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Romania has second largest decline in industrial production in the EU

Romania, Malta, and Finland recorded the most significant industrial production declines in the European Union in January compared to the previous month.

Renault Romania and Dacia have new general director

Yves Caracatzanis will be the new general director of the Renault Romania group and Dacia, replacing Nicolas Maure, who will become the president of Avtovaz, Russia, a press release by the company announces.

Romania’s industry turnover and new orders go down

Romania’s industry turnover declined by 1.7% in January 2016 compared to the same month of 2015, according to the National Statistics Institute (INS).

AEW undertakes €420m refinancing of LOGISTIS French Portfolio with ING Real Estate Finance

AEW Europe, on behalf of its LOGISTIS Fund, announces that it has refinanced the French Portfolio of LOGISTIS with ING Real Estate Finance acting as Sole Underwriter and Facility Agent, for a total facility amount of €420 million.

Dutch company Prolyte opens new aluminium structures factory in Romania

Dutch group Prolyte has opened a new factory in Romania, in Olt county. The factory will produce light aluminium structures for public events.

Daimler opens the EUR 300 mln factory in Romania

German group Daimler will officially inaugurate its new gearbox factory in Sebes, central Romania, on April 4.

Ecopaper Zărnești gets EUR 5 million loan from UniCredit Bank to complete investment

The manufacturer of paper for corrugated board Ecopaper Zarnesti, controlled by the businessman Vladimir Cohn, will access a loan of 5 million Euros from UniCredit Bank, to complete the investment in manufacturing equipment.

Logistics company UPS appoints new country manager for Romania

US logistics company UPS has appointed Irishman Jim Kearney as country manager for Hungary, Romania, and Greece.

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