Romania is a market with increasing attractiveness for the foreign investors, as the experiences of other large players in the market were already positive. The market effervescence, the growing number of developers, as well as the big names entering the market in latest years, make Romania the ideal place for real estate investments, pundits believe.
Three local investors have inaugurated a new mineral water factory in Ocna de Fier, Caras-Severin county. The project has required a EUR 5 million investment, reports local Profit.ro.
Flying Trade Group, a food industry group from Great Britain, also active in the hotel and restaurants segment, intends to get state aid of EUR 6.8 million for the opening of a factory in Bihor county, aiming to recruit 244 people.
Great Britain was the fifth export destination for Romania in the first quarter of this year, with total exports of EUR 650 million, up 15.3% compared to the same period of the year.
The local construction market increased by 10% in 2015 over the previous year, reaching EUR 16.4 billion, according to Gabriel Colobatiu, president of the Precast Concrete Manufacturers Association (Prefbeton).
In April the indicator for the production volume of Romanian firms dropped to 61 points compared with 69 in March. In May, it dropped with one more point, reaching 60, with three points over the average of the 19 months, according to the Industrial Barometer.
P3, one of the leading pan-European logistics real estate owners, developers and asset managers, has reinforced its corporate marketing team in order to enhance future expansion plans, which will include significant growth inWestern Europe. The appointment of Kordula Kiefer-Kempf follows the recent recruitment of JulieSvárovská and Adam Foks together with the promotion of Hynek Bartík to Group PR & Marketing Director.
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