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CTP acquires Chitila Logistic Park for over 17 million Euro

CTP continues its growth by acquiring a logistics park, situated near Bucharest, Chitila Logistic Park (CLP), following an investment of 17.3 million Euro (CLP). The transaction was concluded in...

DVD Residential Imobiliare launches Arcadia Apartments Domenii following a total investment of 100 million Euro

DVD Residential Imobiliare starts the construction of the first large residential complex in Domenii area from Bucharest. Arcadia Apartments Domenii will be built in three stages and approximate...

CTP to invest over 150 million Euro for CTPark Bucharest West by the first quarter of 2018

CTP continues to strengthen its status on the domestic market through a series of important investments in the development of CTPark Bucharest West. The total investment in the CTPark Bucharest ...

C&W Echinox recruits Anamaria Tihu to expand its industrial department

Cushman & Wakefield Echinox consolidates its industrial department by recruiting Anamaria Tihu, a specialist with over 10 years' experience in sales. Anamaria Tihu will act as a Senior Consultan...

E van Wijk agrees new lease at P3 Bucharest park

Pan-European logistics property investor-developer P3 has signed a deal with Logistic E van Wijk, provider of integrated transport and logistics services, to lease 10,180 sqm of warehouse space ...

Sinziana Pardhan to become new country head for P3 Romania

P3, one of Europe's leading logistics property investor-developers, has promoted Sinziana Pardhan to the role of Country Head in Romania. Pardhan, who was recently appointed as Acquisitions Dire...

Renault Romania began works for its future headquarters in Bucharest

The works for the future headquarters building of Groupe Renault Romania in Bucharest - Renault Bucharest Connected (RBC) - have begun today in the presence of Yves Caracatzanis, Managing Direct...

Office vacancy drops below ten per cent in Bucharest for the first time since 2009, says C&W Echinox

Office demand continued to be consistent in the first six months of 2017 and the level of new supply was limited compared with H2 2016. The vacancy rate in Bucharest dropped for the first time s...

Colliers International appoints Sebastian Dragomir to lead the office department

The real estate consultancy company Colliers International strengthens its office spaces consultancy team by hiring Sebastian Dragomir for the position of Office Advisory Director.

Zacaria develops the first private industrial park in Craiova

The construction works on the new business park in Craiova are ongoing and the first 10,000 sqm of industrial space will be delivered by the end of the year, the Romanian real estate developer Z...

Logistics and industrial spaces close to full occupancy in Q1

The vacancy rate for logistics and industrial spaces in Bucharest is close to zero, with low deliveries of new projects and high demand in the first quarter.

Globalworth to become the sole owner of the Green Court Bucharest Campus

Globalworth Real Estate Investments has announced the acquisition of Building "C" of the Green Court Bucharest campus developed by the Swedish group Skanska, a press release shows. The gross tra...

Portland Trust reached almost 80 per cent occupancy rate for Oregon Park project

Portland Trust, one of the most important real estate developers in Romania, announced a leasing contract for 35,000 sqm of office space in Oregon Park, accounting for 78.6 per cent of the total...

IULIUS and Visma Software sign deal for 4,200 sqm in UBC 3 building within Openville Timisoara

The IULIUS Company and Visma Software, a Norwegian developer of business management software solutions, have signed a lease agreement for office premises within the United Business Center 3 (UBC...

More on News
MAE requests Ukraine to adopt necessary measures so that Romanians learn in their mother tongue

The Foreign Affairs Ministry (MAE) announced that it will continue to take steps with the international authorities to signal the negative impact of the legislative amendments in Ukraine's Educa...

Romania initiates first meeting of EU Council Presidencies' Trio with Finland and Croatia

Minister-Delegate for European Affairs Victor Negrescu has initiated on Monday in Brussels, the first, minister-level meeting of the Trio of Presidencies that Romania is due to commence on Janua...

PM Tudose: We will shortly come up with new form of split VAT collection

A new form of split VAT collection, which will respond to the requests made in this period by business representatives, will be presented shortly, Prime Minister Mihai Tudose announced on Monday...

Iohannis: Advanced presence on Eastern Flank must be reinforced, especially in Black Sea

President Klaus Iohannis stated on Monday that the advanced presence on NATO's Eastern Flank must be reinforced.

Romania's inflation rate up to 1.8 percent in September, says INS

The annual inflation went up in September to 1.8 percent from 1.2 percent in August, according to data of the National Institute of Statistics (INS), as reported by Agerpres.

Mol announces plans to build new headquarters in Budapest

Mol Group announced its plans to relocate its corporate headquarters by 2021 to Mol Campus, the company's new 83,000 sqm office.

ADM Capital sells Brikston Construction Solutions to Wienerberger AG

ADM Capital, an international private equity fund, acquired a 98 per cent stake in Brikston Construction Solutions (Brikston) in July 2014 and has agreed to sell its full shareholding to Wienerb...

TotalSoft appoints Tom Stankiewicz as Financial Services Executive Director

TotalSoft, one of the leading ERP and financial solutions providers, part of software company Logo Software (Logo), takes new strategic steps in further penetrating international financial marke...

Werk invests 2.5 million Euro in 400 parking spots near Vox Technology Park

Werk Property Group will start in November the construction of a new parking with a capacity of 400 parking spots in the immediate vicinity of office project Vox Technology Park from Timisoara. ...

Colin Lovering joins Avison Young in Romania

Avison Young announced the strategic hiring of business development specialist Colin Lovering, a press release shows.

EBRD to become a shareholder in Agricover Holding

The EBRD and Agricover Holding have signed legal agreements today confirming the Bank's intention to become a shareholder in the Romanian agribusiness company.

CTP to invest over 150 million Euro for CTPark Bucharest West by the first quarter of 2018

CTP continues to strengthen its status on the domestic market through a series of important investments in the development of CTPark Bucharest West. The total investment in the CTPark Bucharest ...

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ADM Capital sells Brikston Construction Solutions to Wienerberger AG
ADM Capital, an international private equity fund, acquired a 98 per cent stake in Brikston Construction Solutions (Brikston) in July 2014 and has agreed to sell its full shareholding to Wienerberger AG of Aust...

PM Tudose: We will shortly come up with new form of split VAT collection
A new form of split VAT collection, which will respond to the requests made in this period by business representatives, will be presented shortly, Prime Minister Mihai Tudose announced on Monday in a meeting wi...

Three Romanian companies among the fastest-growing technology companies in CE
Three Romanian companies made it to the Central European Deloitte Technology Fast 50 ranking and one received a special award for the Most Disruptive Innovation.

EBRD to become a shareholder in Agricover Holding
The EBRD and Agricover Holding have signed legal agreements today confirming the Bank's intention to become a shareholder in the Romanian agribusiness company.

Colin Lovering joins Avison Young in Romania
Avison Young announced the strategic hiring of business development specialist Colin Lovering, a press release shows.