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Articles

Spanish group Ibiza to develop new Bucharest office building with EU funds

Spanish group Ibiza House, the developer of 400 villas and apartments in Northern Bucharest, is currently building its first office building, named Remus Business Center, partly financed from EU funds.

NEPI attracted EUR 11.4 million through a placement of shares

South-Africa’s fund New Europe Property Investments (NEPI), one of the most active real estate investors on the Romanian market in the last years attracted nearly EUR 11.4 million through a placement of new shares.

Cluj, the district with biggets number of industrial parks in the country

Five parks already functional and another one under construction brought more than half a billion Euros investments and created over 5,000 jobs.

Real estate environment in Romania became more stable for transactions

Real estate environment became more stable for transactions, also seen in the optimistic trend Romania started this year, the transaction values going to register the highest level of the last years, shows a report of EY - Global Capital Confidence Barometer.

Sika Romania to open testing center in Brasov

Sika Romania, a subsidiary of the Swiss specialty chemical group, will invest into a competency center for testing building materials that will serve Romania and markets in Central and Eastern Europe.

FDI in Romania down 19 percent to EUR 666 mln in H1

The non-residents’ direct investment in Romania, which economists say is one of the key growth drivers of the domestic economy, lost 19 percent to EUR 666 million in the first semester against the same period of last year.

European shopping centre development grows 50% in 2013

An unprecedented 11.9 million square metres (sq m) of shopping centre space is currently under construction in Europe, representing a 50% increase year-on-year (7.2 million sq m in 2012), according to the latest research from global property advisor CBRE.

Romania’s inflation rate falls to 4.4 percent in July on lower consumer prices

Consumer prices in Romania decreased by 0.3 percent in July against the previous month, while the inflation rate reached 4.4 percent, still above the annual limit target of 3.1 percent projected by the National Bank of Romania.

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