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Foreign Investors Council president: Romania can reach top 10 economies in the EU

Romania’s economy could climb from the 17th place in the European Union, where it is now, to the top 10 within the next 20 years if it takes the necessary measures for an annual growth of 4.5-5%, Eric Stab, President of the Foreign Investors Council (FIC), said yesterday.

Prista Oil Group Leases Storage Space Of 2,500 Sqm In Equest Logistics Center

Prista Oil Group has leased a storage space of 2,500 square meters within the project Equest Logistic Center held by the group East Balkan Properties, at kilometer 13 of the Bucharest – Pitesti highway, a transaction brokered by DTZ Echinox.

Romania has 73 industrial parks, Hungary has 220

Romania currently has 73 industrial parks whereas Hungary, which is two and a half times smaller in size, had 220 industrial parks in 2013, said yesterday the deputy premier Costin Borc.

Sanofi to sell the drugs factory Zentiva from Bucharest

The French group Sanofi intends to sell the generic drugs division from Europe, which will have effects also on the Romanian market, with Zentiva factory being owned by Sanofi since 2009 and being put up for sale mow, according to a release published on the Bucharest Stock Exchange.

EUR 6 mln industrial park in northern Romania remains empty one year after inauguration

The municipality of Bistrita, a city in Northern Romania, invested EUR 6 million for setting up an industrial park, but no company has been interested to move its business into the new park in the last year.

Prodplast buys production facility of MJ Maillis for EUR 1.5 million

Plastics manufacturer Prodplast SA has purchased the production facility of MJ Maillis, a company specializing in industrial packaging solutions and complete end of line solutions.

Britain’s Faist considers investment in a new factory in Romania, Slovakia, Poland or Hungary

British group Faist, one of the suppliers of Nokia Siemens Network and Ericsson Network, which entered Romanian market in 2015 with factories in Bihor and Arges, considers Romania for the development of a new production facility.

Polish fund manager Pioneer Pekao enters Romanian market

Pioneer Pekao, one of the biggest investment fund managers in the region, has entered the local market.

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