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Mega Image gets EUR 25 million from the Netherlands for expansion

Belgian retailer Mega Image, present on the local market with three store formats, the supermarkets with the same name, the proximity stores Shop&Go and the frozen goods store AB CoolFood, received a capital infusion of EUR 25.2 million from the Netherlands.

The office market was the least affected by the crises

The office market was the least hit by the crises in the entire real estate sector in Romania, registering last year record level considering the transactions (approx. 300,000 sq. m, with 22 pct growth compared to 2012) and the new deliveries (120,000 sq. m, with 2.5 times growth).

BCR successfully bids EUR 50 mln for Silver Mountain project

The real estate project Silver Mountain based in Poiana Brasov along with a piece of land near Snagov lake were acquired by BCR for around EUR 52 million in a tender organized on May 23 by Euro Insol, the judicial liquidator of INR Management Real Estate.

The market wakes. Real estate investors are here, but they are not opening yet their wallets

Real estate investors started entering Romania, but there are not opening yet their wallets, has declared Dietmar Reidl, operational manager within Immofinanz Group; however the real estate consultants consider that there will be transactions in the next months on the local market.

Macroeconomic confidence index, new historic maximum

The macroeconomic confidence index for April 2014 reached a new historic maximum, reaching the value of 61.6 (compared with 54.5 registered in the previous month), shows CFA’s periodical survey on the perception of the macroeconomic evolution of Romania.

Pheonix Real Estate sold the logistics park in Clinceni, rented by Nestle, for EUR 12.6 million

Greece’s Phoenix Real Estate has completed the sale of Innovations logistics park near Bucharest to the investment company Secure Property Development & Investment, for EUR 12.6 million.

Continental to add 1,500 people to its roster over the next few months

Continental announced that it will be hiring 1,500 people over the next months, to fuel its production, research and development activities, according to Capital. ro

958 companies with foreign capital, registered in January – February 2014

As many as 958 commercial companies with foreign capital were registered in Romania in the first two months of 2014, with the total amount of the invested capital having stood at RON 2.348 billion (EUR 520.943 million), according to the data centralized by the National Institute of Statistics (INS).

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