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Articles

13.5 million € net profit in 2015 for Bucharest’s Băneasa shopping centre

Băneasa Developments, the company operating Băneasa Shopping City in northern Bucharest, has registered last year a turnover of EUR 46 million, with 5 pct. increase compared to 2014, while the net profit has increased with more than 10 pct., up to EUR 13.5 million.

S&P affirms Romania at 'BBB minus', with stable outlook

Standard & Poor’s Ratings Services on April 8 affirmed its ‘BBB-/A-3′ long- and short-term foreign and local currency sovereign credit ratings on Romania, with a stable outlook, the rating agency said in a statement.

Medicover opens a new clinic in Galati, investing EUR 700,000

Medicover, one of the top private healthcare players in Romania, opened a new multidisciplinary clinic in Galati, following a EUR 700,000 investment, a press release informs on Wednesday. Medicover Galati provides patients with over 30 medical specialties and ultramodern departments at Swedish standards for paediatrics, cardiology, gynaecology, gastroenterology and proctology.

Darian DRS opens new office in Cluj-Napoca, adds 8 new partners

Darian DRS Tax, a tax consultancy company part of the Darian DRS group, expanded in Cluj-Napoca this year, opening its second tax office after the one in Bucharest.

Most vulnerable sectors to insolvency are constructions and pharma

The most vulnerable sectors of the economy as regards insolvency are constructions and pharma due to the delayed payments, but a difficult situation is found in agriculture, stated Alexandra Predeanu, general manager of ICAP Romania.

Domestic investors to be the most active players in the Hungarian real estate markets

According to CBRE Investment Breakfast Intentions Survey the vast majority of investors expect more than EUR 1 billion of investments in the Hungarian commercial real estate markets in 2016. Participants at CBRE Investment Breakfast hold on 5th Aprils 2016 were much more confident that in 2016 the Hungarian investment volume will increase further than they were last year.

Florin Furdui, CEO, Portland Trust: Green buildings certification imposed by tenants

Office buildings’ green certification was imposed by tenants, mainly as they needed to "check" a list with internal requirements, this being especially the case of corporations as part of the social responsibility policies and not necessarily because they were willing to pay extra, declared Florin Furdui, CEO, Portland Trust.

Ploiesti, Oradea and Pitesti seen as emerging real estate markets

The real estate markets in Ploiesti, Oradea, and Pitesti, together with Arad, Sibiu and Bacau, will see an estimated yearly growth of approx. 5 percent in the next two years, both in terms of transactions but also housing prices, according to RE/MAX Romania.

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