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2019-04-17  10:13
CIJ Serbia
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Project News

EIB to provide €22m for local development in...

The Serbian government and the European Investment Bank have signed a contract for a €22m loan. The funds will be used for infrastructure projects in less-developed regions of the country. The contract signed Serbian Minister of Finance Sinisa Mali and Mateo Rivelini EIB. The value of the projects the loan is targeting, projects aimed to promote local development, is €30m, with donors...
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2019-04-17  10:06
CIJ Serbia
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Research

Hungarian property investments rise 4% in 2018

The volume of commercial real estate investments completed in Hungary last year rose 4 percent to €1.82bn, according to the MTI news wire. It cites a report by the Hungarian National Bank, which wrote that industrial investments made up 6 percent of the total, while hotel investments accounted for an additional 5 percent. The remainder of deal were for office assets (48 percent) and r...
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2019-04-17  10:00
CIJ Serbia
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Company News

CPI nears completion of addition to Airport...

The CPI Property Group will complete another warehouse building in Airport City Logistic Park in Vecses on the edge of Budapest. The 13,000 sqm structure will be completed with 4,000 sqm already leased. In all, 95 percent of the existing park has been leased. The newest building will increase the park's size to 55,000 sqm of office and warehouse space. Construction began last sum...
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2019-04-17  09:57
CIJ Serbia
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Company News

Starbucks opens first Belgrade restaurant

Starbucks has opened its first store in Serbia, as the Polish F&B operator that controls the brand, AmRest Holdings made the logical choice of Belgrade for its debut. The restaurant is located at Rajiceva Shopping Mall in the city center, offering a total of 104 seats (including 41 on an outdoor terrace) in the 175 sqm restaurant. Serbia of the former Yugoslavia nations to see the...
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2019-04-17  09:56
CIJEurope.com
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Politics

Bratislava set to increase parking prices

The price of parking looks set to rise in the Slovak capital, as the city tries to take control of its streets. A yearly payment of 49 percent will only allow drivers free parking in certain parts of the city, but the hourly rate in other parts is set to increase. In some cases, that increase could be substantial. At the moment, for example, it costs €1.20 per hour in the city's ...
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2019-04-17  09:55
CIJEurope.com
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Research

One-third of Czechs got richer in 2018

Nearly a third of Czech households saw their financial wealth grow last year, a study published by GfK reveals. The market researcher’s director, Tomáš Drtina, told journalists at a press conference that this was the largest wealth increase since the study began to be conducted more than twenty years ago. Households expect their income to continue growing in 2019 as well. GfK, which s...
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2019-04-17  09:55
CIJEurope.com
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Company News

Penta profits hit record €288m

Penta Investments saw its profits rise by 22 percent last year to a record €288m, with revenues rising 10 percent to €7.5bn. THe group's primary profit leaders were its property division, Penta Real Estate and its pharmacy chain Dr. Max. "Thanks to the healthy profitability of our strategic companies and the trust of banks we were able to invest more than CZK 20bn into our ...
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2019-04-17  09:51
CIJ Serbia
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Project News

Zain Park complex to be build in Podgorica

Zain Property Development, an Oman based investors, will being construction on a new residential complex in Podgorica. Zain Park is a €6m project that will be located on the site of a former military complex in Zagoric. Green areas and playgrounds will surround the complex, which was designed by the Podgorica-based studio Synthesis Design Architecture. Zain Property Development was se...
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2019-04-17  09:45
CIJEurope.com
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Politics

Prague support of cooperative flats could...

Prague is planning to support the construction of cooperative flats through the creation of a city development company in order to help citizens with rapidly rising prices and the decrease in supply of new stock. The city's support by providing the land for construction while the cooperative itself would take out the necessary loans. The Institute for Planning and Development (IP...
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2019-04-17  09:37
CIJEurope.com
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Company News

Construction starts on Panattoni Park Opole

Panattoni Europe is planning to start development of Panattoni Park Opole in the Silesian region. The 48,6000 sqm project will target multiple tenants, rather than a single, large user. Work is expected to get underway by the second quarter of 2019. Panattoni Park Opole is not the company’s first project in Silesia, as it was also involved in Polaris Industries factory in Opole, opera...
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