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Fitch affirms Romania at ‘BBB-’, outlook stable

Rating agency analysts expect the government to meet its medium term objective of a structural deficit of 1 per cent of GDP in 2014.

Tax evasion in Romania reached 13.8 percent of GDP in 2012

The Fiscal Council, the independent fiscal think tank, estimates that tax evasion in Romania stood at 13.8 percent of GDP last year, down from a record high of 15 percent in 2010, amounting to roughly RON 81 billion (EUR 18 billion).

RON may lose ground against EUR, USD by yearend, says XTB

The Romanian currency may lose ground against the euro and the US dollar by yearend, despite the decreasing inflationary trend in the country, forecasts XTB, the brokerage.

P3 delivers state of the art logistics centre for Yusen Logistics

Global freight forwarding and logistics company Yusen Logistics cut the ribbon to open a new 20,000 sqm Build-To-Suit distribution facility developed by Pan-European real estate asset manager and developer PointPark Properties (P3) at its Prague D1 logistics park.

AT Real Estate launches the Sofino logistics park project in southeast of Moscow

AT Real Estate has started to build the Sofino logistics park, the largest Class A industrial and warehouse complex in the Moscow region. In total this new facility, located in the southeast of Moscow, comprises more than 840,000 sqm of space, with an investment cost of about $600 million.

Regio opened in Bolintin the first multifunctional centre for regional business development

Camion Logistic invested over 20 million lei in a "mall for trailers", situated at 23rd km on Bucharest-Pitesti highway, in the industrial area Bolintin Deal.

Saint-Gobain Glass Romania invests EUR 6 mln in 3rd local manufacturing facility

The Romanian division of French glass manufacturer Saint-Gobain, has invested EUR 6 million in a laminated glass production line in its factory in Calarasi, southern Romania. This takes the company’s total investment so far in Romania to EUR 176 million, said Jerome Lionet, GM of Saint-Gobain Glass Romania.

Industrial vacancy rates tighten capital city markets

Industrial vacancy rates for select capital city markets in Eastern Europe are beginning to trend downwards but the shift is yet to translate into any significant rental growth, according to recent research released by Colliers International.

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