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Skanska to complete in the end of the month the first building within Green Court, where 1,500 Orange employees will work

Real estate developer Skanska will complete in the end of this month the works for the first building of the office project Green Court Bucharest in northern Bucharest, a building where more than 1,500 employees of the mobile phone operator Orange will be relocated on eight of the 12 floors.

European funds for new subway section in Bucharest

The Bucharest Subway continues to expand and modernize, including through the purchase of high-performance rolling stock. In the upcoming period the European Union will earmark EUR 116 M for the expansion of Mainline 4 through the construction of the Park Bazilescu – Lake Straulesti section, with the construction works scheduled to be completed in 2016.

Kingfisher reopens six former Bricostore units under Brico Depot brand on Friday

British DIY retailer Kingfisher has finished remodeling six more former Bricostore units, which it will reopen Friday as Brico Depot stores.

Romania FDI up 27.3 percent to EUR 1.42 bln in January-August

Romanian foreign direct investment, or FDI, rose 27.3 percent to EUR1.42 billion in the first eight months of the year compared to the same period last year, the central bank announced on Tuesday.

Murad to develop two residential buildings behind Orhideea Commercial Centre

Onix Residence, part of the group of companies controlled by the businessman Mohamad Murad, has developed 119 apartments building within a residential complex behind Orhideea Commercial Centre in Bucharest and started works for the foundation of the second building in the project which is scheduled for completion in the end of next year.

Gross minimum wage to increase from RON 900 to 975 in January

Romania will raise the gross minimum wage to RON 975 as of January 1, 2015, from the recurrent RON 900, Labor Minister Rovana Plumb said Monday, quoted by Mediafax.

JLL: Floreasca, Downtown and Western Bucharest to maintain the highest office rates

Office space in Bucharest in Floreasca, Downtown and the western part of the city will maintain high prices, JLL experts advise. Half of all leasing activity is currently focused in these areas which will also see the most development in the near future.

Romania posts biggest CEE growth in real estate deals in first 9 months

Romania had the biggest growth in real estate transaction volumes in Central and Eastern Europe in January-September, of 215 percent, to nearly EUR 700 million, but the country remains less attractive than Russia, Poland and Czech Republic, according to CBRE.

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