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Articles

Tesla exploring investment in Romania?

The name of American Tesla Motors, the developer of electric vehicles, has been mentioned by the Romanian minister of Economy, Costin Borc, when he was asked if green car manufacturers were interested in opening a plant locally.

Wienerberger bought Omer Susli’s brick factory in Buzău

Brick manufacturer Wienerberger România bought the brick factory in Buzău from the company Search Chemicals, own by the Turkish businessman Omer Susli, who bought in 2014 the DIY network Praktiker. The transaction included the company’s assets and a clay quarry.

Papalekas increased its real estate portfolio to nearly EUR 1 billion through the acquisitions in 2015

The real estate development company Globalworth, founded and leaded by Ioannis Papalekas, has increased with nearly 55 pct. its portfolio value compared to 2014, reaching an estimated value of more than EUR 930 million in the end of last year, according to the company report published on London Stock.

Romania has 747 km of highways and more than 10,500 dirt roads

The highway network in Romania was expanded last year with 64 km, up to 747 km, while 10,584 of county and village roads and 15 km of national roads are still dirt roads, according to data published by the National Institute of Statistics (INS).

Larger companies threatened by insolvency in Romania

A study by CITR shows that over 50 percent of companies of impact in the Romanian economy (having assets exceeding EUR 1 million) are in difficulty. Although the number of insolvency cases has declined in the past three years, over 50 percent of companies falling into insolvency reported a double loss and an increase in indebtedness in 2015 over 2014.

Dona pharmacies invest EUR 4 million in 7,000 sq. m in Chitila

The entrepreneur Eugen Banciu, the founder of the pharma group Dona, intends to complete the construction of a warehouse exceeding 7,000 sq. m by the end of this year.

A magnificent seven for CBRE at the 11th annual SEE Real Estate Awards

EuropaProperty has successfully completed its 11th annual SEE Real Estate Awards at the Radisson BLU Hotel in Bucharest, Romania. The awards gala was a great success and was well received by all winners and their guests.

Intermodal transport reduces costs in automotive industry

The automotive industry occupies a main part of the business of Tibbett Logistics in Romania, this sector generating in 2015 almost a quarter of the company’s total turnover, EUR 8 million respectively from the total of EUR 35 million registered.

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