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Articles

Romania to open its new section of the A3 motorway in Transylvania this autumn

The Gilau Viaduct, part of the Transylvania Highway, will be finalized this autumn.

Romania ranks 5th in the EU in public transport and infrastructure spending

Romania ranks fifth in the EU in 2016 - the year when zero kilometers of motorway were built - with 3.1% of GDP allocated to transport and infrastructure investments (road, water, rail, air, including pipelines), according to a report released by Eurostat.

Low take-up in the first half on 2018 on the logistic and industrial market in Romania

According to a recent study published by Business Review, in the first half on 2018, demand for industrial & logistics spaces in Romania was of approximately 120,000 sqm. Compared to the same period of the previous year, about 320,000 sqm, the numbers indicate a dramatic fall of the transactions market.

Global Vision to develop Black Sea Vision, an industrial project of 200 million euros located in Constanta

The Global Vision developer, controlled by Romanian businessman Sorin Preda, bought last year a nearly 100-hectare plot near Constanta Port and started the procedures to develop an industrial project with an estimated value of 200 million euros.

The local market of industrial and logistics spaces exceeded the threshold of 3 million sqm

The local market for industrial and logistics space has reached a new threshold reaching mid-2018 at 3.12 million square meters, with nearly 90% of the current stock concentrated in Bucharest and five other cities, namely Timisoara, Cluj, Ploiesti, Brasov and Pitesti, according to the Romania Industrial & Logistics Market S1 2018 report by Cushman & Wakefield Echinox.

Alka Group - an investment of 11.5 million euros for a new factory in Ploiesti

With an investment of more than 11.5 million euros, Alka Group has started the construction of new production unit for salted biscuits and snacks, located in Ploiesti.

Sibiu-Pitesti highway construction could take over 4 years

Transport Minister Lucian Sova says that the completion of the Sibiu-Pitesti highway, one of the most anticipated infrastructure projects, could take over four years, a project he described as an "equation with many unknowns".

Romcarbon sold 7 hectares of land in Iasi to Flux Real Estate

Romcarbon Buzau signed a EUR 2.4 million contract for the EUR 7.3 million transaction announced in the spring, selling to Office & Logistics, part of the Flux real estate group, a plot of land with an area exceeding 7 hectares.

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