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Bucharest boulevard closed for a year

Metrorex started the works for the last two metro stations on 4th underground line, Laromet and Straulesti.

EIU forecasts economic growth of 2.5 pc this year

After the Euro zone comes out of recession in 2014 the Romanian growth pace will gradually accelerate to an annual average rate of 4 pc from 2014 to 2017, the report shows.

Bucharest’s World Trade Center, 38% growth for operational revenues in July

World Trade Center Bucharest complex (WTCB), in insolvency since2011, has obtained operational revenues of EUR 837,000 in July this year, with 38% growth compared to the same period of last year, according to the company’s officials.

Romania, 5th place in the region, by number of companies

With 35 companies in this year’s Deloitte Central Europe Top 500, Romania ranks 5th within the region.

Saint-Gobain Glass Romania invests EUR 6 mln in 3rd local manufacturing facility

The Romanian division of French glass manufacturer Saint-Gobain, has invested EUR 6 million in a laminated glass production line in its factory in Calarasi, southern Romania. This takes the company’s total investment so far in Romania to EUR 176 million, said Jerome Lionet, GM of Saint-Gobain Glass Romania.

Leroy Merlin - EUR 21 million sales for Chitila store last year

French DIY retailer Leroy Merlin, the owner of a single store on the local market, situated in Colosseum Commercial Park in Chitila, has registered in 2012, the first year of functioning, a turnover of EUR 21 million, according to data ZF got from the Trade Registry.

Marina Regia bought for nearly EUR 3.5 million the land within Pirates Inn in Mamaia

The businessman Mihai Manea, former prefect of Brăila county and the owner of the touristic complex Marina Regia Residence in northern Mamaia, has bought for nearly EUR 3.5 million the six hectares plot within Pirates Inn camping, subject to foreclosure, in order to extend the luxury villas project, where the rents for unit reached EUR 5,500 monthly during this summer.

CBRE Romania to enter property management market. Sun Plaza, first project in their portfolio

Real estate consultant CBRE Romania enters the property management market, the first project to manage being the commercial centre Sun Plaza in Bucharest, owned by the Austrian company S Immo.

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