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Warehouse Market News

Hourly labor cost 12% up in Romania in the second quarter

The hourly labor cost in Romania has increased by 12% in the second quarter of the year compared to the same period last year.

EBRD lends EUR 25 mln to aircraft parts producer

The European Bank for Reconstruction and Development (EBRD) has awarded a EUR 25 million loan to Universal Alloy Corporation Europe (UACE), which specializes in producing aluminum parts producer for the aircraft industry.

Industrial production prices down 0.5%

In July 2016, industrial production prices for the total (domestic market and non-domestic market) decreased by 0.5% compared to June 2016.

Builder of Transilvania highway segment accused of breaching contract, says minister of transport

The minister of transport, Sorin Buse, announced that the construction firm of Suplacu de Barcau-Bors segment within the Transilvania highway project didn’t meet all the provisions of the contract and requested the head of the Spanish company responsible for the construction, to decide the future of the project, according to a release of the Ministry.

German company gives up investment in a factory in Târgu Jiu

Auto parts manufacturer EKR-Elektrokontakt România, part of German group Nexans, with 2,500 employees in Romania, gave up an investment of nearly EUR 18 million in a factory in Târgu-Jiu, Gorj county, a project which should have created more than 800 jobs.

CNADNR to finish the works at Bucharest’s ring road between A1 highway and Chiajna by winter time

Works at Bucharest’s ring road between A1 and Chiajna /National Road 7, for the modernization to two lanes per way are advancing, so the traffic will be opened in the end of the year.

63 Romanian companies in Coface’s CEE Top 500; Romania, ranked fourth in the region

Romania has 63 companies listed in Central and Eastern Europe Top 500 according to their turnover, while the country ranks fourth in the region, according to international credit insurance company Coface.

Construction parts manufacturer Terwa România, took over by the American group Horizon Global

The American group Horizon Global reached an agreement for the takeover of the German company Westfalia-Automotive and of the construction parts manufacturer Terwa, present also in Romania, for EUR 125 million in cash and shares, from a consortium managed by the German private equity fund Deutsche Private Equity (DPE), which will become shareholder of the American company.

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