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Romania, still on the penultimate place in the EU in terms of minimum wage

Since January 1, 2018, Romania has the largest percentage increase, of 31%, of the gross minimum wage in Central and Eastern Europe, but the net growth is much lower.

Work begins on the Domneşti Pass in Bucharest's western ring road

The Ministry of Transport recently announced that the National Company for Road Infrastructure Administration (CNAIR) issued the starting order for the passage in Domneşti, estimated at 91.55 million lei, excluding VAT.

Austrian Voestalpine Rotec to buy Barum Technik’s factory in Timisoara

Austrian Voestalpine Rotec GmbH (Metal Forming Division) has bought a division of Barum Technik from Timisoara in a transaction of several million euros.

German Xella buys the Macon group and become the largest producer of AAC in Romania

German construction materials producer Xella International signed an agreement with two private equity funds in Poland managed by Enterprise Investors on the acquisition of the Macon Group, the largest producer of AAC in Romania and one of the largest manufacturers of building materials on the local market.

Turkish supplier of Arctic to open EUR 50 million factory in Dambovita

Current Metal, a home appliance parts manufacturer, supplier of Arctic, will build a factory in Dambovita County, employing 900 people.

Zacaria to deliver the first building within Network Industrial Park Sibiu

Zacaria real estate developer signed one of the largest rental contracts in 2017 for industrial space in Sibiu, with the German company Kuka Systems, expanding its operations in Romania. The new Kuka production facility, over 10,000 square meters, located in Network Industrial Park in the East of the city, is a built-to-suit project.

ID Logistics, a new player on the Romanian logistics market

French logistics provider ID Logistics, with over 1 billion euros of business last year, entered the Romanian market, taking over the management of a warehouse of 60,000 square meters for the Carrefour retailer.

CTP wins ‘Best Warehouse Development and Developer’ and ‘Best Leadership’ awards in 2017

CTP, the leading premium industrial parks developer and long-term manager in Romania and Central and Eastern Europe, was awarded with two important distinctions by an international publication, at the most prestigious gala dedicated to the Romanian real estate market.

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