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Warehouse Market News

Nine companies win tenders for Campia Turzii – Targu Mures Highway

Nine companies have won the tenders for the construction of the 56.5-kilometer Campia Turzii – Ogra – Targu Mures Highway, as part of a project whose total value surpasses RON 1.164 bln, a project financed from non-reimbursable European funds.

Farmexpert doubles the investments: 35 million lei for warehouses

Drugs distributor Farmexpert, part of the American giant Walgreens Boots Alliance, will invest more than 35 million lei (EUR 8 million) in its warehouse capacity enlargement, as it expects to increase the volume of activity.

JLL appoints business development director

Viorel Opait has been appointed business development director with the local office of real estate services firm JLL. He will be focusing mostly on the office and industrial segments.

Building materials producer Baumix has filed for insolvency

Building materials producer Baumix – Patru Maini – has filed for insolvency, reports local Ziarul Financiar.

Romania’s auto industry speeds up to EUR 17 bln in 2014

Romania’s auto industry went up by 20% to EUR 15.9 billion in 2013.Car production accounted for EUR 5.2 billion while car parts production generated EUR 10.7 billion.

EUR 35 million loan from Erste un for new factory in Covasna

Austrian businessman Gerald Schweighofer, the most powerful player in the local woodworking industry has obtained in the end of last year EUR 35 million loan from Erste Bank, main shareholder of BCR, a loan to finance the investment in a new factory in Covasna county, to become operational this spring.

PM Ponta: Works at Ungheni-Iasi-Targu Mures motorway might begin in 2016

The Government has included the Ungheni-Iasi (north-eastern Romania) – Targu-Mures (centre) motorway in the road transport master plan to be sent to the European Commission, Prime Minister Victor Ponta announced on Friday. He mentioned that works might begin at the earliest in 2016.

Romanian paints & adhesives producer posts EUR 18 mln turnover

Romanian building material producer Duraziv ended 2014 with an EUR 18 million turnover, a similar level to the one recorded by the company in 2011. Duraziv owns a factory in Popesti-Leordeni, near Bucharest.

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