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Articles

Papalekas builds Bucharest One tower with Bog'art

The investment fund Globalworth Real Estate Investments, controlled by the businessman Ioannis Papalekas, announced on Friday to have chose Bog'art as general for the office building tower Bucharest One.

The Greeks bringing Nike in Romania to invest EUR 5 million in Bucharest downtown building

The company Elmec Romania, which changed its name to FF (Folli Follie) Group Romania in the beginning of this year, will complete early next year the reconstruction of the historical building owned in Universitatii area in Bucharest, intended to be equipped for offices and retail.

CGS to take 250 new employees onboard in the first two months of the year

American outsourcing company CGS is advertising in Romania 250 open positions, for speakers of Romanian, English, French, Spanish, German, Italian and Dutch.

Romanian managers worried about taxes

92% of Romanian managers are worried about the fiscal burden growing heavier, according to a PwC study. Romania’s managers rank second in the world for their “fiscal” fears, after France’s managers, and way above the global average of 70%.

H&M passes the EUR 100 mln sales mark in Romania

The H&M Group’s sales including VAT increased in local currencies by 9 percent during the financial year. Sales in comparable units were unchanged. Converted into SEK, sales excluding VAT amounted to SEK 128,562 m (120,799), an increase of 6 percent.

Bankrupt developer to sell 17,400 sq. m plot in Baneasa for EUR 6.9 million

A plot of land exceeding 17,400 sq, m in Baneasa district in Bucharest, bought in 2008 with nearly EUR 12 million is put on sale for EUR 6.9 million, the owner, controlled by the Spanish group Alius, the developer of the residential complex Alia Apartments in Bucharest din Bucuresti, being declared bankrupt.

Swan Offices didn’t attract any buyer for the first auction

No investor registered for the auction scheduled for Thursday for the sale of the insolvent office complex Swan Office&Technology Park in Pipera-Tunari area in Bucharest, the starting prices being set for EUR 42.7 million.

The new underground line to the airport will have 12 stops

By 2018, inhabitants of Bucharest, tourists and everybody else looking to catch a flight or get downtown from the airport will be able to get in the subway and reach their destination in half an hour. At least that is what Metrorex is promising.

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