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Office Market News

Diagnostic clinics network Affidea Romania invests EUR 1.8 mln in new center

Diagnostic clinics network Affidea Romania has invested EUR 1.8 million in a new PET/CT center in Timisoara.

Maltese group invests EUR 11 mln in Bucharest residential project

Real estate developer Zacaria Group will invest EUR 11 million in a residential complex in Bucharest.

Coresi Brasov Business Park completes first building in phase II

The developer of Coresi Brasov Business Park has announced the completion of the first building in Phase II through L1 building with an area of 8,300 square meters and aims to reach 100,000 sqm of A class office space in the following years. There are ongoing construction works on the second new building, N1, with 8,500 sqm, planned for delivery in the second quarter of 2017.

Romanian investor develops large residential complex in office area

Romanian investor Gabriel Popoviciu will begin the construction of a large residential complex in the Aviatiei-Barbu Vacarescu office area, in northern Bucharest.

Amazon opens its new development center in Iasi, will hire 400 people in three years

American e-commerce and technology group Amazon opened its new development and technology center in Iasi, Eastern Romania, on Thursday, October 6.

IMF: Romania to have highest economic growth in Europe in 2016 and 2017

The International Monetary Fund (IMF) revised upwards to 5 percent the estimations on the Romanian economy evolution this year, from 4.2 percent as forecast in April, according to the newest “World Economic Outlook,” which the IMF released on Tuesday.

Romania has 100,000 out of 600,000 outsourcing employees in the CEE

Romania hosts over 100,000 of the 600,000 employees in the outsourcing industry in Central and Eastern Europe, according to data released by the real estate consultancy Colliers International.

Number of insolvencies drops 20.65 percent in first eight months

A number of 5,455 companies entered insolvency in the first eight months of this year, decreasing by 20.65 percent compared to the same period of 2015, the National Trade Register Office (ONRC) data reveal.

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