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Foreign direct investments of 1.2 bn euros in H1 2014, by 10.3% below level in H1 2013

Foreign direct investments (FDI) in Romania totalled almost 1.2 billion euros in H1 2014, by 10.3% below the level in the same period of last year, reads a National Bank of Romania release issued on Wednesday.

Romtelecom sells some of its properties for EUR 3.5 million

Romtelecom is auctioning off 10 real-estate properties it owns in Bucharest and counties Iasi, Galati, Braila, Tulcea, Vrancea and Hunedoara. The telecom operator will set a starting price of EUR 3.61 million, without VAT, according to Mediafax.

Why buying former factories?

In the last ten years, most of the transactions with large plots of land in Bucharest were represented by the land of the former factories.

NEPI’s plans for EUR 100 million obtained through capital increase

South-Africa’s investment fund NEPI, one of the most dynamic investors in the Romanian real estate market, intends to use half of the amount of EUR 100 million obtained through capital increase for paying back loans, the rest of the money targeting new acquisitions.

First mall reconverted to factory: Leoni will produce cables in Armonia Arad

The producer of cables for the auto industry Leoni Wiring Systems, part of the German group Leoni, will occupy nearly a quarter (7,000 sq. m) of the industrial park resulted from the reconfiguration by Immofinanz of the commercial centre Armonia Arad.

The reconversion of City Mall to offices nearing completion

Greek businessman Ioannis Papalekas has another EUR 2.8 million to invest for the completion of the reconversion works of City Mall to office spaces, the project being scheduled for opening this autumn.

Canadian Telus rented half of AFI Park 3 office building

Canadian company Telus, externalized services provider, rented nearly 6,000 sq. m offices in AFI Park 3 building, currently in construction near AFI Palace Cotroceni mall in Bucharest, where it will relocate starting the beginning of next year.

The German investors think the economic situation is not good but 83% would invest again in Romania

Only 7% of the German companies in Romania appreciate the economic situation of the country is good but 83% of the above would choose the Romanian market for investments. 58% expect a growth of the turnover and 45% intend to hire new people.

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