Local Council (CJ) Cluj has approved on Monday the starting of execution works for the extension and modernization of Tetarom I Industrial Park, through an investment of 42 million lei, with half of the amount EU grant.
The area of the logistics space transacted in the first six months totalizes approx. 100,000 sq. m, a level similar to the one registered in the similar period of last year, has declared Marian Orzu, director of CBRE, who estimates that the transactions will reach 300,000 over the entire year.
Cement makers Lafarge and Holcim on Monday announced asset sales they are proposing to competition regulators as part of their merger plan, including all of Holcim’s French activities and Lafarge’s German ones, according to Reuters.
Real estate transactions in Romania totalized in 2Q EUR 66 million, with significant drop compared to 1Q, when over EUR 300 million level was registered, according to CBRE.
Metallic tile producer Bilka Steel, inaugurated a new production line in Brasov on Monday. The new facility will increase production capacity by 30 percent, according to a press release from the company.
The SEE region offers investment possibilities across such countries as Serbia, Croatia and Romania with the office and industrial sectors providing potentially higher returns with increased risk than the more established but increasingly competitive markets in Central and Western Europe.
Japanese group Simotomo, owner of a car wiring factory in Caransebes, will continue its investment in Romania with a new production unit at Drobeta Turnu Severin set to open on August 18. The group will hire 2,000 people for the new factory, located in a hall on the Paper Compound platform.
Keswick Enterprises Group member company, Tibbett Logistics, announced on Friday that it has extended its logistics business in Romania with an unnamed leading European multi-national retailer to include the storage and distribution of non-food imports from Asia Pacific and European suppliers.
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