investments

EIB Support for Projects in Romania Amounts to EUR865M in 2019

12:31, 13 Feb. 2020
The European Investment Bank Group (EIB Group), comprising the European Investment Bank (EIB) and its subsidiary, the European Investment Fund (EIF), provided EUR865 million of loans, guarantees, equity and microfinance operations in Romania in 2019.

Kazakh–Romanian Energy Fund Invests $230M in Petromidia Cogeneration Plant, Gas Station Chain

17:50, 06 Mart. 2019
The Kazakh–Romanian Energy Investment Fund, 80% owned by KMG Internatioanl and 20% by the Romanian state, plans to invest $230 million in a cogeneration plant at the Petromidia refinery and to expand the Rompetrol gas station network.

Amerocap Evaluating Investments in Port of Constanta

16:26, 04 Feb. 2019
Amerocap, a US-based investment firm, which supported Chimcomplex’s acquisition of Oltchim assets, is seeking expansion of its own private equity investment activity and evaluating investments in the Port of Constanta, it said in a statement.

Fady Chreih: Regina Maria To Carry Out 18 Development Projects In 2017

18:19, 24 Mai 2017
Regina Maria, the second largest player on the Romanian private medical services market, has 18 ongoing development projects for 2017, which target expansions, relocations and modernization of existing locations, as well as greenfield projects, Chief Executive Officer Fady Chreih said on Wednesday.

Stihl Romania Invests EUR6M In Logistics And Technical Training

13:57, 15 Mai 2017
Stihl Romania, the local division of German power tool producer Stihl, on Monday announced a EUR6 million investment in expanding its space in Otopeni, a 3,000-square meter surface area used for the development of its business, and in expanding by 300 sqm the space used to train its technical staff.

Romania Might Increase Resources Allotted To Investments In Spring 2012 – Minister

16:52, 06 Dec. 2011
Romanian Finance Minister Gheorghe Ialomitianu said Tuesday additional revenues that might result after the budget execution in the first months of 2012 will most likely be directed to investments.

Romanian PM Wants Govt Resources Directed Mainly To Quick Investments

19:59, 17 Aug. 2011
Romanian Prime Minister Emil Boc asked the ministers to prioritize investment projects that can be implemented quickly and that have a multiplier effect, in order for the gross domestic product to grow by 1.5% this year, the target agreed upon with the IMF and European Commission.

IMF: Romania May Accelerate Economic Growth With Good Reforms, Solid Investments

15:14, 30 Iul. 2011
Romania's economic growth will continue this year and may even accelerate next year, but only through continued and "satisfactory" reforms, improved absorption of EU funds and solid investment plans, IMF mission chief Jeffrey Franks said Saturday.

Romania To Have 845 Km Of Highway In A Few Years – Transport Min

17:23, 20 Mai 2011
Romania will have 845 km of highway in a few years, compared to its current 313 km, through investments of EUR5.17 billion, Transport Minister Anca Boagiu said Friday.

Romania To Modernize 16 Train Stations For EUR280M

09:01, 12 Mai 2011
Romania will modernize 16 train stations within a program worth a total EUR283 million, the Government decided Wednesday.

Three Turkish Cos Interested In Building Private Hospitals In Romania

18:00, 03 Mai 2011
Three Turkish companies are looking to build private hospitals in Romania, including one specialized in cancer treatment, but these investments could be blocked by the lack of mutual recognition of medical licenses.

Romania Amends Law On Public-Private Partnership – Sources

15:48, 20 Apr. 2011
The Romanian Government amended the law on public-private partnerships (PPP), after the European Commission warned Romanian authorities that the normative act breaches EU legislation, people close to the matter told MEDIAFAX Wednesday.

Romanian Govt To Assign RON35B To Investments This Year, RON45B In 2012

14:36, 15 Apr. 2011
Romania’s Government will assign 35 billion lei (EUR1=RON4.0966) for investments this year and the sum will be increased to RON45 billion next year, Prime Minister Emil Boc told a news conference Friday.

Ford Romania Invested EUR350M In Local Unit So Far

13:18, 24 Mart. 2011
Carmaker Ford Romania invested EUR350 million so far in its plant in Craiova, southern Romania, out of the EUR675 million the company pledged to invest when it bought the plant.

Romanian PM Calls For Public-Private Projects, New Auction For Comarnic-Brasov Hwy

14:48, 09 Feb. 2011
Romanian Prime Minister Emil Boc urged Cabinet ministers Wednesday to complete a list of public-private partnership projects by March and called for a new auction to award construction works for the Comarnic-Brasov highway.

Romania 3Q Net Investment Down 14.2% On Year To RON14B

10:27, 03 Dec. 2010
Romanian net investments fell 14.2% to 14.13 billion lei (EUR1=RON4.2923) in the third quarter compared with the year-earlier period, largely due to a slowdown in construction, the country’s statistics institute INS said Friday.

Romanians’ Foreign Financial Holdings At EUR3.2B In September

14:32, 16 Nov. 2010
Romanian residents’ financial holdings abroad stood at EUR3.2 billion in September, down 12% from December last year, central bank data showed Tuesday.

Romania PM Says Govt To Make A Top Priority Out Of Infrastructure Next Year

15:48, 13 Nov. 2010
Romanian Prime Minister Emil Boc said Saturday infrastructure works will be a top priority for the Government in 2011 because it is a major resource for economic growth and job creation.

Romanian Regional Development Ministry’s Current Projects Worth EUR2B – Min

12:00, 11 Nov. 2010
The Romanian Regional Development and Tourism Ministry's ongoing construction projects are worth around EUR2 billion and its budget for investments was EUR600 million this year, said minister Elena Udrea on Thursday.

Romanian Govt To Allot Funds For Investments In 1H 2011

20:28, 02 Nov. 2010
Romania's Government agreed with its foreign lenders to allot funds for investments in the first half of next year, in order for them to be used more efficiently, Prime Minister Emil Boc told the ministers managing European money, in a meeting of the committee on community funds on Tuesday.

Romania 2Q Net Investment Down 9.8% On Year To RON13B

10:15, 02 Sept. 2010
Romanian net investments fell 9.8% to 12.96 billion lei (EUR1=RON4.2636) in the second quarter compared with the year-earlier period, due to slow activity in all sectors, the country’s statistics institute INS said Thursday.

Romanian Ministry: No. Of State-Built Homes To Be Cut To 1,400 From Initial Target Of 7,000

12:51, 20 Aug. 2010
The recent cut in state budget funds needed to build homes for youngsters, via the National Housing Agency ANL, allows the construction of only 1,400 homes in 2010, compared to the Regional Development Ministry’s initial estimates to build 7,000 homes, the ministry said in a press release Friday.

Romania Regional Development Ministry Halts Several Investment Programs Over 10% Budget Cut

20:09, 19 Aug. 2010
Romanian Regional Development and Tourism Minister Elena Udrea said her ministry has halted several investment programs, including the construction of homes via the National Housing Agency ANL, after its budget was cut by 10%.

Romania To Use Any Future Intl Loans For Investments Only – PM

12:02, 06 Aug. 2010
Any future loan Romania might take will be used to fund investments and development projects only and money going into consumption will come from the country’s own economy, Prime Minister Emil Boc said Friday.

World Bank: Romania Attractive For Long-Term Investments

16:31, 22 Iul. 2010
Romania remains an attractive country for long-term investments, but it’s less appealing to investors looking for quick scores, an official at the World Bank said Thursday.

Romanian Ministries To Redirect Investment Funds To Flood Reconstruction Effort – PM

15:20, 04 Iul. 2010
Romania’s Prime Minister Emil Boc said Sunday, during a visit to a severely flood-hit village in northeastern Suceava county, that all ministries will reprioritize their investments and allot the funds to rebuilding the infrastructure and houses damaged by the floods.

Romanian Environment Min To Resume Authorization Procedures For Gold Mining Investment

14:59, 21 Iun. 2010
Romania’s Environment and Forest Ministry will resume authorization procedures for investments in the Rosia Montana gold mining project in the western are of the country, Environment Minister Laszlo Borbely told a news conference Monday.

Romania 1Q Net Investment -29% YY To RON9.4B

10:02, 02 Iun. 2010
Romanian net investments fell 29.1% to 9.37 billion lei (EUR1=RON4.191) in the first quarter compared with the year-earlier period, due to slow activity in all sectors, the country’s statistics institute INS said Wednesday.

Romania Restricts Investments In 2010, Carries On Only Few Projects – PM

22:53, 09 Mai 2010
Prime Minister Emil Boc said Romania will restrict investments in 2010, due to budget constraints, and will build only 4,000 homes, via the national housing agency ANL, 500 kilometers of county roads, out of 10,000 km, and maximum 1,000 homes, of a total 25,000, for specialists in rural areas.

UK Firms Don’t Invest In Romanian Infrastructure Over Difficulty In Getting Paid

12:45, 27 Apr. 2010
British companies don’t invest in Romanian road infrastructure because it’s often difficult for them to get paid for the work they do, the Lord Mayor of the City of London, Nick Anstee, said Tuesday in Bucharest.

Romanian Private Hospital Mkt Expected To Grow In 2010

21:09, 31 Mart. 2010
The Romanian co-payment system, medical tourism and private health insurance will encourage companies to build hospitals, and medical service suppliers plan investments worth EUR200 million in the next two years.

Romania ‘09 Investments Down 29% On Yr – INS

10:00, 04 Mart. 2010
Romanian local investments in 2009 decreased 29.1% compared with a year before, according to the preliminary data published by the country’s statistics institute INS Thursday.

Romanian Pvt Pension Funds Lack Enough Liquidity For Long-Term Investments

11:46, 02 Mart. 2010
Private pension funds in Romania don’t have enough liquidity yet to invest in long-term treasuries and prefer short-term investments, Bogdan Dragoi, state secretary with the Finance Ministry, said Tuesday.

Romania, Georgia, Azerbaijan To Ink Gas Deal In March

13:57, 18 Feb. 2010
Romania, Georgia and Azerbaijan will sign in March an agreement for the construction of two liquefied natural gas (LNG) terminals in the Romanian southeastern Constanta seaport and a location in Georgia, an investment estimated at EUR4 billion to EUR6 billion.

Romanian Infrastructure Requires Major Investments – Foreign Investors Council

14:32, 01 Feb. 2010
Romania’s transport infrastructure requires major investments and the country could get money from the EU, the Foreign Investors Council said Monday, adding Romania’s poor infrastructure makes any trip take twice as long as in Western Europe.

Half Of Romanians Have Lower Income, More Than Half To Avoid Risky Investments – Poll

14:58, 21 Ian. 2010
Almost half of Romanians say the economic crisis has had a negative impact on their income and expect things will not change in the future, while two thirds of them say they will avoid risky investments, according to a poll conducted by research company Unlock Market Research.

Romania 3Q Investments Dn 30% On Year To RON16.14B

10:01, 04 Dec. 2009
Investments in Romanian economy fell 29.9% on the year to 16.14 billion lei (EUR1=RON4.2171) in the third quarter, on nearly halved investments in machinery and vehicles and other investments, the National Statistics Institute, or INS, said in an estimate Friday.

Romania Needs To Uphold Investments To Overcome Crisis – Pres

18:46, 22 Aug. 2009
Romanian President Traian Basescu said Saturday that the country has the capacity to exit fast from the crisis and it needs to do so by stimulating investments in agriculture and infrastructure.

Romania’s Govt Spent 45% Of ’09 Invest Funds By End-Jun – PM

13:50, 21 Aug. 2009
Romania’s Government has spent EUR4 billion for investment projects until the end of July, representing 45% of the total amount assigned for investments in 2009, while the local authorities have used only 15-17% of the funds, Prime Minister Emil Boc said Friday.

Agriculture Should Become A Priority To Romania – Social Democrat Head

19:19, 23 Iul. 2009
Agriculture should become a strategic sector and a priority to Romania, said social democrat leader Mircea Geoana on Thursday, at the inauguration of a new irrigation system in Dabuleni, southern Romania.