year....more »
February 07, 2014 13:00
After about one year from the beginning of the construction works, Macromex’s Edenia Distribution Center will become operational this April, once the trial period ends. The logistic center is located in Campia Turzii, Cluj County, a key-location allowing deliveries in Romania as well as throughout Europe in approximately 24h, according to a media release....more »
February 06, 2014 12:21
The Austrian-based sugar producer company, which operates in Romania through its subsidiary, Agrana Romania, announces that has reached an agreement with Lemarco, a domestic sugar producer, for acquiring the latter’s plants in Urziceni and Liesti, Ialomita and Galati County, respectively. The agreement is, though, subject to approval of the competent anti-trust authorities....more »
January 27, 2014 11:09
Following the progress recorded since its privatization in September 2013, Aversa Manufacturing, Romania’s single centrifugal pumps manufacturer, plans to extend its operations this year when aims to build a new plant. The facility, supported by an investment of 15 million euro, will have an area of 25.000 m2 and will include 3D design technology, higher-performance equipment so as to increase efficiency and lower the production costs, is stated by a press release sent towards Govnet....more »
January 24, 2014 11:44
Having the Memorandum with the Government approved, Rompetrol announces it is ready to start investing again in Romania. The first step in this regard will be the purchase of the 26.7 percent of Rompetrol Refinery shares for the amount established through the arrangement with the Executive - 200 million dollar will be transferred into the state budget once the legal procedures relative to the privatization of the oil company are finalized, a press release informs....more »
January 15, 2014 10:53
SOCAR, the State Oil Company of Azerbaijan Republic, announced an increase worth about 35 million euro of the social capital of the Romanian-based company it controls – SOCAR Petroleum SA. The transaction is meant to support the development policy of the oil company which has been fully taken over by Azeri group recently, after acquiring the remaining 10 percent of the shares owned by the Romanian shareholder....more »
January 10, 2014 13:07
German concern Daimler which operates in Romania through Star Transmission inaugurated yesterday a new gearbox drive assembly unit in Sebes, Alba County. The production in the new plant is destined to Mercedes-Benz cars, the company spending nearly 40 million euro on this investment...more »
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