6/30/09

Economic Activity in Romania, June 30th, 2009

Business

  • State-owned gas transport company Transgaz Medias will invest an estimated €48.5 million in technical equipment.
  • State-owned company Imprimeria Nationala will invest €40.8 million in the acquisition of equipment and software infrastructure for the printing of biometric passports. Project completion is expected within five and a half years.
  • Romanian canned foods producer Scandia Romana will invest an additional €32.5 million in completing upgrades and renovations for its factory in Sibiu, and in the acquisition of equipment. The initial investment was €30 million.
  • Romanian construction materials producer Cemacon will invest €27 million over several years in increasing the production capacity of its factory in Bacau.
  • Romanian energy distributor Transelectrica invested an estimated €24 million in modernizing its energy stations in Gutinas (Bacau County), Bacau Nord, Suceava Nord and Roman (Neamt County), thus activating its 400kV Moldavian energy circuit.
  • American beverages giant Coca-Cola and American energy distributor CountourGlobal invested €16 million in an electric and thermal energy production plant located near the Coca-Cola factory in Ploiesti, Prahova County.
  • Italian construction and real estate group Euroholding will invest €15 million in the construction of two new prefab construction materials and concrete factories located in Timisoara, Timis County.
  • Romanian coating products manufacturer Köber invested €10-12 million in the first stage of expanding the production capacity of its unit located in Savinesti.
  • Romanian construction materials distributor Arabesque invested €10 million in a new commercial and logistics centre in Oradea with a surface of 30,000 m². This investment is part of their commercial centres network expansion plan for the period 2008 - 2009. Arabesque also plans to invest an additional €10-12 million in a similar centre located in Baia-Mare, Maramures County during the second half of 2009.
  • Danish industrial group Danfoss finalized a €10 million investment in its new Romanian headquarters located in southern Bucharest. The complex includes a production unit for heating systems equipment, a warehouse, and a sales office.
  • Romanian poultry meats and products producer Transavia will invest €10 million in modernizing its local factories and increasing their production in Brasov.
  • The city of Predeal (Brasov County) will invest €4 million in bringing their ski slopes to the international standards required for organizing the Olympic Youth Festival in 2013.
  • Romanian discount retailer Minimax invested €1.5 million in two new stores: one in Cisnadie, Sibiu County, which opened last week; and one in Vulcan, Brasov County which is set to open in July.
  • Romanian fashion company Rafar, part of RTC Holding, invested €1 million in opening its seventh Debehams store. It is located in Baneasa Shopping City commercial complex in northern Bucharest on 1000 m².
  • Romanian HoReCa (hotels, recreation, catering) company Transilvania Hotels & Restaurants invested €500,000 in introducing the Laura Chavin cigar line to the Romanian market, and plans to invest an additional €2 million in the next three years.

Real Estate

  • British investment fund Tri Investments invested €15.5 million in the acquisition of 69 apartments in the residential centre Perla Residence located in northern Bucharest.
  • Romanian businessperson Ionut Prisecariu invested €9 million in the Rapsodia Hotel in Botosani (150 rooms of 3 and 4 stars), expanding his hotel network to four units.
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