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Allianz-Ţiriac reduces its real estate portfolio to maximize investment yields

Allianz-Ţiriac plans to reduce the real estate assets in order to maximize the investment yields and to comply with the future European requests regarding the assets suitability, the first step being the intention to sell a building in Brasov for approx. EUR 9 million.

NIS: 8.8% increase of the construction works volume in April

The construction works volume increased as unadjusted series in April with 8.8% compared to March 2013, and decreased with 3.7% as adjusted series according on the working days number and season, according to the National Institute of Statistics (NIS).

Four years after the fire, the office tower near Armenian Church enters rehabilitation

The office building Millennium Business Center, situated near the Armenian Church in Bucharest centre, should undergo in the following period a large rehabilitation process, four years after the fire that made the building unusable and started lots of conflicts, the damages being evaluated at dozens million euros.

Part of 5 stars Marriott hotel in Bucharest sells today

The 35% share of Marriott hotel Bucharest, owned by ONT Carpaţi, will be sold in auction for EUR 22 million. The also amount includes the ONT claim of approx. EUR 35 million to Marriott’s company, Societatea Companiilor Hoteliere Grand.

Real estate transactions cut bureaucracy in Bucharest Sector 1 by implementing electronic tax verification

The visit of the General Directorate of Local Taxed (DGITL) in order to obtain the tax certificate needed for the selling-buying of real estate assets situated within Sector 1 Bucharest as well as for the registration/radiation of buildings is no longer needed starting on Friday, 7th of June, according to a press release of the local authorities.

Eurostat: EU current account surplus at EUR 21.8 bn in 1Q 2013

The EU27 external current account registered a surplus of €21.8 billion (0.7% of GDP) in the first quarter of 2013, compared with a deficit of €7.7 bn (-0.2% of GDP) in the first quarter of 2012, according to first estimates published, on 7 June, by Eurostat.

Fast chain growth for Polish shoes retailer CCC in Romania

Polish shoes retailer CCC has opened 12 stores in less than a year on the local market.

EUR 4 million investments in two residential projects in Bucharest

Two businessmen invest a total of EUR 4.2 million in two small residential projects in Bucharest, according to RealTime’s representatives, the exclusive consultant of the two projects.

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