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Warehouse Market News

Compania E van Wijk rented 16,147 sq. m in Prologis Park Bucharest A1

Logistics operator Logistics E van Wijk rented 16,147 sq. m in Prologis Park Bucharest A1, representing the second largest transaction signed in 3Q in CEE by the American company Prologis, the owner of the project, according to Mediafax.

Azomures takes out EUR 75 mln loan for factory upgrades

Chemical company Azomures contracted a 10-year EUR 75 million loan which it will use to finance tech-upgrades for two ammonia plants, the company announced on Wednesday, writes Mediafax.

LED lighting systems made in Romania, exported to more countries

Electromagnetica, one of Romania’s largest producer of LED lighting equipment, has recently entered new foreign markets and plans to expand LED lighting system export to Morocco, France, Spain, Germany and Colombia, according to the company’s general manager Eugen Scheusan, cited by local Agerpres.

Băsescu rejects law concerning tax exemption for the industrial parks

According to a press release of the Presidential Administration, the law completes the Art. 20 (1) of the Law 186/2013 regarding the construction and functioning of the industrial parks, with the exemption starting from January 1st 2015 of the administrator and of the residents of the industrial park for the construction taxes included in the 1st Group from the Catalogue approved by the Government Decision no. 2,139/2004.

Cargus and Urgent Curier finalize merger

Courier service companies Cargus International and Urgent Curier, owned by investment fund Abris Capital Partners, will merge to become the second-largest player on the Romanian market, with a total turnover of RON 231.6 million in 2013, after FAN Courier.

Romania, Bulgaria to sign memorandum for two new Danube bridges

The Romanian government has approved the signing of a Memorandum of Understanding with Bulgaria to implement feasibility studies on the construction of two new bridges over the Danube River: Silistra – Calarasi and Nikopol – Turnu Magurele.

Siemens restructures business in Romania

Siemens announced a new local structure on October 16, one of the most important changes being the consolidation of the company’s business around three poles: electrification, automation and digitization, which are also the main long-term growth directions.

APIA: Romanian auto market grew continuously in last 15 months

The Romanian auto market has been growing continuously for 15 months, with the total sales of auto vehicles and commercial vehicles registering a year-on-year growth of 26.8 per cent after the first nine months of 2014, according to the Automotive Manufacturers and Importers Association (APIA).

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