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Almost 70 pct of Romanian startups use personal funds for kickoff

Some 69 percent of entrepreneurs used their own funds to start a business in Romania, according to the 2016 Startup Business Barometer study by EY and Impact Hub. These numbers are close to the ones registered in the United States, where 73 percent used their own savings, based on data from the Global Entrepreneurship Monitor 2012 US Report.

Romanian software producer Fortech opens new operational center

Romanian software developer Fortech opened a new operational center in Oradea, in western Romania.

IMMOFINANZ considers Hungary as a promising field for long-term investments

With its nearly EUR 6 billion real estate portfolio – which covers more than 380 properties – in eight core markets in Europe, IMMOFINANZ is a significant player on the market. The Group’s properties in Hungary represent nearly 8% of the company’s total portfolio, including 12 office buildings and 13 retail properties. The company’s Hungarian subsidiary is contributing to the overall success strongly. Viktor Nagy, Country Manager Asset Management Office, IMMOFINANZ Hungary, has been asked to answer a few questions about the company’s successes and plans.

Timisoara Shopping City, a new successful project delivered by OPTIM PM

Optim Project Management is pleased to congratulate NEPI on the official opening, 31 March 2016, of Timisoara Shopping City. This new and most modern shopping mall outside of Bucharest, with a GBA of 74.000 sqm, was delivered in record time and comprises a Retail Mall, 13 screen Cinema City Complex including 4DX technology and IMAX and a Food Court area.

Offshore firms have EUR 1.1 bln capital in Romanian companies

Companies registered in tax havens such as Panama, Seychelles, Netherlands Antilles, British Virgin Islands or Bermuda, control more than 1,200 firms in Romania, in which they have invested over EUR 1.1 billion, according to Romania’s Trade Registry.

CGS opened in Miercurea Ciuc its sixth call center in Romania

American outsourcing company Computer Generated Solutions (CGS) opened a new call-center in Miercurea Ciuc, the sixth in Romania, where mostly Hungarian speaking employees will work, the company announced.

IMMOFINANZ’s gift for your headquarters: ONE summer

Relocate in June, pay in September!

JLL appoints Mariana Stamate as Head of Property Management for Romania

JLL has appointed Mariana Stamate as Head of Property Management for Romania with immediate effect. She will be responsible for coordinating JLL Romania integrated Property Management solutions for international property funds, private investors, developers, corporate owners and occupiers.

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