A study by CITR shows that over 50 percent of companies of impact in the Romanian economy (having assets exceeding EUR 1 million) are in difficulty. Although the number of insolvency cases has declined in the past three years, over 50 percent of companies falling into insolvency reported a double loss and an increase in indebtedness in 2015 over 2014.
The entrepreneur Eugen Banciu, the founder of the pharma group Dona, intends to complete the construction of a warehouse exceeding 7,000 sq. m by the end of this year.
EuropaProperty has successfully completed its 11th annual SEE Real Estate Awards at the Radisson BLU Hotel in Bucharest, Romania. The awards gala was a great success and was well received by all winners and their guests.
The automotive industry occupies a main part of the business of Tibbett Logistics in Romania, this sector generating in 2015 almost a quarter of the company’s total turnover, EUR 8 million respectively from the total of EUR 35 million registered.
Electric engine factory ANA Imep, controlled by Copos family, was taken over with majority stake by Japanese company Nidec Corporation, electric engine manufacturer with 49 years of history on Romanian and international markets.
Romanian state-owned electricity producer Hidroelectrica has asked its shareholders’s approval to start refurbishing the power plant at Mariselu, in Cluj county.
The developer and operator of logistics and industrial parks CTP announced the signing of 260,000 sq. m lease transactions in the first quarter of this year, reaching a total rentable area of 3.5 million sq. m in seven markets in Central and Eastern Europe, where the company is currently present.
Ian Worboys, the CEO of P3 Logistic Parks, one of the leading pan-European logistics real estate owners, developers and asset managers, has won the prestigious 2016 ‘Industry Professional of the Year’ CEEQA award. The awards are held annually in association with the Financial Times and are attended by over 700 of the sector’s key influencers and business leaders from more than 50 countries.
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