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Office Market News

Oasis kicks off development of EUR 12 mln Prima Shops Oradea

Oasis Retail & Development Consulting, the Sibiu-based developer of commercial centers, has announced the construction of the Prima Shops Oradea project. The retail park will need a total investment of EUR 12 million.

20% of the SMEs in the South-East region reduced their activity over the last five years

Approximately 20% of the SMEs of the south-east region reduced their activity over the last five years announced on Thursday in Galati the chairman of the National Council of the Private Small and Medium Entreprises (CNIPMM) Florin Jianu on the occasion of the launching of the work ‘ The White Chart of SMEs of Romania 2016’ for the south-east region.

President Iohannis: Romanian economy experiencing robust growth

According to President Klaus Iohannis, the Romanian economy is experiencing a period of solid growth of 5.2 percent in Q1 2016, placing the country among the countries with the biggest economic growth in the EU. The president’s message was read by presidential advisor Cosmin Marinescu at the Romanian- Slovakian Economic Forum in Bucharest.

Premier Estate Management to handle residential sales on project developed by Ovidiu Sandor in Timisoara

Mulberry Development, the company led by Ovidiu Sandor, has closed a partnership with Premier Estate Management to sell apartments in the project developed near Timisoara. The project will have a surface of 5.3 hectars and has 1,200 planned apartments and 50,000 square meters of offices.

Private clinics follow corporatists in office buildings ground floor

Players on the private medical services market, estimated at EUR 600 million annually, are looking more and more interested at any new office project in order to expand their coverage, especially when the tenants also include companies which are their clients.

Romania’s construction sector heads towards a crisis similar to 2011-2013

Romania’s construction sector is heading towards a crisis similar to the one in 2011-2013 if banks continue to limit the individuals’ access to loans, according to a study by financial consultancy firm KeysFin.

Number of new companies with foreign capital, down 12% in Romania

The number of new companies with foreign capital that were set up in the first eight months of 2016 dropped by 12.2% compared to the same period last year, reaching 3,526, according to the Trade Registry’s Office (ONRC).

INS maintains Romania’s growth rate of 6 percent for Q2

The National Institute of Statistics (INS) has revised on Friday the growth of Romania’s GDP in the second quarter of this year compared with the initial data published a month ago, but maintained the growth rate of 6 percent for this period compared with the same period of the last year.

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