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Russian media group Sputnik intends to open office in Bucharest

Russian media group Sputnik News is preparing to open offices in Bucharest and Chisinau. The group is controlled by the Russian state and includes a radio network and a network of news in various languages, writes Mediafax newswire.

German official: Romania will not access Schengen in 2015

The chairman of the commission for internal affairs of the Bundestag Wolfgang Bosbach stated that Romania will not access Schengen in 2015, saying that the fact that Klaus Iohannis was elected as president does not mean that the political situation in the country has changed fundamentally or will change’ Der Spiegel says.

Jumbo to open three new units in Romania this year

Toy retailer Jumbo will open three new stores in Romania in 2015, in Arad, Ploiesti and Pitesti. The Greek company will reach a network of seven stores on the local market, where it has already posted EUR 9 million in sales in the last fiscal year.

ANCPI: Over 75,000 properties, traded nationwide in October 2014

Over 75,000 properties were traded nationwide in October 2014, by 7,973 more than in September and on the rise by 300 compared to October 2013, according to the statistics posted on the website of the National Agency for Cadastre and Real Estate Advertising (ANCPI).

ING: Romanian currency ends 2014 with 0.5 pct depreciation, outperforms zloty and forint

The Romanian currency, the leu, ended 2014 at an exchange rate of 4.4860 lei per euro, which represents an appreciation by 0.1 percent for the session of December 31.

Year in Review: Real Estate

The total property investment volume in Romania increased to approximately EUR 1 billion in 2014, marking the highest annual level since 2008, according to pundits. Office has been by far the best performing real estate sector but there is good news coming from retail, logistics and industrial and residential as well.

Bucharest’s Pipera Blvd. to be revamped by end-2015

The total investment for revamping and expanding Pipera boulevard in the north part of Bucharest will exceed RON 83 million (some EUR 18.5 million) and work is to be completed by December 2015, according Florentin Pandele, the Voluntari city mayor.

Telekom, Vodafone and Orange rented the largest office areas in 2014

The telecom companies made the largest office transactions last year, the three big players in the market - Telekom, Vodafone and Orange – having consolidated their activities in new buildings by pre-renting, followed by important contracts signed by the IT companies.

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