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Office Market News

Romanian economy forecasted to grow by 4.8 percent in 2016

According to forecasts, the Romanian economy will grow by4.8 percent in 2016. Romanian PM Dacian Ciolos is presenting to the Parliament the outlook of the Romanian economy at the request of Social Democratic Party (PSD)chair Liviu Dragnea, business-review.eu reports.

Romania records fourth production in construction work in EU in July

In July 2016 Romania recorded the fourth year-on-year increase of construction work in the European Union. Overall, in July 2016, seasonally adjusted production in the construction sector increased by 1.8 percent in the euro area (EA19) and by 1.1 percent in the EU28, data released by the Eurostat shows.

Made in Romania - An event dedicated to Romanian products

Connect Events organizes in Bucharest on 28 October 2016 the conference "Made in Romania". The event will bring together 100 participants and aims to create a space for free debate for producers, traders and public authorities. With the help of its guests, the conference will make a scan of the local business environment, identify opportunities and risks in the market and will present the success stories of the great Romanian business.

Liviu Tudor to build swimming pool in West Gate office complex, also considering a kindergarden

Liviu Tudor, the Romanian entrepreneur controlling the business parks West Gate (Militari) and Novo Park (Pipera) through its company Genesis Development, started a series of investments in the office project in the Western Bucharest, including an outdoor swimming pool.

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).

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Alexandra Filip

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