Ian Worboys, the head of P3, the owner of the largest logistics and industrial park on the local market, acquired last year, P3 Bucharest (former Europolis Logistic Park), says that the company will continue to develop projects, the west of the country being the main target, due to the automotive industry developed in the area.
The Sibiu-Pitesti highway could be ready in late 2023, and the total value of the investment exceeds EUR 1.6 billion, according to a document of the European Funds Ministry.
The European Bank for Reconstruction and Development (EBRD) has allotted a US 8.5 million loan to the aerospace company Sonaca as it expands to Romania, boosting Romania’s “fast-growing manufacturing sector”, says a press release from the EBRD.
Between January and November 2015, exports and imports increased, FOB exports amounting to EUR 50.6 billion and CIF imports to EUR 57.8 billion, according to data from the National Institute of Statistics (INS).
The capital of the company Log Center Brasov, the owner of a plot intended for a logistic project, part of the portfolio taken over in November by Blackstone from Immofinanz, was increase with nearly EUR 10.3 million.
Romania was the only EU member state where the industrial prices stalled in November 2015 compared to the previous month. However, the prices dropped by 2.3% year-on-year.
The end of November is an important time for logistics and supply chain management in CEE: each year, the top professionals and solution providers are coming together at the TRANSLOG Connect Congress in Budapest, to discuss the most important challenges, create new partnerships and shape the future of the industry.
Romanian industrial producer prices on the domestic market remained stable in November over the previous year, while year on year there was a 2.3 percent drop, according to estimates from Eurostat, the statistical office of the European Union.
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