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Biggest mall owner in Romania plans to build mall in small city

South-African real estate developer NEPI plans to build a shopping center in Ramnicu-Valcea, after signing a pre-contract for the purchase of a 12-ha plot in the city. The plot belongs to Belgian real estate developer BelRom.

No more tax controls for large companies in Romania

Romania’s tax authority ANAF could introduce voluntary monitoring for companies starting mid-2016, according to Ionut Simion, country managing partner PwC Romania.

Construction managers expect volumes to drop 22 pct for next three months

According to the business tendency survey of October 2015 published by the National Institute for Statistics (INS), managers in manufacturing and retail trade forecast a relative stability until the end of the year for their sectors, while construction managers foresee decreases both in production and orders.

BearingPoint opens third office in Romania

Management and technology consulting firm BearingPoint continues its expansion on the European and local market by opening its third office in Romania, located in Timisoara, company representatives announced.

Romania moves up further in World Bank’s Doing Business ranking, despite little progress in the past year

Romania ranks 37th out of 189 countries surveyed in World Bank’s recently published Doing Business 2016 report, up from 48th in last year’s ranking, and from 72th two years ago.

Four IT companies plan to hire 2,000 in Romania in two years

Four of the largest companies in the IT&C sector will expand their centers in Romania in the next two years and will hire over 2,000 people. These include Huawei Technologies, Pentalog, Microsoft, and Atos, reports local Ziarul Financiar.

GLL RE Partners acquires Victoria Office Center

GLL Real Estate Partners has acquired Victoria Office Center in Bucharest for a price believed to be around €27m.

Global real estate investment records strongest first half since 2007

Global commercial real estate (CRE) investment reached US$407 billion in H1 2015, the strongest first half to a year since 2007, and up 14 per cent year-over-year, according to the latest research from global property advisor CBRE Group, Inc.

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