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Eurostat: Romania’s house prices increase – 5th highest in EU in Q4 of 2014

House prices in Romania registered a quarterly growth of 1.8 per cent in Q4 of 2014. In the European Union house prices stagnated, while in the Euro Zone they dropped by 0.1 per cent, the data published on Wednesday by Eurostat shows.

NEPI postpones the opening of Mega Mall for May 14

South African investment fund NEPI (New Europe Property Investments) will open the Mega Mall shopping center in the vicinity of the National Arena in Bucharest on May 14, the developer has announced. The EUR 165 million shopping mall was supposed to officially open on April 23.

US group Kellogg’s is hiring for service center in Bucharest

US cereals producer Kellogg’s is currently looking for employees for its new service center in Bucharest.

Companies rented more offices in the first quarter

Companies rented in the first quarter offices totalizing nearly 85,000 sq. m, with 75 pct in Bucharest, with 15 pct increase compared to the similar period of last year, according to Esop real estate consultancy company.

CIS: almost 40%of the companies consider that the capital investments in Romania are not competitive

Over 60% of the companies are expected to have an increase of the income by almost 15%, advance supported by the domestic market rather than by exports, and on the other hand 40% consider that the capital investments in Romania are not competitive, shows a study of the Council of Foreign Investors (CIS).

IMF: Romanian economy to grow 2.7% in 2015

Romania’s economy will increase this year by 2.7%, according to a report by the International Monetary Fund (IMF) published on Tuesday, April 14. IMF experts have maintained their forecast from the end of their visit in Bucharest in February.

DTZ: Real estate transactions in Romania advance more than four times in 2014

Real estate transactions in Romania stood at 1.3 billion euros in 2014, up 4.3 times from 2013, according to a DTZ Research study.

S&P confirms Romania’s investment grade rating

Credit ratings agency Standard & Poor’s has confirmed Romania’s rating to ‘BBB-/A-3. The rating refers to the short-term and long-term debt in local and foreign currency.

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