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Articles

Largest Romanian investment fund starts fifth buyback program

Romanian investment fund Fondul Proprietatea started its fifth share buyback program, on Tuesday, February 10, the fund’s manager Franklin Templeton announced in an official statement.

DB Global Technology reaches 200 employees target and plans to bring on 300 more by 2016

DB Global Technology, the technological center of Deutsche Bank (DB), announced that it has reached its target of 200 employees, of which 40 were hired in the last three months of 2014, according to a press release of the DB.

Starbucks brings high-end coffee shop brand to Bucharest’s Pipera neighbourhood

Coffee shop chain Starbucks will bring its high-end brand Starbucks Reserve Strip Mall to Bucharest. It will open the first coffee shop under this brand in the Pipera area of Bucharest on Thursday, February 12, the company has announced.

Largest 50 business centres in Bucharest worth EUR 3 billion

The largest 50 business centres in Bucharest, with a total area of 1.5 million sq. m, representing approx. 70 pct. of the office stock of the capital, could be evaluated at nearly EUR 3 billion, considering a price of EUR 2,000/rentable square metre, according to a ZF study.

Average net salary goes up in Romania

The average net salary in Romania was of RON 1,866 (EUR 419) in December 2014, up by RON 123 (some EUR 27) or 7.1% compared to the previous month.

Romanian National Bank revises inflation down to 2.1%

The Romanian National Bank (BNR) estimates an inflation of 2.1% for the end of this year and 2.4% for the end of 2016, said yesterday Mugur Isarescu, BNR governor.

Europe's best cities for real estate investment

Emerging Trends in Real Estate Europe 2015 study, published jointly by Urban Land Institute and PwC

AFI Park 2, headquarters of Electronic Arts, the first building using only intelligent lighting: EUR 100,000 savings

The office building AFI Park 2, hosting the headquarters of Electronic Arts, became the first building in Romania using exclusively an intelligent LED lighting system, which brings annual savings estimated to EUR 100,000.

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