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Articles

Investment fund EEP sells its only property in Romania

Eastern European Property Fund Limited (EEP), a real estate fund registered in Guernsey, a small island in the English Channel, has sold its only property in Romania, namely the logistics and business center in the Gara Progresul area in the south of Bucharest, for EUR 1.5 million. EEP hasn’t revealed the name of the buyer.

ATALIAN Global Services has quickly grown market shares in the industrial sector in 2016 in CEE, and strengthened its leadership in Croatia, Romania and Serbia.

After the recent acquisition of LUXOR and MOPEX respectively in Croatia and Serbia, ATALIAN is now the largest Facility Management company in the Adriatic Region with over 33 million Euro Turnover. ATALIAN also added to its portfolio the capacity to deliver Catering services in several countries and is looking for new acquisitions in that area as we speak.

CTP has 100 hectares of land for new warehouse projects

CTP, one of the largest investors in industrial and logistics spaces, will develop in the following years both through acquisitions and constructions in order to reach the target of one million square metres in Romania.

Industry turnover increases by 3.8pct in January-October 2016

Turnover in industry has grown 3.8pct in the first ten months of 2016, as compared to the similar period of 2015, in nominal terms, according to a release sent on Monday to Agerpres by the National Statistics Institute (INS).

Average net wage goes up in Romania in October

The average net wage in Romania was RON 2,108 (EUR 469) in October, up by RON 14 or 0.7% compared to the previous month.

Austrian group GoodMills closes Titan bread factory in Romania

Austrian group GoodMills, controlled by the banking group Raiffeisen, has decided to close its local factory Titan, one of the oldest and best-known factories in the local market, reports local Ziarul Financiar.

Green light for new Pitesti-Craiova highway

Romania’s national roads company – CNAIR has launched a public auction for a feasibility study and projection services for the new Pitesti-Craiova highway in Southern Romania.

Romania’s transport minister promises more highway inaugurations next year

Some 150 kilometers of new highways will be inaugurated next year, some 10 times more than this year, according to transport minister Sorin Buse.

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