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Articles

Romania’s Alro secures USD 60 mln loan for 2016 investments

Alro SA, Romanian aluminium producer, has concluded a USD 60 million loan agreement with the Black Sea Trade and Development Bank (BSTDB), which will allow the company to proceed with its 2016 investment program, “focused on increasing the efficiency of its operations, reducing energy dependency and improving overall competitiveness,” according to a press release from BSTDB and Alro.

Romania’s Sameday Courier aims to triple its profits this year

Sameday Courier (SDAY), the first Romanian courier service listed on the Bucharest Stock Exchange AeRO market, announced an increase of 25 percent in revenue for 2015 compared to 2014, reaching RON 8.6 million (as opposed to RON 6.8 million in 2014), according to a company press release.

Holcim Romania appoints new general director starting April

Sofiane Benmaghnia was named general director of Holcim Romania starting April 1, 2016, and will be replacing Francois Petry, who became CEO of Aggregates Industries – subsidiary of LafargeHolcim in the United Kingdom, according to a Holcim press release.

EBRD President: Infrastructure is Romania’s big weak spot

Romania’s economy has a great potential as well as a huge weak spot in infrastructure, according to the European Bank for Reconstruction and Development – EBRD’s President Suma Chakrabarti.

Romania’s industry loses 300,000 jobs

Romania’s industry had 1.3 million employees in 2014, some 300,000 fewer compared to 2008, according to data from the National Statistics Institute (INS).

P3 plans new 42,800 m2 warehouse in P3 Bucharest park

P3, the specialist owner, developer and manager of European logistics property, is preparing to start construction of a third new warehouse at P3 Bucharest park.

Romanian company builds electric scooter factory in Craiova

Local company Nextrom Industries will build an electric scooter factory in Craiova, Romania, this year, following a EUR 5 million investment.

Chep Romania enters dairy industry’s logistics market

Chep Romania, the subsidiary of the global leader in pallet and container pooling services, has announced it will enter the logistics services market of the dairy industry, as partner of Delaco, one of the industry’s main players.

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