The Arcon group, an important player in the field of hydro and thermo insulation production in Romania, has assigned its polystyrene factories in Sfântu-Gheorghe and Bucharest to the company Hirsch Porozell, member of the Austrian group Hirsch-Servo. The transaction should be approved by the Concurrence Council.
Real estate investment volumes increased by 107 percent in Romania in H1 2016 compared to H2 2015, totaling EUR 359 million, according to a CBRE report. This is one of the highest levels reported over the past five years, according to report.
Local council in Cluj will complete in the next period the modernization project and the expansion with 16.8 hectares of the industrial park Tetarom I in Cluj-Napoca, an investment of EUR 9.4 million, 50 pct supported from EU funds.
Marcel Bărbuț, the owner of the construction materials producer Adeplast will invest EUR 15 milloin for the construction of a new factory within the industrial park in Oradea, following an agreement with the Local Council.
Romania’s Energy Ministry has signed two financing agreements worth EUR 21 million with the energy producer Complexul Energetic Oltenia. The aim is to modernize the power plants at Rovinari and Isalnita, said energy minister Victor Grigorescu.
The head of the National Company for Motorways and National Roads in Romania (CNADNR), Catalin Homor, says that the country will have roughly 1,000 km of motorways in operation in the first half of 2018, as a lot of the current building projects have been stopped as they lack of the construction permits.
Transilvania Construcţii, real estate development company controlled by Timofte family, plans to complete by November the fist building of an office project within Tetarom 1 industrial park in Cluj.
Romania’s industrial output advanced 1.3 percent in the first six months of 2016 compared with the first six months of 2015, on rising manufacturing production, according to data released on Thursday by the National Statistics Institute (INS).
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