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JLL appoints new head of Industrial for Romania

JLL has announced that Costin Banica, business developer Industrial Agency, has been appointed to the role of Head of Industrial for Romania, effective 17 February 2017.

Atalian Takes Leading Position In Facility Management In Romania After Successful Acquisition Of MT&T Property Management

ATALIAN, a major provider of global services to companies, has become the new owner of MT&T Property Management in Romania & Bulgaria.

Austrian group buys Romanian PET preform producer

ALPLA, an Austrian group active in plastic packaging with sales of EUR 3.2 billion globally, has acquired the Brasov-based company Star East Pet, specialized in the production of PET preform for beverage, food, and non-food products.

Romania’s gross minimum wage increases to RON 1,450

The gross minimum salary in Romania increases from RON 1,250 to RON 1,450 (EUR 322) starting today. About 2.1 million employees will benefit from this measure, 300,000 of whom work in the public sector.

Romanian tissue paper producer gets EUR 24 million syndicated loan

Romanian company Pehart Tec, the producer of the Pufina toilet paper, has received a syndicated loan of EUR 24 million from local lenders BCR, Banca Transilvania, and Eximbank.

Dacia and Renault leave top Romanian automotive association

Romanian car producer Automobile Dacia and its affiliated company Renault Commercial Roumanie, both part of French group Renault, will withdraw from the Romanian Automotive Manufacturers and Importers Association (APIA).

Logistics and industrial space deliveries to hit post crisis high in 2017, says Colliers International

Some 500,000 sqm of logistics and industrial space are forecast to be delivered this year in Romania which will mark the highest post-crisis level, according to real estate consultancy Colliers International. About 80 percent of this will be delivered in Bucharest alone, but there is growing interest for regional cities as well.

Pipe producer TMK Artrom Slatina borrows EUR 25 mln from BCR

Steel pipe producer TMK Artrom Slatina, controlled by Russian group TMK, received a seven-year loan worth EUR 25 million from Romania’s largest lender BCR to increase its production capacity.

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