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2019-08-23  11:35
CIJ Romania
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Research

Romanian real estate deals could exceed €1bn...

The transaction volume on the Romanian real estate market is on track to exceed €1bn by the end of this year, according to a new report published by CBRE. The consultancy points out that investments made during the first half of 2019 amounted to €340m, and the trend is likely to continue. “We expect the signing of some large transactions in the second part of the year, which are now i...
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2019-08-23  10:33
CIJ Serbia
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Project News

New industrial park to be built near Belgrade

An anonymous investor is planning to build a new industrial park in Stara Pazova near Belgrade. Construction is set to begin at the end of 2019 by what's believed to be pan-European developer. Stara Pazova, which has been creating conditions conducive to just this type of investment, has four industrial zones covering roughly 1,500 ha. This includes the passage of a new spatial p...
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2019-08-23  10:33
CIJEurope.com
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Company News

Prologis developing two BTS buildings in...

Prologis has started construction on a pair of build-to-suit warehouses with a total of 40,000 sqm in Prologis Park Wrocław IV in Kąty Wrocławskie. One is a 20,300 sqm building for Jotul Polska, a new subsidiary of Norwegian stove and fireplace producer Jøtul. Completion of Jøtul's building, made possible by a transaction facilitated by CBRE, is scheduled for the end of the year....
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2019-08-23  10:32
CIJEurope.com
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Company News

Škoda Auto opens high-tech, €214m paint shop...

Škoda Auto opened a new paint shop at its main plant in Mladá Boleslav where it will coat up to 168,000 car bodies per year. That €214.5m investment, which will create 650 new jobs, brings the plant’s total annual painting capacity up to 812,000 vehicles. That being said, the car manufacturers admitted that 66 robots are taking over numerous production steps. All of the data from the ...
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2019-08-23  10:31
CIJEurope.com
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Politics

Transport Ministry gives up on fines for...

The Ministry of Transport has dropped plans to allow the state to charge fines for those who block the planning process for new roads, railways and infrastructure. The ministry has been working on on a bill that would speed the planning process for key transport investments, but it's given up on the idea of charging opponents of planning permits a fee of tens of thousands of crow...
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2019-08-23  10:31
CIJEurope.com
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Company News

Panattoni building forklift factory for...

Panattoni Europe will develop a BTS facility for Linde in Kołbaskowo near Szczecin. The provider of intralogistics solutions will use its new production and warehouse hall to make forklifts. The facility will be built on an 18 ha site and will offer 44,000 sqm. Construction is scheduled to begin this year. The cost of the investment is €60m. “In the project for Linde, Panattoni Europe...
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2019-08-23  10:28
CIJ Serbia
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Company News

Huawei to open regional center in Belgrade

The Chinese company Huawei continues with its plans to open a regional center in Belgrade for the Western Balkans region. The innovation center, which will focus on digital transformation technology, is part of a growing bilateral cooperation between Serbia and China within its “The Belt and Road” Initiative. The Serbian Ministry of Finance revealed that Huawei and Serbia will coopera...
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2019-08-23  10:20
CIJ Serbia
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Construction

BiH apartment prices fall 2% in Q2

A total of 633 apartments were sold in the second quarter of 2019 in Bosnia and Herzegovina with a total usable area of 35,078 square meters. That was an increase in square meters of 25.9 percent from Q2 2018, according to the Agency for Statistics of Bosnia and Herzegovina. Meanwhile, the average price for new apartments fell 2 percent to €803/sqm. In the first six months this year,...
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2019-08-23  10:14
CIJ Serbia
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Research

90% new flats are for rent in Podgorica

More than 90 percent of the owners of apartments bought in the city of Podgorica rent their real estate rather than living in it. This has helped drive up prices by 18 percent since the beginning of the year, according to the Montenegrin stats agency Monstat. Local real estate agencies report that prices are rising the highest in the capital city but also in the country's coastal...
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2019-08-23  10:01
CIJ Serbia
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Economy

Moldova's public debt reaches €2.7bn in...

The public debt of Moldova has risen 2.1 percent since the beginning of the year to €2.7bn, according the country's Ministry of Finance. The domestic public debt component of the figure rose 0.8 percent over that time, while its share of the public debt fell from 44.3 percent to 43.8 percent. The external debt portion grew 3.2 percent. Taken as a percentage of GDP, public debt fe...
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