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Panipat to invest $3m
Panipat Group will kick off a $3m investment programme this year, aimed at the acquisition of equipment and expansion of the production capacity of the Bucharest-based plant, said Florin Bur...
Euroweb to go into VoIP
Shortly after PCNET's launch of voice over Internet Protocol (VoIP) services for international calls, another major Internet service provider in Romania, Euroweb has decided to enter the new...
Volksbanken to invest another 3m euros
The Austrians from Volksbanken AG are planning to invest almost three million euros to increase the capital of the group's Romanian branch. By the end of January at the latest, the Bucharest...
PNL likens PSD to weather forecast
PNL (National Liberal Party) and PD (Democrat Party) are questioning the honesty of the ruling party leaders when they say they gave up the early elections idea, as the PSD (Social Democrat...
La Festa to invest 20m euros
Juice and cappuccino maker La Festa has completed half the investments it started last year in Valenii de Munte. By the time the programme is completed, investments will have reached 20 mill...
Marco to merge Alro, Alprom
U.S. trading company Marco International is planning to merge the two aluminium plants (Alro and Alprom Slatina) it bought this year from the Romanian State, Peter Braun, Marco International...
International banks called to lend $1.3bn hand
The energy sector is after $1.3bn in funding from international financial institutions for the next four years, with the biggest project worth $300 million and aimed at the electrification o...
Romanians in no rush to invest abroad
The partial liberalisation of the capital account as of January 2003, that is the possibility to directly invest on the foreign capital markets will not show in the amount of cash transferre...
Iliescu likens political evolution to equation system
President Ion Iliescu on Saturday said that Premier Adrian Nastase had reached a "reflexion stage" and that the PM and his government team would eventually find "the appropriate solution," i...