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Articles

Romanian drug producer plans over EUR 12 mln investments

Local drug producer Antibiotice Iasi wants to invest over EUR 12 million in new production units, laboratories as well as licenses for new products this year.

Three large home appliances producers announced EUR 160 million investments and 3,500 new jobs in Romania

De’Longhi (Italy), Kärcher (Germany) and Arcelik (Turkey) are opening the market for the development in Romania of a new industrial sector: home appliances manufacture.

Romania’s industrial property deals among highest in CEE, in 2015, says CBRE

2015 was a rich year for Romania’s industrial property, with three major transactions in this sector being among the top five largest in the CEE region, according to a report by CBRE, the property services company.

Dutch Palmer Capital sold 1 pct of Prebet

Dutch investment fund Emerging Europe Equity Capital Palmer sold about 1% of the capital of precast concrete manufacturer Prebet Aiud (PREB) through two transactions on Monday and Tuesday, for a total amount of nearly 100,000 lei.

DPD Romania ups turnover by 23%

Local courier DPD Romania posted a EUR 20.5 million turnover last year, up by 23% compared to 2014. The growth was related to a 33% advance in the volume of deliveries, according to the company.

Arctic Group to open largest European fridge factory in Targoviste

Electronics manufacturing company Arctic SA will open its largest refrigerator factory in Europe near Targoviste, in Ulmi, 80 km from Bucharest.

Owner of Romanian BCR lends EUR 91 mln to US group Blackstone

Austrian group Erste Group, which owns the local lender BCR, has granted a loan of EUR 91 million to the US group Blackstone to help it finance the acquisition of 12 logistics projects in Central and Eastern Europe from Austrian real estate group Immofinanz.

Transylvania motorway could be completed by 2020, says minister of Transport

The minister of Transport, Dan Costescu, announced that if everything goes according to plan, the Transylvania motorway could be finished through to 2020.

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