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P3 Logistic Parks follows strong 2015 performance with increasing development pipeline

P3 Logistic Parks, a leading pan-European logistics real estate owner, developer and asset manager, has started 2016 with almost 220,000 m2 of warehouse space under construction in four countries across Europe, already almost doubling its 2015 development total of 113,000 m2.

Romanian Ministry of Finance considers increasing by 41 pct. the state aids budget for large investments

Ministry of Finance in Romania intends to increase the state aids budget for investments with large impact on economy, from 2.7 billion lei to 3.828 billion lei. Nine companies have received by far grants from the State, with a total value of 436.4 million lei.

JLL: Real estate investors are considering Romania, but are careful regarding the political situation and corruption

The good macroeconomic situation of Romania is known by the foreign real estate investors, present at MIPIM, one of the world’s largest real estate events. However the immergence of the politics to justice, the corruption, the long terms of commercial related trials, as well as the timid presence of the local investors on the Romanian real estate market are among their concerns when thinking about investing in Romania, according to a JLL study.

Sink and furniture manufacturer Kuma Romania to invest EUR 800,000 in production and to expand its exports

Kuma Romania, one of the main local manufacturers of sinks, worktops and furniture for bathrooms and kitchens has ended 2015 with EUR 3.3 million turnover, nearly 10 pct. higher than the precedent year and has in plan a similar growth for this year, investments of EUR 800,000 and the increase of exports.

Dumagas to invest EUR 4 mln this year, sells food transport division

Romanian transport solutions provider Dumagas announced plans to invest EUR 3 to 4 million this year into modernizing the fleet in the area of international transport to tilt, national temperature-controlled distribution and building a more efficient IT and communication infrastructure.

Software company Misys, first tenant of Orhideea Towers in Bucharest, project developed by CA Immo

Investment fund CA Immo has pre-leased an area of 8,000 sq. m of offices in Orhideea Towers building to the financial software company Misys International Financial Systems, being the first tenant of the project developed near the metro station Grozăvești.

Rail Cargo Operator to launch a new service for South-Eastern Europe

Rail Cargo Operator launches a new intermodal rail service for combined unaccompanied transport between Germany and Romania.

Ford invests EUR 200 mln to start producing small SUV model in Romanian plant

American carmaker Ford will invest up to EUR 200 million to start producing a new model in its Romanian factory in Craiova.

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