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A group with 10,000 employees from Bulgaria are looking for a land for the construction of a BMW centre in Bucharest

TIM Group, controlled by the Bulgarian businessman Ivo Kamenov and Marin Mitev, including over 50 companies from several ranges of activity and over 10,000 employees has in plan the construction of a new BMW centre in Bucharest, according to sources in the auto mrket.

The volume of construction works dropped by 9.6% in the first five months

The volume of construction works, gross series, dropped by 9.6% in the first five months, recording drops in capital repair works by 20.1%, the maintenance and current repair works by 11.4% and new construction by 6.5% according to INS.

Luatel Call center relocate its headquarters in Cubic Center, Pipera

The outsourcing company Luatel (with activities on the markets in Brazil, Germany and Romania) is renting 860 sq. m in Cubic Center from Pipera, a building included in Liberty Management’s portfolio, with the support of Crosspoint Real Estate.

Fisc will require foreigners with properties to provide more information

Foreigners with properties in Romania will be forced to supply new more detailed information about their assets which Fisc, the Romanian fiscal authority, will then relay to their countries, according to capital.ro.

Logistics market stagnates: 100,000 sq. m rented in 6 months, 300,000 sq. m predicted for the entire year

The area of the logistics space transacted in the first six months totalizes approx. 100,000 sq. m, a level similar to the one registered in the similar period of last year, has declared Marian Orzu, director of CBRE, who estimates that the transactions will reach 300,000 over the entire year.

BauMax sells its 15 Romanian stores to French Adeo

Austrian DIY retailer bauMax has sold its 15 stores in Romania to French group Adeo, the company announced today. The 15 stores will be acquired through a share swap between the two companies.

RIB headquarters to relocate in Pipera

Romanian International Bank (RIB), bank purchased in December last year by the Polish financial group Getin Holding, rented 3,500 sq. m in Hermes Business Campus for the future bank headquarters, according to the real estate consultant Colliers International, the broker of the transaction.

eMag sets up software development center using state aid

Online retailer eMag announced a new investment project, the eMag IT Research Software Development Center in Bucharest, which will create 203 jobs. The company received at the end of June state financing worth EUR 6.65 million, which was approved by the Ministry of Public Finances.

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