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Office Market News

Construction permits down 10.1 pct in July, compared to the same period in 2015

The number of construction permits for residential buildings issued in July 2016 dropped 10.1 percent compared to the same period in 2015, and by 4.1 percent compared to June 2016, the Romanian National Institute of Statistics (INS) announced in a press release sent to Agerpres on Monday.

ParkLake shopping mall in Bucharest opens in September

ParkLake, Bucharest’s newest shopping mall, will open on September 1. The project’s initial opening was scheduled before May 1, but it had to be postponed as the work was not ready.

High number of insolvencies caps 2011- 2015 economic growth at 3 pct

Over 5,000 local companies became insolvent in the first seven months of the year, down 22.5% compared to the same period in 2015.

Regina Maria opens medical campus in Targu Mures following EUR 1.7 mln investment

The private healthcare network Regina Maria continues its expansion by opening the first medical campus from Targu Mures, following an investment worth EUR 1.7 million. The campus is placed in the north-eastern part of the city, close to the Medical and Pharmacy University of the Emergency Clinical Hospital of Targu Mures.

GEM report: 98 pct of the Romanian entrepreneurs use own equity to start a business

The global financial crisis made entrepreneurs more dependent on their own equity, while new financing sources, such as crowdsourcing, become more popular, according to a report of Global Entrepreneurship Monitor (GEM) regarding the financing of new businesses.

New tenant in Green Court Bucharest

T-Me Studios, a mobile apps developer in the segment of customizing and gaming rented an area of 800 sqm in the C building of the Green Court Bucharest project, developed by Skanska.

British outsourcing company reached 200 employees in its Galati office

British company Euroanswer, specialized in outsourcing services, with two centres in Romania, in Galati and Bucharest, reached 200 employees in Galati, following the recruitment of 80 people in the beginning of this year.

Polish executive will manage top Romanian residential developer

Impact Developer&Contractor, one of the biggest real estate developers in Romania, has appointed Polish executive Bartosz Puzdrowski as its CEO. His three-year mandate starts on September 1, 2016, the company announced in a note to investors.

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