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Residential and office developers, new engines of land transactions

„Retailers will be less active“

Romania aims to increase number of small and medium firms by 40%

The Romanian state wants to grow the number of small and medium-sized enterprises (SMEs) by over 40% until 2020, according to the National Strategy for SME Development 2020.

South-African fund Investec owns 5 pct. of the owner of Promenada and Mega Mall

Investment fund Investec Asset Management reached 5 pct. shares in real estate fund New Europe Property Investments (NEPI), the owner of the commercial centres Promenada and Mega Mall in Bucharest and of other assets such as office buildings and retail projects.

Prodvinalco develops EUR 5 million real estate project in downtown Cluj-Napoca

The construction will be completed in the end of 2016.

Americans started shopping in Romania

The reduction of interests and bonds’ yields has determined the investors to pump money in riskier assets. The Americans are headliners in Europe and for the first time, the Romanian market is accessed by the largest funds in the US.

Romania allocates EUR 100 million to SME Initiative

The Romanian government decided to allocate EUR 100 million from the 2014-2020 Regional Operational Programme (POR) towards the SME Initiative, according to European Commission (EC) officials.

Lone Star prepares the selling of Galleria Arad and Piatra Neamţ

Real estate developer Globe Trade Centre (GTC), whose sole shareholder is the American giant Lone Star, has restructured the credits from EBRD, took for the development of the malls Galleria Arad and Piatra Neamţ, movement that allows the company to continue the “cleaning” process of underperforming assets, a category which also includes the two projects.

DIY retailer Dedeman opens EUR 13 mln store in northern Romania

Romanian DIY retailer Dedeman, owned by local entrepreneurs Adrian and Dragos Paval, will open a new store in Suceava, in northern Romania, following a EUR 13 million investment.

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