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Metro line plans advance to feasibility study stage for Romania’s western city of Timisoara

Nicolae Robu, the mayor of Romanian city of Timisoara, recently said that a feasibility study will be made for the project to build a metro line in the city, reports local publication Ziua de Vest.

Esop to create in 2015 office transactions division outside Bucharest

Real estate company Esop, market leader on the small and medium companies office rentals segment, plans to open in 2015 a new office transaction division outside Bucharest.

DTZ and Cassidy Turley united under new brand

DTZ, global commercial real estate player, announced the fusion Cassidy Turley – DTZ, which will operate from now on as a single global company, following the acquisition of Cassidy Turley by the private investment consortium TPG Capital, PAG Asia Capital and the Pension Fund of the teaching staff from Ontario.

Romania ranks 4th in Central and Eastern Europe based on volume of real-estate transactions in 2014

The value of real-estate transactions registered in Romania in 2014 puts the country on 4th place in Central and Eastern Europe, behind Poland, Russia and the Czech Republic, according to CBRE reports.

Russian media group Sputnik intends to open office in Bucharest

Russian media group Sputnik News is preparing to open offices in Bucharest and Chisinau. The group is controlled by the Russian state and includes a radio network and a network of news in various languages, writes Mediafax newswire.

German official: Romania will not access Schengen in 2015

The chairman of the commission for internal affairs of the Bundestag Wolfgang Bosbach stated that Romania will not access Schengen in 2015, saying that the fact that Klaus Iohannis was elected as president does not mean that the political situation in the country has changed fundamentally or will change’ Der Spiegel says.

Jumbo to open three new units in Romania this year

Toy retailer Jumbo will open three new stores in Romania in 2015, in Arad, Ploiesti and Pitesti. The Greek company will reach a network of seven stores on the local market, where it has already posted EUR 9 million in sales in the last fiscal year.

ANCPI: Over 75,000 properties, traded nationwide in October 2014

Over 75,000 properties were traded nationwide in October 2014, by 7,973 more than in September and on the rise by 300 compared to October 2013, according to the statistics posted on the website of the National Agency for Cadastre and Real Estate Advertising (ANCPI).

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