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Why Romania is a good destination for investments

The costs with work force in Bucharest - the most expensive local city from the point of view of salaries – are almost 20% lower than those in Warsaw (Poland), Bratislava (Slovakia) and 15% lower those in Prague (the Czech Republic) which makes Romania one of the best destinations for investment, shows an analysis made by the consultancy company in management Hay Group Romania.

Best new architectural works in Romania

The Carturesti bookstore in Bucharest’s Old Town, the Bucharest restaurants Alt Shift and Simbio, and the residential club Stejarii Country Club have been chosen among the best architectural works and projects carried out between 2014 and 2015 at this year’s edition of the Bucharest Architecture Annual.

Dubai to build world’s first 3D printed office

Plans have been revealed today in Dubai for the world’s first fully functional 3D printed building, an ambitious move that will establish the UAE’s position as the global centre of technology in architecture construction and design.

Petrom is looking for neighbours and sells plots near Petrom City

OMV Petrom, the only local oil and gas producer, put on sale several real estate properties, three plots of land being situated right next to the company’s headquarters, Petrom City, at the crossroad between Soseaua Străuleşti and Coralilor St.

A quarter of Romania’s SMEs expect better economic results in 2015

Almost a quarter of the local small and medium-sized enterprises (SMEs) expect better economic performances this year compared to 2014.

Globalworth paid EUR 42 million for the first building in Green Court complex

Real estate development company Globalworth has closed the acquisition transaction of the first building of the Green Court office project, paying EUR 42 million to Sweden’s Skanska, the developer of the building.

Profi rents almost 5,000 sqm at CTPark Bucharest West

Profi discount supermarket rented 4,900 square meters at CTPark Bucharest West, former Mercury Business Park, recently bought by CTP real estate developer.

Papalekas to attract EUR 45 million financing for Bucharest One tower and other acquisitions or projects

Real estate investment company Globalworth, founded and controlled by the businessman Ioannis Papalekas, has obtained a short term financing from the groups Oak Hill and York Capital, controlled by Amercian investors, according to information on company’s website.

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