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AFI Europe buys land for a mall in Brasov

AFI Europe closed a preliminary agreement to purchase the land owned by the retailer Cora in Brasov Civic Center, where the company wants to build a mall, the decision being taken in the context in which the first project of this type in the city, Coresi, developed by Immochan, will be delivered next month.

Polish investment fund gets direct fiscal registration to invest in Romania

Polish investment fund Quercus TFI completed the first direct fiscal registration in Romania by a foreign investor. The fund will thus be able to invest on the Romanian capital market without appointing a fiscal agent or representative, which will help it save up to a few thousand euro in fees.

Romania had the third-largest economic growth in CEE, behind Hungary and Poland

In Q4 last year Romania’s economic growth stood at 2.5 pc, behind Hungary, Poland, Estonia and the United Kingdom

Romania sees foreign investments drop by 11 pct in 2014

Non-residents’ direct investment in Romania is estimated at EUR 2.42 billion in 2014, according to data released on Friday by the National Bank of Romania (BNR). This marks a 10.6 percent drop compared to the post-crisis peak reported in 2013.

Re/Max: Only 25 pct of real estate transactions in Romania are brokered

Only 25 percent of real estate transactions in Romania are brokered by real estate agents, while in other countries the percentage goes up to 95 percent, according to studies conducted by real estate franchised agency RE/MAX. The main reason is the lack of customer confidence in the real estate agents.

Housing offer in Bucharest up by 70 pct in January

The number of residential properties available for sale in Bucharest increased in January by over 70 percent compared to the same period of 2014, with an advance of 81 percent of the central, semi-central and Northern areas offer where there is an increase in demand and prices, according to HomeFinders.

‘Beverly Hills’ near Bucharest with EUR 12 million

Romanian investor Dragos Cinca wants to build this year about 40 villas, part of a residential complex located in Corbeanca, near Bucharest. He calls this area ‘Bucharest’s Beverly Hills’.

Turkish fashion retailer invests EUR 0.5 mln in its largest store in Romania

Turkish fashion retailer Koton will open on Friday, February 13, its largest store in the Romanian market. It is located in Bucuresti Mall shopping center.

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