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Warehouse Market News

Romania and Bulgaria plan building two new bridges over Danube

Romania and Bulgaria will cooperate to draw up and implement feasibility studies for two new bridges the two countries intend to build together across the Danube, linking Turnu Magurele (Romania) to Nicopole (Bulgaria), and Calarasi (Romania) to Silistra (Bulgaria) respectively, the Ministry of Regional Development and Public Administration (MDRAP) informed in a release on Monday.

Fuchs expands at local level, buys Romanian spice producer

German producer of herbs, spices and delicacies Fuchs took over In March the spices division from Romanian producer Alex & Comp.

Bosch Rexroth has 16.6 ml Euros worth of state aid approved

The Public Finance Ministry approved 16.6 million Euros worth of state aid for auto parts manufacturer Bosch Rexroth to expand its electronic sub-assemblies manufacturing capacities at its location in Blaj (Alba County), the Finance Ministry announced in release.

PMs discuss plan for Bucharest-Sofia-Belgrade highway

Bulgarian Prime Minister Boyko Borisov and his Serbian counterpart Aleksandar Vucic stated on Friday they are interested in the development of transport and energy infrastructure with Romania, including a highway linking the capitals of the three countries, given that in 2016 a highway between Sofia and Belgrade will be completed.

ArcelorMittal Galati completes EUR 1.8 mln investment

ArcelorMittal Galati steel plant has completed a EUR 1.8 million investment, which allows the company to reuse some of the raw material used in production and to decrease water consumption.

Germany’s Nexans Autoelectric to build plant in Targu-Jiu

The new plant will manufacture automotive cables for Daimler

Czech developer invests EUR 15 mln in logistics park in Romania

Czech developer CTP will invest up to EUR 15 million this year in the soon-to-be-acquired logistics park Cefin Arad, which is in liquidation.

Bucharest and five counties have half of Romanian exports

The companies in Bucharest insure 17 pct of the total exports, and the counties Argeş, Timiş, Arad, Constanţa and Braşov bring in the commercial balance of Romania another EUR 18 billion, generating together with Bucharest 50 pct of the EUR 52,5 billion exports in the local economy.

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