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Hourly labor cost in Romania, five times lower than in the EU

The hourly labor cost in Romania, excluding agriculture and public administration, reached EUR 5 per hour in 2015.

1Q 2016 results: 15 pct. increase in office transactions for medium companies in Bucharest

The total volume of office transactions for the medium sized companies has increased in Bucharest with 15 pct, compared to the similar period of 2015.

Almost 9 in 10 top CEOs are happy with business in Romania despite poorly rated administration

Some 88% of the 200 business leaders questioned in an AmCham Romania survey have declared that their investments in Romania were meeting or surpassing expectations, despite the poor perception they had about the public administration.

US IT company opens operational center in Romania’s Cluj-Napoca

US company 8×8, which provides enterprise solutions for cloud communications, yesterday opened its first operational center in Eastern Europe in Cluj-Napoca.

Telekom stays five more years in City Gate offices in Bucharest, breaking a deal signed in 2014 Globalworth

Bogdan Jigman, general manager of GTC, together with, CEO Telekom Romania, have signed on Wednesday the renewal of the lease agreement in City Gate building from Piata Presei in Bucharest for another five years, thus breaking the deal signed in November 2014 Telekom and businessman Ioannis Papalekas, owner of Globalworth.

NEPI opens EUR 84 mln mall in Timisoara

Real estate investment fund New Europe Property Investments (NEPI) opened this Thursday its 70,000 (sqm) mall in Timisoara, western Romania.

Construction permits go up 11.6 pct y-o-y in February

In February 2016 there were 2,509 construction permits issued for residential buildings, an 11.6 percent rise year on year, show data from the National Institute for Statistics (INS). Over the previous month this was a 75.6 percent advance.

EuropaProperty announces short-list for 11th annual SEE Real Estate Awards

The short-list for the upcoming 11th annual EuropaProperty SEE Real Estate Awards, representing the most outstanding and accomplished projects, companies and individuals throughout the Southeastern European region in 2015, has been announced. Leading commercial property players are now braced to take part in the region’s premier commercial real estate awards event on April 21st 2016, at the Radisson BLU Hotel, Bucharest, Romania.

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