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Warehouse Market News

Main industry sectors in Romania that generate losses

Development and real estate consultancy, as well as ferrous and nonferrous metal processing are the main sectors that generate losses in Romania, while oil and gas extraction and trade are the most profitable ones, according to a study conducted by CIT Restructuring, cited by local Mediafax.

Arad county, largest industrial production in first semester

Industrial production in Arad county increased in the first half of the year with 26.9 pct, much above the average growth nationwide, of 9.1 pct, according to data from the Institute of Statistics.

EBRD lends EUR 23 million to Eti to finance Craiova plant

The European Bank for Reconstruction and Development EBRD will grant a EUR 23 million loan to Turkish company Eti to co-finance the construction of a biscuit and cookie factory in Craiova, the lender announced.

SuperPuma MK1 helicopter to be built on IAR Brasov land in Romania, in a new production facility

The shareholders of IAR Brasov (IARV), the state-owned Romanian aerospace manufacturer, decided to offer Vadstena, a company registered in Romania by global helicopter manufacturer Airbus Helicopters, a piece of land of over 12,000 sqm, needed to develop the SuperPuma MK1 helicopter project, according to a report sent to the Bucharest Stock Exchange (BVB), cited by local Economica.net.

KLG Romania invested EUR 5.6 million in expanding its logistic centre near Bucharest

KLG Europe Logistics Romania ended the second phase of the expansion of the logistic centre in Bucharest, following EUR 5.6 million investments.

Turkish Eti invests EUR 40 million in cookie factory in Craiova

Eti, one of the most important producers on the Turkish food market, is investing EUR 40 million in a biscuit and cookie production plant in Craiova.

Somes Dej paper factory place on sale for EUR 7.9 mln after declaring bankruptcy

The paper and cellulose factory in Somes Dej, controlled by Stefan Vuza, declared bankruptcy in 2013 and has been placed on sale through direct negotiation, with a starting price of EUR 7.9 million, no VAT, according to Mediafax newswire.

Globalworth completed the acquisition of TAP and develops the first phase of the space for Continental

Globalworh mentions in a report recently published that it has completed the acquisition of Timisoara Airport Park and develops according to the schedule the first phase of the space for Continental.

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