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Articles

E&Y: Romania to register 1.9 pc economic growth this year

Romania will register a 1.9 percent of the GDP economic growth and an advance speed up to 2.2 percent in 2014, as the foreign conditions, mainly the state of the economies in the Eurozone start improving, shows E&Y’s autumn report – Eurozone Forecast.

Bucharest City Hall plans new underground parking near the Old City

The works for a new underground parking in Bucharest could start soon near Bucharest Old City, according to the Streets Administration in Bucharest.

Gaiţă, Anchor: A quarter of Plaza Mall reconverted to office building

Răzvan Gaiţă, the Romanian recently appointed as head of local operations of Anchor Grup, says that the renovation process of the commercial centres Bucharest Mall in vitan and Plaza Romania in Drumul Taberei will start next spring, the works being scheduled for completion in two years, until the emergence of new competitors for the two projects.

EUR 73 million investments in Militari Residence

Residential complex Militari Residence in western Bucharest, including 4,000 apartments, has engaged by now a total investment of approx. EUR 73 million.

Government to build a new motorway Braşov-Sibiu

The Motorway Company will order a feasibility study for a motorway Braşov-Sibiu, although the current segment in 4th Pan-European corridor Sibiu-Piteşti, theoretically still stands. The new motorway will be built with EU funds too.

Craiova city’s historical centre restored with EUR 11 million EU funds

Historical centre of Craiova will be rehabilitated with EU funds – EUR 11 million – in 18 months, has announced the mayor Lia Olguţa Vasilescu, who specified that the area will no longer host residences, but only shops and restaurants, the owners of the building agreeing with the change of the Urban Plan.

Romania to apply modernized EU customs legislation starting November

Following the approval of modernized Community customs legislation by the European Parliament, Romanian companies involved in international trade will have to prepare for the new provisions, some of which are set to be enforced starting November.

Biggest malls owner polishes its projects

The engines of the development of Argo in Romania were temporarily stopped, focusing on the asset costs optimization, in order to insure their sustainability for a potential selling in three-four years.
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