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Articles

Portland Trust, in negotiations with Italy’s Nusco for a plot in Floreasca area

Portland Trust will no longer expand the office complex Floreasca Park, investment which should have been carried out on a plot owned by the businessman George Becali, though the company intends to buy a plot in Barbu Văcărescu – Floreasca area from the Italian group Nusco, for another office project.

Metav Bucureşti will give 5.8 million lei dividends this year

The shareholders of the real estate company Metav Bucureşti (METV), the company which manages the industrial park Metav Business Park near Baneasa airport, owned by the businessman Gabriel Popoviciu, have approved in the general assembly the proposal of the administration council regarding the distribution of dividends valuing 5.76 million lei from the 6.1 million lei profit registered last year.

A first: Romania meets all criteria to join Eurozone

Romania admission to the European Union and the changes incurred by this process “irreversibly contributed to consolidating the reform processes, contributed to a society modernization, essentially contributed to the economic development” – this was the main idea expressed during the conference organised in Bucharest “Ten years later…,” held by the European Commission Representation.

Popoviciu and Dimofte, net profit exceeding EUR 10 mil from Băneasa

The company Băneasa Developments, used by the businessmen Gabriel Popoviciu and Radu Di­mofte to control the commercial zone of Băneasa project in Northern Bucharest, has registered last year a net profit of EUR 10.3 million and a turnover of EUR 41.6 million, with almost 25% net gain margin.

Office market 1st quarter: the demand is up by 13% in Bucharest and 50% in the rest of the country

The office area transacted in the first quarter of this year has increased both in Bucharest and in smaller cities in the country, such as Timisoara and Cluj-Napoca, mainly due to the development of the IT&C companies, which continue to recruit thousands of employees and to occupy new floors in business centres.

EUR 40 mln real estate project to be built on the grounds of former Grivita brewery in Bucharest

Kiseleff Development wants to build a EUR 40 million real estate project on the grounds of the former Grivita brewery in downtown Bucharest and over the ‘next period’ it will begin works to clear the site, announced today representatives of Element Development, the project’s developer.

Romania, second in insolvencies rates in CEE at active companies

Considering the number of new insolvencies opened during 2013 in CEE countries, Romania has the second highest rate of insolvencies compared to the number of active companies, 6.44 percent, according to a recently Coface CEE Insolvency Report 2013.

Foreign investments rise 35.6 percent to EUR 282 mln in first two months

Romanian foreign direct investment, or FDI, rose 35.6 percent on the year to EUR282 million in the first two months of the year, the central bank said Friday.

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