Cargus, one of Romania’s top domestic delivery companies, has reported a 20% growth in revenue for 2013, making it the best year of its history. The courier company has reached a record EUR 25.7 million revenue, almost 6 million more in comparison to 2012.
Romanian adjusted industrial production rose 2.3% in January compared with a month earlier, on higher manufacturing output, the country’s statistics institute INS said Tuesday. Industrial production rose 10.1 percent compared to January 2013.
On April 4, Star Transmission, another subdivision of Daimler group in addition to Mercedes-Benz, will start construction work at a new factory in Alba County that will manufacture gear boxes for Mercedes limousines, according to a press invitation.
The industrial turnover for the combined domestic and external market was up by 12.2 percent in nominal terms in this January from January 2013, but it was down 2.3 percent as compared to the prior month, the National Institute for Statistics announced on Monday.
New public tenders for infrastructure projects may be put on hold, due to lack of funding and political changes, although the underdeveloped transport network hits big exporters, notes AECOM, the technical and management support services company, which advises the government on Romania’s transport masterplan, reports Mediafax newswire.
SECURE Property Development & Investment PLC (AIM: SPDI), a South Eastern European focused property and investment company, today announces that it has reached an agreement to acquire the Innovations logistics park in Bucharest, Romania, from Myrian Nes Ltd and Theandrion Estates Ltd. The acquisition will be the Company's first outside of Ukraine and marks the commencement of SECURE's stated strategy of both growing and diversifying its portfolio across the economies of South Eastern Europe.
A continued recovery in the CEE industrial sector is expected with increasing demand and low vacancy. Although the major international industrial developers have sites across the region, they are still focusing speculative development on Poland and Western Europe. Development activity in CEE is driven by built-to-suit projects with limited speculative investment. In general development activity is on the up in the Czech Republic while the Hungarian market is stagnating as it suffers from high vacancy rates.
PointPark Properties (P3), the specialist investor, developer and asset manager of warehouse properties, saw a resurgence in its development activity in 2013, including some speculative building, as the logistics market tightened across the EU, but particularly in Central European markets such as the Czech Republic and Poland. Already high P3 occupancy rates picked-up, and the increasing dearth of available space meant a slight fall in new leasing deals relative to 2012’s robust volumes.
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