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Five investors bought properties of over EUR 500 million in Romania last year

Five investors - CTP, GLL, P3, Nepi and Globalworth – bought properties exceeding EUR 500 million in Romania last year of the total EUR 650 million registered for the entire Romanian market, according to real estate consulting firm JLL.

Knight Frank: Growing interest for downtown Bucharest offices

The commercial real estate investment market will continue this year the strong growing trend felt in 2015 too, as the temporary data shows that the volume of transactions increased with more than 20 pct. compared to the precedent year, according to Knight Frank’s study, and 2016 will bring important changes on the office market, including on the local market.

EY Romania: The most important fiscal challenges of 2016 for the companies

The most important fiscal challenges of 2016 for the companies of Romania are connected to the tax checks, local taxes - building taxes in particular, where significant changes have occurred from the very beginning of this year, and to the international regulations, says Alexander Milcev, partner and director of the Tax and Legal Assistance Department of EY Romania.

Iulius Mall invests EUR 3.5 mln into ‘new look’

Last year, the Iulius Management Center company invested over EUR 3.5 million for the redeveloping of specific areas within Iulius Mall Timisoara, according to company representatives. The works were carried out in parallel with those for the Openville urban ensemble that is located in its immediate vicinity and were recently completed.

Radu Dimofte to sell part of the shares of a plot in Bucharest’s Kiseleff Road with EUR 4.5 million

Local businessman Radu Dimofte is selling part of the property right over a plot of land situated in 39 Kiseleff Road in Bucharest for EUR 4.5 million, plot owned by the company Wellkept Group. The land was previously occupied by a controversial historical villa demolished in 2010.

European Funds Ministry in Romania to relocate from Tower Centre International to the Parliament Building

European Funds Ministry will relocate from Tower Centre International building in Victoriei Square from Bucharest, owned by the businessman Ioannis Papalekas, as its lease agreement expired in the end of last year. The new headquarters of the institution will be the Parliament Building in Bucharest.

French IT group increases Romanian team by 500 people

French group Atos, a provider of IT solutions, will increase its local team by 500 people this year. It will thus reach over 2,000 employees in Romania.

American company TiVo plans to double its engineering center in Iasi, Romania

American company TiVo, a leading provider of advanced television entertainment, plans to double its engineering center in Iasi, eastern Romania.

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