Oct 20, 2018

The majority of real estate consultants estimated that at the end of the year the value of transaction on the Romanian market would exceed EUR 1 billion, but until now, the numbers have not matched their predictions, says Business-Review.eu. According to the consultants, the year started out well with the sale of Militari Shopping Center in West Bucharest to the...

Oct 19, 2018

French group Saint-Gobain has reopened its glass wool factory in Ploiesti, two years after suspending its activity, during which it invested EUR 5 million in modernizing the production line, Ziarul Financiar reported. The glass wool production line will produce over 20,000 tons of this insulation material each year, which will be delivered on the local market...

Oct 18, 2018

American group Visteon, which specializes in producing vehicle cockpit electronics products and connected car solutions, will open a product development center in Timisoara, Western Romania, by the end of this year, according to Romania-Insider.com. The group plans to hire 400 employees by 2020, Ziarul Financiar reported. The group has made this decision due to...

Oct 17, 2018

Romania has failed to reach most of its targets for 2020, according to a European Commission report on education, qouted by Romania-Insider.com. The country is among last on most indicators surveyed by the Education and Training Monitoring published by the EC. The GDP allocations for education, although increasing in Romania, are still well below the EU...

Oct 17, 2018

Chamber music festival SoNoRo will take place this year between November 2 and November 20 in Bucharest, Timișoara, Cluj-Napoca, Brașov and Sibiu, according to Romania-Insider.com. Under the theme of ‘Side Effects’, the festival covers an eclectic mix of artistic events. The concerts will be held in some of the most beautiful concert halls in the...

Oct 16, 2018

The auction for 5G licenses, which Romania will organize in 2019, is an opportunity for new players to come to the local market, but they will require higher investments than existing players for such a move, the president of local telecom regulator ANCOM, Sorin Grindeanu, said at the ZF Digital Summit business conference, says Romania-Insider.com. He also...

Oct 16, 2018

Belgian industrial and logistics developer WDP buys the CTPark Cluj I logistics park from CTP Group, the largest developer and manager of Class A logistic and industrial spaces Romania, according to Business-Review.eu. The park is leased by the Profi retailer and was delivered last year. WDP and CTP are the most active developers of industrial and logistics...

Oct 16, 2018

According to the real estate consultancy company CBRE, 367,000 sqm are currently under construction on the retail market with delivery dates in 2018 and 2019. There are 19 of such retail projects, out of which 13 new and 6 extensions. In H1 2018, retail spaces totalling around 30,000 sqm were delivered in projects located in Bistrita, Focsani, Gheorghieni,...