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Government to grant only 10 pct of the necessary budget for the southern ring of Bucharest

The Romanian government is only granting 10 pct of the necessary budget for the completion of the southern ring of Bucharest, and more than half of the money will be available after 2020.

Timişoara, transactions of 72,000 sqm in logistics sector last year, 36 pct up

The industrial market in Timişoara has registered in 2016 the second highest annual level, with a total volume of major rental transactions of 72,000 sqm, 36 pct up compared to the previous year, shows a study of Active Property Services.

Saint-Gobain to develop its construction materials factory in Suceava, Romania, with EUR 5.5 million

French construction materials manufacturer Saint-Gobain plans EUR 5.5 million investment for the modernization of its factory in Stroieşti, Suceava county.

Industrial and Logistics Space Request in Romania Reached Historical Maximum in 2016

Industrial and logistics space request has increased last year with 50 pct., to more than 460,000 sqm, registering the highest level in the market history in Romania, according to a study of JLL Romania.

Antibiotice Iaşi to invest EUR 2.5 million in production line

Ioan Nani, general manager of drugs manufacturer Antibiotice Iaşi, one of the biggest players on the market, says that this year will invest EUR 2.5 million in the development of its topic products (creams, ointments etc).

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.

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