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EY: Romania M&A market came fourth in region last year. One deal in top 10

The local market for mergers and acquisitions (M&A) registered deals worth USD 3.6 billion last year, ranking fourth in the region, according to a report by professional services firm EY.

Residential market is up in Orhideea-Politehnică area in Bucharest, due to new office developments

The new apartments offer in residential compounds situated in the area Orhideea – Politehnică in Bucharest has exploded, as the plans announced by the office developers started taking shape. There are eight large office projects in different phases of construction and planning, developed by CA Immo, Forte Partners, Sema Parc and Vastint (Ikea), totalizing more than 170,000 sq. m office spaces and being scheduled for delivery starting with the second half of 2016 by 2018, according to data analyzed by ESOP.

Young Romanians under 25 may be exempt from tax on salaries

Young people under 25 may be exempt from paying the tax on salaries for three years, similar to the current model applied only to IT employees, according to a draft project debated in the Parliament.

Skanska Recognized by the Jury of CEEQA Awards 2016

Skanska continues its winning streak at the most important events of the commercial real estate market. During this year’s CEEQA Awards ceremony, Skanska Commercial Development Europe won the highest number of awards among all developers – the company was recognized with four awards in key categories.

New Kopel has between EUR 3 and 6 million for office building acquisition in Bucharest

New Kopel group, with businesses on the local auto market, including sales, operational leasing and rent-a-car services and a turnover of EUR 25 million registered last year, has planned an investment of EUR 3-6 million on the local real estate market, the company being attracted by the yields of 7.5 pct. on the market, the biggest in Central Europe.

Romania, among biggest markets in region on non-performing loan deals, says Deloitte

Romania is among the regional champions in Central and Eastern Europe on deals involving non-performing loans (NLPs), according to a new report by professional services firm Deloitte.

IMF: Romania’s economy will grow by 4.2% this year

The International Monetary Fund (IMF) has revised up its estimates on Romania’s economic growth for this year to 4.2%, according to its latest World Economic Outlook report.

BCR to relocate staff to The Bridge office project in Bucharest

Austrian lender BCR, which is owned by Erste Group, said it had signed a deal this April with the real estate developer Forte Partners to relocate part of its staff from its current HQ in Bucharest Financial Plaza (BFP) to THE BRIDGE business park, which is currently under construction in the Grozavesti-Orhideea area.

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