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AdePlast turnover up 13 pct to RON 346 mln in 2016

AdePlast, the Romanian constructions materials makers, registered a turnover growth of 13 percent to RON 346 million in 2016 compared to the previous year.

Altex signs lease of 15,000 sqm within P3 Bucharest park

Altex, one of the largest electronics, home appliance and multimedia retail chains in Romania, has signed a new lease on 15,000 m2 of warehouse space at P3 Bucharest park. The deal will double the size of its logistics hub, accommodating the needs of its growing business.

Romanian industry production up by 5.3 pct in November 2016

Romania’s industrial production went up by 5.3 percent in November 2016 compared with the same month of 2015, an increase supported by the key-sector of manufacturing, shows the most recent data of the National Institute of Statistics (INS).

Arctic gets EUR 36 million state aid for washing machine factory in Romania

Appliance producer Arctic has just received a state aid of RON 162.5 million (EUR 36.1 million) to build its second plant in Romania, where it will produce washing machines.

PPG Completes Acquisition of Romanian Paint and Coatings Manufacturer DEUTEK

PPG (NYSE:PPG) have announced that it has completed its acquisition from the Emerging Europe Accession Fund (EEAF) of DEUTEK S.A., a leading Romanian paint and architectural coatings manufacturer that reported sales of 30 million Euros in 2015. Financial terms were not disclosed.