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Articles

Israeli real estate developer invests EUR 20 mln in new Bucharest residential compound

Gindi Group, one of the largest real estate developers in Israel, will invest EUR 20 million in GViTown, a new Bucharest residential compound located in the Mihai Bravu area.

Esop: More and more companies are renting office villas

In the first quarter of the year the number of transactions with villas rented for offices has increased with approx. 43 pct compared to the similar period from 2014, but the average area rented has decreased with 36 pct., to 265 sq. m.

Romania’s retail trade records largest decline in the EU

The volume of retail trade in Romania dropped by 1.4% in February compared to the previous month. It was the biggest decline recorded in the EU, according to EU’s statistical office Eurostat.

62 pct of foreign investors expect revenues to go up

In their effort to provide further input the Foreign Investors Council (FIC) developed its business sentiment index to bring its members assessment of their expectations of results of operations and growth expectations, capital investment outlook for the coming year, attractiveness of Romania compared to other similar geographic locations of their respective group companies, workforce plans and administrative, legislative and fiscal environment when conducting their businesses, reads a press release issued on Wednesday.

Belgian developer gets EUR 30 mln refinancing for office building in Bucharest

Belgian real estate developer Atenor received a EUR 30 million loan to refinance an office building in northern Bucharest.

Chinese company starts works at residential project in Craiova

Prime Minister Victor Ponta and Chinese Ambassador Xu Feihong attended on Tuesday the opening of a works site in Craiova, where a Chinese company builds a residential neighbourhood.

Dutch, Austrians and Germans, most important investors in Romania

Number of companies with foreign capital participation stood at 200,000 at the start of 2015

MetroCity Academiei to be completed next year following EUR 10 mln investment

Real estate developer with domestic capital Construct Aprodex will invest approximately EUR 10 million in MetroCity Academiei, a residential project located near the Military Academy in Bucharest.

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