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Warehouse Market News

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.

Salaries in the private sector have an 8 percent increase în Q3 of 2016

Salaries in the private sector saw an 8 percent increase and bonuses went up 22 percent, in the third quarter of this year compared with the same period of last year, according to Smartree Workforce Index, an analysis conducted by Smartree, a company operating on the market of HR outsourcing.

ArcelorMittal will continue to invest in steel production in Galati

ArcelorMittal will continue to invest in the production of steel in the Galati plant, after investing EUR 400 million from date to present, Indian billionaire Lakshmi Mittal said in a letter addressed to the plant’s employees.

Romania’s M&A market shrinks 50 pct to USD 1.1 bln in H1 2016

The Romania market for mergers and acquisitions (M&A) has fallen by almost 50 percent to USD 1.1 billion in the first half of 2016, as opposed to USD 2.1 billion in the first half of 2015, according to the EY’s M&A Barometer.

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