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Net investments in Romanian economy, down 7.4% in Q1

The net investments made in the Romanian economy stood at 11.23 billion lei (current prices) in Q1 2014, down by 7.4% compared to the same period of last year, according to the data released on Wednesday by the National Institute of Statistics (INS).

Frederic Bellon: Auchan Romania to boost turnover in 2014 despite drop in first months

Auchan Romania estimates it will increase its turnover this year despite the fact that in the first months sales were below the level reported during the same period last year, said Frederic Bellon, the retailer’s recently appointed general director, according to Mediafax.

MavenHut gaming company rented 500 sq. m in Premium Plaza

MavenHut, the gaming company which has developed Solitaire Arena, rented 500 sq. m office spaces in Premium Plaza building in a relocation process intermediated by DTZ Echinox.

Nielsen: Romania, 5th out of 32 European states for increased trust in economy

Romania recorded in Q1 2014v the fifth big highest increase of the population’s trust in economy out of 32 European states, according to a survey from Nielsen.

GTC’s new owners want to start or buy new projects in Romania, target office developments

Improving the results of the shopping centers it owns in Romania is the short term objective of Polish real estate developer Globe Trade Center (GTC) after it was taken over by Lone Star Funds, but the company is also looking at starting or buying projects in incipient phases, especially in the office segment, announced GTC representatives.

Kellogg’s starts moving jobs from UK to Romania, inspired by other multi-nationals

Kellogg’s looks set to move around 80 jobs from its UK headquarters site in Manchester to a new office in Bucharest, Romania, according to thebusinessdesk.co.uk.

First phase of Liberty Technology Park, fully let: Siemens took 3,000 sq. m offices

Siemens rented 3,000 sq. m offices within the first phase of Liberty Technology Park in Cluj, an office project developed by the investment fund Fribourg Capital, whose president is the businessman Ion Sturza.

Immochan Romania has a new development director

Ruxandra Bese is the new development director of Immochan, the real estate division of retailer Auchan.

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