Romanian Business News, 31st Mar 2009

Business

• Russian refinery Rafo Onesti will invest €350 million in modernisation projects and in new product portfolios.
  
• State-owned railway transport company CFR Calatori will invest an estimated €94 million in the aquisition of 500 railway cars and the modernisation of another 700.
  
• Romanian Ministry of Development will invest €57 million in modernising 80 kilometres of district road in Bacau, Teleorman and Dambovita Counties. The project is financed by European funds.
  
• Austrian wood products manufacturer Holzindustrie Schweighofer will invest €45 million in the development of three biomass-based power plants, two of which are to be located in Radauti (Suceava County) and Sebes (Alba County).
  
• Danish company Jantzen Development, operating in the agricultural sector, will invest €40 million in the development of a farm. The investment includes building costs and the plots to be cultivated.
  
• Italian renewable energy supplier Bardelli Group will invest €10 million in the development of a renewable energy equipment manufacturing unit in Plopeni, Prahova County.
  
• Swedish construction materials producer Somaco Grup Prefabricate will invest between €8 and 10 million over the next four years in equipment acquisition, automation, modernisation and logistics.
  
• Belgian retailer Delhaize invested €5 million in the acquisition of four supermarkets in Bucharest which belonged to a Romanian supermarket chain.
  
• German formwork and scaffolding supplier Hunnebeck will invest €3.8 million in service equipment, renting formwork, and in the development of a new headquarters for its Romanian subsidy in Cluj County.
  
• Romanian car producer Automobile Dacia invested just under €3 million in designing a crossover concept.
  
• Greek retail group Marinopoulos will invest €2 million in 2009 in the expansion of its Romanian cosmetics shop network by five units.
  Romanian coffee shop chain Turabo will invest an estimated €1 million in 2009 in the development of seven new units, for a total of 50 coffee shops.
  Lebanese agricultural foods manufacturer Agroli Group will invest €1 million in the development of a 20 store chain in Bucharest and the surrounding area.
  

Real Estate

• Romanian real estate developer Green City Construct invested an estimated €30 million in the development of 356 houses in southern Bucharest. The project is set to be completed by October 2009.
  

Miscellanea

• Romanian expat services company City Compass is offering their highly regarded Bucharest City Tour Saturday, April 4. The City Compass Bucharest Guide Book for Expats is also available now; for more information please contact office@citycompass.ro.
  
• The Romanian government will be granted a €19.95 billion loan by the IMF, the European Union, the World Bank and EBRD, out of which €12.95 billion come from the IMF and should be paid out over two years' time.