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Craiova city’s historical centre restored with EUR 11 million EU funds

Historical centre of Craiova will be rehabilitated with EU funds – EUR 11 million – in 18 months, has announced the mayor Lia Olguţa Vasilescu, who specified that the area will no longer host residences, but only shops and restaurants, the owners of the building agreeing with the change of the Urban Plan.

Romania to apply modernized EU customs legislation starting November

Following the approval of modernized Community customs legislation by the European Parliament, Romanian companies involved in international trade will have to prepare for the new provisions, some of which are set to be enforced starting November.

Biggest malls owner polishes its projects

The engines of the development of Argo in Romania were temporarily stopped, focusing on the asset costs optimization, in order to insure their sustainability for a potential selling in three-four years.

Lease transactions on Bucharest office market in H1 2013

The office market in Bucharest registered in H1 2013 a total of 132,500 sqm lease transactions, with 8.6% growth compared to the similar period of last year, according to Andrei Birsan, head of office department within Activ Property Services.

EUR 2.5 million investments in new Bucharest residential project

A Romanian company is investing more than EUR 2.5 million in a residential project with 35 units situated at the crossroad Salaj Road and Calea Ferentari in Bucharest, in the neighbourhood of Liberty Center mall.

Quintiles rented 900 mp in Global City Business Park

Quintiles, a worldwide company active in biopharmaceuticals relocated its Romanian headquarters to Global City Business Park, on 900 sq m, has announced Activ Property Services, the transaction’s broker.

Romanian apartment prices drop 7 pct in first 8 months

Romanian apartments have experienced a sharper price drop in the first 8 months of this year, compared to the rate of decline registered over the past couple of years, according to real estate site Imobiliare.ro.

Two motorway segments soon to be completed in Romania

The segment Lugoj - Făget of the motorway between Lugoj and Deva will be inaugurated in two weeks, but the segment will not be operable as there is not yet the link to Timişoara-Lugoj motorway. Segmentul de legătură va fi finalizat în decembrie.

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