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Office Market News

Romanian CEOs are among the most optimistic business leaders worldwide

Unlike 2016, the CEOs’ confidence in their companies’ own one-year revenue growth is on the rise in nearly every major country across the world. Some 71% of the CEOs in India, 57% of those in Brazil, and 52% of those in Romania (up from 50% in 2016) believe that their businesses will grow in the next year according to a survey carried out by consultancy company PwC.

Romanian healthcare operator MedLife opens new clinic in Brasov

Romanian healthcare operator MedLife, which is the leader in the Romanian private healthcare sector, will open a new clinic and a test lab in Brasov.

Consultant: investment fund cancelled Romania plans over recent events

The recent events taking place in the country are determining investors that were looking to set up a presence in Romania to postpone their decision or look at other markets until they see more stability here, according to financial consultancy firm Coface officials, quoted by local news agency Agerpres.

DTZ Echinox: almost half the modern retail surface in Bucharest, concentrated in Sectors 3,6

Almost half the modern retail surface in Bucharest is found in Sectors 3 and 6, a study by DTZ Echinox shows. The stock of modern retail in Bucharest totaled last year 1.225 million sqm, after developers completed two new commercial centers with a total GLA of around 100,000 sqm.

Immochan considers acquiring three plots for malls in Romania

French real estate developer Immochan ponders acquiring three pieces of land to build new shopping centers on the local market, and the investments could amount to EUR 300 million, reports local Economica.ro.

Romanian Trade Registry cuts several taxes and tariffs for firms, sole traders and individual enterprises

The National Trade Registry Office (ONRC) eliminates starting February several taxes and tariffs for firms, sole traders PFA and individual enterprises as part of the bill scrapping 102 taxes, according to a release if the institution.

Forte Partners conducted last year real estate projects with a market value of EUR 100 million

Real estate developer Forte Partners conducted in 2016 two office projects with a total market value of EUR 100 million: Ștefan cel Mare, boutique building situated in downtown Bucharest (EUR 19.5 million) and The Bridge, business park situated in the area of Basarab passage (EUR 80.5 million).

Unemployment rate reaches lowest level after 2008 in Romania

The number of unemployed people in Romania significantly dropped in December last year, by 14,444 compared to the previous month, reaching 506,758. It is a new minimum level after the onset of the economic crisis in 2008.

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