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Immofinanz closes new leases for 3,600 sqm of office space in Bucharest

Austrian real estate company Immofinanz has signed new leases for office space totaling over 3,600 sqm (GLA) in some of its Bucharest projects and lease extensions for another 7,000 sqm, the company announced on Tuesday.

Medlife and World Class together with Mega Image in Piaţa Sudului

The fitness centres network World Class will open in June a new unit in the area Piaţa Sudului in Bucharest, in the same building which hosts for over a year and a half a Mega Image Concept Store supermarket, and a Medlife clinic, opened few weeks ago.

Underground passage in Piaţa Presei to be completed in May

The 550 m length underground passage will connect Bucureşti - Ploieşti Road to Kiseleff and Mărăşti, Blvds, going under Piaţa Presei Libere.

Romania’s retail turnover up 3 pct in Q1

The National Statistics Institute (INS) said on Tuesday that this March, the turnover in retail trade volume (except for the trade with vehicles and motorcycles) increased by 13.6 percent compared to the previous month as gross series and decreased as adjusted series by number of working days and seasonality by 1.6 percent.

Cora closes down hypermarket in Romania

French-Belgian retailer Cora will close on June 1 the store it operates within the retail center Galleria Arad in western Romania. It is the first hypermarket Cora closes down in Romania.

16 million broadband connections in Romania in 2014

Broadband internet connections reached the number of 16 million at the end of 2014, most of them (12 million) being mobile broadband internet connections based on subscriptions, according to the preliminary statistics presented last week by the National Authority for the Management and Regulation of Communications (ANCOM) at the 19th edition of the Communications Day Conference.

Telekom Romania to sell or rent 24 properties

Telekom Romania Communications put up for sale or partial re-letting 24 properties in Bucharest and seven other cities at a starting price of EUR 26.3 million, the company said on Thursday.

Coface: Number of insolvencies halve in Romania

The number of insolvencies decreased by 58% year-on-year in the first quarter of 2015 in Romania.

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