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Office Market News

Microchip Technology expands with 1,000 sq. m its lease in AFI Park 1

Microchip Technology Romania expanded its office in Bucharest with 1,000 sq.m, by leasing an upper floor in AFI Park 1 office building, where nearly 100 new employees will work.

Hourly labor cost 12% up in Romania in the second quarter

The hourly labor cost in Romania has increased by 12% in the second quarter of the year compared to the same period last year.

TPA Romania to open a new office in Cluj-Napoca

Starting September, the TPA Group will be expanding its operations in Romania by opening a new office in Cluj-Napoca city. By integrating the Cluj-based firm, now rebranded as TPA Transilvania, the professional services firm is broadening its national reach by adding a regional office and 22 professionals to its team. Sorana Cernea, founding partner of IAS Expert, will be the partner in charge of the TPA Transilvania office.

Ambassador: US companies interested to invest in Romania

Big US companies, active in several sectors, including IT and energy, are interested to invest in Romania, according to George Maior, Romania’s ambassador to Washington.

Owners want to sell Stirbey Palace near Bucharest for EUR 20 mln

The Stirbey Palace and the 24-ha surrounding park, located in Buftea, in northern Bucharest, have been put up for sale. The selling price is EUR 20 million, according to market sources cited by local Profit.ro.

A start-up in Romania needs 12,500 dollars, more than in Poland, Bulgaria or Hungary

In Romania, an entrepreneur needs an average of nearly 12,500 dollars in order to start a business, more than in Poland, Sweden, Bulgaria, Croatia or Hungary, but less than in Germany, Italy or Norway, shows the Global Entrepreneurship Monitor (GEM), which considered 60 countries for the report.

Fondul Proprietatea’s Konieczny: Romania, the most attractive border market in Eastern Europe

Romania is the most attractive border market in Eastern Europe, because it offers assessment “bargains”, high-yield shares and good perspectives for IPOs of state-owned, but also private companies, Greg Konieczny, manager of Fondul Proprietatea investment fund, said.

Average companies rented with 14 pct more offices compared to last year

In H1 2016, the segment of office transaction with areas up to 1,000 sq. m was relatively constant, while the segment of offices for average companies, with areas between 1,000 and 3,000 sqm has increased with 14 pct.

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Adina Camara

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