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Articles

Penny Market opens store in Pipera, close to office buildings

The discount store chain Penny Market, part of the German group Rewe opened a store on Pipera street, in the district where some thousands corporate employees are working. According to ZF information, this is the first store opened by the Germans this year, being the 157th unit of the network.

Eminescu 220 looking for new investor

Eminescu 220, an unfinished luxury residential project in Bucharest, is looking for a new investor.

The second Romanian metropolis to have its own subway

Timisoara is getting ready to become the second Romanian city to have a subway system. Nicolae Robu, Timisoara’s mayor, said on Tuesday that his city’s first subway line will have a length of 8 kilometers, which will connect downtown to the airport, writes businessmgazin.ro.

Good signs for the office market in 2014

2014 starts optimistically in real estate, the dynamism is growing on the office market, says Ilinca Paun, the head of Colliers, a real estate consultancy company with 4.5 million dollars turnover registered last year.

Schneider Electric Romania, first tenant of Green Court Bucharest

Schneider Electric Romania has leased approximately 3,100 sqm of office space in the first building of Green Court Bucharest, the office project developed by Swedish Skanska in the Barbu Vacarescu area of the capital.

In 2014, Romania will meet all criteria for Euro Zone; EURO target – 2019

“In 2014, Romania will meet all the criteria for entering the Euro Zone – inflation rate, interest rate for bonds, exchange rate stability, budget deficit below 3 percent of GDP, and public debt below 60 percent of GDP. We are on target where increasing real convergence is concerned. Our EURO target is 2019,” a Government report on ‘Economic Results in 2013 – Targets for 2014-2015,’ presented by Prime Minister Victor Ponta Friday shows.

Gran Via expects to sell 10-15 apartments per month in Bucharest

The Spanish group Gran Via expects to sell between 10 and 15 apartments per month in its first Bucharest development, scheduled for completion later this year.

Transilvania Bank acquires Casa Alba

Transilvania Bank bought the “Casa Alba” mansion in Cluj-Napoca from Josef Goschy last week for €900,000.

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