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By On January 27, 2018

Romania Protests EU Volt

photo - Members of the Volt European Youth movement hold stars that read "This is Europe - Europe is Here" in the languages of the member states while joining Romanian protesters in Bucharest, Romania, Saturday, Jan. 27, 2018. Dozens of members of the pan-European Volt youth movement took part briefly in a protest by Romanians against government planned modifications to justice laws, that they say will weaken the fight against high level corruption.(AP Photo/Vadim Ghirda)
Members of the Volt European Youth movement hold stars that read "This is Europe - Europe is Here" in the languages of the member states while joining Romanian protesters in Bucharest, Romania, Saturday, Jan. 27, 2018. Dozens of members of the pan-European Volt youth movement took part briefly in a protest by Romanians against governme nt planned modifications to justice laws, that they say will weaken the fight against high level corruption.(AP Photo/Vadim Ghirda)
View Gallery View Comments Members of the Volt European Youth movement hold stars that read "This is Europe - Europe is Here" in the languages of the member states while joining Romanian protesters in Bucharest, Romania, Saturday, Jan. 27, 2018. Dozens of members of the pan-European Volt youth movement took part briefly in a protest by Romanians against government planned modifications to justice laws, that they say will weaken the fight against high level corruption.(AP Photo/Vadim Ghirda)Source: Google News Romania | Netizen 24 Romania

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By On January 27, 2018

The new Harry and Meghan? Meet the British 'Geordie prince' who's next in line to Romania's throne

When the last King of Romania died in December, any dreams for the restoration of the monarchy could have gone with him.

King Michael I, a distant cousin of our Queen, was a 96-year-old national hero who toppled the fascist dictator Ion Antonescu in 1944, only to be deposed himself by Communists three years later. He spent his life in exile in Switzerland and England, and was only allowed to return to Romania in 1990 after the fall of Ceausescu, though the royal family has never been restored to its role as head of state.

At his funeral, however, where mourners included Prince Charles, a new figure of hope emerged. All eyes were on Nicholas Medforth-Mills, a 32-year-old British public-schoolboy who grew up in County Durham and was educated at Shiplake College, outside Henley-on-Thames.

The only son of Princess Elena, the second o f King Michael’s five daughters, Medforth-Mills is his eldest...

Source: Google News Romania | Netizen 24 Romania

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By On January 26, 2018

Ex-CEO of Ukrspirt detained in Romania "gang leader" plotting assassination of interior minister - PGO

Ex-CEO of Ukrspirt detained in Romania "gang leader" plotting assassination of interior minister - PGO

It is noted that the gang members are also suspected of murdering an advisor to the company chief and of several assassination attempts.

ukrspirt.comukrspirt.com

Mykhailo Labutin, former CEO of Ukraine’s major alcohol producer Ukrspirt, was detained in Romania while Ukraine’s Prosecutor General’s Office (PGO) suspects him of a premeditated murder and several attempts, including on Interior Minister Arsen Avakov.

On December 19, 2017 "more than 60 searches were conducted simultaneously across Ukraine and six active members of the criminal organization, including the leader of the criminal group, former director of the sta te-owned Ukrspirt, were detained, according to aPGO press secretary Larysa Sargan.

Read alsoUkraine's state alcohol distillery to export vodka to Germany"The investigation established that the members of the criminal organization committed a number of serious and particularly serious crimes in Kyiv, including: the premeditated murder on May 30, 2017, of an adviser to the director of SE Ukrspirt, attempted murder of a deputy head of SE Ukrspirt on March 29, attempted murder on May 01, 2017, of the president of one of the sports federations, using an land mine, attempted murder of a private entrepreneur on June 23, 2017, using an improvised explosive device,” reads the statement.

Read alsoSuspect of Kyiv lawyer murder arrested for two months without bailBesides, it was established that the gang members “plotted to commit premeditated murders of other persons, including Minister of Internal Affairs of Ukraine Avakov," Sargan said.

As reported earlie r, on Thursday, January 25, ex-CEO of SE Ukrspirt Mykhailo Labutin was detained in Romania.

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Source: Google News Romania | Netizen 24 Romania

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By On January 26, 2018

Real estate investments in Romania reach EUR 1 bln in 2017

Investments in Romanian commercial real estate properties reached about EUR 1 billion in 2017, up 10% compared to the previous year (EUR 890 million), according to an analysis by real estate consultancy firm JLL.

Romania accounted for 8% of the total investment volume recorded in the CEE region, of almost EUR 13 billion.

The growth of the Romanian market exceeded the increase of the CEE volumes (plus 3.3% year-on-year), but local market is still under its potential, according to JLL. Poland and the Czech Republic were the busiest markets in the region in terms of transactions, with 39% respectively 27% of the total volume, followed by Hungary, with 14%.

In Romania, the number of transactions increased, with the average deal size standing at about USD 28.5 million. Bucharest accounted for some 36% of the total investment volume, less than in 2016, showing that liquidity in seco ndary cities has improved.

Market volumes were dominated by retail transactions (43%), while industrial, hotels and office accounted for over 22%, 18% and 17% respectively. A key transaction was the sale of the Radisson Hospitality Complex in Bucharest by Elbit Imaging.

“The Radisson transaction, on the background of a sluggish office investment market, has placed hotels ahead of offices in terms of liquidity in 2017 in Romania, which is unusual,” commented Andrei Vacaru, Associate Director, Capital Markets JLL Romania, who advised Elbit in the sale of the hotel.

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Source: Google News Romania | Netizen 24 Romania