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Warehouse Market News

Timofte Family Pays EUR 6.5 Million to Buy Back the Control over Transilvania Construcţii

Andrei Iancu Timofte, the general manager of Transilvania Construcţii in Cluj (COTR), the son of Mircea Timofte, the president of the board bought 49.62% of the shares of the construction company from SIF Banat-Crişana (SIF1), after his mother, Gabriela Timofte, sold to SIF 29& of the shares.

Bucharest, Arges, Timis, Arad cover half of domestic exports

In the first half of the year, Romania exported goods worth EUR 23.71 billion, 5.92 percent higher than in the same period in 2012. Products on highest demand came from the car and electrical and technical industries.

Romanian Government’s Infrastructure Improvement Projects in 2014-2017

Four public investment projects will benefit from full financing from the State budget between 2014 – 2017, while other 21 projects will receive external non refundable grants, either refundable or State budget financing (FEN/FR/BS), according to the report published by the Ministry of Finance.

Romania, second in the EU in terms of September industrial output

In September 2013 compared with August 2013, seasonally adjusted industrial production fell by 0.5 per cent in the euro area (EA 17) and by 0.2 per cent in the EU 28, according to estimates from Eurostat, the statistical office of the European Union released on Wednesday.

Dacia says relocation of highway from Pitesti to Brasov would harm its activities

Dan Sova, Minister Delegate for National Infrastructure Projects and Foreign Investments, is in favor of building a highway between Sibiu and Brasov as opposed to Sibiu and Pitesti, even though the latter is preferred by the European Commission and can be financed through European funds, adevarul.ro notes.

Holcim Romania returns to profit in 2013, invests EUR 15 mln in clean energy project

Cement manufacturer Holcim Romania will most likely see sales drop for a second consecutive year in 2013, the company has announced.

Road carriers threaten to start protests in December

Road carriers threaten they will start protests in December unless the Ministry of Transport finds solutions to existing problems such as road infrastructure, excessive taxation, constantly amended legislation, and the lack of support for transport activities, Mediafax informs.

The FIC warns members may redirect investments following Romania’s tax drive

The Foreign Investors’ Council (FIC), the business advocacy group, said on Monday the local fiscal instability has wider consequences for Romania as an investment destination, after the government announced plans to enforce new taxes next year.

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