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Articles

CORFAC International European Chapter Conference

Over the last three and a half years, CORFAC International’s European presence has grown dramatically. Since the fall of 2011, CORFAC International has expanded with 10 new firms in Europe and several in other key global markets.

Crosspoint: Investors are looking now in real estate more profitable alternatives than the bank interests

The drop of the interest rates in bank deposits made many investors to look for new destinations for fund placements, therefore the appetite for the acquisition of rented office building has increased, as the yield is reaching 7.5-8.5 pct., said during ZF Live Mihai Du­mi­trescu, managing partner of the real estate consultant Crosspoint.

Negotiations advance for takeover of Billa Romania by Carrefour

For several months, negotiations between Carrefour Romania and Rewe’s supermarket network Billa have been stalling, but according to Ziarul Financiar they are now in an advanced state.

Immofinanz builds industrial park near Bucharest

Austrian real estate developer Immofinanz has started the speculative construction of a logistics park in Mogosoaia, next to Bucharest.

Retailer Mega Image closes some shops in Romania after rapid expansion

Romanian retailer Mega Image, part of Belgian group Delhaize, announced that it will close all of its shops in the city of Pitesti, because of their poor results.

Romania’s building materials market could grow to EUR 3.5 billion

The building materials market will increase to EUR 3.5 billion this year, said Claudiu Georgescu, president of the Romanian Association for Construction Materials Producers.

Romania, second largest increase in hourly labour costs in EU

Romania recorded the second largest increase in hourly labour costs in the EU in the first quarter of this year, with a 7.1% advance. Latvia saw the largest increase with a 7.3% growth.

TECHNO OFFICE: Top industries that invest in office design

According to Techno Office, one of the main local providers of solutions for office space furnishings, 30% of the companies which invest in office decorating are those who provide outsourcing services. Next in the same top are the FMCG, IT and professional services companies.

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