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Articles

Romanian industry on upward trend for the first 11 months of 2015

Industrial production has registered an upward trend during the first 11 months of 2015, with production going up by 3.1 percent as adjusted series (2.6 percent as gross series) year on year, while turnover in Romanian industry registered a 2.2 percent rise, data from the National Institute for Statistics (INS) show.

German retailer Lidl invests EUR 20 mln in logistics center in western Romania

German retailer Lidl continues to expand in Romania with a modern and eco-friendly logistics center in Lugoj, western Romania. It is the company’s fourth such center in the country.

Ian Worboys, P3: Our new main targets are Arad, Timişoara, Deva, Cluj-Napoca

Ian Worboys, the head of P3, the owner of the largest logistics and industrial park on the local market, acquired last year, P3 Bucharest (former Europolis Logistic Park), says that the company will continue to develop projects, the west of the country being the main target, due to the automotive industry developed in the area.

New delay for Romania’s Sibiu-Pitesti highway

The Sibiu-Pitesti highway could be ready in late 2023, and the total value of the investment exceeds EUR 1.6 billion, according to a document of the European Funds Ministry.

Aerospace company Sonaca expands to Romania with new factory

The European Bank for Reconstruction and Development (EBRD) has allotted a US 8.5 million loan to the aerospace company Sonaca as it expands to Romania, boosting Romania’s “fast-growing manufacturing sector”, says a press release from the EBRD.

Romanian exports and imports increase by 4.1 and 7.2 pct, respectively, in Jan-Nov 2015

Between January and November 2015, exports and imports increased, FOB exports amounting to EUR 50.6 billion and CIF imports to EUR 57.8 billion, according to data from the National Institute of Statistics (INS).

EUR 10.3 million capital increase for Log Center Brașov

The capital of the company Log Center Brasov, the owner of a plot intended for a logistic project, part of the portfolio taken over in November by Blackstone from Immofinanz, was increase with nearly EUR 10.3 million.

Romania, the only EU country where industrial prices stall

Romania was the only EU member state where the industrial prices stalled in November 2015 compared to the previous month. However, the prices dropped by 2.3% year-on-year.

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