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Warehouse Market News

Romania’s industrial production up 7.4% in nine months

The industrial production increased by 7.4% year-on-year in the first nine months of 2014, as gross series, and by 8.5% as adjusted series by number of working days and seasonality, mainly due to the growth in manufacturing industry (up 8.8%) and in mining and quarrying (up 0.6%), according to data from the Statistics Institute INS.

Cemacon reports 37 percent increase in nine-month turnover

Ceramic blocks producer Cemacon reported a 37 percent increase for the first none months of the year, compared to the same period of the previous year. The company posted for the first nine months of the year a net result of RON 3.76 million and a gross turnover of over RON 51 million.

General Turbo fires 30 percent of its staff on reduced orders

Turbine and generator builder General Turbo from Bucharest will cut down the number of employees from 650 to 450, given the “dramatic drop” in orders on the local and foreign markets, according to information sent to Mediafax.

EU to co-finance Romania’s Suceava – Botosani road revamping

The European Union will co-finance a EUR 20 million project to modernize the road connecting the cities of Suceava and Botosani in Northern Romania.

New UPS regional facility opened in Timisoara

This new facility offers larger operational capacity to better serve companies in Western and Central Romania.

Romania’s industry turnover up 8.9% in first nine months

The Romanian industrial turnover in the first nine months, for both domestic and foreign markets, has increased by 8.9%. The growth was registered mainly due to the increase in the manufacturing industry – up 9% and the mining and quarrying sector – up 7.6%, according to data from the National Statistics Institute INS.

Romania has 20 times fewer manufacturing companies than Estonia and Portugal

The Romanian economy has only three small and medium companies active in the manufacturing area per 1,000 inhabitants, while trade companies are three times more numerous, which shows that local business cannot surpass the survival stage with only companies which do not bring VAT.

Federal Mogul invests USD 20 mln in Ploiesti factory

U.S. Group Federal-Mogul will invest over USD 20 million in two new production lines at its friction pads factory in Ploiesti, recently taken over from Honeywell, writes Mediafax.

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