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Articles

American investment fund, big winner of Bucharest deindustrialisation

NCH had the vision to buy large number of factories in the ‘00s, where malls or hypermarkets were built afterwards.

Romania and Malta, highest inflation rates in EU

Romania and Malta recorded the highest inflation rates in the European Union in May, according to EU’s statistical office Eurostat. The two countries saw a 1.3% annual inflation rate, whereas the annual inflation rate in the EU went up to 0.3% in May.

The top of the most expensive cities for expats: Bucharest dropped from 159 to 178

Bucharest dropped from 159 in 2014 to 178 in a top of the most expensive 207 cities for expats, the cities in Central and Eastern Europe, going down in the ranking as a result of the depreciation of the local currency against the American dollar, according to a Mercer study, which takes as reference New York.

ParkLake announces advanced construction state

ParkLake, the EUR 180 million shopping mall developed by Sonae Sierra and Caelum Development in Bucharest’s District 3, announced that construction work is continuing and that structural building is now “in advanced state”.

Romania, attractive for investors due to very small redundancy costs

Romania remains attractive for investors since it is among the countries with the smallest costs of redundancy for objective reasons (reorganization), in the case of the employees with average seniority, according to the third edition of an international study on the layoffs carried out by a law firms network sent to Agerpres on Monday.

AFI Europe invests EUR 15 mln to expand shopping center in Bucharest

Real estate developer AFI Europe Romania will invest EUR 14-15 million in expanding the AFI Palace Cotroceni shopping center by some 8,000 sqm.

Office market in regional hubs in Romania goes up

Developers will deliver some 96,000 sqm worth of office space in Cluj-Napoca, Timisoara, Iasi and Brasov this year, whereas the demand amounts to some 80,000 sqm, said Mihaela Galatanu, head of research within DTZ Echinox.

Romania ranks first in Europe at number of employees required to be present at the workplace

Romania is the European country with the largest number of employees who must be present at the workplace to perform their duties (81 percent), the opposite being Norway where 51 percent of the SMEs’ employees must be effectively at the workplace, according to a Ipsos Mori survey conducted for Microsoft.

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