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Number of construction permits up 4.3 pct in first two months of 2015

In the first two months of the year, 3,923 building permits have been issued for residential buildings, up 4.3 percent compared to the same period of 2014, increases being recorded in the South-East, North-West, Bucharest-Ilfov, South-Muntenia and North-East, according to the National Statistics Institute (INS).

AFI Europe celebrated the opening of the 3rd building in the office project AFI Park

AFI Europe celebrated on Wednesday the opening of the 3rd building in the award winning office project AFI Park.

Insolvencies down by more than half in Romania

The number of insolvent companies dropped in the first two months of the year by 56% year-on-year. It reached 1,895, according to Romania’s Trade Register ONRC.

US funds to buy into real estate developer active in Romania

US bond mutual fund PIMCO and investment group Griffin Real Estate want to buy a 41.55% stake in the Polish real estate company Echo Investment, from Polish investor Michal Solowow, the third richest Pole.

Andrew Peirson is the new MD of JLL Romania and SEE

Andrew Peirson has been appointed managing director for Romania & South-Eastern Europe (SEE) by real estate services firm JLL. This is an expansion of his current role as managing director for the firm’s SEE business based out of its office in Belgrade, Serbia.

US group subsidiary opens new R&D center in Romania

IT solutions supplier National Instruments Romania, subsidiary of US group National Instruments, has inaugurated its new research & development center in an office building called The Office, in Cluj-Napoca.

Lidl opens new unit in Bucharest

Lidl opens on April 2 a new store in Bucharest, taking its network to 185 units in Romania.

CFA: Macroeconomic confidence indicator, up 2.5 points in February

Macroeconomic confidence indicator recorded, in February, an increase by 2.5 points from the previous month, having reached the value of 62.3, according to a CFA Romania release.

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