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General Concrete secures EUR 6 mln loan for residential development in Bucharest

General Concrete Land Development has secured a EUR 6 million loan from Garanti Bank for the development of Sunflower Grand Apartments, a residential project in Bucharest. The funding was granted for a period of three years.

Bankrupt company of Alia Apartments developer to sell nearly 2 ha plot in Baneasa for EUR 4 million

A plot of land exceeding 17,400 sq. m, situated in Baneasa district in Bucharest, bought in 2008 with nearly EUR 12 million by the currently bankrupt company Alia Parking is up for sale for a starting price of EUR 4 million, according to information from the website of Casa de Insolvenţă Transilvania, the company’s judicial liquidator.

Casa de Insolvenţă Transilvania relocates its offices to Green Court in Floreasca

Casa de Insolvenţă Transilvania (CITR), judicial administrator for insolvent companies, relocates in June its headquarters from Phoenicia Business Center, situated near Unirii Blvd., in Bucharest to the business park Green Court, situated in Barbu Văcărescu area,a ccording to sources in the market.

Xerox opens new customer care center in Bacau

Document management company Xerox announced it will expand the range of services for its European customers with the opening of a new customer care center in Bacau, where it will hire 140 people. This center will target customers in Italy.

Marks & Spencer opens first food store in Romania

Marks & Spencer (M&S), one of the leading retailers in the UK, announced on Wednesday the introduction, in premiere on the Romanian market, of the M&S Food division, which comes with the opening of the company’s latest clothing and food store within Plaza Romania shopping center in Bucharest. The store’s launch will take place on Thursday, May 7, at 10 am.

American hedge fund sells USD 32 mln worth of Romanian Fondul Proprietatea stock

American hedge fund Elliott was the first to take advantage of Romanian investment fund Fondul Proprietatea secondary listing on the London Stock Exchange (LSE).

Bucharest’s modern office stock goes slightly up to 2.2 mln sqm

The modern office stock in Romania’s capital Bucharest reached 2.2 million sqm in the first quarter of 2015, up 2% compared to the previous quarter.

EC revises up Romania’s GDP growth forecast

The European Commission said on Tuesday it raised its forecast for Romania’s economic growth to 2.8 percent for 2015 and 3.3 percent for 2016, as a result of strong private consumption and recovering investment.

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