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Warehouse Market News

Romania will export 500,000 cattle to China

Romania will export over 500,000 Romanian Spotted Cattle to China in the following seven to ten years, bringing Romanian farmers over EUR 1 billion in revenues, Daniel Constantin, Minister of Agriculture, said Saturday at Indagra International Agriculture Fair hosted in Bucharest.

Romania’s government to keep flat tax of 16 percent

PM Victor Ponta said on Thursday Romania will maintain its flat corporate tax as this one of the decisions of the ruling coalition USL, adding a progressive taxation mechanism is out of question for the moment, reports Mediafax newswire.

Arctic has become the largest refrigerator factory in Europe

A new production line of refrigerators was recently launched by household appliance manufacturer Arctic, part of Arcelik Group, following a EUR 24 million investment that will result in 400 new jobs in the next 5 years.

IKEA signs lease at Segro Logistic Park Prague

IKEA will be the first tenant to the new phase of Segro Logistic Park Prague near the Václav Havel Airport in Prague.

Turkish companies are interested in investing in Romanian industry

Turkish business community is interested in participating in the privatization process and investments attraction at Oltchim, Cupru Min, Romanian Post, as well as in the medical system in Romania, according to a press release from the Ministry of Economy, Agerpres reports.

P3 starts construction of second DHL Express hub

PointPark Properties (P3), a specialist investor, developer and asset manager of warehouse properties, has started construction of a 3,492 sqm logistics facility for international shipping company DHL Express, a division of Deutsche Post DHL, at its PointPark Prague D8.

Coca-Cola Invests EUR 22 Million in New Bottling Line in Ploiesti

Coca-Cola, the biggest soft drinks company worldwide, inaugurated on Wednesday a new bottling line at its plant in Ploiesti, in a strategic move designed to turn Romania into an export hub for the company.

Companies expect increase in industry, stagnation in commerce & services

Company managers expect a rise in activity in the processing industry, stagnation in the commerce and services industry and a decrease in the constructions industry as compared to the previous three months, INS (the National Institute of Statistics) announced Monday.

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