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Romania’s new insolvency law leads to fewer insolvent companies

The new insolvency law, which entered into force in mid-2014, has reduced the number of businesses that entered insolvency.

Skanska starts works at two office projects on plots bought last year in Romania

Sweden’s Skanska Property Romania announced the beginning of works this year for two office projects, in northern and western Bucharest, which would be developed on plots bought last year.

Forte Partners starts construction works for The Bridge office building in Bucharest

Forte Partners announces to start works next week for The Bridge office building near Carrefour Orhideea, in western Bucharest.

NEPI to deliver 8,400 sqm office project in Bucharest this summer

Aviatorilor 8 (project former known as Victoriei Office), an office building in Bucharest’s Victoriei Square with a GLA of 8,400 sqm, will be finalized during the third quarter of this year, according to developer NEPI (New Europe Property Investments).

Financial analysts, less optimistic about Romania’s economy

International financial analysts have strongly adjusted their estimations on Romania’s economic outlook, according to the German research institute ZEW in collaboration with the Austrian banking group Erste.

Romania records biggest growth in construction work in EU

Romania had the biggest growth in construction work among all the European Union member states in December 2015 compared to the previous month.

RE/MAX to open 9 offices and increase turnover by half in Romania this year

RE/MAX, a real estate agency franchise headquartered in Denver, aims to reach 24 work points in Romania this year, an increase of 9 units over 2015, according to a company statement.

Almost a quarter of Romanian CFOs expect the economy to grow in 2016, says Deloitte

Nearly a quarter of Romanian CFOs surveyed by Deloitte Central Europe expect the local economy to grow by up to 3.6 percent this year, in line with the World Bank’s forecast of 3.9 percent.

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