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Two new office buildings in Iaşi to host 2,100 employees

Iulius group, controlled by the Romanian entrepreneur Iulian Dascălu, will complete in the first half of this year two office buildings within the Palas Iaşi project, which will increase with 60 pct. the office area and where nearly 2,100 employees could work.

Flavours to take over Willbrook Business and Convention Center management

Flavours, the operator of Fratelli club and other restaurants across Bucharest, has announced it is taking over the management of Willbrook Business and Convention Center starting this March.

Romania records third largest growth in EU

Romania recorded the third largest economic growth in the European Union in the last quarter of 2015, according to EU’s statistical office Eurostat.

Lidl to build new 12,500 sqm HQ in Bucharest with Skanska

German grocery chain Lidl has unveiled on Wednesday plans to open a new office building and a store in Bucharest in partnership with construction company Skanska.

Net investments in Romania reach EUR 16 bln

The net investments in Romania’s economy totaled EUR 16 billion in 2015, up by 8.4% compared to 2014.

Zacaria Group invests EUR 20 million in a new residential project in Bucharest

Real estate developer Zacaria Group enters the Romanian residential market with an investment of EUR 20 million in a project which includes 280 units situated in northern Bucharest.

INS confirms previous GDP growth of 3.7 pct for 2015

According to data released by the National Institute for Statistics, Romania’s economy advanced 3.8 percent (seasonally adjusted) in the last quarter of 2015 year on year, while gross series showed a 3.7 percent increase, showing no change to previously announced values.

ParkLake reached 94pc of total GLA for its September opening

ParkLake, a Sonae Sierra and Caelum Development Joint venture project, announces the opening for September 2016 with further tenant agreements reaching over 94pc of its Gross Leasable Area (GLA). The new tenants range from clothing, sports equipment and toys to sports and fitness services providers.
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