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Articles

Direct investments dropped 9.9 pc in one year

In January – September 2013, the balance-of-payments current account posted a deficit of EUR 595 million as compared with a deficit of EUR 4,800 million in the first nine months of 2012, due to the decrease in trade deficit (by EUR 3,057 million), as well as the increase in services surplus (by EUR 1,492 million), according to a communiqué released by the Central Bank (BNR).

The Top of Foreign Investors in Romania

The Netherlands and Cyprus are on the first places in the top of biggest foreign investors in local economy, at least as figured on paper.

The FIC warns members may redirect investments following Romania’s tax drive

The Foreign Investors’ Council (FIC), the business advocacy group, said on Monday the local fiscal instability has wider consequences for Romania as an investment destination, after the government announced plans to enforce new taxes next year.

Mega Image expanded on 6 ha in Bucharest

Belgian supermarket chain Mega Image, with a network of 210 stores in Bucharest and an estimated occupied area of 60,000 sq. m, became the most important tenant in residential buildings’ ground floor, a territory dominated by far by banks and pharmacies.

Cora Looks For Association to Develop Commercial Centre in Braşov

Belgian retailer Cora, part of the group Louis Delhaize, intends to sign a partnership with a commercial centres developer to ensure the construction of a mall in Braşov, on the plot the hypermarkets network owns in the centre of the city.

Immochan Started the Construction of Coresi Braşov Commercial Centre

Immochan, the real estate division of the Auchan group, started in Brasov the construction of the commercial centre Coresi, to include 130 stores, 6,000 sq. m entertainment area and the biggest Auchan hypermarket in Transylvania, with an investment of EUR 60 million.

EBRD revises 2.4 pc upward the increase of Romania’s GDP in 2014

The European Bank for Reconstruction and Development (EBRD) improved Romania’s economic growth forecast for next year from 2.2 pc – the level anticipated in May – to 2.4 pc, but warned that short-term prospects are further limited by the poor evolution of the euro zone, reads an EBRD report on the economic prospects of the countries where the bank operates.

Chinese investors turning to CE

More Chinese investors are turning their attention to Central Europe, after recently closing their first deal in the region: Silesia City Center, a shopping center in Poland, was sold at a price equivalent to almost EUR 400 million.

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