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Articles

French investors: Romania should move from low-cost labor to competitiveness

Romania needs to turn from a cheap labor economy into a competitive economy if it wants to grow and attract new investments, said Eric Faidy, president of the French Chamber of Commerce in Romania.

NEPI doubles Constanta shopping mall area

South-African investment fund New Europe Property Investments (NEPI) will open in June the new wing of the shopping center City Park Mall in Constanta, after a EUR 40 million investment.

General Concrete secures EUR 6 mln loan for residential development in Bucharest

General Concrete Land Development has secured a EUR 6 million loan from Garanti Bank for the development of Sunflower Grand Apartments, a residential project in Bucharest. The funding was granted for a period of three years.

Bankrupt company of Alia Apartments developer to sell nearly 2 ha plot in Baneasa for EUR 4 million

A plot of land exceeding 17,400 sq. m, situated in Baneasa district in Bucharest, bought in 2008 with nearly EUR 12 million by the currently bankrupt company Alia Parking is up for sale for a starting price of EUR 4 million, according to information from the website of Casa de Insolvenţă Transilvania, the company’s judicial liquidator.

Casa de Insolvenţă Transilvania relocates its offices to Green Court in Floreasca

Casa de Insolvenţă Transilvania (CITR), judicial administrator for insolvent companies, relocates in June its headquarters from Phoenicia Business Center, situated near Unirii Blvd., in Bucharest to the business park Green Court, situated in Barbu Văcărescu area,a ccording to sources in the market.

Xerox opens new customer care center in Bacau

Document management company Xerox announced it will expand the range of services for its European customers with the opening of a new customer care center in Bacau, where it will hire 140 people. This center will target customers in Italy.

Marks & Spencer opens first food store in Romania

Marks & Spencer (M&S), one of the leading retailers in the UK, announced on Wednesday the introduction, in premiere on the Romanian market, of the M&S Food division, which comes with the opening of the company’s latest clothing and food store within Plaza Romania shopping center in Bucharest. The store’s launch will take place on Thursday, May 7, at 10 am.

American hedge fund sells USD 32 mln worth of Romanian Fondul Proprietatea stock

American hedge fund Elliott was the first to take advantage of Romanian investment fund Fondul Proprietatea secondary listing on the London Stock Exchange (LSE).

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