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Office Market News

Creation of firms with foreign capital in Romania hits 18-year low in 2016

Romania registered in 2016 the smaller number of new firms with foreign capital out of the last 18 years, according to the National Trade Registry Office (ONRC).

Impact Developer & Contractor posts operational revenues of RON 152 million in 2016

Impact Developer & Contractor SA posted operational revenues of over RON 152 million in 2016, up by 30 percent year-on-year, and an operational profit of RON 25.5 percent, up by 270 percent year-on-year.

Number of employees in Bucharest office market to reach 260,000 this year, says DTZ

The number of employees working in A and B office buildings in Bucharest reached 233,000 at the end of 2016, 30,000 more than in 2015, recording the highest level in past three years, according to DTZ.

Land market dominated by demand for residential and mixed projects

Romanian land market in 2016 was characterized by an increased demand from the residential and retail projects, according to a report by Colliers International.

JLL appoints Alina Cojocaru as head of valuation department

Alina Cojocaru was appointed head of valuation department at JLL Romania, starting February 15, a press release shows. She will be responsible for the extension of JLL valuation portfolio by providing medium and long term solutions for the development of this department of the company.

A new company in automotive field to open office in Timisoara, Romania

A software developer working for a German automotive manufacturer is analyzing the opportunity to open its first office in Romania in Timişoara, where it could hire 300 IT specialists, have declared for Capital magazine sources in the real estate market of the city.

Romanian investor Iulian Dascalu starts working on the tallest building in Romania

Romanian real estate developer Iulius group, controlled by local investor Iulian Dascalu, will start working on three new buildings within the Openville Timisoara mixed real estate project this spring.

Greek investor invests EUR 6 mln in Bucharest residential complex

Greek investor Evangelos Poulios, the co-owner of the fashion retailer BSB, will invest EUR 6 million this year in completing the residential complex Belize Residence (the former Cernica Residence), located in Eastern Bucharest.

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