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Warehouse Market News

Norwegian money to support green companies and technologies in Romania

A Norway grant scheme will offer non-reimbursable funding between EUR 65,000 and EUR 1.5 million for 34 projects under the Green Innovation program in Romania.

Eurostat: Romania sees EU's lowest decline in industrial production in April

Industrial production in the European Union (EU28) rose by 0.7 percent in April 2014 compared to March 2014, but Romania is in the group of EU member states that recorded a decline in industrial production, according to the data published on Thursday by the European Statistical Office (Eurostat).

GSK to close down Romanian plant

UK-based GlaxoSmithKline (GSK), the drugsmaker, said on Thursday it would shut off its Europharm plant in Brasov by the end of 2015 and transfer the production in Poland and Spain, reports Mediafax newswire.

Cargus rented 5,000 sq. m of offices and warehouses

The courier company Cargus, with business of EUR 26 million last year, has rented offices and warehouses on 5,000 sq. m from the logistics and transportation company Triton International Cargo, according to the real estate consultant DTZ Echinox, which represented the landlord in the transaction.

Cefin Industrial Park in Arad put on sale for EUR 26 mln debts

The industrial park built in Arad (western Romania) in 2011 by Italian group Cefin has been put up for sale through direct negotiation by the legal administrator of the real estate developer which went insolvent in 2013 for debts of 114 million lei (EUR 26 million), mostly owed to Volksbank, writes Mediafax.

New orders in industry, down 8.5 per cent in April

New overall orders in industry on the domestic and foreign market went down in nominal terms in April this year both from the previous month, by 8.5 per cent, and from the corresponding month of the previous year, by 6.4 per cent, according to the data released by the National Institute of Statistics (INS) on Tuesday.

Exports peak to EUR 17 billion in Q1

Romania’s FOB exports reached up to RON 76,101 billion (EUR 16.933 billion) January through April this year, while imports climbed up to RON 83.943 billion (EUR 18.682 billion), according to provisional estimates of the National Institute of Statistics (INS) released on Tuesday.

Next generation of Ford Fiesta will be built in Europe exclusively, at Cologne

The Ford factory of Cologne, Germany, will be the only production source for the next generation of Ford Fiesta, the automaker announced, thus denying the speculations about a possible transfer of production of this model at the Craiova plant.
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