INVESTMENTS

Genesis Property developer, controlled by local entrepreneur Liviu Tudor, invests EUR 1.5 million in building the first outdoor pool with running track and roller blading in Romania, which will be located in West Gate Business Park in Bucharest, as a ...

Rewe Romania, operating Penny Market retailer, has reported a turnover of almost RON 3 billion last year, 5 per cent more as against 2016, the group’s officials have announced in a press conference in Bucharest on Wednesday. For the Penny ...

E-Distributie Muntenia invested almost RON 6 million for the modernization of the medium and low voltage networks in Cotroceni area, with the purpose to improve the quality of the electricity distribution service for almost 5,000 customers, a press release informs. ...

The turnover of Cluj-based Farmec, Romania’s largest cosmetics producer, increased by 9.12 percent in 2017 year-on-year, to over RON 214 million (EUR 45.8 million), a press release informs. This increase comes following its portfolio’s upgrading and expansion, entering new market ...

In the first two months of 2018, the balance-of-payments current account posted a deficit of EUR 172 million, compared with EUR 72 million in January – February 2017, National Bank of Romania (BNR) informs in a press release. The deficit ...

14 technology start-ups entered the process of finalizing the investment of up to EUR 100,000 per company from GapMinder venture capital fund for accelerated development within the Techcelerator program. Start-ups were selected from an initial number of over 140 applicants. ...

Basingstoke-based EC Electronics have signed the lease on a second factory in Romania, a press release informs. This new state-of-the-art facility will be dedicated to cable assembly and overmoulding, providing opportunity to expand their capabilities to build even the most ...

West Gate Business Park, located on the western side of Bucharest and owned by Genesis Development, officially opens a four-star accommodation facility, following an investment of EUR 500,000, a press release informs. This facility, a first in an office park ...

BSH Hausgeräte GmbH, part of German group Bosch, is continuing its expansion in Europe and will invest a triple-digit million sum in the coming years in a new site in Romania, in Simeria, in a washing machine factory, as a ...

Bosch officials attended on Monday the foundation stone-laying ceremony of the new headquarters of the Cluj-Napoca Engineering Center. According to a press release, it’s about a six-storey building, in which the German group invested EUR 25 million. The new building of ...