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Romania has best macroeconomic situation in Central Europe

Romania’s macro-economic situation is the best in Central Europe, and our country has met 10 out of 11 convergence EU criteria, on Thursday said the central bank (BNR)’s chief-economist Valentin Lazea, in a business forum.

Private sector wages in Romania rose by an average of 4.1 percent this year, says PwC

The gross average salary in the private sector increased by an average of 4.1 percent in 2014, while it the biggest growth rate of 8 percent was recorded in Timis County, according to the salary and benefits survey PayWell Romania of professional services firm PwC.

Romania’s capital to catch up with Budapest and Prague on modern retail stock

The shopping centres stock in Romania’s capital Bucharest, which includes malls, retail parks and commercial galleries, will surpass a gross leasable area (GLA) of one million square meters, in the next two years, according to local real estate consultancy firm DTZ Echinox.

Lidl to develop offices and store unit on former Băneasa bread factory plot

The building of the former Bănea­sa factory is demolished in order to make room for an office building and a store, the German retailer Lidl intends to develop on a quarter of the five hectares in Norhtern Bucharest.

The Romanian IT market to reach EUR 1.2bln this year

The Romanian IT market will most likely grow by 9.1 percent this year to a total of RON 5.4 billion (EUR 1.2 billion), exceeding most countries in the region.

EY: Romanian M&A market down 24 pct to USD 578 mln In January-June

The Romanian mergers and acquisitions market totalled USD 578 million in the first six months of 2014, down 24 percent from USD 756 million in January-June 2013, with 61 deals, compared with 75 in the first half of last year, according to EY M&A Barometer Romania.

NEPI announces EUR 80 mln equity raise

South African New Europe Property Investments (NEPI) plans a EUR 80 million equity raise, according to an announcement the real estate investment fund sent to the Bucharest Stock Exchange (BVB) on Wednesday. The equity raise will be offered to qualifying investors through an accelerated book build process.

NEPI invests EUR 6 mln in Buzau shopping mall renovation

South African fund NEPI will invest EUR 6 million to renovate and refurbish the Aurora mall in Buzau, acquired this summer from Dan Ostahie.

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