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Fitch Ratings affirms Romania at 'BBB-' and 'BBB' and Stable Outlook

Fitch Ratings has affirmed Romania's long-term foreign and local currency Issuer Default Ratings (IDR) at 'BBB-' and 'BBB', respectively, the Public Finance Ministry informed in a Saturday release.

Construction starts on first solar powered residential complex in Romania

Construction works on the Solar Neighbourhood, the first project in Romania designed to be powered by photo voltaic solar panels, have started in Bucharest and are projected to end in September 2017, according to an announcement by developer Ad Astra Partners.

GLL Real Estate Partners buys Floreasca Park for over EUR 70 mln

German investment fund GLL Real Estate Partners is in the process of acquiring the Floreasca Park office project in Bucharest from its developer Portland Trust for over EUR 70 million, according to local media reports.

Iulius Group to build 9,000 sqm building in Palas Iasi complex

Palas Iasi will expand to a 62,000 sqm GLA through the addition of United Business Center (UBC) 6, a 9,000 sqm Class A office building, shows a statement by the developer Iulius Group.

CENTRAL EUROPEAN OFFICE FORECAST 2015-2017

According to global property adviser Cushman & Wakefield, the outlook is generally positive in the Central European office markets of Czech Republic, Hungary, Romania, Poland and Slovakia. Three out of the five markets are anticipating rental growth over the next three years (Bratislava, Budapest and Prague).

Romania’s economy up 3.7% in the first half

Romania’s GDP increased by 3.7% as gross series in the first half of this year, compared to the same period in 2014, and by 3.8% in seasonally adjusted terms.

Analysis: the investors scared by Greece and by the volatility of China can look towards Romania

The investors worried by the evolution of the markets recently should look towards Eastern Europe and especially towards Romania in order to find a refuge in the context of the volatility of the stock exchange in China and the crisis of the debts of Greece, according to the analysts consulted by CNBC. ‘ Central Europe and Romania look even a bit attractive’ stated Charles Robertson, the head economist at the investment bank Renaissance Capital, concentrated on emerging markets.

Romania’s H1 foreign direct investments at 1.66 bln euro, up 40pct y-o-y

Direct foreign investments in Romania stood at almost 1.66 billion euro in the first six months of this year, by almost 40 per cent over the 1.19 billion euro recorded in the similar period of last year.

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