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Warehouse Market News

Romanian aluminum producer invests EUR 26 mln in research

Alro Slatina, one of the largest aluminum producers in Europe, will get a non-reimbursable funding of some EUR 8 million to finance a big research project.

Colliers International recruits new manager from P3 to boost industrial division in Romania

Colliers International, the real estate consultancy, has appointed Laurentiu Duica as associate director of the industrial division in a bid to develop its operations in this segment.

Swedish group IKEA makes first step towards furniture manufacturing in Romania

iKEA România, the company controlling the Bucharest store of the IKEA network, has expanded its range of activity with several fields, including the “Manufacturing of furniture for offices and stores”, according to the Romanian official gazette Monitorul Oficial.

INS: Net investments in Romanian economy up by 8.7 pct in H1

The net investments in the Romanian economy amounted to over RON 29.3 billion in the first semester, a growth of 8.7 percent compared with the same period of 2015, according to a press release of the National Institute of Economy (INS) on Tuesday.

Braas Monier buys Elpreco tiles factory in Craiova for EUR 8 million

German group Braas Monier, owner of Romanian tiles factory BRAMAC in Sibiu, signed an agreement for the acquisition of the tiles manufacturer Elpreco in Craiova from CRH, for EUR 8 million, the group announced.

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.

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