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Articles

The effects of BREXIT are manageable for Romania

The effects of the British vote to leave the European Union are manageable for Romania, the Ministry of Public Finance asserted in a release on Friday; foreign currency reserves are available, and international borrowing can be postponed until markets stabilize.

Romania’s construction market increases by 10% in 2015

The local construction market increased by 10% in 2015 over the previous year, reaching EUR 16.4 billion, according to Gabriel Colobatiu, president of the Precast Concrete Manufacturers Association (Prefbeton).

Andreea Paun leaves Colliers International

Andreea Paun, one of the most important managers of Colliers International, will leave the agency’s team after more than eight years spent within the company, according to information published by wall-street.ro.

Real estate players: Office segment shows solid growth in Romania

Whether the Bucharest office market will be able to absorb the high level of new office stock being delivered this year was at the forefront during the debates. But the fact that there is a larger office stock being delivered this year should not be a reason for concern, stressed Sorin Visoianu, country manager operations Romania at Immofinanz, during Realty 2016 – Romanian Real Estate Market Forum.

Romania sees highest rise in labor costs among EU members in Q1 2016

With an advance of 10.4 percent in labor costs in Q1 2016 y-o-y, Romania posted stood at the top among EU members, according to data released by Eurostat.

Regina Maria opens second clinic in Romania’s Pitesti with EUR 700,000

Private healthcare operator Regina Maria opened yesterday the second polyclinic in Pitesti, following a EUR 700,000 investment.

Battle for Bucharest’s headquarters of the EU Funds Ministry between two office owners

Greek businessman Ioannis Papalekas, which is currently hosting the headquarters of the EU Funds Ministry in Romania and the real estate developer Ion Rădulea, who controls Sema Parc, developed on the former platform of Semănătoarea factory on Splaiul Independenței in Bucharest are the only office owners which proposed to the ministry a space for rent.

Romania posts lowest annual inflation in EU in May

Romania, registering an annual inflation of -3 percent in May, was among sixteen member states to post a negative inflation, according to data released by Eurostat, the statistical office of the European Union.

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