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Articles

Urlati-Romania, best P&G plant in Europe

The Procter&Gamble manufacturing plant in Urlati, recently nominated “The best P&G plant in Europe in 2015,” supplies hair care products, such as Head&Shoulders and Pantene, to well over one billion consumers in over 40 countries in Europe, Turkey, Israel, Central Asia and the Caucasus.

Romania is single CEE country with accelerated economic growth in Q1

The growth rate recorded in the six EU member states from Central and Eastern Europe slowed down in the first quarter, except for Romania, in conditions when household expenses could not compensate for dropping community funds and lower export demand, according to Bloomberg economists.

Calipso completed EUR 2 million investments in Afumați factory

Natural spring water manufacturer Calipso has completed recently an investment of EUR two million in the expansion and modernization of the production and bottling capacities of the factory in Afumati, Ilfov county. Following the investment, the producer aims for 50 pct. sales increase.

Electroputere Craiova counts on profit return in 2016

Electroputere Craiova Company (EPT), a transformer manufacturer, foresees sales of 197 million lei in 2016, 31.77% higher than last year.

Romania’s annual inflation rate hits new low in April

Romania’s annual inflation rate went down to -3.3% in April, when compared to April 2015, which represents a new low. In March this year, the annual inflation rate stood at -3%.

Largest logistics transactions in Bucharest totalled 100,000 sq. m in 2016

More than 100,000 sq. m were transacted since the beginning of the year in the logistics sector in Bucharest in agreements exceeding 5,000 sq. m each. Main projects transacted are owned by P3 and CTP.

DTZ: Land transaction, on the rise again in Bucharest: doubled value in the first quarter

The value of the transactions with land for commercial destination in Bucharest reached in the first quarter EUR 35 million, a double value compared to the same period of 2015, the largest operation being made by the Sweden’s investor Vastint, which bought 48 ha of land in Băneasa – Sisești for a mixed-use project (mainly residential), according to DTZ Echinox.

Romania’s Prognosis Commission lowers industrial production growth estimate

Romania’s National Prognosis Commission (CNP) has revised downwards by 1.3 percentage points its growth estimate for the local industrial production this year.

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