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Alpha Bank and Ali Ergun Ergen increased with 40 pct. Timișoara Centrum’s project area, investment to reach EUR 90 million

Alpha Group Investments, a division of Alpha Bank group, and the company TBE Business Solutions, controlled by Ali Ergun Ergen, will invest EUR 90 million in the real estate mixed-use project Timișoara Centrum, with a rentable area of nearly 70,000 sq. m, modifying the initial concept which involved 40 pct less area and EUR 80 million investments.

Romania has 100 angel investors at most and only half are active

Romania has maximum 100 angel investors and only half of them are active, according to Peter Barta, CEO of the Post-Privatisation Foundation. Romanian start-ups struggle with finding financing, he said.

Skanska: We’ll start in 2016 a phased office project in Politehnica area. The zone will be a new office hub

Swedish group Skanska, the developer of the office project Green Court in Floreasca - Barbu Văcărescu area in Northern Bucharest, intends to start a new office project next year, near the metro station Politehnica in Bucharest, where it has recently bought a 2.1 ha plot.

IKEA’s office project in Timpuri Noi neighbourhood in Bucharest becomes visible

The office project developed by Vastint Romania, the real estate division of Inter IKEA group, controlled by Swedish billionaire Ingvar Kamprad, on the plot of the former Timpuri Noi factory in Bucharest is becoming visible, as the foundation works are now carrying out.

Immofinanz consolidates office sector in Romania

Immofinanz, Austrian real estate investor announced several new partnerships and extensions of agreements with tenants in the local office sector, accounting for a total of over 21,000 sqm.

Embassy of Egypt relocates Bucharest headquarters

The Embassy of Egypt relocated its headquarters to Dorobanti Square in northern Bucharest, where many other embassies are based. DTZ Echinox brokered the deal.

Romania, among cheapest countries for temporary workforce

The temporary workforce in Romania is among the cheapest in the world, ranking 15th among 75 countries, according to a study by ManpowerGroup Solutions.

Ness SES opens second Technology Innovation Center in Romania, renting 2,800 sq. m

Ness Software Engineering Services (SES) is opening its second Technology Innovation Center in Romania, according to a company statement.

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