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ERA Shopping Park Oradea asked for its Insolvency

The company Omilos Oradea, the retail park in Oradea, owned by the British investment fund Argo Real Estate Opportunities Fund (AREOF), asked for insolvency on 12th of November.

GTC Sold Galleria Suceava Mall for EUR 800

Real estate developer GTC sold Galleria Suceava mall with EUR 800, a transaction completed this summer, while the investment for the mall’s development reached EUR 25 million.

Iulius Group Collected EUR 2.56 mil. in the First Nine Months from the Offices of Palas Iasi complex

Iulius Group, controlled by the businessman Iulian Dascalu, made EUR 44 million revenues in the first 9 months from renting the five malls in its portfolio, while the offices in Palas Iasi project generated EUR 2.56 million turnover.

Vista Development Enters Luxury Segment with Residential Complex in Voluntari

Following the launching of the complex Vista Rezidential Concept in Bucharest’s district Berceni, Vista Development enters the luxury segment with an exclusive project developed in Voluntari, involving an investment of EUR 2.5 million.

Direct investments dropped 9.9 pc in one year

In January – September 2013, the balance-of-payments current account posted a deficit of EUR 595 million as compared with a deficit of EUR 4,800 million in the first nine months of 2012, due to the decrease in trade deficit (by EUR 3,057 million), as well as the increase in services surplus (by EUR 1,492 million), according to a communiqué released by the Central Bank (BNR).

The Top of Foreign Investors in Romania

The Netherlands and Cyprus are on the first places in the top of biggest foreign investors in local economy, at least as figured on paper.

The FIC warns members may redirect investments following Romania’s tax drive

The Foreign Investors’ Council (FIC), the business advocacy group, said on Monday the local fiscal instability has wider consequences for Romania as an investment destination, after the government announced plans to enforce new taxes next year.

Mega Image expanded on 6 ha in Bucharest

Belgian supermarket chain Mega Image, with a network of 210 stores in Bucharest and an estimated occupied area of 60,000 sq. m, became the most important tenant in residential buildings’ ground floor, a territory dominated by far by banks and pharmacies.

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