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Genpact leases remaining 3,000 sqm in United Business Center Tower

United Business Center Tower, developed by Iulius Group in Cluj-Napoca, has reached a level of occupancy of 100 percent after Genpact announced it leased the remaining 3,000 square meters in the office building developed by Iulian Dascalu’s company.

Kingfisher gets closer to buying competitor Mr. Bricolage, Romania included

British group Kingfisher, one of the largest do-it-yourself (DYI) retail groups in Europe, is close to finalizing the takeover of French rival Mr. Bricolage.

Some 3,200 new firms by first-time entrepreneurs registered in Romania in six months

Young Romanian entrepreneurs founded 3,200 new firms (SRL-D), which are eligible to get state support, in the first six months of the year. Since 2011, more than 14,000 new firms were set up by young entrepreneurs, after the Government decided to offer state aid to encourage them.

Globalworth posts EUR 70 mln profit from Romania acquisitions

Real estate investment fund Globalworth, which was founded by Greek businessman Ioannis Papalekas and listed on the London Stock Exchange last year, posted a profit before tax of EUR 70 million for the first quarter of the fiscal year (January 1 to March 31, 2014).

French group Sanofi to move its Romanian headquarters to Skanska’s Green Court office complex

French group Sanofi, one of the largest pharmaceutical groups on the Romanian market, will move its local headquarters to the Green Court office complex developed by Swedish group Skanska.

Carrefour H1 profits up; sales increase in Romania

Carrefour, the world’s second-largest retailer, reported a 13.8 per cent rise in first-half recurring operating profit to EUR 833 million, driven by higher profitability in its core French business and in Brazil and Argentina, while China stayed under pressure, writes Mediafax.

The message of Knight Frank’s head of Europe: starting this autumn money will come on the local real estate market

Chris Bell, managing director of the European division of the real estate consultancy company Knight Frank, said that the Romanian market reached its lowest level, so the only possible scenario is the growth.

AFI Cotroceni sales 10% higher than last year

Retailers’ sales from the commercial center AFI Palace Cotroceni, less Auchan hypermarket, grew by 10% in the first 6 months. End of the year estimates made by AFI Europe, the owner of the mall show a 5% advance to 215 million euro.

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