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Articles

Labour productivity in industry down by 1.9 percent in Q1

Labour productivity in the Romanian industry decreased in the first quarter of 2016 by 1.9percent, year-on-year, and by 3.8 percent compared to the previous quarter, data published by the National Prognosis Commission (CNP) showed.

Belgian group taking over Dumagas division plans EUR 9 million businesses

Van Moer Logistics, a Belgian logistics and transport group which took over a division from Dumagas, intends to reach this year EUR 9 million turnover in Romania, with 26 pct compared to the precedent year.

Logicor secured lands in Braşov, Sibiu, Glina, Bucureşti and Timişoara

Logicor, the company which manages the logistics assets taken over by America’s Blackstone from Immofinanz, sees a high potential of the market in Romania, where, through land acquisitions and the developments taken over from the Austrian company, reached one million square metres.

Arkema Buys Sealant Maker Den Braven in $534 Million Deal

Arkema SA agreed to buy Dutch sealant-and-adhesives maker Den Braven in a deal valued at 485 million euros ($534 million) as Chief Executive Officer Thierry Le Henaff builds on the acquisition of Bostik, the French company’s first foray into these specialty glues.

Qfort to invest EUR 4 million in offices and showroom near its factory in Pieleşti, Romania

Windows manufacturer Qfort is developing an office building and a showroom near its factory owned in Pieleşti, Dolj county. The company’s total investment reaches EUR 4 million, the space hosting 300 employees.

Antibiotice Iasi is planning to borrow RON 30 mln from Unicredit Bank

The medical drug producer Antibiotice Iasi (ATB) has called out a meeting with the shareholders on 11 August to approve the contract of a multi-currency loan of RON 30 million (EUR 6.7 million) from Unicredit Bank, according to Mediafax.

Minister of Economy in talks with two major car makers interested in investing in Romania

The government is in talks with two major international carmakers interested in investing in Romania, Minister of Economy Costin Borc told broadcaster Digi24.

P3 achieves 300,000 m² of built space in Romania

P3, one of the leading pan-European logistics real estate owners, developers and asset managers, has reached the important milestone of 300,000 m² of built space at its P3 Bucharest park, the largest logistics park in Romania. Since its purchase of the park at the beginning of 2015, P3 has added a total of 85,000 m² of new space for existing and new clients.

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