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Articles

5,000 apartments to be built in South Bucharest by 2016

Several Romanian investors want to develop by next year 5,000 apartments in the South of Bucharest, for the first phase having been bought plots of about 15 hectares, and the first blocks will be available for sale this year.

Interview with Mr. Mihai Olaru, General Manager of Omifa

Omifa has been active for 13 years on the Romanian Real Estate market. The company is specialized in interior and exterior design, design consultancy, 3D rendering and project management in different areas of the market. We asked the General Manager, Mr. Mihai Olaru, about current trends, the future, general business philosophy of the company and its most successful projects.

First IT&C cluster in Bucharest launches officially

Different Angle, the first IT&C cluster in Bucharest has officially launched with the mission to promote innovation, education and development among SMEs in the Bucharest area.

Number of construction permits up 4.3 pct in first two months of 2015

In the first two months of the year, 3,923 building permits have been issued for residential buildings, up 4.3 percent compared to the same period of 2014, increases being recorded in the South-East, North-West, Bucharest-Ilfov, South-Muntenia and North-East, according to the National Statistics Institute (INS).

AFI Europe celebrated the opening of the 3rd building in the office project AFI Park

AFI Europe celebrated on Wednesday the opening of the 3rd building in the award winning office project AFI Park.

Insolvencies down by more than half in Romania

The number of insolvent companies dropped in the first two months of the year by 56% year-on-year. It reached 1,895, according to Romania’s Trade Register ONRC.

US funds to buy into real estate developer active in Romania

US bond mutual fund PIMCO and investment group Griffin Real Estate want to buy a 41.55% stake in the Polish real estate company Echo Investment, from Polish investor Michal Solowow, the third richest Pole.

Andrew Peirson is the new MD of JLL Romania and SEE

Andrew Peirson has been appointed managing director for Romania & South-Eastern Europe (SEE) by real estate services firm JLL. This is an expansion of his current role as managing director for the firm’s SEE business based out of its office in Belgrade, Serbia.

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Alexandra Filip

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