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Casa Rusu in Constanta expands by 710 sqm

Casa Rusu, the furniture retailer of Romanian furniture producer Rus Savitar, announced an expansion of its space by 710 sqm, involving an investment of EUR 120,000.

Small cities present expansion options for office space market

Bucharest is leader on the office space market, followed closely by the main University centres (Cluj-Napoca, Timisoara, Iasi). Still, there’s unexplored territory in secondary university centres like Brasov, Craiova, Sibiu, Galati, says an ESOP study.

Lidl opens a new 1,200 sqm store in Bucharest

Lidl continues investments in Romania by opening a new 1,200 sqm store in Bucurestii Noi, show company representatives.

Deutsche Bank’s Romanian IT centre reaches 300 staff milestone

Deutsche Bank announced that its technology centre in Bucharest, DB Global Technology S.R.L., crossed the 300 employee milestone, ahead of the initially set target. Over 100 IT&C specialists from various IT fields have been hired only in the last 4 months.

Biggest Romanian mall owner announces EUR 220 mln mega-investment in Timisoara

Iulius Group, the biggest Romanian mall owner, will splash the cash on a mega real estate project in Timisoara, Romania’s fourth largest city. Romanian entrepreneur Iulian Dascalu, one of the country’s first mall developers, controls the Iulius Group.

Skanska’s second office building in Bucharest, now 72% leased

Swedish real estate developer Skanska has reached a 72% occupancy rate for its second office building in Bucharest, after signing in a new tenant, software producer RINF Outsourcing Solutions.

Foreign direct investment, up in Romania in the first five months

Foreign direct investment went up by 18% in the first five months of 2015 compared to the same period of last year, reaching EUR 1.29 billion.

Telekom extends by 17th of August the deadline for 24 buildings bids

Telekom Romania Communications, the largest group on the local telecom market, extends by 17th of August the bids deadline for the package of 24 real estate properties in Bucharest and other seven cities put on sale and re-letting, has announced the company.

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