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 »
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 »
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