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Office Market News

Forte Partners completes EUR 19.5 million office building in Bucharest

Developer Forte Partners has completed an office building with a market value estimated at EUR 19.5 million. The boutique office building is located in the center of Bucharest, within walking distance of the Stefan cel Mare metro station.

EC expects Romanian economy to post 5.2 pct of GDP growth in 2016

The European Commission has revised the estimations regarding the Romanian economy increase by a percentage point, to 5.2 percent, the increase slowing down to 3.9 percent in 2017 and it will reach 3.6 percent in 2018, according to the autumn economic forecast published on Wednesday.

Northern Bucharest hosts much more than half of the new offices to be delivered by the end of the year

Modern office space on the local market has increased almost four times in the last ten years and the number of office buildings in construction is higher than ever.

Colliers International appoints Mihai Patrulescu as head of research department

The real estate consultancy company Colliers International recruited Mihai Patrulescu as head of Strategic Analysis, in order to lead the research department. Patrulescu has five years’ worth if experience in economic research in the banking system, formerly occupying the position of senior economist at UniCredit Bank.

Roeng rents floor in Ștefan cel Mare Office Building in Bucharest

Professional services company Roeng Transmission Engineering & Consulting relocates to the fourth floor in Ștefan cel Mare Office Building, developed by Forte Partners, in a new office space on 865 sq.m, a rent transaction brokered by ESOP Consulting.

Average net wage in Romania, up 14% in September compared to last year

The average net wage in Romania reached RON 2,094 (EUR 465) in September, up 0.9% compared to the previous month. Compared to September 2015, the net average wage went up by 14.2%.

Romania’s Finance Ministry introduces new amendments to the fiscal code

Employees who receive shares in the companies they work for as extra benefits will no longer pay social contributions when they sell these shares, reports local Ziarul Financiar.

Mega Image reaches 500 stores in Romania

Supermarket chain Mega Image, part of Belgian-Dutch group Ahold Delhaize, has reached a network of 500 stores in Romania.
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