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Articles

Plaza Centers sold the plot in Slatina, Romania, to a logistics developer

Plaza Centers sold the 23,880 sq. m plot in Slatina for the price of EUR 660,000, accordidng to an announcement the company made in London Stock. The company planned the development of a mall of EUR 40 million on the plot of land.

Romania’s M&A market grows 23 pct to USD 3.65 bln in 2015

Although there were fewer transactions on the M&A market in Romania last year, the market saw a strong advance of 23 percent, according to a study by EY Romania. The 123 transactions which took place in 2015 amounted to some USD 3.65 billion, with a median value of USD 100 million per transaction.

Wind Speed invests EUR 1.8 mln in Brasov county warehouse

Romanian transport and logistics company Wind Speed invested EUR 1.8 million into the opening of a controlled temperature warehouse in Victoria, Brasov county, its representatives announce. With this investment the company hopes for an increase of EUR 1.5 million per year in turnover.

Aviva Investors exits real estate market in Romania

British company Aviva Investors, asset manager for Aviva – one of the world leaders in insurances and pensions – exited the Romanian market following the selling of the last properties to Australian investor Valad Europe.

Real estate market in Romania continues growth; international investors and developers’ interest increasing

Local real estate market will continue the positive trend of the last years, with growth estimated on key-segments such as investments market, office and industrial, according to the most recent study of a real estate consultancy company.

Romanian state company allots EUR 10 mln to fix highway segment

Romania’s National Highways Company (CNADNR) has allotted EUR 10.5 million to start the rehabilitation work on the A2 Highway’s Drajna-Lehliu segment.

Erste: Romania could have the highest economic growth in the region

Romania could have the highest economic growth among the countries in Central and Eastern Europe this year, with a GDP increase of 4.1%, according Austrian bank Erste Group’s analysts.

71 pct of business people in Brasov expect 10 pct increase in turnover this year

Business people in Brasov and neighboring counties have more positive predictions on Romania’s economy than the national average, with 69 percent respondents in Brasov and surroundings being confident, as compared to a national median of 61 percent.

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