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Ilfov county remains in the lead for highest average net wages in 2016

Ilfov county, including the capital Bucharest, will remain the Romanian county with the highest net wages in 2016, reports Gandul. According to data from the National Prognosis Committee (CNP) and the Statistics Institute (INS), this year’s average net wage in Ilfov will be RON 2,363 (EUR 523), an increase of 7 percent from 2015, according to the same source.

Real estate transactions registered EUR 800 million last year, below the level of 2014

Romania attracted in 2015 real estate transactions with a total value of nearly EUR 800 million, down compared to 2014, when EUR 1.15 billion real estate projects were transacted, including offices, retail, and industrial properties.

Industrial facilities market: Romania starts to be preferred instead of Poland and Czech Republic

On the industrial segment we assist to a growth, mainly in the production area, being a certitude that in 2014 Romania started to be preferred instead of Poland or Czech Republic, due to lower labour costs, qualified personnel and level of instruction.

EUR 11 million capital increase for the company controlling Novo Park offices in Bucharest

Businessman Liviu Tudor, one of the biggest office spaces owners in Bucharest, has increased with EUR 11 million the capital of one of the companies controlling the business park Novo Park in Pipera.

Bosch opens second business services centre

Bosch Service Solutions, a top-level supplier of business process outsourcing (BPO) services, opened a new business services centre in Timisoara on December 14, in order to back its continuous growth and development plans.

Mega Image relocates 500 employees from Griviţa area to Plaza Romania mall in Bucharest

Belgian retailer Mega Image relocates in 2016 its headquarters from Griviţei area in Bucharest to Plaza Romania mall, according to ZF.

BCR lends Globalworth €20m loan for Green Court acquisition

Globalworth Real Estate Investments has completed its acquisition of the second office building in Green Court from its developer Skanska Property Romania.

Investments to be Romania’s main economic propeller in 2016, says EY

Both EU funding and private investments are expected to be the main forces behind Romania’s economic increase for the next year, according to EY’s December Eurozone Forecast.

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