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Articles

DIY retailer Praktiker reopens four stores in Romania after EUR 1.6 mln upgrade

DIY retailer Praktiker, owned by Turkish investor Omer Susli, reopened four of its stores after investing EUR 1.6 million in upgrading them.

Romania recorded 703,500 real estate transactions in January-September 2016

Over 703,500 real estate transactions were recorded at national level January-September 2016, 56,000 more than in the same period of 2015, with most of them being conducted in Bucharest, Ilfov and Timis, reveal data released on Monday by the National Agency for Cadastre and Real Estate Advertising (ANCPI).

West Gate owner signs with Renault for another 3 years and abandon competition for the new Renault HQ in Bucharest

Liviu Tudor, the biggest Romanian office space owner, signed for Renault’s 3 years lease extension in West Gate in western Bucharest and has withdrawn from the tender for the new local headquarters of the Renault Group, leaving businessman Simon Roth without competition for the office project.

Developer of Cosmopolis residential complex in Romania invests EUR 2.2 mln in strip mall

Turkish group Opus Land Development, the developer of the residential complex Cosmopolis, will open a strip mall within the project at the end of November. The investment amounts to EUR 2.2 million.

Polish fund manager Pioneer Pekao enters Romanian market

Pioneer Pekao, one of the biggest investment fund managers in the region, has entered the local market.

Salaries in the private sector have an 8 percent increase în Q3 of 2016

Salaries in the private sector saw an 8 percent increase and bonuses went up 22 percent, in the third quarter of this year compared with the same period of last year, according to Smartree Workforce Index, an analysis conducted by Smartree, a company operating on the market of HR outsourcing.

The EUR 60 mln Veranda shopping mall opens in Bucharest

The 30,000 square meters Varanda shopping mall that Prodplast Imobiliare, controlled by Romanian businessman Florin Pogonaru, has been developing in the Obor area of Bucharest officially opened on 27th of October.

Romania’s M&A market shrinks 50 pct to USD 1.1 bln in H1 2016

The Romania market for mergers and acquisitions (M&A) has fallen by almost 50 percent to USD 1.1 billion in the first half of 2016, as opposed to USD 2.1 billion in the first half of 2015, according to the EY’s M&A Barometer.

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