US real estate investor Rockefeller Group International has bought the 75 percent stake in Europa Capital, an investment fund manager which has properties in Romania. The company manages Europa Emerging Europe Fund, which focuses on Romania, Bulgaria, Ukraine, Croatia and Serbia. The fund has properties in Bucharest, Timisoara and Cluj Napoca.

The famous 'Ox Cart' painting by Romanian painter Nicolae Grigorescu, which was auctioned for EUR 155,000 last week in Bucharest, is among the most expensive art works sold in Romania so far. The painting's value was estimated between EUR 150,000 and EUR 250,000. The painting was sold at Artmark's auction last week and the buyer was Romanian investor Mircea Cristian Vescan, the owner of Armax Gaz Medias, according to Romanian media.

Romanian businessman Sorin Ovidiu Vantu is the third local media owner who has been detained for 24 hours, after Dinu Patriciu, the current owner of Adevarul Holding, and Dan Diaconescu, owner of OTV Tv station.

The Dobrogea Water administration is offering for lease several lakes in Constanta, as well as water surfaces on the Danube and on the Black Sea. Winners of the bid will be able to build wind farms there or organize water shows. Techirghiol, Tabacarie and Mangalia are among the lakes up for bid. Based on demand, water areas on the Danube and on the Black Sea could also be rented out.

Asking rents for retail spaces in Bucharest went down in the last two years by as much as 50 percent and even more in some area of the capital city, according to a recent report issued by More Real Estate Services.

Synergy Group, owned by expats Savas Gunata and Huseyin Karali, has expanded to Libya, where it has recently opened an office and where it currently tenders for large state projects. The expansion is part of the group's strategy to add new countries to its geographical coverage.

The quarrel between foreign investors and local authorities about wind energy projects in Dobrogea went on from a site clash this summer to a battle of official declarations. Two of the foreign investors which have started projects in the Cogealac area, CEZ and Eolica, both underline the risks of blocking investments in the area. Their takes on this however differ.

Several Greek real estate investors plan to build an amusement park on a 30-hectare plot in Chiajna near the A1 highway, across the street from Carrefour Militari, with the first phase of the project expected to be finalized next year, romania-insider.com has learned.

US company Energiz Renewable has started a joint venture with Canadian company World Renewable Energy Group's local subsidiary (WREG) for several projects in Romania, pending on receiving government grants and finding private financing, romania-insider.com has learned. The company wants to built two solar panels factories in Romania, an investment of USD 64 million, according to Edward T. Whelan, head of Energiz Renewable, quoted by Romanian media.

Romania ranks 39th in the top of 100 countries in the world published by US magazine Newsweek. The ranking takes into account education, health, quality of life, economic dynamism, and political environments in 100 countries in the world. Romania came one place behind Bulgaria and also behind most of the Eastern European countries.

US real estate investor Rockefeller Group International has bought the 75 percent stake in Europa Capital, an investment fund manager which has properties in Romania. The company manages Europa Emerging Europe Fund, which focuses on Romania, Bulgaria, Ukraine, Croatia and Serbia. The fund has properties in Bucharest, Timisoara and Cluj Napoca.

The famous 'Ox Cart' painting by Romanian painter Nicolae Grigorescu, which was auctioned for EUR 155,000 last week in Bucharest, is among the most expensive art works sold in Romania so far. The painting's value was estimated between EUR 150,000 and EUR 250,000. The painting was sold at Artmark's auction last week and the buyer was Romanian investor Mircea Cristian Vescan, the owner of Armax Gaz Medias, according to Romanian media.

Romanian businessman Sorin Ovidiu Vantu is the third local media owner who has been detained for 24 hours, after Dinu Patriciu, the current owner of Adevarul Holding, and Dan Diaconescu, owner of OTV Tv station.

The Dobrogea Water administration is offering for lease several lakes in Constanta, as well as water surfaces on the Danube and on the Black Sea. Winners of the bid will be able to build wind farms there or organize water shows. Techirghiol, Tabacarie and Mangalia are among the lakes up for bid. Based on demand, water areas on the Danube and on the Black Sea could also be rented out.

Asking rents for retail spaces in Bucharest went down in the last two years by as much as 50 percent and even more in some area of the capital city, according to a recent report issued by More Real Estate Services.

Synergy Group, owned by expats Savas Gunata and Huseyin Karali, has expanded to Libya, where it has recently opened an office and where it currently tenders for large state projects. The expansion is part of the group's strategy to add new countries to its geographical coverage.

The quarrel between foreign investors and local authorities about wind energy projects in Dobrogea went on from a site clash this summer to a battle of official declarations. Two of the foreign investors which have started projects in the Cogealac area, CEZ and Eolica, both underline the risks of blocking investments in the area. Their takes on this however differ.

Several Greek real estate investors plan to build an amusement park on a 30-hectare plot in Chiajna near the A1 highway, across the street from Carrefour Militari, with the first phase of the project expected to be finalized next year, romania-insider.com has learned.

US company Energiz Renewable has started a joint venture with Canadian company World Renewable Energy Group's local subsidiary (WREG) for several projects in Romania, pending on receiving government grants and finding private financing, romania-insider.com has learned. The company wants to built two solar panels factories in Romania, an investment of USD 64 million, according to Edward T. Whelan, head of Energiz Renewable, quoted by Romanian media.

Romania ranks 39th in the top of 100 countries in the world published by US magazine Newsweek. The ranking takes into account education, health, quality of life, economic dynamism, and political environments in 100 countries in the world. Romania came one place behind Bulgaria and also behind most of the Eastern European countries.