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Warehouse Market News

IMF: Romania’s economy will grow by 4.2% this year

The International Monetary Fund (IMF) has revised up its estimates on Romania’s economic growth for this year to 4.2%, according to its latest World Economic Outlook report.

New orders in manufacturing increased in Romania by 8.7% in February 2016

In February 2016, the new orders in manufacturing, in nominal terms, increased by 8.4% compared to the previous month and were up 8.7% from the same month of the previous year.

US group opens car wipers factory in Romania’s Ploiesti

US company Federal Mogul will inaugurate this Thursday a new factory in Romania, which will produce car windshield wipers.

German firm could move production from Romania to Moldova, Ukraine

German cable producer Leoni AG could move a part of its production from Romania to another country with lower labor costs, such as Moldova or Ukraine, according to Dan Onoriu, minister counselor within the Romanian Embassy in Berlin.

Lasselsberger completes in April the EUR 1.4 million investments in Sanex factory from Cluj-Napoca

Ceramics manufacturer Sanex from Cluj-Napoca, part of the Austrian group Lasselsberger, will complete this month the new infrastructure within its production units, aiming the environment performance improvement.

Austrian SW Umwelttechnik to invest EUR 1.5 million in new factory in Romania

Austrian precast manufacturer SW Umwelttechnik started the construction of its third factory in Romania, in Cristești, Iași county, the value of the investment being estimated at EUR 1.5 million, according to a company’s release.

S&P affirms Romania at 'BBB minus', with stable outlook

Standard & Poor’s Ratings Services on April 8 affirmed its ‘BBB-/A-3′ long- and short-term foreign and local currency sovereign credit ratings on Romania, with a stable outlook, the rating agency said in a statement.

General Electric plans to hire another 200 engineers in Romania

American group General Electric (GE) has reached 900 employees in Romania. Some 350 of them joined the company following the takeover of the industrial group Alstom by GE, a global transaction worth USD 9.5 billion.

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