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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.

Mecaplast opens plastic parts factory in Romania for new Duster model

French group Mecaplast, specialized in the production of plastic car components, will open a factory in Romania this year to produce components for Dacia’s new Duster model, said Xavier Fouineau, Mecaplast Romania Country Manager, reports local Hotnews.

CTP has investment plans of EUR 250 million in Romania in the following two years

CTP, one of the largest investors in logistics and industrial spaces on the local market, has in plan to invest a quarter of billion Euros in Romania in the following two years, says Remon Vos, CEO of the company.

Industrial output decreased in December

Industrial output decreased in December, and the number of employees indicator shows that companies have carried out redundancies amidst temporary contract employees, shows the Industrial Barometer in Romania conducted by IRSOP Market Research and The National School of Political Science and Public Administration (SNSPA), sent to ACTMedia.

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