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Office Market News

Multinational groups in Romania to be impacted by changes in controlled foreign corporation legislation, says EY

Following the adoption of a new Directive that aims to block the avoidance of taxes inside the European Union, on July 12, multinational groups which are also present in Romania might have to redesign their holdings’ chain, according to professional services firm EY.

Erste Asset Management launches ‘Romania invests’ guide

According to the study, financial protection is the main reason Romanians put their money in investment funds. An overwhelming share of 88 percent of investors believe that investment funds might pay higher than savings products.

Forte Partners to start second phase of The Bridge project in the following eight months

Epstein Architecture and Engineering, the Romanian branch of Epstein Global, was appointed by Forte Partners for the design of the second phase of the office complex The Bridge, situated in Orhideea area in Bucharest.

FDI in Romania down 13.2 pct to EUR 1.1 bln on five months

The foreign direct investments (FDI) in Romania grew by EUR 230 million in May, reaching EUR 1.1 billion, but their level in the first five months is with 13.2 percent lower than the one registered in the same period of 2015, respectively EUR 1.2 billion, says the National Bank of Romania (BNR).

Globalworth ups profit by over a third

Real estate developer Globalworth Real Estate Investments Limited, founded and managed by Greek investor Ioannis Papalekas, increased its net operating profit by 38% in the first three months of this year to EUR 6.5 million, up from EUR 4.7 million recorded in the same period last year.

CBRE: Bucharest Class A office stock exceeds 1 million sqm in Q2

In Bucharest, Class A office stock exceeded 1 million square meters in the second quarter, a record for the office space market. In Bucharest, Class A office stock exceeded 1 million square meters in the second quarter, a record for the office space market. Overall, this year’s new office stock is projected to be a whopping six times larger than last year’s.

Romania records biggest decrease in insolvencies among CEE countries

Romania has recorded the strongest decrease in the number of insolvencies among countries in Central and Eastern Europe, a study by Coface reveals. The almost – 50 percent decrease was due to several favorable conditions, such as the fiscal stimuli the country benefitted from.

Advertising company restore a building in Bucharest with EUR 330,000

A former office building from 1920 was reconverted to retail space near Colţea Hospital in Bucharest, Universităţii Squre.

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