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Secure Property bought Praktiker Craiova for EUR 6.1 million

Investments fund Secure Property Development & Investment has completed the acquisition of Praktiker store in Craiova from Cyprus’s fund Bluehouse Capital for EUR 6.1 million, a price 39 pct. lower than the acquisition price paid by the seller four year ago.

Three young entrepreneurs invested EUR 30,000 in a new Bucharest office hub

Two engineers, Alexe Alexandru and Laurenţiu Oprea, together with an architect - Alexandru Predonu – invested EUR 30,000 in a new work hub in Bucharest, the budget covering the fit-out costs, as well as the furniture and equipment costs.

CA Immo bought EBRD’s shares in Europe House and River Place offices

Austrian group CA Immo, which owns several office buildings in Bucharest, with a total area of approx. 100,000 sq m, bought back the minority stakes of the EBRD in several properties in Eastern Europe, including the office buildings Europe House and River Place in Bucharest.

Three days to register a company in Romania

Romania’s National Trade Registry’s Office (ONRC) will issue registration certificates for new companies in three days after filling the request, if no additional documents are needed, the institution announced on July 13.

Construction work up in Romania

The construction work volume in Romania went up by 4.7% in May 2015 compared to the same month of 2014, in gross terms, and by 7%, in seasonally adjusted terms.

AFI buys 40,000 sqm in Brasov for retail and office spaces

AFI Europe Romania has bought a 40,000 square meters (sqm) plot in Brasov, where it plans to develop a shopping mall and an office project forecast to be finished in October 2017, announce company representatives.

Fourth and fifth buildings within AFI Park office project take shape near Cotroceni mall

Real estate developer AFI Europe, controlled by billionaire Lev Leviev, completed the structure of fourth and fifth buildings within AFI Park project, built around the commercial centre AFI Palace Cotroceni in Bucharest, also having started recently the mounting of the glass facades.

Romania’s inflation negative for first time in 25 years

Romania’s inflation rate has registered a value of -1.6 percent in June 2015, according to the National Institute of Statistics (INS). This is the first time since 1989 that negative values are recorded for the inflation rate.

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