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"There is a big lack of skilled professionals because so many skilled people work abroad"
Walter Friedl, Lacerta Winery»
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CTP reached a total asset value of 364 million Euro in the first nine months of 2017

CTP, the leading premium industrial parks developer and long-term manager in Romania and Central and Eastern Europe, entered the last quarter of 2017 with results that exceed the previous progno...

Bucharest and Prague, first choices for new retailers entering the CEE market

Bucharest has attracted more than 20 new retailers from all around the world in its biggest shopping centres, sharing the first place with Prague in a top of CEE cities which attracted new retai...

Sonae Sierra recorded a total net profit of 78 million Euro in the first nine months of 2017

Sonae Sierra recorded a net profit of 77.8 million Euro in the first nine months of 2017, compared to the 92.6 million Euro recorded in the same period of 2016.

PPT Preturi pentru tine is moving to City Offices

PPT Preturi pentru tine, the Romanian clothing and footwear retailer, active on the Romanian market since 2006, moved to the City Offices office building, part of the Globalworth portfolio.

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...

New record for the office market: 50% of the TLA concluded in Q3 2017 was represented by new demand

About 49% of the total leasing activity (TLA) in Q3 was represented by new demand, a record high for the local office market, CBRE data reveals. This is also a record for the past years, this be...

Real estate developer Zacaria announces the expansion of its industrial park in Oradea

Real estate developer Zacaria announces the expansion of Western Industrial Park in Oradea with a new warehouse of more than 6300 sqm, already commissioned by a German investor in the process of...

Immofinanz sells several lands in the Adama portfolio

Immofinanz, one of the largest real estate investors in Romania, announced the sale of two land plots in Bucharest and Voluntari from the Adama portfolio.

CTP acquired Phoenix Logistics Center for 7 million Euro

CTP acquired Phoenix Logistics Center with approximately 7 million Euro from the Dutch company LSREF3 Alpha Dutch Holdings B.V.

Impact launches Luxuria Domenii Residence with 630 apartments in Bucharest

Impact has launched Luxuria Domenii Residence, a residential project comprising 630 apartments in the north of Bucharest.

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 ...

Vastint Romania opened the Timpuri Noi Square mixed-use project

The Timpuri Noi Square opening event, hosted by Vastint Romania, took place in the 1,800 sqm premises leased by Fratelli in Timpuri Noi Square, were the Group will shortly open Biutiful Downtown...

AFI Europe Romania starts the leasing campaign in the office project AFI Park Brasov

AFI Europe Romania announces the start of the leasing campaign in the AFI Park Brasov Class A office project. The company is already in advanced discussions with two potential tenants totaling 4...

P3 hands over new warehouse at P3 Bucharest park to E van Wijk

Pan-European logistics property investor-developer P3 announced the handover of a new warehouse at P3 Bucharest to customer E van Wijk. The 13,900 sqm logistics facility is a class A building an...

Conadi sold two-thirds of the first phase of Arcadia Apartments Domenii residential project

Conadi real estate consultancy company announced it has sold two-thirds of the first phase of the Arcadia Apartments Domenii residential complex, just two and a half months after the beginning o...

CTP starts CSR project for the workforce market nearby Bucharest

CTP is starting a social responsibility program that aims to facilitate a series of meetings between high school students and representatives of important companies that are tenants in the parks...

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...

More on News
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...

Minister Negrescu: Romania is profoundly pro-European, we will be even more significant after Brexit completion

Minister Delegate for European Affairs Victor Negrescu said on Thursday that Romania is a profoundly pro-European state and will become more significant after the Brexit process is completed.

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.

Former PM Ciolos: We cannot risk Romania's future

Former Prime Minister Dacian Ciolos was present Sunday evening at the protest in Bucharest, on which occasion he argued that he considered joining the manifestations because "a limit is being re...

Iohannis: A significant delay in tax measures would be required

President Klaus Iohannis said that a significant delay in the amendments to the tax legislation would be required, adding that the January 1, 2018 deadline for their application is inopportune....

PM Tudose reaffirms commitment to unconditional partnership with Romanian Army

The government of Romania has always been and will stay an unconditional partner to the Romanian Army, Premier Mihai Tudose said in a message on the National Army Day.

Dragnea: Amendments to the tax code, code of tax procedure to pass under government ordinance

Amendments to the tax code and the code of tax procedure will pass under a government ordinance and will be unveiled after the government meeting, national leader of the Social Democratic Party ...

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...

Iohannis: Romania has made progress with equal opportunities, needs to speed up gap bridging

Romania's President Klaus Iohannis said that although important progress has been made in Romania in terms of gender equality, the country needs to speed up bridging the gaps.

EBRD and European Union launch programme to help businesses from south-eastern Europe obtain advice

The European Investment Advisory Hub, the EBRD and the European Union launched today, in Bucharest, a new programme committed to helping small and medium-sized enterprises (SMEs) obtain advice f...

The economy is growing, investor confidence is deteriorating, says FIC

The Foreign Investors Council (FIC) publishes twice a year the results of the Business sentiment index survey conducted among its members.

DB: 77 per cent of Romanian IT specialists living abroad consider a return to the country

A study released by DB Global Technology shows that 77 per cent of Romanian IT specialists living abroad consider a return to the country.

Porsche Romania posts 13 per cent increase in sales for all Volkswagen group brands in the first nine months of 2017

Porsche Romania, the largest automotive importer in Romania, closes the first nine months with a 13% increase in sales for all Volkswagen group brands, compared to the same period of last year....

AmCham Romania: "The fiscal policy must be integrated into a medium and long-term vision for Romania"

AmCham Romania expresses its concern regarding the impact the recently announced fiscal policy measures, both in terms of the increasing costs these are generating for taxpayers and in terms of ...

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Editorial
Principles Governing Foreign Investments in Romania

The legal regime of foreign investments in Romania is governed by the principle of equal treatment, which means that, subject to the principle of most-favoured-nation treatment, the same legal framework, princi...

Daily Info
Transelectrica inaugurated the Campia Turzii station, fully refurbished with 9 million Euro
Transelectrica inaugurated the 220/110/20 kV Campia Turzii (Cluj County) electricity station, after an investment of about 42 million RON (9 million Euro).

CTP starts CSR project for the workforce market nearby Bucharest
CTP is starting a social responsibility program that aims to facilitate a series of meetings between high school students and representatives of important companies that are tenants in the parks owned by CTP ne...

Enel and Traian Vuia International Airport in Timisoara launch the first EV charging station in a Romanian airport
Enel Energie and the Traian Vuia Airport in Timisoara inaugurated the first electric vehicle charging station in an airport in Romania, in order to encourage electric mobility and a lower carbon footprint of th...

OTP Bank Romania posted a profit of 6.8 million Euro in the first nine months of 2017
OTP Bank Romania registered an after-tax profit of 6.8 million Euro, in the first nine months of the year, decreasing by three per cent year over year. The bank returned to profit in the third quarter, with fou...

Impact launches Luxuria Domenii Residence with 630 apartments in Bucharest
Impact has launched Luxuria Domenii Residence, a residential project comprising 630 apartments in the north of Bucharest.