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Bucharest office transactions top: Oracle, Genpact and Carrefour

Largest ten office transactions in Bucharest in the first four months of this year totalled approx. 48,500 sq. m, most of them being relocations, renegotiations or renewals, shows a study made by ZF, based on the data from real estate consultancy companies.

Altex opens new store in Timisoara following EUR 5.4 mln investment

Electronics retailer Altex opens on Thursday the largest store in Timisoara, following a EUR 5.4 million investment, the show-room having 2,400 square meters and an offer of 15,000 products, reports Mediafax.

Staples to enter Romanian market

Staples, the world’s top supplier and third-largest online retailer of office supplies and office furnishing will expand in Romania, where it has signed an exclusive partnership with Dacris, a top local office supply store.

Video game developer Ubisoft expand and hires 300 in Romania

Video game developer Ubisoft’s Romanian studio has expanded headquarters for its 1,200 employees and it will hire another 300 people.

Romania and Czech Republic post highest economic growth in EU

Eurostat, the European Union’s Statistics Office, has published its GDP growth data for Q1 of 2015, as well as the year-on-year growth registered in the first three months of this year.

Average net salary goes up in Romania in April

The average net salary in Romania amounted to RON 1,857 (EUR 421) in April, 1.5% higher than in March (RON28). Compared to April 2014, the increase was of 7%, according to latest data from the National Statistics Institute.

Sign of growth for constructions: Strabag doubled its turnover in 1Q

Austrian group Strabag, which has made the highway Deva-Orăştie and the tallest office building in Bucharest, Sky Tower, ended its first quarter with business of nearly EUR 41 million, with 114 pct. growth compared to the first three months of 2014, according to data from the company’s quarterly report.

Business Review organizes Realty 2015, the Romanian Real Estate Market Forum, on June 18

What are the trends shaping the local real estate market in 2015? Office, retail, industrial and residential – what factors will influence the evolution of each of these segments by year end? Will the market come close to last year’s record level and will new players make an entrance? These are just a few of the topics that will be discussed at Realty 2015.

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