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Office Market News

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.

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.

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