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NEPI brings former accountant from financial group Barclays as non-executive director

NEPI announces the appointment of Robert Reinhardt Emslie as non-executive director within the company’s Board of Directors, as a member of the Audit Committee and Compensation Committee.

Romania’s economic growth could reach a peak this year

Romania’s economic growth could reach a high of 4.2% this year, according to the European Commission’s winter economic forecasts.

Medicover invests EUR 400,000 to relocate clinic in Romania’s Ploiesti

Swedish healthcare provider Medicover has invested EUR 400,000 in relocating a clinic in Ploiesti, Romania.

Alpha Bank to become real estate developer for two residential projects in Bucharest

Alpha Bank, one of the top ten’s banks in Romania following the value of assets, founded a real estate division to be in charge with residential development. The bank is trying therefore to recover part of the money invested in the boom period in such projects, but the apartments price dropped with 40-50 pct. ever since.

Czech CTP in negotiations to buy Swan offices in Pipera

CTP Invest, one of the most active companies on the local market, which signed transactions of EUR 130 million, considers buying the office complex Swan Office & Technology Park in Pipera-Tunari area, near Bucharest.

IT&C companies took over 60 pct. of the pre-rental transactions on the office market in Bucharest

The office market in Bucharest have registered in the last five years transactions signed for nearly 1.24 million sq. m of modern spaces, with pre-rental transaction representing approx. 17 pct and higher values in the last two years.

Veranda Mall in Bucharest reaches 70 pct occupancy rate before proposed opening

Veranda Mall, a commercial complex in Bucharest’s Obor area, has reached a 70 percent occupancy rate before its scheduled opening in the last quarter of the year, developer Prodplast Imobiliare announces.

Insolvencies drop, deregistration and closures surge in 2015

The number of insolvencies of Romanian companies decreased in 2015 by 50.38 percent, while deregistration surged by 23.39pc, dissolutions by 52.53pc and temporary suspensions of operations by 12.1pc, according to data released by the National Trade Register Office (ONRC).
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