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Foreign investors face the lack of skilled workforce in Romania

Romanian, German, and French investors in Romania consider that the lack of qualified personnel is one of the most important problems in the local business environment, according to a survey conducted last week by the Romanian-French Chamber of Commerce (CCIFER) and the Romanian-German Chamber of Commerce (AHK).

EY Romania moves to larger office in Timisoara as regional activity grows

EY Romania’s team in Timisoara has recently expanded to 20 members and has moved to a larger office space in the City Business Centre building, which is also in line with the company’s global concept of Workplace of the future, representatives inform.

Analysis: The Bucharest-Ilfov region is the most developed of Romania

The Bucharest-Ilfov region is the most developed of Romania, with a Gross Domestic Product on inhabitant worth 131 pct of the European average, which means that Bucharest is above other European capital cities, such as Athens (98 pct), Madrid (128 pct), Berlin (113 pct) or Budapest (108 pct), an analysis sent by Friedrich-Ebert-Stiftung Romania says on Wednesday.

New shopping center to be opened in Romania’s Timisoara in 2017

Alpha Group Investments, a unit of Greek lender Alpha Bank, and Ali Ergun Ergen have obtained the building permit for Timisoara Centrum, a new mixed real estate project in Timisoara, western Romania.

Avangate expands office space in Bucharest by 1,000 sqm

Starting this fall, the Avangate team in Bucharest increased its office space by another 1,000 sqm, adding to the existing 2,000 sqm in Pipera, C1 and C3 Conect buildings, the company announced. So, at present, 180 employees enjoy a total area of 3,000 sqm equipped according to the latest standards of comfort.

Profi further expands network by three units

Profi has recently opened three new stores, continuing its accelerated expansion and taking its network to a total of 366 units, according to company representatives.

Metro line Râul Doamnei - Eroilor in Bucharest to be ready in March 2017

5th Artery of Bucharest underground will be ready to use in March 2017 on the section Râul Doamnei - Eroilor (PS Operă), including Valea Ialomiţei, with nearly one and a half year delay, announced the director for Investments and Public Acquisitions of Metrorex, Constantin Mustăţea.

Insolvency declined 52 percent in the first 10 months of 2015

The number of companies undergoing insolvency procedures in Romania declined 52 percent in the first 10 months of 2015, but write-offs were up 9 percent, business suspensions 6 percent and dissolutions 41 percent, according to official data with the National Companies Registry Office (ONRC).

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