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White Star acquires AIG real estate platform

AIG has announced that it has sold 100 percent of the interests in the joint-venture management company formerly known as AIG/Lincoln to White Star.

Retailer Profi launches new store concept in Romania’s rural areas

Retailer Profi opened 11 stores under the Loco brand on Saturday (August 8), marking the inauguration of a new store concept for rural areas in Romania.

Inflation rate down to to -1.7 pct following July price cut

Consumer prices fell 0.2 percent in July compared to June, while the annual inflation rate fell to -1.7 percent, from -1.6 percent in June, show data from the National Institute for Statistics.

Prefab to sell its former headquarters in Bucharest for 2 million lei

Construction materials producer Prefab Bucharest, controlled by Marian Miluţ, intends to sell four apartments with 580 sq. m in a residential building downtown Bucharest, where the former headquarters of the company was previously set, hoping to get at least 2 million lei.

TPG buys TriGranit for more than 500 million euro

U.S. private equity firm TPG has agreed to buy Hungarian real estate developer TriGranit and its more than 500 million euros ($547.95 million) worth of commercial property assets in Central and Eastern Europe, TriGranit said on Monday.

Martin Slabbert leaves NEPI

Martin Slabbert, founder of NEPI, resigned as Chief Executive Officer and left the Board of Directors of the Company.

Foreign capital in Romania – over EUR 41.4 bln

According to the statistics published by the National Trade Registry Office (ONRC), since 1990 the value of foreign capital invested in Romanian commercial companies totals EUR 41.415 bln.

Domenii Park complex sells over 90 pct of the apartments

Domenii Park, an investment of EUR 16 million by Cyrom Investment, announced that it sold over 50 of the 63 apartments in the complex located in northern Bucharest.

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