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Bog'Art named general contractor for Veranda Mall

Bog'Art was named general contractor for Veranda Mall, which will go up near Bucharest’s Piata Obor district. Completion is set for fall 2016.

Liviu Tudor: Real estate brokers try to influence the market towards prices growth

Real estate brokers try to transfer the positive feeling in Romanian economy in their advantage and psychologically influence the market towards land prices growth, has declared Liviu Tudor, president of Genesis Development, during a real estate conference.

Romanian PM: Govt. wants to raise minimum wage three times by 2017

The Government plans to raise the minimum wage in three steps next year so that it reaches RON 1,400 (EUR 316) by January 2017, said Prime Minister Victor Ponta. The incremental increases are easier to absorb both by the private and the public sector, Ponta added.

Romanian businesses jump up one spot in Deloitte Central Europe Top 500

The largest Romanian companies present in Deloitte Central Europe Top 500 saw a median annual revenue growth of 5.3 percent compared to the regional rate of just 0.3 percent, shows data from the latest Deloitte study.

ANEVAR estimates real estate valuation market at EUR 35 mln

The Romanian real estate valuation market is estimated at EUR 35 million, more than half being represented by dealing with banks, said the president of the National Association of Certified Valuators in Romania (ANEVAR), Adrian Vascu quoted by Mediafax.

Business Construct: The Half a Billion Euros ‘Swarm’ in Northern Bucharest

On a radius of less than a kilometre around Pipera Passage Aurel Vlaicu metro station, construction sites of half a billion Euros have transformed this area in Northern Bucharest in a true “swarm” of cranes this period.

Romania, among countries with highest economic growth in EU

Malta, the Czech Republic and Romania recorded the highest economic growth rates in the European Union in the second quarter of the year compared to the same period in 2014.

Romanian entrepreneurs have limited access to financing

Romanian entrepreneurs face challenges such as the shortage of specialized human resources, the lack of strong brands, or the limited access to financing and consulting, according to the US business consultant Dale Richards.

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