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Articles

Cefin Industrial Park in Arad put on sale for EUR 26 mln debts

The industrial park built in Arad (western Romania) in 2011 by Italian group Cefin has been put up for sale through direct negotiation by the legal administrator of the real estate developer which went insolvent in 2013 for debts of 114 million lei (EUR 26 million), mostly owed to Volksbank, writes Mediafax.

New orders in industry, down 8.5 per cent in April

New overall orders in industry on the domestic and foreign market went down in nominal terms in April this year both from the previous month, by 8.5 per cent, and from the corresponding month of the previous year, by 6.4 per cent, according to the data released by the National Institute of Statistics (INS) on Tuesday.

Exports peak to EUR 17 billion in Q1

Romania’s FOB exports reached up to RON 76,101 billion (EUR 16.933 billion) January through April this year, while imports climbed up to RON 83.943 billion (EUR 18.682 billion), according to provisional estimates of the National Institute of Statistics (INS) released on Tuesday.

Next generation of Ford Fiesta will be built in Europe exclusively, at Cologne

The Ford factory of Cologne, Germany, will be the only production source for the next generation of Ford Fiesta, the automaker announced, thus denying the speculations about a possible transfer of production of this model at the Craiova plant.

Ford Romania reports EUR 15.5 mln profit in 2013 on higher sales

US car maker Ford has registered in Romania a net profit of RON 68.8 million (EUR 15.5 million) in 2013 from a loss of RON 480.9 million (EUR 108 million) in the previous year, reports Mediafax newswire.

Abris Capital Partners buys Urgent Curier; planning merger with Cargus International

Abris Capital Partners investment fund bought Urgent Curier which in the future will merge with Cargus, also in the fund’s portfolio since 2012, writes Mediafax. Urgent Curier is owend by Sebastian and Corina Balasescu and recorded a turnover of RON 115.95 million in 2013.

Prologis purchases R6 Logistics Park from Skanska

Prologis and Skanska Property Czech Republic, a subsidiary of Skanska Group, have announced that Prologis has acquired the R6 Logistics Park, located north west of Prague, from Skanska.

Two million dollars investment in Ploieşti West Park

An American investment of two million dollars belonging to the company PAS Techologies was inaugurated on Tuesday in the private industrial park Ploieşti West Park, situated on the territory of the village Ariceştii Rahtivani, involving a new production line for the oil industry.
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