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Tuesday, February 22, 2005

New industrial park near Afumati

A 3,000 sqm industrial park will be added to the stock of the industrial spaces located in the north-eastern area of Bucharest, according to Muler Onofrei, senior broker within the industrial space department of Eurisko.

The park is made up of a 1,500 sqm building already completed and a second 600 sqm building that is to become operational by the end of the year. The 700 sqm storage area of the existing building is structured on two levels, semi-basement and ground floor.

Office spaces of 300 sqm office are available on the first floor of the building. It is equipped with the latest cooling systems, two elevators for goods, and three doors with 1.20 meters high loading and unloading platforms.

Industrial parks in Romania have been promoted through government ordinance no.65, approved by Law no.490 in July 2002, as the authorities showed serious commitment to boosting business investments into the Romania.

Industrial parks are defined as special regime areas that offer financial and fiscal facilities to Romanian and foreign companies involved in manufacturing operations and related services. The authority in charge of giving the go-ahead for the creation of industrial parks is the Regional National Development Agency (RNDA), which is also responsible for the management and distribution of funds to promote investments into these areas.

The initiative was in line with other incentives, mostly fiscal, which Romania has sought to provide, in recent years, to small and medium sized enterprises or to certain types of economic activity in areas identified as disadvantaged or in free trade zones.

Currently, in Romania there are over 37 industrial parks. Here is a map of the industrial parks, courtesy of ARISInvest.ro