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European Commission slashes 2014 economic growth outlook for Romania to 2 pct

The European Commission performed a massive revision to its forecast on Romania’s economic growth in 2014, reducing it from 2.5 percent (spring estimate) to 2 percent of GDP, writes Mediafax.

Softvision opens second Bucharest headquarters

Romanian software outsourcing company Softvision opened this Monday its second Bucharest office.

Intel’s software development center in Bucharest reaches 180 employees, looks for more engineers

American technology group Intel has hired 180 people in its software development center in Bucharest, which was opened in 2010, and will continue to add IT engineers to produce software for data centers, according to Monica-Ene Pietrosanu, the center’s manager, quoted by local Hotnews.ro.

Adamescu sells 3.6 pct of Unirea Shopping Center stake to stepson For EUR 0.5 mln

Romanian businessman Dan Adamescu has sold a 3.6 percent stake in Unirea Shopping Center to his stepson, Rani Palade, for RON 2.2 million (EUR498,400).

70,000 sqm of office space leased in Bucharest in Q3, says CBRE

The total amount of leasing activity (TLA) in Bucharest in the third quarter was of over 70,000 sq m, out of which take-up represented 80 percent, according to a CBRE report.

Skanska inaugurates first building in Green Court Bucharest

Real estate developer Skanska officially inaugurated the first building in the Green Court Bucharest project, 19 months after the start of the construction works. EUR 46 million have been put in this first phase of the project.

NEPI acquires Promenada Mall for EUR 148 million

South-African investment fund New Europe Property Investment (NEPI) paid EUR 148 million for the Promenada Mall in Bucharest to Raiffeisen evolution, which invested EUR 130 million in the project. The group paid cash from its own funds, writes Mediafax.

Luxembourg investment fund acquires EUR 1.2 mln real estate assets in Bucharest

Tavirama, a Luxembourg-based investment fund , has bought two retail spaces and one luxury apartment in Bucharest for EUR 1.2 million, the deals representing its first incursions on the Romanian market, where it plans to reach a portfolio of EUR 5 million by the end of next year, writes Mediafax.
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