DTZ, part of UGL Services, a division of UGL Limited (ASX: UGL), today released its latest European Investment Market Update. The report showed fourth quarter 2011 commercial real estate investment activity totalled €31.4bn in Q4 2011, a 17% increase on Q3 2011. This led annual volumes in 2011 to €110bn, an increase of 7% on 2010.

Intense competition for capital in the market may cause major problems for businesses when they try and renew their debt financing this year. $2 trillion* of loans need to be rolled over globally, with $250bn of investment grade funds needing to be refinanced across the EMEA region in 2012**, PwC comments.

The Supervisory Board of Banca Comerciala Romana (BCR) took several decisions regarding the structure of BCR's Management Board (Executive Committee).

When out shopping these days, consumers are ever more likely to turn to their personal computers (PCs), smartphones and tablet PCs to find gifts, check recommendations, compare prices, access online coupons, and ultimately pay for their purchases, according to the results from KPMG International's 5th Annual Consumers and Convergence Survey.

According to PwC's new annual Gold Price Report, 80% of mining companies expect the price of gold to continue to increase this year, with the majority of respondents expecting gold to peak at USD 2,000 per ounce in 2012.

Epstein Architecture & Engineering has recently started the Construction phase of the new finished goods warehouse for Star Foods. Epstein is providing full architecture, engineering and construction project management services for the development of the new finished goods warehouse expansion. The facility will be delivered by mid 2012 and is located in Popesti Leordeni, on the southern outskirts of Bucharest.

Conference by Baker Tilly Klitou in Bucharest, RomaniaBaker Tilly Klitou and Partners organised the Tax Conference “Tax Challenges for Multinational Companies” on 25 November 2011 at the Marriott Hotel in Bucharest.  The event was under the auspices of the Romania – Cyprus Bilateral Chamber of Commerce and Industry.