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Articles

Bank of Cyprus bought its own Marriott shares

The company Unknownplan Properties Limited, registered in Cyprus and represented by Georgios Christoforou – former general manager of Bank of Cyprus Romania – has bought for EUE 13 million 35% of the shares in Societatea Companiilor Hoteliere Grand (SCH Grand), the owner of the five stars hotel JW Marriott in Bucharest, shares owned by ONT Carpaţi, in bankruptcy.

Gheorghe Iaciu to launch an acquisition offer for Impact – EUR 4.4 million for 61.9% of shares

Businessman Gheorghe Iaciu, the owner of 38.05% of Impact Developer&Contractor (IMP), will launch an acquisition offer for the real estate developer, intending to buy 61.95% of its capital for 19.61 million lei (EUR 4.4 million).

GLL acquiring Green Day from Skanska Property

Skanska Property Poland has sold its Green Day project in Wrocław for €43m to Investec GLL Global Special Opportunities Real Estate Fund. The fund is managed by Investec Bank PLC and GLL Real Estate Partners GmbH.

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.

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