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Immofinanz to sell logistics business

Austrian property group Immofinanz is in negotiations with interested parties to sell its logistics business, consisting of around 1 million square metres of rentable space and various logistics development projects, according to representatives.

Lafarge Romania, officially under the CRH umbrella

Irish building materials producer CRH announced that it has completed the acquisition of the assets Lafarge Romania,part of a global agreement to take over more assets Lafarge (France) and Holcim (Switzerland) for 6.5 billion euros

Practic wants to buy 5% of Aviatia Utilitara, which has a land near IKEA

Bucharest real estate developer PRACTIC, owned by businessman Radu Timofte will buy 5.6 % stake in Aviatia Utilitara.

CNADNR will pay 800,000 euros to find out how Transfăgărăşanul can be kept open the whole year

The National Company of Motorways (CNADR) wants to outsource technical expertise for achieving a feasibility study for the rehabilitation of DN 7C - Transfăgărăşan.

Industrial activity in Romania records no growth in four months

Romania’s industrial activity in June was at a comparable level to May, marking four months since the industry has stopped growing.

Managers forecast a rise in industrial activity, constructions and services for the next three months

Managers of Romanian companies forecast a rise in industrial activity, constructions and services for the next three months, as well as a relative stability in the number of employees, and expect a moderate decrease in retail prices, survey data published by the National Statistics Institute (INS) on Tuesday reveals.

Vulcan plant closes EUR 22 mln deal for oil pumps

Vulcan plant in Bucharest inaugurated the largest pumping unit for oil production in Europe and has concluded a contract for the delivery of 200 units in the Middle East, according to Mediafax.

Continental Envelopes Timisoara has a new general director

Sorin Samonid will take starting August the position of CEO of Continental Envelopes Timisoara, replacing Klaus Ohlwein, who will continue his career in the group’s tire division in Hanover (Germany), announced the company.

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