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Warehouse Market News

Romania gets EUR 57 mln financing for road rehabilitation program

The European commissioner for regional policy, Corina Cretu, approved the financial contribution through European fund of regional development (FEDR) at the regional project „Rehabilitation of the National Road 1C between Dej and Baia Mare”. The co-financing of EU for this major flashback project, whose rehabilitation works were finished in 2016, amounts to EUR 57 million.

JLL: EUR 12.56 bln put into CEE-based property in 2016, EUR 890 mln in Romania

The property investments in Central and Eastern Europe amounted to EUR 12.56 billion in 2016, representing a 42 percent increase compared with 2015 and the third highest CEE regional investment volume since 2007, when they stood at EUR 15.81 billion.

Arkema Completes Acquisition of Den Braven

Arkema completed the acquisition of Den Braven, a leader in high performance sealants for insulation and construction in Europe, on 1st December. With this strong value-creating acquisition, Arkema confirms its long-term ambition for Bostik, and actively pursues the development of its High Performance Materials division.

New record sales for Dacia in 2016 at global level

Dacia recorded a new sales record, with 584,219 units delivered in 2016 at global level, a growth by 6 percent compared with 2015, when 551,000 units were delivered. In 2014, Dacia succeeded to overpass the level of half a million of cars delivered at global level.

Continental puts EUR 12 million in expanding Timisoara-based plant

Car parts maker Continental announced that year it will expand again the electronics items factory from Timisoara that produced in 10 years of activity 60 million units (finished electronics items). The investment is worth EUR 12 million and represents the third expansion of the work factory space, according to Continental.

Swiss company Alu Menziken gets state aid for Romanian investment

Swiss company Alu Menziken is set to receive state aid worth RON 88 million (around EUR 20 million) for its planned investment in an aluminum components plant located in the village of Mediesu Aurit, Satu Mare county, in northern Romania, local Ziarul Financiar reports.

Romania, third worldwide for deficit of skilled employees

Only two countries in the world – Japan and Taiwan – have bigger difficulties than Romania in finding skilled employees.

Foreign direct investment in Romania sees record level of the last eight years

Foreign companies carried out direct investment in Romania worth EUR 3.9 billion in the first eleven months of 2016, up 22% over the same period last year.

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