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Romania’s annual inflation rate hits new low in April

Romania’s annual inflation rate went down to -3.3% in April, when compared to April 2015, which represents a new low. In March this year, the annual inflation rate stood at -3%.

Largest logistics transactions in Bucharest totalled 100,000 sq. m in 2016

More than 100,000 sq. m were transacted since the beginning of the year in the logistics sector in Bucharest in agreements exceeding 5,000 sq. m each. Main projects transacted are owned by P3 and CTP.

DTZ: Land transaction, on the rise again in Bucharest: doubled value in the first quarter

The value of the transactions with land for commercial destination in Bucharest reached in the first quarter EUR 35 million, a double value compared to the same period of 2015, the largest operation being made by the Sweden’s investor Vastint, which bought 48 ha of land in Băneasa – Sisești for a mixed-use project (mainly residential), according to DTZ Echinox.

Romania’s Prognosis Commission lowers industrial production growth estimate

Romania’s National Prognosis Commission (CNP) has revised downwards by 1.3 percentage points its growth estimate for the local industrial production this year.

Immofinanz sells logistics center in western Romania

Austrian real estate developer Immofinanz will put up for the sale the property Armonia in Arad, western Romania.

Car upholstery factory in Romania kicks off production

French car parts producer Faurecia will start the production in its new factory in Budesti, near Ramnicu Valcea, this week.

Shareholders of Industria Iutei rejected Bucharest plot sale to Dedeman

Shareholders of the manufacturer Industria Iutei Bucharest have rejected the proposal of sale of a 2.7 ha plot in Trafic Greu area of Bucharest to the DIY retailer Dedeman, owned by Adrian and Dragoș Pavăl.

Inteva Products Opens Second Manufacturing Facility in Romania

Inteva Products, LLC, a leading global Tier One automotive supplier of engineered components and systems, recently began operations in a new facility in Oradea, Romania.

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