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German group Bosch opens its second service center in western Romania

Bosch Service Solutions, a global provider of business services that is part of German group Bosch, opened its second service center in Timisoara, western Romania, on December 14.

Romanian billionaire sells stake in Metro Cash&Carry

Romanian investor Ion Tiriac has sold its stake in the retailer Metro Cash&Carry Romania in mid-November.

Around 20pc of companies invested in boosting employees’ efficiency and productivity

Approximately 20pc of Romanian companies have invested this year over 100,000 Euros towards boosting the efficiency and productivity of their employees, other 20pc of companies have spent amounts ranging between 10,000 – 50,000 Euros and 60pc have invested less than 10,000 Euros in special programs for employees, a recent survey on the topic reveals.

Romanian investor expands his new mall due to high demand

Romanian investor Florin Pogonaru has decided to expand by 16% the area of his Veranda shopping center, which he develops on a 4.5-hectare plot near Bucharest’s Obor market.

Foreign direct investment up to nearly EUR 2.8 billion in Romania

Foreign direct investment in Romania increased by EUR 270 million in October, reaching EUR 2.784 billion after the first ten months of the year.

CBRE’s head of investment properties in Romania gets promoted to regional position

Gijs Klomp has been promoted as head of investment properties, Central & Eastern Europe, with CBRE, starting January. He will also retain his current position as head of CBRE investment properties in Romania.

Moody’s changes outlook on Romania’s Baa3 ratings from stable to positive

Moody’s has changed the outlook on Romania’s Baa3 government ratings from stable to positive. The agency has also affirmed Romania’s Baa3/P-3 ratings.

Sutdy: Construction costs in Bucharest, the cheapest in Europe

The costs associated with constructing the buildings of tomorrow, around the world are varied and unpredictable. Rapidly shifting commodity prices, political instability and fluctuating currencies conspire to make investment and development decisions highly complex and fraught with risk.

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