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Office Market News

Romania posts highest EU y/y increase of hourly labor costs in Q2

While the hourly labor costs in the euro and the EU28 rose by 1 percent and 1.4 percent respectively in the second quarter of this year, compared to the same period of last year, in Romania the costs rose by 12 percent, according to Eurostat, the statistics office of the European Union.

Foreign investors: Romania can become 10th economy in the EU in 20 years

Romania has the potential to increase its economy four times in the next 20 years and become one of the top 10 economies of the European Union, according to the Foreign Investors Council (FIC), an organization that represents some 125 multi-national companies with EUR 35 billion investments in the country.

Bucharest’s main railway station Gara de Nord could include speed trains, mall and office buildings

The architects of the Urbanism Excellence Centre „Ion Mincu“ (CEP) have presented to Romanian authorities a project of reconversion of Gara de Nord railway station to a Eurorailway station featuring speed trains, mall and office buildings with a market value of nearly EUR 2.4 billion. The project could be completed in minimum ten years.

FDI to Romania up by 19 pct on seven months to EUR 2.34 bln

The foreign companies made direct investments in Romania valued at EUR 2.34 billion in the first seven months of this year, a growth of 18.6 percent compared with the same period of the last year, according to the data of the National Bank of Romania (BNR).

Conference centre with EUR 5 million investment in Timişoara

Businessman Marius Cristescu, who controls together with his brother, Emil Cristescu, the company Bega Turism, the largest tourism company in Timiş county, says to start next year the construction of a conference centre in Timişoara, an investment exceeding EUR 5 million.

S IMMO AG starts construction of THE MARK office project in Bucharest

Austrian real estate developer S IMMO AG has started the constructions of THE MARK office building in Bucharest, planning to finish it in the second quarter of 2018.

Mars Romania rents offices in S-Park building, developed by Immofinanz

Mars Romania, importer of brands such as Snickers or Twix, opens a new office in the office building S-Park on Tipografilor St. in Bucharest, developed by the Austrian company Immofinanz, according to data published in the Romanian official gazette Monitorul Oficial.

NEPI leaves London Stock Exchange

New Europe Property Investments (NEPI) has announced its intention to delist from the AIM market of the London Stock Exchange.

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Adina Camara

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