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Office Market News

Romania’s annual inflation rate hits new low in April

Romania’s annual inflation rate went down to -3.3% in April, when compared to April 2015, which represents a new low. In March this year, the annual inflation rate stood at -3%.

Business incubators law passes by parliament

A new law aiming to support business incubators has received a favourable vote by the Chamber of Deputies and is now awaiting promulgation.

Tagor to start the construction of second stage of Adora Urban Village

Tagor, the developer of residential complex Adora Urban Village in Bragadiru area in south western Bucharest announced it would start the second stage of the project.

DTZ: Land transaction, on the rise again in Bucharest: doubled value in the first quarter

The value of the transactions with land for commercial destination in Bucharest reached in the first quarter EUR 35 million, a double value compared to the same period of 2015, the largest operation being made by the Sweden’s investor Vastint, which bought 48 ha of land in Băneasa – Sisești for a mixed-use project (mainly residential), according to DTZ Echinox.

Voicu Oprean, AROBS: Romania is still attractive for outsourcing

The software solutions supplier AROBS Transilvania estimates for this year an increase of approximately 25% of the business against 2015, taking into consideration the contracts signed with the new clients, as well as the increase of some of the existing projects.

Former development manager of Colliers, Alexandru Cernea, employed by Momentum Consulting

The real estate consultancy company Momentum Consulting recruited the former development manager of Colliers International, Alexandru Cernea, to the position of business development director.

Study: Real estate market radically changed after economic crisis

The economic crisis brought drastic changes in the real estate market, half of apartment demands having in view apartments of up to 60,000 euros while in 2008 about 70% of buyers were interested in more properties more expensive than 100,000 euros, according to a study made by imobiliare.ro.

Shareholders of Industria Iutei rejected Bucharest plot sale to Dedeman

Shareholders of the manufacturer Industria Iutei Bucharest have rejected the proposal of sale of a 2.7 ha plot in Trafic Greu area of Bucharest to the DIY retailer Dedeman, owned by Adrian and Dragoș Pavăl.

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