Emerson, the global technology, engineering and production company based in the USA, is expanding its investment and presence on the market in Cluj-Napoca, Romania.
Deloitte Romania and Reff & Associates, the law firm representing Deloitte Legal global network in Romania, provided assistance to Haier Tech, a Romanian company belonging to the Haier Group, in the project for building in Prahova county the first Haier’s refrigeration factory in the European Union. After assisting Haier Tech in obtaining the financing agreement for state aid in December 2019, Deloitte’s Management Consulting practice is now advising Haier Tech in the implementation of the large investment project that exceeds EUR 53 million, for which the state will provide aid of EUR 25 million.
At the end of 2019, Yale Europe Materials Handling launched the state-of-the-art expansion of its product range with the introduction of four new low-intensity forklifts. After studying current market trends, Yale discovered a demand for materials handling products that are designed to provide high levels of efficiency and productivity, but are only used for short periods at a time.
Colliers International has monitored construction works, from foundation to delivery, for projects with almost 750,000 square meters in the last 5 years, of which three quarters in the industrial area, almost 20% in the office area and 5% in the residential area.
eMAG, the leader of the local online retail market, will invest 90 million euros in a new logistics center, at km 19 of the A1 motorway, which will cover an area of 130,000 square meters. Construction work will begin this month and will be completed in September next year, and all automation and technology will be operational by July 2022.
Deloitte Romania launches SmarTax application, a digital tool that allows companies to calculate and prepare the quarterly and annual corporate income tax (CIT) computation based on accounting documents available on any fixed or mobile device connected to the internet, thus digitizing their compliance process with corporate income tax reporting requirements. The application incorporates the entire fiscal legislation in force, while also remaining flexible to adjust to any future changes in the corporate tax area.
For the integrated real estate services platform Global Vision, the end of summer means an intense period of work. It is about completing 3 logistics and industrial projects in 3 strategic areas of the country and accommodating tenants who have decided to expand or move their operations in projects developed by Global Vision.
Romania's investment volume accounted for approx. EUR 395 mln. in the first six months of 2020, a value 17% higher than the same period of the previous year, according to CBRE, leader in the real estate consultancy market. Office buildings were the properties most sought after by investors, accounting for 88% of the volume traded and other similar projects are available for sale, totaling over EUR 350 mln.
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