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Study: 88 pct of the Romanian entrepreneurs are expecting business growth in 2015

The majority of local entrepreneurs are confident about the local economy’s evolution and estimate that their companies will have higher revenues this year, showing that the Romanian business environment is moderately optimistic, according to a study by Raiffeisen Bank.

Marius Şcuta, JLL: Real estate market continues its ascending trend

The area Aurel Vlaicu-Barbu Văcărescu will continue to develop in the following period, as six-seven office buildings will be developed in the area, but big chances are that the central-western Bucharest also get the attention of the investors, from Basarab bridge to AFI Cotroceni, considers Marius Şcuta, head of office department and tenant represen­tation of John Lang LaSalle (JLL) .

World Bank continues to finance Lidl and Kaufland expansion in Romania

German retailers Lidl and Kaufland, both owned by the German group Schwarz, will receive a EUR 60 million loan from the World Bank to continue their expansion in Romania.

Fitch Ratings affirms Romania at 'BBB-' and 'BBB' and Stable Outlook

Fitch Ratings has affirmed Romania's long-term foreign and local currency Issuer Default Ratings (IDR) at 'BBB-' and 'BBB', respectively, the Public Finance Ministry informed in a Saturday release.

Construction starts on first solar powered residential complex in Romania

Construction works on the Solar Neighbourhood, the first project in Romania designed to be powered by photo voltaic solar panels, have started in Bucharest and are projected to end in September 2017, according to an announcement by developer Ad Astra Partners.

GLL Real Estate Partners buys Floreasca Park for over EUR 70 mln

German investment fund GLL Real Estate Partners is in the process of acquiring the Floreasca Park office project in Bucharest from its developer Portland Trust for over EUR 70 million, according to local media reports.

Iulius Group to build 9,000 sqm building in Palas Iasi complex

Palas Iasi will expand to a 62,000 sqm GLA through the addition of United Business Center (UBC) 6, a 9,000 sqm Class A office building, shows a statement by the developer Iulius Group.

CENTRAL EUROPEAN OFFICE FORECAST 2015-2017

According to global property adviser Cushman & Wakefield, the outlook is generally positive in the Central European office markets of Czech Republic, Hungary, Romania, Poland and Slovakia. Three out of the five markets are anticipating rental growth over the next three years (Bratislava, Budapest and Prague).

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