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Continental completed EUR 6.5 million building for its R&D centre in Sibiu

Continental Automotive Romania, the electronic parts manufacturing division of Continental, completed an investment of EUR 6.5 million in a new building on two floors within the research and development centre from Sibiu.

Bucharest and Constanta apartments post highest price drop in last six years

Apartments in capital Bucharest, as well as in Constanta and Ramnicu Valcea in Romania registered the largest price decreases in the past six years, of over 40%, according to data from imobiliare.ro, cited by local Mediafax.

Discreet investor to develop five floors office building near Charles de Gaulle Square

The new office building will be developed on a plot of land of nearly 1,500 sq. m, situated on the boulevard connecting Arcul de Triumf to Charles de Gaulle Square in Bucharest.

Andreea Păun, Colliers: Office request is double compared to the level of deliveries

The office stock in Bucharest will increase this year, same as in 2014, with approx. 100,000 sq. m, while the request level is double, has declared to ZF Live Andreea Păun, associate director in the office department of the real estate consultant Colliers.

Office rentals up 5.57 pct. in Bucharest and up to 61 pct outside Capital city

The office space traded last year in Bucharest and major cities in Romania totalled around 346,000 sqm, up 9.9% year-on-year.

Dedeman, biggest retailer on the DIY market in Romania, builds its 4th store in Bucharest

Romania’s Dedeman is building its fourth store in Romania’s capital city, which will be inaugurated on Bucharest’s Theodor Pallady Boulevard in March.

Kaufland Romania to add 9 stores to its network in 2015

German-held food retailer Kaufland will continue its expansion in Romania in 2015 by opening nine more hypermarkets, bringing its local network to 111 stores, according to company data.

New Fiscal Code by February 15, Romanian Govt. keeps flat tax

The new Fiscal Code and the Fiscal Procedure Code will be finalized by the Government until February 15 and will be submitted to the Parliament by March 15, to be debated and adopted, said Prime Minister Victor Ponta. He added that the 16% flat tax will not be modified in 2015 and 2016.

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