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Take-up of modern industrial and logistics space reaches 61,000 sqm in H1, says DTZ Echinox

Total leasing activity involving modern industrial and logistics space reached 89,000 sqm in the first six months of 2014 while the take-up amounted to 61,000 sqm, according to data from DTZ Echinox. Some 46 percent of this was registered in Bucharest (34,000 sqm transacted).

EBRD maintains Romania economy growth estimates at 2.6 pct in 2014, 2.8 pct in 2015

The European Bank for Reconstruction and Development (EBRD), in a report that examines the effects of the conflict in Ukraine on Central and Eastern Europe released this Thursday, maintained its growth estimates for Romania's economy at 2.6 percent for 2014 and 2.8 percent for 2015.

Construction progress of Bucharest One, second tallest building in Bucharest

Bucharest One, the office tower which will be upon its completion the second tallest building in Bucharest raised its head of ground near Pipera passage in the north of the city, after the construction works started this spring.

Carrefour buys 12,000 sqm in the ParkLake shopping mall

ParkLake, the EUR 180 million shopping mall developed by Sonae Sierra and Caelum Development in Bucharest’s District 3, has just signed a contract with Carrefour Romania for the ownership and operation of a 12,000 hypermarket on its grounds.

Artemis Real Estate is developing five projects near Timisoara

Swiss group Artemis Real Estate, local division of Artemis Holding, announced on Thursday it is developing 5 projects near Timisoara, on a 128 ha piece of property. The projects include industrial and residential buildings.

Eurostat: Romania, steepest drop in construction works

Romania has registered the most significant decline in construction works within the European Union in July 2014, compared to the same period last year, according to the data presented on Wednesday by the European Statistics Office (Eurostat).

DBH Group Reveals New Expansion Plans to Mark 20 Year Anniversary

The Group reaches a 20-year milestone next month, which it plans to mark in style with an extravagant party in Budapest, onboard the biggest event boat in Central and Eastern Europe.

Austrian companies invested EUR 10.9 billion in Romania

The investments of Austrian companies in Romania totalled EUR 10.9 billion, representing 18.5% of total foreign direct investments in the country, according to Rudolf Lukavsky, Commercial Counsellor at the Austrian Embassy in Bucharest.

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