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Articles

Bucharest offices – best quarter in the last 21 months

The office request (except for renegotiations and extensions) reached 48,500 q. m in the first 3 months of the year, with more than 55% prelease transactions.

Multinational groups dominate Romanian business

Only 5,600 groups of companies were locally-owned in Romania in 2012, while the number of multinational groups was six times higher, according to data from the National Statistics Institute INS. About 31,000 groups were controlled by companies from abroad, stats show.

January 1, 2019 – Government’s new target date for Euro Zone

Romania has set out to adopt the euro currency in 2019, when it will hold the EU presidency for the first time. “It is extremely important to put into action the convergence plan in order to align ourselves with EU standards and to reach the objective of acceding to the Euro Zone in 2019,” Prime Minister Victor Ponta stated yesterday.

Microsoft, Linde Gaz and ZTE rented 3,500 sq. m in Timisoara

The companies Microsoft, Linde Gaz and Chinese group ZTE rented offices with a total area of nearly 3,500 sq. m within the first building of Optica Business Park project developed by the brothers Marius and Emil Cristescu in Timişoara, the building reaching 90% occupancy rate, according to Activ Property Services, in charge with renting the spaces.

Immpuls: EUR 200 M to upgrade Romania’s shopping mall market

The market for refurbishing shopping centers in Romania exceeds EUR 200 M, as more than a third of the shopping malls in the country are in need to revamping, according to Immpuls Real Estate Solutions consultancy firm.

Finnish fund invests EUR 10 million in real estate project in Bragadiru

BDY Invest real-estate developer, owned by Finnish investment fund Ahlstrom Capital, will initiate the second phase of a residential project in Bragadiru of 1,000 apartments, out of which 230 should be finalised by the end of the year.

CEE Manufacturing Excellence Awards & Strategy Summit

EuropaProperty.com and CEO Manufacturing Magazine are proud to announce the second annual CEE Manufacturing Excellence Awards & Strategy Summit. Our annual industry event covers, supports and recognizes manufacturing success in all sectors of the industry. Building on the success of our inaugural event, the Manufacturing Excellence Awards & Summit is being hosted June 10/11, 2014 once again in the beautiful InterContinental ballroom.

Ponta on Q1 2014: Preliminary data indicate a 3.7 percent GDP growth

Preliminary data on the first quarter of 2014 indicates an economic growth of 3.2 percent, according to Victor Ponta, who made the announcement on television for Romania TV.

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Adina Camara

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