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Nearly EUR 2.5 million transacted in NEPI shares

Several shareholders of the investment fund NEPI sold in the end of November on the Johannesburg Stock Exchange shares of nearly EUR 2.5 million, the largest transaction, of EUR 1.8 million, being made by the company Garsol Limited, where Dan Pascariu is shareholder.

Romania’s retail trade records biggest growth in EU in October

Romania’s retail trade turnover grew by 12.1% in October compared to the same month last year, recording the biggest increase in the European Union, according to EU’s statistical office Eurostat.

Forte Partners is looking for general contractor to overview works at The Bridge office building in Bucharest

Real estate investor Forte Partners started the bid for the selection of the general contractor of the first phase of the office project The Bridge, situated in Orhideea area in Bucharest, the construction works being scheduled for starting in the first quarter of next year.

MedLife invests EUR 1 mln into Timisoara ‘hyperclinic’

MedLife has opened its second clinic in Timisoara following a EUR 1 million investment, offering 26 medical specializations, HotNews informs.

Flash Office expands its instant offices space with 400sq.m in Maria Rosetti Tower

Flash Office Solutions signed a lease agreement for an additional area of 400 sq. m Maria Rosetti Tower office building. Therefore the instant offices centres Flash Office cumulated a total area of 1,1717 sq. m in two downtown office buildings, Maria Rosetti Tower and Armand Călinescu 26.

Spanish developer borrows EUR 9 mln to build residential project in Bucharest

Spanish company Gran Via has borrowed RON 40 million (EUR 9 million) from Libra Internet Bank to cover 65% of the construction cost for its new residential project in the west of Bucharest.

Success rate of privatizations in Romania, below 25%

The success rate of privatizations in Romania has been below 25% in the last 25 years.

Orhideea area in Bucharest to be a new financial and IT pole in five years

Geo Mărgescu, CEO and founder of the real estate development company Forte Partners, says that the centre-western part of Bucharest, mainly Orhideea area, will become in the following years an attractive destination for the companies in the financial and IT fields, which will look for relocation in this area of the city.

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