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Office Market News

Romania inflation down to new record low of 1.04 pct in March

Romania’s inflation dropped to a new record low in March, figures from the National Institute of Statistics showed Thursday. Inflation, based on the consumer price index, fell to 1.04 percent from 1.05 percent in February. On a monthly basis, prices rose 0.03 percent.

Office Depot expands its offices in Cluj

Office Depot, services and solutions supplier for working spaces has extended its lease in the office building Iulius Business Center in Cluj, expanding its area with 700 sq. m, to 4,500 sq. m.

Coface improves estimates regarding Romania’s economic growth in 2014

Coface improved the estimates regarding Romania’s economic growth for this year, up from 2.1 percent to 2.3 percent, according to data presented at the Country Risk Conference.

Transilvania Insolvency House sold in March assets of EUR 10 million

Transilvania Insolvency House (CITR) ended March with sales of the real estate assets totaling approx. EUR 10 million.

Korona Mall Braşov, postponed again

Construction works for Korona Mall in Braşov will not start this year, as scheduled.

Cosmopolis owners bought a land on Barbu Văcărescu St. for a residential building development

Turkey’ Buyukhanli family, the developer of residential complex Cosmopolis in Ştefă­neşti village, northern Bucharest has recently bought a land of more than 2,000 sq. m on Barbu Văcărescu St. in Bucharest, with the intention to start this year the construction works for a building with approx. 100 apartments.

FT: Bucharest heads for recovery quicker than its neighbours

Financial Times covers the rise of popularity Bucharest and Romania are currently enjoying in the eyes of investors and real estate developers, as opposed to other destinations that are losing their economic appeal.

Erste improves economic forecast for Romania from 2.3 pct to 3 pct GDP growth

Erste Group Research improved its estimates regarding Romania’s economical growth, from 2.3 to 3 percent in 2014, as a result of higher-than-expected results in retail. On the other hand, the Worldbank also improved prospects for Romania’s economy, but only up to 2.5 percet.

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