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Warehouse Market News

Romania to apply modernized EU customs legislation starting November

Following the approval of modernized Community customs legislation by the European Parliament, Romanian companies involved in international trade will have to prepare for the new provisions, some of which are set to be enforced starting November.

Two motorway segments soon to be completed in Romania

The segment Lugoj - Făget of the motorway between Lugoj and Deva will be inaugurated in two weeks, but the segment will not be operable as there is not yet the link to Timişoara-Lugoj motorway. Segmentul de legătură va fi finalizat în decembrie.

Eurostat: Romania, EU leader regarding construction works growth in July

Romania registered in July 2013, compared to June 2013, the biggest growth of the construction works in the European Union, 8.6%, considering the EU average of 0.3% and the euro zone average growth of 0.3%, shows the information presented on Wednesday by the statistical office of the European Union (Eurostat).

Hines acquires two more logistics facilities in Poland

The Warsaw office of Hines, the international real estate firm, has announced that the firm’s Hines Russia & Poland Fund (HRPF) has purchased two logistics facilities from TMW Pramerica Property Investment GmbH.

Brasov - Comarnic highway project is modifying the route, but will not be postponed

The general manager of CNADNR, Narcis Neaga, has denied the information according to which the bid for the construction of the segment of the highway Brasov - Comarnic would be postponed due to route’s modification.

Fitch affirms Romania at ‘BBB-’, outlook stable

Rating agency analysts expect the government to meet its medium term objective of a structural deficit of 1 per cent of GDP in 2014.

Tax evasion in Romania reached 13.8 percent of GDP in 2012

The Fiscal Council, the independent fiscal think tank, estimates that tax evasion in Romania stood at 13.8 percent of GDP last year, down from a record high of 15 percent in 2010, amounting to roughly RON 81 billion (EUR 18 billion).

RON may lose ground against EUR, USD by yearend, says XTB

The Romanian currency may lose ground against the euro and the US dollar by yearend, despite the decreasing inflationary trend in the country, forecasts XTB, the brokerage.

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