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Impact invests EUR 14 mln in expanding Greenfield with 252 apartments

Romanian company Impact Developer & Contractor will deliver this December three apartment blocks part of the Greenfield housing project in Baneasa and another six will be completed in February, according to Mediafax newswire. Construction works started five months ago.

Re/Max resumes expansion in Romania, wants to grow to 27 agencies

US based real estate company Re/Max presently runs a network of seven affiliated real estate agencies in Romania but plans to expand the franchise to 12 agencies by the end of this year and 27 by the end of 2015, Razvan Cuc, a local businessman who together with his wife owns the master-franchise for Romania, told a press conference on Wednesday.

Office transactions top in nine months: Renault, Vodafone and Orange signed biggest leases in Bucharest

The office request in Bucharest determined the vacancy drop from 15 pct to 14 pct.

More Romanian companies try to get green building certificates

The number of building for which owners have applied for a green certificate has increased from 2 to 200 in the last five years in Romania, said Steven Borncamp, CEO of Romania Green Building Council (RoGBC), quoted by local wall-street.ro.

Hotel chain owner builds apartments in Bucharest

Hotel owner Mohammad Murad has invested some EUR 4 million in a residential compound in Northern Bucharest, called Green Residence, according to Wall-Street.ro.

European Commission slashes 2014 economic growth outlook for Romania to 2 pct

The European Commission performed a massive revision to its forecast on Romania’s economic growth in 2014, reducing it from 2.5 percent (spring estimate) to 2 percent of GDP, writes Mediafax.

Softvision opens second Bucharest headquarters

Romanian software outsourcing company Softvision opened this Monday its second Bucharest office.

Intel’s software development center in Bucharest reaches 180 employees, looks for more engineers

American technology group Intel has hired 180 people in its software development center in Bucharest, which was opened in 2010, and will continue to add IT engineers to produce software for data centers, according to Monica-Ene Pietrosanu, the center’s manager, quoted by local Hotnews.ro.

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