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Immofinanz wants a new office building, in downtown Bucharest

Austrian investment fund Immofinanz, the owner of more than 200,000 sq. m office spaces in Bucharest, where nearly 13,000 employees are working, is in negotiations to buy a new office building in Bucharest downtown, after five-six years with no investments, period when the group has preferred to consolidate its portfolio, which includes local assets of EUR 1 billion.

Romania and Bulgaria, the only EU countries where FDI increased last year

Foreign direct investments (FDI) in 23 nations of Central, Eastern, and Southeastern Europe fell sharply in 2013 and even fell “alarmingly” in Slovakia and Poland, the Vienna Institute for International Economic Studies (WIIW) said in its latest FDI analysis, quoted by globalpost.com.

Romania’s largest do-it-yourself retailer goes multinational

Romanian do-it-yourself retailer Dedeman has recently announced it will invest €30 million for expanding its business to the neighbouring Republic of Moldova.

INS confirms economic growth of 3.8 pc in Q1, 2014

The National Statistics Institute (INS) confirmed the data regarding Romania’s economic growth in the first three months of this year, i.e. 3.8 percent compared to the same period of 2013, and 0.1 percent when compared to the last quarter of 2013, according to figures released Wednesday.

EUR 23 million contract for a new office project from Comnord

Comnord Bucharest, company owned by Sorin Creteanu, is building a new office building for Proiect Bucuresti. The value of the contract is EUR 22.8 million, signed after an auction, according to wall-street.ro.

Two million dollars investment in Ploieşti West Park

An American investment of two million dollars belonging to the company PAS Techologies was inaugurated on Tuesday in the private industrial park Ploieşti West Park, situated on the territory of the village Ariceştii Rahtivani, involving a new production line for the oil industry.

Net investments in Romanian economy, down 7.4% in Q1

The net investments made in the Romanian economy stood at 11.23 billion lei (current prices) in Q1 2014, down by 7.4% compared to the same period of last year, according to the data released on Wednesday by the National Institute of Statistics (INS).

Frederic Bellon: Auchan Romania to boost turnover in 2014 despite drop in first months

Auchan Romania estimates it will increase its turnover this year despite the fact that in the first months sales were below the level reported during the same period last year, said Frederic Bellon, the retailer’s recently appointed general director, according to Mediafax.

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