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Siemens opens R&D center in northwestern Romania

German group Siemens on Tuesday, February 24, inaugurated a regional research & development (R&D) center in Cluj-Napoca, northwestern Romania, which now has 50 employees but targets 210 in the next two years.

American Village residential compound to be sold for EUR 9.3 mln

The American Village residential project in Bucharest was put up for sale for a starting price of EUR 9.3 million, representing 35 percent of the developer’s debt to BCR, the project’s lending bank, according to Mediafax.

Oracle rented a quarter of Sky Tower’s area

Oracle Romania, the local branch of the American giant Oracle, rented nine of the 36 floors of the office tower Sky Tower in Bucharest and will start in the following period to occupy the spaces situated between the 23rd floors and 31st floor, following the largest transaction on the office market since the beginning of this year.

The National Commission for Prognosis estimates an economic growth of2.8% for this year

The National Commission for Prognosis (CNP) modified upwards at 2.8% the estimate regarding the advance of the GDP for 2015, according to the Prognosis on medium-term 2014- 2018,the winter variant published on the site of the institution.

Romania enters top 10 most promising frontier markets

Romania recently joined the top 10 the most promising frontier markets, based on the perspectives offered to big investors.

EY: Most top managers see business increase in 2015, backed by investments and hiring

Top executives in Romania are optimistic about this year’s evolution of businesses they run, most respondents of a study made by EY anticipating profit increases, backed by the continuation of investments and hiring personnel.

Flat tax rate to go down from 16 to 14 pct as of January 1, 2019

The flat tax rate will go down from 16 percent to 14 percent as of January 1, 2019, Minister of Public Finances Darius Valcov announced at the government meeting for the presentation of the draft amendments to the Tax Code and the Tax Procedure Code.

McDonald’s invests EUR 2.9 mln in McCafé network in 2014

McDonald’s investments in Romania exceeded RON 13 million (EUR 2.9 million) last year, the company’s priorities in 2014 aiming, among other, the development of the McCafé network and the launch of new products.

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