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Office Market News

Samsung opens group service centre in Bucharest

The Romanian subsidiary of the South-Korean tech group Samsung opened a service center in Bucharest last year that will provide services to the group’s subsidiaries in 30 European countries.

JLL will manage the Swan Office Park in Bucharest

International advisory firm JLL is the new property and asset manager of Swan Office & Technology Park in northern Bucharest, owned by Romanian group Smartown Investments.

Number of newly set up companies with foreign capital dropped by 8.5 pct in first 11 months

The number of companies with foreign capital newly set up in the first 11 months of 2016 dropped by 8.6 pct as compared with the same period of last year, to 4,912 companies, read the data from the Romania’s National Trade Register Office (ONRC).

Office construction sites for 90,000 employees in Bucharest. Nine projects announced for 2017

More than 294,000 sq.m A class office spaces will be delivered in Bucharest in 2016, within 16 real estate projects, nearly half of the total spaces already delivered being in the northern area of Bucharest, according to CBRE.

Romanians pay fewer taxes starting January 1

Romanians will pay fewer taxes this year after a series of measures for loosening the tax policy became effective starting January 1. These include the VAT reduction, removal of the tax on special constructions, and removal of the extra excise duty on fuel.

Study: 2016 – best year for Romanian real estate market since 2008, with 1 million sqm delivered

Deliveries of retail, logistic and office spaces stood at 956,000 square meters this year, up by 88 percent compared to 2015, marking the best year for the Romanian real estate market since 2008, a study by DTZ Echinox shows.

Managers in Romania estimate declines in trade and construction until February

Romanian managers expect a moderate decrease in trade and a steep decline in construction between December and February, as well as a decrease in the number of employees in both sectors, according to data published on Wednesday by the National Statistics Institute (INS).

Dedeman bought two plots in Zalău from brick manufacturer Cemacon for EUR 1.9 million

Bricks manufacturer Cemacon announced the completion of the sale transaction involving two plots of lands in Zalău, purchased by the construction materials and DIY retailer Dedeman.

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