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Lone Star prepares the selling of Galleria Arad and Piatra Neamţ

Real estate developer Globe Trade Centre (GTC), whose sole shareholder is the American giant Lone Star, has restructured the credits from EBRD, took for the development of the malls Galleria Arad and Piatra Neamţ, movement that allows the company to continue the “cleaning” process of underperforming assets, a category which also includes the two projects.

DIY retailer Dedeman opens EUR 13 mln store in northern Romania

Romanian DIY retailer Dedeman, owned by local entrepreneurs Adrian and Dragos Paval, will open a new store in Suceava, in northern Romania, following a EUR 13 million investment.

Lidl and Kaufland’s expansion in CEE, including Romania, financed with public money

Retailers Lidl and Kaufland, which are owned by German Schwarz Group, have received almost USD 900 million in public development funds from a division of the World Bank and the European Bank for Reconstruction and Development (EBRD), to finance its expansion in Central and Eastern Europe, including Romania, in the last ten years.

Shimshon Younger wants to sell his Bucharest office buildings for EUR 16 million

Israeli businessman Shimshon Younger is testing the market with his two office buildings, Armand Business Center and Victory Business Center, developed and rented in the last years of crises. He intends to get from the sale EUR 16 million.

Lower average net salary in Romania in May

The average net salary in Romania amounted to RON 1,806 (EUR 406) in May this year, 2.7% lower than in April. Compared to May 2014, the average net wage increased by 7.4%, according to recent data from the National Statistics Institute (INS).

Real Estate: Romanian real estate market is showing signs of revival

The Romanian real estate market is showing signs of revival, with the volume of construction works up by 12 percent year-on-year in the first quarter of 2015, and 3pct more building permits, according to an analysis issued by the Tradeville brokerage house.

Moody's: Average growth rate of around 3pct in the next few years for Romania

Moody's Investors Service expects improved competitiveness, reduced domestic macro-economic imbalances, and an ongoing recovery in employment and domestic consumption will result in an average growth rate of around 3 per cent in the next few years for Romania.

The Park project’s developer in Bucharest considers new residential and office projects

Lithuania’s real estate developer Hanner Group, which is currently building the residential project The Park near Tineretului Park in Bucharest, will deliver by the end of the year the second building within the project and will start works for the third building,

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