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Articles

Pro TV to leave Pache Protopopescu tower by April 1st

Pro TV will relocate from the tower building in Pache Protopopescu St. in Bucharest, the headquarters of the TV station since its beginning, over 20 years ago.

AEW Europe acquires an office building on behalf of ERAFP

AEW Europe acquired the L’Open building located at Issy-les-Moulineaux in the South-Western suburbs of Paris on behalf of the French Public Service Additional Pension Scheme (ERAFP).

Oxford Analytica: Improving fundamentals may attract investorsFriday, March 21, 2014

Romania's year-on-year inflation rate held steady at 1.3% in February, Eurostat announced yesterday. This is higher than the EU average, but represents a marked improvement for Romania, which is also experiencing a buoyant and increasingly domestically driven recovery, in the fourth quarter of 2013 achieving the fastest year-on-year growth rate in the EU, shows an analysis made by the consulting and global analyses company Oxford Analytica.

Bucharest New Office Stock estimated at 120,000 sq. m in 2014

The new office stock in Bucharest is estimated at 120,000 sq. m in 2014, a similar level to last year, a recent report of The Advisers/Knight Frank shows.

Dedeman will open at least four stores in 2014

On Friday, Dedeman will open in Sibiu the 37th store of the national network, following an investment of 13 million euro and intends to reach at least 40 units this year.

Ten counties of Romania have 70% of the business and 80% of the employees

The companies registered in Bucharest generate 35% of the turnover of the companies in Romania and add 32% of the total number of employees in the business environment.

Benevo postpones the construction of Victoria City mall until summer of 2014

Real estate developer Benevo, controlled by Canadian businessman Michael Topolinski, said it will start the construction of shopping center Victoria City in Romania’s capital city Bucharest in the summer of 2014. Benevo also announced that Burcu Uygurcetin is the new head of retail.

CA Immo revenue slightly down in 2013

Austrian group CA Immo, one of the biggest office developers in Bucharest and owner of the biggest logistic park near the Romanian capital, collected rent worth EUR 30.4 million last year, a small drop compared to 2012 (EUR 30.6 million), according to the financial report released the company.

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