Investments
January 09, 2014 15:53
The Irish oil and gas exploration company established for 2014 a 27 million dollar investment budget for petroleum explorations in Romania’s Black Sea area where it operates. Petroceltic International continues, therefore, its investment in Romania after spending other 20 million dollar last year, yet without effective results since the South Cobalcescu-1 exploration well drilled in 2013 did not encounter commercial quantities of hydrocarbons...more »
January 06, 2014 14:24
Emerging Europe Accession Fund (EEAF) became the major shareholder of Nextebank, the Romanian subsidiary of MKB Bank Zrt Hungary after the banking group sold its entire majority participation. The purchase agreement was signed on December 31, 2013 however the closing of the transaction, whose amount has not been disclosed, depends on the approval from Romania’s Central Bank...more »
December 17, 2013 16:09
CEZ Distribution has completed its investment worth 6.7 million euro in the Craiova Centru indoor substation, which is the group’s largest investment in Oltenia region. The 110/20 kV substation was originally built in 1979 and its refurbishment, which was carried out this September, upgraded it to the current technological requirements, a press release informs....more »
December 10, 2013 10:25
EnergoBit ESCO will build a 0.5 MW facility designed to simultaneously generate electricity and useful heat from the biogas resulted from the anaerobic fermentation of organic animal and vegetal waste. The co-generation plant with an estimated value of 2.2 million euro will be located in Tulcea and it will be set up in association with Carniprod Tulcea....more »
December 09, 2013 12:47
Dedeman expands its chain-store across Romania with a new store located in Ploiesti, to be opened this Friday, December 13. The store, which is the sixth one inaugurated in 2013, increases to 36 the number of the units the retailer owns throughout the country. The Ploiesti store has a built area of 15.000 m2 and employs 184 people....more »
December 03, 2013 16:22
Vodafone Romania adds approximately 54 million euro (45 million pounds) to the investment plan for the 2014-2016 period, money that will be allocated to speed up the expansion of the 4G network, Inaki Berroeta, Vodafone’s CEO announced during a press conference, quoted by Mediafax....more »
December 03, 2013 13:52
Enel Green Power (EGP) enters into a loan agreement with the European Investment Bank (EIB) for 200 million euro meant to partially cover investments into Romania’s renewable energy sector. The 15-year loan will support part of the investments EGP plans for some wind farms in the Banat and Dobrogea areas in Romania and follows on a total of 600 million in financing arrangements from the last three years....more »
November 28, 2013 10:37
ZTE Corporation, one of the world’s largest manufacturers of telecom equipment plans to run an investment program worth about 100 million euro within the next two years. The Chinese group aims to allocate that amount to open two service centers and a production line according to Lorian Vintila, head of ZTE Romania, quoted by Mediafax....more »
November 27, 2013 16:15
First Biogaz SRL, member of BIOGEST Austria, invests 6 million euro in a biogas plant in Northern Romania – Ardud, Satu-Mare County. The investment project is financed by BCR Romania, being one of the few biogas projects developed up to this point in Romania....more »
November 26, 2013 13:47
Romanian Paunescu Corporation and Chinese company Ming Yang Wind Power Group concluded an investment contract concerning wind farms and export equipment. The document was signed yesterday at Victoria Palace and according to Bobby Paunescu, the Romanian company’s president, this agreement is related to a 400 million euro investment, Agerpres informs...more »
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