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Office Market News

AFI Europe celebrated the opening of the 3rd building in the office project AFI Park

AFI Europe celebrated on Wednesday the opening of the 3rd building in the award winning office project AFI Park.

Insolvencies down by more than half in Romania

The number of insolvent companies dropped in the first two months of the year by 56% year-on-year. It reached 1,895, according to Romania’s Trade Register ONRC.

US funds to buy into real estate developer active in Romania

US bond mutual fund PIMCO and investment group Griffin Real Estate want to buy a 41.55% stake in the Polish real estate company Echo Investment, from Polish investor Michal Solowow, the third richest Pole.

Andrew Peirson is the new MD of JLL Romania and SEE

Andrew Peirson has been appointed managing director for Romania & South-Eastern Europe (SEE) by real estate services firm JLL. This is an expansion of his current role as managing director for the firm’s SEE business based out of its office in Belgrade, Serbia.

US group subsidiary opens new R&D center in Romania

IT solutions supplier National Instruments Romania, subsidiary of US group National Instruments, has inaugurated its new research & development center in an office building called The Office, in Cluj-Napoca.

Lidl opens new unit in Bucharest

Lidl opens on April 2 a new store in Bucharest, taking its network to 185 units in Romania.

CFA: Macroeconomic confidence indicator, up 2.5 points in February

Macroeconomic confidence indicator recorded, in February, an increase by 2.5 points from the previous month, having reached the value of 62.3, according to a CFA Romania release.

Construction market dropped under 9 billion Euros in 2014

The construction market had a drop of 4% last year, to 8.9 billion Euros, representing the lowest level of the industry since the beginning of the crisis, according to ARACO. The association hopes for an increase in 2015 if budget project are put into practice.

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Alexandra Filip

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