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Articles

Erste improves economic forecast for Romania from 2.3 pct to 3 pct GDP growth

Erste Group Research improved its estimates regarding Romania’s economical growth, from 2.3 to 3 percent in 2014, as a result of higher-than-expected results in retail. On the other hand, the Worldbank also improved prospects for Romania’s economy, but only up to 2.5 percet.

Leroy Merlin, interested in buying 3 Baumax units and an OBI store

French retailer Leroy Merlin would be interested in buying several Baumax and OBI units in Romania. The two home improvement retailers recently announced they are going to leave the local market, on account of losses suffered in the region, according to wall-street.ro sources.

Over 3,600 companies suspend operation in first two months of 2014

The total number of companies which suspended their operation decreased in the first two months of this year by 25.8 percent compared to the same period of 2013, from 4,860 companies to 3,606 ones, according to the data centralized by the National Office of Trade Registry, Agerpres informs.

NEPI needs urgently EUR 60 million, offering new stock

NEPI, the most active real estate investor in Romania is launching today an urgent stock offer in order to increase its capital with EUR 60 million, intended to use for eventual acquisition opportunities.

Office developers active across CEE

Developers have been very active in the Warsaw and Prague office markets in recent years. However, these leading CEE markets are victims of their own success as concerns over vacancy rates are causing developers to re-consider the Budapest and Bucharest office markets.

Clients of the villa offices have budgets up to EUR 10/month

The clients relocating their offices in villas in the first three months of 2014 have mainly chosen central areas - 13 Septembrie, Ştefan cel Mare, Foişorul de Foc, with average budgets up to EUR 10/sq. m/month, according to the market analyze of ESOP Consulting l CORFAC International.

Kingfisher makes EUR 275m offer for Mr Bricolage, also present in Romania

Kingfisher has entered into exclusive negotiations with the principal shareholders of Mr Bricolage, the home improvement retailer, to acquire their shareholding, according to a press release from the British company.

Austrian S+B Gruppe to build EUR 17.5 mln hotel next to Otopeni airport

Austrian developer S+B Gruppe is planning to start the construction of a 250-room hotel next to the Henri Coanda (Otopeni) airport in Bucharest by the end of this year or in early 2015, after finally obtaining the necessary building permit, said Alfred Michael Beck, one of the company’s shareholders, today during a press conference.

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