White Mountain Property
Business
Romanian batteries producer Rombat will invest €10 million in producing batteries for hybrid vehicles, and an additional €4 million in 2010 in the construction of micro-hydroelectric power plants as part of its “Green Energy” project.
American milling and bakery products company Vel Pitar will invest €7 million in 2010 in expanding its range of products and in optimising its utility costs.
Romanian businessperson Bobby Paunescu invested an estimated €4-8 million in acquiring two local press publications from Swiss media company Ringier: Capital and Evenimentul Zilei.
State-owned railway transport company CFR Calatori will invest an estimated €1.3 million in modernising 72 driving cabs for thirty-six locomotives.
Romanian processed meat manufacturer Cris-Tim will invest €1 million in the construction of a milk factory. The new factory will have a production capacity of 10,000 litres per day and is set to become functional in 2011.
Romanian electronics and home appliances retailer Altex will invest €500,000 in 2010 in opening new stores in Arad and Slatina (Olt County); and either Tulcea or Resita (Caras-Severin County); also they will invest €300,000 insecurity systems.
Polish bottled water producer La Fantana invested €500,000 in entering a new product into the market: 10-litre water bottles for home usage.
Real Estate
Romanian businessperson George Copos will invest €12 million in 2010 in modernising several hotels. The project will include the five-star units Hilton and Crowne Plaza, both in Bucharest, for which he will assign €4 million.
Exchange Rates
The National Bank of Romania (http://www.bnr.ro/) exchange rates as of February 15, 2010:
1 EUR = 4.1270 RON
1 USD = 3.0431 RON
Off Road Parking / Parcare in stradăFurnished / MobilatFitted Kitchen / Bucătărie echipatăClose to Amenities / In preajma facilitatilorDouble Glazing / Geamuri termopaneGas Central Heating / Centrală termică pe gazInternet, Cable TVNew Construction
Price: € 265
Old Town PropertyLoft / PodBasement / BeciNear School / In apropierea scoliiClose to Amenities / In preajma facilitatilorOff Road Parking / Parcare in stradă
Price: € 2,250,000
Gas Central Heating / Centrală termică pe gazDouble Glazing / Geamuri termopaneClose to Amenities / In preajma facilitatilorFitted Kitchen / Bucătărie echipată
Price: € 385
Old Town PropertyBasement / BeciGas Central Heating / Centrală termică pe gazNear School / In apropierea scoliiClose to Amenities / In preajma facilitatilorFitted Kitchen / Bucătărie echipatăFurnished / MobilatOff Road Parking / Parcare in stradă
Price: € 1,500
Schei PropertyLoft / PodInternet, Cable TVBasement / BeciGas Central Heating / Centrală termică pe gazDouble Glazing / Geamuri termopaneNear School / In apropierea scoliiClose to Amenities / In preajma facilitatilorFitted Kitchen / Bucătărie echipatăFurnished / MobilatOff Road Parking / Parcare in stradăGarage / Garaj
Price: € 750
New ConstructionInternet, Cable TVGas Central Heating / Centrală termică pe gazDouble Glazing / Geamuri termopaneNear School / In apropierea scoliiClose to Amenities / In preajma facilitatilorFitted Kitchen / Bucătărie echipatăFurnished / MobilatGarage / Garaj
Price: € 500
Old Town PropertyGas Central Heating / Centrală termică pe gazDouble Glazing / Geamuri termopaneNear School / In apropierea scoliiClose to Amenities / In preajma facilitatilorFitted Kitchen / Bucătărie echipatăFurnished / MobilatOff Road Parking / Parcare in stradă
Price: € 750