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Bucharest beats Warsaw in terms of rents, but not in quality of life
Bucharest ranks 108th out of 215 cities in an international ranking of the best cities to live in, put together by human resources consultancy Mercer. The capital climbed three positions in...
Avrig 35 confirms sale of Auchan Titan to DEGI
Avrig 35, the real estate developer controlled by businessman Alexander Hergan, has sold the Iris Shopping Center in the Titan district of Bucharest to investment fund DEGI in a deal worth 1...
Top 10 automotive companies make up 5% of GDP
The top ten largest companies on the local car market, which include importers, manufacturers and dealers, posted cumulated turnover worth over 6 billion euros last year, equivalent to 5% of...
Developers of Bucharest's biggest mall seek 400 million euros
Portuguese real estate developer Sonae Sierra and the Irish at Caelum Development, co-developers of the Parklake Plaza project in Eastern Bucharest, have started to seek the funds they need...
Autovit builds 20m euros' worth of offices near Vitan car market
Autovit, the company that manages the largest car fair in Romania, located in the Vitan district of Bucharest, will invest 20 million euros in a Class A 18-storey office building, with appro...
Half of Lafarge staff have joined a voluntary fund
Lafarge Romania, the largest cement manufacturer on the local market, has decided to contribute to a voluntary private pensions fund (3nd pillar) on behalf of its staff as part of the employ...
Bank of Cyprus face profit pe piata locala
Filiala locala a Bank of Cyprus, care a inceput activitatile in urma cu aproape un an, a reusit sa treaca pe profit in primul trimestru, obtinand un castig net de 1,3 milioane de euro. Demar...
Bank of Cyprus derives profit in Romania
The local branch of Bank of Cyprus, which launched operations almost a year ago, has managed to derive a profit in the first quarter, posting net income worth 1.3 million euros. The start of...
Pehart Tec boosts production of tissue paper
Dej-based Pehart Tec, a producer of tissue paper products (napkins, toilet paper and paper towels), has announced investment plans worth around 20 million euros over the coming two years, wh...