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Articles

Major companies are finally starting to sign office deals in the most troubled of districts in the Romanian capital

Office rental deals in the Pipera-Voluntari area have been difficult in recent years, as the area‘s poor infrastructure has been turning many potential tenants away. But a recent rash of deals in the vacancy-hit districts suggest that road improvements may finally be having the desired effects.

Another BelRom mall facing insolvency, this time in Focsani

The last few years, several companies asked for the insolvency of Bel Rom Şapte, the company that developed the retail park in Focsani, owned by the Belgian company BelRom, but the Court has rejected those actions.

Impact Bucharest to reduce its capital 10 times, down to 19.7 million lei

The shareholders of Impact Developer&Contractor (IMP) have approved on Monday the diminution of the social capital from 197.8 million lei to 19.7 million lei, operation proposed by a significant shareholder, the businessman Adrian Andrici.

Profile Iulian Dascalu, CEO Iulius Group

With nearly two decades of experience in retail, Julius GROUP is the largest developer and operator of shopping malls in Romania. The company has a portfolio of four shopping malls under the brand IULIUS in Iasi, Timisoara, Cluj-Napoca and Suceava, which attract over 40 million visitors annually. Currently, Julius GROUP develops the whole urban Palas Iasi, an investment of over 260 million. As an active member of the International Council of Shopping Centers New York, Julius GROUP benefit from the active support of the international organizations in building and operating shopping centers.

Romania should think ‘very seriously’ before joining the Euro zone

Credit risk guru Edward Altman, a professor at Stern Business School, New York University, reckons Romania should maintain an informal relationship with the Euro zone bloc, which currently has a 30 percent chance to disintegrate. He talks to BR about the lessons that rating agencies should have learned in the aftermath of the recession and about the legendary Z score he created back in the 60’s.

BetBrain Software rents 1,300 sqm in Nouveau Center

BetBrain Software, a company specialized in IT services, relocated in Nouveau Center in Lipscani area, an office building owned by the businessman Ion Tiriac, by renting a total area of 1,300 sqm.

Allianz-Ţiriac reduces its real estate portfolio to maximize investment yields

Allianz-Ţiriac plans to reduce the real estate assets in order to maximize the investment yields and to comply with the future European requests regarding the assets suitability, the first step being the intention to sell a building in Brasov for approx. EUR 9 million.

NIS: 8.8% increase of the construction works volume in April

The construction works volume increased as unadjusted series in April with 8.8% compared to March 2013, and decreased with 3.7% as adjusted series according on the working days number and season, according to the National Institute of Statistics (NIS).

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