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JP Morgan executive to lead Foreign Investments Department in Romania

Romanian Prime Minister Dacian Ciolos has appointed Manuel Costescu as the head of the Department for Foreign Investments and Public-Private Partnership, reports local Profit.ro.

TOP OFFICES IN ROMANIA 2015: The first three positions outside Bucharest are held by Iasi, Timisoara and Craiova

In 2015, the volume of office rental transactions outside the Capital rose to a total area of 49,661 sqm, 32% more than in 2014.

EUR 46 million capital increase for the companies owning BOB and BOC office buildings in Bucharest

Greek businessman Ioannis Papalekas increased with EUR 46.4 million the capital of the companies owning the office buildings BOB and BOC in Pipera neighbourhood, in Bucharest.

NEPI brings former accountant from financial group Barclays as non-executive director

NEPI announces the appointment of Robert Reinhardt Emslie as non-executive director within the company’s Board of Directors, as a member of the Audit Committee and Compensation Committee.

Romania’s economic growth could reach a peak this year

Romania’s economic growth could reach a high of 4.2% this year, according to the European Commission’s winter economic forecasts.

Medicover invests EUR 400,000 to relocate clinic in Romania’s Ploiesti

Swedish healthcare provider Medicover has invested EUR 400,000 in relocating a clinic in Ploiesti, Romania.

Alpha Bank to become real estate developer for two residential projects in Bucharest

Alpha Bank, one of the top ten’s banks in Romania following the value of assets, founded a real estate division to be in charge with residential development. The bank is trying therefore to recover part of the money invested in the boom period in such projects, but the apartments price dropped with 40-50 pct. ever since.

Czech CTP in negotiations to buy Swan offices in Pipera

CTP Invest, one of the most active companies on the local market, which signed transactions of EUR 130 million, considers buying the office complex Swan Office & Technology Park in Pipera-Tunari area, near Bucharest.

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