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Romanian investor expands his new mall due to high demand

Romanian investor Florin Pogonaru has decided to expand by 16% the area of his Veranda shopping center, which he develops on a 4.5-hectare plot near Bucharest’s Obor market.

Foreign direct investment up to nearly EUR 2.8 billion in Romania

Foreign direct investment in Romania increased by EUR 270 million in October, reaching EUR 2.784 billion after the first ten months of the year.

CBRE’s head of investment properties in Romania gets promoted to regional position

Gijs Klomp has been promoted as head of investment properties, Central & Eastern Europe, with CBRE, starting January. He will also retain his current position as head of CBRE investment properties in Romania.

Moody’s changes outlook on Romania’s Baa3 ratings from stable to positive

Moody’s has changed the outlook on Romania’s Baa3 government ratings from stable to positive. The agency has also affirmed Romania’s Baa3/P-3 ratings.

Sutdy: Construction costs in Bucharest, the cheapest in Europe

The costs associated with constructing the buildings of tomorrow, around the world are varied and unpredictable. Rapidly shifting commodity prices, political instability and fluctuating currencies conspire to make investment and development decisions highly complex and fraught with risk.

Foreign investors face the lack of skilled workforce in Romania

Romanian, German, and French investors in Romania consider that the lack of qualified personnel is one of the most important problems in the local business environment, according to a survey conducted last week by the Romanian-French Chamber of Commerce (CCIFER) and the Romanian-German Chamber of Commerce (AHK).

EY Romania moves to larger office in Timisoara as regional activity grows

EY Romania’s team in Timisoara has recently expanded to 20 members and has moved to a larger office space in the City Business Centre building, which is also in line with the company’s global concept of Workplace of the future, representatives inform.

Analysis: The Bucharest-Ilfov region is the most developed of Romania

The Bucharest-Ilfov region is the most developed of Romania, with a Gross Domestic Product on inhabitant worth 131 pct of the European average, which means that Bucharest is above other European capital cities, such as Athens (98 pct), Madrid (128 pct), Berlin (113 pct) or Budapest (108 pct), an analysis sent by Friedrich-Ebert-Stiftung Romania says on Wednesday.

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