investments
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$4 million investments in Paltinis
Paltinis Hotel in Sinaia will undergo a $4m modernisation programme as of 2004, in order to be included in the Howard Johnson Hotels & Inns international chain. "The modernisation will begin...
Eforie investments to pay up in 14-15 years
Investments in the two hotels in Eforie Nord bought by the Ana Group will be recovered in 14 or 15 years, George Copos, the group's owner and founder estimates. "A tourism investment normall...
$50 million investments at Electrica
Electrica will invest 1,578bn ROL ($48.3 million) from its own resources this year. The bulk of investments, more than $19.1 million, will be directed to upgrading medium and high voltage ne...
Romania, third destination for EBRD investments
Romania ranks third in terms of EBRD (European Bank for Reconstruction and Development) investments (cumulative commitments), with 2.017bn euros throughout 1991-2001, but ninth in terms of p...
$10m exploration investments in Moldova
The largest natural gas producer in Romania, Romgaz Medias yesterday signed a contract with Ramco Romania SRL, Europa Oil & Gas (UK) and Millennium International Resources (registered in the...
$12m Israeli investments in hotels
Israeli-held M.T.IL Group is planning to invest some $10-$12 million in the hotel sector this year, chairman Tonya Halpern said. M.T.IL already holds two hotels in Bucharest, Central and Ope...
Low advertising investments
Tourism will lag behind again this year when it comes to running advertising campaigns in the media, given that the managers in this industry are rather concerned with how to reinvest profit...
Argus focuses on investments
Argus Constanta, the second-leading player on the Romanian edible oil market will choose to direct its 2002 profit to investments, with only up to 30% of income set aside for dividends, Vasi...
$2.5m investments in Mopan Suceava
Racova Com Agropan Group has invested $2.5 million in milling and bakery company Mopan Suceava this year, chairman Adrian Porumboiu announced. Porumboiu said the company's output had increas...