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Articles

Romania’s economic growth boosts business sentiment

Some 60 percent of companies expect their revenues to grow in 2016, while 15 percent anticipate a contraction, according to a study conducted by The Foreign Investors Council (FIC) among its members.

Construction work up by 7% in Romania in January

Construction work increased in Romania by 6.7% in January this year over January 2015, as a gross series, according to the National Statistics Institute (INS).

Investments in renovation of historical buildings in Bucharest exceeded EUR 100 million in the last three years

Between 2015 and 2016 the number of investors have increased, investors interested in buying old historical buildings situated in central areas, which are renovating them to international standards and put them into the commercial circuit. In the last three years, foreign as well as Romanian investors bought old properties in central Bucharest and renovated them with budgets of more than EUR 100 million.

Dedeman to pay EUR 6 million for the plot of Bucharest factory

DIY retailer Dedeman, controlled by Adrian and Dragoş Pavăl in Bacău, Romania, negotiates the takeover of a plot of nearly 3 ha in Bucharest’s sector 5 from the producer Industria Iutei.

Revenues of AFI Europe in Romania up to EUR 39.4 million last year

Revenues of AFI Europe from renting the shopping centres AFI Palace Cotroceni and AFI Palace Ploiești, as well as the first three buildings within AFI Park office complex totalled last year EUR 39.4 million, up with 7 pct. compared to 2014, according to the company’s financial statement.

Top of the biggest office owners in Romania

The office market in Romania is facing one of the most dynamic evolutions of the local real estate sector, a series of important developers announcing new projects in Bucharest and in other big Romanian cities.

Immofinanz: Stefan Schönauer Appointed Chief Financial Officer, Dietmar Reindl’s Executive Board Contract Extended

The IMMOFINANZ Supervisory Board recently appointed Stefan Schönauer as Chief Financial Officer for a period of three years, effectively immediately. He succeeds Birgit Noggler, who resigned from the Executive Board at her own request as of 19 February 2016. The Supervisory Board also approved a four-year extension in the term of office for Dietmar Reindl.

Real estate mixed-use project in Cluj-Napoca to be completed in December

The real estate project Platinia, developed by the businessman Sile Puşcaş on the former platform of the Ursus beer factory in Cluj-Napoca, will be completed in December 2016, the total investment reaching nearly EUR 40 million.

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