Bucharest is one of the world’s cheapest destinations considering the occupancy costs of logistics premises, occupying the 27th place from89 markets, with the smallest growth forecasted for the next four years, according to DTZ study.
Logistics operator Logistics E van Wijk rented 16,147 sq. m in Prologis Park Bucharest A1, representing the second largest transaction signed in 3Q in CEE by the American company Prologis, the owner of the project, according to Mediafax.
Chemical company Azomures contracted a 10-year EUR 75 million loan which it will use to finance tech-upgrades for two ammonia plants, the company announced on Wednesday, writes Mediafax.
Electromagnetica, one of Romania’s largest producer of LED lighting equipment, has recently entered new foreign markets and plans to expand LED lighting system export to Morocco, France, Spain, Germany and Colombia, according to the company’s general manager Eugen Scheusan, cited by local Agerpres.
According to a press release of the Presidential Administration, the law completes the Art. 20 (1) of the Law 186/2013 regarding the construction and functioning of the industrial parks, with the exemption starting from January 1st 2015 of the administrator and of the residents of the industrial park for the construction taxes included in the 1st Group from the Catalogue approved by the Government Decision no. 2,139/2004.
Courier service companies Cargus International and Urgent Curier, owned by investment fund Abris Capital Partners, will merge to become the second-largest player on the Romanian market, with a total turnover of RON 231.6 million in 2013, after FAN Courier.
The Romanian government has approved the signing of a Memorandum of Understanding with Bulgaria to implement feasibility studies on the construction of two new bridges over the Danube River: Silistra – Calarasi and Nikopol – Turnu Magurele.
Siemens announced a new local structure on October 16, one of the most important changes being the consolidation of the company’s business around three poles: electrification, automation and digitization, which are also the main long-term growth directions.
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