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Insolvent real estate project in Romania posts EUR 76 mln debts

The real estate project Pipera City, currently under insolvency, has amassed EUR 76 million debts, EUR 27 million of which to the local bank Bancpost, reports local Wall-street.ro.

Orange Romania relocates half of its employees in Green Court

Orange Romania has relocated 1,630 of its local employees in the first building of Green Court, an office building developed by Skanska in northern Bucharest.

CBRE Romania recruits new member for retail department

Elke Schopf has joined the retail department of real estate services firm CBRE Romania, the company has announced. She has over 15 years of professional experience in real estate and will coordinate the lease of one of the shopping centers exclusively represented by CBRE Romania.

Romania plans huge compound for justice HQ

Romania plans to build ‘Headquarters for Justice’, a EUR 270 million compound that will host legal institutions.

Green light for shopping center behind historical building in Bucharest

The Bucharest City Hall has given the green light for a 12,000 sqm shopping center behind the Stirbey Palace on Calea Victoriei, downtown Bucharest.

Total net assets of five SIFs stand at 6.58 billion lei at end-2014

The net assets of the five financial investment companies /SIFs/ put together stood, in late December 2014, at 6.58 billion lei, by 0.5% higher compared to that in the previous month and by 0.4% lower than in 2013, according to the data released on Wednesday by the Association of Asset Managers in Romania /AAF/.

Half of CEOs in Romania are very optimistic about revenue growth

CEOs in Romania are more optimistic about the growth prospects of their companies but remain cautious about the global economic context, according to the PwC Global CEO Survey 2015.

New underpass to connect Unirea Shopping Center to Bucharest metro

Unirea Shopping Center in Bucharest will be connected to the Unirea metro center through an underpass set to be finished within five months, according to an announcement by Metrorex, the operator of the Bucharest metro, quoted by Mediafax.

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