Companies from China will invest more than EUR 100 million and nearly 18 million dollars in four new projects in Romania, including an auto parts factory in Brașov, a real estate complex in Bucharest and a solar park.
Romanian Investment Fund, an offshore company registered in one of the most popular tax havens, the Cayman Islands, with registered office at mailbox 30745 Camana Bay, bought from the Swiss bank Julius Baer a stake of 25.1% in Romanian shirt manufacturer Braiconf Braila (BRCR ).
The real estate consultancy market in Romania, where nearly ten local and international top companies are active, is estimated at approx. EUR 30 million and the consultants expect growth, considering the large office transactions registered only in the beginning of this year, as a sequel of those of 2015.
„It is a more difficult period because the purchase power in Romania is smaller compared to the level in other countries, but we are lucky to have export to Germany, Great Britain, The Netherlands, Spain and Italy. Exports are growing“, said Neculai Apostol, founder and development and strategy director of a group of companies with more than 1,100 employees.
MTR Press relaunched the Real Estate Magazine in the print version. The magazine can be found in the press and distribution network Inmedio. The first number has a distribution of 12.000 copies, 148 pages, covering all the domains and subjects of interest in the real estate market and the related industries
German car parts producer Draexlmaier has attracted a financing of EUR 40 million from the European Bank for Reconstruction and Development (EBRD) through an issue of hybrid bonds.
Brit Graham Lawrence Aylett is the new manager of carmaker Dacia’s logistic division in Romania. He has replaced Romanian Stefan Gaibu, who was promoted on an executive position in Renault group’s European logistic division, headquartered in France.
Fornetti Romania, a company owning the largest pastry network locally, sold last year outside borders pastry products of EUR 14 million, representing 47 pct. of the company’s business last year.
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