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Anchor Group general director quits after 14 months on the job

Razvan Gaita, general director for Anchor Group since May 2013, resigned his position on August 1, for personal reasons. Gaita will start his own business so the renovation plans for the two shopping malls the Turkish developer owns in Bucharest are up in the air, writes Mediafax.

Number of companies with foreign shareholding goes up to almost 200,000 on June 30, 2014

The number of companies with foreign shareholding went up to 195,539 on June 30, 2014, as against 192,416 such units on December 31, 2013, according to data centralised by the National Office of the Trade Register (ONRC).

Mega Image Romania takes over local Angst chain

Mega Image announced Tuesday it reached an agreement with Angst to take over 20 of its 22 stores after the local company dropped out of a collaboration with Carrefour, writes Mediafax.

Helios Phoenix to expand Olympian Parks

Helios Phoenix, the sole owner of the Olympian Parks industrial portfolio, announced on Tuesday plans to extend both locations in Brasov and Timisoara with over 20,000 sqm.

Globalworth ventures outside the Capital: invests EUR 35 mln in logistics park in Timisoara

Globalworth, real estate investment company founded by Greek businessman Ioannis Papalekas, bought logistics complex Timisoara Airport Park for EUR 18 million from Invest4SEE.

NEPI raises EUR 100 million for real-estate investments

South-African investment fund New Europe Property Investments (NEPI) raised EUR 100 million via an accelerated book building (ABB) on the Johannesburg Stock Exchange, the fund announced. Earlier on Monday, the fund said it aims to raise EUR 80 million.

Romania’s retail turnover up 8.6 pct in H1, 2014

Romania’s retail turnover volume (excluding trade in motor vehicles and motorcycles) in the first half of 2014 grew by 8.6 percent, gross series compared to the first half of 2013, and by 8.2 percent as adjusted series for the number of working days and seasonality, according to data released on Monday by the National Statistics Institute (INS).

Immofinanz rental income down slightly in fiscal year 2013/14

Immofinanz posted rental income of EUR 47.1 million from its properties in Romania, in the fiscal year ended April 30, down 2.3 percent year on year.

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