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World Bank president: Romanians' income up to half European

The Romanians' income has, over the last 20 years, increased from a fourth of the European average income to nearly half the European average income as the markets have opened and the institutions have reformed, visiting World Bank President Jim Yong Kim said at the end of a meeting with Romanian Prime Minister Victor Ponta on Thursday.

Teraplast reduced its loss in the first quarter

The construction materials producer Teraplast Bistriţa (TRP) reported for the first three months of this year a loss of 0.66 million lei, almost four times less than the similar period of 2012.

Colliers: EUR 3,000 per employee, the cost of the office of the future

Colliers Internaţional, one of the market’s biggest real estate consultancy firms has transformed its space in an office of the future designed to serve the needs of the young employees, the so-called generation Y.

Immofinanz - a new real estate project for Bucharest

The Austrian group Immofinanz, the biggest investor on the real ewstate market in Romania, who recently was listed to Warsaw Stock, is preparing a new project for Bucharest.

A third of Willbrook Platinum’s revenues come from the conference centre

The business centre Platinum Business and Convention Center, developed by the Israeli billionaire Eyal Ofer on Bucureşti – Ploieşti Road in northern Bucharest has currently an office occupancy rate of 23%.

CBRE Urban Photographer of the Year competition opens for entries

The search for this year’s coveted CBRE Urban Photographer of the Year prize was launched today. The competition, which was established in 2007 by CBRE, the world’s largest property advisor, is open to photographers worldwide and last year attracted over 8,000 entries from 115 countries.

Skanska’s Green Court - a green development

Skanska breaks ground on its first project in Romania: 52,000 sqm of green office space in northern Bucharest. Excavators have been on site at Skanska‘s first Romanian development for just over a month now, and the building has already received LEED Gold pre-certification, suggesting the company is serious about its green, efficient ambitions.

Romania’s shadow economy reaches 28 percent of GDP in 2013

With the shadow economy accounting for 28 percent of GDP, Romania is on a par with Croatia, Estonia and Lithuania, and only second after Bulgaria, whose unreported economy has the biggest share of 31 percent of GDP, according to a study published by Visa Europe, the payments technology company.

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