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Warehouse Market News

Romanian pharma producer plans EUR 2.3 mln investments

Local drug producer Zentiva Bucuresti, which is part of French group Sanofi, plans EUR 2.3 million investments this year in modernizing its production equipment.

Hourly labor cost in Romania, five times lower than in the EU

The hourly labor cost in Romania, excluding agriculture and public administration, reached EUR 5 per hour in 2015.

Almost 9 in 10 top CEOs are happy with business in Romania despite poorly rated administration

Some 88% of the 200 business leaders questioned in an AmCham Romania survey have declared that their investments in Romania were meeting or surpassing expectations, despite the poor perception they had about the public administration.

Rondocarton to invest EUR 10 million in its factories from Cluj and Targoviste

Rondocarton, part of the Austrian group Rondo Ganahl, with total turnover of EUR 330 million and nearly 1,200 employees, plans to invest EUR 10 million in the next two years for the development of its corrugated board factories in Cluj and Târgovişte.

Bucharest industrial property deliveries to reach seven years high in 2016

In 2016 deliveries of new space will exceed 300,000 sqm, a level which will increase the stock of industrial and logistics in Romania by some 15 percent, according to data released by real estate consultancy firm DTZ Echinox.

Polish Maspex Wadowice gets green light for takeover of Rio Bucovina

Polish food processing group Maspex Wadowice got the green light from the Romanian Competition Council, the anti-monopoly watchdog, to take over water bottler Rio Bucovina.

EuropaProperty announces short-list for 11th annual SEE Real Estate Awards

The short-list for the upcoming 11th annual EuropaProperty SEE Real Estate Awards, representing the most outstanding and accomplished projects, companies and individuals throughout the Southeastern European region in 2015, has been announced. Leading commercial property players are now braced to take part in the region’s premier commercial real estate awards event on April 21st 2016, at the Radisson BLU Hotel, Bucharest, Romania.

ZF Transport&Logistics'16: Romania could become a logistic hub in the region, but the bureaucracy and the infrastructure hinder development

Romania could become an important logistic hub in Europe, considering the instability in neighbouring zones, which encourages the logistics parks developers to come with investments in millions square metres in Bucharest and in the most important cities. However, the companies in the industry are facing bureaucracy, as well as the absence of infrastructure.

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