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AFI Europe Romania posts EUR 30 mln net operating income at nine months

AFI Europe Romania posted a net operating income (NOI) of EUR 10.2 million in Q3 and close to EUR 30 million in the first 9 months of 2015, according to the company’s financial data, showing an 8,2 percent increase in results y-o-y.

Mega Image opens six stores in one week, reaches 453 units

Mega Image supermarket chain opened six new stores in Bucharest last week, taking its network to 453 units, company representatives announce.

Belgium’s Atenor negotiates the sale of Hermes Business Campus office park in Bucharest

Real estate developer Atenor Group negotiates the sale of Hermes Business Campus, its office complex in northern Bucharest. The complex includes three buildings with a total area of 73,180 sq. m and its tenants include companies such as Idea Bank (RIB), Lavalin, Luxoft, DB Schenker or Xerox.

Almost half of all companies in Romania, active in the service sector

Over 205,000 firms, or about 42.4% of the total number of companies which were active last year in Romania, were in the service sector, according to the National Statistics Institute (INS).

Spanish developer builds nine apartment blocks in Bucharest

Spanish real estate developer Gran Via will build nine apartment blocks with over 1,100 homes near the Plaza Romania shopping center in western Bucharest.

Poor cash flow and high loan rates among main insolvency reasons in 2015, says Coface

Overdue debt collection, faulty cash flow management, high loan rates and low investment results are among the leading reasons companies in Romania entered the insolvency procedure in 2015, shows a study by Coface.

Regina Maria opens clinic in Romania’s Iasi, with EUR 1.8 mln investment

Private healthcare network Regina Maria has opened a clinic in Iasi, eastern Romania, as well as an analysis laboratory and an imaging center. The total investment amounted to EUR 1.8 million.

Romanian drug producer wants to become real estate developer

Romanian drug producer Sintofarm has summoned its shareholders at the end of December to decide if the company will change its activity to real estate development.
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