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Office Market News

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.

Enea Software Romania opens R&D center in Craiova

Software company Enea Software Romania will open a new research and development center in Craiova, and wants to recruit 30 software engineers by the end of this year.

Second section of Eroilor-Piata Iancului metro line might be finished until 2021

The second section of the fifth metro line Eroilor-Piata Iancului might be finished until 2021, taking into account that the tender procedure will start up to the beginning of November, said on Sunday the minister of transports, Sorin Buse.

Romanian residential developer to build 4,000 apartments in 5 years

Impact Developer&Contractor, the first Romanian private residential developer founded in 1991, plans to start four new residential projects in the next five years and build at least 4,000 apartments in Bucharest, according to the company’s representatives, cited by local News.ro.

Bucharest Stock Exchange: Romania on the list of countries with substantial potential to be an emerging market

Romania was officially included in the Watchlist of countries that show a substantial potential to be an emerging market, according to the FTSE Russell decision, published on Thursday, the Bucharest Stock Exchange (BVB) informs.

French DIY retailer Leroy Merlin to accelerate expansion in Romania

French group Leroy Merlin, one of the biggest retailers specialized in construction materials and home decorations in Europe, will continue its expansion in Romania by opening new stores and by developing an online sales channel.

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