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Foreign direct investment, up by 35% in Romania

Romania attracted EUR 99 million worth of foreign direct investment (FDI) in November 2015, reaching EUR 2.88 billion inflows in the first eleven months of the year, according to Romania’s National Bank (BNR).

Webhelp opens new customer care center in Romania’s Iasi, hires 300

French group Webhelp, which is active in the Business Process Outsourcing sector, will open a new customer care center in Iasi where it will hire 300 people.

Two brokers from CBRE associates in new company on Romanian office market

The recovery of the office and logistics market in Romania gives real estate brokers confidence in starting their own business and competing for clients and transactions with the well-known company present in the market, companies dealing with the most important tenants and office buildings owners.

Konieczny (FP): Romania’s attractiveness for foreign investor will have to be fed by fiscal relaxation measures

Romania’s attractiveness for foreign investors should be fed by measures of fiscal relaxation such as VAT reduction to 20% as of 2016, followed y a drop to 19% next year, reductions of the income tax on dividends from 16% to 5% and the elimination of the tax on special constructions as of 2017, says Greg Konieczny, the manager of Property Fund, in a press release.

Ovidiu Șandor exits City Business Centre project in Timișoara, NEPI took over the entire office complex

Businessman Ovidiu Șandor in Timișoara exited the shareholding of the company ModaTim Business Facility, the developer of the office complex City Business Centre Timișoara, so the South-African investment fund NEPI became the sole shareholder of the project, according to the takeover agreement at the completion of the construction.

GLL increased with EUR 8.7 million the capital of the company controlling Victoria Center office building in Bucharest

GLL has increased with EUR 8.7 million the capital of Victoria Office Center , the company controlling Victoria Center office building in Bucharest, taken over last year by the German investments fund from Bluehouse, for nearly EUR 20 million.

One United Properties to deliver 8,000 sqm prime residential project in 2017

One United Properties announced the start of construction works for a high-end residential project in Primaverii, near Herastrau Park, to be delivered during the second half of 2017. The scheme includes 33 units distributed in two buildings covering a total area of 8,000 sqm, of which 4,000 sqm will be habitable area.

Romania sees 45 pct yearly drop in property transactions in 2015

Property transactions (including office, retail and industrial) reached a record level in Central and Eastern Europe, shows a CBRE report, which places Romania fifth in the region with deals totaling EUR 644 million, 45 percent below the 2014 level.

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