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Societe Generale expands offices in West Gate to 7,600 sqm

Societe Generale European Business Services (SG EBS) has expanded its office space within the West Gate business park and renewed its contract to be valid until 2021, park owner Genesis Development announced.

Romania posts second largest economic growth in EU in 2015

Measuring a 3.8 percent increase in GDP in the last quarter of 2015 as compared to the same quarter of the previous year, Romania saw the second largest economic growth across the EU bloc, according to data released by Eurostat, the statistical office of the European Union.

Cosmetics manufacturer Oriflame sold its Bucharest headquarters in Herăstrău area

Swedish manufacturer Oriflame, one of the largest players in the local cosmetics market considering its turnover, sold the building where the company’s employees had their offices, according to sources in the market.

NEPI postpones for Q3 the delivery of Victoriei Office project in downtown Bucharest

South-African investment fund NEPI, one of the largest players in the real estate local market, will complete its office project Victoriei Office in Q3, more than one year later than the initial estimations.

Construction works had 10.4 pct growth in 2015

Construction works in Romania registered a 10.4 percent increase (gross series) on the back of an advance of 31.8 percent in capital repairs, a 13.3 percent rise in maintenance and repairs and a 5.2 percent increase in new constructions, data from the National Institute for Statistics (INS) show.

DTZ Echinox recruited a former valuer from real estate consultant JLL

Dan Ivanov, former head of the valuation department within JLL was recruited by real estate consultant DTZ Echinox for its valuation department.

Building owners concerned with increasing energy efficiency of their properties

More than EUR 40 billion from EU funds will be allotted for decarbonisation projects and will be managed by each country’s authorities, in order to efficiently improve the energy efficiency in commercial real estate properties.

Romania’s economy grows by 3.7% in 2015

Romania’s gross domestic product (GDP) increased by 3.7% in 2015 compared to 2014, according to the first estimates released on Friday by the National Statistics Institute (INS). This is the highest growth rate for the local economy after 2008.

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