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Warehouse Market News

Automotive trade goes up 15.9 pct in April y-o-y

The turnover of trade with motor vehicles has gone up 15.9 percent on the year in April 2016, while market services provided to the population increased 11.3 percent (in adjusted series by number of working days and seasonality), according to data from the National Institute for Statistics.

German luxury appliance producer invests EUR 10 mln in Romanian plant

German luxury appliance manufacturer Miele plans to expand its electronic component factory in Brasov, Romania. The investment is estimated at EUR 10 million, and will be carried out in the next two years.

Romania’s industrial production accelerates in April

Romania’s industry registered a 3.4% increase in April 2016 compared to the same month of last year, which is the biggest monthly increase this year, according to the National Statistics Institute (INS).

Local authorities are looking for investors for three industrial parks in Sfântu Gheorghe and Târgu Secuiesc

Local authorities in Sfântu Gheorghe and Târgu Secuiesc are looking for investors for three industrial parks recently developed with EU support, according to their representatives.

Ford’s business in Romania drops for second year in a row

Ford Romania, the country’s second-biggest car maker, had a turnover of EUR 844 million in 2015, down by 7% compared to 2014.

Alro invests USD 53 mln in increasing energy and equipment efficiency

Alro, the largest aluminium producer in Continental Europe (excluding Russia and Scandinavia) has an investment program of over USD 53 million, for 2016, focused on increasing energy and equipment efficiency and on expanding portfolio, increasing competitiveness and product quality.

Chinese companies to invest in auto parts factory in Brasov and in real estate in Bucharest

Companies from China will invest more than EUR 100 million and nearly 18 million dollars in four new projects in Romania, including an auto parts factory in Brașov, a real estate complex in Bucharest and a solar park.

Offshore becomes major shareholder of the largest shirt manufacturer in Romania

Romanian Investment Fund, an offshore company registered in one of the most popular tax havens, the Cayman Islands, with registered office at mailbox 30745 Camana Bay, bought from the Swiss bank Julius Baer a stake of 25.1% in Romanian shirt manufacturer Braiconf Braila (BRCR ).

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