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Office Market News

Romania registers in April highest annual inflation rate in EU: 1.6 percent

Romania and Austria had the highest annual inflation rate in the European Union (1.6 percent) in April 2014, twice as much as the one of EU 28, where prices saw a 0.8 percent annual growth, according to the data published on Thursday by the European office of statistics (Eurostat).

Cluj: EUR 6 million investments for a business support centre

City Hall in Cluj-Napoca signed the contract for the development of TEAM centre with the comonaies TCI Contractor General , Valdek Impex and Ianus SRL, an investment of nearly 27 million lei (more than EUR 6 million).

Romania’s new retail supply hits 9-year low in 2014, says JLL Romania

Only two modern retail schemes will be delivered in Romania this year totaling 62,000 sqm, according to a recent report from JLL Romania. This is the lowest level reported since 2005, according to the real estate service firm.

Romania had the biggest economic growth in EU in Q1 2014

Romania’s gross domestic product (GDP) grew by 3.8 percent in the first quarter of 2014 from the similar span of time of last year. This is the largest annual advance registered by a European Union (EU) member state, according to some preliminary estimates published on Thursday by the European office of statistics (Eurostat).

CBRE Romania launches internship program in view of expanding its team

CBRE Romania starts the internship program „Junior Academy”, dedicated to final year students, MA students and economic studies graduated up to three years ago, with the possibility of employment on undetermined period of those matching the company’s profile, upon its completion.

JLL: Property investment volume, at a record EUR 337 M in Q1

The property investment volume recorded in Q1 2014 is estimated at a record EUR 337 million, higher than the total volume in 2013, according to Jones Lang LaSalle (JLL) Bucharest City report.

The building with Astra Asigurari and Romania Libera, up for sale

The office building that currently houses Astra Asigurari and Romania Libera’s headquarters, owned by business-man Dan Adamescu, has been put up for sale by Piraeus Bank for a price of EUR 14 million.

Standard & Poor’s Upgrades Romania to Investment Grade After Six Years

Standard & Poor’s upgraded Romania to investment grade for the first time since 2008 as the economy grows and the government maintains fiscal rigor.

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