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Americans invest USD 1.4 bln in Romania in 25 years

American investments in Romania totalled USD 1.361 bln on June 30, up by 4.8 pc year-on-year, and the volume of bilateral trade stood at approximately USD 1 bln, according to a press release issued by the Economy Ministry.

Construction in Romania works fall slightly in adjusted series over July but stay above last year’s values

In August 2015, the volume of construction works increased, compared to the previous month, as gross series by 5.2 percent and decreased as adjusted series by the number of working days and by seasonality by 0.4 percent, according to data by the National Institute for Statistics.

Israeli fund buys 4% stake in Globalworth

Israeli investment fund Altshuler Shaham Group, which manages EUR 15 billion worth of assets, has acquired a 4.2% stake in the fund Globalworth Real Estate Investments, controlled by Greek Investor Ioannis Papalekas.

Anchor Group appoints Optim Project Management to complete the construction of Anchor Plaza Metropol

During the last months, OPTIM PROJECT MANAGEMENT was involved in many projects meant to improve and beautify the town, the surroundings and other cities of Romania.

Carrefour signs with Canadian investor to open new hypermarket in Bucharest

French retailer Carrefour has agreed with Romanian-Canadian group Benevo, owned by the Canadian investor Michael Topolinski, to open a new hypermarket in the Victoria City shopping mall.

GTC assigns for acquisitions in Romania part of the EUR 188 million raised on stock

Real estate developer Globe Trade Centre (GTC), whose major shareholder is the American giant Lone Star, announced that it would use the nearly EUR 188 million attracted last month on Warsaw Stock for investments in office buildings and retails schemes in Poland and the capitals in the region, including Romania.

No offer for the demolition of Cathedral Plaza office building received by Bucharest City Hall

Bucharest City Hall did not receive any offer in the auction organized for the buying of consultancy services for the demolition procedures of the Cathedral Plaza building.

Sorin Vişoianu, Immofinanz: Romanian real estate effervescence confirms the economy’s ascending trend

Sorin Vişoianu, country manager office & logistics for Romanian and Bulgaria within Austrian group Immofinanz, says that the local real estate market gave signs of recovery, more projects being announced or already started by the investors.
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