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Romania among countries with record number of insolvencies

Romania ranks 10th of 42 countries in a Euler Hermes top, according to the number of insolvencies in 2014 and was included in the group of countries with record level of firms in insolvency, trying to get stable. A slight drop of 1% is estimated for this year.

Alina Necula is the new head of marketing of Immofinanz Romania

Alina Necula has been appointed head of marketing of Immofinanz Group’s local branch, the Austrian real estate company announced on Tuesday.

Romania reaches the lowest inflation rate in the last 25 years

The average prices in the last 12 months (January 2014 – December 2014), determined on the basis of the Consumer Price Index (CPI), grew by 1.1 per cent year-on-year, while the ones determined on the basis of the harmonized consumer price index (HCPI) grew by 1.4 per cent. In 2013 the annual inflation rate reached the record low of the last 24 years – 1.55 per cent.

Rising transactions encouraged developers to begin new projects

The number of luxury dwellings in Bucharest grew by 12%, encouraging developers to begin big projects, according to Nordis representatives, a company with a portfolio of 2,500 properties in central areas.

AFI Europe delivers third building of AFI Park in Bucharest

Real estate investment and development company AFI Europe has completed the third building of its AFI Park office project in Bucharest, the company announced on Tuesday.

Construction work volume down by 9.5% in Romania

The volume of construction work decreased by 9.5% in the first 11 months of 2014 year-on-year, according to data of the National Institute of Statistics (INS).

Top of most attractive office projects in 2014, the buildings which attracted companies with 15,000 employees

Ten office projects in Bucharest, completed or in development, have attracted last year 50 new tenants which rented total spaces of 138,400 sq. m.

Real estate developers looking for EUR 250 million to continue projects

A series of real estate developers will be looking to attract this year bank financing of approx. EUR 250 million in order to continue the mall and office projects, the most important funds being necessary for the construction of the ParkLake Plaza mall in Titan and of the office tower Bucharest One in Calea Floreasca, according to ZF analysis.

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