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Office Market News

GTC sells its last two malls in Romania, after buying two office buildings

Real estate developer Globe Trade Centre (GTC), whose major shareholder is the American giant Lone Star, has signed preliminary sale agreements for its last two malls owned in Romania, Galleria Arad and Piatra Neamţ, following the sale of other two malls in the recent years.

More Romanian entrepreneurs are optimistic about the business environment

Two-thirds of Romanian entrepreneurs expect that Romania will provide a friendly business environment within the next ten years, according to the fourth edition of EY’s Entrepreneurial Barometer.

Romanian Investor will sue the state over insurer bankruptcy, frozen assets

Bankrupt Romanian insurer Astra Asigurari’s majority shareholder, The Nova Group Investments (TNG), which is controlled by Romanian investor Dan Adamescu, plans to open an international lawsuit against the Romanian state, for the company’s forced bankruptcy.

New Lidl store opens in Targu Mures

Lidl announced the inauguration of a new store in Targu Mures, bringing its local network to a total of 195 units, a press release by the company shows.

Romania’s annual inflation rate hits new low in April

Romania’s annual inflation rate went down to -3.3% in April, when compared to April 2015, which represents a new low. In March this year, the annual inflation rate stood at -3%.

Business incubators law passes by parliament

A new law aiming to support business incubators has received a favourable vote by the Chamber of Deputies and is now awaiting promulgation.

Tagor to start the construction of second stage of Adora Urban Village

Tagor, the developer of residential complex Adora Urban Village in Bragadiru area in south western Bucharest announced it would start the second stage of the project.

DTZ: Land transaction, on the rise again in Bucharest: doubled value in the first quarter

The value of the transactions with land for commercial destination in Bucharest reached in the first quarter EUR 35 million, a double value compared to the same period of 2015, the largest operation being made by the Sweden’s investor Vastint, which bought 48 ha of land in Băneasa – Sisești for a mixed-use project (mainly residential), according to DTZ Echinox.

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