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Warehouse Market News

First Code of Ethics for Romanian real estate agencies launched by RABO

The Romanian Association of Building Owners (RABO) has launched the first Code of Ethics dedicated to the Romanian real estate domain on Friday, which aims to establish the standards on ethics and the RABO members’ behaviour.

Firms in Romania can get state aid for investments over EUR 1 mln

Companies will be able to receive state aid for investments over EUR 1 million in their production units, said the Economy Minister Costin Borc.

EUR 6 million investments in logistics and production centre near Bucharest

Spanish manufacturer Cortizo is nearing the completion of its production and logistics centre for aluminium profiles painting, storage and distribution in the proximity of A1 highway near Bucharest, after one year since the beginning of works.

JLL Romania expands its industrial department

Real estate consultant JLL appointed Costin Bănică as business developer industrial agency in Romania, starting this July.

Romania drops 20 places in WB logistics performance index

Romania ranks 60th for its logistics performance among the 166 countries included in the World Bank’s logistics performance index – LPI 2016. In 2014, Romania was 40th in the same ranking.

Greek group wants to invest EUR 15-20 mln in Romanian dairy plant

Greek group Olympus, which owns a local dairy plant in Halchiu, Brasov county, plans to invest EUR 15-20 million in the next two years in the factory, reports local Ziarul Financiar.

Romania bans trucks from seaside highway during summer weekends

Romania’s national highways company CNADNR has decided that vehicles over 3.5 tons won’t be allowed on the A2 highway on Fridays, Saturdays, and Sundays, from July 1 until August 31.

Italian espresso machine factory in Romania ups turnover by 60%

Italian group De’Longhi’s Romanian subsidiary, which produces espresso machines at a factory near Cluj-Napoca, reached a turnover of EUR 111 million last year, up 57% year-on-year, three years after starting the production.

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