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The Advisers/Knight Frank signs the relocation of Honda to Global City

The Advisers/Knight Frank, leader of the office market for the past 5 years and recently awarded „Office Agency of the Year” at the CIJ Awards 2014, has advised on the relocation of Honda Trading Romania in Global City.

Kaufland Romania opens unit in Slatina; reaches 102-store network

Kaufland has opened a new hypermarket in Slatina (Olt county), it second store in this town and the 102-nd at a national level, according to an announcement from the retailer.

Auchan Drumul Tabarei to open on Wednesday

French retailer Auchan will open its Drumul Taberei hypermarket on Wednesday, marking the 7th unit in Bucharest and the 32nd for the entire network, according to a press release from the company. The new unit in Bucharest is the result of a EUR 70 million investment.

Globalworth buys office building Nusco Tower and nearby terrain for EUR 50 mln

Globalworth Real Estate Investments, controlled by Greek businessman Ioannis Papalekas, on Monday announced the acquisition of office building Nusco Tower for EUR 46 million and of the nearby 2,400 square meters land plot Nusco Land for another EUR 4 million.

Number of residential constructions up by 7% in Romania

The number of dwellings built in Romania increased by 7% in the first nine months of the year compared to the same period in 2013, reaching 28,555 units, according to the National Institute of Statistics.

Net investment in Romania down 5.9 pct in first nine months

Romanian net investments fell 5.9 percent to 42.67 billion lei (EUR 9.6 billion) in the first nine months of 2014 compared to the same period last year due to falling activity in constructions and lower funds for equipment acquisitions, the country’s statistics institute INS said Thursday.

Romanian private pension funds reach EUR 4.2 bln in assets

Romanian private pension funds managed RON 18.8 billion (some EUR 4.25 billion) in assets at the end of September 2014, up 27.12% compared to end-2013, representing 2.8% of the Gross Domestic Product (GDP), according to data from the Financial Supervisory Authority (ASF).

Survey: Most of the directors in Romania focus on strategy and performance

Over half of the directors in Romania, namely 58%, focus on strategy and performance, according to Deloitte’s Global Director 360°: Growth from all Directions survey.

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