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British IT group plans to hire 500 in Romania

Birmingham-headquartered IT group SCC plans to hire another 500 people in Romania.

WCM buys Main Triangel building for €90m

German investor WCM Beteiligungs- und Grundbesitz bought the Main Triangel office building in Frankfurt for €90m.

Romanian real estate market overview: increase in investors’ interest

The real estate market re-entered on an ascending trend, more and more investors being interested in Romania. For the second half of the year, the consultants expect transactions exceeding EUR 800 million, as well as the return of the inactive investors on the market.

Standard & Poor’s might downgrade Romania’s rating

Rating agency Standard and Poor’s has warned that it might downgrade the ratings of several countries, including Romania, if the economic problems in Greece affect these countries’ banking systems.

Royal Ahold takes over Mega Image’s owner for EUR 9.3 bln

Dutch retailer Royal Ahold has reached an agreement to buy Belgian Delhaize Group for about EUR 9.32 billion (in shares) in what has been called “the industry’s biggest transaction for almost a decade,” according to Bloomberg. Delhaize Group operates some 423 stores in Romania mainly under the Mega Image retail brand.

Foreign retailers invest 85.9 mln euros in local Romanian chains in first four months

Foreign retail players made capital infusions of 85.9 million euros in local chains in the first four months of this year, by 63pct higher compared to the same period in 2014, when these totaled 52.7 million euros, according to data with the National Trade Registry Office (ONRC).

Romania's Fiscal Code and Fiscal Procedure Code pass Chamber of Deputies vote

The new Fiscal Code and Fiscal Procedure Code passed the Chamber of Deputies on Wednesday with 309 votes for, two votes against and one abstention, according to Mediafax newswire.

Profi to double its rented space in a logistics park of Immofinanz in Ploiești

Immofinanz Group, one of the most important real estate investors and developers on the Romanian market and the largest office owner in Bucharest, announces the extension of the collaborations with Profi Rom Food.

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