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Warehouse Market News

Romania’s industry loses 300,000 jobs

Romania’s industry had 1.3 million employees in 2014, some 300,000 fewer compared to 2008, according to data from the National Statistics Institute (INS).

P3 plans new 42,800 m2 warehouse in P3 Bucharest park

P3, the specialist owner, developer and manager of European logistics property, is preparing to start construction of a third new warehouse at P3 Bucharest park.

Romanian company builds electric scooter factory in Craiova

Local company Nextrom Industries will build an electric scooter factory in Craiova, Romania, this year, following a EUR 5 million investment.

Chep Romania enters dairy industry’s logistics market

Chep Romania, the subsidiary of the global leader in pallet and container pooling services, has announced it will enter the logistics services market of the dairy industry, as partner of Delaco, one of the industry’s main players.

Penny Market, first player in Romanian modern retail to open warehouse in Moldova

German discounter Penny Market, owning in Romania more than 180 stores with two brand names - Penny Market and XXL Mega Discount –, initiates the construction of an warehouse in Bacău, according to ZF sources.

Industrial producer prices in Romania down 1.7 percent in December 2015 y-o-y

Total industrial producer prices (for both the domestic and non-domestic markets) fell by 1.7 percent in December 2015 compared to December 2014, according to the latest data from the Romanian National Institute of Statistics (INS). Compared to November 2015, total industrial producer prices (domestic and non-domestic markets) also fell, by 0.3 percent.

Immofinanz finalises sale of logistics portfolio to Blackstone

IMMOFINANZ has successfully completed the sale of its logistics portfolio to Blackstone. Blackstone will integrate all the assets into Logicor, its European logistics platform. The closing took place on Monday, and leads to net cash inflows (after the repayment of loans) of approx. EUR 305 million.

Mega Image to open new logistics centre in 2016

Mega Image will continue its expansion at the same rhythm it had during the last years, planning to invest some EUR 50 million per year, Vassilis Stavrou, director of Mega Image said, as quoted by Mediafax. The company will also open a second logistic center in Stefanesti at the end of Q3, covering a 34,000 sqm area, the representative announced.

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