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Articles

FM Logistic to add 10,000 sqm warehouse to its logistics platform in Petreşti, Dâmboviţa

FM Logistic Romania, an important local player in the logistics and transport sector, announced EUR 5 million investments in the extension of its logistics platform situated in Petreşti, Dâmboviţa county.

Local joinery producer Electric Plus enjoys 33 pct rise in turnover in 2015

Electric Plus, a Romanian PVC joinery producer, announced a 33 percent hike in its turnover in 2015 over the previous year, going from EUR 15 million in 2014 to EUR 20 million last year.

Daimler launches 9G-Tronic automatic transmissions production in Romania

Star Assembly, Daimler’s Romanian subsidiary, has started production of the 9G-Tronic nine-speed automatic transmission with the official launch at their Sebes factory. The expansion of their transmissions production capacity represents a total investment of over EUR 300 million and around 500 new jobs created in Sebes, according to the company.

New facility developed in CTPark Bucharest West is fully let

Logistics and industrial parks developer and operator CTP has rented entirely the 30,000 sq. m facility built in extension within CTPark Bucharest West to clients such as OTZ, Englemayer and Iron Mountain, according to the company’s website.

Logistics company Pall-Ex increases turnover in Romania

Logistics company Pall-Ex had last year 45 pct higher volumes, the factors influencing this growth including the attraction of new members in the network and reaching 30 warehouses in the country.

Romanian pharma producer plans EUR 2.3 mln investments

Local drug producer Zentiva Bucuresti, which is part of French group Sanofi, plans EUR 2.3 million investments this year in modernizing its production equipment.

Hourly labor cost in Romania, five times lower than in the EU

The hourly labor cost in Romania, excluding agriculture and public administration, reached EUR 5 per hour in 2015.

Almost 9 in 10 top CEOs are happy with business in Romania despite poorly rated administration

Some 88% of the 200 business leaders questioned in an AmCham Romania survey have declared that their investments in Romania were meeting or surpassing expectations, despite the poor perception they had about the public administration.

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