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Articles

Number of new companies with foreign capital, down by a quarter in Romania

The number of companies with foreign capital that were set up in January dropped by 25% compared to January 2015.

Romania to launch two investment funds for IT startups

The Government wants to create two investment funds with a total budget of over EUR 100 million to finance IT startups.

CBRE appointed to lease first office buildings within Timpuri Noi Square project developed by Inter IKEA in Bucharest

Real estate consultant CBRE was appointed by Vastint Romania, the real estate division of Swedish group Inter IKEA, to lease the first two office buildings, totalizing 33,000 sq. m, within Timpuri Noi Square project.

Average apartment prices go over EUR 1,000 per sqm in Romania

The prices of apartments put up for sale in Romania grew by 4.5% in February compared to January and by 9.8% year-on-year.

Romania’s office furniture market goes up as real estate investments grow

The local office furniture market could increase by 10% this year reaching a volume of EUR 45-50 million, said Horatiu Didea, Managing Partner of Workspace Studio.

Number of building permits, down by 14.6% in Romania

The number of building permits for residential buildings in Romania dropped by 14.6% in January to 1,429 compared to the same period in 2015.

Martin Slabbert put on the market new investments fund registered in the British Virgin Islands

South-African Martin Slab­bert, who brought the investments fund NEPI on the list of largest real estate investors in Romania, re-enters the real estate industry with joint venture dedicated to CEE markets.

Number of insolvencies down in January, but many companies suspend activity

A number of 662 companies filed for insolvency in the first month of this year, down 28.82pct compared to the same month of 2015, show the data with the National Office of Trade Registry (ONRC).

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