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Articles

Romanian Investor will sue the state over insurer bankruptcy, frozen assets

Bankrupt Romanian insurer Astra Asigurari’s majority shareholder, The Nova Group Investments (TNG), which is controlled by Romanian investor Dan Adamescu, plans to open an international lawsuit against the Romanian state, for the company’s forced bankruptcy.

New Lidl store opens in Targu Mures

Lidl announced the inauguration of a new store in Targu Mures, bringing its local network to a total of 195 units, a press release by the company shows.

Romania’s annual inflation rate hits new low in April

Romania’s annual inflation rate went down to -3.3% in April, when compared to April 2015, which represents a new low. In March this year, the annual inflation rate stood at -3%.

Business incubators law passes by parliament

A new law aiming to support business incubators has received a favourable vote by the Chamber of Deputies and is now awaiting promulgation.

Tagor to start the construction of second stage of Adora Urban Village

Tagor, the developer of residential complex Adora Urban Village in Bragadiru area in south western Bucharest announced it would start the second stage of the project.

DTZ: Land transaction, on the rise again in Bucharest: doubled value in the first quarter

The value of the transactions with land for commercial destination in Bucharest reached in the first quarter EUR 35 million, a double value compared to the same period of 2015, the largest operation being made by the Sweden’s investor Vastint, which bought 48 ha of land in Băneasa – Sisești for a mixed-use project (mainly residential), according to DTZ Echinox.

Voicu Oprean, AROBS: Romania is still attractive for outsourcing

The software solutions supplier AROBS Transilvania estimates for this year an increase of approximately 25% of the business against 2015, taking into consideration the contracts signed with the new clients, as well as the increase of some of the existing projects.

Former development manager of Colliers, Alexandru Cernea, employed by Momentum Consulting

The real estate consultancy company Momentum Consulting recruited the former development manager of Colliers International, Alexandru Cernea, to the position of business development director.

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